1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

Bushmaster69

Superstar
Joined
Nov 7, 2013
Messages
4,690
Reputation
1,247
Daps
19,536
So I know people have said BTC is a store of value but clearly its not. Its been dropping meanwhile gold and silver haven't:patrice:

:ufdup:


It is not true that Gold and Silver have not crashed.

Gold fell by almost 30% in 7 months in 2008.

uploads%2F1584623624163-image001.png


And silver fell by over 50% in 7 months 2008.

uploads%2F1584623656578-image002.png


Both Gold and Silver crashed in 1974-1976

uploads%2F1584623763631-image005.png


uploads%2F1584623777503-image006.png


They are great stores of value because over a long period of time 20+ years, they generally stay above inflation and preserve ones wealth.

Bitcoin cannot be anything other than a store of value now. It sure as hell isn't a medium of exchange in 2025 and onwards. It can only process 7 Transactions per second (TPS). And save your breath on the lightning network. It is a unrealiable second layer. You cannot run the world financial system on something so slow. This isn't just a matter of opinion.

Also, banks have been storing gold since after the 2008/2009 financial collapse, and especially since Gold has been classified as a tier 1 high quality liquid asset. Silver usually follows w/e gold does, but may decouple the more it is being used for its dual utility. Also, countries dont trust the US as a middle man currency anymore, and want to go backcto being gold backed.

I say all thsi to say, that is why you haven't seen gold and silver decline in price recently.
 
Last edited:

DrBanneker

Space is the Place
Joined
Jan 23, 2016
Messages
6,367
Reputation
5,332
Daps
23,003
Reppin
Figthing borg at Wolf 359
Bitcoin cannot be anything other than a store of value now. It sure as hell isn't a medium of exchange in 2025 and onwards.

Yeah this is very true. I had high hopes for Lightning that didn't pan out. Only real currency play in crypto is probably Monero since its privacy features make it the preferred currency of the Dark Net and drug dealers. LTC was once favored in illegal stuff too due to its speed but I think Monero has pushed it out.
 

Gloxina

Veteran
Joined
Mar 11, 2022
Messages
29,974
Reputation
12,488
Daps
105,109
I used to. They require kyc now, so :camby:


They are only good if you want access to a coin/token early.
Seeeeeeee! That freaked me out cuz they already had my info!?! I don’t want to finalize anything cuz that was a problem to me.

They have some ISOs I want but I don’t know if I want to go that route now.

It’s bad enough Coinbase has all my info so
I assume all the KYC platforms have it as well
lol


Which non-kyc platforms do you like?
 

Bushmaster69

Superstar
Joined
Nov 7, 2013
Messages
4,690
Reputation
1,247
Daps
19,536



Why This Matters — Especially “Just in Time for the Migration”​

SWIFT’s transition to ISO 20022 is a major structural shift. By early 2026, as much as 90% of SWIFT’s messaging traffic is expected to fully adopt ISO 20022 standards.

Against this backdrop, ILP’s formal inclusion in the ISO 20022 framework could dramatically boost Ripple’s relevance to banks making the transition. Rather than being a fringe blockchain play, Ripple may find itself more deeply embedded in the foundational rails of global finance.
 

Gloxina

Veteran
Joined
Mar 11, 2022
Messages
29,974
Reputation
12,488
Daps
105,109
G6XRheAXMAAN-HU


G6a6bN-XAAAAaN_


Where were those nikkas poking fun at those who invested because of the"Technologaaaay"

You won't be running jokes anymore come 2026 :ufdup:
I actually like my job now so I won’t quit like I said, but if things pop off like we expect I just want to be in a position to spend like 80% of my salary investing in crypto. Lol

This is exciting
 
Top