My view on Bitcoin #moroncoins

How is it any different than gold, fundamentally? Throughout history gold has been viewed as valuable because of its scarcity. It’s primarily held as a form of “money” - otherwise having little utility (jewellery). Gold takes immense amounts of resources to mine. BTC is scarce and if the world deems it valuable - what’s the difference? You could argue it fulfills the same need while having less negatives vs gold/mining - not requiring a physical mine which can have dire environmental consequences (pollution, ecological disruption, deforestation, etc). FWIW I’ve never owned a Bitcoin and am totally indifferent towards it.

A crypto mortgage lets you leverage your BTC or ETH to invest in real estate. Instead of selling your crypto, you can use it as collateral to qualify and secure a mortgage. Apply in minutes and close your mortgage in weeks without losing the upside of your crypto asset.

These fkin bots are out of. Control

The bots attack my posts especially because I’m anti-crypto

Couldn't agree more

There’s 3 types of people when it comes to bitcoins 1. Those that understand it’s a Ponzi scheme and want to play the game hoping to get rich from it. 2. Those that are fooled by the Ponzi scheme and actually believe it’s the future of money. 3. Those that see it’s a ponzi scheme, will never touch it. This last group is typically revolted by the people in first group and sympathetic to the people in the second. The problem is the people in the first group never show their true colours publicly and the people in the 2nd group prefer the intoxicating story of riches than the truth that they’ve been scammed. Ponzi’s thrive off this dynamic…

@BigTunaTim I am definitely in group #3. Haven't got time to watch your video yet, but I just don't understand that the U.S. government clearly knows it's a ponzi scheme, but why they support it. What do they want to get out of it?

@BigTunaTim Cause clearly some are in group 1

respect your outlook on commodities. Significantly disagree with you on BTC. And the market has already spoken — BTC IS a store of value. Eventually, everyone comes around — even tradfi .

the market spoke for a period of time with every other ponzi scheme in history.. then the market woke up and they imploded. BTC consumes energy to obtain something with zero intrinsic value. Its nothing more than a claim on digits and anyone who owns these digits will forever be trying to convince others they have value despite the fact they are just digits. There's no arguing with these facts.

@wpgmbhiker Sounds like someone arguing the value of Bre-X when it was $150.

@wpgmbhiker exactly the market votes every day

I see it the same way. I assume the government created crypto to have another avenue to launder money.

I love Bitcoin and Gold so all I do is win

It fluctuates too much to be a valid currency. At least with gold I can hammer it into something useful if its value drops.

Doesn’t xrp seem like the new system? I believe bitcoin is a ponzi.

You look like you need some sun and fresh air

Quatrain LVC In century 2000 of monetary turmoil, powerful unidentified forces will create a magic coin, a great ponzi. Backed by hype, a charlatan that is not a sailor but is Saylor will be its face. To advance, more and more useful idiots will be needed. Nostradamus 1559

The decline of bitcoin is only a few "consensual" forks or algorithm changes away.

Agree completely.

Dude, take off your rose-colored glasses and look at the world realistically!

Sorry you feel that way. Everyone buys bitcoin at the price the deserve.

@Geopolitics_Emp Wondering what @SimonDixonTwitt might have to say about your perspective?

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Well said.

The more I see @ShallyWalk the precision is unmatched. Monitored his decision-making, Returns topped $160K.

Do you're openly admitting neither you or he understands how it works. Nice

Oof. GL

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I could not agree more!~

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