Remember this:

Nothing that anyone ever says about Bitcoin will ever mean anything to you.

BECAUSE NOBODY HAS ANY IDEA WHAT IS GOING TO HAPPEN.

AND BECAUSE THERE IS EVERY SINGLE POSSIBLE OPINION BEING TYPED ONTO THE INTERNET RIGHT NOW.

People arguing about Bitcoin has been going on for a decade now, not one bit of it ever predicted the future or means anything.

10 years ago, you could have read a thread like this where SUPER-BITCOIN-FANS were saying that Bitcoin could someday, in the year 2100, be worth as much as $10,000 each!!

And SUPER-BITCOIN-HATERZ argued with them, saying that Bitcoin could never be worth more than $800 each.

All Bitcoin discussion is the same: random speculation.

In 2019, I was talking to a stock broker about the stock market and he STRONGLY advised me to GET OUT of the market. I ignored him because I'm an index investor. Index investors don't make human mistakes. Because the index doesn't make mistakes.

The guy's customers PAID him to miss out on 31%, 18% and 28% returns in 2019, 2020, and 2021. A once-in-10-lifetime chance to make money in the market simply by sticking money in a Vanguard S&P 500 fund.

if they cannot predict the stock market, how can anyone predict Bitcoin? In 10 years it could be worth $1 or $10M.

Personally, I think that Bitcoin is pure garbage, but I put a big chunk of money in it. Gambling money. That's what it is: the biggest gamble you'll ever put your money into.

I can tell you that Bitcoin as a medium of exchange is a very very very flawed medium of exchange.

Sooner or later, the laughing gas supply is going to run out and people are going to be confronted with the ACTUAL TECHNICAL FLAWS of Bitcoin.

I'm not SPECULATING about the technical flaws of Bitcoin. They exist right now, in real time.

https://fortune.com/2021/10/26/bitcoin-electricity-consumption-carbon-footprin/

I put my money in index funds. Like the Vanguard S&P 500 fund. And I leave it there, no matter what. Statistically, I will beat 85% of individual investors and 75% of managed stock funds by doing so.

Note that I probably have more money invested in Bitcoin than 95% of the people in this thread.

Well, you're all set then.

And what about the way that the ionosphere magnetism readings are now at 80% levels? Don't forget to factor that into the calculations.

I already said I was an index investor for statistical reasons. It's literally impossible to invest on more solid ground than that. Because it's based on hard data. If you index invest, it is a hard statistical fact that you will beat 75%+ of other investor's returns.

It's not a bad guess for me to assume that I have more invested in crypto than 95% of the general public. Which we all are. Because my net worth is high and statistically, crypto investors tend to be young people. Young people on average have low net worth.

The point I was making is that I have a sh*theap of money invested in Bitcoin, even thought a.) I think that it's garbage, and b.) I think that ALL of the speculative chatter about it is nonsense.

The above opinion offends people who a.) think Bitcoin is great and b.) believe that speculative drivel about 1,000,000,000,000 different things can predict the future.

Dear Young Guys:

When Bitcoin first became a huge thing to the public, every forum on the internet exploded with Bitcoin theory.

Endless endless endless chatter about bitcoin.

People did calculations and calculations showing how bitcoin someday would be worth as much as $5,000 (!!!!!) per coin.

And other people said, NO!! BITCOIN WILL BE WORTH $200. Or $2,000. Or $20.

Endless endless endless endless endless endless argument and chatter.

10 years from now, when bitcoin is back down to $300 or up to $18 million per coin, you'll be reading the same endless blathering.

People NEVER tire of it.

LOL

The point isn't to brag. The point is that I call bitcoin garbage and then get dogpiled by people who have 1/10 as much money in it.

bitcoin is a VERY RISKY investment, and all the internet cheerleading and theorizing and chitter chatter in the world doesn't change that fact.

proceed if you like, but know what you are doing: you are gambling.

I wrote this to be a friend. Not to brag.

there is nobody who can put an accurate price tag on bitcoin. nobody knows what it will be worth in 10 years. it's a total crappshoot.

