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Snake oil. -
We have an expert or 2 on here that can weigh in and explain...Comment
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Fools gold IMO - how many people in the bitcoin business have been busted and gone to prison???Comment
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Well, some say the horseless carriage will never take, but I remain bullish.
I still believe the Decentralized chain or ledger is the biggest disruption. Im looking at it from a biblical view and can see how it would be used and fulfill a important prophecy we see in revelation. Its just kinda fun to watch the movie, im not much of an economist.Comment
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How many financial advisors have been busted for stealing money and gone to prison?Originally posted by Huntingfool View Post
You have to be joking.. I'd hope.
Bitcoin held strong around 83k until April 6th. Markets were down a lot April 2-6 and Bitcoin didn't follow.
It trades like the dollar because they are both currencies. If the economy tanks people have less money to buy Bitcoin the same as people have less money to buy stocks. And people have to sell to use the money for both. It's not rocket science.Comment
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I was mining it for a while but between claim jumpers, highway men, and wearing out picks and equipment, I quit.Comment
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I’ve never understood bitcoin. My computer geek son tried to explain it but I still can’t understand. Value to me is something you can hold in your hand. The best investment is a good firearm, at least that’s what I tell my wife. (She ain’t fooled though)
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You can't hold data storage but that has made many many billionaires. Same with lots of technology.Originally posted by Drycreek3189 View PostI’ve never understood bitcoin. My computer geek son tried to explain it but I still can’t understand. Value to me is something you can hold in your hand. The best investment is a good firearm, at least that’s what I tell my wife. (She ain’t fooled though)
Bitcoin has it's place. If the powers that be don't hold it back it will work. To simplify it's a way to store data that can't be hacked (the blockchain). In theory it should make many things obsolete like title companies, stock transaction recordings, etc.
You can't forge or fake who owns what on the blockchain.
People over complicate Bitcoin when they try to tie the price of bitcoin (or making money off bitcoin) to what it's purpose is.
But I will say this. The vast majority of Bitcoin owners (pumpers) are pretty stupid and have no clue. They only own it thinking it will make them money because it's scarce and can't be diluted.Comment
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Too many investors put money in (institutional) and pull money when the markets are tanking. Probably all types of algorithms buying and selling. There is no wash sale with crypto by the way.
How much high does BTC need to be until people stop saying its a scam?
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People say it's a scam because it has no actual value. It's gambling on whether it goes up or down. That's it. Of all these threads for years now, not one single person has explained how it has any actual value.Originally posted by Kevin View Post
I am well aware that many have made millions off of it, that means they won gambling, not that it has any actual value.Comment
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Wish I would have bought some of that fools gold 10 years ago lolOriginally posted by Huntingfool View PostComment
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Yall remember emus right? Huge run up in "value", eggs through the roof, everyone gunna get rich. I have no doubt many did, off of fools. So, it worked, for some, but in the end emus had no ( or very little ) actual value.
So you can store data on it that can't be hacked, will make some businesses obsolete. So it has SOME value. Where is the rationale that it's worth whatever it currently trades at with however many shares that are out there?Comment
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Has anyone on the greenscreen actually ever purchased something with bitcoin?
Just curious. I have a little crypto, but have never bought anything with it.Comment
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