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Posted: 11/18/2020 10:40:47 AM EDT
[Last Edit: captainpooby]
Congrats to all the hodlrs!!!

Gold closed the day, week, month, quarter at an all time of $2251 on 3/29/24 and closed the 1st week of April at a new ATH of $2330. Now at a new high of $2375

With BTC up near ATHs as well it appears that people are waking up to what a mess our betters have put us in. Good luck to all the smart people who saw the damage being done to our fiat system of currency and chose an alternative. Let's all hope that this good fortune doesn't come at too great a cost.

$72k 3/11/24

$70,199 3/8/24

$69,324 3/5/24

68.49 Nov 9

66.99 Oct 20

64.8 Apr 14

63.2k Apr 13

61.7k Mar 13

58.3k Jan 21

57.4k Jan 20z

56.3k Feb 19

52.6k Feb 18

51.7k Feb 17

50k  Feb 16

49.7k Feb 14

48.9k Feb 11

47.4k Feb 8

44.9k Feb 8

43.8k Feb 8

41.6k Jan 8

40.4k Jan 7

36.8 jan 6

34.1k

32.8k Jan 2

31.2k Jan 2nd 2021

Update: Blackrock, the worlds largest asset manager that manages $7 + TRILLION says they are “dabbling” in bitcoin. I don’t know how big a dabble is but a dabble of 7 trillion has got to be a lot.

Update: Elon Musk just tweeted that Tesla will buy $1.5B of bitcoin and begin accepting bitcoin as payment for Tesla cars. Bitcoin soars.

Update: BTC is up 6k in the last week of 2020 first days of 2021.

Update: Bitcoin reaches new ATH over 24k Dec 19 2020. Up 5k in the last week and 8k in the last month.


From 11,400 to 17,900 in the last month. ATH few years ago was about 20k.

I wonder whatever happened to the board member here who cashed out 21,000 bitcoins when it hit a thousand bucks. It’d be worth nearly 400 million now. Yoiks!

link to live crypto prices
Link Posted: 11/24/2020 12:13:22 PM EDT
[#1]
Tether printer still working overtime I see
Link Posted: 11/24/2020 12:15:49 PM EDT
[Last Edit: ARandomClaymore] [#2]
HODL

Something about the 6,,000 XLM I bought at $.026 back in March is tasting sweet right now!
Link Posted: 11/24/2020 12:21:02 PM EDT
[#3]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By ARandomClaymore:
HODL

Something about the 6,,000 XLM I bought at $.026 back in March is tasting sweet right now!
View Quote


Link Posted: 11/24/2020 12:25:38 PM EDT
[#4]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Mr_Psmith:


In all seriousness -- and I know you all know this, but I am posting for the thread readers -- those types of ultra high value keys are protected by one or more of

a) multisignature
b) Hardware security modules
c) ???
View Quote


Their holdings are bigger than mine, and I protect mine across 3 linux SBCs in 3 different locations with multisig. 100% offline, only communication in or out is via the serial header at 9600bps.
Link Posted: 11/24/2020 12:32:15 PM EDT
[#5]
I bought a bunch of LINK a couple of years back for like .20 - .30. I'm extremely happy with that investment.
Link Posted: 11/24/2020 12:33:31 PM EDT
[Last Edit: imjaredandstuff] [#6]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By woodsie:


Binance is a Chinese company based in Malta.  Getting out of there and getting into Coinbase is a good call as they are a U.S. based company.

I'm a strong believer in having a throat that I can physically go choke in the event of shenanigans.  I'm sure plenty of former Mt. Gox users would
View Quote
Is Binance.us not based in the US? I was under the impression it was....
Link Posted: 11/24/2020 12:35:42 PM EDT
[#7]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By woodsie:


Binance is a Chinese company based in Malta.  Getting out of there and getting into Coinbase is a good call as they are a U.S. based company.

I'm a strong believer in having a throat that I can physically go choke in the event of shenanigans.  I'm sure plenty of former Mt. Gox users would agree.

