Thread 60770706

Who the fuck is buying digital nothing for $121,000?

>>60770706 (OP)
not me that's for sure, this shit will fall like the others

most people arent buying whole bitcoins.

saylor probably
also dca'ers and other folk that won't sell for years. they will have their profit.

>>60771800
even if you don't buy a whole coin you're still buying at $120,000+

>>60770706 (OP)
Its not nothing. This is literally how we're approaching currency leading into the sci-fi AI age. And you are missing it.

>>60773373
>This is literally how we're approaching currency leading into the sci-fi AI age.
you must be smoking something really good.

Him

>>60772215
Yes, but you're not buying it /for/ $121,000

I PUT MY MONEY IN DA COMPUTAH

>>60770706 (OP)
people who expect those digital nothings to go up in price

Because fiat currencies are worthless, backed by nothing but pedophile bureaucrat governments. Why the fuck should they be able to control the money supply and print on demand to help their donors? So fuck that, I'm putting my money into Bitcoin. They print money, I make some and more.

>>60775985
>fiat currencies are worthless
>I'm putting my money into Bitcoin
Bitcoin is fiat with extra steps

>>60775991
Fiat is theoretically infinite, Bitcoin isn't.

Bitcoin is s ball of dollars and if the dollar fails so does butcorn

>>60776007
>Bitcoin isn't
Lol
Lmao even

>bitcoin is real
>bitcoin is rael
>bitcoin israel

>>60776055
You could've conjured up a trillion other things to argue against Bitcoin and you choose its scarcity.

Okay dude. There will only be 21 million and something like 5 million are in HDDs or USB sticks in dumpsters.

>>60776066
>There will only be 21 million
Even BlackRock says there's no guarantee of that.

>>60776091
Sure, if there was a hard fork and everyone moved to that.

So that would be Bitcoin: The Sequel, and there's been multiple variants of it that have failed. I'm not even sure if you're being serious or you're retarded.

>>60776145
Blackrock will control much of the supply as custodians and mining share since they own large Bitcoin mining operations as well, when pensions, 401ks and other retirement funds are all tied up in Bitshit the people behind them will do whatever Blackrock says:

Scenario A

>buy mining farms
>create Bitcoin ETF
>include language that you can decide which fork of Bitcoin is Bitcoin (they really did this)
>sell Bitcoins and hold in trust
>most people never move their Bitcoin
>most people never request their Bitcoin
>history of banking activation, sell more Bitcoin than you have
>become largest source of Bitcoin trading volume and too big to fail for ecosystem
>someone pulls CZ on SBF move
>people request their Bitcoin
>there isn't enough Bitcoin
>(((PANIC))))
>Solution: fork Bitcoin, make your own Blackrock Bitcoin
>Everyone that holds Bitcoin in trust with Blackrock goes along with it so they don't lose everything
>Blackrock Bitcoin is Bitcoin, will have a modest inflation rate of 10% a year


Scenario B

>buy mining farms
>create Bitcoin ETF
>include language that you can decide which fork of Bitcoin is Bitcoin (they really did this)
>immediately and quietly make a fork of Bitcoin
>sell forked Bitcoins and hold in trust
>deliver real Bitcoins to tiny minority asking for it
>become largest source of Bitcoin trading volume and too big to fail for ecosystem
>eventually someone snitches or figures out what's going on
>(((OUTRAGE)))
>WE DEMAND THEY BE PUNISHED!
>COURTS: READ THE FINE PRINT GOY
>Everyone that holds Blackrock Bitcoin in trust with Blackrock goes along with it so they don't lose everything
>Blackrock Bitcoin is Bitcoin, will have a modest inflation rate of 10% a year

>>60776418
So I'll just buy Fidelity.

niggers

>>60770706 (OP)
What is stopping those scammers to dump into another unicorn money and 100x their money and became trillionaires, there is not real intrinsic value in that shit other than they agreeing how much is worth. This is gonna be remembered as the era of the retards printing their own money and retard corrupt governments allowing it.

>>60770706 (OP)
Lots and lots of businesses, not to mention people adding it to their retirement accounts.

Retail mostly does the ETFs now; corporations are buying OTC for their treasuries. You can see the ETF purchases at
https://farside.co.uk/btc/
and if you look at the math, they've been buying around 3X the daily mining output. I've seen articles about the corporate treasury purchases but have no way of verifying the figures myself; those are apparently exceeding the ETF purchases.

So, right now, somewhere over 7X of daily new supply is being slurped up. Note that this doesn't count foreign governments such as Bhutan or El Salvador, who are apparently doing their own mining.

I mean, it was just revealed that Harvard bought $116 million (or somewhere around 1000 BTC, maybe more) for holding for their endowment. So, it looks like everyone is getting in on the gangbang.

>>60770706 (OP)
when you're in a hole, DIG FOR THE LOVE OF GOD DIG AHHHH THE RAIN IS COMING

>>60770706 (OP)
>Michael Strategy

>>60770706 (OP)
When I sold both my bongo and btc when it was at 120k, it gave me enough to buy an apartment
If you are lucky and have a plan for the future, at least these funny coins can make your life easier, sometimes

>>60770706 (OP)
People are buying gigadollars for $1,000,000,000 and those are also digital nothing backed by nothing and banks and government can mint more at will.