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Bitcoin up $30k in a month...
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SF100
Posted: 07 March 2025 19:07:45(UTC)
#1950

Joined: 08/02/2020(UTC)
Posts: 2,249
Neminem Laedit;336858 wrote:
SF100;336855 wrote:
Neminem Laedit;336850 wrote:

"It might make sense just to get some in case it catches on.” — Satoshi Nakamoto on Bitcoin in 2009
(will probably prove to be the greatest understatement in entire human history)


What I find funny is your lack of participation in the wider investing aspects of an investing forum


Once you've found the apex investment, what else do you need ?

I can't be arsed with endless threads of "I've got 2.9% of this, 4.3% of that, 5.3% of something else, etc. Am I doing this right? Please help..."

(and I do contribute quite a lot here about taxes, drawdown strategy and property, etc.)

Not citywire funds investment forum, yet here you are...
And there is only one drawdown strategy as far as you're concerned, jury is out on what level of contribution that is with your dogmatic stance on it.

Some threads are better than others, I'm sure you sought inane reassurance at one point, older folks often seem to forget about that
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SF100
Posted: 07 March 2025 19:15:24(UTC)
#1954

Joined: 08/02/2020(UTC)
Posts: 2,249
Neminem Laedit;336863 wrote:
The Day the World Changed...

"Bitcoin, the original cryptocurrency, is referred to as “digital gold” because of its scarcity and security, having never been hacked.
With a fixed supply of 21 million coins, there is a strategic advantage to being among the first nations to create a Strategic Bitcoin Reserve.
The United States currently holds a significant amount of bitcoin but has not maximized its strategic position as a unique store of value in the global financial system.
Premature sales of bitcoin have already cost U.S. taxpayers over $17 billion."

https://www.whitehouse.g...igital-asset-stockpile/

Trump has signalled what the global successor reserve currency to the dollar is going to be...

A man of his word there is no doubt...
The future's bright the future's orange...
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ANDREW FOSTER
Posted: 07 March 2025 20:22:57(UTC)
#1953

Joined: 23/07/2019(UTC)
Posts: 8,096

Thanks: 11334 times
Was thanked: 18192 time(s) in 5964 post(s)
Neminem Laedit;336863 wrote:
The Day the World Changed...

"Bitcoin, the original cryptocurrency, is referred to as “digital gold” because of its scarcity and security, having never been hacked.
With a fixed supply of 21 million coins, there is a strategic advantage to being among the first nations to create a Strategic Bitcoin Reserve.
The United States currently holds a significant amount of bitcoin but has not maximized its strategic position as a unique store of value in the global financial system.
Premature sales of bitcoin have already cost U.S. taxpayers over $17 billion."

https://www.whitehouse.g...igital-asset-stockpile/

Trump has signalled what the global successor reserve currency to the dollar is going to be...


Scarcity (there are more every day) has no effect of price. It doesn't make a magic bean any more useful or desirable at all. It's always been a ludicrous claim. Platinum is scarcer than gold, and yet....

"Never been hacked". LOL, unlike numerous exchanges ;-)

There will be a successor to the dollar though. It called the Yuan...

If Trump pours money into BTC he really will have lost his mind. Because he can't spend it until it's turned back into Dollars. And who has all the Dollars? (Clue: It ain't the Fed).

This could seriously undermine global faith in the Dollar for everyone that isnt a stooodant or a drug dealer.

Meanwhile, Russia, China, India and Iran build strategic reserves of....Gold. I know what my bet would be on when the shit hits the fan.


If Trump was serious, why doesn't he just set up BTC Mining...? Or is that too obvious?
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1 user thanked ANDREW FOSTER for this post.
Tim D on 08/03/2025(UTC)
Neminem Laedit
Posted: 07 March 2025 20:40:44(UTC)
#1956

Joined: 17/09/2018(UTC)
Posts: 1,471
China currently probably holds more BTC than the USA...

https://cointelegraph.co...es-united-states-assets

Bitcoin has a perfectly inelastic supply. No matter what the price, there will be no more Bitcoin mined any faster, other than to Satoshi's original schedule. Contrast with other assets where, if the price goes high enough, supply can be increased by mining previously "unprofitable" sources of supply...

The last few Bitcoins will take 100 years to mine. That point is less than 20 years away...
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Neminem Laedit
Posted: 07 March 2025 22:31:06(UTC)
#1955

Joined: 17/09/2018(UTC)
Posts: 1,471
SF100;336870 wrote:
Neminem Laedit;336863 wrote:
The Day the World Changed...

"Bitcoin, the original cryptocurrency, is referred to as “digital gold” because of its scarcity and security, having never been hacked.
With a fixed supply of 21 million coins, there is a strategic advantage to being among the first nations to create a Strategic Bitcoin Reserve.
The United States currently holds a significant amount of bitcoin but has not maximized its strategic position as a unique store of value in the global financial system.
Premature sales of bitcoin have already cost U.S. taxpayers over $17 billion."

https://www.whitehouse.g...igital-asset-stockpile/

Trump has signalled what the global successor reserve currency to the dollar is going to be...

A man of his word there is no doubt...
The future's bright the future's orange...


I'm reminded of probably the greatest film noir...

Meta Carson: For a man who appears to be clever, you can certainly act like an idiot.
Jeff Bailey: That's one way to be clever! Look like an idiot...

Out of the Past (1947)
https://www.youtube.com/watch?v=dn8EImlkRV8

Trump is in fact a genius...
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