I wouldnt say it doesnt have any value, you can buy just about anything with bitcoin there are lots of businesses that accept it as a form of payment, there are also individuals who will accept bitcoin as payment, you might have a plumber who will receive bitcoin as payment to come to do the plumbing at your house.
On GAB social media you can do donations with bitcoin or pay for adverts with bitcoin or buy stuff on their market place, even here in South Africa I can even buy my groceries with bitcoin, I can do just about any kind of online shopping there is a huge list of companies and stores that accept it, there are even ATMs in South Africa you can withdraw your bitcoin and it comes out in Rands, for example my tiny amount of bitcoin has increased quite a lot, almost doubled and I can spend it right now if I want for practical things that I need, I could even withdraw it in cash and do a cash deposit to pay my water bill if I like, is that useless?
I dont think bitcoin would have come into existance if there wasnt a need for it, in Africa bitcoin and cryptocurrencies have beckme very popular for citizens to escape their declining worthless currencies, to bypass banks and governments, it can also help people who dont or cant have a bank account to receive payments for work or to send to their families in other countries, its pretty useful, most of our low wage workers here who are not South African cant get a bank account without a South African ID and many of them have wives and kids living outside of South Africa and they need to support their families bu sending them money, they can do it with cash sends or cardless ATMs with cellphone numbers but it can also be done with Bitcoin, ATMs can be a hassle to use here, long queues, fraud, thieves wait for you to rob you etc or there just isnt an ATM in your area so a bitcoin transfer illiminates the need for an ATM you can just cash it out into your bank account and pay your bills that way.
Oh I thought it was far less than that, oops. So I like this distribution chart, the individuals are the biggest owners of bitcoin, government the smallest, El Salvador got in early.
I wasnt aware that there was so little bitcoin left to be mined, by when do you think it will all be mined plus minus?
2140…the last 4 years of bitcoin, each block subsidy will pay 37 sats, currently worth $.03 at todays price
Thats quite a distance away I thought it would be sooner, but the fact that there is under 7% left that can be mined thats a tiny amount, I can kind of see and understand now why you dont want to sell.
El Salvador is in, which is the next country to join bitcoin, USA? If USA starts purchasing huge amounts of bitcoin how will that position USA compared to other countries that maybe wont join? For example, lets say none of the BRICS countries join...
Could literally be me and my wife, every time. Having BTC for me is essentially like not having BTC because I always think hey, maybe it will go even higher.
I'm DEFINITELY buying when it falls back to 16k this time though
JayR
Heritage
El Salvador is so far the only country to declare BTC to be legal tender, I believe. However, it was revealed recently that the Kingdom of Bhutan has been steadily mining Bitcoin for the last several years (using hydropower) and it now makes up a large percentage of their net worth:
The next country to enter remains to be seen. If it is the USA, that would be significant news, to say the least.
You're 0-fer a million. Why should we mark anything you say? Ask us questions, since we actually get things right. Maybe you can chat with Peter Schiff and exchange more bad ideas.
I know, it's high entertainment jestermaxxing losing this much money by being so stubborn.
Like we've been trying to tell him. The bubble is FIAT. Wake the F up, people. You'll be forced to anyway, so better to read what we say and understand, not disagree just because you don't want something to happen.
Do you even understand how the world works? Is there not going to be some "financial elite" in the future? The repricing of everything in BTC, happening right now, will of course render a "new elite" - whoever has BTC. Your points don't even make any sense.
Yeah, I have Stan Druckenmiller, Paul Tudor Jones and Larry Fink on speed dial, Scorpion. Let me call them and we'll have a laugh about this guy on the internet that hates that BTC is the discovery of money, and is missing out, but won't use reason or logic so he continues to get bent over as we get greater adoption. They'll laugh.
Yes, it just keeps going up and to the right for no reason.
You know everything, but somehow you haven't made one correct prediction about BTC. Why should anyone listen to you?
Then it’s game theory. The Prisoners Dilemma:
Governments want fiat and don’t want Bitcoin, because that is the end of money printing and theft for them…however…
The first to adopt Bitcoin would have a tremendous strategic advantage over the remaining countries.
If they all cooperated, and agreed not to buy Bitcoin, they could continue fiat clown world.
If they ALL cooperated. (All the nuclear powers that matter, anyway)
What happened after WW2 when the US had nuclear weapons? Every other country needed nukes, to be relevant on the world stage.
If you haven’t read Softwar, by Maj Jason Lowery, that’s a good start.
And google the game theoretical “prisoners dilemma” as the adoption of bitcoin by governments is a classic prisoners dilemma!
If you remember from The Bitcoin Standard, what happened to China and India, when most of the world switched to a gold standard, and they stubbornly remained on silver? That is what will happen to countries that don’t adopt a bitcoin reserve (once the first G7 or G20 domino falls)
Yip China was the very last country to let go of silver and suffered greatly, looks like they gonna do the same with bitcoin
, I will save the name of the book and have a look, Im not done with bitcoin standard just yet Im reading more than one book at the same time.I have a feeling US under Trump will be the next do adopt it and Im sure Elon will push for it too, its going to be interesting because of the amount of wealth USA has they not a small poor country like El Salvador, plus Trump
Trying to explain Bitcoin to a boomer, is like trying to explain electricity to a cave man.
JayR
Heritage
I talked my Dad into buying some FBTC back in June, and gave him my copy of "The Bitcoin Standard." He didn't read it.
He's a happy boomer, but like the caveman, he still doesn't understand Bitcoin.
I noticed a lot of 
and face palms. Even if crypto is worth it it’s a bit late to get into it now.
and face palms. Even if crypto is worth it it’s a bit late to get into it now.
