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Let’s spell out the more blatant shortcomings of Bitcoin
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2021 Mar 8, 8:35am 3,345 views 191 comments
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« First « Previous Comments 176 - 191 of 191 Search these comments
176
WookieMan
2021 Mar 15, 8:14pm
WookieMan
2021 Mar 15, 8:14pm
Bitcoin says
I've been against it up or down. Be consistent. Read.
Bitcoin recovers and goes to new all time high: the haters are quiet.
I've been against it up or down. Be consistent. Read.
177
Bitcoin
2021 Mar 15, 8:24pm
Bitcoin
2021 Mar 15, 8:24pm
You cheer when its down and hate when its up. Your prediction was it will go to 1.2k. Instead its over 50k and Tesla bought 1.5B USD worth of Bitcoin to HODL on their balance sheet. Sry
178
WookieMan
2021 Mar 15, 9:51pm
WookieMan
2021 Mar 15, 9:51pm
Bitcoin says
You just figured out what a prediction is? lol. I don't have a pony in the race and never will. Don't want to see people get burned. Not sure how difficult that is to understand. My position has been consistent. You've yet to explain why crypto has any value. Those that haven't ignored you will keep waiting.
You cheer when its down and hate when its up. Your prediction was it will go to 1.2k. Instead its over 50k and Tesla bought 1.5B USD worth of Bitcoin to HODL on their balance sheet. Sry
You just figured out what a prediction is? lol. I don't have a pony in the race and never will. Don't want to see people get burned. Not sure how difficult that is to understand. My position has been consistent. You've yet to explain why crypto has any value. Those that haven't ignored you will keep waiting.
179
Patrick
2021 Mar 15, 10:26pm
Patrick
2021 Mar 15, 10:26pm
WookieMan says
I've banned this site from being indexed by Google at all. Let me know if you see it linked to there. I might have cause for a lawsuit.
All other search engines are free to index patrick.net though.
Because your site has been around so long all the search engines are tagging his keywords.
I've banned this site from being indexed by Google at all. Let me know if you see it linked to there. I might have cause for a lawsuit.
All other search engines are free to index patrick.net though.
181
WookieMan
2021 Mar 16, 6:55am
WookieMan
2021 Mar 16, 6:55am
Patrick says
That's just it though. I think most crypto guys avoid google as well. There's a reason the comments are worded the way they are and 1/2 with some link.
Not my realm at all, but I'd be shocked if google didn't have a work around to indexing the site that you'd never know about.
All other search engines are free to index patrick.net though.
That's just it though. I think most crypto guys avoid google as well. There's a reason the comments are worded the way they are and 1/2 with some link.
Not my realm at all, but I'd be shocked if google didn't have a work around to indexing the site that you'd never know about.
182
Bitcoin
2021 Mar 16, 8:44am
Bitcoin
2021 Mar 16, 8:44am
When Bitcoin retraces/corrects, haters cheer about a reduction in price. Not because they can now buy the dip but because they hate that people invest/HODL in Bitcoin.
Bitcoin haters are all about the price, but only when the price is in the red. As soon as it recovers and goes to new all time highs, the haters are telling themselves that they are not interested in Bitcoin's price. To me it sounds like Bitcoin haters have a Bitcoin derangement syndrome.
Bitcoin haters are all about the price, but only when the price is in the red. As soon as it recovers and goes to new all time highs, the haters are telling themselves that they are not interested in Bitcoin's price. To me it sounds like Bitcoin haters have a Bitcoin derangement syndrome.
183
WookieMan
2021 Mar 16, 9:23am
WookieMan
2021 Mar 16, 9:23am
12 ignores is a pretty clear sign no one cares about BTC or what you have to spam about it. That includes people that have invested in crypto and have said so on this site.
A possible prediction I made that didn't hit quickly doesn't mean I'm wrong. You seem very insecure about your "investment" to be so worried what others have to say on the price. Interesting.
A possible prediction I made that didn't hit quickly doesn't mean I'm wrong. You seem very insecure about your "investment" to be so worried what others have to say on the price. Interesting.
185
clambo
2021 Mar 16, 10:19am
I will buy a bank account in Swiss Francs rather than bitcoin if I’m concerned about the US dollar value dropping.
Alternatively, I can buy some of a Swiss stocks ETF, I am aware of a couple of them.
(I have FLSW)
If I want capital appreciation I guess I’ll buy the ETF. If I want capital preservation, the bank account.
I have no idea what Bitcoin is and I have no interest in learning.
Alternatively, I can buy some of a Swiss stocks ETF, I am aware of a couple of them.
(I have FLSW)
If I want capital appreciation I guess I’ll buy the ETF. If I want capital preservation, the bank account.
I have no idea what Bitcoin is and I have no interest in learning.
186
WookieMan
2021 Mar 16, 11:04am
WookieMan
2021 Mar 16, 11:04am
clambo says
This is the problem with Crypto. No one cares. People can earn money in plenty of other ways and there's zero evidence that crypto has an inherent value.
