[dadspet]

What makes you think that buying something that doesn't exist or you can feel or touch is a really good idea? How air is increasing in such a phenomenal rate is beyond my wild imagination. But then wait a minute, don't take advice from somebody who still wears suspenders because they can't see their hips anymore.

[Aces4]

Originally Posted by dadspet

What makes you think that buying something that doesn't exist or you can feel or touch is a really good idea? How air is increasing in such a phenomenal rate is beyond my wild imagination. But then wait a minute, don't take advice from somebody who still wears suspenders because they can't see their hips anymore.

Now are you talking about the stock market or Bitcoin?

[dougjb]

So....I was thinking. I have a few tulip bulbs. I am willing to sell one or two.

What's your bid for one?

[ithos]

Before Ethereum’s switch (pre-2022): All crypto mining likely used ~1.5–2.5% of U.S. electricity.

Now (2023–2024): With Ethereum off proof-of-work, Bitcoin makes up ~90–95%+ of crypto mining electricity use. So the total for all crypto mining is still roughly the same range as Bitcoin alone — 0.6% to 2.3% of U.S. electricity generation.

BTC is a giant parasite that provides absolutely no benefit in enhancing productivity or prosperity. What happens when the last BTC is mined? Then comes the massive fees that will be tacked on to every transaction. Or will the the miners go away and transactions will be on the lightning network, virtually eliminating all of the benefits and security of mining?

[Normal]

Originally Posted by ithos

Before Ethereum’s switch (pre-2022): All crypto mining likely used ~1.5–2.5% of U.S. electricity.

Now (2023–2024): With Ethereum off proof-of-work, Bitcoin makes up ~90–95%+ of crypto mining electricity use. So the total for all crypto mining is still roughly the same range as Bitcoin alone — 0.6% to 2.3% of U.S. electricity generation.

BTC is a giant parasite that provides absolutely no benefit in enhancing productivity or prosperity. What happens when the last BTC is mined? Then comes the massive fees that will be tacked on to every transaction. Or will the the miners go away and transactions will be on the lightning network, virtually eliminating all of the benefits and security of mining?

What happens when we have faster computers that can hack any block chain in nanoseconds? In 20 years, people will be laughing.

[Aces4]

Originally Posted by CoachKandSportsguy

The human brain is amazing. It functions 24/7 from the day we we’re born and only stops when you’re trading crypto.

Said the persons who missed the boat. Don't feel bad, we didn't get any either.

[Aces4]

Originally Posted by ithos

Before Ethereum’s switch (pre-2022): All crypto mining likely used ~1.5–2.5% of U.S. electricity.

Now (2023–2024): With Ethereum off proof-of-work, Bitcoin makes up ~90–95%+ of crypto mining electricity use. So the total for all crypto mining is still roughly the same range as Bitcoin alone — 0.6% to 2.3% of U.S. electricity generation.

BTC is a giant parasite that provides absolutely no benefit in enhancing productivity or prosperity. What happens when the last BTC is mined? Then comes the massive fees that will be tacked on to every transaction. Or will the the miners go away and transactions will be on the lightning network, virtually eliminating all of the benefits and security of mining?

Just the same as the dollar and coinage, right? Look at the cost of operating the US Treasurer and the printing of dollars, creating coinage, replacing the same when lost, damaged or wornout. Can we even begin to evaluate the parasitic value of creation of the dollar?

[ithos]

Originally Posted by Aces4

Just the same as the dollar and coinage, right? Look at the cost of operating the US Treasurer and the printing of dollars, creating coinage, replacing the same when lost, damaged or wornout. Can we even begin to evaluate the parasitic value of creation of the dollar?

You do realize that BTC only comprises less than half the total market cap of crypto? And most of it is transactions are in Tethers which has never been subjected to a credible audit. This is why


There has to be a means of exchange. Soverign currencies can and have been successful when managed properly. Of course if you slash interest rates during prosperous times and expand the money supply at a faster rate than economic expansion then inflation will take its toll. During COVID the Fed demonstrated that.

BTC was designed to be a store of value( and to facilitate criminal activity). But there are extreme risks with custodianship that are not associated with the dollar. Not your keys, not your coin comes with extreme risks. Spend some time reading the horror stories on Reddit. The average person should not touch it with a 10 ft pole unless it is through a reliable broker like Robinhood.

Yes early adopters have become extremely wealthy but they are only a relatively few. The best days are behind it. The only hope for the next leg up is if Trump authorizes the Federal Government to designate it suitable to be a reserve asset

BTC also has the benefit of most of its transactions being conducted not in dollars or another soverign currency but in Tethers which is created almost completely out of thin air.

Home | Whale Alert

[Aces4]

Originally Posted by ithos

You do realize that BTC only comprises less than half the total market cap of crypto? And most of it is transactions are in Tethers which has never been subjected to a credible audit. This is why


There has to be a means of exchange. Soverign currencies can and have been successful when managed properly. Of course if you slash interest rates during prosperous times and expand the money supply at a faster rate than economic expansion then inflation will take its toll. During COVID the Fed demonstrated that.

BTC was designed to be a store of value( and to facilitate criminal activity). But there are extreme risks with custodianship that are not associated with the dollar. Not your keys, not your coin comes with extreme risks. Spend some time reading the horror stories on Reddit. The average person should not touch it with a 10 ft pole unless it is through a reliable broker like Robinhood.

Yes early adopters have become extremely wealthy but they are only a relatively few. The best days are behind it. The only hope for the next leg up is if Trump authorizes the Federal Government to designate it suitable to be a reserve asset

BTC also has the benefit of most of its transactions being conducted not in dollars or another soverign currency but in Tethers which is created almost completely out of thin air.

Home | Whale Alert

Yeah, I have the same respect for both of them..not much.

[Pballer]

In the past there have been rich and powerful people who have called Bitcoin a scam, but then changed their tune when they realized they could enrich themselves by joining the scam.

[Aces4]

Originally Posted by Pballer

In the past there have been rich and powerful people who have called Bitcoin a scam, but then changed their tune when they realized they could enrich themselves by joining the scam.

Uh huh, and years ago there were people investing in gold and silver thinking they could get rich. Oh wait, if they hung on to it they did make a lot of money.

[coralway]

I bought 1 BTC in late 2017 @ $6,500. Consider it a very good investment. Doubters kinda remind me of how they laughed at a little Company that called itself Apple , especially when IBM just about owned the entire market. My 200 shares of AAPL, purchased in June 1986, have done me good over the years. As the late, great John Lennon once wrote …… living is easy with eyes closed.

[Boomer]

Originally Posted by dougjb

So....I was thinking. I have a few tulip bulbs. I am willing to sell one or two.

What's your bid for one?

LOL……

In that famous book on investing, A Random Walk Down Wall Street, there is a chapter on all the speculative bubbles in history, including, of course, Tulip Mania, 1636-1637.

Tulip bulb prices were off and running, dependent on herd mentality and “the greater fool theory”-- until panic set in. There is an anecdote in the book about a greater fool who had invested in a stash of tulip bulbs and left them on a table at his house. Someone found them, thought they were onions, and ate them. There will always be a greater fool.

Boomer