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Posted
1 hour ago, Buzzrock said:

Didn't watch the video yet, but I see 401k adoption (or not) as a major component whether $1m will occur. If employers had bitcoin or crypto exposure as an investment option for employee plans, the underlying assets will skyrocket. I don't imagine many will start throwing 100% into crypto (some will), but even if you start seeing a low average of 1-2% that is a huge influx of money that will eat up available bitcoins.

Posted
17 minutes ago, Buzzrock said:

Makes me wish I hadn’t sold my one coin at $12K. 

Meh. I always find it pointless to second guess past decisions or indecisions. If so, I wish that I had bought NVDA for 4 cents, adjusted for splits, back in 1999.

Posted
26 minutes ago, Fiscal dominance said:

You just missed some in March and April.

I think the institutional money flowing in will dampen volatility somewhat. 

A good general rule here is when nocoiners start posting then it’s a good time to buy. Here’s a few examples.

 

 

 

 

 

They all could’ve made a great financial decision by fading themselves. 

I think Bitcoin is inherently worthless, but that doesn't mean it isn't a good gamble. I do think the music will stop eventually, but I have no idea when that will be. 

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Posted
2 hours ago, Dahobbs said:

I think Bitcoin is inherently worthless, but that doesn't mean it isn't a good gamble. I do think the music will stop eventually, but I have no idea when that will be. 

in the purest sense so is paper money and i'm not a gold bug or crypto bro. it's been around long enough to be a proxy for value at this point. but I hear your point. 

Posted
3 hours ago, troph said:

in the purest sense so is paper money and i'm not a gold bug or crypto bro. it's been around long enough to be a proxy for value at this point. but I hear your point. 

Eh, currency is different. If Bitcoin could function as a currency, it would have value. But it isn't used that way and its volatility makes it unlikely to ever be used as a real currency. Whether it remains a long term store of value remains to be seen I suppose. But I expect the music will stop at some point. No harm in folks making money in the interim. 

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Posted
47 minutes ago, Dahobbs said:

Eh, currency is different. If Bitcoin could function as a currency, it would have value. But it isn't used that way and its volatility makes it unlikely to ever be used as a real currency. Whether it remains a long term store of value remains to be seen I suppose. But I expect the music will stop at some point. No harm in folks making money in the interim. 

Then gold has the same characteristics and it’s now so valuable you can’t really use it well as currency even if paper currency collapsed. Silver is a better metal for currency but in both cases it’s scarcity and perceived value that make it so. The two risks for bitcoin are regulation (out of existence) and total collapse of society. I think the time for the first has recently passed. That ship has sailed. What’s left is total collapse, in that sense it’s just like paper currency. But that’s where gold, silver, water, unique goods that are disappearing come in handy. I’m fucking loaded if water becomes a currency sheesh. 

Posted
11 minutes ago, Fiscal dominance said:

FIFY

I don't know if you've noticed, but the music hasn't been slowing. It’s accelerating. 

You're betting the don't pass line, and cheering on the seven out. Dahobbs pretty succinctly said my feelings on its inherent unsustainability.

Also lmfao what is this, your 40th new account? 

14 minutes ago, troph said:

Then gold has the same characteristics and it’s now so valuable you can’t really use it well as currency even if paper currency collapsed. Silver is a better metal for currency but in both cases it’s scarcity and perceived value that make it so. The two risks for bitcoin are regulation (out of existence) and total collapse of society. I think the time for the first has recently passed. That ship has sailed. What’s left is total collapse, in that sense it’s just like paper currency. But that’s where gold, silver, water, unique goods that are disappearing come in handy. I’m fucking loaded if water becomes a currency sheesh. 

In a sense, investing in Bitcoin to further goose the electricity and water consumption of the network is enhancing the value of your water holdings by inducing further scarcity. Good stuff.

Posted
58 minutes ago, Captainant said:

You're betting the don't pass line, and cheering on the seven out. Dahobbs pretty succinctly said my feelings on its inherent unsustainability.

Also lmfao what is this, your 40th new account? 

In a sense, investing in Bitcoin to further goose the electricity and water consumption of the network is enhancing the value of your water holdings by inducing further scarcity. Good stuff.