I'll keep making my money the way I do. It's outpaced crypto since 2017. So I'm good. I just don't want to see people lose their asses on some speculative video game that is 100% worthless outside of trading it.
I have no idea what Bitcoin is and I have no interest in learning.
This is the problem with Crypto. No one cares. People can earn money in plenty of other ways and there's zero evidence that crypto has an inherent value.
I'll keep making my money the way I do. It's outpaced crypto since 2017. So I'm good. I just don't want to see people lose their asses on some speculative video game that is 100% worthless outside of trading it.
187
Bitcoin
2021 Mar 16, 11:28am
Bitcoin
2021 Mar 16, 11:28am
clambo says
Of course there has to be people that dont care about innovation, technology or advancements. I bet you, some people still own landlines. Imagine everyone would understand and like Bitcoin.....the price would explode too quickly. Slow and steady wins the race. Bitcoin was at 15k back in November and is now at 55k a few months later. That is reasonable for what it is....digital gold. Even Tesla invested 1.5B USD in Bitcoin.
I have no idea what Bitcoin is and I have no interest in learning.
Of course there has to be people that dont care about innovation, technology or advancements. I bet you, some people still own landlines. Imagine everyone would understand and like Bitcoin.....the price would explode too quickly. Slow and steady wins the race. Bitcoin was at 15k back in November and is now at 55k a few months later. That is reasonable for what it is....digital gold. Even Tesla invested 1.5B USD in Bitcoin.
188
clambo
2021 Mar 16, 11:34am
You can call me a luddite, but the innovation that interests me makes my life easier.
That’s PayPal and ATM and credit cards.
As far as capital appreciation from Bitcoin, I don’t know what the risks are nor how to assess them, so I don’t want to buy it as an investment.
Exactly why should it go up? Is it because the dollar sucks?
I bought some Swiss Blue Chip stocks to accomplish the same thing and it is something I understand.
That’s PayPal and ATM and credit cards.
As far as capital appreciation from Bitcoin, I don’t know what the risks are nor how to assess them, so I don’t want to buy it as an investment.
Exactly why should it go up? Is it because the dollar sucks?
I bought some Swiss Blue Chip stocks to accomplish the same thing and it is something I understand.
189
WookieMan
2021 Mar 16, 11:40am
WookieMan
2021 Mar 16, 11:40am
clambo says
The question that never gets answers. TESLA!!!!!!!!!!
There's no use for it. To gain value from it, you use fiat. USD. This is indisputable. You do the same with stocks of course, but there's regulation, reporting, knowing who trades it, and most importantly ASSETS backing the value. None of that exists with crypto. It's spreadsheets with numbers. I guess some people find that valuable?
Exactly why should it go up? Is it because the dollar sucks?
The question that never gets answers. TESLA!!!!!!!!!!
There's no use for it. To gain value from it, you use fiat. USD. This is indisputable. You do the same with stocks of course, but there's regulation, reporting, knowing who trades it, and most importantly ASSETS backing the value. None of that exists with crypto. It's spreadsheets with numbers. I guess some people find that valuable?
190
Bitcoin
2021 Mar 16, 11:49am
Bitcoin
2021 Mar 16, 11:49am
WookieMan says
Institutional investors are pouring billions of USD into Bitcoin. Bitcoin is a new asset form. It could replace Bonds and is seen as digital Gold.
clambo saysExactly why should it go up? Is it because the dollar sucks?
The question that never gets answers. TESLA!!!!!!!!!!
Institutional investors are pouring billions of USD into Bitcoin. Bitcoin is a new asset form. It could replace Bonds and is seen as digital Gold.
191
Bitcoin
2021 Mar 17, 3:50pm
Bitcoin
2021 Mar 17, 3:50pm
Bitcoin says
nice rebound!
WookieMan saysDamn near 10% from a Sunday night to now is pretty alarming is all I'll say
Thank you @WookieMan
I needed that laugh! You make me laugh out loud almost daily!
nice rebound!
« First « Previous Comments 176 - 191 of 191 Search these comments
Let’s spell out the more blatant shortcomings of Bitcoin: The blockchain may be theoretically bomb-proof, but the exchanges that Bitcoin trades on can be fiddled, hijacked, and erased from the universe, and Bitcoins with them. Remember Mt. Gox? When it went tits-up in 2014, 850,000 Bitcoins vanished (out of the 21 million that can ever be “mined” under the system as designed). Bitcoins were worth under $1000 when that happened. Also, keep in mind is that Bitcoin is meaningless without reliable electric service and the Internet that runs on it. How many Bitcoins were bought-and-sold in Texas those dark days a couple of weeks ago when a blue norther rolled in and the lights went out. Of course, trading Bitcoin might be the least of your problems when the pipes freeze and all the sheetrock in your house gets prepped for a black mold experiment.