View Quote



Technically, if you ever had more than $10k value in your Binance account at any given time you would be required to file a FBAR report each year with your account info to the IRS, big penalties for not doing so
Link Posted: 11/24/2020 12:35:49 PM EDT
[#8]
ITS LAMBO TIME BOYS
Link Posted: 11/24/2020 12:36:02 PM EDT
[#9]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By mb300sd:


Their holdings are bigger than mine, and I protect mine across 3 linux SBCs in 3 different locations with multisig. 100% offline, only communication in or out is via the serial header at 9600bps.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By mb300sd:
Originally Posted By Mr_Psmith:


In all seriousness -- and I know you all know this, but I am posting for the thread readers -- those types of ultra high value keys are protected by one or more of

a) multisignature
b) Hardware security modules
c) ???


Their holdings are bigger than mine, and I protect mine across 3 linux SBCs in 3 different locations with multisig. 100% offline, only communication in or out is via the serial header at 9600bps.


Very nice. Which multisig library / software are you using?
Link Posted: 11/24/2020 12:39:58 PM EDT
[#10]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By goneshootin:
I bought a bunch of LINK a couple of years back for like .20 - .30. I'm extremely happy with that investment.
View Quote



Mad props and congrats, man! I bought in back in March for about $1.25 I think. I'm pleased as well.
Link Posted: 11/24/2020 12:48:06 PM EDT
[Last Edit: ________] [#11]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By woodsie:
The guy in charge of protecting [GBTC's] private key must be shitting diamonds from the pressure.  
View Quote View All Quotes
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Discussion ForumsJump to Quoted PostQuote History
Originally Posted By woodsie:
The guy in charge of protecting [GBTC's] private key must be shitting diamonds from the pressure.  

Someone posted the key security policy for another of the big companies, I think it was Liquid.  It was something like a five-of-nine multisig, OR either one of two timelocked failsafe superkeys that couldn't move the BTC until about two years had passed.  They move the BTC to new similarly-generated addresses periodically so those failsafe superkeys are not immediately useful to any individuals. They don't keep all of their hoard on a single address, either.

If a major disaster kills five board members all at once, or if they get into a massive infighting situation, the company can continue to fund itself with the failsafes.  Otherwise it takes agreement among a large number of people to move anything.

I wish I had enough to make that necessary.

Originally Posted By dog-meat:
He has it in a Post it note stuck to his monitor.

I'm sure they keep it somewhere safe like MtGox or QuadrigaCX.

I love your avatar, BTW.

Originally Posted By Mr_Psmith:
In all seriousness -- and I know you all know this, but I am posting for the thread readers -- those types of ultra high value keys are protected by one or more of

a) multisignature
b) Hardware security modules
c) ???

c) a pack of hungry pitbulls
Link Posted: 11/24/2020 12:58:17 PM EDT
[#13]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By BlackTuono:
Tether printer still working overtime I see
View Quote


No. Grayscale and either PayPal or Square are buying ALL newly minted Bitcoins. Demand > supply.
Link Posted: 11/24/2020 1:01:14 PM EDT
[#14]
Damn I got over 30k of xrp in need to get back in the exchange. Bitstamp your customer service sux .
Link Posted: 11/24/2020 1:06:41 PM EDT
[#15]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Caeser2001:


No. Grayscale and either PayPal or Square are buying ALL newly minted Bitcoins. Demand > supply.
View Quote


Seems to me the Tether injection was running strong before those operations started up. We'll see how long they stick with it, it's an easy corporate decision if the price is always going up.
Link Posted: 11/24/2020 1:12:10 PM EDT
[#16]
Discussion ForumsJump to Quoted PostQuote History


It’s just price discovery, like an IPO. Eventually the volatility will subside, albeit, at a much higher price when Bitcoin matches Gold’s market cap.
Link Posted: 11/24/2020 1:12:30 PM EDT
[#17]
Paging @Josh to the crypto courtesy phone. Is Chainlink still a "fly by night bullshit scamcoin?"


