Bitcoin is still early

[jacoavlu]

not gonna lie, that thread -- and this online community -- was part of the fabric of my 2020.

those were the days. its kinda funny to look back

https://forum.whitecoatinvestor.com/the-lounge/184731-corona-fears-would-you-take-your-family-to-hawaii

[HM7]

Maybe someone should open a new thread, "Bitcoin, it's too late".
It still might be a great technological advancement, but probably too late as an investment.

[NapoleanDynamite]

What do YOU think about ordinals honeypuff? Please let us know

Honeypuff? I must be missing something.

[NapoleanDynamite]

Maybe someone should open a new thread, "Bitcoin, it's too late".
It still might be a great technological advancement, but probably too late as an investment.

Less than 2% global adoption. It is still very early. Definitely not too late.

[jacoavlu]

Maybe someone should open a new thread, "Bitcoin, it's too late".
It still might be a great technological advancement, but probably too late as an investment.

please start this thread

[HM7]

please start this thread

I'm not on the forum as frequently as you jacoavlu. Might I nominate you to start it?

[jacoavlu]

I'm not on the forum as frequently as you jacoavlu. Might I nominate you to start it?

you could have already started it instead of posting twice in this thread

[xraygoggles]

What do YOU think about ordinals honeypuff? Please let us know

You must be new to this thread - I'm agnostic on crypto.

I personally DGAF about any of the use-cases or ideology or philosophy behind crypto - I'm only in it to make $ (and have succeeded in that regard). It's just all nonsensical right-wing gibberish to me.

Having said that, I may ape into both Taproot Wizards and Yuga labs NFTs on bitcoin - hoping for a pump to dump on baggies. Simple as that.

[Tim]

Less than 2% global adoption. It is still very early. Definitely not too late.

What if it is now past its peak? What would the tail look like? Snarky in jest. Maybe a Venn diagram rather than a bell curve. Nice colors though,

[NapoleanDynamite]

What if it is now past its peak? What would the tail look like? Snarky in jest. Maybe a Venn diagram rather than a bell curve. Nice colors though,

Hey Tim,

It's possible that BTC is already past it's "peak". But the diagram is just an adoption curve that I lifted off of the Google. If Bitcoin has already reached it's peak then an adoption curve is not appropriate to look at and has no meaning.

If this is the case, Bitcoin will be going to zero or close to zero. Obviously you know my opinion on the likelihood of this already.

[jacoavlu]

It will not be over 5k in 1 year. Will go to single digit thousands in next 2-3 months as binance insolvency becomes public.

this didn’t quite happen, but at least the finance world has stabilized in the meantime so that’s good

[xraygoggles]

Another bank run (this time in US not overseas) yet Bitcoin sputtering round 20k.

If this isn't a use case for it, what is?

[xraygoggles]

Also be on the lookout for possible USDC death spiral via redemptions beginning tomorrow morning. They had 8% reserves at SVB.

Circle promised $1 for every USDC even tho it's trading at 96 cents currently. And as more people redeem, there is a larger hole relative to the decreasing market cap. Price should spiral down albeit slowly

[ShredtheGnar]

Also be on the lookout for possible USDC death spiral via redemptions beginning tomorrow morning. They had 8% reserves at SVB.

Circle promised $1 for every USDC even tho it's trading at 96 cents currently. And as more people redeem, there is a larger hole relative to the decreasing market cap. Price should spiral down albeit slowly

It had dropped to 1:0.88 at one point. Not looking stable at all. If it can’t stay pegged to the dollar at really close to 1:1 it practically is worthless.

[jacoavlu]

Another bank run (this time in US not overseas) yet Bitcoin sputtering round 20k.

If this isn't a use case for it, what is?

It’s a good reminder that most things that we think we own, we don’t truly own

if it can be paused or denied or rug pulled or you have to ask permission, you don’t really own it