Bitcoin is still early

[CM]

I haven’t checked Amazon and Tesla and Facebook but I’m guessing it isn’t pretty

meanwhile bitcoin blocks keep coming

Amazon and Tesla and Facebook and most of the other companies in QQQ produce products and services that generate revenue. Their valuations may be too high or too low, but the companies create value. It makes no sense to compare them to BTC.

[jacoavlu]

Amazon and Tesla and Facebook and most of the other companies in QQQ produce products and services that generate revenue. Their valuations may be too high or too low, but the companies create value. It makes no sense to compare them to BTC.

agreed. Just providing some perspective. There are frequent commenters here that want to say “it’s nothing but leveraged tech” or whatever

[xraygoggles]

agreed. Just providing some perspective. There are frequent commenters here that want to say “it’s nothing but leveraged tech” or whatever

Well, when I say that, I'm referring to BTC's similarity to tech stocks in terms of their stock charts, price action, and beta.

[jacoavlu]

Well, when I say that, I'm referring to BTC's similarity to tech stocks in terms of their stock charts, price action, and beta.

Im focused long term. Not interest in short term whatever. Which most here should align with

[MMJB LLC]

If you havent caught on that crypto is over, this is your last and very obvious sign. Take some off the table if still a believer sure, but there arent many rugs left.

Yes ofc it could recover and you could get filthy rich, but the odds are stacked against you and the warning/obvious signs were long there, and that can be hard to rationalize with yourself once the greed/facade has worn off and you're zeroed essentially.

If/when Tether collapses, I will be a buyer of a few select projects. At that point, the r/r will be enticing. Fingers crossed.

[MMJB LLC]

Amazon and Tesla and Facebook and most of the other companies in QQQ produce products and services that generate revenue. Their valuations may be too high or too low, but the companies create value. It makes no sense to compare them to BTC.

Agree. But the major benefit of BTC is not as a tech project per se. Its uses tech as a means to solve the same problem that gold and possibly silver do. Those are prob better comparisons. And I don't mean as commodities or industrial uses.

[Hank]

Agree. But the major benefit of BTC is not as a tech project per se. Its uses tech as a means to solve the same problem that gold and possibly silver do. Those are prob better comparisons. And I don't mean as commodities or industrial uses.

Surely you aren’t suggesting that crypto is a stable store of value, are you?

[jacoavlu]

Surely you aren’t suggesting that crypto is a stable store of value, are you?

curious what would you consider a stable store of value today?

[CordMcNally]

curious what would you consider a stable store of value today?

Guns and ammo…

[blippi]

some people will never appreciate a buying opportunity no matter how many times you give them one.

[bovie]

some people will never appreciate a buying opportunity no matter how many times you give them one.

Because what goes down always comes back up, right?

[bovie]

Surely you aren’t suggesting that crypto is a stable store of value, are you?

At least it’s a good inflation hedge! LOL.

[NapoleanDynamite]

you guys all realize btc is basically back where it was when this thread started 2 years ago? Meanwhile QQQ is down 10% same time. I haven’t checked Amazon and Tesla and Facebook but I’m guessing it isn’t pretty

meanwhile bitcoin blocks keep coming and it keeps being censorship resistant with the same supply cap as before.

most of “crypto” has gone to ************************ along with the rest of the world and yet 1 bitcoin is still going to cost you $16k or whatever

FWIW my original thread started in 5/2020 when BTC was at about $8,700. But nobody listened to me then and the thread got shut down...so I had to start another one in the fall of 2020. So even with this FTX disaster, BTC is still up about 100% since I started the thread.

But the rest of your points are spot on Jaco.

Go back through every post, and I don't think you will find me recommend any poopcoins and the exchanges I have recommended are all still in existence and doing just fine. I still prefer Strike and Swan at this point (although they are having trouble with their pricing the past 2 days). River or Unchained Capital are other options I would consider at this point. In the past I have mentioned Coinbase and Kraken although I'm not a huge fan of either right now. Either way, taking your bitcoins off of the exchange has become painfully obvious at this point for anyone paying attention.

If you have any coins on Crypto.com PLEASE FOR THE LOVE OF GOD get them off the exchange. The same is mostly true of Kraken and Coinbase, but Crypto.com would probably be the next ponzi to fall.

[NapoleanDynamite]

Guns and ammo…

And Water/food.

[Panscan]

some people will never appreciate a buying opportunity no matter how many times you give them one.

and some people have bled themselves dry buying the dip since 65k