Yes, I think it's a good idea. Big downcycle should be somewhere ahead based on historical cyclical behavior but this might be just a short puke and shake down. I don't see solid justification for the downcycle yet, other than simply assumping it is due based on timing alone and around 4 year cyclicity
And to expand on my answer, so lets imagine someone did own all S&P stocks, or, lets say 5 people owned all these stocks. This would still not make them own the world ...because guilliotines would follow pretty fast and they would not even own their heads anymore, much less some "equity".
More accurate comparison would be: what if someone had come to own all gold in the world. Would it make gold lose value? I don't think so (but gulliotines would still get involved), and unlike gold, which can be confiscated, it's pretty hard to confiscate bitcoin but still doable with some torture methods
so all these scenarios are hypotheticalBeen there done that back in...2018 or somewhere around, but I had soured on crypto alltogether back then, silly mistake.
No, your intuition was right: crypto is a scam.
That is the biggest mistake that keeps no-coiners from studying bitcoin. The media constantly conflates crypto with bitcoin, when in fact crypto is digital fiat (controlled by a few insiders like the Etherium foundation for example), and bitcoin is controlled by the users.
Crypto is a scam for a few insiders (XRP) to dump worthless tokens on desperate people.
Bitcoin emerged from the ground up as freedom money. The creator of it disappeared forever.
Yes, I see that, even XRP is centralized while it's been promoted as decentralized coin, but it seems to be heavily controlled by a corporation.
I guess I forgot to mention Bisq, which is peer to peer.
For anyone who is interested in how Fiat came to be and how it affects society, Saifdean Ammous released all 18 lectures from his Fiat Standard online course.
saifedean.com
282. The Fiat Standard: Lecture 1
Starting this week, Saifedean will be sharing the full 18 lectures of his online course The Fiat Standard, based on his book by the same name.
saifedean.com
I'm starting to read the book now, as time allows, it is a good read.For anyone who is interested in how Fiat came to be and how it affects society, Saifdean Ammous released all 18 lectures from his Fiat Standard online course.
282. The Fiat Standard: Lecture 1
Starting this week, Saifedean will be sharing the full 18 lectures of his online course The Fiat Standard, based on his book by the same name.
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You can still request -- for a fee -- delivery of physical stock certificates from your brokerage. I've done this in the past to get some of my net worth "off the books" for reasons I won't go into here
I guess got to be very confident in the company as this is not going to be very liquid and selling would get lengthy. Also expensive fees. With people who live internatinally it is especially not a good option and I just don't have any trust into that babylonian stock system even though I understand the mechanics of the market pretty well. Anyway, selling will most likely involve some kyc entity that goes way beyond identity verification and will require US residency too if US citizen (a broker absolutely will).You can still request -- for a fee -- delivery of physical stock certificates from your brokerage. I've done this in the past to get some of my net worth "off the books" for reasons I won't go into here
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We've repeated ad nauseum on the thread all the of the reasons/properties that give BTC utility, and thus, value. Scarcity is but 1. We've based our conclusions on thousands of hours of research. Most of the detractors here quite frankly can't read or straight up ignore many of the points that we've stated multiple times. That's how emotionally involved they are against BTC, since I find it unlikely that they are flatly stupid.
Great example here. Australia answered this yet again and it must be the 10th time we've had to answer this same question, over and over.
The emotions of sour grapes. It's the only explanation at this point. Australia Sucks and I have laughed at what the response is going to be when BTC hits 200, 300, 500k etc. What will they say then? Our best guess has been "you just got lucky" even after all of this high level theory and the time we've taken to explain it all.
BTC is a digital bearer asset. It is so important because it has that property and security due to solving the double spend problem. If you don't know what that is, look it up. As an aside, when DaVinci Jeremie discovered that someone had finally found out how to solve this problem, he recommended BTC to everyone (even a small amount, in 2013). If anyone listened to him, they became fabulously wealthy.
Add this to the list of what Scorpion doesn't understand. I'm convinced at this point it's that he doesn't want to.
I'm often confused because all it takes is one word to understand it, and it's why BTC is so important: decentralization.
Well well well. 92.8K tagged. I do expect 74.8K to get hit eventually.
Last week, There was Chinese news that accused US “hacked” a Chinese national of their 127,272 BTC. I waited for more details to come out and it turns out the victim was using an outdated seed methdology that could easily been taken via brute force in a manner of hours.
With that much btc you’d probably want a tangem wallet and put the cards in multiple different safe deposit boxes
GrecoRoman
Catholic
It is understandable as men and people generally are competitive, but it’s a simple question to me. If someone put 10% of their capital or pick whatever percentage you’d like into BTC 10 years ago would their portfolio be better or worse off? With the insane returns they’d have more money. Period. Instead we get continuous arguments of how it’s a scam and useless. Same argument from the guys predicting a massive financial collapse every year who recommend some stupid 90% gold allocation but the stock market has chugged along. If you did nothing and held through all the crashes dotcom, 2008, COVID, you’d be way up.
It’s also the same mentality of how some guys will sabotage dating efforts in social circles because they have a crush on a girl, but not the balls to make a move or don’t want to see another guy succeed. Instead of seeing a guy with a pretty wife and family and thinking hmm maybe I can learn something they try to sabotage instead. It’s a gay and feminine attitude to be frank and a rare guy who isn’t like this.
I’ve straight up gotten offered much higher paying jobs but didn’t want them because of the commute, the hassle, liking my job, or some other reason. I always passed them along and referred a guy I like and trust who would be a good fit, but most guys don’t do that. I’m not stating to just hook up a random person or Joe Smoe in your church, but if it’s someone you can vouch for why not pay it forward.
Here’s another related thing that’s mingboggling and coincides with discussion on this board about Jews. They will almost always help their own. Christians / Catholics, or even conservatives not so much. If we eliminated that gay sabotage attitude maybe we’d be able to dominate better.