Another Junius Maltby discussion where we once again take a look at BTC. Where is it going? Who trusts in the shadow currency? What will become of it and could it be near its end? Please…
Not understanding bitcoin and cryptocurrencies is a fair enough reason not
to own any. However, with that said I still find it somewhat myopic not to
see the potential. I like to compare bitcoin to electricity. When
electricity was first being discovered, harnessed, and utilized, it was a
fairly confusing concept, even dangerous. It required technical know-how, a
bit of effort, imagination, and some foresight. You couldn’t “see” it like
you could a candle or lantern, but today it is commonplace. I’m not saying
crypto will replace gold outright, but it is here to stay. If not bitcoin,
then whatever crypto comes next to improve upon and replace it. Also, the
claim that bitcoin can be stolen is no different than claiming a bank can
be robbed, or your house can be broken into/burn down (and your gold lost).
For the record I like gold AND cryptocurrencies. Both have strengths and
weaknesses, both have advantages and disadvantages. You can like both if
you want. It’s allowed. I wish more people didn’t feel the need to pick a
side, including people in the precious metal/stacking community which is
particularly disheartening. Stackers seem to look down their noses at
bitcoin the way the rest of the population looks down theirs at precious
metals and those who use them to preserve wealth. I’m not saying that’s
what you’re doing in this video, but I’m always confused by this tendency
from many stackers and wonder why they don’t see their own inconsistency.
Yup, I have stayed far away from Bitcoin because it just never made any
sense to me. I never saw the need for it when there are many other options
for transferring money and that was the big main reason why Bitcoin was
created. As a cheap way to transfer money with little to no fees. But it
is way to unstable to act in that capacity since the value changes so much
day to day.
jarret45 says
Not understanding bitcoin and cryptocurrencies is a fair enough reason not
to own any. However, with that said I still find it somewhat myopic not to
see the potential. I like to compare bitcoin to electricity. When
electricity was first being discovered, harnessed, and utilized, it was a
fairly confusing concept, even dangerous. It required technical know-how, a
bit of effort, imagination, and some foresight. You couldn’t “see” it like
you could a candle or lantern, but today it is commonplace. I’m not saying
crypto will replace gold outright, but it is here to stay. If not bitcoin,
then whatever crypto comes next to improve upon and replace it. Also, the
claim that bitcoin can be stolen is no different than claiming a bank can
be robbed, or your house can be broken into/burn down (and your gold lost).
For the record I like gold AND cryptocurrencies. Both have strengths and
weaknesses, both have advantages and disadvantages. You can like both if
you want. It’s allowed. I wish more people didn’t feel the need to pick a
side, including people in the precious metal/stacking community which is
particularly disheartening. Stackers seem to look down their noses at
bitcoin the way the rest of the population looks down theirs at precious
metals and those who use them to preserve wealth. I’m not saying that’s
what you’re doing in this video, but I’m always confused by this tendency
from many stackers and wonder why they don’t see their own inconsistency.
Silverino . says
BitCoin rest in peace
Junius Maltby says
Here you all go.
Junius Maltby says
Silver Turd says
Kitty wants some toilet paper, Haha!
Faisal Mirza says
Bitcoin = shit-coin
dk keaux says
Nice stack
dk keaux says
Always stack brass and lead before you stack gold and silver.
Junius Maltby says
Here is another discussion on #BTC #Bitcoin my friends.
Silver Slacker says
Yup, I have stayed far away from Bitcoin because it just never made any
sense to me. I never saw the need for it when there are many other options
for transferring money and that was the big main reason why Bitcoin was
created. As a cheap way to transfer money with little to no fees. But it
is way to unstable to act in that capacity since the value changes so much
day to day.