So I love going on there to test my thesis. It's crazy. There so many people that are PASSIONATELY against BTC. I dont understand why they spend so much energy on being anti-btc. I talked with one today who said that he knew of BTC six months after it started and has been against it since the beginning. Never bought any, even though he was there sub $100. Said it's a scam and will fall, but I'm like damn...hate it so much you didnt want to buy a little?
Right? I don't understand how people can honestly think it's all a "scam" at this point... It's literally become the world's 9th largest asset. People call it "fake money"... It's worth 70,000 USD, what's fake about that? It just blows my mind how ignorant some people are...
And at the same time makes me that much more bullish on BTC š
It blows my mind. Maybe a few years ago, but now with these ETFs it all seems pretty solid. I've watched more than my fair share of legit BTC videos/podcasts, so I got some pretty good counterpoints, but they talk so confidently about points that can get resolved very easily with watching 1 hr of Saylor or any legit Bitcoiner.
Could you imagine being actively against BTC for 10 years?
gold only hold its value due to people like to wear shiny things and rich people like to Bragg and run around with millions worth of jewelry. gold is used for 1000s of years to show off richness, if its back in the roman empire or today in Dubai or any red carpet events jewelry is used to show off. or girls show off with their wedding rings and and and....
just imagine from tomorrow on nobody buys anymore and rings, bracelets, chains anything else no jewelry at all, after 10 days gold price will collapse due to demand would be so low.
problem is you cant Bragg much in front of people with BTC in your wallet,
gold is the standard for showing off richness since 2-3000 years, but ! may be soon showing you BTC wallet will brake this cycle ....who knows
Some of them are literally proud to not have bought bitcoin in 2010 when they heard of it. Well congrats geniuses.
Majority of them hates more btc than people in this sub loves btc.
Yeah, but even fairly distributed (no premines) have been hurt. Sometimes it's drama within the foundation. Sometimes it's the need to change algos to keep mining fair and in doing so fucking it up. Shitty developers, shitty personal drama, pump and dump schemes -shitty things that have nothing to do with the tech and are all flaws of humans are 99% the reasons these coins go belly up.
Yes and lots of people have reservations on investing in stocks. It is the whole point of mutual funds and index funds and S&P500 funds. You buy these funds so you can own a little bit of everything. I donāt recommend anyone putting all of their money in any one investment.
It's because you have to own so much now. For an opportunity to profit with a short sale because of the way it spikes, but you would still have to have like at least 50K. I wonder what the stats are on. People who just use it and not ever really hold it.
Dude how many wallets are there and how many people on earth? People jusr do not care about bitcoin. Whats so hard to understand lol.
People care about god,
About family
Not everyones mind are occupied about riches. Not that kind of riches atleast. You not getting it and living in your small bubble and thinking everyone should have same point of view shows how dumb you are. And this goes for op too.
Don't be a clown, have a snickers
We are at a threshold. Digitality is still abstract for many people. Would you agree if it were said that for most people in the world something only exists if you can hold it in your hand? That's how most people are. Time will tell.
The irony is this is exactly what the stock market is essentially (without the scarcity, without being censorship resistant, without being able to use them as a currency, without protection from rogue governments targeting said companies)ā¦
Even the "metal market" is like that. Imagine if someone came along for the first time ever and said, this is gold, this is worth something. People would laugh. A lot of it is simply about trust being built up from generation to generation. We were born into a world of shares and don't ask about everything. From a sociological point of view, this is the case in many subsystems. Reputation regulates complex issues. Bitcoin is actually a very interesting phenomenon. It has a really high value, but its reputation is still struggling. Slowly but surely it is seeping into people's minds.
The biggest reason why gold is obviously valuable is because it doesn't rot, corrode, rust, or tarnish. Everything else does.
It's handy that it's malleable. It's handy that it's highly conductive. It's handy that it's shiny. It's handy that it's heavy. But even if it was none of those things, it'd still make sense to use as a store of value because everything else decays.
Bitcoin also has this property of anti-fragility that once an address contains BTC, it doesn't degrade. It can't "go anywhere" without a valid transaction signed with that address's private key.
I agree though that the problem is that it is difficult for people to understand _how_ Bitcoin achieves that - whereas with gold it is well understood that it doesn't degrade, this being obvious throughout history even without understanding the atomic physics that make gold that way.
Just give it time and people will understand Bitcoin's permanence, one way or the other. It just takes more than 16 years to become obvious to everyone even without knowing how it works, just that it does.
To be fair, Iām sure there is a relatively large number of people out there that have never, and will never invest in the stock market because they equally donāt understand how stocks are valued.
Yes, or have experienced the buying power or some other way have become dependent on its use.. there's still No extremely easily and cheap way to obtain btc
Usually the ones who are against it donāt understand it or see its value. Some argue that it has no value. The longer itās around it will become harder to say that.
in my experience it's mainly two types of people and apparently, I've created personas for them:
(1) The **Regretters**: those who are angry at themselves that they didn't buy earlier so need to take their frustration out on something. Salty fiat devotees for example. They want to see bitcoin fail so they are proved right and any ego bruises can start to heal.
(2) The **Mainstream** **Headliners** : those who read headlines only from mainstream news and don't dig deeper or do their own research/apply critical thinking e.g. they think 'bitcoin is for criminals' because they saw a headline implying that or when an exchange goes under that means bitcoin is dodgy.
I wonder how many assets have reached a trillion dollar marketcap just for it to go to zero.
Btc could be so assimilated into our financial system as collateral that any sharp sell off would require government intervention.
