General Discussion

keithbvadu2

(40,908 posts)

38. One crypto currency out of many.

Mon Dec 23, 2024, 08:21 PM

Dec 23

Not really such a good indicator.
Prime for a pump n dump.

Everyone can jump on the bandwagon which turns into a shitwagon.
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If the business model was good, there would be many more successes.

As we can see, the sales model for Bitcoin is terrific.

So was the sales model for Beanie Babies and Pogs.

And Tulips.

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Highlight:

Bitcoin's long-term growth 'far exceeds' the US dollar: Sen. Lummis [View all] Zorro Dec 19 OP

The bdamomma Dec 19 #1

BitCon is backed by zero assets but even tulip bulbs were the rage once. nt yaesu Dec 19 #2

And for some reason we must believe a Republican?................ Lovie777 Dec 19 #3

What? Blue Full Moon Dec 19 #4

'Cause it's IMAGINARY! elleng Dec 19 #5

Wyoming should be merged with Montana or Idaho Yo_Mama_Been_Loggin Dec 19 #6

If you're going to do that... jmowreader Dec 23 #18

And even at 3.7 million residents DFW Dec 23 #23

Simpson? TimeToGo Dec 23 #33

He was a hell of a lot better than the mob in there now jmowreader Dec 23 #39

I mean sure TimeToGo Dec 23 #40

Looks like 2025 will be an exciting year for those of us still using dollars to pay for rent, food, and medicine 0rganism Dec 19 #7

I say: back US currency with tulip bulbs! struggle4progress Dec 19 #8

The stupidity of this timeline is exhausting neverforget Dec 19 #9

It truly is 😔 Blue_Tires Dec 19 #14

IF you take the most wildly optimistic valuation for BTC (I have seen a $3m per BTC target by 2030) and assume that the Celerity Dec 19 #10

Fuck off, Bitcoin Whore hatrack Dec 19 #11

I get it, we don't like either of the women mentioned - But that justifies this misogynistic slur, how, exactly? Lancero Dec 19 #13

Long-term? Like from what date is she counting? Because dollars have been around the US since the 1770s... Hekate Dec 19 #12

With the approval of Crypto ETFs by the SEC because of pressure by walkingman Dec 23 #15

Fantasy Currency, Backed by Cocaine Dreams. MineralMan Dec 23 #16

The final pump before a great dump? hunter Dec 23 #17

"always volatile in an upward direction" WTF does that even mean? Wounded Bear Dec 23 #19

In my opinion, that is why they wanted to shut down the government... kentuck Dec 23 #20

"Only 21 million bitcoin will ever be mined" Retrograde Dec 23 #21

I believe the 21 million is "hard-built" into the system Disaffected Dec 23 #24

Yes, the maximum total supply of Bitcoin is 21 million. awesomerwb1 Dec 23 #29

Bitcoin will soon have a 1929 style crash. n/t Jacson6 Dec 23 #22

Well, I hope Senator Lummis puts all his money in Bitcoin then. I also hope he drinks raw milk. Vinca Dec 23 #25

Fed has the ability to create US Dollars infinitely bucolic_frolic Dec 23 #26

Poof and its gone, its aim to get something from nothing Historic NY Dec 23 #27

Crypto isn't going anywhere awesomerwb1 Dec 23 #28

I thought there would be a melt down in Bitcoin like the 2008 doc03 Dec 23 #30

A crypto collapse has the potential to make the subprime mortgage crisis Liberal In Texas Dec 23 #31

I'm thinking she has a closet full of bit coin. (just trying to get some more IDIOTS on board) bluestarone Dec 23 #32

👀💰 underpants Dec 23 #34

ZERO basis in anything of real value, just speculation. $$$ are backed by we taxpayers. BTC ZIPPO dutch777 Dec 23 #35

Ummm. Does anyone remember inflation? And Bitcoin can be complicated on a day to day basis. haele Dec 23 #36

Republicans are going to fleece a lot of people via E currency Bristlecone Dec 23 #37

One crypto currency out of many. keithbvadu2 Dec 23 #38