Why are bitcoin maximalist so weird.

[Anonymous No.59482433]

I just got into crypto, seeing people hype up bitcoin so much is just weird to me. Looks like delusion sometimes.

[Anonymous No.59482441]

Have you ever considered that you're the one that doesn't get it, and the reason why BTC is a 2 trillion marketcap asset that has flipped silver is because there's something you're not understanding?

[Anonymous No.59482448]

they're just bagholders
even satoshi has praised monero on twitter, and other projects as well

[Anonymous No.59482454]

>>59482433
a lot of people just caught up in hype and have never done their own research. very obvious to see BTC will not last forever.

[Anonymous No.59482510]

>>59482441
This is why I remain bullish, the concept continues to be alien to the majority.

[Anonymous No.59482521]

>>59482448
Satoshi, or one of the dozens of fakes who pretend to be him?

[Anonymous No.59482528]

Most crypto enthusiasts are weird. I like crypto, but their weird ass community keeps me someone disconnected. Want an example? Check out the cryptocurrency subr*ddits. It's fucking weird. /biz/ has been somewhat more human.

[Anonymous No.59482542]

>>59482510
Yeah it completely blows my mind.
People will still be calling BTC a scam when it hits 1 million a coin simply because they are not educated whatsoever on the nature of money and currency

It's hilarious.

[Anonymous No.59482556]

>>59482542
it's tragic actually
we truly live in a society

[Anonymous No.59482619]

>>59482528
Yea I know, I've been using telegram for a while and every group thinks their coin will go to the moon, reddit is worse, twitter is eh but the bitcoin maxis are incredibly annoying.

The crypto community in general are not sd bad as trading 212 fourms though. Crypto people are stupidly optimistic while people on trading 212 are just pretty crappy, stupid optimism is better than telling people to buy failing stocks and then crawling back when people criticise you for it.

[Anonymous No.59482628]

>>59482441
>Have you ever considered that you're the one that doesn't get it,
The higher it goes the more delusional you have to be to carry on holding this is true for any cryptocurrency.
>Have you ever considered that you're the one that doesn't get it,
If you bought bitcoin at the peak back in 2021 you would have been better off holding the snp 500. The law of diminishing returns effect bitcoin even if you want to act as if the current price action is sustainable. Maybe it can reach 1 million a coin but the issue is will it compete with the snp 500.

[Anonymous No.59482650]

>>59482542
>People will still be calling BTC a scam when it hits 1
Problem is when will it hit a million a coin will it even be worth holding at the current growth rate. Btc already got outclassed by nvida over the past 5 years. Btc also has massive corrections. Like in general if you bought during the peak back in 2021, you would have been better off holding the snp 500. The risk and reward of bitcoin is too wack when it can crash 70% at any time but the growth rate is getting lower.

It is probably good for trading though if you like to guess when the top is.

[Anonymous No.59482663]

People make cults around things they think will grant them power.
Then it's a classic case of misplaced tribalism. Like sports.

[Anonymous No.59482666]

>>59482628
>>59482650
This is precisely what I mean.
You still don't get why BTC is so valuable, because you're still thinking that money is currency.

[Anonymous No.59482676]

>>59482666
It is only valuable to pump your bag anything else is a larp or a meme, would you still buy bitcoin if it dropped to 1k and never came back?

The meaning of btc, went from medium of exchange ot store of value to whatever pumps the price up. In this case the strategic bitcoin reserve.

[Anonymous No.59482696]

>>59482666
Digital gold is a retarded narrative

[Anonymous No.59482698]

>>59482676
Yeah the only thing I can tell you is to just buy BTC and hold it.

Study the difference between money and currency, study what happens to all societies that adopt fiat currency instead of using sound money, and study the fact that society adopts a new monetary system every 30-40 years because of the failures of fiat.

BTC is valuable for the same reason Gold is valuable - BTC is the hardest money we have ever encountered as the human race.

