📈Is the correction over? What cards look attractive with an upside potential?📈

[GOATcards]

Originally Posted by KhalDrogo

You brought it up buddy. You comment like bitcoin is the only asset out there to see big returns on. It’s not. But I’d love for you to share what portion of your investable net worth is in crypto.

so much irony contained in your postings. I can think of something you brought up and something that I'd love for you to do.

I would never in a million years think to call someone an anti-semite and then run away unaccountably when challenged. That's moral lowlife behavior.

[GOATcards]

Originally Posted by KhalDrogo

My trading portfolio is up 50% YTD.

My liquid net worth is up 2.8x YTD.

How about you pal?

Originally Posted by drobfan8

And yet you sound miserable.

mean-spirited is another word that comes to mind

[GOATcards]

Originally Posted by jcardstore

I could give you multiple reasons why BTC is a good investment at this exact moment.

Doesn't matter though because you've made up your mind already.

what has made btc a more popular Blockchain currency than the others? What's the fundamental value proposition here

[tjforce]

Originally Posted by tjforce

So real question:

Bitcoin has been a valuable commodity for over 10 years now (when it's market cap first hit $1BN). The market cap is now $700BN.

At what point can you no longer consider it a scam? How many years does it have to maintain value before it just is what it is: An investable asset valued in a similar way we invest in Gold, Silver, Platinum, or any out arbitrary commodity?

Originally Posted by cms11

No other investment has a continual pump-and-dump going on like crypto. If you enjoy that game, go for it, but it's not a safe long-term buy and hold.

This is not an answer to the question.

[tjforce]

Originally Posted by ninjacookies

Market cycles, bruh. BTC has lost over 60% of peak value, only to rise up to new all time highs more times than I can count. It's all on the charts.

Obviously, it's not a preferred method of investment if you're more risk averse and can't stomach ultra high volatility. But just like the DOW...until it breaks the long term parabolic trend...it's still been a great place to park your money if you zoom out from a macro perspective and can have a holding plan.


I think the scam term could be tossed out the window as soon as institutional investment swooped in. Large scale investment firms/banking institutions offering crypto services is not anything to scoff at.

Conflating the scam nature of 3rd party exchanges, dark web deals and rugpull alt developers with btc itself is like stating the US dollar is a scam because of all the crime that's committed with it.

I trust a hard capped currency more than a piece of paper being printed to oblivion with no end in sight. We've been plagiarizing Nigeria's monetary system to a T.

This is an answer to the question. I appreciate your perspective.

I don't know if you are wrong or right, but you've given your opinion.

[jcardstore]

Originally Posted by GOATcards

what has made btc a more popular Blockchain currency than the others? What's the fundamental value proposition here

The most important depends who you ask.. For me it's true, mathematically limited supply. There's not a single other fixed supply asset on earth. I've read a lot of Mises and his lineage and BTC seems like the purest form of money you could possibly have.

Now I don't think of Bitcoin as a currency at all because it will never be but a store of value and method of exchange.

It's the most secure computing network on earth on top of it.

[GOATcards]

Originally Posted by jcardstore

The most important depends who you ask.. For me it's true, mathematically limited supply. There's not a single other fixed supply asset on earth. I've read a lot of Mises and his lineage and BTC seems like the purest form of money you could possibly have.

Now I don't think of Bitcoin as a currency at all because it will never be but a store of value and method of exchange.

It's the most secure computing network on earth on top of it.

(the stability of magnetically-stored data in the event of a solar superflare aside...)

my question was what made btc more popular than other blockchain-whatevers if they're operating on the same concept

mises would speak of bank-issued notes with gold as a backing, which fiat currency doesn't have. the more gold-like or gold-tied a currency or asset is, the more it can serve as a pure medium of exchange. (I think.) Other than limited supply and durability of both btc and gold atoms, I don't know what the underlying value of btc is, as there is with gold (its industrial or artistic uses, I suppose).

