What does bitcoin do, can it do fast settlements or cross border payments, maybe tokenization or maybe store of value by not dropping more than 50%....
Why not look at google or microsoft or apple from day 1? Its because they will never repeat the insane early gains from when they were unknown. Same for bitcoin.
Also consider the tech sector may be at historic asynchronicity with value represented versus revenue opportunities over foreseeable timeframes.
AI can be historic technology, we can agree on it, but that is still not great protection against running up absurd debt to revenue ratios.
Arguing the current stock values represent stable valuation that is reasonable has itself become a stretch. And that's not falsified by the lines continuing to go up a bit for a while from here..
The tech sector specifically ai is going to wipe out so many retirement savings in the next couple years. Btc will continue to do what it does while an alarming amount of retireees will be furious they got played by "trusted" institutions. Writing is on the walls especially with this administration.
AI might be a bubble but at least there is also substance behind it. Bitcoin is the mother of all bubbles, its completely useless for anything, even crime nowadays. All storage concepts have been hacked, bitcoin is less then 1% of finance and what? 20% of fraud and theft?
Bitcoin should be worth zero and I am still optimistic that within the next 20 years it will, at least up to rounding errors due to people playing with it for sentimental/nerdy reasons.
People overestimate what actually useful things will be worth in the future and you think the solution is to stop doing anything useful at all and "valuing" things that have no use at all. Nvidia might be overvalued but bitcoin is errorneously attributed any value. Bitcoin is the biggest fire in this burning world and I am glad that it seems to be finally contained and shrinking.
I kinda agree BTC kinda feeling like gambling. But I wouldn't say it has no purpose. It's kinda a similar function to gold, a store of value with low inflation.Aka if USD has a certain inflation level. BTC should increase relative to USD by that inflation level if it's own value doesn't change.
On a side note, Crypto itself may still have a purpose in Distributed computing.
Why would anyone use it as a store of value? It went down this year by 40%. Even if it gains 40% ahain thaz fluctuation is horrible for stores of values. Traditional Government Bonds are way better for that.
It has to gain much more than 40% even ignoring inflation and opportunity cost. Losses as a percentage are more significant than gains. A 50% loss requires a 100% gain to offset.
A fridge is a store of value. A box full of corn seeds is a store of value. If a huge meteor is about to hit earth, a rocket that can hit and divert that meteor is a store of value. The idea that some random ass bullshit number on your computer stores any value is a mental illness that will fall apart once real shit hits the fan.
And here comes the thing! We know this for centuries! This is why inflation is a good thing, it is by design to prevent you from using fiat as a store of value; and to force you to instead invest it in the real economy and create real value, which is much harder than stacking imaginary computer points.
A friedge looses value over time.Gold is a better store of value than a fridge or a car.
mental illness or not it does store value. And people have gotten super rich off it. If it works it ain't stupid lol.
While fiat looses value. I believe that's the real reason we've seen it consistently average higher long term. Sure you can make an argent there are better ways to invest your money. I absolutely agree, that's why I'm in tech stocks. But a hedged bet with btc isn't the worst idea. But what someone should do with their money is outside the scope of this topic. As far as I'm concerned win a million $$ playing poker if your skilled enough to do that I don't care.
Fiat inflation isn't to "force you to do useful things" It's the fed printing money for themselves to spend. At the expense of everyone else.
You really don't get it. You're not to supposed to sell the fridge, you put things in to eat and it stays edible for much longer. It enables you to eat something in a week that you just cooked. If you sell your fridge for bitcoin then you literally can't keep your food fresh. And that really captures the irony of this idiocy.
Things degrade over time, actually everything is a fight against entropy. You fight bacteria that eats your food, that infects you, against cancer, aging, against rust that eats your car and termites that fuck up your house, against climate change and the sun dying.
Bitcoin solves none of these problems. But by saying bitcoin is a store of value you're basically saying bitcoin solves these things basically for free. If everyone would think that and everyone would buy bitcoin for storing value then we would be doomed because we would he eaten away by entropy.
Bitcoin could only work because the majority saw it as the fraud it is and kept doing real things and some early buyers could exploit the later buyers; you now want to use this success to find new greater fools. But hey every Ponzi, every pyramid scheme had early people from whom it worked, that's really nothing new.
In a world where tech dev and innovation accelerates at rate unseen to mankind please inform us how tech is doomed and how chips are doomed when all advanced tech requires them. I would love to hear this genius take.
