6 hours ago, Will B Good said:

 

 

Cheers.

 

Bought way, way back and sold as it rose, playing with house money now....but wish I'd kept the lot.

I get ya, personally I've never cashed out a single sat. Gresham's Law - while originally related to precious metal, it also works with Bitcoin. Spend the devaluing garbage, hoard the increasingly scarce alternative. Gold and silver were the best we had until Bitcoin came along, they are now 2nd and 3rd place in my view. At least until human ingenuity comes up with a better alternative. 

8 hours ago, Conno said:

I get ya, personally I've never cashed out a single sat. Gresham's Law - while originally related to precious metal, it also works with Bitcoin. Spend the devaluing garbage, hoard the increasingly scarce alternative. Gold and silver were the best we had until Bitcoin came along, they are now 2nd and 3rd place in my view. At least until human ingenuity comes up with a better alternative. 

Did you notice that in the wake of China's threat to restrict access to rare earths the price of bitcoin went down while the price of gold went up?

18 hours ago, Conno said:

Yes that is ONE of the major benefits, scarcity, it already beats silver, plus gold soon on the Stock-to-Flow model.  Some may say, 'Only 21 million Bitcoin ever? how will that work with a global population of over 8 billion and rising?' Don't forget, there are 2.1 quadrillion Satoshis [minus however many may be in lost wallets] so still more than enough to go around. The day isn't that far off when holding even 50,000 sats will feel like something special. Owning 1 Bitcoin will put you in the 1%. Given enough time, then 1% of the 1%.

 

If you are betting against Bitcoin, you are shorting human ingenuity and going long on fiat, bad move. We have already gone from zero to a recent all time high of $126,000 how much higher does it need to move before the penny drops with the naysayers?   

50,000 sats….most people now can buy a million sats but they wont. So 50,000 sats is what theyll get

36 minutes ago, Alan Zweibel said:

Did you notice that in the wake of China's threat to restrict access to rare earths the price of bitcoin went down while the price of gold went up?

Who cares

On 10/26/2025 at 7:03 AM, angryguy said:

The CBDC still doesnt fix inflation. Bitcoin starts as a store of value and is possible to become a medium of exchange when merchants no longer accept fiat due to hyperinflation

Explain exactly how its a store of value when there is no underlying asset in it? You can buy assets with it but the "coin" itself doesn't have anything supporting it. Just the hope and dream it will inflate in value. 

2 minutes ago, Dan O said:

Explain exactly how its a store of value when there is no underlying asset in it? You can buy assets with it but the "coin" itself doesn't have anything supporting it. Just the hope and dream it will inflate in value. 

I dont see it as a store of value because the price in dollars doesnt matter to me anymore. 1 BTC = 1 BTC

 

there will only ever be so much and it will be harder to obtain over time. Fiat is the inverse, ever expanding and buys less and less over time

On 10/26/2025 at 8:56 AM, KhaoHom said:

 

We will have creeping inflation spurned on by spending which may give way to more money printing. It's absolutely inevitable 

 

I really had hoped Trump would get a handle on it. 

 

Massie / Paul 2028!

You were hoping for this from the guy who campaigned on even more tax cuts?

3 minutes ago, angryguy said:

I dont see it as a store of value because the price in dollars doesnt matter to me anymore. 1 BTC = 1 BTC

 

there will only ever be so much and it will be harder to obtain over time. Fiat is the inverse, ever expanding and buys less and less over time

You stated that its a store of value and its not. There is no actual value because there is no underlying asset to support it. Just the idea it will go up in value because it's limited. In goes up and down in value, can be stolen and many countries are now starting to assess tax and regulate it. It had a certain draw initially because it was supposedly anonymous and therefore outside government control, but that has been eroded and essentially gone

3 minutes ago, angryguy said:

I dont see it as a store of value because the price in dollars doesnt matter to me anymore. 1 BTC = 1 BTC

 

there will only ever be so much and it will be harder to obtain over time. Fiat is the inverse, ever expanding and buys less and less over time

You misunderstand the nature of currency. It's not like shares in a company or even shares in an economy. What matters is not how much each dollar is worth but how many dollars you (whether liquid or in investments.) If the purchasing power of a dollar has declined by 50% of the last x amount of years but you have 4 times as many dollars are you doing better financially or worse?

