WTF is now wrong, all cryptos down?

[cherry]

JackAlabama said:
well yeah, the price is the best marketing gimmick ever. And?
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And this: https://en.wikipedia.org/wiki/Pyramid_scheme. It rarely ends well.

JackAlabama said:
That depends highly on circumstances. It may or may is not.
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Most people's circumstances is definitely tracked and cucked to government reporting.

JackAlabama said:
Unclear as many are exchanges.
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I find it quite clear enough to raise concern with the masses should the issue politically blow up. Blackrock alone owns nearly 3% of all BTC.

JackAlabama said:
As are many other fiats or things 😉. Its just accounting.
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The 1987 Black Monday crash lost just 23% on the DOW. That's not even big by BTC's ability to crash.

JackAlabama said:
There is no intrinsic value anyway, its a moot point as all value is subjective and depends on the situation.
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Well then! If there is not intrinsic value, using it as a store of value is unwise.

JackAlabama said:
There are no high fees, otherwise just use lightning or liquid.
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They're high enough to make buying a pizza unfeasible. Most people don't know about Lightning. The fees could be overcome but the initial challenge was to point out flaws in BTC and the fees is one of them. Other coins have better fees.

JackAlabama said:
No. Its not 2017 any more. You really should upgrade your args.
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Skype was around for over 20 years then got washed up by Zoom in a few months.

Blackberry to iPhone

Nokia to Blackberry

These things happen all the time. BTC is not shielded from new fads like say, gold is, to call BTC a store of value.

Last edited: Jan 9, 2025

 

[cherry]

369 said:
Property and stocks in western countries i would disagree.
The first asset will need some patience but will be the most lucrativ one.
Would people understand what the new monetary system means to that assets which they don't even hide they would mainly focus on it.
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You are right. I included property and stocks as alternatives to BTC, but of course, they can absolutely crash along with the Western countries those properties and stocks are based in.

 

[JohnnyDoe]

Keep this discussion alive, it's being going on with the same arguments since 2011. Latecomers will buy at $1m anyway thu&¤#

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[daniels27]

JohnnyDoe said:
Keep this discussion alive, it's being going on with the same arguments since 2011. Latecomers will buy at $1m anyway thu&¤#
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2012 to be correct.
[COLOR=#ff8a80] N [/COLOR]

Thread 'QA to my project'​

Aug 14, 2012
Iam out to get a e-currency exchange and a bitcoin mining pool running.


I thought about a private bank account, a company account and a company setup.


Of course taxes also play a role but asset protection first.


The assets should be protected from the perspective of a european resident.


From previous research i know that i probably need regulation for that business, however, right now i don't know where to start.

• nereus
• Replies: 18
• Forum: Offshore Company

Nobody is forced to buy bitcoin. Neither in 2011 nor in 2111. It is absolutely voluntary. There are many things you can invest in and make money.

Last edited: Jan 9, 2025

 

[369]

JohnnyDoe said:
Keep this discussion alive, it's being going on with the same arguments since 2011. Latecomers will buy at $1m anyway thu&¤#
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The diffrence is crypto back then was being promoted to later implement the new monetary system.Right now in 2025 the first of two new monetary system are being implemented so you can't compare these to timeframes as being the same. at least it would be very unwise.
Even if bitcoin goes to 1000k thats like x12 currently.
I know mining companies who did better perfomance the last 12 months and they will clearly outperform bitcoin in the commodity cycle.
Small market caps mining companies will always outperform bitcoin now which has a big market cap when the fundamentals of the mining company are solid

 

[JackAlabama]

cherry said:
Coinbase is already doing this to people's crypto. BTC doesn't solve this as long as people are using it the regulated way, which is most of them
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again this is no arg. You can at least do it easily yourself, smth which is not possible with fiat. Only with gold its possible, but the more you have the harder it gets tho.

No serious person would use cb btw.

