People who are buying the BTC “dip” at 48k ….

Apple
newton45

Go to company page Apple

newton45
Dec 5, 2021 132 Comments

You are buying the dip because you feel it’s fairly valued at this price. Else you would not be buying. How did you come up with this fair value to buy BTC? Can someone please explain …..

Sorry if I offended you by asking logical questions…

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 TOP 132 Comments
  • eBay
    pokjuyt

    Go to company page eBay

    pokjuyt
    Fair value is $0. Negative with all the electricity wasted for solving stupid puzzles.
    Dec 5, 2021 7
    • Spotify
      2STgTK

      Go to company page Spotify

      2STgTK
      What do you mean by "cannot be confiscated"? Do you think the digital world lives in the ether? Wouldn't you exist in the real world, with real bank accounts where you will end up depositing your REAL money once you convert them back to a REAL currency so you can actually use it for the things you want?
      Dec 6, 2021
    • Credit theory of money. You have mortgage, you become homeless if you don’t get dollars. Dollars have the value of not losing your house and not becoming homeless. It’s perspective tho
      Dec 13, 2021
  • Yelp / Eng
    B.Obama

    Go to company page Yelp Eng

    BIO
    Backend developer.
     B.Obama
    It is because I say it is. How do I know?

    Trust me bro.
    Dec 5, 2021 2
  • Here is a conservative thesis:
    - BTC is a superior gold and will replace it
    - Gold market size is 10T. BTC market size is 1T
    - For BTC market size to 10x, each BTC will be worth 500k

    A more agressive thesis is that BTC will eat some of the bond, equity, and real estate market. That would take it to 1M/coin
    Dec 5, 2021 31
    • Yes it’s a fair point. Diversification is good.
      Dec 6, 2021
    • New / Eng
      yolosamba2

      New Eng

      PRE
      Facebook
       yolosamba2
      “What’s your hypothesis for ETH?”

      Smart contracts on L1 isn’t scalable/cost prohibitive. You would need to change the consensus mechanism to proof of stake which is yet unproven, and may be less secure.

      Also, ETH having massive blocks due to smart contracts means it is vastly more centralized as only extremely powerful machines/services can be validator nodes. There have been outtages to Ethereum several times before because of dependencies on such services.

      Ethereum also has a figurehead + dev team + the above mentioned centralized services which make it vulnerable to government pressure. Whereas Bitcoin, due to its absence of a figurehead and decentralized nature, makes it impossible to inhibit.

      I believe smart contracts are better served on L2, where they are infinitely scalable/insanely cheap.
      Dec 16, 2021
  • Stripe
    zgHO76

    Go to company page Stripe

    zgHO76
    I wasn’t offended at all, until you put the suggestion in my head that I could or would be offended.

    Pro-tip: if you want someone to not do/be a certain thing/state, don’t explicitly ask them not to do it. If I tell you not to think about an elephant, what is the first thing that happens? Your inner teenage rebel is going to think of an elephant.

    So guess what, you immature and illogical punk? I’m really fucking offended now. You can go to hell.
    Dec 5, 2021 3
  • Coupang
    COQh42

    Go to company page Coupang

    COQh42
    They bought it to trade and make money. There's no fair value in btc to begin with. I don't think anyone with right mind will hold specifically BTC for next 5 years.
    Dec 5, 2021 2