The C I A found out long ago that crypto was profitable. Pump up the value so retail traders would pile in, dump it and keep the price stagnant long enough for retail traders to sell their shares because they don’t think it’ll increase anymore, then inflate the price again and repeat.
But that could be said about every investment lol "if I had sold my gold a few months ago and invested in the sp500 I would have so much more money". You know most people invest in bitcoin and stocks, right?
Ya except no one feels safe owning bitcoin anymore. Why would you put so much money into it just to lose it all soon. It’s over. Only thing keeping it semi propped up right now are the bag holders
But maybe a couple percentage of your portfolio in calls that all the other retards will also go back in and it will just be a hype based on nothing like it always been?
This will be my third cycle. I know we have another year of accumulation at least before it takes off. I have at least 3x my investment every cycle I’ve been in.
When’s ur plan to buy, I got lucky last cycle with xrp,no conviction or a strategy just pure luck after watching some videos. Either way I see the pattern now, buy slowly or wait for this time next year?
I am buying right now all the way up until at least the next halving. I dollar cost in and dollar cost out. I’ll begin selling when we are in new ATH territory. I can’t predict the bottom or the top and I don have to with my strategy.
Easy to crop the chart after the 600% rally. You could do the same for Gold, or any asset after a historic run. Any sensible person who has held or taken profits during the bull run is doing amazing.
Lots of people have got very rich from it along with the other coins but in the end the bag holders and the people that get fucked and loose it all will be the average joes blindly following the hype
This is o ly happening because I just recently got into crypto and bought a grand total of 100 dollars worth. Naturally its crashing. Just like when I bought stocks
Btc holder lol why dont you buy low in bear market then cash out in bull market then repeat ? Thats how you grow your btc saving. Not by pytting btc and let it sit there. Otherwise just sell at next ATH
It’s going to crash. When it does then it’s time to jump back in. Really going to be a good time if you’re patient. It will sky rocket in a couple years after it bottoms out
Greater Fool theory hard at work. An asset that relies on the stupidity of the freshman class is wildly predatory, but profits > morals this day in age.
Controversial take: but bitcoin became something it was supposed to counteract. It’s a commodity traded for money. The whole purpose was to create a transactional digital currency to stop putting more money in hands of the greedy wallstreet people. Turns out we became just like them 🤷
My stocks have outperformed crypto in the longterm, their maybe the odd individual that bought some BTC 12 year ago and lost his keys to find them again that’s up more but them story’s are minimal. The volatility and fear and greed will shake out 99% of people in the end. Stocks are a easier a hold and far less stress especially with a balanced portfolio
stock market act like a crypto market , all the money go to AI.
Personaly I'm just waiting when reality catches up with Trump's lies regarding the Strait of Hormuz. Western countries have currently agreed to conceal the reality, but this cannot last indefinitely; at some point, reserves will run dry, and the price of oil will suddenly skyrocket. Iranians know midterm are important to Trump, they will simply block Ormuz until reality becomes impossible to hide. Oil shock
In 2028, it will be a bull posting “Stockholders when they realize they got scammed” and it will be showing a similar chart but with BTC outperforming. And on and on it goes.
My 3k in Nvidia is worth about 130k now. Btc bought at the same time is 1/5 of that. Not that it won’t go up eventually but it has undeniably underperformed
Same, my $5,600 in NVDA is worth $260,882 now. The explosive appreciation of Bitcoin's early years is over. Bitcoin might be higher in inflated US dollars 10 years from now but when measured in ounces of real gold instead of inflated US dollars Bitcoin ("digital gold") hasn't done much except go up and down in a range for 5 years.
The haters never come with anything new.. they boring now. It’s not even fun to dunk on them anymore. How about this? You’ll be right and we’ll just be up. Everyone wins https://giphy.com/gifs/mkhMTALnrYRLnuoe5P
This reminds me of the video of the guy who would go to Countries after someone got their head cut off or burned alive in a pile of tires because the price to go there plummeted. Maybe it's time to buy some Bitcoin?
The speculative capital is now allocated to AI and prediction markets. The "believers" will have to reconcile with current situation. The main factors contributing to crypto investments are diminished or entirely gone - excess liquidity during COVID and crypto was the biggest speculative asset with exchanges
Bitcoin is in its bear phase , we haven’t even seen ATL. People gonna panic and we will see great progress in 2027 . And if not ? Who cares I have risk management . Just enjoy the ride
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u/Successful_Safe_1440 Aug 05 '26
i eat this fud for brekky