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Pro tip. JP Morgan owns more bitcoin than you. | r/bitcoin | Pro tip. JP Morgan owns more bitcoin than you. | r/Bitcoin | 2024-21-05 |
It’s their job to manipulate the market and get as much money from weak hands as possible. They can say anything they want about what they think is going to happen and a lot of dumb people listen. Why do you think James Cramer still has a job? He’s exit liquidity for the rich. | r/bitcoin | It’s their job to manipulate the market and get as much money from weak hands as possible. They can say anything they want about what they think is going to happen and a lot of dumb people listen. Why do you think James Cramer still has a job? He’s exit liquidity for the rich. | r/Bitcoin | 2024-21-05 |
They use your fear to buy cheap | r/bitcoin | They use your fear to buy cheap | r/Bitcoin | 2024-21-05 |
Yeah, I'm surprised JPmorgan even got close this time. 57k after a 40k prediction is amazing for JPmorgan. I have to believe at this point they perfectly understand the market, but just act like they don't, because being wrong 100% of the times means you know what's right. | r/bitcoin | Yeah, I'm surprised JPmorgan even got close this time. 57k after a 40k prediction is amazing for JPmorgan. I have to believe at this point they perfectly understand the market, but just act like they don't, because being wrong 100% of the times means you know what's right. | r/Bitcoin | 2024-21-05 |
Prints every time. | r/bitcoin | Prints every time. | r/Bitcoin | 2024-21-05 |
I still believe it will go to 50-40k. | r/bitcoin | I still believe it will go to 50-40k. | r/Bitcoin | 2024-21-05 |
Lol. Don't get cocky yet. That can easily still happen. | r/bitcoin | Lol. Don't get cocky yet. That can easily still happen. | r/Bitcoin | 2024-21-05 |
Picking random answers on a random multiple choice of 4 yields an average of 50%, you’re right, you can’t be wrong all the time unless you’re picking wrong defiantly | r/bitcoin | Picking random answers on a random multiple choice of 4 yields an average of 50%, you’re right, you can’t be wrong all the time unless you’re picking wrong defiantly | r/Bitcoin | 2024-21-05 |
What day did it drop to 51 post halving? | r/bitcoin | What day did it drop to 51 post halving? | r/Bitcoin | 2024-21-05 |
Based on what? | r/bitcoin | Based on what? | r/Bitcoin | 2024-21-05 |
Nah post halving dip is over | r/bitcoin | Nah post halving dip is over | r/Bitcoin | 2024-21-05 |
JP Morgan tells you what they want you to do. They will never give you good advice for free. Anything they publicly tell people is for their benefit and they stand to profit | r/bitcoin | JP Morgan tells you what they want you to do. They will never give you good advice for free. Anything they publicly tell people is for their benefit and they stand to profit | r/Bitcoin | 2024-21-05 |
Anyone who has been in this game for a long time knows that this shit can still happen. | r/bitcoin | Anyone who has been in this game for a long time knows that this shit can still happen. | r/Bitcoin | 2024-21-05 |
Because they know whats going to happen eventually.....Disintermediation. | r/bitcoin | Because they know whats going to happen eventually.....Disintermediation. | r/Bitcoin | 2024-21-05 |
Why listen to the people trying to take your money on trades. | r/bitcoin | Why listen to the people trying to take your money on trades. | r/Bitcoin | 2024-21-05 |
Based on gut feel and a 12 sided dice | r/bitcoin | Based on gut feel and a 12 sided dice | r/Bitcoin | 2024-21-05 |
Dimon hates Bitcoin. | r/bitcoin | Dimon hates Bitcoin. | r/Bitcoin | 2024-21-05 |
It’s almost like the biggest market makers want to confuse retail | r/bitcoin | It’s almost like the biggest market makers want to confuse retail | r/Bitcoin | 2024-21-05 |
I thought that was Cramer 😆 | r/bitcoin | I thought that was Cramer 😆 | r/Bitcoin | 2024-21-05 |
How long is post-halving period?
