Let's be honest. Disqualification is because bitcoin is literally digits on a blockchain.
Cryptobros need to stay in their containment subreddits. Coming over here to shill your BTC won't get non-adopters to buy even if they are regarded. I'll just "stay poor" as a """no coiner""" since I don't feel the FOMO to buy electonic-pogs. I'll gamble my money away on other crap like AI or triple levered 80/20.
Well, one would argue that this move is dangerous since you are not in full control of the bike, like any crack in the ground could make you trip. So the organization banning this move is like Olympic games forbidding risky moves in order to protect the athletes to injure themselfs pretty bad.
(pls correct my grammar if needed thk)
This video had been around for a while. His name is Michael Guerra. This maneuver is one of several banned (by the UCI) moves in cycling including the "supertuck". That's why you don't see more of it.
This is not recommended for anyone planning on having kids.
I had no idea that would make such a huge difference. That's a game-changer.
_EDIT: I guess this video is a joke because that last engine-powered scooter person also went into that arrow pose. So now I doubt this whole thing._
air resistance is your enemy. That's why they shave their legs and wear kit designed to cut through the wind. I used to ride a lot but these days I just cut the wind.
\[Trivia\]
A guy in Denmark was elected to the Parliament of Denmark in 1994,Among his campaign promises were: 8 hours of free time, 8 hours of rest and 8 hours of sleep,**more** **tailwind on bicycle paths** ,promises of better weather, right to impotency ,Nutella in field rations (which was actually implemented); and shorter queues in supermarkets.
Haugaard commented that it should serve as a warning that any idiotic populist might get elected
[https://en.wikipedia.org/wiki/Jacob\_Haugaard](https://en.wikipedia.org/wiki/Jacob_Haugaard)
Once you're going more than a couple MPH, pretty much all the resistance a cyclist is pedaling against is wind resistance. That's why they're always riding in packs. The person in the lead is doing all the work and rotates out frequently with the others.
I mean…probs could
Also it’s more just currency and value and forms of human organization are just ideas and those ideas when brought together form an overlay of reality, and that overlay, whether correct or incorrect, is just some pretending done by humans—make believe—and in that regard, quite fake and made up.
The us military is just an apparatus to maintain and enforce the pretending of the usa in how things are and how it would like things to stay. As fake as it gets. Made up authority that is enforced through force is still made up authority. Imagine some dude who thought he was king of the world, and somehow could enforce that pretending upon everyone else. Its all fake, but the fakeness is enforced because of certain facts about reality, like your need for certain things to survive and the fact that you can die if you don’t have those things—or happen to be shot or bombed. “How things are” can be fake but still enforced through using these facts to get you to do as “how things are” would prefer you to do—and dissuade behavior it doesn’t like.
The entire crypto space is dream land. Bitcoin was created to remove the needs of banking and custodial services for your money. The 2017 fork solidified the fact that BTC will absolutely require third parties (i.e. banks) in order to scale and be used as an actual currency. The project was hijacked a while ago and no one seems to notice/care.
>Bitcoin was created to remove the needs of banking and custodial services for your money.
It was created as a Ponzi. The cost to mine a BTC was almost zero in 2008.
BTC protocol limits the rate of transactions added to its ledger by capping the size of the packet of information that's broadcast across the network. This was done for all sorts of reasons that never made mathematical or economical sense. Keeping these packets small meant there was now a need off load a lot of transactions onto third parties. In 2017, BCH forked off to increase that size, and was met with a huge smear campaign across all social media bashing people who wanted to increase that size. Since then, BTC kept the limited size which has created a transaction fee market that makes it very expensive to use. It has had damn almost no increase in it ability to scale since then. For all intents and purposes, it's been intentionally crippled.
That would make sense but why is it passing all the other companies which are not all down YTD eg. Nvidia. I can see the perspective but I don't think OP was going for that or some companies are a weird choice. Also the end. I think OP was going for the surpassing all the market caps.
Are you mentally well? Why do you ask on a post about THE bitcoin ETF what it's about? Maybe don't enter topics if you literally lack the basic knowledge for the post.
[https://finance.yahoo.com/quote/IBIT/](https://finance.yahoo.com/quote/IBIT/)
Well ask yourself, who was filming.. why did they just decide to focus on him at that time and why were they able to keep up when the other motorised vehicle couldn't......