Attachment Attached File



Attachment Attached File

Link Posted: 11/24/2020 1:13:19 PM EDT
[#18]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By BlackTuono:


Seems to me the Tether injection was running strong before those operations started up. We'll see how long they stick with it, it's an easy corporate decision if the price is always going up.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By BlackTuono:
Originally Posted By Caeser2001:


No. Grayscale and either PayPal or Square are buying ALL newly minted Bitcoins. Demand > supply.


Seems to me the Tether injection was running strong before those operations started up. We'll see how long they stick with it, it's an easy corporate decision if the price is always going up.


Grayscale has been buying 85% of all newly minted Bitcoins for well over a year now.
Link Posted: 11/24/2020 1:22:26 PM EDT
[#19]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By DefconFrat:
Paging @Josh to the crypto courtesy phone. Is Chainlink still a "fly by night bullshit scamcoin?"


https://www.AR15.Com/media/mediaFiles/446708/Screen_Shot_2020-11-24_at_12_08_46_png-1699609.JPG


https://www.AR15.Com/media/mediaFiles/446708/Screen_Shot_2020-11-24_at_12_12_02_png-1699612.JPG
View Quote


Had I followed Joshs advice I would have thousands less right now.

Link Posted: 11/24/2020 1:25:56 PM EDT
[#20]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Caeser2001:


Grayscale has been buying 85% of all newly minted Bitcoins for well over a year now.
View Quote



Supposedly PayPal is buying 70% as well. So massive supply shock incoming.

(Yes I understand that math does not add up)
Link Posted: 11/24/2020 1:27:38 PM EDT
[#21]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By DefconFrat:
Paging @Josh to the crypto courtesy phone. Is Chainlink still a "fly by night bullshit scamcoin?"


https://www.AR15.Com/media/mediaFiles/446708/Screen_Shot_2020-11-24_at_12_08_46_png-1699609.JPG


https://www.AR15.Com/media/mediaFiles/446708/Screen_Shot_2020-11-24_at_12_12_02_png-1699612.JPG
View Quote


I dont care if it is a scam or not as long as other people don't think it's a scam.  My crypto investing strategy is betting on FOMO.

Link Posted: 11/24/2020 1:28:18 PM EDT
[#22]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Caeser2001:


It’s just price discovery, like an IPO. Eventually the volatility will subside, albeit, at a much higher price when Bitcoin matches Gold’s market cap.
View Quote


A $1B seizure isnt really price discovery....
Link Posted: 11/24/2020 1:29:23 PM EDT
[#23]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By burnka871:



Supposedly PayPal is buying 70% as well. So massive supply shock incoming.

(Yes I understand that math does not add up)
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By burnka871:
Originally Posted By Caeser2001:


Grayscale has been buying 85% of all newly minted Bitcoins for well over a year now.



Supposedly PayPal is buying 70% as well. So massive supply shock incoming.

(Yes I understand that math does not add up)


Sure it does.  It just means that newly minted coins aren't keeping up and they are having to pull from existing ones already out in the wild.

Supply shock indeed.  My body is ready.

Link Posted: 11/24/2020 1:29:50 PM EDT
[#24]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Knife_Sniper:


Had I followed Joshs advice I would have thousands less right now.

View Quote
I would have tens of thousands less right now had I followed his advice.