Haven't we been post-halving for 12 years now? | r/bitcoin | How long is post-halving period?
Haven't we been post-halving for 12 years now? | r/Bitcoin | 2024-21-05 |
You shut your mouth, you narrative fucker /s | r/bitcoin | You shut your mouth, you narrative fucker /s | r/Bitcoin | 2024-21-05 |
They remind me of meteorologist before Doppler radar. They got stuff wrong all the time, and no one batted an eye. | r/bitcoin | They remind me of meteorologist before Doppler radar. They got stuff wrong all the time, and no one batted an eye. | r/Bitcoin | 2024-21-05 |
You should, they just disclosed their Bitcoin holdings to the sec | r/bitcoin | You should, they just disclosed their Bitcoin holdings to the sec | r/Bitcoin | 2024-21-05 |
the literally disclosed Bitcoin holdings
https://www.nasdaq.com/articles/americas-largest-bank-jpmorgan-chase-discloses-spot-bitcoin-etf-holdings%3A-sec-filing | r/bitcoin | the literally disclosed Bitcoin holdings
https://www.nasdaq.com/articles/americas-largest-bank-jpmorgan-chase-discloses-spot-bitcoin-etf-holdings%3A-sec-filing | r/Bitcoin | 2024-21-05 |
Actually they shit on Bitcoin to keep it low. It's the opposite of pump and dump. They do have holdings of Bitcoin ETFs. | r/bitcoin | Actually they shit on Bitcoin to keep it low. It's the opposite of pump and dump. They do have holdings of Bitcoin ETFs. | r/Bitcoin | 2024-21-05 |
Yes but they’re authorized participants for the ETFs so it may just represent the stuff they’re buying for the ETFs. | r/bitcoin | Yes but they’re authorized participants for the ETFs so it may just represent the stuff they’re buying for the ETFs. | r/Bitcoin | 2024-21-05 |
No one know what happens in the short term. In the long term Bitcoin goes up. | r/bitcoin | No one know what happens in the short term. In the long term Bitcoin goes up. | r/Bitcoin | 2024-21-05 |
Guys take profits while you can | r/bitcoin | Guys take profits while you can | r/Bitcoin | 2024-21-05 |
Did they give a timeframe? If not, they aren’t wrong, yet. | r/bitcoin | Did they give a timeframe? If not, they aren’t wrong, yet. | r/Bitcoin | 2024-21-05 |
Whatever they say publicly is not for your benefit though. It's for THEIR benefit.
As an example, if they want to sell their asset, they'll tell you BTC is going to 200k in two weeks to make sure they have liquidity for their dump.
So yeah, maybe if you pay attention to what they say and do the exact opposite of what they want you to do, you'll be fine. | r/bitcoin | Whatever they say publicly is not for your benefit though. It's for THEIR benefit.
As an example, if they want to sell their asset, they'll tell you BTC is going to 200k in two weeks to make sure they have liquidity for their dump.
So yeah, maybe if you pay attention to what they say and do the exact opposite of what they want you to do, you'll be fine. | r/Bitcoin | 2024-21-05 |
Or is it a cover? | r/bitcoin | Or is it a cover? | r/Bitcoin | 2024-21-05 |
What happened to the post having jump to 100k? Both sides lie constantly…. | r/bitcoin | What happened to the post having jump to 100k? Both sides lie constantly…. | r/Bitcoin | 2024-21-05 |
Doesnt seem like it. | r/bitcoin | Doesnt seem like it. | r/Bitcoin | 2024-21-05 |
It's always "heads I win, tails you lose" for the anal-ysts. | r/bitcoin | It's always "heads I win, tails you lose" for the anal-ysts. | r/Bitcoin | 2024-21-05 |
Maybe this is the local high and we going back too 40k | r/bitcoin | Maybe this is the local high and we going back too 40k | r/Bitcoin | 2024-21-05 |
Are you a fortune teller? No one knows | r/bitcoin | Are you a fortune teller? No one knows | r/Bitcoin | 2024-21-05 |
JP Morgan thinks they can manipulate Bitcoin like they can with stocks and Gold with their stupid predictions and going on mainstream news and promoting misinformation and lies.