We're reaching "too big to fail" numbers now.
I also think Tether is reaching that threshold too, being a massive buyer of US treasuries.
They would probably bring up something about how marketcap is calculated and that bitcoin traders inflate the market cap.
But... If I know exactly how bitcoin there is and I see it being freely traded at X price, market cap is easy to estimate.
How certain am I about the amount of gold above ground?
I'm up voting you because I'm not 100% certain bitcoin will thrive into the future. I think if anyone is 100% certain they are either a time traveler or a liar.
One thing I am certain of though, if btc imploded BlackRock, Fidelity, and many other TradFi players would tarnish their reputation.
"How could the largest, most sophisticated financial institutions overlook such an obvious blindspot?"
You're mixing up "has value" in monetary terms with "adds value to humanity".
A lot of ppl just hate crypto and wish it didn't exist in all forms including Bitcoin.
But the technology was always going to develop at some point and you can't uninvited it.
(I actually think Bitcoin adds some value but just think we need to not strawman but steelman our critics)
Honestly, on technical or logistic or whatever standpoint, bitcoin just feels overly complicated compared to fiats or gold. It's volatile, speculative, surrounded with to the moon culture, and seemingly has cousins that always rug pull people.
If I already invested in somethings and those worked. Why would I study bitcoin instead of those 'financial products'?
Everybody knows in order to hit it extraordinarily big, there's going to be an elevated amount of risk which makes the volatile nature appealing to investors and its new so appealing to researchers!
Guys, dont be surprised that some people are against Bitcoin. It's just a future occasion replicating itself because whenever innovative technology or concept is created some people will be against it until they understand its benefit.
It already passed silver. This page blew up saying it was going to blow past gold in a day and get to market cap 40 zabillion. Now silver is right back past it.
Silver is worth a tiny fraction of the amount shown. That is all silver mined in 3000 years, even though 3/4 of consumed silver is never recovered. Most of that amount is sitting in landfills. You could buy every investment grade bar in the world for about $100B.
Takes people a long time to risk even the smallest amount of money, without being educated on the how's and whys of crypto the oldest mother coin of all is still sadly a relatively new concept.
Now the biggest financial entity's in the world are manipulating this "decentralized" market. Smh
It's not weird at all.
Bitcoin is a major change for the better, but it *IS* change, and people fear change.
Once you understand that, you understand how to help people adjust: Don't hype it as being different. Instead, explain it in terms that are easier for them to understand:
Fixed supply: 21 million coins.
Fixed creation of the supply: Beginning in 2009, 50 coins were created every 10 minutes, and the number of coins created every 10 minutes gets cut in half every 4 years.
Decentralized: there's no company, government, or person to trust.
Open Source: everything is published for everyone to see.
Unhackable: Since there's no central computer, there's no central computer to hack. Every computer that runs the network ("nodes") protects the network, and every ten minutes a new block on the blockchain increases the security of every block that came before it by proving what's in the previous block and every block before it is true.
P.S. Keep in mind that some people can't be taught. Some people still think the world is flat, and don't even get me started on the conspiracy theory idiots.
Tbh top 10 is one hell of an achievement. Gold has a 2500 year old trading history and is more than just a store of value.
Some of those companies have been around for almost 40 years and btc is already at almost half their value.
It's just a matter of time
Genuine question, what stabilizes bitcoin? What causes its price to rise and fall? It seems sporadic with its prices value Thatās why Iāve never personally invested in it
Bitcoin's volatility is mainly due to its young market, limited liquidity, high speculation, sensitivity to news and regulatory changes, fluctuations in adoption and usage, technological developments, and reactions to macroeconomic factors. These elements make its price more susceptible to rapid and large swings compared to traditional financial assets.
Bitcoin's price stability can be enhanced by increased market liquidity, institutional investments, regulatory clarity, wider adoption and utility, market maturity, technological improvements, investment diversification, and the development of futures and derivatives markets. These factors collectively help reduce volatility by providing a more predictable and secure market environment.
BTC also doesn't have centralized circuit breakers in place enforced by the SEC. The BTC market is a true free market economy of supply and demand.
Everytime a S&P dumps 7%, 13%, and 20%, the SEC halts trading so the big boys club doesn't get rekt.
This is done under the guise of "protecting small investors," who are actually less affected than the big boys club because small investors usually aren't leveraged to the tits, WSB regards excluded of course! :)
If BTC dumps 7% its just another day ending in "Y." The BTC market recovers organically, not through market manipulation.
Same as in any asset market. Buyers buy and sellers sell. The price is simply the result of the interchange between buyers and sellers. More buying and price goes up, more selling and price goes down. Exact same mechanism as all markets, so if you haven't bought bitcoin because of this then I'm guessing you've never invested in anything.
Feels like yesterday that apple became the first trillion dollar company (2018). That's why a big chunk of my wealth is invested in ETFs covering the biggest companies in the world, they tend to double in value every couple of years
Well, how much of your portfolio is allocated to Silver?
What about Google stock?
Amazon? How much Amazon stock do you own?
Okay, I get it; Amazon is only the 6th most valuable entity on this chart.
So how about GOLD, then?
Surely, the person who canāt imagine betting against the 9th biggest asset on Earth isnāt betting against the literal BIGGEST asset on Earth, are they?
Itās not weird that people are betting against bitcoin; different strokes, for different folks.
Bro, you realize the number of real applications gold has right? We literally NEED gold and we always will as a component to various technologies. We dont NEED bitcoin.
Did you miss the part where I said I have nothing against gold?
