Over70irregs
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☄️Bitcoin Strategic Reserve 📙 The beginning(3-7-25)
- Thread starter Over70irregs
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Might get you to vote Republican?
Over70irregs
Well-Known Member
I agree. It’s not for governments. It’s for the people. The governments in their current form are doomed…..(keep watching)
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It's for some people. At current Bitcoin price and a, what is it, a 21 million "coin" limit, how are average people going to buy into it in substantial amounts? I know it's broken up into smaller units, but how is there going to be enough for everyone to use as currency? It's worldwide, not just the U.S.
Over70irregs
Well-Known Member
I’m usually agnostic. Whatever gives me the most freedom. We have served selfish parties enough. No more..
Over70irregs
Well-Known Member
There is 2.1 Quadrillion units. Ignore prices based on money spoken into existence. Its store of value, currency, heating, freedom, education, etc.
Isn't Bitcoin "spoken" into existence?
Over70irregs
Well-Known Member
Can't live in a Bitcoin, can't grow crops on it, drill for oil, mine the silver needed in the electronics we want and need. So guess what? Bitcoin won't take away the human desire to possess what those.people over there have.
Over70irregs
Well-Known Member
Can’t live in oil barrel but a barrel can grow crops. For first time in human history you have an option not to die for god given resources that can be dug out the ground . Here is an example: Slavery would have not been such a push if people were able to conserve their energy.
All the things that chart shows as wealth that could instead be channeled into Bitcoin won't stop the need for those things. It's the need for those things that drives countries into war to obtain them. Every cent of wealth in the world can be put into Bitcoin and people will still want to possess resources. Will still want tangible wealth. Bitcoin isn't a panacea.
Over70irregs
Well-Known Member
First panacea that WILL absorb market cap energy. Sadly there are only five words that sum up human civilization. That-Yours-Now-Its-Mine. The incentive to die for land you NEVER own like in Ukraine would be diminished. Also the need to take land would lessen. We are moving to full digitization people. It’s gradual. Think low time preference.
Yah, you'll own nothing and you'll be happy.
Over70irregs
Well-Known Member
Gen info:
You are looking at a slow bleed of $ and assets. When it moves it will be disheartening to the uninformed.
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No doubt people have made money, but what about the people.who bought at say $65k and watched it tumble down to about $17k? And they panicked and sold at $30k? It's too volatile imo to be a store of value. Purely a speculation play.
Over70irregs
Well-Known Member
Well we have an SBR now for what it’s worth. At 17 they would have 3x of their 65. Just recently was at ~108….. Need to lock in… seriously. One method is to go 3/3/3. Stack-no touch/checking-spend/speculation. Best thing you are free to do as you please. Do you
I'm 63, have no desire to risk anything. But if you can make it work then more power to you.
Over70irregs
Well-Known Member
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