It will flip gold simply because the properties of BTC are much better than the properties of Gold. You are still thinking in terms of the US Dollar, when the US Dollar is not real money, it is currency.

[Anonymous No.59482711]

>>59482696
It is a copium narrative.
>>59482698
>It will flip gold
Problem is will it continue to have high growth potential. It really doesn't matter if you are better off buying the snp 500 then buying bitcoin at the tops. You can only hope other people buy into it and continue to buy into it to pump the price. It isn't a hard currency it dropped 10% after Powell spoke. It is a speculative asset.

[Anonymous No.59482746]

>>59482628
>If you bought bitcoin at the peak back in 2021

And if you put all your money in the s&p 500 in 2001, by 2010 you would have made absolutely no money. I too can cherry pick random data points, it doesn't tell you whether one asset is better than another, does it?

However, if instead of going all in at a single data point in 2021, you had dollar-cost-averaged bitcoin over the last 3 years, you would have beat s&p by about 500%.

[Anonymous No.59482750]

>>59482711
You are still not getting it, it's so funny.
Everyone will buy BTC at the price they deserve, it is said.

The United States dollar is not money.
The United States dollar is CURRENCY.
The United States dollar is literally being printed as we speak - your currency is being debased literally as we type.

Because currency loses value every single day, the wealthy constantly look for STORES OF VALUE - MONEY - to escape the debasement of their economic energy.

Gold, historically, has always been the soundest money because gold is transportable, durable, divisible, scarce, and fungible.
What has happened, and has happened with every society ever, is that the government replaces sound money (gold) with CURRENCY (the US dollar) and then prints it constantly and pays you in that currency - thus debasing it every single day.

BTC has flipped silver in marketcap and will flip gold because BTC is harder money than even gold itself -
BTC has all the properties of gold AND it CANNOT BE SEIZED from a person unless the person willingly gives it up. It is the only truly decentralized real store of value on the entire planet.

[Anonymous No.59482778]

>>59482750
>Because currency loses value every single day, the wealthy constantly look for STORES OF VALUE - MONEY
You are better off buying the snp 500 though.
>>59482746
>you had dollar-cost-averaged bitcoin
>last 3 years, you would have beat s&p by about 500%
No.

[Anonymous No.59482793]

>>59482433
Biggest problem with bitcoin imo it gets more risky and less worth it to hold as time goes on. If you put a lump sum and it goes to 70k-50k or lower you will be bag holding for too long unlike the snp500 or world stock etfs.

[Anonymous No.59482800]

>>59482778
I do hold VTI. Shares of businesses are a good deal.
However, BTC is a FAR, FAR better deal - because the properties of BTC exceed the properties of shares of businesses and Gold (the most valuable asset currently on the planet) by a light year.

My BTC has done much, much, much better than my VTI has since I first bought BTC in 2017.

BTC is absolutely going to hit $1,000,000 a coin, and it's obvious to anyone who understands the nature of currency and money.

[Anonymous No.59483240]

>>59482800
Is it better than investing in stocks ETF tho? Like a daily leveraged 2x Nasda-100

[Anonymous No.59483268]

>>59482433
Its a shitcoin cult, just like the others except bigger. BTC will probably appreciate in value but not for the reasons the cultists believe

[Anonymous No.59483536]

>>59482433
He's a CFA.

[Anonymous No.59483657]

>>59482521
Szabo

[Anonymous No.59483670]

>>59482800
What's your prediction on when BTC hits $ 1 million ?

[Anonymous No.59483827]

>>59482750
Then you get a concussion in a random car accident, and whoops, you lost your brain wallet!

[Anonymous No.59483842]

1) Price carries information, the core of money is economic signaling.

2) All trust based monies will be corrupted, minor corruptions grant great wealth to the corruptor encouraging further corruption, and will stay corrupted as those in control of money can now rig the tally board.

