YOLO?
FOMO?
Buy and HODL?
ETF?
Other crypto?

bear2034 said:

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YOLO?
FOMO?
Buy and HODL?
ETF?
Other crypto?

---

Go for it. What have you got to lose?

I don't know, maybe. But...
What if U.S. regulators have a "change of heart" and make things difficult or impossible for the Bitcoin ecosystem to flourish?
What if a black swan event like a massive cyberattack takes down global networks?
What if hackers find a way to crack Bitcoin's multiple layers of security?

The only way out of a Debt Spiral is to move to a harder money, which is #Bitcoin. This only works for the nation-states that act quickly - laggards won’t be able to escape the spiral. GDP cannot keep up with spending and debt service. The game is up. pic.twitter.com/IAJegz0y8U

— Samson Mow (@Excellion) February 6, 2024

"The U.S. is on an unsustainable fiscal path. The debt is growing faster than the economy."

- Jerome Powell

Like, sure.
I think each and every government around the world that currently enjoys the power associated with control of their currency will allow some alternative to take over.

Riiiiight.

dajo9 said:

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It is time for bear2034 to go all in on bitcoin

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Absolutely!

Samson Mow says it will hit $1 million in the near future.
You'd be a fool not to go all in here at 43,135.00

bear2034 said:

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How much is one coin against your currency, the Ruble?

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Unlike your buddies Putin99 and Bearfarce, I only pay in USD.
Like I did for my '2023 992 GT3 Touring.

Not all millionaires will be able to buy a single bitcoin. There isn't enough to go around. Bitcoin ETFs make bitcoin easily accessible and in smaller denominations. You can thank me later.

bear2034 said:

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Not all millionaires will be able to buy a single bitcoin. There isn't enough to go around. Bitcoin ETFs make bitcoin easily accessible and in smaller denominations. You can thank me later.

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Yeah, but millionaires can afford the bitcoin mining server farms and create bitcoins out of nothing but their equipment and electric bills.

Eastern Oregon Bear said:

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bear2034 said:

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Not all millionaires will be able to buy a single bitcoin. There isn't enough to go around. Bitcoin ETFs make bitcoin easily accessible and in smaller denominations. You can thank me later.

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Yeah, but millionaires can afford the bitcoin mining server farms and create bitcoins out of nothing but their equipment and electric bills.

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That's true for like everything, except for Bear2024's truth that there really is a scarcity for Bitcoin. Not sure why a bunch of know it all morons feel the need to mock the OP here.

oski003 said:

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Eastern Oregon Bear said:

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bear2034 said:

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Not all millionaires will be able to buy a single bitcoin. There isn't enough to go around. Bitcoin ETFs make bitcoin easily accessible and in smaller denominations. You can thank me later.

---

Yeah, but millionaires can afford the bitcoin mining server farms and create bitcoins out of nothing but their equipment and electric bills.

---

That's true for like everything, except for Bear2024's truth that there really is a scarcity for Bitcoin. Not sure why a bunch of know it all morons feel the need to mock the OP here.

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There is also scarcity of common sense in politics. But I wouldn't trade it as currency, even if it has more intrinsic value than Bitcoin.

calbear93 said:

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oski003 said:

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Eastern Oregon Bear said:

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bear2034 said:

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Not all millionaires will be able to buy a single bitcoin. There isn't enough to go around. Bitcoin ETFs make bitcoin easily accessible and in smaller denominations. You can thank me later.

---

Yeah, but millionaires can afford the bitcoin mining server farms and create bitcoins out of nothing but their equipment and electric bills.

---

That's true for like everything, except for Bear2024's truth that there really is a scarcity for Bitcoin. Not sure why a bunch of know it all morons feel the need to mock the OP here.

---

There is also scarcity of common sense in politics. But I wouldn't trade it as currency, even if it has more intrinsic value than Bitcoin.

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Bitcoin is a speculative investment that has the potential for high returns, despite currently being priced at 52K per coin, which is 20% higher than it was on 2/4, the date of the original post.

oski003 said:

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calbear93 said:

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oski003 said:

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Eastern Oregon Bear said:

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bear2034 said:

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Not all millionaires will be able to buy a single bitcoin. There isn't enough to go around. Bitcoin ETFs make bitcoin easily accessible and in smaller denominations. You can thank me later.

---

Yeah, but millionaires can afford the bitcoin mining server farms and create bitcoins out of nothing but their equipment and electric bills.

---

That's true for like everything, except for Bear2024's truth that there really is a scarcity for Bitcoin. Not sure why a bunch of know it all morons feel the need to mock the OP here.

