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.
I think the reason has little to do with investors and more to do the bitcoin being the backbone of the online black market.
You actually can, because it behaves in 4 year cycles. Bitcoin ATH have been in August 2017, 2021 and 2025, and dips have been in December 2018, 2022 and 2026. This why people are selling right now, everyone knows this which makes it self-fulfilling
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.
Eh, both have their utility, just not whatever crypto bros made of it.
I use crypto to pay for things abroad, like a decent VPN, from a heavily sanctioned authoritarian shithole. And NFTs can be useful not as a speculative asset, but as a blockchain-verified decentralized token. In this capacity, both are still completely relevant.
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….
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.
Absolutely not the best. just the best adoption rate due to being first. Also because buying any other crypto usually involves step 1: buy bitcoin and step 2: trade for whatevercoin.
Lol, yeah sure. Just buy the dip and no one gets hurt*
I mean there have been a few use cases beyond illegal business.
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.
It’s only down 50% in the past year
It will rise, buddy!
It’s just 50% down from ath though
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.
