Is bitcoin "unmanipulatable" though? It seems like it gets treated like a stock...big swings up and down. Definitly not stable enough to be used as a currency.
lol. Stay with fiat then, and you can have a stable erosion of your purchasing power at a rate of 15%.On the other hand, have a volatile 200% return every year. Choose wisely. Your future might depend on it.
Try buying $10 worth on Swan. Hold it for a couple years and see how it feels.
It's not currency. It's a digital dollar. It's digital gold. It's trustless like cash but on the internet. It is insanely important and not going anywhere. Fuck the speculative price. Buy 100 dollars worth and don't think of it as a crackhead investment lol. It's real. Trust a fren who has 1/21,000,000th of all total bitcoins to ever exist.
I'm not opposed to bitcoin or cryptocurrency, but I'd like to have a STABLE and PHYSICAL currency to work with first...then dabble in cryptocurrency. Variety is good... but having a consistent and stable currency would be best for the economy.
When an asset class is invented, it has a logarithmic (exponential 'S') adoption curve. BTC will not expand forever, but the opportunity to benefit from it is when you purchase it before the richest people in the world. The reason BTC is such a good opportunity is because the rich cannot control it right now (like they do with Gold) because it is decentralized and the miners are privately owned. This is not to say it won't be in the future. For the next five-ten years, however, BTC will be the dominant financial network because it is non-debt based collateral, which means it is not re-hypothecated fifty times like real estate (Mortgage Backed Securities). Again, it might get there someday, but for now, it is like trading glass beads (dollar) for Gold (BTC).
Is bitcoin "unmanipulatable" though? It seems like it gets treated like a stock...big swings up and down. Definitly not stable enough to be used as a currency.
Most of it is owned by China. Globalists own the other large part. Normies own only a sliver. The globalists and China can crash it at any time.
Not the point. And they can't.
It doesn't matter. It's digital cash. It's trustless
lol. Stay with fiat then, and you can have a stable erosion of your purchasing power at a rate of 15%.On the other hand, have a volatile 200% return every year. Choose wisely. Your future might depend on it. Try buying $10 worth on Swan. Hold it for a couple years and see how it feels.
Does 200% every year sound like currency? Sounds like a wild bet to me.
And you don't have to convince me that the US Dollar is a bad storage of wealth right now
It's not currency. It's a digital dollar. It's digital gold. It's trustless like cash but on the internet. It is insanely important and not going anywhere. Fuck the speculative price. Buy 100 dollars worth and don't think of it as a crackhead investment lol. It's real. Trust a fren who has 1/21,000,000th of all total bitcoins to ever exist.
I'm not opposed to bitcoin or cryptocurrency, but I'd like to have a STABLE and PHYSICAL currency to work with first...then dabble in cryptocurrency. Variety is good... but having a consistent and stable currency would be best for the economy.
When an asset class is invented, it has a logarithmic (exponential 'S') adoption curve. BTC will not expand forever, but the opportunity to benefit from it is when you purchase it before the richest people in the world. The reason BTC is such a good opportunity is because the rich cannot control it right now (like they do with Gold) because it is decentralized and the miners are privately owned. This is not to say it won't be in the future. For the next five-ten years, however, BTC will be the dominant financial network because it is non-debt based collateral, which means it is not re-hypothecated fifty times like real estate (Mortgage Backed Securities). Again, it might get there someday, but for now, it is like trading glass beads (dollar) for Gold (BTC).
Bitcoin ain’t it, yet chief... the trading platforms and other systems added on for convenience make it vulnerable and insecure.
At the same time it’s real vulnerable to pump and dumps. And since it is anonymized there isn’t protections against that manipulation.
Physical assets defended with guns will always be the ultimate unmanipulated resource.
doesn't China easily mine for this? so if we all switched over to it, for example, they would be a biliion times richer than everyone else?
Make "credit cards" for bitcoin and swipe machines and the fed will be in the run for it's life
Unnecessary. QR works better for the covid faggots anyway
its*
Nah. The federal reserve is going to create their own crypto and then we really will be fucked.
You don't get crypto
Sure I do. If you don’t think the Fed is going to eventually create their own and force you to use it then you’re naive.
Nothing else would be better at controlling a population.
Btc isn't even bitcoin