Quote from: Lambie Slayer on November 16, 2019, 03:47:05 PM

I am about 97 percent net worth invested in Bitcoin as we speak. When I say 97 percent I dont mean 97 percent of my currency is Bitcoin and 3 percent is USD, im referring to all investments. I have no home, no stocks, no T-notes, no bonds, no metals

Even if Bitcoin had some type of fundamentals - it doesnt, transaction validators are designed to centralize, has built-in, rent seeking middlemen, is non-fungible, and doesn't remove counterparty risk, so a permissioned ledger by default - and even if the price wasn't a giant manipulation fraud bubble originating from a single entity on Bitfinex, I don't give a flying fuck what 'asset' it is, there's no way in hell I would be all-in on something that's currently $8500 and was only $200 a couple years ago.

That's like being a retail sucker lining up to buy Peloton IPO for the scammers that originated it to get infinite profits and leave you holding the bag. This is why even if Bitcoin is a carefully crafted government scheme to try and fool retards into adopting a cashless society slavery system where everything they do is tracked in real-time like cattle instead of using physical metals, the simple fact that they pumped it from nothing to infinity in such a short timespan will make it so everyone will view it as a laughable pump and dump scam, an enormous risk, and refuse to touch it.