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What do people think about Bitcoin?

Discussion in 'BBS Hangout' started by Spooner, Jan 25, 2014.

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What is the fate of Bitcoin?

  1. Currency of the future

    34.8%
  2. Passing Fad

    65.2%
  1. adoo

    adoo Member

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    parroting the meaningless rhetorics spinned by the crypto mafia.

    to the extent that you can't use BTC to
    • buy grocery items / food / a share of stock
    • pay for a meal at restaurant
    • pay for a ticket to a sporting event, concert, cruise, airplance tide, etc.
    there is no monetary property
     
  2. DonnyMost

    DonnyMost Member

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    Even the idiots over at Investopedia understand that money has more properties than just acceptance at the grocery store.
     
  3. adoo

    adoo Member

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    just because the discussions at Investopedia are above your head.


    have btc zealots like you ever purchased grocery item w btc.

    if yes, elaborate.

    if no, why not?
     
    #7583 adoo, Nov 30, 2025 at 11:06 AM
    Last edited: Nov 30, 2025 at 11:15 AM
  4. DonnyMost

    DonnyMost Member

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    Why do I need to purchase groceries with my long term value assets?
     
  5. adoo

    adoo Member

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    coorborating my positon

     
  6. DonnyMost

    DonnyMost Member

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    [​IMG]
     
    Space Ghost likes this.
  7. Ottomaton

    Ottomaton Member
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    I am interested to see what happens when the final mineable coin is mined. Off the cuff it seems like it should give rise to strong, conflicting after-effects both bullish and bearish at the same time maybe?

    The finite coin supply is very much in bitcoin's favor for price upside. I just wonder if the miners all move on to the next coin and start hyping it as they do, whether that might push it to the background a bit, too, over a longer term?

    I think its a situation without any analogous cases that are redily apparent to me and as a result might produce unexpected results.

    I do think the never-sellers will keep the bottom from falling out. But volume may start to decline by a bunch which, if it shrinks enough, can lead to weird artifacts.
     
    dmoneybangbang and Sajan like this.
  8. Space Ghost

    Space Ghost Member

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    wtf are you talking about? I can sell my IBIT during working hours and pay off my robinhood cc instantly.

    you have a fanatical view about money. Its as if yiu believed the USD has been around since the beginning of time
     
  9. KingCheetah

    KingCheetah Atomic Playboy

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  10. adoo

    adoo Member

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    i believe the USD will outlive BTC before the next new fad comes along

    if nothing, this recent announcment by the ultimate influencer, who has filed for bankruptcy protection more than 6 times,
    serves as a warning to the zealots to exit or trim
     
    #7590 adoo, Nov 30, 2025 at 5:43 PM
    Last edited: Nov 30, 2025 at 5:48 PM
  11. DonnyMost

    DonnyMost Member

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    After the final mining reward drops (2140 or something crazy like that) the network will still pay miners to secure it.

    Centralized scams and their hand waving bullshitters will always exist but they come and go like beanie babies and laboubous because they lack any utility.

    Miners have already left btc to chase those short term returns, gotten burned, and returned to the fold over and over again.

    I don't expect much new to happen when the mining rewards run dry. The inevitable and visible nature of the protocol allows everyone to prepare.
     
    Ottomaton likes this.
  12. DonnyMost

    DonnyMost Member

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    In fairness IBIT isn't BTC, it's a BTC IOU.

    You can take out a loan against your BTC and leverage it the same way as any other asset, and those options are growing rapidly every day.

    The smart heads know BTC has the best monetary properties, and so they're racing towards it.

    You couldn't dream up a better collateral asset than BTC if you tried.
     
  13. Ubiquitin

    Ubiquitin Member
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    Thought of you bitcoin millionaires when I saw this:

     
    Ottomaton likes this.
  14. adoo

    adoo Member

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    a convenient pump-and-dump spin that hasn't worked out lately.

    The Huge US Bond Market and the US Dollar Blow Off the “Debasement Trade”


    This debasement-trade theme is a bet that government borrowing and money printing will
    erode the value of the US dollar dramatically and quickly, and that therefore enough investors
    will pile into cryptos, gold, silver, and even stocks, to cause prices of those instruments to explode.

    But the huge bond market has taken the opposite bet
    , led by the $29-trillion Treasury market, the $11-trillion corporate bond market,
    the $9-trillion residential MBS market, the $4-trillion municipal bond market, plus the other segments of the bond market, where
    yields have fallen this year and have been in the same relatively narrow range for the past three years.



    If the bond market were fearing a rapid and substantial debasement of the US dollar – the theme being hyped by the debasement trade promoters – it would demand much higher yields. But that hasn’t been the case.

    Since 2023, the dollar has been consolidating; it has the bounced back some since the beginning of July 2025 with the WSJ Dollar Index rising today to 96.4, up by 2.6% from the low at the beginning of July.

    indeed, a picture is worth a thousand words
    [​IMG]
     
  15. DonnyMost

    DonnyMost Member

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    Betting that they're not going to keep spending and printing more?

    [​IMG]
     
    Space Ghost likes this.
  16. DonnyMost

    DonnyMost Member

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    I prefer this guy

     
  17. adoo

    adoo Member

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    :rolleyes:

    like poster Invisiblefan, you keep on parroting the $ printing spin, conveniently ignoring the facts

    [​IMG]
     
  18. Space Ghost

    Space Ghost Member

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    he is using the DXY as his measurement. Silly boy
     
  19. adoo

    adoo Member

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    NVIDIA and Synopsys Announce Strategic Partnership to
    Revolutionize Engineering and Design




    food for thought,
    How will this accelerated AI capability disrupt the Crypto ecosystem,
    a resource-wasting cesspool of a technology

    If AI-powered regulatory systems can effectively track illicit cryptocurrency transactions, the perceived anonymity benefit of
    cryptocurrencies diminishes. Similarly, if AI enables more efficient centralized payment systems, the comparative advantage of
    decentralized alternatives may narrow.​
     

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