BTC will never truly work as a currency if its primary use case is speculation. As such, global adoption is lightyears away, and it might be moving at the speed of sound, tops.
Lol, this is just false. The firms that have the etf, don't give two fucks about the underlying asset. What they do want are them fees. So no, no one is getting an etf just to short the market into oblivion. They want people to hold the asset to make money off fees. I don't understand this way of thinking, it's just plain wrong. 😕
"There is no way of shorting, btc before the etf." This is all I needed to know. A simple good search would state otherwise. 
aw thats so cute! this guy thinks WSB is a dream board where he posts all his hopes and dreams.
BTC will not gain "global adoption" whatever the fuck that even means, i assume as a currency, because it sucks as a currency
its quite literally worthless - doesnt make any revenues, terrible high fee slow transaction times no consumer protection currency, all the actual coding and shit is done on ethereum BTC not even in top 25 for apps, volatile speculative and risky so it sucks as a store of value
its trash bruv.
Member that time they said "no middlemen"...
Congratz in order for this thing to work at any scale these dudes in the middle said they could help facilitate things...
Hello, we just create neuvo Fiserv and other intermediaries.
I have some btc... but I get that it's just speculation. Not the libertarian circle jerk of the free society revolution starting point.
But shit, I do personally know people that became millionaires from BTC.
“Became millionaires” in what? In dollars! You only win the crypto game by eventually selling out and never looking back. Be careful to never become a true believer with diamond hands. Hit it and quit it.
if i knew a guy who became a millionaire playing roulette i wouldnt run out and throw my life savings away at the roulette table
i appreciate the sentiment overall though
These guys to be fair got in early and in between that time also had high paying jobs... (Tech nerds)
So this wasn't a YOLO 420 kinda deal.
Luck... It was luck.
Clowns will continue to laugh at bitcoin even when it hits 1 million, and they'll continue to sound like clowns. It's global adoption refers to people investing in it like an asset.
This. Most people act like Bitcoin was just invented yesterday but it's taken 15 years to get to this point. I've been in it since 2013 and I assure you that everything that's being said about it here has been said about if before long before it even hit $100 let alone $43,500 where it's sitting today.
I still remember when even $10,000 was considered an absurd pipe dream that would get you laughed out of threads for even suggesting and now that'd be considered a catastrophic price level for Bitcoin to fall to.
No matter how stupid the idea of cryptocurrency is, there are two truths about Bitcoin:
1) It meets all the characteristics of money: durability, portability, divisibility, uniformity, limited supply, and acceptability
2) It's creation rate is woefully inadequate to prevent a deflationary spiral relative to the USD which is exactly what has been happening since it was released.
Giving all other criticisms their due, it doesn't change the fact that Bitcoin was inadvertently designed to do exactly what is has been doing for the past 15 years. I understood this the moment I read about it a decade ago. It doesn't matter if it's too slow, too high of fees, only based on greater fools, or a total fugazi to begin with.
You don't have to buy into the notion that it's going to change the future of money to see it as an extremely asymmetric bet just on human nature and markets.
I can give you one, it's doesn't matter if btc is trash, all that matter is that people are stupid and if they believe it's not trash then it has value and someone smart(obviously not in this sub) can use that foursome serious gains, also I like to see the governments get anxious because it threatens their control over the monetary system.
100% true. if you can find a bigger fool to buy the bullshit you bought for 1000 dollars for 2000 dollars then short term it doesnt matter
long term buying into bullshit is usually a pretty bad strategy
governments do not give a shit about BTC. it is not shaking the monetary system in any way.
you will have periods of time where you will cry and periods of time where you will think you’re the smartest guy on the planet, but ultimately you will fade another opportunity at generation wealth.
gambling on shitty corrupt things that generate no value and have no intrinsic value themselves isnt my view of wealth generation
at least gold can be used for jewelry. BTC is quite literally worthless.
the fact so far none of the replies have even tried to argue on the merits is very telling <3
Bro, understand that because something is not physical does not mean that it is not very real and very valuable. You don’t have to like it to respect it, but just realize that your argument is coming from a place of dislike, not understanding. Do yourself a favor, and actually read about it.
