Topic: [VIDEO] Bitcoin is like a token of Trump's bankrupt casino - page 2. (Read 476 times)
Bitcoin is a sure-fire lottery.The longer it takes, the bigger the jackpot.Bitcoin is not controlled by a government, which can print as much money as it wants.
Looks like another bitcoin hate video, so not going to watch it. Very highly likely made by someone who didn't invest when he had the chance to (or sold it for very cheap) and now regrets a lot that he started to make videos against bitcoin so that it might make him feel better. What do you mean by redeemable? By redeem if you mean exchange it for something else, then yes we can do that. By redeem if you mean it is not backed by something, then fiat currency also isn't redeemable. Anyway, stop spreading those shitty videos.
Although HODL is very difficult but those who do so earns good profit. So crypto theory is to hold your token and earn profit 
It is not actually difficult to hold. Well, I guess it is if you're totally relying your money on it. A holding investment should be kept for long and the money you pour into it is already expected not to be used for a long time.
I think that Bitcoin is not a losing lottery ticket as long as you are not a panic seller. If you are a panic seller, then most likely you are going to lose a lot of money in the period. Because you don't have a roadmap in bad situations in the market. So you will think that the selling is the best thing you can do to prevent a bigger loss. However, you will be in a greater loss technically in the long run.
https://youtu.be/p37Wg6h2PJ4
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.
I'm not trying to be rude or anything but very few people are going to watch a video when the review that we are getting out from you is very short and you don't really have any kind of compelling argument about why you think that bitcoin is like a losing lottery ticket, maybe if you actually gave a detailed review about the video people will be willing to watch it, but I really doubt that we are going to find any new argument about why bitcoin is bad and fiat currencies are good, we have heard everything already and we are still here. 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.
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When you buy bitcoin, you support decentralization, you support fairness, and that is why humanity needs to achieve a centralized monetary policy that could easily be manipulated more than crypto. Yes, we do have a government because we elected the people who would run our country, but as to how our wealth should be managed, it should not be guided by any law that would only kill the liberty of using our own money.
Decentralized money is a new concept and everyone in the government is finding ways to come up with laws so that they can have more control over the cryptocurrency market because they fear that their control over their people will be gone if everyone starts using decentralized money which will enable them to trade easily without any barriers. When you buy bitcoin, you support decentralization, you support fairness, and that is why humanity needs to achieve a centralized monetary policy that could easily be manipulated more than crypto. Yes, we do have a government because we elected the people who would run our country, but as to how our wealth should be managed, it should not be guided by any law that would only kill the liberty of using our own money.
Not sure about the analogy the video is making and i do not want to watch that stupidity either. @OP if you could summarize the thing it would be great.
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.
It is also possible for people who think Bitcoin is like a losing lottery ticket because they made the wrong decisions when entering and leaving the market.
Because I consider Bitcoin as the savior of the economy, especially in a pandemic situation like now. Bitcoin can also be a retirement plan if hold
in the long term, because the price of Bitcoin continues to rise and can generate large profits. Sometimes people don't study Bitcoin properly, and only
hear other people's opinions, so a lot of people get the wrong information about Bitcoin.
Bitcoin is a losing lottery ticket? There is no way that someone can say this unless Bitcoin really makes all people lose their money. There are so many people who have made a lot of profit in it or even got rich thanks to it. How can Bitcoin be a losing lottery ticket for everyone in this case? So I must say that I disagree with the opinion but respect it.
Although HODL is very difficult but those who do so earns good profit. So crypto theory is to hold your token and earn profit
In the world of a Fiat slave..... "Money" or "Wealth" has to have "Intrinsic" value and it has to be backed by some centralized and regulated entity, so they will NEVER see the benefit of Bitcoin, because they are the sheep of the world and they have to have some authority that needs to guide them.
A Lottery ticket is worthless the moment when the draw are done.... (if you won nothing) but a bitcoin can be used to give you a guaranteed profit, if you manage it correctly. (Buy Low & Sell High) ...... the only resemblance between the two..... it is a gamble, like buying shares or Stocks.
A Lottery ticket is worthless the moment when the draw are done.... (if you won nothing) but a bitcoin can be used to give you a guaranteed profit, if you manage it correctly. (Buy Low & Sell High) ...... the only resemblance between the two..... it is a gamble, like buying shares or Stocks.
When you buy bitcoin, you support decentralization, you support fairness, and that is why humanity needs to achieve a centralized monetary policy that could easily be manipulated more than crypto. Yes, we do have a government because we elected the people who would run our country, but as to how our wealth should be managed, it should not be guided by any law that would only kill the liberty of using our own money.