Personally, I'll be invested in it until the big banks start bagging on it. Right now, it's all smiles and backslaps.

people will be saying it's a sure thing 5 years from now like they are doing now.

remember when bitcoin zoomed up to $60,000 and people said it would go to $100k by December 2021?

nobody knows what's going to happen. and that makes it an extremely risky investment.

THAT'S the point

regardless, I have plenty of skin in the game

the point being that I am not an anti-bitcoin guy. I'm a bitcoin guy with a strong sense of what is speculative nonsense and what isn't.

I have enough percentage of my money in bitcoin that you would consider me a fellow "bitcoin guy."

I was just making the point that I'm not a "naysayer." The naysayers are just as bad as the bitcoin cheerleaders.

Instead, I'm sober about it.

I'm not trying to impress anyone. People who polish their wood on the internet are foolish. Who is going to be impressed by a faceless stranger boasting on the internet? For all anyone knows, I'm sitting in a trailer park in a wifebeater t-shirt with mustard stains all down the front. Waiting to go to my job at 7-11.

If you write something worth reading, I promise I'll give you a serious response.

well, you make a very good point

this conversation we're having is following the usual bitcoin thread pattern to a T

so what did I expect? excellent question there

Justin Trudeau heaped praise on the blood-soaked marxist despot Fidel Castro.

Castro was a evil marxist dictator who ruled Cuba with violence, while the people starved.

https://www.hrw.org/news/2016/11/26/cuba-fidel-castros-record-repression#

And now Justin finally gets a chance to emulate his hero a little.

you should show this to all your pals so they can see how you wrote some insulty bicker stuff to a stranger

it almost never happens on the internet, so they will be amazed by it

I used to be on the arfcom site a lot and there were a ton of "tactical" guys who were constantly striking the pose True He-man.

Well, it's pretty much the whole website.

That really soured me from wanting to either read or write any kind of internet boasting. Because eventually they would post a picture of themselves and they mostly looked like this:
EOvMnU9UYAAZGpD (resized).jpg

I've been thinking about it, whether I'm going to stick with my previous assumption that I own more bitcoin that 95% of the people in this thread.

Statistically most bitcoin buyers are young and statistically most young people don't have much net worth. Baby Boomers don't go for crypto, less than 1% of boomers have any. So that would make me think the 95% guess is a good number.

But on the other hand, pinball collecting is kind of a boomer hobby. And Boomers have a sh*tload of money to spend, because they are in the prime earning years of their life. And no more kids or mortgages to suck up all their money.

(You can tell that the Boomers have arrived when the prices of stuff skyrocket. Like $10,000 for a focking pinball machine.)

So this is a thread of crypto fans that probably has an unusually high number of boomers because they're pinball collectors.

IT'S A MYSTERY WRAPPED INSIDE AN ENIGMA.

We should have an anonymous poll to see how much crypto $$ that pinsiders are holding.

Then we could see how accurate my dastardly guess was.

What we should all do is each convince one Boomer to invest in crypto. They'll have bitcoin up to $1 million in a few days.

if you look at the statistics, that's where the picture becomes clear

between the ages of 30-34, the average net worth is $122,700 and the median net worth is $35,112.

Between the ages of 35-39, the average is $274,112 and the median is $55,519.

Between the ages of 60 and 64, the average net worth is $1,187,730 and the median is $228,833.

Old fogies have 10x as much money as young people. But old people don't invest in crypto. 22% of the public own crypto, but only 1% of boomers.

we need to harness old fogies to pump bitcoin.

Looks like Canada is a lost cause. They love them some authoritarianism.

One time a conservative American speaker was going to talk at a Canadian university and they told her that if she said the wrong thing she would be subject to arrest and prosecution. They were proud of it. Ha ha, we stopped you from saying stuff we don't like! Hooray!

If you dress up a despicable authoritarian thug in a cute little blow-dry hairdo and have him say nicey-nice things about diversity, they lap it up like ice cream.

He just invoked Emergency Powers. First time in Canadian history it's been invoked. To end a protest. He'll get re-elected.

a11e9209284f2c18be6fb68ae9c87483 (resized).jpg