@PeterSchiff@saylor What are the conditions that you will admit you’re wrong about bitcoin? If it hypothetically went to 500k over the next decade would that qualify? 1m over the next 25 years? Outperform the s&p for 50 years?
@PeterSchiff It’s just funny that a gold bug makes this argument. Replace bitcoin with gold and it’s just as valid. Productive use of gold is not 4000 per ounce
Seems like the lower the bitcoin price gets the more negative and bearish the timeline gets. Shouldn’t it be the opposite? Should we all be getting more and more optimistic as the upside keeps getting bigger?
@WereGoingViral1@DrProfitCrypto No I’m saying I don’t want to follow a perma bear. I’m hoping dr profit is a good follow in a bull market too. You sound like a great high quality individual. Keep it up 👏🏻
@Julian270998@DrProfitCrypto Who said I’m longing haha buying and holding. Acting like it’s not a decent time to buy bitcoin is crazy. Sure it might not be the very bottom but both perma bears and perma bulls are not worth taking advice from
@sminston_with Okay but this is just because of the massive early gains by bitcoin. What does it look like against nvidia or tesla? Early days of aapl?
@NoLimitGains I mean it has the potential to be Verizon + AT&T + META + AWS + anthropic. Space is unlimited. Zero competition. Now with a stupid amount of money it’ll probably monopolize mars too
Don’t buy Bitcoin.
It might crash to $55k, then climb all the way to $90k.
Then it will be called dead again as it crashes to $60k, before climbing to $100k.
And it will continue like this nonstop for the next 10 years.
It’s far too volatile to be taken seriously, let alone bought in meaningful amounts.
It doesn’t matter that institutions are piling in, that it has reached a $1–2T market cap, or that the US government has made it a reserve asset.
The media is clear and unanimous on :
Bitcoin is dead.
Bitcoin is volatile.
Stay away from that crap.
Go buy SanDisk, Nvidia, or the Nasdaq instead. Consensus is clear there. Great companies, performing great, solving real problems.
In fact, they are at all-time highs, which proves it is a good moment to buy, because everyone agrees they are great.
If you feel a bit braver, buy SpaceX.
It has huge growth potential and is already valued at $1.7T, making it the 8th most valuable company in the world.
Imagine how much value it will have delivered when it does another 10x from here.
If you are more risk-averse, go get a 30-year loan and buy a house.
This is the only way common people like you and me can access huge leverage, and leverage is how you make a lot of money.
It’s the safe way to wealth.
As a very smart friend once taught me: if you change your mind, you just sell it and get your money back.
It’s that easy. Nothing can go wrong.
I asked him about refinancing risk, and he said that never happens because real estate always goes up.
Don't buy Bitcoin. Buy everything else, but do yourself a favour, don't buy Bitcoin.
Leave that to me, @saylor, podcasters like @PunterJeff, deranged economists like @LynAldenContact, and a bunch of other psychopaths.
If the socialists had their way, Elon would have had his paypal profits taken and redistributed for the greater good.
The world would never have seen Tesla, nor SpaceX.
And the world wouldn't know it, because they were uncreated, and thus unseen.
Imagine the companies that don't exist, because Washington destroyed them before they were born.