My water isn’t worth shit unless total complete collapse occurs. So your logic is quite stretched and quite attenuated. 

Posted
13 minutes ago, troph said:


My water isn’t worth shit unless total complete collapse occurs. So your logic is quite stretched and quite attenuated. 

My comment on your water value was about as serious as your initial comment was lol

Posted (edited)
42 minutes ago, Captainant said:

My comment on your water value was about as serious as your initial comment was lol

Y'all are the ones claiming an asset that is now broadly accepted by Wall Street - so much so it’s quoted on tickers next to the S&P 500 is unlikely to remain so. You’re the one lacking seriousness. How does it go? lol is it? Sheesh.

Edited by troph
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Posted
1 hour ago, troph said:

Y'all are the ones claiming an asset that is now broadly accepted by Wall Street - so much so it’s quoted on tickers next to the S&P 500 is unlikely to remain so. You’re the one lacking seriousness. How does it go? lol is it? Sheesh.

I genuinely am interested to hear your experience using bitcoin for commerce, and your general experience using it in contrast to traditional financial systems

Posted
5 hours ago, troph said:

Then gold has the same characteristics and it’s now so valuable you can’t really use it well as currency even if paper currency collapsed. Silver is a better metal for currency but in both cases it’s scarcity and perceived value that make it so. The two risks for bitcoin are regulation (out of existence) and total collapse of society. I think the time for the first has recently passed. That ship has sailed. What’s left is total collapse, in that sense it’s just like paper currency. But that’s where gold, silver, water, unique goods that are disappearing come in handy. I’m fucking loaded if water becomes a currency sheesh. 

I'm not being critical of you. You want to gamble your money, go for it. Right now, the table is paying like crazy. And maybe it keeps paying for a long time. That doesn't change the fact that bitcoin provides 0 real world value. It can't function as a currency. It isn't an independently useful material like gold or silver. Bitcoin's value is tied solely to its scarcity. I question the long-term value of a functionally useless thing that also requires a massive infrastructure and energy investment. For whatever reason it has stuck around and maybe it can live off its own momentum now. But I happen to think it is precisely the sort of thing that can suffer a drastic and sudden price collapse. Until then, make all the money you want. I ain't stopping anyone. 

Posted
5 hours ago, Dahobbs said:

I'm not being critical of you. You want to gamble your money, go for it. Right now, the table is paying like crazy. And maybe it keeps paying for a long time. That doesn't change the fact that bitcoin provides 0 real world value. It can't function as a currency. It isn't an independently useful material like gold or silver. Bitcoin's value is tied solely to its scarcity. I question the long-term value of a functionally useless thing that also requires a massive infrastructure and energy investment. For whatever reason it has stuck around and maybe it can live off its own momentum now. But I happen to think it is precisely the sort of thing that can suffer a drastic and sudden price collapse. Until then, make all the money you want. I ain't stopping anyone. 

Crypto stable coins like bitcoin can be used to store value and as currency. It’s not a widely accepted currency much like pesos are not widely accepted in the US but you can go to the bank and exchange them for dollars. You can sell bitcoin for dollars and some do take it as currency. 

One of bitcoins biggest threats is reform to the financial system where 1-3.5% of every non-cash financial transaction is raked for fees. Fix that and you could see crypto crater. 

anyway, I have no need to convince anyone again, I’m following some wickedly smart money that is in on bitcoin. Everyone else can do as they please. Idgaf.

Posted
7 hours ago, Captainant said:

I genuinely am interested to hear your experience using bitcoin for commerce, and your general experience using it in contrast to traditional financial systems

You can’t read can you. My investing strategy is long term hold for aggressive growth. You really need to be right though, so I’ll let you because I’m not invested in this argument its returns suck. 

Posted
1 minute ago, Tailgate said:

How would one go about paying for a hamburger with a Van Gogh?

I make a mean smash burger bring it I’ll do that deal. I remember when coffee shops and pizza joints were taking BTC. I hope those shop owners held them!