(as for people maybe becoming more savvy as to the inflatable character of fiat currency, I'd expect monetary factors to have less of a real-economy impact in a more structural or long-term way. we saw easy money policy during the pandemic, along with other factors, fueling asset classes like kards, but of course that bubble popped and the real economy slogs along at 1% growth per capita at best)

I don't know what fundamental there is that would cause btc to go from $20k to $70k. It seems dependent on bubble-like mentalities. Same applies to gold prices (quite memorable was gold going from $35 to (briefly) over $800 an ounce from '71-80), but gold or commodity-basket prices are tied to a long-standing well-known function. Gold's been around for all of history, btc is something quite new. And there's not a lot of common understanding of how the blockchain and limited supply makes it a desirable asset class. Until that understanding is reached, you'll keep getting questions about fundamentals.

[jcardstore]

Originally Posted by GOATcards

(the stability of magnetically-stored data in the event of a solar superflare aside...)

my question was what made btc more popular than other blockchain-whatevers if they're operating on the same concept

mises would speak of bank-issued notes with gold as a backing, which fiat currency doesn't have. the more gold-like or gold-tied a currency or asset is, the more it can serve as a pure medium of exchange. (I think.) Other than limited supply and durability of both btc and gold atoms, I don't know what the underlying value of btc is, as there is with gold (its industrial or artistic uses, I suppose).

(as for people maybe becoming more savvy as to the inflatable character of fiat currency, I'd expect monetary factors to have less of a real-economy impact in a more structural or long-term way. we saw easy money policy during the pandemic, along with other factors, fueling asset classes like kards, but of course that bubble popped and the real economy slogs along at 1% growth per capita at best)

I don't know what fundamental there is that would cause btc to go from $20k to $70k. It seems dependent on bubble-like mentalities. Same applies to gold prices (quite memorable was gold going from $35 to (briefly) over $800 an ounce from '71-80), but gold or commodity-basket prices are tied to a long-standing well-known function. Gold's been around for all of history, btc is something quite new. And there's not a lot of common understanding of how the blockchain and limited supply makes it a desirable asset class. Until that understanding is reached, you'll keep getting questions about fundamentals.

Well if your question is: why does it have value in the first place, there isn't a simple answer. Demand > Supply.

As for why it's better / more valuable than the rest.... well a lot of that is first mover advantage w/ the true fixed supply.

The BTC/USD price movement is even more simple. The latest data shows that less than 12% of the total supply of "circulating" BTC is on exchanges. That's just not going up. There is some synthetic supply and complicated financial instruments related to that but I can't really speak to that aspect of how that work.

The demand has slowly been climbing over time and continues to grow. with little to no increase in supply and a known hard cap.

It's divisible by 100million, easily portable, perfectly secure. It's all the allure of gold but it does everything better. I don't look at it exactly like what will 1BTC be worth in USD in 20 years, the value of it will go up. Value could be anything in exchange for anything else.

[anusinha]

People talking about crypto sound like that lady in the HGA video talking about colorimetric hypersonic image stabilization and tangential bypass isometric filtering technology.

you guys do you, im happy with my money collecting 5-7% dividend gains from the biggest companies on the planet.

[KhalDrogo]

Ask jcard about the other cryptos he liked two years ago. Or just go to the currency forum to see for yourself.

Guess none of us can win them all.

[yiguiri2002]

Originally Posted by tjforce

This is an answer to the question. I appreciate your perspective.

I don't know if you are wrong or right, but you've given your opinion.

No one ever knows if ninja is right or wrong. Most people don't even know what he's talking about.

[yiguiri2002]

Originally Posted by jcardstore

The most important depends who you ask.. For me it's true, mathematically limited supply. There's not a single other fixed supply asset on earth. I've read a lot of Mises and his lineage and BTC seems like the purest form of money you could possibly have.

Now I don't think of Bitcoin as a currency at all because it will never be but a store of value and method of exchange.

It's the most secure computing network on earth on top of it.

How much of BTC's success in recent years has to do with austrians' perspective on it and how much of it is demand?

[pcptrade]

Forget about BTC/Crypto. You are missing out on the next hot thing -

https://www.instagram.com/p/CzuRQbrS...c4MmM1YmI2Ng==

MJ (sticking out his tongue)> Einstein (sticking out his tongue)

https://www.christies.com/lot/lot-6082853

[towerymt]

Originally Posted by anusinha

People talking about crypto sound like that lady in the HGA video talking about colorimetric hypersonic image stabilization and tangential bypass isometric filtering technology.

you guys do you, im happy with my money collecting 5-7% dividend gains from the biggest companies on the planet.

