How can you say this words if you think that bitcoin is just a fiction then you should educate your self try to do more research for more about bitcoin and never ever compare anything into liquid materials comparing bitcoin into Iphones? Bitcoin is per to per and it can be use anywhere and now can be use as payment method to those restaurant who uses it. How about those billionaires who already invested in bitcoin? They put their trust into bitcoin to make more profit then they should be faking it too? is that what you meant? People nowadays are luck on educational it is better to do your own research mate just sayin.
We invested in BTC back in 2016, while knew about it from even earlier. Thus believe me education about what is Bitcoin, it's tech side, economic side, investment side, and all others - is there
For the point about BTC can be used as a payment method - well I already wrote about that above. As for billionaires who recently invested: 1) have you actually checked their wallet personally to know it's true? 2) you registered in BitcoinTalk since 2016, thus I assume you do know from the history what usually happens soon afterwards such claims by such people / banks / funds / etc. are publicly made. And again, neither I, neither anyone us here is against Bitcoin or cryptocurrencies at all. Just check what is happening in the world, economy, society, how marketing works, and you eventually will notice the (possible) trends.To make it clear, even if you do own a lots bitcoin and you still don't know anything about this project in my on idea you own nothing. Because by owning a piece of named private key and saving it under carpet you won't be rich you should do your own research and know what is the bitcoin. Imagine someone who don't know difference between gold and metal owning 90k of gold what is the point if he doesn't know what is it and how to use it? Knowledge is wealth and power.
That's very deep and good point though.
But those lambo boys got their cars because they made profit from the buying BTC cheap, not because they bought BTC when it was 15,000 USD so they bought Lambo with BTC tags in order to brag. When I see people around me that are buying bitcoin, I see none of those that are buying it for a status symbol. They even hide how much they have.
People often buy iPhone with the money they don't have have in order to impress, but I don't know how would you brag with few thousands of dollars worth bitcoin, and who would even be impressed with that.
So no, I don't think that bitcoin is for the "fake rich".
People often buy iPhone with the money they don't have have in order to impress, but I don't know how would you brag with few thousands of dollars worth bitcoin, and who would even be impressed with that.
So no, I don't think that bitcoin is for the "fake rich".
Well of course they got the car cuz they sold their BTC. But eventually if BTC is really so-so-so good (from their perspective), why they didn't keep it till it reaches $1M/1BTC? Or they just played the "greater fool theory" pretty well at a time when it permitted?
For sure people won't buy BTC to show off that they have 1-2 BTC, but they will buy it because it will give them access to the status of "rich" as they believe (which could be just "fake rich"?). Just like in the daily life there's a phone (some old Nokia for poor (no offence for anyone) vs. latest Verty for super rich vs. latest iPhone for "fake rich"), there's a car (some old Ford model for poor vs. latest Bugatti / Rolls Royce for super rich vs. Tesla for "fake rich"), and there are assets (lottery tickets for poor vs. direct PE/VC/infrastructure investments for super rich vs. ...
) Still it's just thinking out loud - no claims here or assured statements, as some of the people here noted - value of wealth, and how you measure it - relative thing which will change with time and with each own individual preferences.