 

[JackAlabama]

cherry said:
And this: https://en.wikipedia.org/wiki/Pyramid_scheme. It rarely ends well.
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which is not the case here. Otherwise everything (and hence nothing) qualifies.

cherry said:
Most people's circumstances is definitely tracked and cucked to government reporting.
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And so what? Some people live under communist govs, some dont.

cherry said:
I find it quite clear enough to raise concern with the masses should the issue politically blow up. Blackrock alone owns nearly 3% of all BTC.
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Doesnt matter since its a pow system and not a pos system (like fiat or staking coins).

cherry said:
The 1987 Black Monday crash lost just 23% on the DOW. That's not even big by BTC's ability to crash.
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Some temp vola is no argument against it. You adjust with

cherry said:
Well then! If there is not intrinsic value, using it as a store of value is unwise.
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No totally not. It has been proven to be a great store. Also many people value it highly. You dont but thats ok.

cherry said:
They're high enough to make buying a pizza unfeasible. Most people don't know about Lightning. The fees could be overcome but the initial challenge was to point out flaws in BTC and the fees is one of them. Other coins have better fees.
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Nah. They will learn. Its very easy to use it.
Its just 3sats today, where do you even get these outdated ideas.

cherry said:
Skype was around for over 20 years then got washed up by Zoom in a few months.
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bitcoin is not a company (with an inept leadership). Its stronger today as ever clocking in 16 years.

cherry said:
Blackberry to iPhone

Nokia to Blackberry

These things happen all the time. BTC is not shielded from new fads like say, gold is, to call BTC a store of value.
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bitcoin is not a company (with an inept leadership). Its stronger today as ever clocking in 16 years.
Network effect fully support it.

You really need to upgrade your args. There are some things which could be (theoretically at least) concerning, but so far these have not been brought up, so Id wont mention it here.

 

[Bourne]

jorge said:
What's going on now? Today, all cryptocurrencies are dropping after showing nice gains over the past week. Are the large investors cashing in their profits now, or what is the reason?
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Relax, buddy, take a chill pill ... You're in for a wild ride if this little 10% drop is stressing you out honestly, it might be better to cash out everything now and save yourself some headaches. Crypto isn't for the faint-hearted...

 

[369]

JackAlabama said:
which is not the case here. Otherwise everything (and hence nothing) qualifies.

And so what? Some people live under communist govs, some dont.

Doesnt matter since its a pow system and not a pos system (like fiat or staking coins).

Some temp vola is no argument against it. You adjust with

No totally not. It has been proven to be a great store. Also many people value it highly. You dont but thats ok.

Nah. They will learn. Its very easy to use it.
Its just 3sats today, where do you even get these outdated ideas.

bitcoin is not a company (with an inept leadership). Its stronger today as ever clocking in 16 years.

bitcoin is not a company (with an inept leadership). Its stronger today as ever clocking in 16 years.
Network effect fully support it.

You really need to upgrade your args. There are some things which could be (theoretically at least) concerning, but so far these have not been brought up, so Id wont mention it here.
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never saw a more delusional reply than yours.You can call yourself a full crypto fan boy.

Bitcoin has been proven to be a store of value ROFL.......best joke ever
When cherry talks about 3% owned by BlackRock he doesn't mean taking control over POS but that the big players with their stake totaly control the price.
You clearly don't understand it as you always reply with some nonsense jada.If somebody controls 5% of a well distributed currency he basicly controls its price.Its 101 knowledge in economical schools.
Blackrock has 3% ,Satoshi 5% ,Microstrategy ? and now increase these numbers because arround 17% of all bitcoins are lost.
Satoshi simply needs to start selling and it will lead to a massiv dump including Microstrategy getting margin called.
I know your poor arguments people will buy the dip.Yeah how many more people are going to join BTC once they are burned this way and will see it as a store of value 🙂 .

bitcoin is not a company (with an inept leadership). Its stronger today as ever clocking in 16 years.
Network effect fully support it.
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So much nonsense it just gives someone headaches.You clearly don't understand bitcoin but only preach the crypto propaganda and nothing more.
Bitcoins mining power was over 51% in china located by a few big mining companies.Would be bitcoin really an enemy of fiat they could have killed bitcoin easily.Today bitcoin is minined mainly by big mining companies which would be easily controled by governments if intended.No retailers are mining bitcoin anymore so please don't call it decentralized as this is the biggest joke i ever hear.
Also what influence have retailers to the programers who decide about code and updates of bitcoin ?
NONE.So yeah this is really very secure because people who decide about bitcoins code are so high ethical and non influencable that it makes bitcoin the resistance currency to fiat ROFL......

