[MorTech]

Funny clarification....

https://www.youtube.com/watch?v=mo2NRBMyDMA

[RICH1]

China agrees and recommends to stay away from Bitcoin..

[CoachKandSportsguy]

thieves currency

[opinionist]

Buying Bitcoin is like going into a casino. You buy plastic chips that have no intrinsic value and gamble on the volatility. When you leave the casino, you convert it back into dollars so you can buy things outside the casino.

[Aces4]

Originally Posted by CoachKandSportsguy

thieves currency

Kinda like the dollar bill, it's only worth what we think it is worth.

[Topspinmo]

Originally Posted by RICH1

China agrees and recommends to stay away from Bitcoin..

One thing about Chinese, they’re not stupid or gullible and they don’t waste their yen. They get their yen’s worth.

[Whatnext]

Ponzi or no Ponzi.
I wish I had bought a $100 of them when they first came out!

[Caymus]

30% Ponzi. The trend is to stable coins which are back by T-Bills.

[CoachKandSportsguy]

Originally Posted by Aces4

Kinda like the dollar bill, it's only worth what we think it is worth.

And that's any different than houses? cars? groceries? memberships? a lifestyle? jail time?

if you think its worth the price or cost, then you have a tendency to buy, if not you pass. .

[Pballer]

It may be a Ponzi scheme, but the federal and state governments are planning on spending taxpayers' dollars to buy it for a "strategic" Bitcoin reserve, so that politicians who loaded up on it can unload it and leave taxpayers holding the bag.

[ElDiabloJoe]

Originally Posted by Pballer

It may be a Ponzi scheme, but the federal and state governments are planning on spending taxpayers' dollars to buy it for a "strategic" Bitcoin reserve, so that politicians who loaded up on it can unload it and leave taxpayers holding the bag.

^ Now this I can believe.

[Aces4]

Originally Posted by CoachKandSportsguy

And that's any different than houses? cars? groceries? memberships? a lifestyle? jail time?

if you think its worth the price or cost, then you have a tendency to buy, if not you pass. .

A house, cars, groceries, memberships, lifestyles, jails are tangibles. So is a dollar bill in that it's made of paper or linen. The value of said dollar bill is in our mindset unless you're using it to start a fire.

[CoachKandSportsguy]

Originally Posted by Aces4

A house, cars, groceries, memberships, lifestyles, jails are tangibles. So is a dollar bill in that it's made of paper or linen. The value of said dollar bill is in our mindset unless you're using it to start a fire.

maybe, but value is a human judgement, which is conceptual, about making a decision about physical and conceptual choices. . and the judgement is something happening in your brain in both the conscious and the subconscious, which you can't escape. .

so using that behavioral framework, its no different what you are evaluating / judging, everything has a value. behavioral economics postulates and proves humans are not rational. So whatever you want to believe in, go for it. . you aren't going to convince me to believe otherwise

[DrMack]

Bitcoin block chain will be hacked eventually. In 10 years folks will be laughing at what people paid for it. Technology will well have surpassed hacking block chain tech.

[Aces4]

Originally Posted by CoachKandSportsguy

maybe, but value is a human judgement, which is conceptual, about making a decision about physical and conceptual choices. . and the judgement is something happening in your brain in both the conscious and the subconscious, which you can't escape. .

so using that behavioral framework, its no different what you are evaluating / judging, everything has a value. behavioral economics postulates and proves humans are not rational. So whatever you want to believe in, go for it. . you aren't going to convince me to believe otherwise

You just made a sound case for bitcoin.

I don't own any part of a bitcoin or whole bitcoins and never will. The framework for the dollar and bitcoin are the same, belief in value.