All value is achieved by consensus.

 

Whether it’s FIAT or crypto.

 

Bitcoin has value because a hundred million people agree it has.

 

What is your dollar backed by? It’s not backed by gold or anything any more.  It has value by consensus.

3 minutes ago, Dan O said:

You stated that its a store of value and its not. There is no actual value because there is no underlying asset to support it. Just the idea it will go up in value because it's limited. In goes up and down in value, can be stolen and many countries are now starting to assess tax and regulate it. It had a certain draw initially because it was supposedly anonymous and therefore outside government control, but that has been eroded and essentially gone

It has more inherent value than anything else because of the energy used to create it. Dollars are backed by trees in comparison. Electricity is more valuable than paper.

 

tell me what exactly has been eroded when its near all time highs. It has never been more accepted by institutions and governments. I am not all in on bitcoin because i have a family, for me its only a hedge which i will use in case of collapse in the current system which may happen in my lifetime

6 minutes ago, Alan Zweibel said:

You misunderstand the nature of currency. It's not like shares in a company or even shares in an economy. What matters is not how much each dollar is worth but how many dollars you (whether liquid or in investments.) If the purchasing power of a dollar has declined by 50% of the last x amount of years but you have 4 times as many dollars are you doing better financially or worse?

I understand how a currency works enough to know that bitcoin is a better money than what we currently have, so it will replace it someday im certain

Just now, angryguy said:

I understand how a currency works enough to know that bitcoin is a better money than what we currently have, so it will replace it someday im certain

Oh how useful.... an opinion of your opinion..... LOL.  

3 minutes ago, JBChiangRai said:

All value is achieved by consensus.

 

Whether it’s FIAT or crypto.

 

Bitcoin has value because a hundred million people agree it has.

 

What is your dollar backed by? It’s not backed by gold or anything any more.  It has value by consensus.

And there will be a day when people realise that fiat is worthless because theres nothing stopping them from printing. So consensus will be that bitcoin is better among the next generations

4 minutes ago, angryguy said:

It has more inherent value than anything else because of the energy used to create it. Dollars are backed by trees in comparison. Electricity is more valuable than paper.

 

tell me what exactly has been eroded when its near all time highs. It has never been more accepted by institutions and governments. I am not all in on bitcoin because i have a family, for me its only a hedge which i will use in case of collapse in the current system which may happen in my lifetime

How is it supported by energy? It doesn't save energy it uses it. How do trees support dollars?

 

Being accepted by institutions and governments erodes the anonymity of it which was a major draw.

 

It being at an all time high means nothing it goes up and down at a whim.

 

2 minutes ago, gamb00ler said:

Oh how useful.... an opinion of your opinion..... LOL.  

Do you not have bitcoin, a gambler? How ironic. Or do you have bitcoin and are only here to be a nuisance 

Anonymity is not a good thing.

 

Scarcity is what it’s all about.

 

FIAT has an unlimited supply and that means inflation.

2 minutes ago, Dan O said:

How is it supported by energy? Ut doesn't save energy it uses it. How do trees support dollars?

 

Being accepted by institutions and governments erodes the anonymity of it which was major draw.

 

Bitcoin was never anonymous every transaction ever made is public knowledge. There is no negative to it being mentioned by governments and being traded in the stock market.

 

your argument is that bitcoin has no inherent value right? The fact its created by energy doesnt mean anything? It takes them no work to print a dollar, so the dollar is actually whats inherently worthless

15 minutes ago, angryguy said:

I understand how a currency works enough to know that bitcoin is a better money than what we currently have, so it will replace it someday im certain

Based on your previous comments it's clear you don't. And asserting otherwise proves nothing.

4 minutes ago, Alan Zweibel said:

Based on your previous comments it's clear you don't. And asserting otherwise proves nothing.

Keep all your money in a bank then i dont care. My savings will eventually be worth more than yours if its not already.

 

sounds like people would rather be poor and stick to false preconceived notions than do an hour of research

8 minutes ago, angryguy said:

Keep all your money in a bank then i dont care. My savings will eventually be worth more than yours if its not already.