They will be in for a rude awakening. | r/bitcoin | JP Morgan thinks they can manipulate Bitcoin like they can with stocks and Gold with their stupid predictions and going on mainstream news and promoting misinformation and lies.
They will be in for a rude awakening. | r/Bitcoin | 2024-21-05 |
Never sell Bitcoin. Alts? sure. Who cares? | r/bitcoin | Never sell Bitcoin. Alts? sure. Who cares? | r/Bitcoin | 2024-21-05 |
It could still very much come.🤷♂️ | r/bitcoin | It could still very much come.🤷♂️ | r/Bitcoin | 2024-21-05 |
Party’s not over yet. Still plenty of time for all kinds of things to happen. Don’t get cocky. Just keep your head down and hodl. | r/bitcoin | Party’s not over yet. Still plenty of time for all kinds of things to happen. Don’t get cocky. Just keep your head down and hodl. | r/Bitcoin | 2024-21-05 |
JP Morgan holds BTC ETF and is a partner with Blackrock in the business of the ETF.
Watch what they do, not what they say. JP Morgan has paid millions of dollars over the years for manipulating the gold price. Gold they can manipulate. Bitcoin they can not. | r/bitcoin | JP Morgan holds BTC ETF and is a partner with Blackrock in the business of the ETF.
Watch what they do, not what they say. JP Morgan has paid millions of dollars over the years for manipulating the gold price. Gold they can manipulate. Bitcoin they can not. | r/Bitcoin | 2024-21-05 |
It did dip to 57k though, so he wasn’t entirely wrong. And seeing half of the followers of this group here thinking the day of the halving will catapult us to 1mil was the bigger joke to be honest. So from a certain point of view it was priced in indeed, and even if it was just to get rid of all those paper hand bitches in here that think halving = lambo tomorrow | r/bitcoin | It did dip to 57k though, so he wasn’t entirely wrong. And seeing half of the followers of this group here thinking the day of the halving will catapult us to 1mil was the bigger joke to be honest. So from a certain point of view it was priced in indeed, and even if it was just to get rid of all those paper hand bitches in here that think halving = lambo tomorrow | r/Bitcoin | 2024-21-05 |
Well EVERYONE in Bitcoin said the dollar is going to fail. Hasn't happened, so I guess everyone is wrong. | r/bitcoin | Well EVERYONE in Bitcoin said the dollar is going to fail. Hasn't happened, so I guess everyone is wrong. | r/Bitcoin | 2024-21-05 |
Him? Lol | r/bitcoin | Him? Lol | r/Bitcoin | 2024-21-05 |
a monkey will know better than jp morgan | r/bitcoin | a monkey will know better than jp morgan | r/Bitcoin | 2024-21-05 |
Look at the last time since we did 30% correction. We are past overdue. | r/bitcoin | Look at the last time since we did 30% correction. We are past overdue. | r/Bitcoin | 2024-21-05 |
JP Morgan has been saying a whole bunch of shit. Don't pay them any attention
https://www.theblock.co/post/271573/jpmorgan-ceo-jamie-dimon-says-bitcoin-doesnt-have-value-as-potential-spot-etf-approval-looms | r/bitcoin | JP Morgan has been saying a whole bunch of shit. Don't pay them any attention
https://www.theblock.co/post/271573/jpmorgan-ceo-jamie-dimon-says-bitcoin-doesnt-have-value-as-potential-spot-etf-approval-looms | r/Bitcoin | 2024-21-05 |
Could still happen? Of course, but it's a matter of probability however.
The position we are now, with this kind of momentum and after the halving, there is a SIGNIFICANTLY higher chance that we continue (much) further up.
So people here are right in bashing JP Morgan, even if it somehow still happens. | r/bitcoin | Could still happen? Of course, but it's a matter of probability however.
