Dude, why would you let it bother you, these are the fun times. Just wade into one and see where it takes you. I just had a guy tell me to shove a dildo up my ass and to shut up fag. It's fantastic on so many levels.
You got to ride the GODL rocket up because honestly they are a lot more depressing when it goes down and they start posting suicide chat lines on rbitcoin. The fact that they think we care about the price is just icing.
In much the same way the guy telling me to shove the dildo needs to cash out some of his satoshis and head to the nearest sex store and explore what it is that's bothering him. I was going to suggest that to him but he blocked me.
I just can't believe they could be so brazenly and openly hypocritical. Like many people who are hypocrites they try to at least hide or deflect it, but these ones are not only being hypocrites but are seemingly even proud of it. Like they only seem to care about the "rate" to USD when it goes up but when it goes down it goes back to "1 BTC = 1 BTC".
Because they are cultists, this is not about logic. And I also think you are wrong, most hypocrites never understand that they are and thus don't hide or deflect anything (and on some level we all are).
The very fact that they come here at all is so ridiculous. We are a tiny minority of people who just love to chuckle at their shit. Why would they even care about us at all?
Because we are the only ones who will engage. They rest of the world just tells them to shut up and go away. That's their real problem. I love it that they are so focused on us.
> The very fact that they come here at all is so ridiculous. We are a tiny minority of people who just love to chuckle at their shit. Why would they even care about us at all?
Exactly. Why aren't they out driving around in their lambos or relaxing on their yachts? Instead they come here to "rub it in."
>most hypocrites never understand that they are and thus don't hide or deflect anything (and on some level we all are).
Well, from experience, it seems that BTC hypocrites at least are aware and are even doing it on purpose.
I don't know, I think most of these people are post 2021 people who all seemed to have bought at "16K". Do I think most or all of them are liars, sure, but that just makes it more delicious.
I’m not sure about this, when I was 19 I definitely did better things with my days than shitposting on Reddit or whatever the equivalent. Maybe I just backslid on maturity.
Yeah. I was working service jobs, fucking coworkers, doing drugs and looking for fun. That was 30 years ago and I regret nothing. I do cringe to think about whatever bullshit i pontificated back then hanging out with my friends, but they were clueless too, so it’s all good. We were sick of “the man” but it was the 90s and honestly we didn’t know how good we had it at the time. I didn’t realize how stupid young people are until about 30.
You're likely talking about different kind of BTC holders. There are those who are 100% in it for bitcoin and will never sell and there are those who will sell, so it's natural to measure it using USD. Even if they sell, they will likely buy back in after a correction an still support the fundamentals of bitcoin.
Money is a tool used for accounting and measuring who owes who what. It's not possible to spend bitcoins in the same way that everyone spends real money - which means that bitcoin is **not** money.
I can walk up to the train station, buy a ticket with AUD, catch a train, go into the city, and then purchase a meal with AUD. Then, if I want to send a parcel to someone, I can pay for postage using AUD. I can go to the supermarket and buy food with AUD. I can do *all* of these things, with AUD, and all I have to worry about in the way of transaction fees is the occasional 2% credit card surcharge which can be avoided by simply using cash.
If I want to do the same thing with BTC, I can't even get on the train. Suppose I walk to the city. There are ZERO venues that accept bitcoins in the entire central business district. Okay, no food. Go to the post office, and they don't accept bitcoins either. Time to go to the supermarket, and of course, nothing.
Bitcoin isn't money.
Because they’re assholes who want to rub it in everyone’s face. Until the price drops again and then it’s *right* back to “1 BTC = 1 BTC” or “buy the dip”. They need validation that they didn’t burn their money and that they’re right, so when price goes up it’s out of the echo chambers and into the wilds to prove all those “normies” were wrong.
The flip side of "have fun staying poor" is the assumption of "I'm now rich" which is usually a reference to unrealised gains because they haven't cashed out yet. For a lot of them, they don't yet realise that isn't going to end well.
They were probably taking advantage of the buying opportunity and loading bags. There were loads of “btc is on discount” posts, obviously the crypto related subs/facebook groups start gaining more popularity when the price begins to rises, it’s really not complicated. 😂
You're getting downvoted because you only engaged with OPs point at a surface level. You really only addressed the headline, while ignoring how they point out the ways in which your near total silence during the bear markets betrays your hypocrisy.