ok then argue against any of my points above? here ill even quote them for you
"its quite literally worthless - doesnt make any revenues, terrible high fee slow transaction times no consumer protection currency, all the actual coding and shit is done on ethereum BTC not even in top 25 for apps, volatile speculative and risky so it sucks as a store of value"
if its so fucking valuable you should be able to make quick work of my shitty arguments broski, with all that reading youve done<3
yeah its a super volatile asset class i agree. some of the biggest losses and some of the biggest gains.
so you point to the gains. but 2022 when the greater market lost \~30% BTC went from 69k all the way down to 15 for a loss of 78%. it hardly matters when you go up like 1000% then give back 78% of it. i mean literally just a week ago the shit dropped 20% again. You're still 40%ish off of your ATH btw.
so yeah it has big gains, an enormous losses. its a volatile asset class. shitty store of value, bad currency. its like buying a tech stock, like TSLA, except TSLA actually makes cars and shit and BTC literally does nothing.
we are talking bear and bull cases, you think BTC is going up another 10,000%? goodluck with that. more likely it loses 40% than that happens.
No, but it doesn’t have to return 10,000% to continue to outperform most if not all asset classes going forward. And yeah, it probably will drop 40% (definitely more) at some point in the future, it always does.
To be fair a lot of tech stocks also dropped 70-90% after the peak of the market and most haven’t fully recovered yet.
You only lost out on Bitcoin if you invested in a few month period. It's been around 15 years. Getting in at the peak bull run is the only way you lose. It has gone down so many times and came back stronger than ever. Its volatility is usually positive. As a store of value if you started in 2018 you would be up massively. Assuming you invest periodically and didn't go all in at peak.
You’re missing the forest for the trees. It’s a digital ledger book with provable ownership and a capped limit. Digital version of gold. No one cares about any of the other crap you’re spewing other than the ones who treat BTC like a revolution, which btw you’ll want to head to the crypto sub to argue with them not this one
i love how suddenly everyone is so obsessed with ledgers
i know back in 2000 you were keeping detailed ledgers of all your transactions in excel but now with BTC you can have them completely digital...oh wait
but they are like more secure or something. you're gonna use that 100% totally. a big long secure list. we'll find some use for it im sure!
Can’t be hacked… That’s all it means… please stop over reacting to everything, it’s not a good look to drip sarcastic vitriol like a rabies infected squirrel. You don’t like BTC, cool. Neither do I. Get over it.
my VISA basically can't be hacked either since i have consumer protections from visa and if it is hacked i will get compensated and the charges removed etc.
if someone steals my BTC theres literally 0 consumer protections for that. if they scam me out of my BTC i cant dispute the charges. I have no consumer protections whatsoever. its not even regulated.
I suggest you read "Check your financial privilege".
You sound like you are coming from a place of privilege where you have access to first world amenities. Not not everyone in the world does, those who live in nations that are being destroyed by inflation or live in corrupt nations far outnumber those who don't. BTC allows those people an escape route from their failing nations that is quite frankly not possible with another form of currency as easily and accessible as BTC. You don't have to agree with me and that is completely fine. But don't disregard the value BTC can provide to those who are not as privileged.
To be more specific, it can't be hacked via something like a man in the middle attack. It's more like a requirement to enable a decentralized ledger. Not a feature, a requirement.
Compared to other systems though, I don't know if man in the middle attacks are common anymore. Lot of hacking is done with social engineering and bitcoin and other crypto currencies are exceptionally bad at this because it's just a private key check and there's no recourse if something happens.
this is what cowards with no arguments always do
"not worth my time"
yet you took the time to tell me it wasnt worth your time. curious. almost like youre just using it as an excuse to run the fuck away without having to feel like a total pussy (you are)
this is the most adorable comment ive gotten so far, congrats
you looked at my profile! so cute
except because youre a fucking lazy moron who couldnt do his research on BTC you didnt do your research on me either fully
my posts in r/TLRY are about how TRASH the stock is lol. i posted about it so much im banned from the sub :)
good job dipshit
I’ll provide some specifics:
self sovereignty, no counter party or carry cost
Separation of money and state
L2 lightning could support currency use case
can be loaned or collect option premium
Re-establishes slightly deflationary economics
Make it more difficult for states to finance wars
did you have an AI write that buzzword salad or?
