BITCOIN Discussion..........

[BigJay]

you seem very disgruntled overall like a person who has missed the boat one too many times.

 

[Ace7550]

And if your BTC seriously appreciates, it will put a huge damper on what you can spend it on. $10 million worth of Amazon gift cards?

What an awful problem to have. Whatever will I do???...

 

[raiders72001]

Bitrefill: Buy Gift Cards, eSIM & Airtime with Bitcoin or Crypto

Live on Crypto - Shop for Gift Cards, eSIMs, and Mobile Recharges with BTC, ETH, USDT, USDC, and more. Pay online with crypto in over 186 countries.

www.bitrefill.com

 

[Tanko]

Bitrefill: Buy Gift Cards, eSIM & Airtime with Bitcoin or Crypto

Live on Crypto - Shop for Gift Cards, eSIMs, and Mobile Recharges with BTC, ETH, USDT, USDC, and more. Pay online with crypto in over 186 countries.

www.bitrefill.com

Have you used this and are you a rewards member?
Just curious if its worth getting an account to get the rewards.

 

[rolandcorts]

Obviously most investors are holding it for some kind of retirement fund if you will, you seem very disgruntled overall like a person who has missed the boat one too many times.

I've been a heavy holder since 2016. No one is happier about this price increase than me. I have a plan for how to enjoy this BTC appreciation (and actually acquire meaningful goods/services). It seems others have not thought it through.

Of course for small/moderate amounts, gift cards work great. But if you live in the US and ultimately end up with 500k+, I hope you have your ass covered from Uncle Sam.

Saying you are "holding for a retirement fund" just means you're kicking the can down the road to a later date. Ultimately, that BTC will have to be sold, otherwise what's the point? That's all I'm saying.

 

[JDS]

I've been a heavy holder since 2016. No one is happier about this price increase than me. I have a plan for how to enjoy this BTC appreciation (and actually acquire meaningful goods/services). It seems others have not thought it through.

Of course for small/moderate amounts, gift cards work great. But if you live in the US and ultimately end up with 500k+, I hope you have your ass covered from Uncle Sam.

Saying you are "holding for a retirement fund" just means you're kicking the can down the road to a later date. Ultimately, that BTC will have to be sold, otherwise what's the point? That's all I'm saying.

Thanks for explaining excuse me for my wrong assumption. I’m glad you’re not in the US and I’m glad you have a significant amount, great combination.

 

[Wagerallsports]

Saying you are "holding for a retirement fund" just means you're kicking the can down the road to a later date. Ultimately, that BTC will have to be sold, otherwise what's the point? That's all I'm saying.

I’m not an expert at investing in bitcoin like most of you guys in this thread, but you took the words right out of my mouth

I thought the whole point was knowing when to cash out some for a profit, then repeat… ??

 

[Ace7550]

Sold, traded or exchanged. Sure that's correct. If you have anything and you want something else you can exchange one thing for another if someone is willing. Sometimes fiat is a useful tool to do this.

 

[Tanko]

I've been a heavy holder since 2016. No one is happier about this price increase than me. I have a plan for how to enjoy this BTC appreciation (and actually acquire meaningful goods/services). It seems others have not thought it through.

Of course for small/moderate amounts, gift cards work great. But if you live in the US and ultimately end up with 500k+, I hope you have your ass covered from Uncle Sam.

Saying you are "holding for a retirement fund" just means you're kicking the can down the road to a later date. Ultimately, that BTC will have to be sold, otherwise what's the point? That's all I'm saying.

I would love to have an offline discussion about this....
I am a holder but lost on action to take.

I do believe it is going to take off way above current expectations.
On Barchart. com today the CEO of Cryptoquant stated there will be a liquidity crisis in BTC by September.

• ETFs are sucking up the BTC
• They hold $30B and are sucking up max amounts

 

[rolandcorts]

I think BTC has failed as a currency, which I think Satoshi and Saylor have said for a while was inevitable. It's not really practical, similar to how gold as a currency isn't. It's correctly viewed as an asset or property (Saylor likens it to real estate -- you can't sell a chunk of your real estate to buy a coffee). It's not backed by anything but let's face it fiat isn't either, nor is gold. They just have a track record of being accepted, so everyone believes it'll be accepted, so it's self-reinforcing. BTC has been through so much (attempted hacks, attacks by government, etc.), and the special nature of its history gives it credibility (compared to the 99% of other shitcoins where one person can just print more -- absurd).

So I just view it as digital gold and just like gold, if the price were to skyrocket eventually you'd want to sell some.

It's nice that the mainstream losers can now finally buy BTC at their leisure through ETFs (because they're too dumb/lazy to get actual BTC). It really is possible that BTC can reach some insane highs.

I also am optimistic about bittensor TAO which is ~$650/coin now. The woke chatgpt, google gemini, OpenAI debacles have proven that we need open sourced, decentralized AI. Even if I lose money on it, I like to support things I actually believe in. BTC and TAO for me. Absolutely no ETH, SOL and for the love of God no NFTs please...

 

[stormtrooper8]

Good buying opportunities

Crypto will grow

 

[Ace7550]

I think BTC has failed as a currency, which I think Satoshi and Saylor have said for a while was inevitable. It's not really practical, similar to how gold as a currency isn't. It's correctly viewed as an asset or property (Saylor likens it to real estate -- you can't sell a chunk of your real estate to buy a coffee). It's not backed by anything but let's face it fiat isn't either, nor is gold. They just have a track record of being accepted, so everyone believes it'll be accepted, so it's self-reinforcing. BTC has been through so much (attempted hacks, attacks by government, etc.), and the special nature of its history gives it credibility (compared to the 99% of other shitcoins where one person can just print more -- absurd).

So I just view it as digital gold and just like gold, if the price were to skyrocket eventually you'd want to sell some.

It's nice that the mainstream losers can now finally buy BTC at their leisure through ETFs (because they're too dumb/lazy to get actual BTC). It really is possible that BTC can reach some insane highs.

I also am optimistic about bittensor TAO which is ~$650/coin now. The woke chatgpt, google gemini, OpenAI debacles have proven that we need open sourced, decentralized AI. Even if I lose money on it, I like to support things I actually believe in. BTC and TAO for me. Absolutely no ETH, SOL and for the love of God no NFTs please...

View attachment 30682

Well said Roland

 

[stormtrooper8]

I think BTC has failed as a currency

Why??

 

[rolandcorts]

Why??

There is almost nothing you can buy directly with it. Just like a brick of gold is a 'failed currency' too. I'm not saying BTC has failed overall, I just wished merchants accepted it. Imagine if every merchant accepted BTC, we could opt out of this fiat government scam.

 

[pieceofpi]

OK guys hodl your BTC forever without any plan to ultimately convert it to goods & services.

Bitcoin is a store of value. You are a dickhead.

Forever, Laura.

 

[raiders72001]

Have you used this and are you a rewards member?
Just curious if its worth getting an account to get the rewards.

I don't use it although I've read a lot of reports on it that it is legit.

 

[raiders72001]

I’m not an expert at investing in bitcoin like most of you guys in this thread, but you took the words right out of my mouth

I thought the whole point was knowing when to cash out some for a profit, then repeat… ??

I hold for close to 2 years, then sell most, not all. Then jump back in for the next bull run.

 

[raiders72001]

I would love to have an offline discussion about this....
I am a holder but lost on action to take.

I do believe it is going to take off way above current expectations.
On Barchart. com today the CEO of Cryptoquant stated there will be a liquidity crisis in BTC by September.

• ETFs are sucking up the BTC
• They hold $30B and are sucking up max amounts

900 BTC are created a day and Blackrock alone is buying more than that. After halving, 450 per day created.

 

[raiders72001]

I think BTC has failed as a currency, which I think Satoshi and Saylor have said for a while was inevitable. It's not really practical, similar to how gold as a currency isn't. It's correctly viewed as an asset or property (Saylor likens it to real estate -- you can't sell a chunk of your real estate to buy a coffee). It's not backed by anything but let's face it fiat isn't either, nor is gold. They just have a track record of being accepted, so everyone believes it'll be accepted, so it's self-reinforcing. BTC has been through so much (attempted hacks, attacks by government, etc.), and the special nature of its history gives it credibility (compared to the 99% of other shitcoins where one person can just print more -- absurd).

So I just view it as digital gold and just like gold, if the price were to skyrocket eventually you'd want to sell some.

It's nice that the mainstream losers can now finally buy BTC at their leisure through ETFs (because they're too dumb/lazy to get actual BTC). It really is possible that BTC can reach some insane highs.

I also am optimistic about bittensor TAO which is ~$650/coin now. The woke chatgpt, google gemini, OpenAI debacles have proven that we need open sourced, decentralized AI. Even if I lose money on it, I like to support things I actually believe in. BTC and TAO for me. Absolutely no ETH, SOL and for the love of God no NFTs please...

View attachment 30682

As piece said, it's a store of value and passed up silver.

 

[raiders72001]

There is almost nothing you can buy directly with it. Just like a brick of gold is a 'failed currency' too. I'm not saying BTC has failed overall, I just wished merchants accepted it. Imagine if every merchant accepted BTC, we could opt out of this fiat government scam.

You can buy most things with bitcoin. People live off it. They buy gift cards including Amazon.

Bitpay is a prepaid credit card. It's no longer available in the US but you just load crypto on the card.