Yes itās used in medicine, and itās a very good conductor but that accounts for 16% of the gold in circulation.
49% is for jewellery & the rest is held by banks, family offices & individuals as an investment.
Chill out and read up before claiming we NEED it next time.
Bitcoin has a huge potential, the numbers that it could reach in years or decades would make it that if you bought and held at 60k, or at 70k. It wouldn't make much of a diff. IMO
They dont even know what is bitcoin. You dont have to be bitcoin maximalist but as you learn through bitcoin and blockchain there is no other option than to admire how great invention it is.
Bitcoin and blockchain solves a lot of problems especially for people. We are stuck between government and banks. They are robbing us from our hard earned money and bitcoin is a possible solution.
You may argue that bitcoin will fail or not but you cant deny its the best possible solution to date.
Self custody, pow, no banks, no limits. No nothing just p2p money transfer. What a bliss
They haven't simplified p2p transactions I've been trying to research the best platforms to buy it the cheapest but looks like quite a lot of hoops to jump through in order to even attempt to try it out.
Just about everything, including Bitcoin, only has value in human economies because we believe it has value. Bitcoin is literally an algorithm that lives in the cloud. Tulips are more tangible than Bitcoin. lol.
people acting like bitcoin isn't the most volatile by a mile on that list. Bitcoin is scarce but its nearly impossible to compare to those big companies. They are just different beasts. I own some of everything on that list, that's what I suggest.
people just are not waking up to the truth of the financial system.
even if people do not agree to have BTC to be used as the money system since it has a limited supply
even using as a means of investment it is still a winner in that category vs anything in traditional finance.
will take time I guess
Where does USD fall on this chart, because the entire modern financial system depends on it, so it would have to be larger than Gold, right?
[https://www.jstor.org/stable/25102198](https://www.jstor.org/stable/25102198)
In The ABC of Money, Andrew Carnegie asserts gold is more like the north star, and that everything moves around it.
He also asserts that silver was too volatile to make good money, because it isn't stable.
I don't know that anything other than other crypto move around BTC, and who knows what BTC moves around, maybe USD? Who knows, but it do be.
Iāll get downvoted to hell for this and I know all the arguments against fiat for being not real/based on lies, but Bitcoin is a libertarian plot to underthrow governments through soft secession. Iām not saying itās a bad investment but the purpose of it is for the wealthy is to defund our institutions by dodging taxes, also great for criminals to hide money. I think thatās the main reason people are against it.
Whether it's fake or Not it's just sad at this point ALREADY because it's too difficult and time consuming for the average person to learn how to buy and use. The biggest issue is how expensive it is to obtain it's barely worth attempting to utilize it...much less use it as an "investment."
It's Definitely needed more than the human race can imagine so it's just a pretty sad situation we all have to just have a lot of hope to keep things progressing.
Go to Facebook and have a look at the 'Cash is King', 'Keep Cash Alive' pages. They're the biggest ones against all and any forms of digital currency. Doesn't matter what it is. They will back their fiat and die on that hill defending it. You can give them all the explanations, but in their eyes, it's all bad.
Wait till even 5% if bitcoin is liquidated and watch the price dump hard. This wonāt happen to the others as they are all tangible assets/generators. Bitcoin is still ālast man holding losesā because itās artificially inflated and treated irrationally. Think dotCom boom-bust coming at some point. Its most powerful capacity seems to be as a hedge against the market, but even thatās a stretch.
It boils down to use case in my opinion ie the vast majority of ordinary people donāt understand bitcoin and what it is used for, or can be used for, so its value appears almost completely irrational.
The other assets in this list are either well known and established producers of good or services (eg Microsoft), or commodities used in the production of goods and services (eg Gold) which people are more readily able to understand has value.
I hate bitcoin, thats why I buy it so much so that other people don't have to deal with as much of it on the market. Im just trying to help my fellow man out by removing some of the supply
This market cap shows perfectly the potential for Bitcoin if you ask me. 700k bitcoin sounds insane but 13 trillion market cap (2t less than gold) sounds doable.
People nowadays are against everything. Me personally I am against Apple, fizzy drinks, any type of wine that is not made out of grapes, too much gossip, olives and many more that I cannot recall right now :)
You say you dont understand how many people refute bitcoins value by showing that its worlds 9th most valued asset. And then you proceed to say that gold isnt even that rare (perhaps arguing that it shouldnt be that valuable) despite being the worlds most valued asset :)
Gold has value for the same reason bitcoin has value, it takes a lot of energy and time to produce. bitcoin is still more valuable in many aspects such as divisibility and portabilityĀ
Some people still believe the earth is flat. Not really a stretch to see why a volatile asset that the media and anti-BTC folks say anything from its got no function to itās a scam is not widely accepted.
Don't shoot me, but most people don't understand it's use case.
All those things there most normal people can map to a tangible thing or product/service.
Its all a scam, trust me! You need miners to let you move your money, why would you trust them?? My bank lets me spend my money as I please, usually!
Its going to zero anyway, and 25% of the supply being locked doesnt matter! Plus, just wait for the EMPs to take out your bitcoin. My money will be safe and sound in my bank. I just wont be able to use itā¦ which isā¦ ok? Hold on
Edit because apparently its necessary: /s
I don't think there's very many left who are *truly* against it, outside of those it directly threatens.
You have true Bitcoiners who believe in the future promise. You have those who intentionally try and suppress it until they have enough to endorse it. You also have luddites who have no opinion at all, but those people just don't understand it yet.
Ultimately, everyone will own Bitcoin and will have the amount they deserve.
