The difference is that most legitimate stocks are backed by tangible assets. Bitcoin is more like penny stocks. Hope you paid off those credit cards.
Peter Schieff has been saying that nonsense about btc for years, the title was just to attract attention there is a lot more to this debate than BTC going to zero and a lot covered in the 2 hours.I don't believe it will go to zero. I also believe it it dips very low (like it did during March of 2020) people will start buying like crazy. I also think these people are alarmists. Of course there are dips, there always will be. Isn't the stock market the exact same way?
As soon as I saw it hit $3500 in March of 2020 I maxed out every credit card I had to buy as much Bitcoin as I could.
Oh I paid them off and then some. Believe me when I say that was a smart move on my part.The difference is that most legitimate stocks are backed by tangible assets. Bitcoin is more like penny stocks. Hope you paid off those credit cards.
Well do what feels right for your own personal circumstances, we are going to be back here in 2024 with the same detractors. go back to the first page when this thread started in 2017 when people thought 20k was the all the time high and btc was going to zero next.Dunno. I've watched my wallet valuation drop over 50% in the past few months. Not so confident but will push though it without panicking. Banking on Pi at this point.
Oh I paid them off and then some. Believe me when I say that was a smart move on my part.
In fact, I made 120k in profit and paid off a good chunk of my mortgage.
Digital currency isn't comparable to stocks.
We should be discussing if something else is going to beat ETH 2.0 to the punch, the upgrades to from Proof of Work to Proof of Stake could take 5 to 6 years, I think there are protocols out there which will do this quicker or at least be a good stop gap in the mean time, and there are a number of IOT projects which I'm really excited about.Yep, that video sums it up perfectly.
All the naysayers can go pound sand. Digital currency IS the future. Just like the stock market, there will be dips.
We should be discussing if something else is going to beat ETH 2.0 to the punch, the upgrades to from Proof of Work to Proof of Stake could take 5 to 6 years, I think there are protocols out there which will do this quicker or at least be a good stop gap in the mean time, and there are a number of IOT projects which I'm really excited about.
SOL is a good shout, problem is it cant scale to the level of usage ETH currently handles right now, its already had several outages this year. Opensea is meant to be integrating NFT's minted on solana at some point. I think that will be better for all of us if it that takes some pressure ETH, there is lot of gas fees being wasted with NFT's being minted on ETH.Speaking of this, I'm also very interested in Solana. A lot of people see it as a ETH killer being that it does many things better than ETH does. Not to mention the insane fees that go along with ETH.
I particularly like that last one!This is just from the last 10 days but sure its all just worthless beanie babies and penny stocks really.
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meanwhile people had their bank accounts with "real" money frozen, tells you that your money in your bank is not really yours if you are not allowed to do what you want with it and they can freeze your assets at anytime.I particularly like that last one!