The position we are now, with this kind of momentum and after the halving, there is a SIGNIFICANTLY higher chance that we continue (much) further up.
So people here are right in bashing JP Morgan, even if it somehow still happens. | r/Bitcoin | 2024-21-05 |
Whatever these Wall Street “pros” say… I just ignore. Their predictions are correct less than 20% of the time and it’s sad because they could say the market is going up all the time and be right roughly 70% of the time just by statistical probability. | r/bitcoin | Whatever these Wall Street “pros” say… I just ignore. Their predictions are correct less than 20% of the time and it’s sad because they could say the market is going up all the time and be right roughly 70% of the time just by statistical probability. | r/Bitcoin | 2024-21-05 |
They bought it up before it happened lol. | r/bitcoin | They bought it up before it happened lol. | r/Bitcoin | 2024-21-05 |
This is very funny | r/bitcoin | This is very funny | r/Bitcoin | 2024-21-05 |
Cynical but unfortunately mostly very true | r/bitcoin | Cynical but unfortunately mostly very true | r/Bitcoin | 2024-21-05 |
And it’s in their best interest to manipulate the market so they can continue to buy even more | r/bitcoin | And it’s in their best interest to manipulate the market so they can continue to buy even more | r/Bitcoin | 2024-21-05 |
Do the opposite of what they say to do. Simple as that. | r/bitcoin | Do the opposite of what they say to do. Simple as that. | r/Bitcoin | 2024-21-05 |
I’m sure they happily bought what they wanted during the dip. | r/bitcoin | I’m sure they happily bought what they wanted during the dip. | r/Bitcoin | 2024-21-05 |
In fact, I'll go so far as to say it *will*. Eventually.
And it will go back up again, higher than previous ATH. and crash again. and then higher again. etc. this is all very cyclical in nature lol
it's like the guy with a sign saying "The world is ending". Technically on a long enough time frame, he's correct | r/bitcoin | In fact, I'll go so far as to say it *will*. Eventually.
And it will go back up again, higher than previous ATH. and crash again. and then higher again. etc. this is all very cyclical in nature lol
it's like the guy with a sign saying "The world is ending". Technically on a long enough time frame, he's correct | r/Bitcoin | 2024-21-05 |
with bitcoin everything is in play... always | r/bitcoin | with bitcoin everything is in play... always | r/Bitcoin | 2024-21-05 |
Perpetual motion.
Shot out to cats and jelly toast | r/bitcoin | Perpetual motion.
Shot out to cats and jelly toast | r/Bitcoin | 2024-21-05 |
they will always try to get your bitcoins but that doesnt mean it will not DIP before the true bull run | r/bitcoin | they will always try to get your bitcoins but that doesnt mean it will not DIP before the true bull run | r/Bitcoin | 2024-21-05 |
And Garrett short 40k haha | r/bitcoin | And Garrett short 40k haha | r/Bitcoin | 2024-21-05 |
I did not fall for the FUD, just the opposite. I saw it for what it was. | r/bitcoin | I did not fall for the FUD, just the opposite. I saw it for what it was. | r/Bitcoin | 2024-21-05 |
I have to agree with you there. The tone of it seemed to be "sell now, it's going to 40k, it's your last chance. JP Morgan has spoken. " | r/bitcoin | I have to agree with you there. The tone of it seemed to be "sell now, it's going to 40k, it's your last chance. JP Morgan has spoken. " | r/Bitcoin | 2024-21-05 |
Famous last words | r/bitcoin | Famous last words | r/Bitcoin | 2024-21-05 |
I would agree somewhat. But Dimon has come out anti-BTC, he botched Satoshi's name, the general tone was, "take our advice, get out now and save yourself". They also never even hinted that, it's going to 40K and will rebound. If they said that, then $52k might be called close enough. | r/bitcoin | I would agree somewhat. But Dimon has come out anti-BTC, he botched Satoshi's name, the general tone was, "take our advice, get out now and save yourself". They also never even hinted that, it's going to 40K and will rebound. If they said that, then $52k might be called close enough. | r/Bitcoin | 2024-21-05 |
You believed them? | r/bitcoin | You believed them? | r/Bitcoin | 2024-22-05 |
I agree with a lot of this. Just saying Dimon hates Bitcoin because he is an institution like Buffet and Munger. People that rich and powerful fear Bitcoin. Buffett literally makes 23 million a day off his Treasury holdings. Dimon is the most powerful banker in world outside of Powell. | r/bitcoin | I agree with a lot of this. Just saying Dimon hates Bitcoin because he is an institution like Buffet and Munger. People that rich and powerful fear Bitcoin. Buffett literally makes 23 million a day off his Treasury holdings. Dimon is the most powerful banker in world outside of Powell. | r/Bitcoin | 2024-22-05 |
Exactly lol, during their time of hating it.. they’ve created their own blockchain ledger system (Onyx coin) and have been continually buying Bitcoin….
