LotLizard55
LotLizard55 t1_j8z5bjf wrote
Reply to comment by marfaxa in [OC] Is Bitcoin price correlated with Google search volume or not? by against_all_odds_
Market says it’s worth $25,000. So yes people value it.
LotLizard55 t1_j8z47w5 wrote
Reply to comment by What-Fries-Beneath in [OC] Is Bitcoin price correlated with Google search volume or not? by against_all_odds_
Collectible-> store of value -> medium of exchange. Would you rather hold a McDonald’s gift card for the next decade or bitcoin. 99% of crypto is vaporware riding on bitcoins coat tails. I do not disagree majority has 0 utility today
LotLizard55 t1_j8yz5f1 wrote
Reply to comment by What-Fries-Beneath in [OC] Is Bitcoin price correlated with Google search volume or not? by against_all_odds_
Fixed supply money tied to energy. Peer to peer and can have final settlement in seconds. Must have some value no?
LotLizard55 t1_j8zcgqw wrote
Reply to comment by What-Fries-Beneath in [OC] Is Bitcoin price correlated with Google search volume or not? by against_all_odds_
Sir, when you look across the world, do you feel like governments have your best interest at heart? Highest debt/gdp since WW2. Aging demographics and rising interest rates. They are going to inflate the debt away or default there is no alternative. I like bitcoin because it lets me opt out with a portion of my saving in a money that can’t be corrupted by 12 people around a table in Washington. Im going to be paying social security my whole life and I’m lucky if I see a penny from it.
We are very privileged in the west to have bank accounts and access to financial products. A lot of the world does not have that but they do have an internet connection and can access bitcoin.
The beautiful thing is that the market will decide over time. Me and your opinion don’t matter in long run.