 

sounds like people would rather be poor and stick to false preconceived notions than do an hour of research

Whether or not btc continues to appreciate in value has no bearing on your mistaken understanding of  the relationship between currency and wealth.

Once again, the purchasing power of a unit of currency is irrelevant. What matters is how many you've got.

Just now, Alan Zweibel said:

Whether or not btc continues to appreciate in value has no bearing on your mistaken understanding of  the relationship between currency and wealth.

Once again, the purchasing power of a unit of currency is irrelevant. What matters is how many you've got.

Only matters how much bitcoin youve got. If youre a millionaire in dollars and have no bitcoin because you dont understand money then guess what? You will be poor in the future

7 minutes ago, angryguy said:

Only matters how much bitcoin youve got. If youre a millionaire in dollars and have no bitcoin because you dont understand money then guess what? You will be poor in the future

Your comment is completely irrelevant to the issue of the relationship between the relationship between the value of a unit of currency and personal wealth.

53 minutes ago, Dan O said:

How is it supported by energy? It doesn't save energy it uses it. How do trees support dollars?

 

Being accepted by institutions and governments erodes the anonymity of it which was a major draw.

 

It being at an all time high means nothing it goes up and down at a whim.

 

Bottom line is everyone acquires Bitcoin at the price they deserve. Argue it's waste of time and a delusion and pay $1m+ per coin eventually. Or figure it all out early and buy it at a fraction of the price. Makes no odds to me if you buy or don't bother.

On 10/26/2025 at 7:00 AM, JBChiangRai said:

Bitcoin will never replace cash.  It's not a currency; it's a store of value.  I think of it as Digital Gold.

 

Something else will replace physical FIAT and it's probably going to a sovereign country's Digital FIAT.

Unfortunately, it looks like programmable CBDC's will replace cash. They will give governments total control over citizens, when and where they can spend their money, and what they can spend it on. Even put an expiry date on it to force people to spend it. They will be able to take and invest everyone's savings.

 

Think I am dreaming? The Bank of England and many other central banks are already testing such systems. i can't see a way out except maybe buying gold.

 

Whether the people will rise up against it  remains to be seen.

 

2 minutes ago, phetphet said:

i can't see a way out except maybe buying gold.

 

 

 So now you can spend gold ?

 

6 minutes ago, phetphet said:

Unfortunately, it looks like programmable CBDC's will replace cash. They will give governments total control over citizens, when and where they can spend their money, and what they can spend it on. Even put an expiry date on it to force people to spend it. They will be able to take and invest everyone's savings.

 

Think I am dreaming? The Bank of England and many other central banks are already testing such systems. i can't see a way out except maybe buying gold.

 

Whether the people will rise up against it  remains to be seen.

 

You are exactly right.  People won’t rise up against it, it will creep, it’s already creeping in Thailand.

9 minutes ago, phetphet said:

Unfortunately, it looks like programmable CBDC's will replace cash. They will give governments total control over citizens, when and where they can spend their money, and what they can spend it on. Even put an expiry date on it to force people to spend it. They will be able to take and invest everyone's savings.

 

Think I am dreaming? The Bank of England and many other central banks are already testing such systems. i can't see a way out except maybe buying gold.

 

Whether the people will rise up against it  remains to be seen.

 

If they put an expiry date for people to spend their dollars, then the migration over to bitcoin will be sooner than i expect

52 minutes ago, angryguy said:

Keep all your money in a bank then i dont care. My savings will eventually be worth more than yours if its not already.

 

sounds like people would rather be poor and stick to false preconceived notions than do an hour of research

This highlights your lack of understanding. Currency is not meant as an investment in itself. Currency is used to purchase investments. Bitcoin is nothing more than an investment and owners hope and pray it continues to appreciate. 

21 minutes ago, Conno said:

Bottom line is everyone acquires Bitcoin at the price they deserve. Argue it's waste of time and a delusion and pay $1m+ per coin eventually. Or figure it all out early and buy it at a fraction of the price. Makes no odds to me if you buy or don't bother.

I never said its a waste of time so if you dont understand what I wrote go back and read slowly.