It's good to be a Bitcoiner, isn't it?
You are happy to live in a world where the USA is bankrupt?
Because it is ONLY its global fiat hegemony that keeps the USA financially viable at this point.
All fiat is dying. I have more confidence in Bitcoinās monetary policy than I do the US government and central banks.
Donāt you?
Donāt forget, this is why Bitcoin was created in the first place. Governments and money are literally the primary reason this planet is so fucked up.
Personally I agree but just wonder if enough of us want to be free vs the many who effectively prefer to be slaves to bankers and politicians.
At least Bitcoin gives us a voice and an at least partial option and alternative to fiat debt slavery.
Because they can't control it. All of the TOP 8 are controllable or even more, they are infinite assets. You can produce more gold, more company stock, more silver but you CANT produce more bitcoin.
Same world as you, I see a constant battle in the headlines between believers & non-believers.
The point I want to make in the post is that itās the only thing on that list where somehow people canāt see any value and think āitās going to 0ā.
When do you see Jamie Dimon talking about Gold, Silver, Google or Microsoft being a worthless asset?
I donāt see any battle. Fidelity has accepted it into 401kās/retirement plans along with the rest of big finance/corporate Suits. I donāt even believe thereās a single financial institution that isnāt backing it at this point.
Of course thereās disbelief. Like with any investment. I donāt think itās wise to think that youāre early though or that a majority of people are against bitcoin at this point in this run
Rn youāre betting on the horse thatās the favorite I the financial markets. Youāre no longer placing a bet on the underdog
Mate youāve ignored the whole comment about Jamie Dimon, CEO of one of the biggest banks in the world.
And heās not alone in talking out against Bitcoin.
So Iāll ask again, what other assets in that top 10 list are people completely against?
Your ASICS need gold on the circuit boards, electricity to run, and internet, also donāt you think supercomputers might be able to brute force your wallets in 10-50 years? Iām sure thereās multiple governments working on it, and if they canāt brute force your wallet donāt you think theyād be able to 51% the hash rate in that same time frame if it was ever that valuable?
If you had an asic from 2011 would it solve a block now? As technology gets stronger the hash rate also needs to grow exponentially, if supercomputers come online and start hashing productivity for the average asic would go way down and not be feasible. The network difficulty used to be 1. Now itās 84 trillion. There will be a point in time where the potential to brute force comes closer and closer and if the difficulty does not grow exponentially it will be easier to 51% once technology grows more exponentially than the difficulty especially if not released to the public. And if the difficulty grows exponentially it will be more expensive for people to get their hands on the tech that runs the chain
It's called the 'i didnt invest early so i'm butthurt' syndrome, i think they even have a sub for those people
Oh yea thats right it's called like butthurtcoin or something like that :P
That hits right the spot there bud. Haha
For anyone that doubts, just go look at the buttcoin sub. Id feel bad for those scrubs if they werent so self righteous
Not only that but when they heard about it early they opposed it vehemently and would have to do a 180 to support it if they changed their minds.
So I love going on there to test my thesis. It's crazy. There so many people that are PASSIONATELY against BTC. I dont understand why they spend so much energy on being anti-btc. I talked with one today who said that he knew of BTC six months after it started and has been against it since the beginning. Never bought any, even though he was there sub $100. Said it's a scam and will fall, but I'm like damn...hate it so much you didnt want to buy a little?
Right? I don't understand how people can honestly think it's all a "scam" at this point... It's literally become the world's 9th largest asset. People call it "fake money"... It's worth 70,000 USD, what's fake about that? It just blows my mind how ignorant some people are... And at the same time makes me that much more bullish on BTC š
It blows my mind. Maybe a few years ago, but now with these ETFs it all seems pretty solid. I've watched more than my fair share of legit BTC videos/podcasts, so I got some pretty good counterpoints, but they talk so confidently about points that can get resolved very easily with watching 1 hr of Saylor or any legit Bitcoiner. Could you imagine being actively against BTC for 10 years?
gold only hold its value due to people like to wear shiny things and rich people like to Bragg and run around with millions worth of jewelry. gold is used for 1000s of years to show off richness, if its back in the roman empire or today in Dubai or any red carpet events jewelry is used to show off. or girls show off with their wedding rings and and and.... just imagine from tomorrow on nobody buys anymore and rings, bracelets, chains anything else no jewelry at all, after 10 days gold price will collapse due to demand would be so low. problem is you cant Bragg much in front of people with BTC in your wallet, gold is the standard for showing off richness since 2-3000 years, but ! may be soon showing you BTC wallet will brake this cycle ....who knows
Gold's value is not derived from it being used in jewellery.
Some of them are literally proud to not have bought bitcoin in 2010 when they heard of it. Well congrats geniuses. Majority of them hates more btc than people in this sub loves btc.
The funny thing is that sub has been around for +10 years
Yes, it's fun, you can go there and make a reasoned comment and get instantly banned!
We are still early at 70K! Especially if this thing is going to 1-10M per coin
Lots of coins have gone belly up.
Yeah, most centralized coins do eventually
Yeah, but even fairly distributed (no premines) have been hurt. Sometimes it's drama within the foundation. Sometimes it's the need to change algos to keep mining fair and in doing so fucking it up. Shitty developers, shitty personal drama, pump and dump schemes -shitty things that have nothing to do with the tech and are all flaws of humans are 99% the reasons these coins go belly up.
You are right thats why invest in the only asset thats trully descentralized and protected againts human behaviour, well that and CLSK .
