Quote from: Smartvirus on November 12, 2024, 10:14:00 PM

Quote from: legiteum on November 12, 2024, 10:03:34 PM

Quote from: Smartvirus on November 12, 2024, 09:41:03 PM

Trump is a business man and you could expect him to think that way on how to harness what he may, from Bitcoin.

Why use Bitcoin? Why not use his own coin because, this only serves promotional purposes and if we are calling Bitcoin a strong competitor for Trump’s coin, then we might as well be seeing Trump for a dumb President which it’s very difficult for me to agree on.

He paid in Bitcoin because they didn't take his crypto yet. It's only been around for about two months.

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By the way, there isn’t any coin out there that could outshine Bitcoin, none.

For 99% of investors in Bitcoin, the only thing they care about it is that the price goes up and they can sell it for more than they bought it. As president, Trump could reverse that with a single tweet, especially given how deeply in bed the crypto industry has gotten with Trump. While Trump remains president, Bitcoin's price will rise and fall based on what Trump says. If he says good things, as you and many others are expecting, then it will be just fine.

Quote from: BlackHatCoiner on November 12, 2024, 10:18:36 PM

I literally said they can either sell it 20 years later (or use it directly as currency), when there's need for money. You got the rest...

LOL, 20 years later. Oh boy. Are you actually writing that with a straight face? Cheesy

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In other words, you are begging the US government for handouts, like every other special interest that wants free money from US taxpayers.

How am I begging? I'm practically confronted with two options. Either choose to vote for Trump, or Kamala. Trump's program contains this strategic reserve plan, just as a thousand other plans. Would voting for Trump imply that I'm begging for "bitcoin handouts"?

We weren't talking about the election here--that's over, and there's no point. We're talking about lobbying the US government, now controlled by Trump, to buy lots of Bitcoin so the price goes up.

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3. When you base your investment on what the government will do, be prepared to live and die at the whim of politics.

It's not a matter of preference. For Bitcoin to survive, it must navigate the whims of politics; otherwise, there's no real purpose in having Bitcoin, if it can die by a government. Besides, sooner or later, governments will realize that it's a good vehicle to store value. It's not something you or I can do to stop this. It's just... economic reality.

Lots of products are doing just fine without government help. Do you see NVDA begging for government handouts? AAPL? The corner store where you buy your groceries?

For that matter, how did the Bitcoin get to over $1T in market cap without help from the US government?

On that note, it's worth pointing out the extreme greed here: Bitcoin advocates are not satisfied that Bitcoin is worth a trillion dollars: they need more--always more. So after millions of people have voluntarily bought into it, they fear demand might be leveling off, so they need to use the government to force people to buy it by making the government buy it.

By the way, just to give you an idea of how naive y'all are being in trying to get the US government to pump your Bitcoin, did you take a look at exactly who spent all of those millions in campaign contributions this election cycle in the "broader crypto world".

It was major holders of Bitcoin, right? People and companies who benefit from Bitcoin going up in price, right?

Wrong. It was brokers like Coinbase who profit from selling things to Bitcoin holders, and... mostly profit from currencies other than Bitcoin e.g. memecoins and other financial products.

It's like Goldman Sachs bought the US election and people think that means their 401K will increase in value. Time to grow up

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