June 7, 20233 yr Author This can't be the same SEC that let Coinbase go public with those same exact tokens they're now calling securities, can it? I own none of those tokens that they listed. And I think this is a Fing embarrassment. Crypto needs its own regulatory framework that Brian Armstrong and company have been asking for years about. Why hasn't that occured? Gary Gensler and the SEC do not protect investors. They protect and collude with the government on their own self interests at the expense of investors.
June 9, 20233 yr On 3/19/2023 at 1:36 PM, mattmcginley7 said: Balaji has made a $2 million public bet that price of 1 BTC is $1,000,000 within the next 90 days because of this reason He claims the world will finally redenominate Bitcoin as digital gold and countries will be forced to adopt it because it's the only place that will exist that your money is yours I have believed ever since I bought Bitcoin that it would end up as the world reserve currency, but I think everyone has to be dumb and lose money longer to finally reach that conclusion I do agree with him though that whenever the day comes that the world decides this is their new gold, the chart history of Bitcoin is rendered completely meaningless and it basically is a straight line up Maybe short term, this is the moment of FOMO and this narrative being popular.. But if I owned no Bitcoin at all and understood this possibility existed, I would be extremely nervous not owning any. So we're down to 8 days for this guy's bet to pull through? Not looking good.
June 9, 20233 yr Author 31 minutes ago, Kz! said: So we're down to 8 days for this guy's bet to pull through? Not looking good. Yeah, he already paid out the bet last month and the timeline was way too aggressive. But I agree with the sentiment that a day will come where everyone agrees Bitcoin is a better version of gold and countries all around the world will simultaneously adopt it and the price will 5-10x almost immediately
June 29, 20233 yr Author Lots of Bitcoiners believe the worldwide adoption of BTC is so strongly altruistically aligned that it trumps all other important issues Money is half of every transaction, and BTC as the global reserve currency and what the world decides to hold and trade in would actually really put a major dent into a government's ability to act maliciously with manipulating their own currency to fund wars, pay themselves, monitize their debt, debase their own citizens, and bailout crap. However, I think this all takes a lot of time to play out. The Bitcoin network isn't ready to handle that yet, so I don't think electing a pro Bitcoin president results in this scenario any time soon. I don't think it matters whether our president is pro Bitcoin at this point. Its adoption is coming regardless
July 9, 20233 yr Author This is a very interesting idea. Not sure whether it will be BTC, but it will almost certainly be a blockchain based permissionless cryptocurrency Open source LLMs I could see this. Maybe for closed source models but not entirely certain $500k has always been my long term realistic target because it matched Gold's market cap at the time. But if it actually caught on as AI's monetary preference, it's gonna absorb up the entire impending AI expansion as well
July 13, 20233 yr Author The SEC just lost its case to Ripple over whether they could classify it as a security lol Bitcoin ETF, the halvening, and regulatory clarity all on the relatively near horizon. Rates hikes close to the end. Dollar falling Another crypto cycle is inevitable
July 14, 20233 yr Author On 11/16/2022 at 4:30 PM, Paul852 said: Do we get vindication or are we still hanging on to this being a sound investment?
July 15, 20233 yr Author 16 minutes ago, Paul852 said: Uh huh. I'll hold my breath starting now Lots of people would probably say Larry Fink going around on TV saying Bitcoin will transcend fiat money and is digital gold is the complete opposite of vindication of Bitcoin as an unsound investment. And you said that at the exact bottom.
July 15, 20233 yr 7 minutes ago, mattmcginley7 said: Lots of people would probably say Larry Fink going around on TV saying Bitcoin will transcend fiat money and is digital gold is the complete opposite of vindication of Bitcoin as an unsound investment. And you said that at the exact bottom. Relax, Bitcoin is still half of it's peak value just a few years ago. Wait a while before pounding your chest again.
July 15, 20233 yr Author Just now, Paul852 said: Relax, Bitcoin is still half of it's peak value just a few years ago. Wait a while before pounding your chest again. It's also 80 times more than what I first bought it for but okay I didn't mention anything about price here either. You implied it isn't a sound investment. And today, the guy who runs literally the largest investment company in the world is saying the exact opposite
July 15, 20233 yr Just now, mattmcginley7 said: It's also 80 times more than what I first bought it for but okay I didn't mention anything about price here either. You implied it isn't a sound investment. And today, the guy who runs literally the largest investment company in the world is saying the exact opposite You did mention price (apparently I said it at the exact bottom) Look man, buy more. I've already given you props for sticking to your guns but this is something I'm not changing my mind on. You can quote me when it skyrockets and I'll eat crow. You damn well know I'll do the same when it tanks.
July 15, 20233 yr Author 19 minutes ago, Paul852 said: You did mention price (apparently I said it at the exact bottom) Look man, buy more. I've already given you props for sticking to your guns but this is something I'm not changing my mind on. You can quote me when it skyrockets and I'll eat crow. You damn well know I'll do the same when it tanks. Why would you not change your mind?
July 15, 20233 yr 7 hours ago, mattmcginley7 said: Why would you not change your mind? Correction: if Bitcoin ever transcends fiat money then I'll change my mind.
July 15, 20233 yr Author 2 hours ago, Paul852 said: Correction: if Bitcoin ever transcends fiat money then I'll change my mind. Then the price is $100k+
July 15, 20233 yr 41 minutes ago, mattmcginley7 said: Then the price is $100k+ Deal. That's when I'll change my mind.
July 15, 20233 yr Author 1 minute ago, Paul852 said: Deal. That's when I'll change my mind. When that day comes, you'll very likely attempt to justify not buying still because you know you had chances at $10k and now it's 10x as much
July 15, 20233 yr 1 hour ago, mattmcginley7 said: When that day comes, you'll very likely attempt to justify not buying still because you know you had chances at $10k and now it's 10x as much I still won't buy it. I'm happy with where my money is.
July 15, 20233 yr Author 1 hour ago, Paul852 said: I still won't buy it. I'm happy with where my money is. But not enough to where you would consider shorting it?
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