It sucks when it goes down, but if you zoom out the bigger picture of past ten years is still positive. Some of us aren’t brain dead and understand the risks and only put in what we can afford
You didn't respond to my question. How come when the price was going down, Bitcoin proponents kept repeating "1 BTC = 1 BTC", but when it went up again that argument largely disappeared?
You are deflecting here. Let me rephase it for you.
Back when the price of crypto crashed last year, whenever people were bringing up the value of BTC relative to the dollar, people kept saying "1 BTC = 1 BTC" and the price didn't actually matter. However, now that the price has gone back up, people stopped using that response when talking about the value of BTC. Why is that?
Actually, why do you even care about the price in the first place? Isn't Bitcoin a crypto*currency*? Isn't that why it's called Bit*coin*? Why do you care about its price when its original intended goal was to buy stuff, not to be a store of value?
Who cares about original intended use case ? Viagra was originally designed to lower blood pressure, it turns out it has other interesting effects. Same thing with btc. To answer your question about price: its price is a measure of its adoption and success. There are other measures, but dismissing the price is just dumb.
> It sucks when it goes down, but if you zoom out the bigger picture of past ten years is still positive.
By the very nature of the system, most of the money enters at the high points, not the lows. "Just compare with ten years ago" is highly misleading because you almost certainly didn't buy in ten years ago, you bought in now, or in the last bull run.
But it actually doesn't matter because at the end of the day, the average dollar spent buying bitcoin has resulted in a loss for the buyer. Always has, and always will. Some people can get lucky and beat this average, but only by making someone else loose even more. **That** is the real big picture here, when it comes to bitcoin as an investment.
Which part? The fact that most people bought in near the top is just the nature of markets: price goes up when there's more interest in buying coins than selling them, and down when it's the opposite. The fact that the purchase of bitcoin has resulted in a loss is just a mathematically provable fact which follows from the nature of bitcoin (namely, the fact that the only thing you can do with a sat is to sell/transfer it, and the fact that miners sell the coins they create for a positive amount of dollars).
No, stocks are not a negative sum game. Dividends and buybacks allow investors to make revenue without that money coming from other investors. No such mechanism exists for buying cryptocurrencies.
BTC's ATH was Nov 12 2021 at $65k. It is down from that all time high. If you bought at the low point 5 years ago yeah you'd be up. But overall it is down in the 5 year term. That's how that works.
They are all stupid and brain dead here. Sorry to say it like this. I also got down voted, because I told the truth which is backed by science. Just a 1 minute Google search will show how wrong they are on so many levels.
This always happens. I do think BTC is going to go up though because the tutes and hedgies now smell blood and see BTC as a potential for wealth transfer. The ETFs are a familiar vehicle to the common man meant to accomplish exactly this.
Only problem is the wealth disparity in this country (USA) is at an all time high and the once bloated carcass ripe for the scavenging is now reduced to mostly bones with pockets of rich marrow yet to be consumed. The whales and sharky market makers can only keep up the ruse for so long without lifeblood from the masses without cannibalizing themselves.
So how long will this continue to rise? Who knows. Wouldn’t be surprised to see it blast past ATH and hit close to 100k. To me it just seems like one big ruse with the wall street guys licking their chops at opportunity. BTC is not nearly as decentralized as people tote and without any real utility, BTC is extremely risk on and based solely on hype and faith in the idea. If I had a couple extra mil sitting around I’d throw it in though and play the tides.
Except data showed that the ETFs didn't actually do much to the market and mostly resulted in money circulating from existing stuff instead of new money entering the system. Even with the ETFs being approved, there's barely any new blood actually getting into crypto given that most of the people the ETFs were intended to target already got in ages ago.
The creation of the ETFs is just the beginning. The door is open. I am almost certain wealth manager cronies will soon begin to incorporate BTC ETFs into retirement funds. “Tech” mutual funds will see the same. Most people don’t even check their 401k. These wealth management and retirement vehicles could become giant money siphons used against the working class.
Forced adoption of BTC in a manner described above is a very real possibility. As a retail guy, maybe ride the wave? Wealth disparity in this country will only continue to increase, though crisis should eventually bar the way.
I literally own zero bitcoin or any crypto for that matter. You may be comfortable but you are very clearly a simpleton unable to conduct yourself in discussion. Though something tells me you’re completely ok with that 😂.
And you're suggesting people into BTC and crypto aren't themselves greedy? I mean, when people who are into BTC just keep bragging about their gains and how others are poor...