But he's been coding since before Bitcoin was created, so what do we know.
Link Posted: 11/24/2020 1:32:08 PM EDT
[#25]
Gamestop is back over $14!   This is where the action is.
Link Posted: 11/24/2020 1:35:04 PM EDT
[#26]
I got into Dogecoin early. Just sitting here patiently waiting.
Link Posted: 11/24/2020 1:36:49 PM EDT
[#27]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By DefconFrat:
Paging @Josh to the crypto courtesy phone. Is Chainlink still a "fly by night bullshit scamcoin?"


https://www.AR15.Com/media/mediaFiles/446708/Screen_Shot_2020-11-24_at_12_08_46_png-1699609.JPG


https://www.AR15.Com/media/mediaFiles/446708/Screen_Shot_2020-11-24_at_12_12_02_png-1699612.JPG
View Quote


LINK has been the best crypto investment I ever made. Probably the best overall investment I ever made based on growth. I few thousand bucks a couple years ago is now worth 6 figures and growing.
Link Posted: 11/24/2020 1:42:46 PM EDT
[#28]
I don’t understand cyber currency.  Doesn’t claims of comparing its perceived value to real currency kind of defeat the purpose?
Link Posted: 11/24/2020 1:43:20 PM EDT
[#29]
Thanks to an ARFCOM mining thread, I bought my first Bitcoin for $800. I was disappointed for a while, but not any longer.

BTC will break $100,000 by the end of 2021, and $1 million 4 years later.




Link Posted: 11/24/2020 1:45:43 PM EDT
[#30]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Johnny_Rebo:
I got into Dogecoin early. Just sitting here patiently waiting.
View Quote


Only crypto to sponsor a NASCAR driver FTW

https://www.theguardian.com/technology/2014/mar/27/nascar-dogecoin-sponsor-josh-wise-talladega-superspeedway
Link Posted: 11/24/2020 1:56:43 PM EDT
[Last Edit: Knife_Sniper] [#31]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By JimEb:
I don’t understand cyber currency.  Doesn’t claims of comparing its perceived value to real currency kind of defeat the purpose?
View Quote


We do that for now... But in the future will we?

Important points to consider:

Programmable money

Truly scarce

Digitization of asset ownership through tokenized stocks, bonds, land, property, etc which has a traceable proof of ownership

Banking without a bank meaning: I can borrow, lend, acrue interest, and use escrow without ever stepping foot in a bank and do so without permission.

When Eth2.0 launches and if eth is successful there will be no need for traditional banks and brokerages as we will take ownership of all functions of a bank and brokerage in our digital wallets through a smart contract marketplace.

Where we are going is going to frighten people, anger politicians, and flip certain cornerstone establishments on their heads.

Do not be left behind.
Link Posted: 11/24/2020 1:59:01 PM EDT
[#32]
Which exchange(s) would you guys recommend for Snow Mexicans?

Which crypto 101 type tutorials would you recommend for people looking to get into cryptocurrencies?

Thanks
Link Posted: 11/24/2020 2:01:40 PM EDT
[Last Edit: Neotopiaman] [#33]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Mazeman:
Thanks to an ARFCOM mining thread, I bought my first Bitcoin for $800. I was disappointed for a while, but not any longer.

BTC will break $100,000 by the end of 2021, and $1 million 4 years later.

https://www.AR15.Com/media/mediaFiles/84918/BTC3StockToFlow-1699653.png


View Quote


lol


That would mean bitcoin would be worth ~$18 trillion.

The GDP of the entire world is ~$80 trillion.

People who make these fantasy predictions don't seem to factor in economic context.
Link Posted: 11/24/2020 2:08:22 PM EDT
[Last Edit: captainpooby] [#34]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Neotopiaman:


lol


That would mean bitcoin would be worth ~$18 trillion.

The GDP of the entire world is ~$80 trillion.

People who make these fantasy predictions don't seem to factor in economic context.
View Quote



How much currency and how much debt is there?

ETA:

80 trillion dollars in cash and 188 trillion in debt.
Link Posted: 11/24/2020 2:16:18 PM EDT
[#35]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Mazeman:
Thanks to an ARFCOM mining thread, I bought my first Bitcoin for $800. I was disappointed for a while, but not any longer.

BTC will break $100,000 by the end of 2021, and $1 million 4 years later.

https://www.AR15.Com/media/mediaFiles/84918/BTC3StockToFlow-1699653.png


View Quote
Nice logarithmic scale.

