Uhh bitchuds? people are starting to wake up to our scam... who am i supposed to dump on now

Gold is the original fun money. It has no "tangible value" outside of extremely niche use cases. Bitcoin is the truest successor it can have. These niggas need to read a book every once in a while.

A gathering of the greatest minds r*ddit has to offer.

Bitcoin is the truest successor it can have.

Its kinda the same idea as printing out 21 million trading cards and telling people that there will only be 21 million of these limited edition trading cards. The only difference is, trading cards are nice to hold and look at.

I hold bitcoin speculation in my hand aka I have nothing but air and dirt.

Yeah but that's exactly what gold is. Gold has value because people simply agreed it had value 2,000 years ago. It was scarce and pretty and could be molded into coins. BTC is just a digitized version of it that.
The whole "no intrinsic value" meme is the biggest midwit trap I've ever seen.

Gold is the original fun money.

But it can be worn as a status symbol as well. It can also be verified since jewelers, precious metal companies, and stores have machines that can verify the composition of fake vs real gold. You can also find gold at sales, liquidations, pawn shops, auction houses, etc if you know where to look, since people are sometimes not that smart when selling their old things. This means gold can be passed down, at any point (even when death is unexpected), to anyone without the need for passwords.

Gold (or any physical asset) takes into account that people lose things and are prone to making stupid decisions, but gold can still be rediscovered with practically no effort by an average guy at an antique garage sale.

Bitcoin is biting itself in the ass thinking that people are so intelligent that they can safely store btc without making poor decisions.

At least btc is optimistic, but overall, its cost is kinda unrealistic given the nature of humanity to lose things very easily.

Its not even true that "there will on ever be 21 million BTC". Thats a lie laser eyes faggots tell everyone. Consensus could increase the bitcoin supply to whatever number is deemed more adaquate.
The whole "scarcity" bullshit narrative was invented by late normies larping as bitcoiners.
For bitcoin to work it simply has to be hard ENOUGH to mine.
It was never supposed to be a "store of value" and never will be, so the entire argument between these retarded buttcoiners and laser eye michael saylor type idiots is pointless and off topic anyway.

This guy never understood bitcoin or money to begin with.

Bitcoin has value as money, its doesn't need some additional, secondary value. Its like saying a car is overpriced because its scrap value is less that its value as a car.

Fiat isn't technically "backed" either, If its "backed" because a government promotes its usage and is supposed to prevent it from being inflated to some degree. Bitcoin has the same thing, its "backed" by code that protects the integrity of the supply, and is promoted by the economy of people who use bitcoin as a store of value.

Criticizing the mining distribution or track record vs gold are more legit arguments, but don't fundamentally refute the value of bitcoin. People still buy bitcoin because of supply and demand, they trust bitcoin more than other stores of value regardless of whether the mining distribution could be better or that bitcoin has only been around for about 15 years vs thousands of years. Probably because you can trust bitcoin mathematically, vs people don't know how much gold china secretly stockpiles for example, and people don't trust governments not to print fiat.

It took me around 10 years to get totally disillusioned with crypto, and especially the king shitcoin that is bitcoin.
First bought in 2011 when BTC was less than a dollar each, and sold my last BTC in the 2021 bubble. Still have some pocket change ETH but never use it anymore. I've seen many others reach the same realization as me, although the timeline can vary, some quicker, some slower.

If we posit that this is something that many crypto users will go through, but that most people in crypto these days either entered in the 2018 or 2021 bubbles and thus haven't had time to realize it (including whales like Saylor and Fink), then we might be in for the biggest, longest bear market in crypto history towards the end of the 2020s and onward. Perhaps so large that crypto will never recover and fall into relative obscurity.

No need to consider how legacy media and tradfi tried their hardest to convince everyone bitcoin was a retarded scam that was going to zero for like 14 years. Hardly worth mentioning when at the end of the day, the type of faggots that post on r*ddit simply want to conform to the will of the percieved authority and they only need the slightest whiff of plausibility to facilitate that.

Easier to steal, destroy, or misplace a trading card. More difficult to assess the value of a trading card and transport it securely. The blockchain is a utility.

Probably because you can trust bitcoin mathematically

No one I know who owns bitcoin even care about math or tech. They are all literally retarded cultist type mental gymnastics salespeople pretending that they even care about decentralization (despite btc mining concentrated to the very few who can actually afford to mine them these days).

Those people probably don't have a lot though. Its the people who have multiple whole bitcoin or in the 21 club or have hundreds of bitcoin who have added 100-1000+ times more value than the random guy who just bought $100 or $1000 worth trying to chase a pump. The people who seriously contribute to bitcoin's value understand the underlying value as an alternative money and not just speculative gambling or as a payment system.

Easier to steal, destroy, or misplace a trading card.

