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Bitcoin Explained in plain english

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Old 06-12-2022, 03:38 PM
MorTech MorTech is offline
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Default Bitcoin Explained in plain english
precisely...

https://www.youtube.com/watch?v=kpJ7xIQZ34k

Why the parasites don't like Bitcoin.
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Old 06-12-2022, 07:58 PM
DylanTodd DylanTodd is offline
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To further support the video the OP put up, watch this one from the 10 min mark to learn just how much bitcoin you need to carry as your hedge against inflation.

https://www.youtube.com/watch?v=JfGc...9FWVJfPuGr-E-4

MorTech, are you already part of our Villages Crypto Club? If not reach out to me at dylanwaynetodd@gmail.com.

Cheers,

Dylan
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Old 06-12-2022, 08:09 PM
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The Emperor's New Clothes. Hans Christian Andersen : The Emperor's New Clothes
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Old 06-13-2022, 05:25 AM
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I have never bought any bitcoins, and this thread has not changed my mind about them.
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Old 06-13-2022, 05:26 AM
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Bitcoin had a bad weekend. Down to 24,000 today
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Old 06-13-2022, 05:48 AM
MorTech MorTech is offline
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I am not a joiner

Trying to discuss "What is Money" with people is like trying to discuss with a 5 year old why cookies are bad for you.

I predict the Russian Ruble will be 1:1 with the USD within 2 years
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Old 06-13-2022, 06:32 AM
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Bitcoin is a Ponzi scheme. Too volatile to serve as a medium of exchange or store of value. A solution in search of problem that wastes enormous amounts of electricity to solve mathematical puzzles. Will eventually settle at its intrinsic value - 0.
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Old 06-13-2022, 08:49 AM
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If that’s plain English then I need to brush up on my English skills.
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Old 06-14-2022, 04:49 AM
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Default Eddy, no rasputin lives
Quote:
Originally Posted by mortech View Post
i am not a joiner

trying to discuss "what is money" with people is like trying to discuss with a 5 year old why cookies are bad for you.

I predict the russian ruble will be 1:1 with the usd within 2 years
look in the ball. I need the dates
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Old 06-14-2022, 05:10 AM
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Quote:
Originally Posted by dylantodd View Post
to further support the video the op put up, watch this one from the 10 min mark to learn just how much bitcoin you need to carry as your hedge against inflation.

https://www.youtube.com/watch?v=jfgc...9fwvjfpugr-e-4

mortech, are you already part of our villages crypto club? If not reach out to me at dylanwaynetodd@gmail.com.

Cheers,

dylan
wheres the chapter on world domination
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Old 06-14-2022, 05:18 AM
jdulej jdulej is offline
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Quote:
Originally Posted by DylanTodd View Post
To further support the video the OP put up, watch this one from the 10 min mark to learn just how much bitcoin you need to carry as your hedge against inflation.

https://www.youtube.com/watch?v=JfGc...9FWVJfPuGr-E-4

MorTech, are you already part of our Villages Crypto Club? If not reach out to me at dylanwaynetodd@gmail.com.

Cheers,

Dylan
How's that hedge working out right now?
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Old 06-14-2022, 07:15 AM
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Quote:
Originally Posted by MorTech View Post
precisely...

https://www.youtube.com/watch?v=kpJ7xIQZ34k

Why the parasites don't like Bitcoin.
Very interesting talk and concepts. I understand what he's saying, but I guess I'm old fashioned enough to prefer owning something with intrinsic value of some kind.
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Old 06-14-2022, 08:19 AM
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kbace6 kbace6 is offline
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Default Financial Sovereignty
Quote:
Originally Posted by DylanTodd View Post
To further support the video the OP put up, watch this one from the 10 min mark to learn just how much bitcoin you need to carry as your hedge against inflation.

https://www.youtube.com/watch?v=JfGc...9FWVJfPuGr-E-4

MorTech, are you already part of our Villages Crypto Club? If not reach out to me at dylanwaynetodd@gmail.com.

Cheers,

Dylan
Bitcoin can be explained in 2 words. "Financial Sovereignty" It is really no more complicated than that.
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Old 06-14-2022, 08:32 AM
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Quote:
Originally Posted by Caymus View Post
Bitcoin had a bad weekend. Down to 24,000 today
Ultimately I expect it to go down to near $3,850 sometime early next year which was the COVID low before all the money printing accelerated everything. After that, it will take about a year or so to get back to its ATH again.

I do think it is a near certainty that it goes below $10k. But I do expect it will go down below $5k.
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Old 06-14-2022, 09:36 AM
Fastskiguy Fastskiguy is offline
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Quote:
Originally Posted by kbace6 View Post
Ultimately I expect it to go down to near $3,850 sometime early next year which was the COVID low before all the money printing accelerated everything. After that, it will take about a year or so to get back to its ATH again.

I do think it is a near certainty that it goes below $10k. But I do expect it will go down below $5k.
That is a bold call, it'll be interesting to see if it happens. I might just save up some $$ and start buying if it falls below $10K or so.

Joe
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