Trump embraces fake money called bitcoin

[Andrew_Jackson_FTW]

not really a scam but it's virtual cash which can virtually go away if the market dictates it

There’s more to it than that. Quite difficult to explain but the bitcoin is not going anywhere.

Especially with major hedge funds and corporations adding it to their own portfolio.

People have been saying the same thing as you for the past 15 years. It’s just like with any equity there’s risk when investing. So it is certainly unlike a Ponzi scheme because there’s no guarantee given to you when you invest that you will make money.

 

[egp320i]

There’s more to it than that. Quite difficult to explain but the bitcoin is not going anywhere.

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Especially with major hedge funds and corporations adding it to their own portfolio.

People have been saying the same thing as you for the past 15 years. It’s just like with any equity there’s risk when investing. So it is certainly unlike a Ponzi scheme because there’s no guarantee given to you when you invest that you will make money.

you need more than that, the power it will take for the amount you will get is just not worth it
sure if you have 2K in GPU's and you run them 24/7 but you won't make money unless you hit one coin which could take years

I mined litecoin for awhile and made 50 cents, probably spent 5 bucks on power

it might be the big one but many smaller cryto have not done very well, it could go down the toilet in price

a good portion of bitcoin has been mined, the less there are until it's gone the harder it is to get to that last block

at first it was like gold on the surface but now you must spend $$ to dig deep in the earth to find that last gold vein

 

[Andrew_Jackson_FTW]

you need more than that, the power it will take for the amount you will get is just not worth it
sure if you have 2K in GPU's and you run them 24/7 but you won't make money unless you hit one coin which could take years

I mined litecoin for awhile and made 50 cents, probably spent 5 bucks on power

it might be the big one but many smaller cryto have not done very well, it could go down the toilet in price

a good portion of bitcoin has been mined, the less there are until it's gone the harder it is to get to that last block

at first it was like gold on the surface but now you must spend $$ to dig deep in the earth to find that last gold vein

Oh sure like with equities there are many bad coins to get involved in. But the major ones like Solana, Ethereum XRP are doing very well during the recent crypto surge some of them even faring better than bitcoin…. along with alt coins, like doge coin, Pepe coin all up in the past few weeks.

This is why it is difficult to explain the grand picture of bitcoin. OK here are the two most critical points imo. For 15 years people have been saying that the coin will collapse. And secondly major hedge funds and companies are adding huge amounts of bitcoin to their portfolio. I rest my case on those 2 alone.

 

[Rambunctious]

My brother bought bitcoin from a guy at a bar way back in the late nineties... I think he got talked into $250 bucks worth... I figured he got ripped off but the guy had a good spiel... I almost bought some too... well I didn't and I watched by brother sell his bitcoin for 45 thousand dollars 20 years later...

 

[Deplorable Yankee]

Trump Launches US Strategic Bitcoin Reserve, 'Digital Asset Stockpile'

President Donald Trump signed an executive order establishing a U.S. strategic bitcoin reserve, as well as a "digital asset stockpile" for other cryptocurrencies, but put potential limits on buying more of the tokens beyond what is held by the federal government.

www.investopedia.com

It is stunning that President Trump has actually decided to give credibility to fake money, which ought to remind students of history of the Duke of Orleans and John Law’s fake money scheme which ended in the Mississippi Bubble and the good people of France paying the price of John Law’s fake money.

Has anyone noticed when our big media talks about “bitcoin” the following image is shown?

And that is part of the con . . . there is no tangible thing as a bitcoin, it has no intrinsic value its worth is based upon abstract figures generated by the human mind, and most importantly, it is trading in the shadow and not the substance. And that is why its advocates have invented an image of a bitcoin . . . a necessary gimmick in giving credibility to an illusion.

Hopefully someone during Trump’s next news conference will ask President Trump to display one of the “bitcoins” he’s decided to stockpile at the taxpayer’s expense.