Btc won't keep following that level of growth.
Link Posted: 11/24/2020 2:18:01 PM EDT
[#36]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Neotopiaman:


lol


That would mean bitcoin would be worth ~$18 trillion.

The GDP of the entire world is ~$80 trillion.

People who make these fantasy predictions don't seem to factor in economic context.
View Quote
Yep. Can't keep outpacing the inflation rate forever.
Link Posted: 11/24/2020 2:19:03 PM EDT
[#37]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By jaqufrost:
Nice logarithmic scale.

Btc won't keep following that level of growth.
View Quote



People have been saying that since the beginning. Not saying you’re wrong, just pointing it out.
Link Posted: 11/24/2020 2:20:28 PM EDT
[#38]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By madmacs69:


A $1B seizure isnt really price discovery....
View Quote View All Quotes
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Discussion ForumsJump to Quoted PostQuote History
Originally Posted By madmacs69:
Originally Posted By Caeser2001:


It’s just price discovery, like an IPO. Eventually the volatility will subside, albeit, at a much higher price when Bitcoin matches Gold’s market cap.


A $1B seizure isnt really price discovery....


That’s like blaming the US Dollar because drug cartels accept cash

Link Posted: 11/24/2020 2:22:25 PM EDT
[#39]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By captainpooby:



How much currency and how much debt is there?

ETA:

80 trillion dollars in cash and 188 trillion in debt.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By captainpooby:
Originally Posted By Neotopiaman:


lol


That would mean bitcoin would be worth ~$18 trillion.

The GDP of the entire world is ~$80 trillion.

People who make these fantasy predictions don't seem to factor in economic context.



How much currency and how much debt is there?

ETA:

80 trillion dollars in cash and 188 trillion in debt.


Those two numbers overlap

one person's liability is another's asset.
Link Posted: 11/24/2020 2:22:28 PM EDT
[#40]
We're not in bubble territory yet.

So far no one who criticized my BTC purchases throughout the years has called to ask how it can be bought.
Link Posted: 11/24/2020 2:22:31 PM EDT
[#41]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By captainpooby:



People have been saying that since the beginning. Not saying you're wrong, just pointing it out.
View Quote
There are some real limits as you start approaching the combined wealth of the world.  Thinking bitcoin will continue massive exponential growth beyond that is stupid.
Link Posted: 11/24/2020 2:48:46 PM EDT
[#42]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Kampster:
We're not in bubble territory yet.

So far no one who criticized my BTC purchases throughout the years has called to ask how it can be bought.
View Quote View All Quotes
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Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Kampster:
We're not in bubble territory yet.

So far no one who criticized my BTC purchases throughout the years has called to ask how it can be bought.


Agreed.

Originally Posted By jaqufrost:
Originally Posted By captainpooby:



People have been saying that since the beginning. Not saying you're wrong, just pointing it out.
There are some real limits as you start approaching the combined wealth of the world.  Thinking bitcoin will continue massive exponential growth beyond that is stupid.


Agreed.

Approaching the market cap of gold isn’t out of reality, which puts it at roughly 600k.

Beyond that is anyone’s guess.

Money Printer Go Brrr (the original!)
Link Posted: 11/24/2020 2:52:37 PM EDT
[Last Edit: crashburnrepeat] [#43]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Mazeman:
Thanks to an ARFCOM mining thread, I bought my first Bitcoin for $800. I was disappointed for a while, but not any longer.

BTC will break $100,000 by the end of 2021, and $1 million 4 years later.

https://www.AR15.Com/media/mediaFiles/84918/BTC3StockToFlow-1699653.png


View Quote



That would be awesome, but I kinda doubt if.

I wonder if bitcoin at this point is almost more of a collectible.  There are technologically better coins now but btc keeps churning
Link Posted: 11/24/2020 3:06:35 PM EDT
[#44]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By crashburnrepeat:



That would be awesome, but I kinda doubt if.

