Other than the people in this thread that are here to bullshit about everything and anything, does anyone on this forum still support bitcoin? The top sections are all altcoin shit. Oh, and whatever happened to the great new forum they were making to replace this Simple Machines freeware crap?
Bounties (Altcoins) 7476553
Announcements (Altcoins) 7149603
Altcoin Discussion 3032532
Many of the more smarties of the form do not hang out in the various altcoin discussion sections.
There is plenty of bitcoin talk in this here particular thread, and even references, from time to time, to other threads in the forum that might have some good bitcoin-based discussions.
So, yeah, accordingly, we have had a pretty strong tendency in this here particular thread to say "fuck you" to attempts at alt coin discussions in this thread, and to frequently nip it in the budd when it happens, so I am having some difficulties understanding what problem, exactly, you are perceiving there to be with the forum, as long as you choose the forum threads in which you participate.
Of course, I will concede that in recent times this thread has a lot of corona virus discussions, but no one is pumping corona virus, so there are a large number of attempts to bring it back to bitcoin, from time to time, and even link the corona virus discussions to bitcoin.
Jay, I don’t understand why people can’t see, now more than ever, that bitcoin is the perfect replacement for every other type of money. These altcoin shitheads that have literally taken over our forum are deluding and polluting the concept of cryptocurrency. I remember how it all started, a bunch of spoiled children that wanted to be first and reap the benefits of early mining came up with these variants that do nothing but distract the public attention away from bitcoin. Bitcoin is the perfect pandemic money. You don’t have to meet face-to-face. You don’t have to hand something to someone. It’s more reliable than a ACH/EFT for long distance value transfer. It’s transparent, meaning that governments can’t hide what their spending the money on (like buying or refusing to buy respirators). The only reason I can see for continuing to allow altcoins to dominate this forum is if this forum is nothing but a for-profit entity. Speaking of “for profit” whatever happened to that new fucking expensive forum we were supposed to get?
Thus, again my fear is that WHEN IMHO, the stock market actually does dump out at 50% of the
2020 high of around 2/14/20...Bitcoin will follow. Not because that BTC is not a good value long term, but because people will crack at a 50% drop in the stock market
and the frigging country is going shut down dead for 3-4 months! People may WANT to buy cheap stocks and cheap BTC/Crypto but real-life issues like keeping and paying for
Grandma in the Nursing home will take priority. Thus, if it is so bad that the major Whale HODL'ers also start to bail out at that point. We are screwed.
I'd like to buy more BTC at these prices long term but I am dead broke with real-life issues likely for the next 3 months as well! A friend said the good thing is the rental property will be 50% cheaper and he could buy one each. Until I pointed out NO RENTERS the university is likely closed till FALL and who knows about enrollment
than would be enough to even find renters at that point and he likely will be laid off in less than a month! Tossing BTC/Crypto if it becomes a long term
speculative investment into rental properties on my part, also long term, if that becomes the case for both, well, I like my odds with BTC/Crypto better, so I'm not gonna do it.
So hopefully, and I mean, I really, really, hope....that BTC only also goes down to 1/2 value more or less....say $5k when sh*t hits the fan. These next 2 months or
so with halving are gonna determine if BTC/Crypto is a store of value, unlike stocks, once the bottom price of both is hit? Or that BTC/Crypto is just a nice normal long term speculative investment you can dump quickly in bad economic times to fill your emergency/catastrophic fund 24/7. Thus as a 'speculative asset' it indeed may
come back when the stock market hits ATH again, in what 7-12 years maybe?
The next 2 months will tell. I'd settle for a nice sideways uncoupled from stock market
panic approaching, IMHO, at whatever price! Also that the Whales have drunk enough kool-aid to not 'crack' under pressure to dump on top of the above, that would be 'catastrophic'! Damn, 'Black Swan Events' on top of the Halving!
No idea myself wtf is gonna happen...but IMHO it will happen in next 2 months. I'm HODL'ing!
I just hope others are as stubborn and will accept a worse case, long term recovery to boot a
Brad