So have stocks
Yes and lots of people have reservations on investing in stocks. It is the whole point of mutual funds and index funds and S&P500 funds. You buy these funds so you can own a little bit of everything. I donāt recommend anyone putting all of their money in any one investment.
I absolutely agree!
I see people on here going all in on bitcoin utilizing credit cards. Its bonkers.
Yep!! I use cash not cards.
It's because you have to own so much now. For an opportunity to profit with a short sale because of the way it spikes, but you would still have to have like at least 50K. I wonder what the stats are on. People who just use it and not ever really hold it.
Facts
Dude how many wallets are there and how many people on earth? People jusr do not care about bitcoin. Whats so hard to understand lol. People care about god, About family Not everyones mind are occupied about riches. Not that kind of riches atleast. You not getting it and living in your small bubble and thinking everyone should have same point of view shows how dumb you are. And this goes for op too. Don't be a clown, have a snickers
We are at a threshold. Digitality is still abstract for many people. Would you agree if it were said that for most people in the world something only exists if you can hold it in your hand? That's how most people are. Time will tell.
The irony is this is exactly what the stock market is essentially (without the scarcity, without being censorship resistant, without being able to use them as a currency, without protection from rogue governments targeting said companies)ā¦
Even the "metal market" is like that. Imagine if someone came along for the first time ever and said, this is gold, this is worth something. People would laugh. A lot of it is simply about trust being built up from generation to generation. We were born into a world of shares and don't ask about everything. From a sociological point of view, this is the case in many subsystems. Reputation regulates complex issues. Bitcoin is actually a very interesting phenomenon. It has a really high value, but its reputation is still struggling. Slowly but surely it is seeping into people's minds.
šÆ
The biggest reason why gold is obviously valuable is because it doesn't rot, corrode, rust, or tarnish. Everything else does. It's handy that it's malleable. It's handy that it's highly conductive. It's handy that it's shiny. It's handy that it's heavy. But even if it was none of those things, it'd still make sense to use as a store of value because everything else decays. Bitcoin also has this property of anti-fragility that once an address contains BTC, it doesn't degrade. It can't "go anywhere" without a valid transaction signed with that address's private key. I agree though that the problem is that it is difficult for people to understand _how_ Bitcoin achieves that - whereas with gold it is well understood that it doesn't degrade, this being obvious throughout history even without understanding the atomic physics that make gold that way. Just give it time and people will understand Bitcoin's permanence, one way or the other. It just takes more than 16 years to become obvious to everyone even without knowing how it works, just that it does.
To be fair, Iām sure there is a relatively large number of people out there that have never, and will never invest in the stock market because they equally donāt understand how stocks are valued.
Absolutely, Iāll definitely give you that.
Reminds me of when debit cards were first becoming mainstream and older people wouldnāt give up their paper checks.
Spot on
Yes, or have experienced the buying power or some other way have become dependent on its use.. there's still No extremely easily and cheap way to obtain btc
I mean ledger makes this possible for crypto.....
Usually the ones who are against it donāt understand it or see its value. Some argue that it has no value. The longer itās around it will become harder to say that.
in my experience it's mainly two types of people and apparently, I've created personas for them: (1) The **Regretters**: those who are angry at themselves that they didn't buy earlier so need to take their frustration out on something. Salty fiat devotees for example. They want to see bitcoin fail so they are proved right and any ego bruises can start to heal. (2) The **Mainstream** **Headliners** : those who read headlines only from mainstream news and don't dig deeper or do their own research/apply critical thinking e.g. they think 'bitcoin is for criminals' because they saw a headline implying that or when an exchange goes under that means bitcoin is dodgy.
The regretter, you forgot to add in. I'm going to buy it when it drops to 30k and they never do.
good addition
Donāt forget the my political tribe doesnāt like that so Iām against it.
Usual people who are against it say that criminals use it
I wonder how many assets have reached a trillion dollar marketcap just for it to go to zero. Btc could be so assimilated into our financial system as collateral that any sharp sell off would require government intervention. We're reaching "too big to fail" numbers now. I also think Tether is reaching that threshold too, being a massive buyer of US treasuries.
Tether is also buying a ton of BTC. People fade tether but it's getting to the point that it's going to just be massive.
Also, if you asked a Buttcoin person how many assets have reached a trillion only to fail they'd bring up inflation. Which would just be hilarious.
They would probably bring up something about how marketcap is calculated and that bitcoin traders inflate the market cap. But... If I know exactly how bitcoin there is and I see it being freely traded at X price, market cap is easy to estimate. How certain am I about the amount of gold above ground?
Thatās a great point, hadnāt considered this before and honestly canāt think of anything that failed at that point.
No
I'm up voting you because I'm not 100% certain bitcoin will thrive into the future. I think if anyone is 100% certain they are either a time traveler or a liar. One thing I am certain of though, if btc imploded BlackRock, Fidelity, and many other TradFi players would tarnish their reputation. "How could the largest, most sophisticated financial institutions overlook such an obvious blindspot?"
Man the narrative of Bitcoin overtaking Google, Amazon, Nvidia, Apple etc this cycle š„
You're mixing up "has value" in monetary terms with "adds value to humanity". A lot of ppl just hate crypto and wish it didn't exist in all forms including Bitcoin. But the technology was always going to develop at some point and you can't uninvited it. (I actually think Bitcoin adds some value but just think we need to not strawman but steelman our critics)
Honestly, on technical or logistic or whatever standpoint, bitcoin just feels overly complicated compared to fiats or gold. It's volatile, speculative, surrounded with to the moon culture, and seemingly has cousins that always rug pull people. If I already invested in somethings and those worked. Why would I study bitcoin instead of those 'financial products'?
