White House: Biden Will Veto Bitcoin Legislation

Discussion in 'Crypto Assets' started by schizo, May 8, 2024.

  1. TheDawn

    TheDawn

    A currency that goes through 50% up and down in value is a good store of value? LOL What value did it store when it lost 50% of its value? LOL Anti-inflation? How's it anti-inflation when there are now thousands of cryptos just like Bitcoins flowing around?

    Congrats if you say so. Hope you hold onto it. In the trading world, it's now how much you make that counts but how much you can retain at the end of the day that does. And sorry to disappoint you, I am not going into a pissing contest. How much I make in trading is not something that I need to show you.
     
    #71     May 12, 2024
  2. What does other crypto floating around have to do with Bitcoin? In the time Bitcoin went from 16k to 70k gold went from like $1200 to $1600 lol...who cares about pullbacks...gold is old dude.
     
    #72     May 12, 2024
  3. TheDawn

    TheDawn

    Having to do with Bitcoin being anti-inflationary. It's only anti-inflationary if it has limited supply but if there are close substitutes to it then it doesn't have limited supply anymore does it?

    Ok so you admit it's not a good store of value then or has stability of value even if its value can go up and down by 50%+ in just a few years. See you have no concept of what a currency's supposed to be like or let alone a legal tender that an entire country of people need to depend on for their livelihood or even a reserve currency that an entire world of people use to run their lives. Like I said before, Bitcoin just like any crypto's, is just another tradable commodity that you play with to get rich if you are lucky.
     
    #73     May 12, 2024
  4. Buffet has made his billions.He needs to make 1% per annum to be successful.

    You and I aren't rich,we need to look for the opportunities that are home runs,all whilst making what we can from the markets.

    Edit to say that I'm not picking on you TheDawn :D.You just happen to be taking opposite sides in the threads we seem to both be in last couple of days.:D
     
    #74     May 12, 2024
    johnarb likes this.
  5. So the USD is inflationary because of the other currencies?
     
    #75     May 12, 2024
    jbusse and johnarb like this.
  6. But he's still doing what he does and what he has always done from the get-go. So what's your point?
     
    #76     May 12, 2024
  7. My point was that you nor I nor schizo should compare ourselves to him or make decisions based on what he is doing.
     
    #77     May 12, 2024
  8. Oh, for fuck's sake. Prove it, already. I've had enough of this " 2008 Lambo" shit.
     
    #78     May 12, 2024
  9. And my point is that he's arguably as sharp today as he was when he started before he got rich. And he thinks crypto is...well, you fill in the blank. And remember, he's the value investor.
     
    #79     May 12, 2024
  10. He does admit its a 2008.haha

    We could all have one if it was prudent.Its not an out of this world claim.

    The fact that he earned it in a single trade would be worthy of a call out but,again,this wouldnt be a wild claim.
     
    #80     May 12, 2024