I wonder if bitcoin at this point is almost more of a collectible.  There are technologically better coins now but btc keeps churning
View Quote


It has the longest most secure network, thats a big part to its value as a public ledger.
Link Posted: 11/24/2020 3:35:18 PM EDT
[Last Edit: ________] [#45]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By SBR_Slut:
Which exchange(s) would you guys recommend for Snow Mexicans?

Which crypto 101 type tutorials would you recommend for people looking to get into cryptocurrencies?

Thanks
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By SBR_Slut:
Which exchange(s) would you guys recommend for Snow Mexicans?

Which crypto 101 type tutorials would you recommend for people looking to get into cryptocurrencies?

Thanks

Hello fellow third-worlder.  I don't know the Canadian exchanges to answer your first question, but as for the rest:

Andreas Antonopoulos's book "Mastering Bitcoin" may be a good starter.  MB gets into unnecessary technical details if you're not programming things, though.

Pamela Morgan's "Cryptoasset Inheritance Planning" is mostly about how to safely store it so it doesn't get lost, not about legal issues.

Never leave your BTC on an exchange, move it to an address in a wallet you control.  Ledger and Trezor are the two biggest hardware wallets, ColdCard looks interesting too.  You can make your own Trezor out of a Raspberry Pi (but with the wallet data on a SD card, which isn't secure unless you encrypt it and be damn sure to back it up).  You can also use Electrum as a software wallet, do it on an airgapped computer and move the transactions to another internet-connected computer to send them when you want to.  Electrum comes preinstalled on the current TAILS Linux distribution.

Originally Posted By Neotopiaman:
lol

That would mean bitcoin would be worth ~$18 trillion.

The GDP of the entire world is ~$80 trillion.

People who make these fantasy predictions don't seem to factor in economic context.

Funny how gold manages to have a market cap of about ~$8 trillion even though hardly anyone ever uses gold coins any more.  Something like half of it just sits around as jewelry and a lot of the rest ends up as commemorative coins, such as this spiffy one which is currently worth about US$19,300,000:

Link Posted: 11/24/2020 3:44:40 PM EDT
[#46]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By captainpooby:



People have been saying that since the beginning. Not saying you’re wrong, just pointing it out.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By captainpooby:
Originally Posted By jaqufrost:
Nice logarithmic scale.

Btc won't keep following that level of growth.



People have been saying that since the beginning. Not saying you’re wrong, just pointing it out.


The rate of growth has been declining since the beginning.   Hard to say when it finally plateaus out but I suspect we are many years away from finding out.  The climb to a million could get slower and slower the closer we get.

I still think we've got one hell of a bubble up ahead of us though.  I'll worry about a million later.  Let's talk about $100k!

I remember when $10k was a wild dream.
Link Posted: 11/24/2020 4:28:43 PM EDT
[#47]
At LeAst yOu cAn EaT gOLd!!!!


Link Posted: 11/24/2020 5:48:20 PM EDT
[Last Edit: Mazeman] [#48]
Interesting and trippy BTC discussion with Max Keiser and Sean Ono Lennon:

Orange Pilled in Paris with Sean Lennon

Link Posted: 11/24/2020 6:20:17 PM EDT
[#49]
The only issue I have with bitcoin is I don't really see it as all the different from land.

We aren't really getting anymore of either which both are a hedge against inflation.  Both are a commodity that can rise and fall in value.

The difference is I can use land to create wealth. It could be something simple like farming on it, renting it out, or building on it.

Bitcoin will eventually reach an equilibrium with inflation.  I do see bitcoin slowly gaining over time as governments continue to print and inflate.  I just don't see the hysteria/volatility being attractive, especially at this point. If interest rates climb back up and people start jumping into bonds/treasuries, I see bitcoin falling...
Link Posted: 11/24/2020 7:28:39 PM EDT
[#50]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By jaqufrost:
There are some real limits as you start approaching the combined wealth of the world.  Thinking bitcoin will continue massive exponential growth beyond that is stupid.
View Quote

Disco Stu - If these trends continue...
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