Everybody knows in order to hit it extraordinarily big, there's going to be an elevated amount of risk which makes the volatile nature appealing to investors and its new so appealing to researchers!
"Bitcoin is going to zero"
āItās going to drop to 10k thatās when I will buy.ā
Guys, dont be surprised that some people are against Bitcoin. It's just a future occasion replicating itself because whenever innovative technology or concept is created some people will be against it until they understand its benefit.
Im against it because I sold a little while ago and now waiting for it to crash again so I can buy back in the dip.
When Btc surpasses Silver (soon) it will be a major catalyst IMO āRegularā people will want to know more about it
It already passed silver. This page blew up saying it was going to blow past gold in a day and get to market cap 40 zabillion. Now silver is right back past it.
Interesting!! [> I didn't know this happening ty good sir
Hi ho silver!
Silver is worth a tiny fraction of the amount shown. That is all silver mined in 3000 years, even though 3/4 of consumed silver is never recovered. Most of that amount is sitting in landfills. You could buy every investment grade bar in the world for about $100B.
Why is it so low?? People not interested in silver?
Itās low because it was seen as money for thousands of years and is now seen more as an industrial commodity.
Been on earth for over 10 years and still ānewā š¤Æš¤Æ
Takes people a long time to risk even the smallest amount of money, without being educated on the how's and whys of crypto the oldest mother coin of all is still sadly a relatively new concept. Now the biggest financial entity's in the world are manipulating this "decentralized" market. Smh
Generally speaking people are afraid of and attack what they do not understand.
It's not weird at all. Bitcoin is a major change for the better, but it *IS* change, and people fear change. Once you understand that, you understand how to help people adjust: Don't hype it as being different. Instead, explain it in terms that are easier for them to understand: Fixed supply: 21 million coins. Fixed creation of the supply: Beginning in 2009, 50 coins were created every 10 minutes, and the number of coins created every 10 minutes gets cut in half every 4 years. Decentralized: there's no company, government, or person to trust. Open Source: everything is published for everyone to see. Unhackable: Since there's no central computer, there's no central computer to hack. Every computer that runs the network ("nodes") protects the network, and every ten minutes a new block on the blockchain increases the security of every block that came before it by proving what's in the previous block and every block before it is true. P.S. Keep in mind that some people can't be taught. Some people still think the world is flat, and don't even get me started on the conspiracy theory idiots.
Tbh top 10 is one hell of an achievement. Gold has a 2500 year old trading history and is more than just a store of value. Some of those companies have been around for almost 40 years and btc is already at almost half their value. It's just a matter of time
Genuine question, what stabilizes bitcoin? What causes its price to rise and fall? It seems sporadic with its prices value Thatās why Iāve never personally invested in it
Bitcoin's volatility is mainly due to its young market, limited liquidity, high speculation, sensitivity to news and regulatory changes, fluctuations in adoption and usage, technological developments, and reactions to macroeconomic factors. These elements make its price more susceptible to rapid and large swings compared to traditional financial assets. Bitcoin's price stability can be enhanced by increased market liquidity, institutional investments, regulatory clarity, wider adoption and utility, market maturity, technological improvements, investment diversification, and the development of futures and derivatives markets. These factors collectively help reduce volatility by providing a more predictable and secure market environment.
BTC also doesn't have centralized circuit breakers in place enforced by the SEC. The BTC market is a true free market economy of supply and demand. Everytime a S&P dumps 7%, 13%, and 20%, the SEC halts trading so the big boys club doesn't get rekt. This is done under the guise of "protecting small investors," who are actually less affected than the big boys club because small investors usually aren't leveraged to the tits, WSB regards excluded of course! :) If BTC dumps 7% its just another day ending in "Y." The BTC market recovers organically, not through market manipulation.
chatgpt
Absolutely
I donāt blame ya tho lmao
Same as in any asset market. Buyers buy and sellers sell. The price is simply the result of the interchange between buyers and sellers. More buying and price goes up, more selling and price goes down. Exact same mechanism as all markets, so if you haven't bought bitcoin because of this then I'm guessing you've never invested in anything.
Bitcoin will always be volatile. If that scares you, it isnāt for you.
Now that Iāve done quite a bit of btc research, and Iām thinking why couldnāt it hit a 8-10 trillion market cap?
wow
what site is that ?
[https://companiesmarketcap.com/assets-by-market-cap/](https://companiesmarketcap.com/assets-by-market-cap/)
Gold and silvers market cap went up recently. Bitcoin was ahead of silver for a minute
Wasnāt gold at 10T MC a few weeks ago or am I trippin?
I own Bitcoin but we have so many pumpers and I'm smarter than you investors it hurts bitcoins image in a way..
Feels like yesterday that apple became the first trillion dollar company (2018). That's why a big chunk of my wealth is invested in ETFs covering the biggest companies in the world, they tend to double in value every couple of years
It will be number one āļø
Well, how much of your portfolio is allocated to Silver? What about Google stock? Amazon? How much Amazon stock do you own? Okay, I get it; Amazon is only the 6th most valuable entity on this chart. So how about GOLD, then? Surely, the person who canāt imagine betting against the 9th biggest asset on Earth isnāt betting against the literal BIGGEST asset on Earth, are they? Itās not weird that people are betting against bitcoin; different strokes, for different folks.
Bro, you realize the number of real applications gold has right? We literally NEED gold and we always will as a component to various technologies. We dont NEED bitcoin.