You should be buying and holding some

Like xrp ...buy and hold only what youre willing to lose
I was in at 50 cents and again at a dollar

 

[Deplorable Yankee]

1 bit coin

$118,488.30 USD

 

[Deplorable Yankee]

1 Ethereum

3,350.26USD

 

[egp320i]

My brother bought bitcoin from a guy at a bar way back in the late nineties... I think he got talked into $250 bucks worth... I figured he got ripped off but the guy had a good spiel... I almost bought some too... well I didn't and I watched by brother sell his bitcoin for 45 thousand dollars 20 years later...

how is that possible? you can't buy bitcoin, you need to use that wallet system to electronically transfer to another account. both your brother and this person would need to link their wallets

same as giving somebody your bank account and routing number

at a bar? I am shocked this worked out well actually

hey,you want to download an app on your phone so I can sell you this virtual currency?

sounds great! show me what to do

I can't imagine how the conversation went to this person trying to sell bitcoin at a bar, not exactly
something you talk about while watching sports and drinking beer.....just saying

 

[luiza]

ZERO RELATIONSHIP TO PONZI OR PYRAMID

Learn
Bitcoin is not a ponzi scheme. It is not a pyramid scheme either.
Bitcoin is a bearer asset that does not rely on recruiting new users or paying returns from new investments.
Instead, Bitcoin is a decentralized digital asset whose value is driven by market demand and supply.

Understanding real-world examples of ponzi and pyramid schemes highlights their reliance on deception and constant recruitment, making a sharp contrast with Bitcoin’s transparent ledger, fixed supply, and decentralized global network.

 

[egp320i]

ZERO RELATIONSHIP TO PONZI OR PYRAMID

Learn
Bitcoin is not a ponzi scheme. It is not a pyramid scheme either.
Bitcoin is a bearer asset that does not rely on recruiting new users or paying returns from new investments.
Instead, Bitcoin is a decentralized digital asset whose value is driven by market demand and supply.

Understanding real-world examples of ponzi and pyramid schemes highlights their reliance on deception and constant recruitment, making a sharp contrast with Bitcoin’s transparent ledger, fixed supply, and decentralized global network.

what does that correlate with the above thread?
apparently you are big fan boy of bitcoin, well good for you

you are trying to give me some history lesson on bitcoin, I actually don't care, don't use it and never will

apparently you can't figure out the disagree with fake news yet

nothing I said was fake news, been building computers for over 25 years, I know more than you do likely

if you want to invest is virtual currency then go for it, it's your money to lose like a penny stock hoping they cure cancer and it goes through the roof.........haha

99% of the time they run out of money and they go under.........and you lose everything invested

 

[luiza]

you are trying to give me some history lesson on bitcoin, I actually don't care, don't use it and never will

Nobody asked you .
It's your choice to find your own level of failure .

So sad that it has not performed well .
Only up from Zero to $119 000 and likely to be $200 000 by year end if the Re-Set arrives fast .

Also sad that you could not see that my post was an obvious rebuttal of the Topic .
Maybe more General Comprehension study would have helped you .

Trumpfy and the Elite need to find ways to make Crypto make Govermnent coffers swell which will be interesting to watch as the the whole basis of Blockchain is Decentralisation .

Why not build a Quantum Computer and ask it if it can solve that fundamental difficulty .

 

[egp320i]

Nobody asked you .
It's your choice to find your own level of failure .

So sad that it has not performed well .
Only up from Zero to $119 000 and likely to be $200 000 by year end if the Re-Set arrives fast .

Also sad that you could not see that my post was an obvious rebuttal of the Topic .
Maybe more General Comprehension study would have helped you .

Trumpfy and the Elite need to find ways to make Crypto make Govermnent coffers swell which will be interesting to watch as the the whole basis of Blockchain is Decentralisation .

Why not build a Quantum Computer and ask it if it can solve that fundamental difficulty .

