Quote from: Findingnemo on December 16, 2020, 05:37:11 PM

Bitcoin millionaire can liquidate all of their money and can spend it whereas the stock investor can't really do that because meanwhile doing the prices will actually going to fell down which is also possible in bitcoin but more likely to happen when a billionaire by stock market investor is doing it.

Bitcoin is actual currency and also can be considered as an asset which is more convenient to use so its actually going to be a part of every billionaire's portfolio in the near future.

Who said that with liquidating BTC position prices won't fall down?

Quote from: hatshepsut93 on December 16, 2020, 07:53:20 PM

The social phenomenon of poor people pretending to be rich is way too rare to have any influence on other things, like Bitcoin. What you're asking is if Bitcoin is a status symbol, and it's obviously not - you can own even tiny pieces worth less than $1. You can't show it off, if you'd tried to post a Bitcoin signed message on social media, no one would understand what it means.

I think the phenomenon is quite global though. While you think it might be happening with TikTok-ers only in the specific country, it takes place in USA, EU, Asia, Russia... Don't have enough knowledge to comment about Latin America or Africa, but I would assume it should be same. And this trend is way too fundamental not to influence other things. And my comment about "fake rich" is not about showing off with your public key, but rather about this particular asset being trendy and very well positioned to be inline with the overall trend so that it could give a hope to those "wanna be rich" that they can avoid savings, FX, bonds, stocks, etc., and there's such an easy and quick way to move in their social status via this particular tool.

Quote from: hatshepsut93 on December 16, 2020, 07:53:20 PM

Who cares about post-apocalyptic scenarios, if they would actually happen, 99% of us will be instantly dead.

True, but that's a good baseline of what is really fundamental and will be left once extreme-case scenario takes place.

Quote from: bitbollo on December 16, 2020, 08:02:09 PM

as just another value asset bitcoin has a market and people ready to buy and sell.
I don't think any asset would be needed in a post-apocalyptic scenarios...did you prefer to own a Picasso painting or a farm? covid19 has been already a sort of day 0, something very hard that has changed our life. bitcoin has showed a strong resilience, touching also a new ATH Wink

Of course would prefer to own a farm rather than Picasso or Bitcoin... and farm itself is an asset, isn't it? I believe ATH isn't the best indicator of something's resilience, as tulps, Lehman, LTCM, and many other things had ATH at some point in time too.

Quote from: michellee on Today at 04:51:28 AM

Hahaha
Done to screenshot and save the link Grin

You can tell us when your exchange hits $1M daily trading volume Grin

That will be challenging to hits that, but I am sure you can do that if you can attract so many traders to trade on your exchange.

We already got approximately $40-50k daily, which is a good start given that we launched just recently, so we are on the way Wink

Don't lose this link! And thank you for your trust - we are also confident that in 2021 fairly quickly we should reach the goal! You can help us too

Quote from: michellee on Today at 04:51:28 AM

I will be happy too if I can profit from bitcoin, especially when the bitcoin price can break $21k. I am waiting for this moment to sell some bitcoin I have, and I am making some profit. I treat bitcoin as an investment and income source, so I will try to make as much profit as possible.

Given the today price development you already did profit a great deal from BTC! So congratulations on that! But you could profit even more if you would be using our Tranched Value Securities with less risk Wink

Quote from: acener on Today at 10:34:07 AM

I also believe that some of those people really used Bitcoin or crypto as their asset,
But do we need to care about how they want to spend their money?
They earned it on their own so they have the right to buy what they want unless you are envious about their achievement or what they have.

I think fair point. Yet, the discussion and question were not about that.

Quote from: Mauser on Today at 11:12:50 AM

With the Bitcoin price above 22,000 USD, I wouldn't call that "fake rich" anymore. With those kind of price levels you are actually rich by holding some coins. Nothing wrong with that. I wouldn't care about anyone looking down on me if I made it big with cryptos. Unfortunately it's still a long way to go for me.

Even when price reaches $100,000 / BTC or $1M - it won't change the fundamental things that me and other members have mentioned.