/biz/ - Business & Finance

>>58019535
Very bullish
Keep buying when she buys in
Hold when she puts in her retirement savings
Sell when she starts using her credit cards/loans to buy more Bitcoin.

>>58019535
no it just begin
now that it's accepted in the mainstream your pop and mom will start to hear about it seriously and if they already heard it from you they'll ask you about it
for them it's almost impossible to grasp but you can explain them a few things like:
-it's the first and only time in humanity that we can create digital scarcity. bitcoin is special because it was created without a goal to give it value nor control it: once satoshi created it and released it, it was done, it's too late, even him can't control it anymore
-it's the first time in humanity that we have a truly limited resource. we never experienced it before in all humanity. if gold price triple within a year many gold mines will re open and the worldwide gold output will increase and price will likely stabilize. same goes with everything. but not bitcoin because no one can create more than scheduled. it will swallow everything
-bitcoin impact in the world is real and tangible. bitcoin value mostly represent the electricity cost of creating one
-it pushes humanity to find the best ways to use energy efficiently as if you can use any waste to mine bitcoin, you win

i like this article also https://www.onceinaspecies.com/p/the-crypto-catch-22-why-bitcoin-only

>>58019535
>your mom came over
to your room in her house?

>>58020901
holy reddit

i bet you also think bitcoin is anything but a glorified ponzi scheme

>>58019535
so if everyone is selling bitcoin where are they putting their money?

>>58019535
It's a special kind of cringe to have to listen to techno-clueless family members poorly paraphrase the watered-down inanities they've read in a magazine about bitcoin.
What's worse is you know you have to choose your words very carefully before responding, because they'll only remember the least relevant details you mention, and it'll somehow be your fault later.

>>58021038
>OP's mom: "oh honey, look at this pig sty! when are u gonna stop staring at bitcoin graphs on the computer and clean your room?"
>OP: "REEEE!! GTFO MOM!!
>OP: slams the door and makes this thread

>>58022177
>ponzi scheme
it can't be a scheme if it's 100% transparent

>>58022177
just prove me wrong
do it

>>58019535
>My mom came over to the house
she was actually at my house saying "imma slurp this dick like I slurp bitcoin"

>>58019535
I know boomers are supposed to be the counter-indicator but my 75yo mother who doesn't know how to minimize her browser told me to buy bitcoin when it was $2000 and to sell when it was $60,000 last cycle. I only sold around 10% to get her to shut up, but I would have multiplied my stack if I had listened kek.

>>58019535
my mom called me earlier this week and asked me what my bitcoin portfolio value was

yes, it's over

>>58019535
bobo tried to come in here with fud and instead made everyone bullish

>>58019535
That was the top LAST cycle and even then it was like 6-9 months before the price started going down.
I expect the top of this cycle to be the result of a massive form of adoption beyond what we are used to.
The Crypto.com stadium was pretty close to the top with it being OCT 20 but the announcement of the stadium being around Nov 17th which seemed to be the second top