3) Corruption of money is negative sum. When you corrupt money you don't just "get wealth", you fuck up the signaling creating a far less productive & prosperous whole.

4) Wealth is Power. Money is a claim on resources, wealth grants control over resources. They are not "powerful & wealthy" they have the "power of wealth"

5) If you aren't holding BTC you are short BTC.

6) Corruptors of money will not see the value of fixing money as they benefit from its corruption.

7) BTC is perfect money, a trustless fixed unit of account. As Szabo notes, trusted third parties are a security hole too large to leave open in money. Using someone "real trustworthy" to guard money isn't a fix, the problem is the TTP, if you remove trust from money it can't be corrupted.

To understand money, we must understand why we trade: because voluntary exchange is positive sum. Money is therefore “that which facilitates trade” or more explicitly “that which facilitates positive sum gaming”, and in understanding this systemic function of money we understand the value of btc, as a trustless fixed unit can only be acquired through voluntary exchange, btc guarantees positive sum gaming in-the-limit. BTC therefore goes up because it is more useful to positive sum actors as sole denominator, BTC going up benefits all positive sum actors so encourages it's acquisition, creating a positive feedback loop that will drive BTC to sole denominator in-the-limit.

[Anonymous No.59483871]

>>59482628
>If you bought bitcoin at the peak back in 2021 you would have been better off holding the snp 500
If you’d all-in and made no further investments. Who cares? This is not a systemically useful act so cares little reward. Btc outperformed over that period if DCA into, a systemically useful act.
>>59482650
Btc will mirror global liquidity in-the-limit

[Anonymous No.59483873]

Lmao

[Anonymous No.59483949]

>>59483240
>>59482778
DCA into btc at the nov 21 top outperformed spy, qqq, qld, & tqqq. All without volatility decay or counterparty risk

[Anonymous No.59484817]

>>59482433
Bitcoin is a ponzi created by the CIA and hoisted up by jewish media. It's a subversion of what cryptography can be (freedom from the banking cartel) and on top of all of this it's over a decade old technology. PoW on a 2 dimensional blockchain is NOT the holy grail of using math applied to computer programing to create a currency (cryptocurrency)

it does, as the bots in this sub endlessly point out, have a massive first movers advantage. because of this, it could conceivably still go much higher for much longer. However the fact remains that it is antiquated tech. How long Tether funny money can prop it up is up to the cabal

[Anonymous No.59484826]

>>59482666
The use case of BTC is to trade it to generate fiat currency so you can purchase real estate

[Anonymous No.59484942]

>>59484817
What's your preferred PoW currency? I like Kaspa but it's made by a bunch of Israeli Jews, so I don't know how that fits into the Jewish media angle

[Anonymous No.59485004]

>>59482750
>wealthy constantly look for STORES OF VALUE - MONEY - to escape the debasement of their economic energy
sure. but more than storing money in gold they look for productive investments. look what happened in March 2020 - Bitcoin dumped. when Powell spoke - Bitcoin dumped. with a SoV thesis it should have pumped both times. it trades like a risky tech stock not like a store of value.
>>59483842
>unit of account
>BTC therefore goes up because it is more useful to positive sum actors as sole denominator
this is not happening. nothing except shitcoins is priced in sats. pop quiz: you have 5 seconds to tell me how many sats is a gallon of gas. there is no trade that is negotiated in BTC: it is simply too volatile for that. and once you eliminate volatility you eliminate gains.

[Anonymous No.59485535]

>>59483949
No it didnt
And it wont happen again as return keep with each cycle

[Anonymous No.59485572]

btc is a 0 utility shit coin.

[Anonymous No.59485593]

>>59485535
Keep diminishing*

[Anonymous No.59485596]

>>59482711
You don't get it. I am not even into crypto but I understand the properties bitcoin has. You literally do not understand anything about it and you think people are just speculating on hype. I can't tell if it's low IQ or if you're one of these r/buttcoin types who is ideologically shackled to central banking and the bullshit jewish economy.