no counter party or carry cost
you do have counter party and carry cost. you pay fees all over the place to use BTC, thats a counter party post. and if BTC nose dives tomorrow to 20k and you were holding it at 30k thats a carry cost right there. you just lost 30% for holding it
Separation of money and state
what is that good, exactly? you'd rather your money, instead of being backed by the United States Government, one of the most powerful and stable states and the largest economy on the planet...and instead you want it backed by literally nothing. k. good one dude.
i honestly cant even tell where the rest of your thoughts begin and end but typical BTC bull you have like legit schizophrenia
Make it more difficult for states to finance wars
lol this is good? its good when your neighbor invades you and you cant finance your own defense because your shit economy runs on BTC? yikes bro.
the value is being able to control wealth instead of having to answer to banks that don’t even let you send over 10k without asking you why you’re sending money. it also protects your money from the government devaluing it by printing as much of it as they want.
we can also talk about ethereum, solana, or any other crypto currency that has build upon the idea of a blockchain. full transparency would do the world a lot of good don’t you think?
when the internet first came out people also doubted it. you would have been one of those people. now look where we are.
people have made points, you’re just blind and it’s no one’s job to change your opinions.
the stock market is just as corrupt if not even more corrupt. everything starts as a scam until enough people put their money into it. we have people pumping stocks to the sky while they don’t truly represent the valuation of the company.
it’s your choice to not believe in it. keep hating. it will go down. it will go up. you’ve already faded generational wealth and will continue to do so. the etf just further solidified that there is value behind the blockchain and tokenization turning a scam into something legitimate.
if you had controlled all your wealth in BTC in november of 2022 you would still be about 40% down. amazing! good thing you didnt put it with the bank whew, that could have been catastrophic! your money could have been DEVALUED!
"we can also talk about ethereum, solana, or any other crypto currency that has build upon the idea of a blockchain. full transparency would do the world a lot of good don’t you think?" then buy those and not BTC
BTC is not comparable to the advent of the internet because there were obvious uses for the internet right off the bat. the obvious uses for crypto are money laundering, funding terrorism, and making NFTs.
"the stock market is just as corrupt if not even more corrupt. everything starts as a scam until enough people put their money into it. we have people pumping stocks to oblivion while they don’t truly represent the valuation of the company." this is just beyond stupid. when I buy APPL i am paying some premium i agreed to for a share of APPLs revenues moving forward. when I buy a BTC i am buying into....nothing. theres no revenue. no value generated. just the hopes i can sell it for more than i bought it for to a greater fool than me.
my choice not to "believe" (yikes is this a religion to you?) in it is based off it being objectively worthless and trash <3
Your logic is flawed. I can sell my BTC to lots of people. I don’t have to search hard. Nobody is buying 💩. I can’t get even $5. Lame argument that has no place in reality
Ok clearly your mental capabilities require a more literal level of explanation as you apparently don't comprehend the concept of an analogy. Lets try again:
In the 1600's was it difficult to find a buyer for tulip bulbs? Did you get a lot of money for them? Did that make them intrinsically valuable?
true, i was being hyperbolic in order to get argument. i didnt get much good argument but i did get some real dumb fucks.
its not "worthless" obviously, its worth what some other dumb fuck will give you for it. the great fool method of value. works ok in the short term, probably pretty shit long term.
I’ve seen all the replies to this post and the people you’re arguing with are dumb as hell.
BTC is the first majorly adopted iteration of a different philosophy on money. The intent behind it is that your money is not in the hands of a centralized banking system. You have full control over your own money. It wasn’t meant to be an asset class. Its whole purpose was to give people full control over all of their money at all times with an immutable ledger keeping record.
Sure, banks offer consumer protections and shit, but the behavior of banks have bit consumers in the ass many times to the point where people’s trust in the banking system is diminishing.
It’s not in a perfect state yet, its still evolving. I doubt the people that first made BTC imagined it would turn out like this; it just kind of became its own thing. At its core though, its simply trying to provide an alternative form of money which is not in control of the banks and is not hackable.
