Topic: [VIDEO] Bitcoin is like a token of Trump's bankrupt casino (Read 488 times)
The token is trump's private token. Not to have a broad community, maybe just its casino community. Bitcoin is all over the world. Yes, I know bitcoin could go bankrupt in the future. But it's a very difficult one because bitcoin already has a very large community now and continues to grow every year. We all know that this investment is very profitable.
You stated that redemption is necessary for financial instruments. I showed that your statement is false. Can you provide a different reason for the importance of redemption?
I stated the fact that all traditional financial instruments are redeemable numbers and that bitcoins are just numbers. You showed nothing. You just said that redemption is not important. ...You are unable to show that redemption is important. Therefore, your video is invalid because it depends entirely on the non-existent importance of redemption.
Ah, the old shill poster are back again, with his bullshit arguments to discredit Bitcoin.
The question is this... Do you want a "token" or worthless piece of paper that are being printed by mostly corrupt governments, that can be redeemed and ultimately destroyed and replaced with the same toilet paper currency? (The Supply are being manipulated to control the value of the fiat currency, that are backed by debt)
or
Do you want a "token" that cannot be controlled by corrupt governments and a currency with a fixed supply that cannot be manipulated? Also a currency that can change hands, without being damaged by excessive use or tainted by fecal matter and viruses and bacteria or Stripper sweat and/or traces of drugs (Cocaine sniffing)
Fiat currencies are losing it's value gradually over time, due to the uncontrolled printing of money by corrupt governments. Examples : Zimbabwe / Yemen / Haiti / Angola / Libya / Yugoslavia / Hungary.............. some even suffered hyperinflation.
Watch the video. All your statements are refuted with it. The question is this... Do you want a "token" or worthless piece of paper that are being printed by mostly corrupt governments, that can be redeemed and ultimately destroyed and replaced with the same toilet paper currency? (The Supply are being manipulated to control the value of the fiat currency, that are backed by debt)
or
Do you want a "token" that cannot be controlled by corrupt governments and a currency with a fixed supply that cannot be manipulated? Also a currency that can change hands, without being damaged by excessive use or tainted by fecal matter and viruses and bacteria or Stripper sweat and/or traces of drugs (Cocaine sniffing)
Fiat currencies are losing it's value gradually over time, due to the uncontrolled printing of money by corrupt governments. Examples : Zimbabwe / Yemen / Haiti / Angola / Libya / Yugoslavia / Hungary.............. some even suffered hyperinflation.
You stated that redemption is necessary for financial instruments. I showed that your statement is false. Can you provide a different reason for the importance of redemption?
I stated the fact that all traditional financial instruments are redeemable numbers and that bitcoins are just numbers. You showed nothing. You just said that redemption is not important. ...You are unable to show that redemption is important. Therefore, your video is invalid because it depends entirely on the non-existent importance of redemption.
I have news for you. Dollars or your fiat currency are not taken out of circulation either when you spent them (although they can be manually destroyed, just as amounts of cryptocurrency can be "burned" including Bitcoins if devs wanted to do that).
You are right. The only time any kind of fiat is ever taken out of circulation is when the banks decide to replace them,,, to my understanding this is usually when they print new notes with new security, when they redominate or when they destroy bank notes that are too old/damaged. And this is always replaced, so circulation never goes down.
In fact, saving dollars in fiat in bank account causes new money to be printed as they always want money to be circulating in the economy. Hence when you save $100 in a bank, and the bank has $100 in credit, it loans out $100 to someone else. That borrower withdraws $100, your $100 still sits in the bank, but the bank orders $100 more new notes to be printed to give to the borrower.
This is fiat in a nutshell. $100 becomes $200 like magic.
Ah, the old shill poster are back again, with his bullshit arguments to discredit Bitcoin.
The question is this... Do you want a "token" or worthless piece of paper that are being printed by mostly corrupt governments, that can be redeemed and ultimately destroyed and replaced with the same toilet paper currency? (The Supply are being manipulated to control the value of the fiat currency, that are backed by debt)
or
Do you want a "token" that cannot be controlled by corrupt governments and a currency with a fixed supply that cannot be manipulated? Also a currency that can change hands, without being damaged by excessive use or tainted by fecal matter and viruses and bacteria or Stripper sweat and/or traces of drugs (Cocaine sniffing)
Fiat currencies are losing it's value gradually over time, due to the uncontrolled printing of money by corrupt governments. Examples : Zimbabwe / Yemen / Haiti / Angola / Libya / Yugoslavia / Hungary.............. some even suffered hyperinflation.