Greed is normal my friend. It’s an intrinsic trait of human beings. Greed on the scale of the ultra wealthy and thus powerful is on a very different level than the retail BTC maxi.
Because all the intelligent people bought when it was cheaper. And now we are all sitting on a fortune while you guys missed out. But you will learn one day that Bitcoin is financially freedom.
Let's talk again when Bitcoin hits 1 million in a couple of years.
It's really funny when you go into their profile and it's just zero activity for two years.
The only thing that annoys me is they are starting to use throwaway accounts instead because we kept laughing at their posting history.
I love these times.
I find it especially amusing when they get into long arguments about how Bitcoin is actually a positive sum game when the price is high. Adorable!
Not really, BTC was always a part of the fiat system. I'm half surprised you guys aren't digging through Satoshi emails for some juicy quotes and posts.
He makes fun of butters too
Dude, why would you let it bother you, these are the fun times. Just wade into one and see where it takes you. I just had a guy tell me to shove a dildo up my ass and to shut up fag. It's fantastic on so many levels. You got to ride the GODL rocket up because honestly they are a lot more depressing when it goes down and they start posting suicide chat lines on rbitcoin. The fact that they think we care about the price is just icing.
They think we care about the price because it's the ***only*** thing they care about, and they can't imagine any other point of view beyond that one.
In much the same way the guy telling me to shove the dildo needs to cash out some of his satoshis and head to the nearest sex store and explore what it is that's bothering him. I was going to suggest that to him but he blocked me.
I just can't believe they could be so brazenly and openly hypocritical. Like many people who are hypocrites they try to at least hide or deflect it, but these ones are not only being hypocrites but are seemingly even proud of it. Like they only seem to care about the "rate" to USD when it goes up but when it goes down it goes back to "1 BTC = 1 BTC".
Because they are cultists, this is not about logic. And I also think you are wrong, most hypocrites never understand that they are and thus don't hide or deflect anything (and on some level we all are). The very fact that they come here at all is so ridiculous. We are a tiny minority of people who just love to chuckle at their shit. Why would they even care about us at all? Because we are the only ones who will engage. They rest of the world just tells them to shut up and go away. That's their real problem. I love it that they are so focused on us.
> The very fact that they come here at all is so ridiculous. We are a tiny minority of people who just love to chuckle at their shit. Why would they even care about us at all? Exactly. Why aren't they out driving around in their lambos or relaxing on their yachts? Instead they come here to "rub it in."
They come here to rub it in because the only other option is to stay on rbitcoin and rub it out.
From the sounds of it they might need to drive their bimbos more.
>most hypocrites never understand that they are and thus don't hide or deflect anything (and on some level we all are). Well, from experience, it seems that BTC hypocrites at least are aware and are even doing it on purpose.
I don't know, I think most of these people are post 2021 people who all seemed to have bought at "16K". Do I think most or all of them are liars, sure, but that just makes it more delicious.
They’re children. Think about how you behaved when you were 19.
I’m not sure about this, when I was 19 I definitely did better things with my days than shitposting on Reddit or whatever the equivalent. Maybe I just backslid on maturity.
Yeah. I was working service jobs, fucking coworkers, doing drugs and looking for fun. That was 30 years ago and I regret nothing. I do cringe to think about whatever bullshit i pontificated back then hanging out with my friends, but they were clueless too, so it’s all good. We were sick of “the man” but it was the 90s and honestly we didn’t know how good we had it at the time. I didn’t realize how stupid young people are until about 30.
You're likely talking about different kind of BTC holders. There are those who are 100% in it for bitcoin and will never sell and there are those who will sell, so it's natural to measure it using USD. Even if they sell, they will likely buy back in after a correction an still support the fundamentals of bitcoin.
What are the 'fundamentals' when you refuse to sell and yet it's essentially impossible to spend Bitcoin?
The fundamental belief in hard money.
Money is a tool used for accounting and measuring who owes who what. It's not possible to spend bitcoins in the same way that everyone spends real money - which means that bitcoin is **not** money. I can walk up to the train station, buy a ticket with AUD, catch a train, go into the city, and then purchase a meal with AUD. Then, if I want to send a parcel to someone, I can pay for postage using AUD. I can go to the supermarket and buy food with AUD. I can do *all* of these things, with AUD, and all I have to worry about in the way of transaction fees is the occasional 2% credit card surcharge which can be avoided by simply using cash. If I want to do the same thing with BTC, I can't even get on the train. Suppose I walk to the city. There are ZERO venues that accept bitcoins in the entire central business district. Okay, no food. Go to the post office, and they don't accept bitcoins either. Time to go to the supermarket, and of course, nothing. Bitcoin isn't money.