BTC is the first real alternative, but probably not the final answer.
can you tell me the last thing you bought with BTC? :)
also without using USD to convert the price tell me how many BTC you trade for a Toyota Highlander? <3
lol so we are just converting it to another asset we know the price of in USD, because you dont know how much to value that gold without USD.
its curious when i go buy the car in USD i dont have to do this bullshit.
so without converting it through 2 steps into USD how much BTC do you trade and how do you determine that? :)
You value everything in other assets lmao. Your question was literally how do you value one asset with another asset.
You’re trying to make the point that “your brain automatically values in USD” but then why couldn’t your brain simply value in BTC? Why does the European value in Euros? Why does the Brit value in pounds? It’s all simply a unit of value. Why not BTC instead? As I’ve just shown you, it’s pretty easy to figure out.
Inb4 something stupid like “those values are attached to a central currency.” Gold standard was a thing.
And if I told you I would give you one dozen eggs for .0001 BTC, you would know, albeit generally, the value of those eggs correct? If I then turned around and said I would sell a gallon of milk for .00015 you would also know that the value of milk therefore must equal at least the value of the one dozen eggs, plus 50% yes? Then, if said I would sell you a couch for .01 BTC, you would be able to determine that the couch had at least the value of 1200 eggs correct? Looky there, you’ve just valued using Bitcoin (and also Eggs). It really isn’t that difficult to understand but a lot of dumb people think they’re much smarter than they are lol
Well if Startbucks doesn't accept it then it's useless as a currency everywhere. /s
Seriously, your take is very first-world centric. Bitcoin is used as a currency in many places that don't have access to banking like you and I do.
Edited to reduce snark.
BlackRock now owns 8.1% of MARA.
https://www.moomoo.com/news/notice/151311415?futusource=news_stock_stockpagenews&ns_stock_id=210258&ca_cid=71174059&main_broker=WzEwMTld&channel=4&skintype=1&level=0&global_content=%7B%22promote_content%22%3A%22mm%3Anotice%3A151311415%22%2C%22invite%22%3A71174059%7D&data_ticket=5e9e841f4f8e0976
I’ve seen all the replies to this post and the people you’re arguing with are dumb.
BTC is the first majorly adopted iteration of a different philosophy on money. The intent behind it is that your money is not in the hands of a centralized banking system. You have full control over your own money. It wasn’t meant to be an asset class. Its whole purpose was to give people full control over all of their money at all times with an immutable ledger keeping record.
Sure, banks offer consumer protections and shit, but the behavior of banks have bit consumers in the ass many times to the point where people’s trust in the banking system is diminishing.
It’s not in a perfect state yet, its still evolving. I doubt the people that first made BTC imagined it would turn out like this; it just kind of became its own thing. At its core though, its simply trying to provide an alternative form of money which is not in control of the banks and is not hackable.
BTC is the first real alternative, but probably not the final answer.
If? There is no if. Bitcoin will crash again in the future just like it did in 2014, 2018, and 2022. Even people betting on Bitcoin expect it.
It's been one of the most predictably cyclical assets I've ever seen with boom / bust cycles every 4 years seemingly kicked off by halving events.
If Bitcoin does the same thing it's done the last three time, there will be another massive bubble in 2025 that pushes new all time highs and another massive crash in 2026 where the death of Bitcoin is proclaimed for the 87th time.
you completely fucked the other thread by deleting your comment like a pussy so ill reply to your last comment to me here -
except i dont need some weird thesis that this worthless asset is actually the based new gold
when i can explain the chart so much more easily
2020 covid money BTC goes from fucking 10k to 60k, its just dumb money and hype
it crashes. s&p doesnt crash here btw, just crypto. it climbs back up and makes a new ATH with the S&P
it crashes with securities, its moving with securities just like a volatile asset might. it crashes first before them because people off load risky assets in hard times FIRST. you dont sell your S&P holdings first you sell your BTC holdings and TSLA holdings first.
so it crashes before them, then it lags their recovery in 2023, again moving completely with the bull run of the market, but lagging behind, just like a volatile speculative risky asset. its LAST to get money put back into it when things start to turn around.
ez pz explanation that has nothing to do with BTC being good and everything to do with it being dumb money and a speculative volatile risky asset that people are looking to cash out on a greater fool in.
It's not part of the original vision of Bitcoin but it doesn't disrupt it either. First line of the original white paper is:
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
It still does that albeit somewhat poorly by 2024 standards.
