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791

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[–] • 11 pts

I think people need to rethink bitcoin. No one lost anything.
They have exactly the same bitcoin they had before the fall.
What you think they lost is YOUR opinion of bitcoins value in fiat dollars. which is silly as fuck. US dollars or any other currency is watered down bullshit.
Bitcoin is a rare resource. US dollars mean nothing. Buy Bitcoin. Hold Bitcoin. Trade for Bitcoin. Dont look at $ for value. The whole point of bitcoin was for you to learn this fucking simple point

[–] • 3 pts

The end goal is to increase your wealth. If Bitcoin is going to drop to $20k by the end of the year, you're better off selling here and buying back lower.

[–] • 1 pt

Nobody is going to ignore the fiat value of shit coin. When someone lets you buy a $30k car for 0.01 BTC let me know

[–] • 1 pt

it's a replacement digital financial system being treated as a tech stock.

[–] • 0 pt

Biden is going to regulate it into non-existence. It only acts as a feasible replacement for the dollar if the zionist bankers can do fractional reserve lending with it and they cannot do that with bitcoin as they don't control it. So they will make it illegal to use it, they will make it illegal to convert it to USD and only the savvy will be using VPN's and overseas exchanges to do their crypto transactions. Widespread adoption is whats needed for bitcoin to work long term. Unfortunately the CDBC that the fed wants to issue could have potential for very nefarious control. Depending on how the block chain is written they could do a time-limited disappearing currency similar to what China is doing. That ends all ability to save your money and probably will be reserved as a "UBI" type of payment. Then when you haven't paid your tax they probably will structure it in such a way that the fed can "take back" your coins or seize your money. They don't want anyone socking money away in shoeboxes. They want people under the thumb permanently.

[–] • 2 pts

whatever.

Bitcoin is going down because the markets are going down. it's a finite resource, and it will fluctuate.

[–] • 1 pt

"Given the anonymous nature of the world’s most valuable digital asset, it is difficult to identify the individuals who possess the addresses in question"

Where do you get this anonymous wallet? Every time I tried to open one I get hit with requests to show photo ID. It's why I couldn't donate to Poal using crypto...

[–] [deleted] • 3 pts

Sounds like you're talking about the exchanges themselves or invasive mobile wallet apps. A good wallet like Electrum, or even better- a hard wallet such as the Ledger Nano, do not require credentials.

As for buying anonymously, or making your current crypto anonymous, that's a different story. Usually involves third party trading and/or tumbling.

[–] • 2 pts

You can create a new Bitcoin address and key, without any internet connection. Just generate a random number. There's your wallet. I'm not making this up, this is all that's necessary. Then you need to transfer some in.

[–] [deleted] • 1 pt

Can't you just do an in-person transaction for cash into your own wallet? Been a while since I messed with crypto.

[–] • 1 pt

I'm not a big fan of crypto either, but it's as established as the stock market is now. And many of thebsame arguments against crypto also apply stocks: intangible digital assets with no inherent value, value depends on constant flow of dollars from new investors that enrich early adopters, facilites criminal activity, not really finite because you can always create more, can be controlled by the government, etc.

[–] • 1 pt

except there is no share buy backs and bit coin doesnt just randomly issue stocks so it can have more money in its coffers

[–] [deleted] • 0 pt (edited )

I wonder how many times people have to get bit before they realize it's just being driven by the religious belief that it always goes up. The well funded professionals will be more than happy to take your money.

[–] [deleted] • 1 pt

religious belief

blind stupidity?

[–] • 1 pt

Bitcoin is going to $100,000 before it goes to $1,000,000 and beyond but slower. Bitcoin has never not gone up.

[–] • 1 pt

It's gone down 50% over the last 3 months.