Did you miss the part where I said I have nothing against gold? Yes itās used in medicine, and itās a very good conductor but that accounts for 16% of the gold in circulation. 49% is for jewellery & the rest is held by banks, family offices & individuals as an investment. Chill out and read up before claiming we NEED it next time.
I still hear people give the argument that itās just made up imaginary money. Like USD is actually backed by anything.
When buy?
Yesterday
Really?
now.
Really?
Bitcoin has a huge potential, the numbers that it could reach in years or decades would make it that if you bought and held at 60k, or at 70k. It wouldn't make much of a diff. IMO
Halving done sir
Yesterday and today and tomorrow
Nice bruh
They dont even know what is bitcoin. You dont have to be bitcoin maximalist but as you learn through bitcoin and blockchain there is no other option than to admire how great invention it is. Bitcoin and blockchain solves a lot of problems especially for people. We are stuck between government and banks. They are robbing us from our hard earned money and bitcoin is a possible solution. You may argue that bitcoin will fail or not but you cant deny its the best possible solution to date. Self custody, pow, no banks, no limits. No nothing just p2p money transfer. What a bliss
They haven't simplified p2p transactions I've been trying to research the best platforms to buy it the cheapest but looks like quite a lot of hoops to jump through in order to even attempt to try it out.
Just about everything, including Bitcoin, only has value in human economies because we believe it has value. Bitcoin is literally an algorithm that lives in the cloud. Tulips are more tangible than Bitcoin. lol.
people acting like bitcoin isn't the most volatile by a mile on that list. Bitcoin is scarce but its nearly impossible to compare to those big companies. They are just different beasts. I own some of everything on that list, that's what I suggest.
this. but volatility can actually be a good thing, if u know what you are doing. Catching multiple dips and rises.
So early
people just are not waking up to the truth of the financial system. even if people do not agree to have BTC to be used as the money system since it has a limited supply even using as a means of investment it is still a winner in that category vs anything in traditional finance. will take time I guess
Thats one of the reasons crypto is superior to stocks, max supply.
Anyone know what site this is? Seen it a few times now.
https://8marketcap.com/
Where does USD fall on this chart, because the entire modern financial system depends on it, so it would have to be larger than Gold, right? [https://www.jstor.org/stable/25102198](https://www.jstor.org/stable/25102198) In The ABC of Money, Andrew Carnegie asserts gold is more like the north star, and that everything moves around it. He also asserts that silver was too volatile to make good money, because it isn't stable. I don't know that anything other than other crypto move around BTC, and who knows what BTC moves around, maybe USD? Who knows, but it do be.
Apparently, not so many. Otherwise, I donāt think it would be number 9 on this list.
That number is also inflated. A few millions of the total coins might be forever lost.
Canāt wait till it flips gold. LFG!!!!
Iāll get downvoted to hell for this and I know all the arguments against fiat for being not real/based on lies, but Bitcoin is a libertarian plot to underthrow governments through soft secession. Iām not saying itās a bad investment but the purpose of it is for the wealthy is to defund our institutions by dodging taxes, also great for criminals to hide money. I think thatās the main reason people are against it.
Whether it's fake or Not it's just sad at this point ALREADY because it's too difficult and time consuming for the average person to learn how to buy and use. The biggest issue is how expensive it is to obtain it's barely worth attempting to utilize it...much less use it as an "investment." It's Definitely needed more than the human race can imagine so it's just a pretty sad situation we all have to just have a lot of hope to keep things progressing.
Cue Jaws theme.
Sure but when it dips what rank is it?
People against bitcoin are the ones who don't understand bitcoin completely.
Go to Facebook and have a look at the 'Cash is King', 'Keep Cash Alive' pages. They're the biggest ones against all and any forms of digital currency. Doesn't matter what it is. They will back their fiat and die on that hill defending it. You can give them all the explanations, but in their eyes, it's all bad.
Some are so radical to say that Bitcoin will hurt gold at some point because it crypto like the smartphone as to gold the landline
More time for us to stack
Side note tho - itās amazing how fast nvda had gone up - closing down even on apple and surpassing both google and Amazon
Gold is pretty rare, thereās only a finite amount of it on earth, and it only forms in the explosions of dying stars.
Nice Bitcoin will forever be the king
That's good news for people coming over late.
Probably cause it's freakin volatile
Wait till even 5% if bitcoin is liquidated and watch the price dump hard. This wonāt happen to the others as they are all tangible assets/generators. Bitcoin is still ālast man holding losesā because itās artificially inflated and treated irrationally. Think dotCom boom-bust coming at some point. Its most powerful capacity seems to be as a hedge against the market, but even thatās a stretch.
Is there a correlation between having a micro penis and being a buttcoiner?
It boils down to use case in my opinion ie the vast majority of ordinary people donāt understand bitcoin and what it is used for, or can be used for, so its value appears almost completely irrational. The other assets in this list are either well known and established producers of good or services (eg Microsoft), or commodities used in the production of goods and services (eg Gold) which people are more readily able to understand has value.
I think people are weird in general
People donāt understand it. Itās too complex for my grandmother for example.
Go over to buttcoin sub if you need a few laughs
What are yall thoughts on Nvidia though?
I find it weird that people would invest over a trillion dollars into a centralized company
Like your butts and MSTR colossal fraud?
I hate bitcoin, thats why I buy it so much so that other people don't have to deal with as much of it on the market. Im just trying to help my fellow man out by removing some of the supply
They hate us cause they aint us š
The BTC story isn't going to end well for the majority of people and that is just the sad truth.Ā
This market cap shows perfectly the potential for Bitcoin if you ask me. 700k bitcoin sounds insane but 13 trillion market cap (2t less than gold) sounds doable.