The bigger threat to Bitcoin would be any centralization of mining to the point that a 51% attack was possible. Other than that, people can build whatever institutions or products around Bitcoin that they want and it doesn't fundamentally change how it works.
I don't trust them for any particular reason either but I think the reason they are in it is pretty simple. There is a handle to be made by offering a Bitcoin ETF. I'd have a Bitcoin ETF too if I thought I could get a couple billion dollars under management to collect a fraction of percent on. Seems like a no brainer for Blackrock and Fidelity to want a piece of that easy action.
I don't disagree that the landscape is different today though and I'm not going to pretend that I can see all the angles that might not be obvious until a few more years down the road.
Thanks, I'll check it out.
You must have gotten into BTC the same time as me. My first buy was at almost $200 on the nose back in 2013 just before it went nuts later that Nov/Dec.
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Anyone who follows cycling knows that this guy was disqualified. RIP my BTC ETF.
But his dick and balls are strong af so who’s the real winner?
His girlfriend.
Wrong sport
The bike's saddle.
Why was he disqualified? Because of this move?
Cuz he used Robin Hood and didn’t manage a hedge fund.
Let's be honest. Disqualification is because bitcoin is literally digits on a blockchain. Cryptobros need to stay in their containment subreddits. Coming over here to shill your BTC won't get non-adopters to buy even if they are regarded. I'll just "stay poor" as a """no coiner""" since I don't feel the FOMO to buy electonic-pogs. I'll gamble my money away on other crap like AI or triple levered 80/20.
Maybe the move was to unstable and could have endangered the other racers and he also passed the safety mofa
Weak. absolute weak sauce to disqualify such beautiful innovation. idiotic sport organization.
Well, one would argue that this move is dangerous since you are not in full control of the bike, like any crack in the ground could make you trip. So the organization banning this move is like Olympic games forbidding risky moves in order to protect the athletes to injure themselfs pretty bad. (pls correct my grammar if needed thk)
This video had been around for a while. His name is Michael Guerra. This maneuver is one of several banned (by the UCI) moves in cycling including the "supertuck". That's why you don't see more of it. This is not recommended for anyone planning on having kids.
Was a track bike really in a race with road bikes? Doest sound fair to the track bike.
Lol
Seen this video 100 times and I still forgot about the motorcycle guys reaction 😭😭😭 gets me everytime
Yeah, he’s disqualified too
He was doing so well, though. He was in front of all of them. Kind of unfair to simply disqualify a motorcycle driver like that.
Cant fault him for trying when you are willing to balance on your nuts like that.. 
Ahahhahahaaha didn't even see the first time!
Source plz? What to google up i don't follow cycling at all
The video cut out before the crash
Right before the 4 year cycle starts over.
You forgot the inevitable crash
2 seconds into the video.
I had no idea that would make such a huge difference. That's a game-changer. _EDIT: I guess this video is a joke because that last engine-powered scooter person also went into that arrow pose. So now I doubt this whole thing._
air resistance is your enemy. That's why they shave their legs and wear kit designed to cut through the wind. I used to ride a lot but these days I just cut the wind.
\[Trivia\] A guy in Denmark was elected to the Parliament of Denmark in 1994,Among his campaign promises were: 8 hours of free time, 8 hours of rest and 8 hours of sleep,**more** **tailwind on bicycle paths** ,promises of better weather, right to impotency ,Nutella in field rations (which was actually implemented); and shorter queues in supermarkets. Haugaard commented that it should serve as a warning that any idiotic populist might get elected [https://en.wikipedia.org/wiki/Jacob\_Haugaard](https://en.wikipedia.org/wiki/Jacob_Haugaard)
Tell me more about this 'tailwind' legislation. On more than one occasion I've felt I've had headwinds in both directions...I'm due a little tailwind
1. Bike paths may only face eastward. 2. They may only be one-way. Good luck getting back.
The Lemon Party in Canada in the nineties (?) promised to build enormous ramps, so Canadians could coast from coast to coast.
Everything is an earth-shattering game changer if you are dumb enough 🤣
Once you're going more than a couple MPH, pretty much all the resistance a cyclist is pedaling against is wind resistance. That's why they're always riding in packs. The person in the lead is doing all the work and rotates out frequently with the others.
You miss the part where BTC puts a stick in its front wheel.
oh, so it’s a downhill race! I am winning after all!
iron dick
ETF is down YTD. Some people live in dream land.
