Man you are thick! And have no idea what you are talking about, it is incredible. You probably also believe trickle down economics actually works right? You are not even worth explaining, live your sad ignorant life and know you know nothing about the financial system you play in.

You just don’t like people probing that you have lack of critical Thinking and that you play in a financial system you know nothing about.

And I do think not buying bitcoin and balancing your risk portfolio and using it is a huge mistake. Your sort term thinking is beyond belief. Look back in 10 years and tell me if buying bitcoin at 60k was a mistake. Also most people buy bitcoin DCAing same as the stock market, buying all at once at an all time high is not even advised your BKR.

Sad that a 55 year old is so closed up and ignorant.

I think you lost track, this was a conversation on energy use, POS vs POW, I’m not selling anything I’m expressing my educated opinion on a matter you seem to not understand, and blockchain has nothing to do with it, the benefits to the financial system are endless but you don’t see because you don’t understand the friction in the financial system.

Imagine Bitcoin as the rails of a public train own but people all over the world with nodes, and anybody can then transfer money in a frictionless manner. Visa built the same using billions of dollars and it cost retailers 2-3% per transaction, western ion built the same and they charge up to 13% per transaction that paired up with no inflation and store of value is the technological advancement.

Parroting BRK talking points shows how little you understand of the financial system, it is honestly sad, lastly did you know BRK was a textile company? Companies/tech needs to evolve or they will slowly wither.

What worked for you at 55, is not going to work for younger people just think about that for a second.

Hahah I’m probably older than you think and in track to retire in 9-10 years, Bitcoin is 3% of my well diversified portfolio.

I understand a technological advancement when I see it, you sound like the people that thought the internet was for chatting in the early 90s.

No rich quick scheme here, compound interest and hard work pal.

Bitcoin is #1 due to POW, nobody controls it and there can only be 21m no dilution ever that is why it is proposed as a store of value, like gold.

Any other cryptocurrency has developers behind it, POS and unlimited amounts of coins become available if the devs want it, Bitcoin and all the others are not in the same realm.

after having read and research many coins perhaps there is one nobel technology idea that may have real applications the rest are bad investments/scams.

I did, I responded to your message with the actual math.

Hahah the best part Bitcoin doesn’t care what US does, Bitcoin is like gold as long as people tread it has value, scarcity is an added bonus.

Also look up Ponzi scheme dude, Bitcoin does not even match the description. Comparing apples to water.

Crazy how entrenched you are in your opinion with so little knowledge, normal people read and understand before they form opinions, give it a try.

To find the appreciation percentage, you divide the change in value (bitcoin at $17000) by the original value (bitcoin at $1 even though it started at 0 just for comparison sake) which equates to 17000. If you multiplying this number by 100, we can determine the price bitcoin has appreciated by 1,700,000% yeah that is right 1.7m

I made a mistake with my mental math and missed 3 zeros. Again if you had critical thinking you would know 5k% does not make sense when your read on google.

Don’t believe me? do it on your house, it might be easier for you to understand how appreciation works mathematically, you certainly have given me a good laugh…. 5k hahaha.

Dude! Go back and read your replies you have no idea what you are talking about.

I love to engage and have productive discussion and fact checking is important, but you are not equipped for it.

Just drop it and look back in 10 years. I would love to see your face when you realize you could not see the forrest for the trees, that might be the story of your life already.

Good luck.

Hahahah did you finish elementary school? 0 to 17k is not 5k% gain, again no critical thinking, also you are focused on cherry picking and forget the bigger picture, what you should look at is the over all trend, same as the with the stock market, if you look at the last year yeah sure bad, then zoom out and look at the past 10 year in the s&p 500 trend, last year is nothing less than a blip and nothing to be worried about.

In 10 years you will look back and think the same and never understand the impact bitcoin already has had.

Dear god, you understand that bitcoin has appreciated 17000% in 14 years right? While the dollar devalued 28% and increasing by the month, that means that a dollar only buys 72.244% of what it could buy back then.

Sure it is a new asset and there is volatility, but guess what, that volatility has consistently for 14 years trended upwards! And news to you, but any investment, a house, a business, gold, a god damn pokemon card will have ups and downs based on demand.

You have Financial myopia, honestly read a financial book and understand the system you play in, your family will benefit .

Wow, not a single cohesive thought of your own in that word vomit, Bitcoin is mostly frictionless, and your stament on inflation is evidence of your ignorance,

You are seriously saying that the eroding of purchasing power is the right direction? Wow! Look up QE dude, and read a book or two on the financial system, before your next word vomit. SHAME!

OMG! I don’t even know where to begin, look up QE and QT, function of central banks, friction in the financial system, what inflation does to people’s savings, then look up the actual energy use of bitcoin and at that point we can engage meaningfully.

Good luck til then.

Have you ever thought about the energy waste of regular money? How often it needs to be replaced? Shipped? The millions of unnecessary intermediaries taking a small %? What QE does to peoples wages? or how the current system dilapidates your savings savings every month?

You are sadly simply parroting a talking point you saw of the corner of your eye on your way to McDonald’s.

My advise to you is, develop critical thinking skills, READ as much as you can and think for yourself.

Whoever thinks this is a good idea for bitcoin is dim witted.

Also this si futurology, I am shocked that 7/8 of the people in here are not informed on a 14 year old tech.