In the world of a Fiat slave..... "Money" or "Wealth" has to have "Intrinsic" value and it has to be backed by some centralized and regulated entity, so they will NEVER see the benefit of Bitcoin, because they are the sheep of the world and they have to have some authority that needs to guide them.
A Lottery ticket is worthless the moment when the draw are done.... (if you won nothing) but a bitcoin can be used to give you a guaranteed profit, if you manage it correctly. (Buy Low & Sell High) ...... the only resemblance between the two..... it is a gamble, like buying shares or Stocks.
A Lottery ticket is worthless the moment when the draw are done.... (if you won nothing) but a bitcoin can be used to give you a guaranteed profit, if you manage it correctly. (Buy Low & Sell High) ...... the only resemblance between the two..... it is a gamble, like buying shares or Stocks.
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.
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.
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.
https://youtu.be/p37Wg6h2PJ4
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.
Inflation is always been a problem but doesnt mean that Bitcoin would really be like a lottery ticket.We arent talking about chances on getting rich on here since we do talk about its use case 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.
which we cant really deny that it is something revolutionary since we could really have an option for us neither dealing with traditional fiat or something which is decentralize and anonymous.
We could make our own choice but doesnt mean that we could just simply abandon fiat because it is still really be the main thing which been used.
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.
Have you heard about companies getting bankrupted and their stocks going to zero, do you think those are redeemable. When you compare something you need to have some facts as if these traditional investments levitate above the rest 
.You can simply search on google about how many companies went down in the last ten years where investors lost billions. When it comes to BTCitcoin as long as you are holding the private key you are able to redeem the coins.
Regarding the last point. You are not able to redeem Bitcoin, but sell it. Only the issuer of an instrument can redeem it and then the instrument units cease to exist.
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.
Have you heard about companies getting bankrupted and their stocks going to zero, do you think those are redeemable. When you compare something you need to have some facts as if these traditional investments levitate above the rest .You can simply search on google about how many companies went down in the last ten years where investors lost billions. When it comes to BTCitcoin as long as you are holding the private key you are able to redeem the coins.
When you know what is the total supply of Bitcoin. How it will be halved after 4 years. How it will become more valuable with halving, adoption. You will realize that if you buy Bitcoin, you don't buy a lottery ticket. What you buy is a get-rich ticket.
2036: 99.6% of Bitcoin will be mined (reward era 8 ). 15 more years. Do you know Bitcoin already existed 12 years. Only 15 more years, total mined Bitcoin will be 99.6% of its total supply.
https://en.bitcoin.it/wiki/Controlled_supply
There's no such thing as mining Bitcoin. There's only software that stores numbers on a digital media via some protocol. Although, I don't know what that has to do with the topic at hand. 2036: 99.6% of Bitcoin will be mined (reward era 8 ). 15 more years. Do you know Bitcoin already existed 12 years. Only 15 more years, total mined Bitcoin will be 99.6% of its total supply.
https://en.bitcoin.it/wiki/Controlled_supply
When you know what is the total supply of Bitcoin. How it will be halved after 4 years. How it will become more valuable with halving, adoption. You will realize that if you buy Bitcoin, you don't buy a lottery ticket. What you buy is a get-rich ticket.
2036: 99.6% of Bitcoin will be mined (reward era 8 ). 15 more years. Do you know Bitcoin already existed 12 years. Only 15 more years, total mined Bitcoin will be 99.6% of its total supply.
https://en.bitcoin.it/wiki/Controlled_supply
2036: 99.6% of Bitcoin will be mined (reward era 8 ). 15 more years. Do you know Bitcoin already existed 12 years. Only 15 more years, total mined Bitcoin will be 99.6% of its total supply.
https://en.bitcoin.it/wiki/Controlled_supply
Thats a damn good lottery ticket then. If you bought it any time before April 2021, everyone won a decent amount of money. I don’t see such a good odds in any lottery.
But yes, we are listening the same FUD every few years and yet BTC is only climbing up.
And a losing one at that, imagine the winning one which doesn't exist to be honest. I give this person a 6 for originality with the FUD that he presented, no China or other generic FUD BS.But yes, we are listening the same FUD every few years and yet BTC is only climbing up.
Thats a damn good lottery ticket then. If you bought it any time before April 2021, everyone won a decent amount of money. I don’t see such a good odds in any lottery.
But yes, we are listening the same FUD every few years and yet BTC is only climbing up.
And a losing one at that, imagine the winning one which doesn't exist to be honest. I give this person a 6 for originality with the FUD that he presented, no China or other generic FUD BS. But yes, we are listening the same FUD every few years and yet BTC is only climbing up.
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