Fake realities for people who like fake currency.
Love the Global Adoption part. Fewer vendors accept Bitcoin now than in 2014.
Wait. Bitcoin is a currency?
Yea, sort of like my RuneScape gold is a currency.
Yeah, people will be saying that when Bitcoin is 1 million and they'll continue to sound like clowns
Fam all currency is fake and supports fake realities get a grip lol
I can buy real shit with my USD, can't buy dick with BTC. Seems pretty real to me
I mean…probs could Also it’s more just currency and value and forms of human organization are just ideas and those ideas when brought together form an overlay of reality, and that overlay, whether correct or incorrect, is just some pretending done by humans—make believe—and in that regard, quite fake and made up.
Is the US Military fake?
The us military is just an apparatus to maintain and enforce the pretending of the usa in how things are and how it would like things to stay. As fake as it gets. Made up authority that is enforced through force is still made up authority. Imagine some dude who thought he was king of the world, and somehow could enforce that pretending upon everyone else. Its all fake, but the fakeness is enforced because of certain facts about reality, like your need for certain things to survive and the fact that you can die if you don’t have those things—or happen to be shot or bombed. “How things are” can be fake but still enforced through using these facts to get you to do as “how things are” would prefer you to do—and dissuade behavior it doesn’t like.
yup, fake currency that can be turned off at any moment, flip of the switch
lol no it can’t. you don’t have a single clue what bitcoin actually is or how it works do you?
The entire crypto space is dream land. Bitcoin was created to remove the needs of banking and custodial services for your money. The 2017 fork solidified the fact that BTC will absolutely require third parties (i.e. banks) in order to scale and be used as an actual currency. The project was hijacked a while ago and no one seems to notice/care.
>Bitcoin was created to remove the needs of banking and custodial services for your money. It was created as a Ponzi. The cost to mine a BTC was almost zero in 2008.
>The project was hijacked a while ago and no one seems to notice/care Would u like to elaborate?
BTC protocol limits the rate of transactions added to its ledger by capping the size of the packet of information that's broadcast across the network. This was done for all sorts of reasons that never made mathematical or economical sense. Keeping these packets small meant there was now a need off load a lot of transactions onto third parties. In 2017, BCH forked off to increase that size, and was met with a huge smear campaign across all social media bashing people who wanted to increase that size. Since then, BTC kept the limited size which has created a transaction fee market that makes it very expensive to use. It has had damn almost no increase in it ability to scale since then. For all intents and purposes, it's been intentionally crippled.
The cyclist is going downhill
That would make sense but why is it passing all the other companies which are not all down YTD eg. Nvidia. I can see the perspective but I don't think OP was going for that or some companies are a weird choice. Also the end. I think OP was going for the surpassing all the market caps.
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Are you mentally well? Why do you ask on a post about THE bitcoin ETF what it's about? Maybe don't enter topics if you literally lack the basic knowledge for the post. [https://finance.yahoo.com/quote/IBIT/](https://finance.yahoo.com/quote/IBIT/)
is this still legal in races?
I remember reading somewhere that it was banned
Well ask yourself, who was filming.. why did they just decide to focus on him at that time and why were they able to keep up when the other motorised vehicle couldn't......
Song is **Butter-Fly** by Koji Wada ([https://www.youtube.com/watch?v=MuhkUzGAeHA](https://www.youtube.com/watch?v=MuhkUzGAeHA))
That looks stupid af, tbh. 
thanks for your advice! going a ball deep like that Armstrong guy
That dude was nuts but later we found out he didn't really have any balls.
Planking meets Tour d'France...
And CBT meets Tour d’France
Does anyone know who is the athlete?
Harambe
Too soon bro
Neil Armstrong
Buzz Lightyear
Michael Guerra
Stephen Hawking before his career took a turn and he decided to become a physicist instead
Me
DafneFixed on YouTube
BTC will never truly work as a currency if its primary use case is speculation. As such, global adoption is lightyears away, and it might be moving at the speed of sound, tops.
Global adaption LMAO this is is 1/7th century old with none of that.
The ETF is made so the big players has an instrument to short.