Yawn. Except noone wants to spend it out use it in any way as money
New rule - you only get to gloat if you post screenshots of your sells
Because when the price goes up the crypto boards fill up with 16 year old idiots.
Because they’re assholes who want to rub it in everyone’s face. Until the price drops again and then it’s *right* back to “1 BTC = 1 BTC” or “buy the dip”. They need validation that they didn’t burn their money and that they’re right, so when price goes up it’s out of the echo chambers and into the wilds to prove all those “normies” were wrong.
The flip side of "have fun staying poor" is the assumption of "I'm now rich" which is usually a reference to unrealised gains because they haven't cashed out yet. For a lot of them, they don't yet realise that isn't going to end well.
Do you have any source ?
For what?
They were probably taking advantage of the buying opportunity and loading bags. There were loads of “btc is on discount” posts, obviously the crypto related subs/facebook groups start gaining more popularity when the price begins to rises, it’s really not complicated. 😂
OP needs to understand that people within a group are not a monolith
We've been saying it through the crash too. It's always been about long time horizon.
Do you own any Bitcoin?
We were DCA’ing
You're getting downvoted because you only engaged with OPs point at a surface level. You really only addressed the headline, while ignoring how they point out the ways in which your near total silence during the bear markets betrays your hypocrisy.
It sucks when it goes down, but if you zoom out the bigger picture of past ten years is still positive. Some of us aren’t brain dead and understand the risks and only put in what we can afford
Then why aren't your people saying "1 BTC = 1 BTC" anymore when it was all over Bitcoin Reddit when the price was going down?
“My people.” Dude y’all are wild….
You didn't respond to my question. How come when the price was going down, Bitcoin proponents kept repeating "1 BTC = 1 BTC", but when it went up again that argument largely disappeared?
I’m so confused how saying 1 btc = 1 btc is a flex so I don’t even understand your question. 1 btc is literally 1 btc.
You are deflecting here. Let me rephase it for you. Back when the price of crypto crashed last year, whenever people were bringing up the value of BTC relative to the dollar, people kept saying "1 BTC = 1 BTC" and the price didn't actually matter. However, now that the price has gone back up, people stopped using that response when talking about the value of BTC. Why is that?
Interesting…. Nope, you win there. Not sure
Actually, why do you even care about the price in the first place? Isn't Bitcoin a crypto*currency*? Isn't that why it's called Bit*coin*? Why do you care about its price when its original intended goal was to buy stuff, not to be a store of value?
Who cares about original intended use case ? Viagra was originally designed to lower blood pressure, it turns out it has other interesting effects. Same thing with btc. To answer your question about price: its price is a measure of its adoption and success. There are other measures, but dismissing the price is just dumb.
So you're admitting it was never about being an alternative currency but it was a way to get rich, gotcha.
> It sucks when it goes down, but if you zoom out the bigger picture of past ten years is still positive. By the very nature of the system, most of the money enters at the high points, not the lows. "Just compare with ten years ago" is highly misleading because you almost certainly didn't buy in ten years ago, you bought in now, or in the last bull run. But it actually doesn't matter because at the end of the day, the average dollar spent buying bitcoin has resulted in a loss for the buyer. Always has, and always will. Some people can get lucky and beat this average, but only by making someone else loose even more. **That** is the real big picture here, when it comes to bitcoin as an investment.
Would love to see where you came up with this…
Which part? The fact that most people bought in near the top is just the nature of markets: price goes up when there's more interest in buying coins than selling them, and down when it's the opposite. The fact that the purchase of bitcoin has resulted in a loss is just a mathematically provable fact which follows from the nature of bitcoin (namely, the fact that the only thing you can do with a sat is to sell/transfer it, and the fact that miners sell the coins they create for a positive amount of dollars).
By your logic the stock market is also a big ponzi I guess ?
No, stocks are not a negative sum game. Dividends and buybacks allow investors to make revenue without that money coming from other investors. No such mechanism exists for buying cryptocurrencies.
BTC is down overall so no. It is not up over the last 10 years. It's not even up over the last 5 years.
What chart are you looking at lmao. It was 11k 5 years afo
BTC's ATH was Nov 12 2021 at $65k. It is down from that all time high. If you bought at the low point 5 years ago yeah you'd be up. But overall it is down in the 5 year term. That's how that works.