Enough said. | r/bitcoin | Exactly lol, during their time of hating it.. they’ve created their own blockchain ledger system (Onyx coin) and have been continually buying Bitcoin….
Enough said. | r/Bitcoin | 2024-22-05 |
And gave their own blockchain ledger system already created. See: onyx coin on the JP Morgan website | r/bitcoin | And gave their own blockchain ledger system already created. See: onyx coin on the JP Morgan website | r/Bitcoin | 2024-22-05 |
Have* | r/bitcoin | Have* | r/Bitcoin | 2024-22-05 |
Yes | r/bitcoin | Yes | r/Bitcoin | 2024-22-05 |
Thank you so much! | r/bitcoin | Thank you so much! | r/Bitcoin | 2024-24-05 |
Now in progress? We are at 70k. Almost double the JP Morgan target. | r/bitcoin | Now in progress? We are at 70k. Almost double the JP Morgan target. | r/Bitcoin | 2024-24-05 |
We have a lot of newcomers entering the Bitcoin space recently who are exploring different exchanges and such. Some users are developing a habit of asking if various random websites some complete stranger PM'd them is a scam or not. Sometimes these sites are completely unrelated to Bitcoin. This is not the purpose of r/Bitcoin.
* Do not trust unsolicited messages telling you to check out some shady website.
* Do not trust Discord randos telling you that you won a prize.
* Do not trust anyone who promises guaranteed profits.
* Do not trust website with unpronounceable domain names
* Do not trust anyone claiming to give away free Bitcoin. (YouTube, Twitter, Discord)
* Do not trust anyone claiming they will double however much Bitcoin you send them.
* Do not trust 'pretty girls' on Tinder telling you about new investment opportunities.
* **If you have to ask** if some sketchy website or special offer is a scam, **then it probably is.**
You have to learn to think for yourselves. Recognize that there are many tricksters out there who will go to great lengths to separate you from your Bitcoin. Use your head and stay safe. If you send your Bitcoin to a scammer, it's gone forever. There are no refunds!
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Bitcoin) if you have any questions or concerns.* | r/bitcoin | We have a lot of newcomers entering the Bitcoin space recently who are exploring different exchanges and such. Some users are developing a habit of asking if various random websites some complete stranger PM'd them is a scam or not. Sometimes these sites are completely unrelated to Bitcoin. This is not the purpose of r/Bitcoin.
* Do not trust unsolicited messages telling you to check out some shady website.
* Do not trust Discord randos telling you that you won a prize.
* Do not trust anyone who promises guaranteed profits.
* Do not trust website with unpronounceable domain names
* Do not trust anyone claiming to give away free Bitcoin. (YouTube, Twitter, Discord)
* Do not trust anyone claiming they will double however much Bitcoin you send them.
* Do not trust 'pretty girls' on Tinder telling you about new investment opportunities.