The question is this... Do you want a "token" or worthless piece of paper that are being printed by mostly corrupt governments, that can be redeemed and ultimately destroyed and replaced with the same toilet paper currency? (The Supply are being manipulated to control the value of the fiat currency, that are backed by debt)
or
Do you want a "token" that cannot be controlled by corrupt governments and a currency with a fixed supply that cannot be manipulated? Also a currency that can change hands, without being damaged by excessive use or tainted by fecal matter and viruses and bacteria or Stripper sweat and/or traces of drugs (Cocaine sniffing)
Fiat currencies are losing it's value gradually over time, due to the uncontrolled printing of money by corrupt governments. Examples : Zimbabwe / Yemen / Haiti / Angola / Libya / Yugoslavia / Hungary.............. some even suffered hyperinflation.
You have yet to explain why it is important for an issuer to issue something and then redeem it.
Because that's the reason financial instruments exist in the first place.Bitcoins are redeemable. I just redeemed some bitcoins for plane tickets.
That's trading not redeeming. The later is when the issuer of an instrument withdraws it out of circulation and pay redemption value in the process. Watch the video. I have news for you. Dollars or your
You have yet to explain why it is important for an issuer to issue something and then redeem it.
Because that's the reason financial instruments exist in the first place.
Bitcoins are redeemable. I just redeemed some bitcoins for plane tickets.
That's trading not redeeming. The later is when the issuer of an instrument withdraws it out of circulation and pay redemption value in the process. Watch the video. I have news for you. Dollars or your
Redeeming is when an instrument issuer converts instrument units to cash and in that way withdraws these units from market circulation.
You have yet to explain why it is important for an issuer to issue something and then redeem it.That means that the ability to issue and redeem is not important because financial instruments can be based on Bitcoin.
Redeeming is when an instrument issuer converts instrument units to cash and in that way withdraws these units from market circulation.
You have yet to explain why it is important for an issuer to issue something and then redeem it.That means that the ability to issue and redeem is not important because financial instruments can be based on Bitcoin.
Redeeming is when an instrument issuer converts instrument units to cash and in that way withdraws these units from market circulation.
You have yet to explain why it is important for an issuer to issue something and then redeem it.
Redeeming is when an instrument issuer converts instrument units to cash and in that way withdraws these units from market circulation.
You have yet to explain why it is important for an issuer to issue something and then redeem it.
Personally, I think whoever created that video is confused. Fiat is redeemable and Same thing applies to Bitcoin. If Bitcoin is not redeemable then there wouldn’t be a way for you to withdraw it or convert it to cash. There are lots of exchange is such as binance.com or paxful.com that will allow you to redeem any crypto currency online eitherfor gift cards, cash,or another cryptocurrency.
So, saying that Bitcoin is not redeemable is completely wrong, people who don’t like it are ready to say anything just to bring it down. It is up to you to stop listening to them and do your own research and understand the fundamentals of cryptocurrency. Because if you keep listening to people, you will be misled and you continue to miss opportunities.Another thing you have to know is that no one is forcing you to make use of it, it is up to you and it’s a choice you have to make for yourself.
You are one of many people here that fail to differentiate between trading and redeeming. Trading is when a market participant converts instrument units to cash. Redeeming is when an instrument issuer converts instrument units to cash and in that way withdraws these units from market circulation. If you exchange cash for a bond you didn't redeem the bond, but buy it. Only the issuer can redeem an instrument. So, saying that Bitcoin is not redeemable is completely wrong, people who don’t like it are ready to say anything just to bring it down. It is up to you to stop listening to them and do your own research and understand the fundamentals of cryptocurrency. Because if you keep listening to people, you will be misled and you continue to miss opportunities.Another thing you have to know is that no one is forcing you to make use of it, it is up to you and it’s a choice you have to make for yourself.
Personally, I think whoever created that video is confused. Fiat is redeemable and Same thing applies to Bitcoin. If Bitcoin is not redeemable then there wouldn’t be a way for you to withdraw it or convert it to cash. There are lots of exchange is such as binance.com or paxful.com that will allow you to redeem any crypto currency online eitherfor gift cards, cash,or another cryptocurrency.
