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

[homie1975]

still hanging on for the long ride.

slow speed rollercoaster, no problem.

i'm not going anywhere.

 

[b85000742]

Bitcoin has a few unique aspects that make it stand out. It's often preferred due to its first-mover advantage and brand recognition. Additionally, its limited supply of 21 million coins adds scarcity, potentially boosting long-term value. Regarding security, Bitcoin extensive decentralized network enhances resistance against attacks.

 

[homie1975]

Bitcoin has a few unique aspects that make it stand out. It's often preferred due to its first-mover advantage and brand recognition. Additionally, its limited supply of 21 million coins adds scarcity, potentially boosting long-term value. Regarding security, Bitcoin extensive decentralized network enhances resistance against attacks.

these are two of the top reasons why i decided to focus on it vs alt-coins.

 

[jjgold]

Bitcoin was done years ago

rarely moves like most currencies

 

[Wagerallsports]

Holding strong after dropping a bit lately

 

[Pimike]

Has anyone tried moving Venmo bitcoin to a book or a different wallet?

 

[Pimike]

I am a firm believer in Ada

 

[homie1975]

just bought another decent sized bite of BTC at 26,600

LFG

 

[rolandcorts]

Wait til ~22,000 to buy back

 

[homie1975]

Wait til ~22,000 to buy back

another ~15% down from here is $22,500 or so.

I will likely scoop up more at 10% down from this spot right now which would put it at 23,850 or so.

 

[Pimike]

This is bad.

 

[Wagerallsports]

This is bad.

??

 

[Pimike]

??

JJ’s comemts

lol

 

[Ace7550]

If it goes below 20 I’ll be making a big buy. My buddy just bought 25k.
I think it’ll go below 20k before the next big run.
we’ll see…

 

[homie1975]

If it goes below 20 I’ll be making a big buy. My buddy just bought 25k.
I think it’ll go below 20k before the next big run.
we’ll see…

what if it drops to 20.5 or 21 and then bounces

you will kick yourself by saying it had to drop below 20 to buy.

 

[Pimike]

If it goes below 20 I’ll be making a big buy. My buddy just bought 25k.
I think it’ll go below 20k before the next big run.
we’ll see…

I don’t see that

 

[rolandcorts]

We're all just guessing but in my opinion BTC has failed to deliver on its initial premise. It's not going to disappear but noone is using it for actual real transactions which is its whole point. Without that, BTC will always need to be converted to fiat which means trust in a centralized authority, specifically exchanges, and the trust is not only with your funds, but reporting of your KYC info to govt.

The only KYC-free trading is just shitcoins for shitcoins. At the end of the day you need to be able to buy something real with it and there are centralized gatekeepers controlling it.

If you could buy groceries, a car, or a vacation with BTC, that wouldn't be true. But people are idiots and happily sacrificing their freedom to get dat sweeeet 1-2% cashback on their credit card. Next up, forearm chip implants for even more convenience & linked to a CBDC.

The future is bleak

 

[Ace7550]

what if it drops to 20.5 or 21 and then bounces

you will kick yourself by saying it had to drop below 20 to buy.

I already own quite a bit. I’ll be happy either way.

 

[Pimike]

Nice to see Bitcoin moving up

 

[vlad0211v]

Bitcoin indeed possesses several distinctive features that set it apart from traditional forms of currency. Its decentralized nature, limited supply, and cryptographic security contribute to its uniqueness. Additionally, the transparency and immutability of its blockchain make it a remarkable digital asset. As for transactions, its speed and relatively lower fees can be advantageous. If you're keen on privacy, you can consider buying bitcoin anonymously using platforms like Bitpapa. Remember, though, that while Bitcoin has its merits, Ethereum and other cryptos offer different features like smart contracts. It's good to diversify and choose based on your needs.