* **If you have to ask** if some sketchy website or special offer is a scam, **then it probably is.**
You have to learn to think for yourselves. Recognize that there are many tricksters out there who will go to great lengths to separate you from your Bitcoin. Use your head and stay safe. If you send your Bitcoin to a scammer, it's gone forever. There are no refunds!
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Bitcoin) if you have any questions or concerns.* | r/Bitcoin | 2024-21-05 |
Cake Strategy | r/bitcoin | Cake Strategy | r/Bitcoin | 2024-21-05 |
Happy cake day! | r/bitcoin | Happy cake day! | r/Bitcoin | 2024-21-05 |
It’s destiny! | r/bitcoin | It’s destiny! | r/Bitcoin | 2024-21-05 |
Happy cake day send us some sats now | r/bitcoin | Happy cake day send us some sats now | r/Bitcoin | 2024-21-05 |
New ATH + Cake day is a lucky day mate | r/bitcoin | New ATH + Cake day is a lucky day mate | r/Bitcoin | 2024-21-05 |
I just dumped 0.000000000000000000000000000000000035 btc on the market. Prepare for the onslaught...
Happy cake day, and if this is the case, everyday should be cake day for u sir! | r/bitcoin | I just dumped 0.000000000000000000000000000000000035 btc on the market. Prepare for the onslaught...
Happy cake day, and if this is the case, everyday should be cake day for u sir! | r/Bitcoin | 2024-21-05 |
Bitcoin has absorbed over 1.5M BTC in sell-side pressure since December.
Around 30% of this came out of GBTC, but the rest of it was good old fashioned profit taking.
Yet bitcoin still has only given back -20% in a correction. Serious support below.
Credit to [checkmate](https://twitter.com/_Checkmatey_/status/1791222730861285722?) on twitter/x. | r/bitcoin | Bitcoin has absorbed over 1.5M BTC in sell-side pressure since December.
Around 30% of this came out of GBTC, but the rest of it was good old fashioned profit taking.
Yet bitcoin still has only given back -20% in a correction. Serious support below.
Credit to [checkmate](https://twitter.com/_Checkmatey_/status/1791222730861285722?) on twitter/x. | r/Bitcoin | 2024-21-05 |
Yes if there was no profit making. No selling/buying, btc would not be worth anything.... | r/bitcoin | Yes if there was no profit making. No selling/buying, btc would not be worth anything.... | r/Bitcoin | 2024-21-05 |
What's the deal with GBTC? Did they simply take a beating on people fleeing to the new ETF offerings or what? | r/bitcoin | What's the deal with GBTC? Did they simply take a beating on people fleeing to the new ETF offerings or what? | r/Bitcoin | 2024-21-05 |
GBTC were charging about 1.5% compared to the likes of IBIT at something like 0.2% or 0.25%. I’m sure my numbers aren’t quite right but you get the drift and can see why people would move. | r/bitcoin | GBTC were charging about 1.5% compared to the likes of IBIT at something like 0.2% or 0.25%. I’m sure my numbers aren’t quite right but you get the drift and can see why people would move. | r/Bitcoin | 2024-21-05 |
it usually drops 30% many times on the way up. this time is different | r/bitcoin | it usually drops 30% many times on the way up. this time is different | r/Bitcoin | 2024-21-05 |
I’m in Ontario Canada, what is a safe company or way to buy large sums of bitcoin to hold for long term results. I’m not exactly sure what a cold wallet is yet I’ve only bought some bitcoin on an exchange so far. Thanks. | r/bitcoin | I’m in Ontario Canada, what is a safe company or way to buy large sums of bitcoin to hold for long term results. I’m not exactly sure what a cold wallet is yet I’ve only bought some bitcoin on an exchange so far. Thanks. | r/Bitcoin | 2024-21-05 |
Swan looks good and supports Canada. | r/bitcoin | Swan looks good and supports Canada. | r/Bitcoin | 2024-21-05 |
> I’m in Ontario Canada, what is a safe company or way to buy large sums of bitcoin to hold for long term results. I’m not exactly sure what a cold wallet is yet I’ve only bought some bitcoin on an exchange so far. Thanks.