Lmao do a 5 year price average. This is a wild take
And wait until EOD and it doesn’t seem like even this argument will stand lmao
This isn't an argument. This is me stating fact. If you wanna argue about BTC we can do that, but that isn't what we are doing right now.
So do we calculate gains by 5 year low then too? If that’s how this works?
Because in March 2019 (when I started investing or slightly after), btc was 3k…. So…… anyways, I’m done with this thread for today 🫡
I answered your question. Why am I getting down voted 😂
They are all stupid and brain dead here. Sorry to say it like this. I also got down voted, because I told the truth which is backed by science. Just a 1 minute Google search will show how wrong they are on so many levels.
This. Let's talk to them in a couple of years when we hit 1 million.
Department of Consumer Affairs?
Disco Congregation Authority
lol see you at 100k bitch
Flashbacks to 2020
This always happens. I do think BTC is going to go up though because the tutes and hedgies now smell blood and see BTC as a potential for wealth transfer. The ETFs are a familiar vehicle to the common man meant to accomplish exactly this. Only problem is the wealth disparity in this country (USA) is at an all time high and the once bloated carcass ripe for the scavenging is now reduced to mostly bones with pockets of rich marrow yet to be consumed. The whales and sharky market makers can only keep up the ruse for so long without lifeblood from the masses without cannibalizing themselves. So how long will this continue to rise? Who knows. Wouldn’t be surprised to see it blast past ATH and hit close to 100k. To me it just seems like one big ruse with the wall street guys licking their chops at opportunity. BTC is not nearly as decentralized as people tote and without any real utility, BTC is extremely risk on and based solely on hype and faith in the idea. If I had a couple extra mil sitting around I’d throw it in though and play the tides.
Except data showed that the ETFs didn't actually do much to the market and mostly resulted in money circulating from existing stuff instead of new money entering the system. Even with the ETFs being approved, there's barely any new blood actually getting into crypto given that most of the people the ETFs were intended to target already got in ages ago.
Are you serious. I can't no more.
The creation of the ETFs is just the beginning. The door is open. I am almost certain wealth manager cronies will soon begin to incorporate BTC ETFs into retirement funds. “Tech” mutual funds will see the same. Most people don’t even check their 401k. These wealth management and retirement vehicles could become giant money siphons used against the working class.
You make fund managing sound so much more exciting than it actually is lol. You make these people sound like super villains. It's cartoonish.
Forced adoption of BTC in a manner described above is a very real possibility. As a retail guy, maybe ride the wave? Wealth disparity in this country will only continue to increase, though crisis should eventually bar the way.
Lmao, that's not forced adoption. I'm also pretty comfortable in my economic position. Have fun with your "sats" and echo chambers though. 🤙
I literally own zero bitcoin or any crypto for that matter. You may be comfortable but you are very clearly a simpleton unable to conduct yourself in discussion. Though something tells me you’re completely ok with that 😂.
Ok bro. Like I said enjoy.
You are underestimating the power of greed and the delusion of the fat cats on wall street.
And you're suggesting people into BTC and crypto aren't themselves greedy? I mean, when people who are into BTC just keep bragging about their gains and how others are poor...
Greed is normal my friend. It’s an intrinsic trait of human beings. Greed on the scale of the ultra wealthy and thus powerful is on a very different level than the retail BTC maxi.
You have a twelve-year-old’s understanding of how that works. Stop reading cult literature and actually DYOR.
When it crashed last year, thats when all the smart people buy more. Thats how you make money. Very very simple to understand
So what do you call the people buying now?
Because all the intelligent people bought when it was cheaper. And now we are all sitting on a fortune while you guys missed out. But you will learn one day that Bitcoin is financially freedom. Let's talk again when Bitcoin hits 1 million in a couple of years.
Keep dreaming, buddy
It's just human nature and I'd be concerned if it didn't happen.
I don't remember it being this bad back at the ATH. Maybe it really is paid trolls this time.
It's really funny when you go into their profile and it's just zero activity for two years. The only thing that annoys me is they are starting to use throwaway accounts instead because we kept laughing at their posting history.
I love these times. I find it especially amusing when they get into long arguments about how Bitcoin is actually a positive sum game when the price is high. Adorable!
Not really, BTC was always a part of the fiat system. I'm half surprised you guys aren't digging through Satoshi emails for some juicy quotes and posts. He makes fun of butters too