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Posted
7 hours ago, Dahobbs said:

That's how you go bust at the casino. 

We shall see…I used to gamble when I was younger. Don’t believe this is one of those times.

Posted
On 12/16/2024 at 11:03 AM, Vegas64 said:

I sold yesterday at 106k. Will get back in if/when it dips to 80's. That's the play I think, pick and choose windows. Bitcoin might or might not be stupid and have no practical value, but it's long past the exit velocity to make it a tradeable commodity with very little risk (unlike every alt-coin).

Maybe it's time to dip back in....

  • 2 weeks later...
Posted
On 3/11/2025 at 4:58 PM, Vegas64 said:

Maybe it's time to dip back in....

Missed the boat on the $TRUMP pump, I wonder how fast it'll dump

image.thumb.png.f573f1614869838e1b2d830fd396e50b.png

Totally normal for the president to be promoting his own currency

Posted
50 minutes ago, Captainant said:

Missed the boat on the $TRUMP pump, I wonder how fast it'll dump

image.thumb.png.f573f1614869838e1b2d830fd396e50b.png

Totally normal for the president to be promoting his own currency

You know there's basketball on right? Or Texas LSU just barely ended? 

  • Haha 1
Posted
11 minutes ago, UTPhil2006 said:

You know there's basketball on right? Or Texas LSU just barely ended? 

I'm sorry the president of the United States of America is hawking his personal memecoin currency during March Madness?

  • Hook 'Em 1
  • Rage+1 1
Posted
1 hour ago, Captainant said:

I'm sorry the president of the United States of America is hawking his personal memecoin currency during March Madness?

I'm sorry this is what you're spending your Sunday night on. 

  • Haha 1
Posted
15 hours ago, UTPhil2006 said:

I'm sorry this is what you're spending your Sunday night on. 

Weird post. These thread is about crypto, not basketball that Texas isn't playing. 

  • Hook 'Em 3
Posted
2 hours ago, Captainant said:

I gotta say, selling US Treasury gold bars in order to buy more Bitcoin is just about the dumbest fucking thing I've ever heard of.

Shhh, it's OK, you have your instagram feed to distract you so you don't have to think about any of the horrific shit going on around you.

  • 2 weeks later...
Posted
3 hours ago, BJ Johnson said:

JUST IN: US Treasury Secretary Scott Bessent said "Bitcoin is becoming a store of value".

Wait, it wasn't already a store of value?? Somebody should tell all that crypto investors!

Posted
52 minutes ago, TonyTexas said:

I don’t see how you could call anything a store of value that has the volatility of crypto. 

Well, it's a lot like how a bucket with a buncha holes in it is a "store of water."  Works fine....so long as people keep pouring more water into it.  But once the music/water stops.....

Posted
4 hours ago, BJ Johnson said:

Up 2% this week vs SPY, QQQ down 9%. Doing pretty well.

Also,

https://x.com/BitcoinMagazine/status/1908210089044881746

JUST IN: US Treasury Secretary Scott Bessent said "Bitcoin is becoming a store of value".

The correlation with tech/stocks has been interesting. Especially when you read anything about why it was created. It’s nice to finally see that separation happening. It was just a matter of time IMO. 

Posted
1 hour ago, TonyTexas said:

I don’t see how you could call anything a store of value that has the volatility of crypto. 

 

45 minutes ago, Brisketexan said:

Well, it's a lot like how a bucket with a buncha holes in it is a "store of water."  Works fine....so long as people keep pouring more water into it.  But once the music/water stops.....

IMG-2493.jpg

 

  • Haha 1
Posted
15 hours ago, Hefeweizen said:

What does that chart tell you?

Well, real estate is viewed as a store of value. As you can see the price of homes is appreciating more than cpi over time as the money printing continues. Bitcoin is beating that performance solidly. 
 

In fact pick any of the big ticket items people want or need, house, higher education, health care. All rising much faster than cpi or wages. Bitcoin has appreciated quicker than them over time. So for example it takes less bitcoin to pay for 4 years of tuition then it did in the past. Store of value. 

Posted
35 minutes ago, BJ Johnson said:

Well, real estate is viewed as a store of value. As you can see the price of homes is appreciating more than cpi over time as the money printing continues. Bitcoin is beating that performance solidly. 
 

In fact pick any of the big ticket items people want or need, house, higher education, health care. All rising much faster than cpi or wages. Bitcoin has appreciated quicker than them over time. So for example it takes less bitcoin to pay for 4 years of tuition then it did in the past. Store of value. 

Let's revisit in 2 years.

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