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I see some people don't understand BTC. But atleast they need to respect ARK research team and companies like Tesla, microstrategy that are putting BTC in their balance sheets. Why so much ignorance from so many people? Why cant we go above proving ourselves right and look closely at what is actually happening.#investments
Whoβs hating? Haters are my motivators -BTC
Is this your answer to the question: βHow do you say I own BTC without saying you own BTCβ?
Good one π
People who own BTC spend their free time βadvertisingβ since they know thatβs the only way to make the price go up. We have a new crypto every day; itβs the craziest type of inflation
OP, as long as you understand it, why do you care about others' opinions ? 'Selling' others on the value of the investment is a telltale sign of a Ponzi scheme.
Exactly
More than convincing others on BTC. I want to hear reasons and may be that will change my opinion for BTC. I am trying to see other side of coin hearing all the logical perspectives
Putting BTC on your balance sheet doesn't mean anything about whether it's good or not. They are just professional gamblers. I'm an early Bitcoin adopter, but I think the cryptocurrency space has gone off the rails. It's full of crazy HODLers who think that it's universally better than fiat currency will no tradeoffs, refusing to acknowledge any drawbacks; and who somehow think it's reasonable to bet on indefinite price appreciation, so just keep buying at any price. That fuckery is what makes the price so volatile and the reputation so polarizing that it's useless as a real currency. Also, Bitcoin is one of the worst cryptocurrencies technologically, because most of the ones that came after it improved it in some way
Good points but BTC has limited supply that's different from so many others
People who talk about the limited supply are thinking about Bitcoin like a fiat currency. The same store tends not to accept more than one fiat currency, so you don't have to think about multi-currency inflationary risk with those. This is not true of cryptocurrencies - generally, if you are a store that accepts Bitcoin as payment, it is both easy and practical to accept other cryptocurrencies using the same payment processor. There is no real reason for a store that accepts Bitcoin not to also accept any other cryptocurrency that trades with enough volume to make it immediately liquid. So even though the supply of Bitcoin is fixed, it faces inflationary risk because the number of altcoins is not fixed. Adding a new coin as accepted payment causes inflation in the same way that printing more money does - suddenly society has more currency to spend on the same amount of goods. So "there is a limited supply of Bitcoin" does not actually matter much.
Because a vast majority of bitcoin holders seem like degenerates
Why?
Because they are constantly seeking approval. If you want to put your life's savings into it, good for you! But unfortunately, the price doesn't go up unless the society as a whole starts seeing value in it - regardless of what anyone says, there is zero intrinsic value to BTC. This conundrum turns BTC holders into shills and basically intolerable.
Because people who shill bitcoin ignore every reason why bitcoin might not be successful and are super annoying about it
On the surface it sounds like a scam and since most people havenβt looked into it, they stay at that surface level view
Good point but why people are staying only at surface
Because it raises too many red flags in the beginning. Good podcast on this and very relevant for blind - https://open.spotify.com/episode/0opbypclyNDF1GtwiL6Nbo?si=lwniASYkSeiazWWu-cab0Q
The tech itself is cool but the fanbois are dumb as fuck and just spam hype it everywhere as a replacement for fiat currency without understanding the downsides or basic economic principles. Anything negative about BTC puts you in a haters bucket, it's like a cult but for something resembling a pyramid scheme. Everyone is a HODLer but doesn't understand that is detrimental to making BTC mainstream for it's intended purpose as a currency and not a cultish pyramid scheme vehicle. BTC fanbois are more annoying than Tesla and Apple fanbois but not as dumb as Ford/Chevy/Dodge fanbois.
So, how much do you own? π
Enough to be interested in hearing all sides including lovers and haters π