Men you clearly live in a dream bubble and have no clue what is happening behind closed doors in the crypto space.Everyone only looking how to profit and scam others.

 

[JackAlabama]

Bourne said:
Relax, buddy, take a chill pill ... You're in for a wild ride if this little 10% drop is stressing you out honestly, it might be better to cash out everything now and save yourself some headaches. Crypto isn't for the faint-hearted...
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the easiest fix to address high vola is to reduce position size.
Maybe only 10% bitcoin and 90% fiat and for those who dont care about that vola its 90% bitcoin and 10% fiat.

 

[cherry]

JackAlabama said:
again this is no arg. You can at least do it easily yourself, smth which is not possible with fiat. Only with gold its possible, but the more you have the harder it gets tho.

No serious person would use cb btw.
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If the best argument for BTC is to compare it to fiat, then the arguments for BTC aren't strong. There are better assets than BTC, and better coins than BTC.

Correct, most serious people don't use Coinbase, but do the masses of sheep look like serious people to you? They dutifully sign up to these centralised exchanges and provide all the photographic and ID information needed to centralize their BTC with the government.

JackAlabama said:
bitcoin is not a company (with an inept leadership). Its stronger today as ever clocking in 16 years.
Network effect fully support it.
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It's not the company, it's the consumers jumping on the next new shiny thing being marketed to them.

When the gains run out of steam, the whales together with the mass of sheep, will move their BTC to the next speculative get rich quick scheme, maybe some new AI gimmick or something. What happens to the BTC price then?

 

[JackAlabama]

cherry said:
If the best argument for BTC is to compare it to fiat, then the arguments for BTC aren't strong. There are better assets than BTC, and better coins than BTC.
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Aristotles money characteristics plus ofc its vis a vis fiat.
whats better?

cherry said:
Correct, most serious people don't use Coinbase, but do the masses of sheep look like serious people to you? They dutifully sign up to these centralised exchanges and provide all the photographic and ID information needed to centralize their BTC with the government.
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they gonna do whatever they gonna do, it doesnt really matter.

cherry said:
It's not the company, it's the consumers jumping on the next new shiny thing being marketed to them.

When the gains run out of steam, the whales together with the mass of sheep, will move their BTC to the next speculative get rich quick scheme, maybe some new AI gimmick or something. What happens to the BTC price then?
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Again what you say has been said for like 10 years or more.

Did the how you call them condescendingly "the sheep" use a new tcp/ip, smtp or https today? They dont as it is the case with a monetary network.
There has been new / private internets etc, all tried and all failed.

 

[cherry]

JackAlabama said:
Aristotles money characteristics plus ofc its vis a vis fiat.
whats better?
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I'm honestly not sure which is better. The choices are:

1. An inflated fiat system backed up by nothing, with nearly $40 Trillion of debt in the US alone. Next moves are to eliminate cash and control everything from the Central Banks.
2. A crypto (also backed up by nothing) inferior to many better coded cryptos. 2% of wallets control 93% of the coins. The price artificially inflated by a pyramid scheme. Most people's coins still centralized into government KYC like CBDC.

JackAlabama said:
they gonna do whatever they gonna do, it doesnt really matter.

Again what you say has been said for like 10 years or more.

Did the how you call them condescendingly "the sheep" use a new tcp/ip, smtp or https today? They dont as it is the case with a monetary network.
There has been new / private internets etc, all tried and all failed.
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Now give us a list where the sheep have moved onto new gimmicks. I've given 5 already. There are many more.

 

[JackAlabama]

cherry said:
I'm honestly not sure which is better. The choices are:

1. An inflated fiat system backed up by nothing, with nearly $40 Trillion of debt in the US alone. Next moves are to eliminate cash and control everything from the Central Banks.
2. A crypto (also backed up by nothing) inferior to many better coded cryptos. 2% of wallets control 93% of the coins. The price artificially inflated by a pyramid scheme. Most people's coins still centralized into government KYC like CBDC.