---

There is also scarcity of common sense in politics. But I wouldn't trade it as currency, even if it has more intrinsic value than Bitcoin.

---

Bitcoin is a speculative investment that has the potential for high returns, despite currently being priced at 52K per coin, which is 20% higher than it was on 2/4, the date of the original post.

---

I think of Bitcoin as much of an investment as a lotto ticket, which also has high return.

That is not an investment.

I am not saying it will not go up, just like AMC and GameStop went up during the mania without any basis.

I am passing on it because I have no idea what value it has. I knew why I invested in IDEX, DHR, NVDA, ROP, APPL, MSFT early on. I can look at their TAM, opportunity, potential revenue, operating margin expansion, cash flow, and value where their EPS or EBIDTA should be 5 years in the future and what multiple typically goes in that space at that growth rate, and assume what the right price should be 5 years from now. I know why I invested and then sold TSLA and MRNA. I know why I started pruning APPL.

There is nothing for me to assess the right price for Bitcoin. As such, what would be my basis for investing at 52K, 2K or 152K?

calbear93 said:

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oski003 said:

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calbear93 said:

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oski003 said:

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Eastern Oregon Bear said:

---

bear2034 said:

---

Not all millionaires will be able to buy a single bitcoin. There isn't enough to go around. Bitcoin ETFs make bitcoin easily accessible and in smaller denominations. You can thank me later.

---

Yeah, but millionaires can afford the bitcoin mining server farms and create bitcoins out of nothing but their equipment and electric bills.

---

That's true for like everything, except for Bear2024's truth that there really is a scarcity for Bitcoin. Not sure why a bunch of know it all morons feel the need to mock the OP here.

---

There is also scarcity of common sense in politics. But I wouldn't trade it as currency, even if it has more intrinsic value than Bitcoin.

---

Bitcoin is a speculative investment that has the potential for high returns, despite currently being priced at 52K per coin, which is 20% higher than it was on 2/4, the date of the original post.

---

I think of Bitcoin as much of an investment as a lotto ticket, which also has high return.

That is not an investment.

I am not saying it will not go up, just like AMC and GameStop went up during the mania without any basis.

I am passing on it because I have no idea what value it has. I knew why I invested in IDEX, DHR, NVDA, ROP, APPL, MSFT early on. I can look at their TAM, opportunity, potential revenue, operating margin expansion, cash flow, and value where their EPS or EBIDTA should be 5 years in the future and what multiple typically goes in that space at that growth rate, and assume what the right price should be 5 years from now. I know why I invested and then sold TSLA and MRNA. I know why I started pruning APPL.

There is nothing for me to assess the right price for Bitcoin. As such, what would be my basis for investing at 52K, 2K or 152K?

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It is awful.

27 Trillion Supply.
No Supply Cap
1 Node
25% of Supply creates in last 6 months.
1% of holders own 30% of it.

calbear93 said:

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oski003 said:

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calbear93 said:

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oski003 said:

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Eastern Oregon Bear said:

---

bear2034 said:

---

Not all millionaires will be able to buy a single bitcoin. There isn't enough to go around. Bitcoin ETFs make bitcoin easily accessible and in smaller denominations. You can thank me later.

---

Yeah, but millionaires can afford the bitcoin mining server farms and create bitcoins out of nothing but their equipment and electric bills.

---

That's true for like everything, except for Bear2024's truth that there really is a scarcity for Bitcoin. Not sure why a bunch of know it all morons feel the need to mock the OP here.

---

There is also scarcity of common sense in politics. But I wouldn't trade it as currency, even if it has more intrinsic value than Bitcoin.

---

Bitcoin is a speculative investment that has the potential for high returns, despite currently being priced at 52K per coin, which is 20% higher than it was on 2/4, the date of the original post.

---

I think of Bitcoin as much of an investment as a lotto ticket, which also has high return.

That is not an investment.

I am not saying it will not go up, just like AMC and GameStop went up during the mania without any basis.

I am passing on it because I have no idea what value it has. I knew why I invested in IDEX, DHR, NVDA, ROP, APPL, MSFT early on. I can look at their TAM, opportunity, potential revenue, operating margin expansion, cash flow, and value where their EPS or EBIDTA should be 5 years in the future and what multiple typically goes in that space at that growth rate, and assume what the right price should be 5 years from now. I know why I invested and then sold TSLA and MRNA. I know why I started pruning APPL.