  • Haha 1
Posted (edited)
2 hours ago, troph said:

Crypto stable coins like bitcoin can be used to store value and as currency. It’s not a widely accepted currency much like pesos are not widely accepted in the US but you can go to the bank and exchange them for dollars. You can sell bitcoin for dollars and some do take it as currency. 

One of bitcoins biggest threats is reform to the financial system where 1-3.5% of every non-cash financial transaction is raked for fees. Fix that and you could see crypto crater. 

anyway, I have no need to convince anyone again, I’m following some wickedly smart money that is in on bitcoin. Everyone else can do as they please. Idgaf.

You may be following "wickedly smart money," but you don't actually understand what you're talking about. Bitcoin isn't a stable coin. It doesn't try to maintain a value. It fluctuates widely in value (largely by design). You can't actually use it as a currency because there is no way to peg a bitcoin price to anything given the large fluctuations in a single day much less over a longer period of time. But yes, it is fairly easily convertible to dollars. That puts it somewhere between Beanie Babies and actual currency. It is more liquid than the former and less stable than the latter. 

Edited by Dahobbs
Posted (edited)
51 minutes ago, Dahobbs said:

You may be following "wickedly smart money," but you don't actually understand what you're talking about. Bitcoin isn't a stable coin. It doesn't try to maintain a value. It fluctuates widely in value (largely by design). You can't actually use it as a currency because there is no way to peg a bitcoin price to anything given the large fluctuations in a single day much less over a longer period of time. But yes, it is fairly easily convertible to dollars. That puts it somewhere between Beanie Babies and actual currency. It is more liquid than the former and less stable than the latter. 

thank you for your attention to this matter.

Edited by troph
Posted
1 hour ago, troph said:

thank you for your attention to this matter.

You're welcome. I do think there may be a miscommunication here: stable coin is a technical term. I'm now realizing you may have meant stable descriptively rather than intentionally referring to the class of coins that are designed to peg themselves to some reference target (https://en.wikipedia.org/wiki/Stablecoin). Mea culpa for any confusion. 

Posted (edited)
41 minutes ago, Dahobbs said:

You're welcome. I do think there may be a miscommunication here: stable coin is a technical term. I'm now realizing you may have meant stable descriptively rather than intentionally referring to the class of coins that are designed to peg themselves to some reference target (https://en.wikipedia.org/wiki/Stablecoin). Mea culpa for any confusion. 

You’re fine, I probably messed that part up. I see it as stable, value, and currency.  I’m in BTC for long term value only, and as someone who is not an early adopter I'm trying to adopt sooner on assets and stocks I think have aggressive upside.  The momentum here, the fundamentals, and the adoption all point to a massive increase in value over the next 10 years, potentially in ways a stock of a particular company cannot achieve. the supply/demand and scarcity along with the signals of trust are just coming in too strong even though it's still very early in the life of this asset.

Edited by troph
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Posted
7 minutes ago, Fiscal dominance said:

IMG-6230.jpg

I'm more annoyed about the frequent flier new account because I can't fucking block you. You just come back again and again and again despite there being a rule specifically against YOU for your disinformation antics during COVID and the early stages of the russian invasion of Ukraine. 

Posted (edited)

Paypal will soon allow payment using 97 cryptos. I think that 97 cryptos shows they don't know what they are doing, and I also think they are going out of business before long. Anyway, the payment rails are being built now. I am installing cypto payments on my website, and even though it's first gen technology I am cutting my processing payment by 1%, understanding it will eventually be completely free.

Everything from Zelle to ACH to Western Union is getting replaced with the blockchain.

https://fortune.com/crypto/2025/07/28/paypal-100-cryptocurrencies-accept-merchants-bitcoin-ethereum/

Edited by Thetexashammer
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Posted
Crypto stable coins like bitcoin can be used to store value and as currency. It’s not a widely accepted currency much like pesos are not widely accepted in the US but you can go to the bank and exchange them for dollars. You can sell bitcoin for dollars and some do take it as currency. 
One of bitcoins biggest threats is reform to the financial system where 1-3.5% of every non-cash financial transaction is raked for fees. Fix that and you could see crypto crater. 
anyway, I have no need to convince anyone again, I’m following some wickedly smart money that is in on bitcoin. Everyone else can do as they please. Idgaf.

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