And owning btc or crypto won't do the same thing? Idiot. Cards are literally nice to show off even to the most low iq of people. If people would rather buy designer items than pay rent or taxes, that should tell you a lot about humanity in general. We literally care about what makes us look better than the other guy.

There are alot of ways to make money but crypto is just for lazy people who can mine them and pitch it to other greedy people like themselves. It's promised as a zero effort game in the long run. That's why crypto is pitched around so hard, but it has nothing to do with wanting decentralization. It's easy money without proper regulation for people who can make coins but don't want to put in the effort to learn anything about running a business.

The people who seriously contribute to bitcoin's value understand the underlying value as an alternative money and not just speculative gambling or as a payment system.

I'm pretty sure even snailposting guy is running on hopium and not actually being a smart investor.

Why is there no daily bitcoin general dscussion? Are they just that aware that there are huge downsides to btc or what? Even xmr has a general and opens itself up to discussion, and they're not even listed on a majority of crypto sites.

AI reply

Why is there no daily bitcoin general dscussion?

the whole board is a bitcoin general bro

All of that stuff is ChatGPT

gold could be used as a medium for trade...that's why it was useful as a currency. the price volatility of bitcoin and its poor gas prices and speed limits make it impossible to use as a currency in any serious way. which is why its mostly used for black market purchases where speed and gas price arent as big of a deal.

bitcoin has turned into a pyramid scheme. you buy bitcoin hoping it will go up, and so does the person you bought it from, and the person you're selling to. its propped up by its prospect of increasing in value, of which its not even serving as a utility aside from the black market. its a joke

people set up high tech machines in cheap energy regions and invest millions of dollars because of “muh suckers”

every Reddit post in the history of Reddit reads like it was made by AI

There's nothing stopping bitcoin from being a medium of exchange. It's currently in a multi-decade price discovery phase so the volatility makes it impractical but that will eventually change. Gold's value and scarcity also went through periods of volatility in history and it fucked up economies because of it.

is this guy selling all his btc or giving them away? if he believe they have no value, i mean

bitcoin

gas

people who think bitcoin will even 5x from here are reyarded. Do you think national governments will allow it? Have you never heard of CBDCs? Do you think institutions will just allow their power to demish?

gold: literally created by God
bitchcoin: some computer code created by man

it doesn't take a genius to figure out which one is worth holding and which one should be dumped ASAP while you still can

miners are a business. they create bitchcoins and then sell them. the revenue from this minus the costs of operating a zillion miners should hopefully be profit. that doesn't mean bitchcoins have some inherent value. it just means there are currently some suckers who will pay for them. this pool of suckers could easily dry up, and it will, like digital tulips.

Bitcoin was designed not to give a fuck about governments.

Gold wasn't "created" as designed for use of money, man chose to implement money with gold because of gold's properties that make it good for money. Bitcoin has similar properties but even better.

all the top wallets are owned by mega corps

yeah about that...

CBDCs will just wind up being hacked. If anything we will just see bitcoin climb to 10 million and beyond while every other investing asset dump over the next 20-30 years. Stocks are going to deflate as inflation and lack of skilled labor destroy big companies. Real estate will be crashing against btc as energy generation is more valuable then overbuilt cities. Banks and financial institutions will go bust over time to being compromised by terrible IT. Globalism died in the 90s and monero will be the fiat of the future.

owned by mega corps

Huh? Are you talking about how the top wallets are exchanges? Because very view "mega corps" have direct ownership of bitcoin on their balance sheet yet. And if you even think that will happen, but its bad, you are already conceding like 100x returns on bitcoin by the time they've bought it all up.

Gold literally exist like every other rock, metal and natural resources
It was retarded humans who saw it and was like damn this shit can be made scarce and turned into money somehow

I wonder what how anyone holding altcoins should feel then anon?
who wants my stack of ethereum, link and filecoin bags?

He has no clue what he's talking about
No other asset class has a more balanced holder distribution than Bitcoin
Governments control gold, silver etc
Institutions control stocks
Banks control money
Nobody controls Bitcoin

CBDCs should be a dead topic already if we're being serious

I'll take all your FIL and delegate it on parasail, can't think of a better use for it than that

I am surprised r/buttcoin still exists. I remember circle jerking about how intelligent they were dunking on fake internet scam money back in 2013.

It's literally an hub for retards
Low IQ takes all round

on your mom's chest nigger

Selling it for bitcoin sounds like a much better use to me
You keep losing money holding different altcoins but never learn

Shitting on reddit as a biz used is crazy

The game they're playing can literally be played forever, because fiat addicts have extremely small time horizons. If BTC hit 500k, then dropped to 300k, they'd be fellating each other about how some people were actually foolish enough to buy this silly internet money. It would be completely irrelevant to them that 300k was an unthinkable price a few years ago as pay 2500 USD for groceries for the week.

Only if you're stupid enough to be over exposed and hold everything
You could literally earn reward on FIL for doing nothing while bagging sail points alongside

IDGAF about the tech I only want to make money