Entrusting your bitcoins to any custodian is unsafe. Self custody is the only way to go. NYKNY₿ | r/bitcoin | > I’m in Ontario Canada, what is a safe company or way to buy large sums of bitcoin to hold for long term results. I’m not exactly sure what a cold wallet is yet I’ve only bought some bitcoin on an exchange so far. Thanks.
Entrusting your bitcoins to any custodian is unsafe. Self custody is the only way to go. NYKNY₿ | r/Bitcoin | 2024-21-05 |
Bitcoin well | r/bitcoin | Bitcoin well | r/Bitcoin | 2024-21-05 |
I'm also in Ontario, Canada. In Niagara, as you might guess by my username. If you live near here we have a meetup every month where we talk Bitcoin.
I recommend Bull Bitcoin as the best place to buy, and large amounts is no problem.
For large amounts you will definitely want a hardware (cold) wallet. The ColdCard from Coinkite is the best, I highly recommend the Q or the Mk 4 models. Either one pairs great with Sparrow wallet on the desktop or Nunchuk wallet on your phone. | r/bitcoin | I'm also in Ontario, Canada. In Niagara, as you might guess by my username. If you live near here we have a meetup every month where we talk Bitcoin.
I recommend Bull Bitcoin as the best place to buy, and large amounts is no problem.
For large amounts you will definitely want a hardware (cold) wallet. The ColdCard from Coinkite is the best, I highly recommend the Q or the Mk 4 models. Either one pairs great with Sparrow wallet on the desktop or Nunchuk wallet on your phone. | r/Bitcoin | 2024-21-05 |
My girlfriends dad is insistent that by Bitcoin being infinitely divisible, it's no different than how they print more and more dollars. He reckons and says "what happens when Bitcoin becomes so expensive that people can't afford to buy or use it and I was wondering if that's a real possibility or not. I'd like some people to weigh in and maybe help me explain or articulate better that it's the opposite of inflation. He also is insistent that it has no use because it's not backed by anything. I tell him it's the utility behind it that gives it it's value and then he says at some point it has to collapse because it's not "real"...
Edit: Please keep comments respectful! There's no tension, I'm just genuinely looking for an explanation! He's a cool guy and he's playing devils advocate not necessarily being hostile! Also he'd like to know what would happen if the dollar crashes. Would BTC become worthless? | r/bitcoin | My girlfriends dad is insistent that by Bitcoin being infinitely divisible, it's no different than how they print more and more dollars. He reckons and says "what happens when Bitcoin becomes so expensive that people can't afford to buy or use it and I was wondering if that's a real possibility or not. I'd like some people to weigh in and maybe help me explain or articulate better that it's the opposite of inflation. He also is insistent that it has no use because it's not backed by anything. I tell him it's the utility behind it that gives it it's value and then he says at some point it has to collapse because it's not "real"...
Edit: Please keep comments respectful! There's no tension, I'm just genuinely looking for an explanation! He's a cool guy and he's playing devils advocate not necessarily being hostile! Also he'd like to know what would happen if the dollar crashes. Would BTC become worthless? | r/Bitcoin | 2024-21-05 |
Cutting a pizza into more slices doesn’t make more pizza | r/bitcoin | Cutting a pizza into more slices doesn’t make more pizza | r/Bitcoin | 2024-21-05 |
You can divide a pizza into a million billion atoms. It won't feed the appetite of the world. | r/bitcoin | You can divide a pizza into a million billion atoms. It won't feed the appetite of the world. | r/Bitcoin | 2024-21-05 |
They don't want to understand and it will be their folly. It's backed by the people and it will be used the same way all money is used. You used to be able to buy multiple items with one penny. Coins were the standard for regular folk and large bills were for the wealthy. Satoshis are the standard exchange denomination. Whole coins will be for large holdings and exchanges. | r/bitcoin | They don't want to understand and it will be their folly. It's backed by the people and it will be used the same way all money is used. You used to be able to buy multiple items with one penny. Coins were the standard for regular folk and large bills were for the wealthy. Satoshis are the standard exchange denomination. Whole coins will be for large holdings and exchanges. | r/Bitcoin | 2024-21-05 |
OP this is the only answer you need. Give him this and leave him alone for the seed to grow. If you keep battering him you'll cause problems - with your future father-in-law | r/bitcoin | OP this is the only answer you need. Give him this and leave him alone for the seed to grow. If you keep battering him you'll cause problems - with your future father-in-law | r/Bitcoin | 2024-21-05 |
I had a father in law like that once. Know it all bitch without any real sources or backing of his information except for grey hair and fat around his waste. He ended up in a sad miserable life from his proposed "grandeur" moments in the past that he kept talking about, denying the fact he was just a salesman for a tool company.
