Me watching my lithium stocks get fucking smashed at the moment
I like to compare the Bitcoin price chart to the stats on a roulette wheel. You can’t really predict what causes it to go one way or the other, but you do know that it will eventually go back.
I mean, Bitcoin is the one thing that just won’t die. Every time its price collapses, people declare it dead, but a few years later it somehow comes roaring back. If you think Bitcoin is worthless just because it has no utility and no person smarter than a chimpanzee would invest in it, by God you are overestimating the intelligence of finance and crypto bros.
Because it is nothing more than gambling.
And money laundry
and sanctions evasion
Thank you for repeating the same thing that I said
Think of it as an executive summary.
Sell off right now for the Space-X IPO will bounce back in a few months
Old investing adage: The market can stay irrational longer than you can stay solvent.
I can’t wait for BTC to go the way of NFC.
I hope you mean NFT because NFC is pretty useful
I 100% meant NFT, lol.
Also, happy Cake Day!
NFC
Accepted as a method of payment nearly everywhere these days?
?? I use nfc every day, wym
People using HomeAssistant would like a word….
Why are the electrodes attached to his nipples 🤔
Where would you put them monkey genius?
my ignorance is exposed 😖
To measure his nippleness
Are you a Stanford scientist?
No. I stand-for sciencist
Because he’s in to that shit.
Wasn’t the point of crypto to actually be used as a currency?
Yeah, it being built upon a decentralized multiple transaction-ledger means that no singular nation’s treasury has control over its value. It’s also actually great for law enforcement because removing a transaction from the history is incredibly difficult, places that offer “private” transactions just create thousands of fake transactions to hide the real one inside, but the evidence still exists.
One of the largest BTC owners on earth is the USA’s FBI who have confiscated tons of the stuff used in illegal activity.
EDIT: Noteworthy is that BTC is far from the most efficient tool for this exact use case. Not all blockchains are equal in power consumption for example, Ethereum apparently uses far less per transaction.
Lol, yeah sure. Just buy the dip and no one gets hurt*
I mean there have been a few use cases beyond illegal business.
It’s just 50% down from ath though
It’s only down 50% in the past year
It will rise, buddy!
If you bought bitcoin and held it for a minimum of 5 years, it’s worth more than you paid for it.
Bitcoin is still to damn expensive for me…
A bitcoin is divisible down to 0.00000001 (one Satoshi). 1 US Penny or $0.01 is worth 16 Satoshi.