So, saying that Bitcoin is not redeemable is completely wrong, people who don’t like it are ready to say anything just to bring it down. It is up to you to stop listening to them and do your own research and understand the fundamentals of cryptocurrency. Because if you keep listening to people, you will be misled and you continue to miss opportunities.Another thing you have to know is that no one is forcing you to make use of it, it is up to you and it’s a choice you have to make for yourself.
So, saying that Bitcoin is not redeemable is completely wrong, people who don’t like it are ready to say anything just to bring it down. It is up to you to stop listening to them and do your own research and understand the fundamentals of cryptocurrency. Because if you keep listening to people, you will be misled and you continue to miss opportunities.Another thing you have to know is that no one is forcing you to make use of it, it is up to you and it’s a choice you have to make for yourself.
Your definition of Bitcoin is peculiar to you alone, Bitcoin to me is not a losing ticket unless jump in and out of Bitcoin at the wrong timing, bitcoin is a store of value, and with the right application of knowledge and good timing, Bitcoin will be a lifesaver and a means to financial independence. I will suggest you work on your perspective, and you will begin to see Bitcoin global economic advantage.
I haven't defined bitcoin, just compared it. The same as a losing lottery ticket bitcoins are numbers on a media, that are not redeemable by the issuer. So it's not about how much money someone made by trading it. It's about how silly is to even consider trading it. https://youtu.be/52DuIE1-tJY
The linked video explains the difference between traditional financial instruments and bitcoin. Traditional are redeemable, while bitcoin is not. Which makes bitcoin equivalent to a losing lottery ticket. Or, similar to a stock of a bankrupt company, a currency of a former county or a casino token of a bankrupt casino.
The linked video explains the difference between traditional financial instruments and bitcoin. Traditional are redeemable, while bitcoin is not. Which makes bitcoin equivalent to a losing lottery ticket. Or, similar to a stock of a bankrupt company, a currency of a former county or a casino token of a bankrupt casino.
Hundreds of thousands of people that won the bitcoin lottery disagree with you. I agree that bitcoin is a lottery ticket but I am not sure if it is the losing lottery ticket, yet. It is simply because it is still going up. If one day btc becomes near worthless, then I would say you were right, but not now.
If you turned your 100 bucks into 200, that's a win no matter how you look at it. It doesn't matter if it was bitcoin, stocks or pet rocks that did it, it was a winning ticket.
Exactly. Even if you view Bitcoin as a ponzi scheme of some sort, or pure gambling - you're taking a damn good gamble because Bitcoin does not have a built in inflationary mechanism put in place. All the centralized banks control inflation rates, and target it at 2 percent.
Does Bitcoin guarantee you'll lose 2 percent of its value year over year? Nope. I'd rather take my chances with BTC over fiat.
Your comparison is just off, I should say. If bitcoin is like a lottery ticket to which a lot already bet on, the people have already defeated the house and won against the lottery. If bitcoin is a lottery ticket, it is damn hell of a rigged one--in favor of the people at that, and I'd bet my cash there in a heartbeat.
Also, stocks of a bankrupt company? Who would, in their sane mind, even want to acquire stocks of a bankrupt company anyway? If your definition of bankrupt is hundreds of billions of $ in market capitalization, then you have a few screws loose in your head.
Read the OP. It's like a losing lottery ticket because both are numbers on a media, but not redeemable by the issuer. A stock of a bankrupt company is also not redeemable by the issuer. Also, stocks of a bankrupt company? Who would, in their sane mind, even want to acquire stocks of a bankrupt company anyway? If your definition of bankrupt is hundreds of billions of $ in market capitalization, then you have a few screws loose in your head.
I can convert btc to fiat so I think bitcoin and other cryptocurrencies are redeemable. I usually use TRX to buy game items and there is no problem with it. Even El Salvador start to adopt bitcoin. I get a lot of profit from holding bitcoin and then I bought a car using that profit. I can convert my BTC to Gold if I want. But of course for me it will not be a profitable investment anymore. I bought bitcoin and I am not pretend it as a gambling, I did observation, calculation and etc before investing.
Jump to: