Quote from: Snowshow on May 29, 2022, 03:53:39 PM

Quote from: Stalker22 on May 29, 2022, 02:42:07 PM

Quote from: Snowshow on May 29, 2022, 12:59:46 PM

Quote from: Stalker22 on May 29, 2022, 11:49:57 AM

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You do preach. And you do have to preach. Simply because you have to return your investment.

You claim I preach Bitcoin here? On a bitcoin-related forum? Is that what you say?
That sounds kind of absurd, don't you think?

Quote from: Snowshow on May 29, 2022, 12:59:46 PM

When you say anything positive about bitcoin you're preaching.
~

Does this apply to me only, or to anyone who disagrees with your position? I thought we had a healthy debate, but you seem to be overly emotional now. I am gonna let you cool off for a while so we can continue the discussion when you are feeling less emotional.

I have no position. I'm simply saying that you're promoting a worthless certificates as something valuable because you need to dump them at the price higher than you paid for them. All bitcoin holders do that. I am also showing you're promoting lies.

Can you now answer the questions above?

If a member here:

1) describes bitcoin's already existing price performance, then that would largely be an attempt to accurately describe history (or at least I would hope that the description would be attempted be accurate).

or

2) attempts to describe where the BTC price is at, and where s/he expects the BTC price to go that is an attempt to predict the future which should be based on probabilities rather than anything that is certain - even though some factual outcomes are more probable than other outcomes.

Neither of those are lies if they either do not represent facts and attempt to fairly represent probabilities.

Bitcoin continues to serve as one of the best and greatest asymmetrical bets to the upside because it is widely available to vast swaths of society and there are still quite good odds for BTC price performance to play out positively both in terms of multiples of times current value/price and magnitudes of times current value/price.

Of course, we should be able to recognize and appreciate that on the shorter time horizons such as months to a few years, bitcoin's price has fluctuated quite greatly; however, historically it also appears that the longer that anyone has been in bitcoin, any investment that they have made has been able to compound upon itself so long at any investment strategy errored upon attempting to stay invested (aka HODL) and perhaps to continue to accumulate BTC.

Even though quite a bit of fear mongering continues to exist in the world, there is no real strong evidence showing that bitcoin's future is not likely to continue to be positive in ways similar to its history - even if the degree of the price/value increases are probably not going to be as exponential as they had been historically, merely because bitcoin's market cap is higher.. so a current market cap of $600 billion-ish might have a maxing out value around $1 quadrillion (which would be ONLY around 1,666x more upside).. and it could take a hell of a long time to get from here to there.. perhaps more than 100 years..

So we could have a lot of UPs and DOWNs along the way.. and not even guaranteeing that any 4-year period will be profitable - even though historically, so far, BTC prices have always been profitable on any 4-year timeline, but even though bitcoin is likely to continue to go up, there could be some periods of time that last 4 years or more in which the BTC price has not gone to new ATHs during that timeline.

We cannot ignore downside scenarios of bitcoin even going to zero or somewhere close to zero, but the Lindy effect does establish more and more confidence that the longer that bitcoin exists (tick tock next block every 10 minutes not failing) the more likely it is going to continue to exist and continue to build and to continue to serve as a powerful force, and bitcoin seems to already be there, including quite strong ongoing likelihoods of continuing to grow rather than shrinking in value... especially if we zoom out and consider timelines that are at least 4-10 years or more into the future.

Quote from: Snowshow on May 29, 2022, 06:04:56 PM

Quote from: Anonylz on May 29, 2022, 04:20:49 PM

Quote from: Snowshow on May 29, 2022, 08:22:34 AM

Yes, that's the story you must preach because you're not able to return your investment from the system whose certificates you hold. You need new investors and you must trick them to buy your worthless certificates by talking about decentralization, empowerment, how your certificates will save the humanity, make poor people rich, how they are equivalent to Jesus, and so on. I understand what you're doing. It's just that people don't buy this nonsense anymore.

If people don't buy the nonsense anymore then why are you here trying so hard to prove a point? I believe people have the right and freedom to do as they please. You are too emotionally involved in this your campaign against btc and trying to make it look bad even though btc is not your enemy.
There is nothing you can do or say to change the revolution, you can either be a part of history or stand aside and watch as it unfolds, year after year. Wink

Yeah, that's what I'm talking about. Revolution. That's the story. When you invest in a system and that system is void of anything, which makes it impossible for you to return your investment back, you are left with language, rhetoric, stories, narrative. You need to fantasize about revolution and present the system to the public in that way. You have to dump the worthless certificates of that system. You just proved my point nicely.

You may be correct Snowshow, that revolution might not be an exactly accurate word choice; however it seems to me that we are in the early stages of what seems to the largest transfer of wealth in the history of man, facilitated by bitcoin. There likely will be some violence along the way, but there does not have to be violence along the way... The defenders of the status quo powers that be, financial institutions and governments who believe that they might be able to stifle bitcoin through violence may well end up deploying some of those kinds of resources and tactics - but it can become difficult to war against bitcoin in terms of traditional mechanisms and could merely end up causing a lot of folks to just be more secretive with their BTC holdings - especially if they believe that they might end up getting targeted by no coiners and low coiners who failed/refused to prepare for the ongoing wealth transfer that is taking place under their noses.. when it seems that they can join in on the bitcoin system at any time that they want, but instead some of them will continue to believe that they can defend their wealth through traditional coercive means, such as violence. None of us can really know how long the wealth transfer is going to take or to know how quickly some of the no coiners and low coiners are going to jump on board and show that they were precoiners all along... some of them are likely to be so stubborn that they are going to die as no coiners/low coiners, so if they have wealth that is transferred to their heirs, the heirs can choose not to suffer in the same kinds of negative ways as their stubborn predecessors.

So on an individual level, many folks should realize that they are best off to jump on the bitcoin train sooner rather than later.. but the choice remains in their hands because bitcoin is not coercive in traditional senses... .but only provides incentive mechanisms for people to join.. such as NGU technology.