LOL, so if you are not on the bitcoin bandwagon you are a failure? well you just called a good portion of those here losers.

up from zero to 200? WTF are you talking about? how far back do you need to go when it was zero?

as I stated, early on it was like buying a penny stock, 99% of the time they go under

so bitcoin did not......well hindsight is awesome huh?

those who got into bitcoin early were gamblers! just call it what it is instead of being all high and mighty about it

 

[Rambunctious]

how is that possible? you can't buy bitcoin, you need to use that wallet system to electronically transfer to another account. both your brother and this person would need to link their wallets

same as giving somebody your bank account and routing number

at a bar? I am shocked this worked out well actually

hey,you want to download an app on your phone so I can sell you this virtual currency?

sounds great! show me what to do

I can't imagine how the conversation went to this person trying to sell bitcoin at a bar, not exactly
something you talk about while watching sports and drinking beer.....just saying

It was a different time back then... e transfers were not a thing yet... you had to write a check we didn't have smartphones... cell phones were new... it sounded like it could be a scam so I didn't buy... but my brother had bucks so he took a shot... the guy had all the credentials and was a good salesman... several people in the bar knew him and also bought bitcoin stock from him...

 

[Andrew_Jackson_FTW]

The golden triangle is forming as they say. Ethereum Dogecoin and XRP are having phenomenal weeks. Wooo!



A feel good moment for all of those who held the line back in April when a lot of people are saying “oh everything is going to crash The market is going to crash”

In fact that was a buying opportunity that’s what that was. I bought up some more stock and coins then …. Funny thing is I wish I would’ve bought more than but it’s all good. A profit is a profit. I’m happy with where I’m at. Hats off to those who took a big shot at buying the dip back in April.

XRP is at an all-time high and keeps going higher. Ethereum has not even hit its previous all-time high perhaps this year it gets up to $5000 per coin. Bitcoin has already surged past its all-time high with new targets of hitting 200 K per coin this year.

 

[Andrew_Jackson_FTW]

Today alone Ethereum is up 8%, Dogecoin is up 11% in XRP is up 19%. This sort of stuff that dreams are made of. And it’s gonna keep going up from here.

 

[Andrew_Jackson_FTW]

 

[Couchpotato]

.

Except the gold I have in my hand.

Precious metals always have been and always will be money.

The most secure money on the planet.

I'm not worried about what President Trump says about Bitcoin.


.

Gold is really no different than paper money. We all just agree that it’s worth something. It has no real/actual value.

 

[OhPleaseJustQuit]

Gold is really no different than paper money. We all just agree that it’s worth something. It has no real/actual value.

.

That's why it's been hat people have used to pay their debts for thousands of years?


.

 

[Deplorable Yankee]

Today alone Ethereum is up 8%, Dogecoin is up 11% in XRP is up 19%. This sort of stuff that dreams are made of. And it’s gonna keep going up from here.

Xrp has potential
I said this a few times everytime crypto comes up
My brother told me to buy bitcoins and ethers years ago and I did..

I sold a lot of what I held onto ...now its all profit anyway so it doesn't matter if it collapses to zero.But I still have a nice chunk thats now worth crazy amount of money.. I just sit on it.He's been saying for years.It's going to a 1/2 a million.
I still have a nice chunk

I was buying in 6, 7, 8k range lol they're 100 k now

etheriums I was buying 800 bucks...they crashed to hundred dollars and I was contemplating doing 20 k...I never pulled the trigger ... I.Did buy more but not twenty grand more.... shoulda woulda coulda ....

Before I got banned a few months ago .I was telling these clowns to buy xrp and hold ....it's back there

 

[Couchpotato]

.

That's why it's been hat people have used to pay their debts for thousands of years?


.

And? It has no REAL value other than what we have all agreed to. You can't eat it or drink it. It doesn't provide shelter. It's a finite resource which we can generally predict the availability of. It's just easier to carry around a bit of gold/money/bitcoin than a bushel of apples or wheat to trade for whatever it is you want/need. Why do you accept dollars as payment for work or in exchange for goods? Because you know you can then exchange those dollars for goods/services that you want. Gold is exactly the same thing. The reason the dollar loses value is because they just keep printing it which makes them less of a finite resource. Bitcoin (crypto currency) solves that problem among other issues with traditional money or gold.