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You can state the same thing all over again without taking into consideration given arguments, so stating it again doesnt make it more true.
pow is not backed by nothing.

cherry said:
Now give us a list where the sheep have moved onto new gimmicks. I've given 5 already. There are many more.
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you do, but not for companies / products. You need to compare same things and not apple with oranges.

 

[cherry]

JackAlabama said:
You can state the same thing all over again without taking into consideration given arguments, so stating it again doesnt make it more true.
pow is not backed by nothing.

you do, but not for companies / products. You need to compare same things and not apple with oranges.
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Lots of shitcoins have PoW and they're still near zero. They still have no intrinsic value. I worked hard on a failed business and I can prove how much I worked on it, but my PoW is still useless if nobody wants it.

As far as shiny new things, it's not just products but across society. Remember when Obama was a deity? Now it's Trump mania. Ideological opposites. Remember how the Spice Girls were the hottest thing going? Now they're ancient history. Remember that ice-bucket challenge all the sheep were doing? Well if you uploaded an ice-bucket challenge to your Instagram today, those same people who were doing it back then, would cringe. Remember how direct mail was the best form of marketing? Well now people market online.

BTC would need to massively raise its game to not be eventually usurped (and keep raising its game), especially given how many coins are already technologically superior. Unlike gold which value is innate.

 

[JackAlabama]

cherry said:
Lots of shitcoins have PoW and they're still near zero. They still have no intrinsic value. I worked hard on a failed business and I can prove how much I worked on it, but my PoW is still useless if nobody wants it.
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yeah you can only invent the wheel once, bitcoin is the only pow which matters, hence it has a lot of value.

cherry said:
As far as shiny new things, it's not just products but across society. Remember when Obama was a deity? Now it's Trump mania. Ideological opposites. Remember how the Spice Girls were the hottest thing going? Now they're ancient history. Remember that ice-bucket challenge all the sheep were doing? Well if you uploaded an ice-bucket challenge to your Instagram today, those same people who were doing it back then, would cringe. Remember how direct mail was the best form of marketing? Well now people market online.
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So you now compare bitcoin to memes? memes/ memecoins come and go.

As stated already, you need to compare same things and not apple with oranges.

cherry said:
BTC would need to massively raise its game to not be eventually usurped (and keep raising its game), especially given how many coins are already technologically superior. Unlike gold which value is innate.
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no, just do what it has done so far.
Name a few then? You already know from your failed business, tech doesnt mean anything really.

Why has gold innate value while bitcoin has none? Esp in a digital age?

If you want to make good args, you cannot just state your thoughts, you should add some facts to it.

Is that your way of inflating post counts?

Id suggest you read this book first and then come back with some upgraded arguments (as I already said, there are some but you have not stated them yet).
https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861

Last edited: Jan 10, 2025

 

[void]

cherry said:
I worked hard on a failed business and I can prove how much I worked on it, but my PoW is still useless if nobody wants it.
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that's exactly what your tribe doesn't understand (yet) - there is a big difference between dissipated power and power used to create something that cannot be reverted without even more power

it's such a profound and unparalleled idea to transform thermodynamic power to information that it's no shame not to see it, but worth every second invested to understand

Last edited: Jan 10, 2025

 

[cherry]

I will reply only to posts that don't make it personal. That way I know I'm having an emotionless discussion. If I were to respond in kind to the above 2 posts, it would swiftly end up in a slanging match with the subject of BTC merely complementing it.

 

[cryptofriendly]

cherry said:
I will reply only to posts that don't make it personal. That way I know I'm having an emotionless discussion. If I were to respond in kind to the above 2 posts, it would swiftly end up in a slanging match with the subject of BTC merely complementing it.
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Just two words why btc will stay and all shitcoins don't matter: network effect.

 

[cuno]

As I sat at my screen on December 7th, 2024, and saw LTC back at $143, I thought I should sell. But then I thought again no, let's wait, it'll probably climb back up to $299 like it did in 2021.

But damn, no, it's crashing, and as I'm writing this, it's down to $94”¦ You really should trust your gut.