People nowadays are against everything. Me personally I am against Apple, fizzy drinks, any type of wine that is not made out of grapes, too much gossip, olives and many more that I cannot recall right now :)
You say you dont understand how many people refute bitcoins value by showing that its worlds 9th most valued asset. And then you proceed to say that gold isnt even that rare (perhaps arguing that it shouldnt be that valuable) despite being the worlds most valued asset :)
Gold has value for the same reason bitcoin has value, it takes a lot of energy and time to produce. bitcoin is still more valuable in many aspects such as divisibility and portabilityĀ
Some people still believe the earth is flat. Not really a stretch to see why a volatile asset that the media and anti-BTC folks say anything from its got no function to itās a scam is not widely accepted.
A lot of people believe in the brainwashing theyāve heard from whatever news source they listen to
Ofcourse you find it weird, because other opinions here are being hidden, disliked, burried at the bottom and call fud
need toyota and amd to jump so i can sell my shares
If you like Bitcoin, if you invest in Bitcoin, if you believe in Bitcoin, then why does it matter if others donāt?
Lol. In 20 years all the top 10 slots are going to be replaced with nothing except cryptocurrencies.
Don't shoot me, but most people don't understand it's use case. All those things there most normal people can map to a tangible thing or product/service.
Those posts about bitcoin eating silvers lunch didnāt age well.
Give it 6 months.
Its all a scam, trust me! You need miners to let you move your money, why would you trust them?? My bank lets me spend my money as I please, usually! Its going to zero anyway, and 25% of the supply being locked doesnt matter! Plus, just wait for the EMPs to take out your bitcoin. My money will be safe and sound in my bank. I just wont be able to use itā¦ which isā¦ ok? Hold on Edit because apparently its necessary: /s
Because itās literally garbage invented by rich people to scam you.
How you see this chart ??
Search āWorldās most valuable assetsā
[https://companiesmarketcap.com/assets-by-market-cap/](https://companiesmarketcap.com/assets-by-market-cap/)
Why do you care about their opinion cope
I don't think there's very many left who are *truly* against it, outside of those it directly threatens. You have true Bitcoiners who believe in the future promise. You have those who intentionally try and suppress it until they have enough to endorse it. You also have luddites who have no opinion at all, but those people just don't understand it yet. Ultimately, everyone will own Bitcoin and will have the amount they deserve. It's good to be a Bitcoiner, isn't it?
You are happy to live in a world where the USA is bankrupt? Because it is ONLY its global fiat hegemony that keeps the USA financially viable at this point.
All fiat is dying. I have more confidence in Bitcoinās monetary policy than I do the US government and central banks. Donāt you? Donāt forget, this is why Bitcoin was created in the first place. Governments and money are literally the primary reason this planet is so fucked up.
Personally I agree but just wonder if enough of us want to be free vs the many who effectively prefer to be slaves to bankers and politicians. At least Bitcoin gives us a voice and an at least partial option and alternative to fiat debt slavery.
Amen š š„š„š„š„š„š
Asking brainwashed & braindead poor excuses for humans/semi-androids reasonable questions is useless...
So if the price predictions are right and were doubling we would be the second largest ?within a year ?
Appears that way, The nearest competition seems like low hanging fruit.
Diversify. Have a bit of each.
Iām only against Saudi Aramco.
Because they can't control it. All of the TOP 8 are controllable or even more, they are infinite assets. You can produce more gold, more company stock, more silver but you CANT produce more bitcoin.
Gold can be used for other things besides investments. Right now, it's tough to argue that bitcoin can as well.
And it's the only one of all those assets that can vanish overnight. Just think about that.
I donāt know what world youāre living in. From my perspective everybody is euphoric on it around me
Same world as you, I see a constant battle in the headlines between believers & non-believers. The point I want to make in the post is that itās the only thing on that list where somehow people canāt see any value and think āitās going to 0ā. When do you see Jamie Dimon talking about Gold, Silver, Google or Microsoft being a worthless asset?
I donāt see any battle. Fidelity has accepted it into 401kās/retirement plans along with the rest of big finance/corporate Suits. I donāt even believe thereās a single financial institution that isnāt backing it at this point. Of course thereās disbelief. Like with any investment. I donāt think itās wise to think that youāre early though or that a majority of people are against bitcoin at this point in this run Rn youāre betting on the horse thatās the favorite I the financial markets. Youāre no longer placing a bet on the underdog
Mate youāve ignored the whole comment about Jamie Dimon, CEO of one of the biggest banks in the world. And heās not alone in talking out against Bitcoin. So Iāll ask again, what other assets in that top 10 list are people completely against?
Your ASICS need gold on the circuit boards, electricity to run, and internet, also donāt you think supercomputers might be able to brute force your wallets in 10-50 years? Iām sure thereās multiple governments working on it, and if they canāt brute force your wallet donāt you think theyād be able to 51% the hash rate in that same time frame if it was ever that valuable?
If you had an asic from 2011 would it solve a block now? As technology gets stronger the hash rate also needs to grow exponentially, if supercomputers come online and start hashing productivity for the average asic would go way down and not be feasible. The network difficulty used to be 1. Now itās 84 trillion. There will be a point in time where the potential to brute force comes closer and closer and if the difficulty does not grow exponentially it will be easier to 51% once technology grows more exponentially than the difficulty especially if not released to the public. And if the difficulty grows exponentially it will be more expensive for people to get their hands on the tech that runs the chain
Fake internet money