Bitcoin conviction

Cisco
aomo01

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aomo01
Jun 6, 2021 65 Comments

“The price kinda dropped! Should I sell!?”

I’ve been in Bitcoin since 2015, and my level of conviction has never been higher. I buy it every single day. Bitcoin is on the path to replace the US Dollar as the global reserve asset. You thought that was going to happen without volatility?

💎🤲 forever!

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 TOP 65 Comments
  • Intel
    hogaya

    Go to company page Intel

    hogaya
    Tech bros don’t understand fundamental economics so they think bitcoin can replace currency . It’s laughable technobabble.
    Jun 6, 2021 18
    • Cisco
      aomo01

      Go to company page Cisco

      aomo01
      OP
      Mr. Doge, keep paying attention to short term sentiment, and Elon tweets, pump & dumps, that’s fine.

      I’m in this for 10+ years. I give zero sh*ts about a Tweet or some conference.
      Jun 6, 2021
    • Daimler
      cuddleless

      Go to company page Daimler

      cuddleless
      Monero is an objectively better store of value than btc. Only negative right now is POW and lower network effects
      Jun 6, 2021
  • Intuit
    Kitty🐈Kat

    Go to company page Intuit

    Kitty🐈Kat
    Hold it then, why are you crying and try to convince others 😂
    A currency that falls 30-40% on normal days, imagine what happens when economy sinks.
    It will never replace USD, you can keep buying ...
    Getting gains doesn't mean it will replace USD... After over a decade, where exactly di you see bitcoin has replaced usd? Other than Elon Musk who has hidden interests ... It might look attractive but it's just not viable
    Jun 6, 2021 5
  • eBay
    bcffugsg

    Go to company page eBay

    bcffugsg
    Good luck trying to find the next greater fool. An asset that has no intrinsic value other than pumpers and believers.
    Jun 6, 2021 5
    • Asurion
      ilakatha

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      ilakatha
      And also that’s the year you should’ve learned that no matter what crap Uncle Sam sells, he will make sure it gets back up and running - by bailing out, printing money or imposing sanctions, or going to war.

      I trust the defense spend and the military muscle Uncle Sam can flex to make anything happen. So will stick to USD. Even though it’s illogical, guns do make things work - so it appears so far.
      Jun 6, 2021
    • Cisco
      aomo01

      Go to company page Cisco

      aomo01
      OP
      I agree that US Petro dollar is sticky, being backed by military, wars, and propaganda.

      Stocks and real estate will keep going up in USD terms.

      However, simple math tells me that as these dollars keep getting printed, there is more that will go after scarce assets like Bitcoin, which are fixed. As real estate and stocks go up, Bitcoin goes up faster.
      Jun 6, 2021
  • Which platform do you use for buying crypto?
    Jun 6, 2021 3
  • Google
    tdurden@

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    tdurden@
    "Bitcoin is on the path to replace the US Dollar as the global reserve asset."

    In what sense it's on the path to that, may I ask? Like, what are the steps / milestones, and which of them checked?
    Jun 6, 2021 5
    • Daimler
      cuddleless

      Go to company page Daimler

      cuddleless
      Protocol rigidity is a liability, not an asset - imagine us being in a capitalism system and the US people cannot just vote themselves more money like they did in 2020. It just doesn’t fly. Human fiction is supposed to be malleable, that’s why it’s powerful and that’s why we have societies.
      Jun 6, 2021
    • Cisco
      aomo01

      Go to company page Cisco

      aomo01
      OP
      Ever heard of engineering? Seems to work just fine in human societies.
      Jun 6, 2021