There is nothing for me to assess the right price for Bitcoin. As such, what would be my basis for investing at 52K, 2K or 152K?

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Any price is the right price for bitcoin. It's the scarcest asset in the world and it will last longer than any of the companies you own stock from.

DiabloWags said:

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bear2034 said:

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How much is one coin against your currency, the Ruble?

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Unlike your buddies Putin99 and Bearfarce, I only pay in USD.
Like I did for my '2023 992 GT3 Touring.

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Bitcoin will not be eagerly adopted by the mainstream, it will be forced upon them. Forced, as in "compelled by economic reality". You could have bought bitcoin and leveraged your coins to buy multiple 992 GT3 Tourings instead. Bad move.

calbear93 said:

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bear2034 said:

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YOLO?
FOMO?
Buy and HODL?
ETF?
Other crypto?

---

If your only basis for investing is YOLO or FOMO, then you might as well play the lotto.

What is your fundamental basis for investing in bitcoin? How do you determine the fair value or the right multiple (assuming there is any financial measure other than what someone else is willing to pay)?

If there is no financial performance with corresponding multiple to get at a target price, you might as well go to the casino or engage in a pyramid scheme.

When financially illiterate people with no understanding of global economy starts promoting something, you should know to let that opportunity pass. There are sufficient actual transformative technological advances with real world value (even if scary), such as AI, that there is no point in gambling on a standalone worthless asset.

Also, you should never go all in on anything.

Just trying to be helpful.

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#Bitcoin is an impenetrable financial system with no back doors that the government cannot control. It's a Swiss bank account in your pocket.
- Barack Obama, Former US President pic.twitter.com/WyU7wVGedP

— Vivek⚡️ (@Vivek4real_) February 23, 2024

Bitcoin will go up forever. It's the apex predator currency.

DiabloWags said:

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dajo9 said:

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It is time for bear2034 to go all in on bitcoin

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Absolutely!

Samson Mow says it will hit $1 million in the near future.
You'd be a fool not to go all in here at 43,135.00

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Exactly. Anything under $100,000 is a steal.

dajo9 said:

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Great display of the Bigger Fool theory

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When will #Bitcoin reach a new all-time high in your country? pic.twitter.com/n93cYQDAYO

— Michael Saylor⚡️ (@saylor) February 22, 2024

Bitcoin reached ATH against multiple currencies this month including the Yen.

dajo9 said:

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It is time for bear2034 to go all in on bitcoin

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Exactly. 90/10.

You sell the losers to buy the winner.

dajo9 said:

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bear2034 said:

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dajo9 said:

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It is time for bear2034 to go all in on bitcoin

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Exactly. 90/10.

You sell the losers to buy the winner.

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You are a true financial genius

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Why would you say that?

bear2034 said:

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DiabloWags said:

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bear2034 said:

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How much is one coin against your currency, the Ruble?

---

Unlike your buddies Putin99 and Bearfarce, I only pay in USD.
Like I did for my '2023 992 GT3 Touring.

---

Bitcoin will not be eagerly adopted by the mainstream, it will be forced upon them. Forced, as in "compelled by economic reality". You could have bought bitcoin and leveraged your coins to buy multiple 992 GT3 Tourings instead. Bad move.

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The more you talk, the more clueless you look.
My GT3 was never purchased as an investment.
Duh.

calbear93 said:

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bear2034 said:

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Exactly. Anything under $100,000 is a steal.

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Looks like you are all in and have it all figured out.

Good luck with that.

Most of us here who are not fans of crypto have built decent wealth and are now enjoying life in retirement so such speculative investments would never make sense. It never would have made sense even when I was building my wealth, but I have always been the type who needed a compelling fundamental reasons instead of speculation to invest. Has worked well for me, but I truly do wish you nothing but the best. Everyone should enjoy life with passion and without worrying about money.

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^^^ This

DiabloWags said:

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calbear93 said:

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bear2034 said:

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Exactly. Anything under $100,000 is a steal.

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Looks like you are all in and have it all figured out.

Good luck with that.

Most of us here who are not fans of crypto have built decent wealth and are now enjoying life in retirement so such speculative investments would never make sense. It never would have made sense even when I was building my wealth, but I have always been the type who needed a compelling fundamental reasons instead of speculation to invest. Has worked well for me, but I truly do wish you nothing but the best. Everyone should enjoy life with passion and without worrying about money.

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^^^ This

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I agree with Calbear93 here. I disagree with the treatment the OP get when this could have been a reasonable discussion.

I will see if I can find you a manager, karen003.