@Sajan you seem to have softened a bit lately. Your posts have gone from outright "this is a scam" to "this might be a scam but I'm gonna try to make money off it regardless". Your road from hater to skeptic to trader and beyond is playing out as foretold....
Haha yes I have softened my stance for my own selfish reasons. That is to make money. I have had BTC since 2018 and I have added a few times since then. Definitely not enough in hindsight but enough to care to monitor where the price of BTC is. It’s the same reason I trade TSLA. hating just to hate and losing out on gains is silly. at the end of the day we have x amount of years on this earth and we need $ to survive and buy the things we want. whether it’s through shilling for bitcoin or some stock…end goal somehow involves more money in your bank account. I don’t think I was on the other extreme saying it was a scam…I just don’t get the daily use case for it. I agree on store of wealth for now.
See you at the next bitcoin conference. I can't wait to see you shaking your fist as the government for buying Bitcoin. Bitcoin is for purist only.
Can you make me 1 thing bitcoin has done for the average person? Every other company on that list has done something
This could be asked of money in general. What are dollars (in digital or physical form) useful for? What gives them value? We trade a large portion of our time and energy for money, but most of us don't give much thought to why. It's never taught in school.
Crypto could’ve been a game-changer for the average person if they’d invested. Shoutout to my childhood friend for putting me on to XRP and bitcoin back in 2018 when XRP was just $0.30 during the bear market which was a prime time to buy. The key he said? Just "hodl". That’s always been the move with blue chips. Last bull run was all about the memes, but this time, it’s the utility tokens making waves like they did in 2017.
Transporting wealth/value into the future is something everyone needs. Bitcoin is the best at it because of its monetary properties, which are enabled by the protocol. I'm an "average person" and bitcoin has enabled me to survive and even thrive since covid because it functions as a store of value better than anything ever created or discovered. I am living life effectively immune to inflation thanks to bitcoin. Beyond that, putting in the effort and time to understand why bitcoin works before most has allowed me to benefit from its natural growth as the best monetary network. No other asset on earth could allow me to preserve and grow my wealth over these last 5+ years like bitcoin has. And that will be true going forward indefinitely. If you don't need that then it means you're so rich you couldn't go bankrupt if you tried. Good for you. But for the rest of us, it's btc or eventual ruin.
You were. A lot. Pretty much non-stop for almost 3 years until this Summer. Everyone is against Bitcoin before they're for it, so I don't hold anyone's disbelief or criticism against them, but if that's the version of events in your mind you probably ought to go back and re-read parts of this thread. Some of the information may land differently for you now than it did then.
In @Sajan defense, the idea that Number Go Up preached by many does have a very ponzi like mentality. I dont talk much about Bitcoin anymore. Between the institutional investors and the insufferable maxis, there isn't much to talk about L1. I am very much interested in derivatives/secondary applications.
i still see the use case (currently looking at russia's ruble collapse) it is very much still a ponzi scheme as for it to hold or go up in value requires others wanting it. i also believe the stock market as a whole is a ponzi scheme (see rising P/E ratios over the years) I participate in both and am hoping for a big crypto bull run over the next few months.
Great research lol. So yes I was negative and still is negative on the overall usefulness in day to day life. Let me let chatgpt summarize all those quotes: The person, Sajan, clearly holds a highly negative view of Bitcoin and cryptocurrency in general. Their stance can be summarized as follows: Skepticism of Value: They perceive Bitcoin and crypto as speculative assets with no inherent value, heavily relying on the "greater fool theory"—the idea that profits are made by selling overvalued assets to someone else. Criticism of Scams and Manipulation: They strongly associate the cryptocurrency space with scams, grifters, and pump-and-dump schemes, and believe it primarily preys on uninformed individuals. Distrust of Use Cases: Sajan expresses skepticism about the practicality of cryptocurrency as a medium of exchange (e.g., tipping for coffee) and dismisses claims that Bitcoin is "the future" as baseless hype. Frustration with Promotion: They strongly criticize people promoting crypto, implying it perpetuates harmful financial practices and exploits retail investors.
You are confusing network effects and ponzi schemes. In a network, the participants add value but they are not the value. In a ponzi, there is no value beyond the participants. Important difference. Think of it like a language. English has value by virtue of it being a protocol even if no one else on Earth spoke it other than you.