Get rich slowly, I've been told.

[jcardstore]

Originally Posted by yiguiri2002

How much of BTC's success in recent years has to do with austrians' perspective on it and how much of it is demand?

It’s all just simple supply and demand. There’s just not enough buyable supply to satisfy the demand.

[jcardstore]

Originally Posted by KhalDrogo

Ask jcard about the other cryptos he liked two years ago. Or just go to the currency forum to see for yourself.

Guess none of us can win them all.

Like which ones? ETH? Go check the chart this year. LINK? Up 120%+ this year

Just sit this one out big man

[1980bust]

So, anything about cards?

[hermanotarjeta]

Originally Posted by 1980bust

So, anything about cards?

Yes, everyone is still bag holding heavy, heavy bags.

[ninjacookies]

It's funny. Many of the same arguments made against BTC from those outside the landscape are the same arguments people outside of the hobby think about the value of printed pictures of individuals on cardboard.

Nonsensical, silly, niche, price manipulation, etc.


At the end of the day, clect/invest in what you like.


There's no better transfer of value than buttcoin though. It's a lot easier and safer moving 10k in bitcoin than it is 10k in plastic slabs...particularly across borders. Plus you're not at the mercy of a banking system/3rd party institution implementing exorbitant fees, additional paperwork, and/or required hold/wait times.

[KhalDrogo]

Originally Posted by jcardstore

Like which ones? ETH? Go check the chart this year. LINK? Up 120%+ this year

Just sit this one out big man

Did you just start investing in crypto on January 1, 2023? Or are you cherry picking YTD for a reason?

[drobfan8]

Originally Posted by KhalDrogo

Did you just start investing in crypto on January 1, 2023? Or are you cherry picking YTD for a reason?

We've seen some toxic behaviour over the years, and we've all been a part of it somewhere.

But you are 100% on a roll with it.

literally nothing but negative, toxic, trolling, b*tching and moaning.

Pull your head in and grow up a bit.

It will do you good to take a break. Maybe even seek some counsel.

[KhalDrogo]

ETH down 23.8%.

SOL down 36.7%.

ALGO down 85.3%.

BTC down 4.9%.

KhalDrogo up 37.7%.

Crypto has seen massive gains over the years. Crypto has also seen massive losses. Timing is everything. I’m not really sure what you’re advocating for as far as allocations since you’re being so dodgy. Maybe you have 5% of your investable net worth in crypto. Maybe its 25%. Maybe it’s more.

There’s certainly room for some crypto in any portfolio. But more than half of US adults can’t cover a $1000 emergency expense. Not sure how they’re going to tolerate holding any meaningful amount of such a risky and volatile asset.

[ninjacookies]

J's been in crypto far before 'Vid. And long before the 2018 boom. He's been in longer than probably 95% on this forum. I'm sure he's doing quite well for himself, even if he missed on the occasional alt or two (which pretty much everyone in this space does...similar to missing on prospecting).

[KhalDrogo]

Originally Posted by ninjacookies

J's been in crypto far before 'Vid. And long before the 2018 boom. He's been in longer than probably 95% on this forum. I'm sure he's doing quite well for himself, even if he missed on the occasional alt or two (which pretty much everyone in this space does...similar to missing on prospecting).

Maybe he is. Maybe he’s not. Even though he’s up 1000x on some of his early BTC trades, that easily could have been wiped out completely over the past few years by underwater BTC or other crypto trades. YTD returns are worthless and misleading.

[jcardstore]

Originally Posted by KhalDrogo

Maybe he is. Maybe he’s not. Even though he’s up 1000x on some of his early BTC trades, that easily could have been wiped out completely over the past few years by underwater BTC or other crypto trades. YTD returns are worthless and misleading.

I'm still not posting how much BTC I have... but you can look at the date and do the math.

I still own ETH and would buy it here. I still own SOL and would buy it here.

ALGO was an L, oh well.