People like that are idiots. And like Jean-Francoi Marmion wrote in his "science of stupidity" is that arguing with an idiots leads to the creation of another idiot. That idiot is you, thinking you can can convince an idiot to change his mind.
Stop being and idiot and don't discuss this with this simpleton. Do like I did, I stayed in crypto with a wallet outperforming 10 years of labour of the poor sod in a month and I didn't even tell anyone because it is none of their business. They don't understand, but they will ask how you could pay for that X they cannot afford. In the end I also dumped his daughter but that is beyond the point. He is 1 google away from seeing my LinkedIn and the fact I got out of that shithole whilst he is still there haha! | r/bitcoin | I had a father in law like that once. Know it all bitch without any real sources or backing of his information except for grey hair and fat around his waste. He ended up in a sad miserable life from his proposed "grandeur" moments in the past that he kept talking about, denying the fact he was just a salesman for a tool company.
People like that are idiots. And like Jean-Francoi Marmion wrote in his "science of stupidity" is that arguing with an idiots leads to the creation of another idiot. That idiot is you, thinking you can can convince an idiot to change his mind.
Stop being and idiot and don't discuss this with this simpleton. Do like I did, I stayed in crypto with a wallet outperforming 10 years of labour of the poor sod in a month and I didn't even tell anyone because it is none of their business. They don't understand, but they will ask how you could pay for that X they cannot afford. In the end I also dumped his daughter but that is beyond the point. He is 1 google away from seeing my LinkedIn and the fact I got out of that shithole whilst he is still there haha! | r/Bitcoin | 2024-21-05 |
ERROR: type should be string, got "https://fudbitcoin.info/divisibility/\n\nRead that. \n\nTLDR: Infinitely divisible does not change your % owned of the supply. If supply is capped, you will always own the same amount in relation to the total supply. With fiat, when they print more, your % of owned vs total supply goes down." | r/bitcoin | ERROR: type should be string, got "https://fudbitcoin.info/divisibility/\n\nRead that. \n\nTLDR: Infinitely divisible does not change your % owned of the supply. If supply is capped, you will always own the same amount in relation to the total supply. With fiat, when they print more, your % of owned vs total supply goes down." | r/Bitcoin | 2024-21-05 |
All it needs is belief by the masses to work as money. Like the world believes in the US dollar. | r/bitcoin | All it needs is belief by the masses to work as money. Like the world believes in the US dollar. | r/Bitcoin | 2024-21-05 |
He is an idiot. Wow. | r/bitcoin | He is an idiot. Wow. | r/Bitcoin | 2024-21-05 |
Real question is why the fuck do you care what your father in law thinks? And why you having a debate over it keep it to yourself | r/bitcoin | Real question is why the fuck do you care what your father in law thinks? And why you having a debate over it keep it to yourself | r/Bitcoin | 2024-21-05 |
Not an idiot. Complete paradigm shifts usually don't just happen overnight or in a single conversation. | r/bitcoin | Not an idiot. Complete paradigm shifts usually don't just happen overnight or in a single conversation. | r/Bitcoin | 2024-21-05 |
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