I own quite a bit of bitcoin, followed it for a decade and I don't understand it.
I've made quite a bit of money on it too.
Honestly it feels like a MLM for bros, lol
I noticed a lot of
This is absolutely the wrong take. As Bitcoin dominance is dropping, finally, alt coins are just now starting to wake up and are still at bear market prices
Alph chart for the past week
Tars ai one week chart
Bittensor tao one week chart
Sui 3 month chart
And finally
Panic is rising: Bitcoin, the way out of their giant Ponzi scheme, does not want to die. But the survival of the fiat system depends on the lack of an alternative. The entire system is therefore in danger.
fountain.fm
Bitcoin Audible • Read_855 - The Great Capitulation • Listen on Fountain
"Panic is rising. Bitcoin, the way out of their giant Ponzi scheme, does not want to die, but the survival of the fiat system depends on the lack of an alternative. The entire system is therefore in danger." — Alexandre Stachtchenko The ECB is at is again with a new, 20 page "research" paper on...
I saw the toilet guy. Will sit on toilet until the price reaches x mark
Didn’t buy, didn’t watch the stream.
I did buy more chill guy the other day in case the binance listing happens
Basically people are selling btc to buy ethereum to load up on alts on the eth chain
It’s happening
Bitcoin is definitely not Gold, whose price is stable and fluctuates within a 20% prince range over a given year. Gold is also indestructible, and anti-fragile. If the power goes out Bitcoin falls to zero. Gold is a true store of value created by God at the start of the Universe. Bitcoin is man-made, and pretty much a vanity project, because it will die like all other man-made projects. Gold by contrast cannot die since it was created by God to be immortal.
However, this does not make Bitcoin worthless.
Bitcoin is really the world's first global stock, and, many people, like Scorpion, fail to appreciate the Greed factor of a global stock. Anyone can buy it, anyone can sell it, all you need is an internet connection. Imagine if everyone could buy or sell on the NYSE, with a simple program, at any time of the day. Block chain is an ultra sophisticated stock exchange, and Bitcoin was the first stock to take advantage of this exchange mechanism, so it's the most popular in virtue of having the first mover advantage.
So what rules Bitcoin is Greed and Fear. Price rises increase the fear of missing out aspect, which encourage people from all over the world to join the casino, and buy some Bitcoin. A stock with no barrier to entry, and global in nature, is in fact truly revolutionary and has never occurred before. As the world's greatest bubble, it is extremely tempting to partake in. Some random guy in China or India can now inflate the price of bitcoin by putting his life savings into "the new Gold" (just marketing). Because so many people can help pump up the price of Bitcoin at once, it gives the appearance of tremendous value, which skyrockets the Greed factor.
Being able to tap into people's Greed is valuable, and that is a huge point BTC detractors miss.
Just remember, Mr. Talmud already owns most of BTC and will crash it once they believe they can profit max it. Like all bubbles it will pop when the big players decide to sell their stock.
BTC is already just another tool for fiat players to manipulate, as it's priced entirely in fiat (whereas Gold has it's own value that exists outside of fiat), so handle with care. It could go up for a long time or it could pop tomorrow. No way to predict what Mr. Talmud will do.
For those who want to ride the BTC wave, be sure to take profits, or you'll be very sorry. At the same time, those who do not participate in the BTC Bubble could be missing out huge, perhaps the greatest scam of the century, a global scam of Biblical proportions. Lots of money to be made.
When BTC does pop, as everything priced in fiat must, it will wipe out so many at once it will probably cause a recession or even depression. In fact, the BTC scam has all of the same markings as did in the stock bubble before the 1920's, people believing that stocks were value when of course it's only speculative trading.
However, this does not make Bitcoin worthless.
Bitcoin is really the world's first global stock, and, many people, like Scorpion, fail to appreciate the Greed factor of a global stock. Anyone can buy it, anyone can sell it, all you need is an internet connection. Imagine if everyone could buy or sell on the NYSE, with a simple program, at any time of the day. Block chain is an ultra sophisticated stock exchange, and Bitcoin was the first stock to take advantage of this exchange mechanism, so it's the most popular in virtue of having the first mover advantage.
So what rules Bitcoin is Greed and Fear. Price rises increase the fear of missing out aspect, which encourage people from all over the world to join the casino, and buy some Bitcoin. A stock with no barrier to entry, and global in nature, is in fact truly revolutionary and has never occurred before. As the world's greatest bubble, it is extremely tempting to partake in. Some random guy in China or India can now inflate the price of bitcoin by putting his life savings into "the new Gold" (just marketing). Because so many people can help pump up the price of Bitcoin at once, it gives the appearance of tremendous value, which skyrockets the Greed factor.
Being able to tap into people's Greed is valuable, and that is a huge point BTC detractors miss.
Just remember, Mr. Talmud already owns most of BTC and will crash it once they believe they can profit max it. Like all bubbles it will pop when the big players decide to sell their stock.
BTC is already just another tool for fiat players to manipulate, as it's priced entirely in fiat (whereas Gold has it's own value that exists outside of fiat), so handle with care. It could go up for a long time or it could pop tomorrow. No way to predict what Mr. Talmud will do.
For those who want to ride the BTC wave, be sure to take profits, or you'll be very sorry. At the same time, those who do not participate in the BTC Bubble could be missing out huge, perhaps the greatest scam of the century, a global scam of Biblical proportions. Lots of money to be made.
When BTC does pop, as everything priced in fiat must, it will wipe out so many at once it will probably cause a recession or even depression. In fact, the BTC scam has all of the same markings as did in the stock bubble before the 1920's, people believing that stocks were value when of course it's only speculative trading.
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