[Anonymous No.59485600]

>>59482750
>BTC has flipped silver in marketcap
What an amazingly well executed psyop. Can't have people buying the single most strategic metal in existence which we manipulate to hell and back. Have them buy entries on a distributed database with 21 quadrillion units instead. Laughing my fucking ass off.

[Anonymous No.59485623]

>>59484826
Funny you say that. They did a study that showed most people that cash out of crypto take on bigger mortgages. I think it was Joseph Wang on Rebel Capitalist that mentioned it.

[Anonymous No.59485647]

>>59485600
>the single most strategic metal in existence
>silver
Lmao ok boomer

[Anonymous No.59485652]

>>59485596
>If you're anti-btc you must be pro USD/fiat
Putting your stupidity on display for all to see. You act like a lefty that thinks they understand the right when they actually have no clue, only a caricature of their perceived enemy. Most of the individuals on this site who are anti btc are smarter and better educated on money than you. It's not that they don't understand the 'greatness' of BTC that your superior brain see's. It's that they understand how shit BTC is as a currency, as an asset, and as money.

There's nothing unique about BTC. It can be recreated ad infinitum.
Theres nothing private about BTC. It's a surveillance states wet dream.
There's nothing convenient about BTC. It's slow. Wallets are easily lost and are ultimately impossible to recover.

Silver and Gold have a track record of millenia. XMR is the only crypto that's trusted for private exchange of actual goods. BTC is a meme that relies on hypemen and convincing others that it will make them rich. A ponzi.

[Anonymous No.59485660]

>>59483657
Szabo praised Monero in addition to Bitcoin, not instead of

[Anonymous No.59485681]

>>59485652
Are you ilplying you cannot lose gold ?

[Anonymous No.59485685]

>>59485652
The whole point of a decentralised blockchain is that it can be recreated. You can make another bitcoin and it will fail because its value is based on consensus and the cumulative work done to generate it. You don't think we're aware of junk like BCH and BSV?

Bitcoin L2s can be private, and whether a surveillance state can see transactions is far lesss important than their ability to censor transactions. It also means we can see how THEY use their bitcoin.

L2s aren't slow.

>Ponzi
The retard dogwhistle. Surprised it took you this long. It's actually less of a ponzi than any of gold, silver or XMR because it is the least centralised, by far. Everyone knows that precious metals are basically a cartel, and everyone knows that XMR tends towards centralisation due to its unmitigated bloat. That's why it has no future especially when transactions can be pretty effectively obfuscated via L2s or via coinjoin.

Now you might say that while it's impossible to prove a single transaction via coinjoin, it's still possible to see that someone used a coinjoin which could be perceived as suspicious. The same thing applies to XMR. If you are even suspected of using XMR - even if they can't see the transactions - they will use it against you in court.

[Anonymous No.59485698]

>>59485681
>Are you implying you cannot lose gold?
To effectively destroy gold takes much more effort than BTC. There have been caches of gold coins found in ancient pottery buried beneath the surface for thousands of years. Once BTC is lost, whether through a failed hard drive, an accidently destroyed physical key phrase,
memory loss, or death of the owner- it's effectively destroyed(unretrievable).

[Anonymous No.59485705]

>>59485685
>BCH and BSV
Those suck for the same reason.

>coinjoin
Name a single DNM that accepts it. I'll wait.

>If you are even suspected of using XMR - even if they can't see the transactions - they will use it against you in court.
Nice bullshit. Name a single incident.

[Anonymous No.59485801]

>>59485698
The exact same can be said of gold, dude

[Anonymous No.59485853]

>>59485801
>House burns down
The gold is retrievable.
>Family member dies
The gold is retrievable.
>Code to the safe is lost
The gold is retrievable.

How is this a difficult concept? Gold doesn't just dissappear like BTC does when it's mishandled.