Even crazier is Bitcoin. Nothing backs Bitcoin. It is just essentially a bet that somebody is a bigger fool than you when you buy it.
Replies
Of course nothing backs it, just like gold. Nothing backs gold. Gold is that which backs things. Bitcoin is that which backs things
mar 10, 2025, 6:16 pm • 0 0 • view
Hey, I didn’t say nobody should invest in bitcoin. I only expressed an opinion about what I think about people buying bitcoin. YOLO. Double down if you dare. I don’t care. And as in Vegas, “Good luck.”😉
mar 10, 2025, 6:27 pm • 2 0 • view
Hey I didn't say everybody should invest in Bitcoin. You mentioned it not being backed by something. I pointed out that gold and Bitcoin aren't things that need to be backed, they are things that back. I'm just out here spreading education. YOLO. You only learn once
mar 10, 2025, 6:31 pm • 0 0 • view
mar 10, 2025, 5:54 pm • 14 1 • view
The euro is a poker chip?
mar 10, 2025, 6:15 pm • 1 0 • view
Substitute "currency" where the post reads "dollar".
mar 10, 2025, 6:30 pm • 5 0 • view
Bitcoin is currency so it would make even less sense if we did that Just seems like it's pointing out things that are true for every currency and then saying but if This is true for Bitcoin then it's not real 🤔
mar 10, 2025, 6:33 pm • 0 0 • view
What has anyone "bought" with crypto? A pizza once I understand. Outside of that it is ONLY a casino table game. It has zero utility save for betting.
mar 10, 2025, 6:35 pm • 7 1 • view
Why would you think youd hear bout me buying things from the Ren faire last year? Why would you think youd hear news stories about anyone else buying stuff with it? Like yeah you see news stories about news worthy things, like firsts 🤔 Its greatest utility is for saving. No better money to save in
mar 10, 2025, 6:39 pm • 0 0 • view
You used your "money" once last year to buy something? Well that settles it, no better money or there.
mar 10, 2025, 6:42 pm • 0 0 • view
I guess we see it differently because I see saving as using. I'm using money to save. It's a use case for money. You seem to think that you only use money when you spend it. Can you name a better money for saving? Ps. You didn't answer the question 🙏 I'm still wondering
mar 10, 2025, 6:52 pm • 0 0 • view
You can sell your crypto and then buy more crypto
mar 10, 2025, 6:36 pm • 2 0 • view