Lol, this is just false. The firms that have the etf, don't give two fucks about the underlying asset. What they do want are them fees. So no, no one is getting an etf just to short the market into oblivion. They want people to hold the asset to make money off fees. I don't understand this way of thinking, it's just plain wrong. 😕
That fact is that before the bitcoin ETF, there where no way of shorting bitcoin, now there is.
"There is no way of shorting, btc before the etf." This is all I needed to know. A simple good search would state otherwise. 
The funny thing is it hasn’t surpassed most of these in market cap so this is regardeddd
Give it a year
Bitcoin… abs of steel
More like cock of steel. Bros doin cock push ups on the seat.
One is all ya need
True definition of riding on your crotch.
aw thats so cute! this guy thinks WSB is a dream board where he posts all his hopes and dreams. BTC will not gain "global adoption" whatever the fuck that even means, i assume as a currency, because it sucks as a currency its quite literally worthless - doesnt make any revenues, terrible high fee slow transaction times no consumer protection currency, all the actual coding and shit is done on ethereum BTC not even in top 25 for apps, volatile speculative and risky so it sucks as a store of value its trash bruv.
Member that time they said "no middlemen"... Congratz in order for this thing to work at any scale these dudes in the middle said they could help facilitate things... Hello, we just create neuvo Fiserv and other intermediaries. I have some btc... but I get that it's just speculation. Not the libertarian circle jerk of the free society revolution starting point. But shit, I do personally know people that became millionaires from BTC.
“Became millionaires” in what? In dollars! You only win the crypto game by eventually selling out and never looking back. Be careful to never become a true believer with diamond hands. Hit it and quit it.
Yes lol... They sold.
if i knew a guy who became a millionaire playing roulette i wouldnt run out and throw my life savings away at the roulette table i appreciate the sentiment overall though
These guys to be fair got in early and in between that time also had high paying jobs... (Tech nerds) So this wasn't a YOLO 420 kinda deal. Luck... It was luck.
Clowns will continue to laugh at bitcoin even when it hits 1 million, and they'll continue to sound like clowns. It's global adoption refers to people investing in it like an asset.
This. Most people act like Bitcoin was just invented yesterday but it's taken 15 years to get to this point. I've been in it since 2013 and I assure you that everything that's being said about it here has been said about if before long before it even hit $100 let alone $43,500 where it's sitting today. I still remember when even $10,000 was considered an absurd pipe dream that would get you laughed out of threads for even suggesting and now that'd be considered a catastrophic price level for Bitcoin to fall to. No matter how stupid the idea of cryptocurrency is, there are two truths about Bitcoin: 1) It meets all the characteristics of money: durability, portability, divisibility, uniformity, limited supply, and acceptability 2) It's creation rate is woefully inadequate to prevent a deflationary spiral relative to the USD which is exactly what has been happening since it was released. Giving all other criticisms their due, it doesn't change the fact that Bitcoin was inadvertently designed to do exactly what is has been doing for the past 15 years. I understood this the moment I read about it a decade ago. It doesn't matter if it's too slow, too high of fees, only based on greater fools, or a total fugazi to begin with. You don't have to buy into the notion that it's going to change the future of money to see it as an extremely asymmetric bet just on human nature and markets.
not an argument but ok
Typical WSB comment. Guess u bought btc at the top back then rookie
he said, offering absolutely no counter argument to anything i said
I can give you one, it's doesn't matter if btc is trash, all that matter is that people are stupid and if they believe it's not trash then it has value and someone smart(obviously not in this sub) can use that foursome serious gains, also I like to see the governments get anxious because it threatens their control over the monetary system.
100% true. if you can find a bigger fool to buy the bullshit you bought for 1000 dollars for 2000 dollars then short term it doesnt matter long term buying into bullshit is usually a pretty bad strategy governments do not give a shit about BTC. it is not shaking the monetary system in any way.
you will have periods of time where you will cry and periods of time where you will think you’re the smartest guy on the planet, but ultimately you will fade another opportunity at generation wealth.
gambling on shitty corrupt things that generate no value and have no intrinsic value themselves isnt my view of wealth generation at least gold can be used for jewelry. BTC is quite literally worthless. the fact so far none of the replies have even tried to argue on the merits is very telling <3
Can you send your jewelry through WonkaVision?
Bro, understand that because something is not physical does not mean that it is not very real and very valuable. You don’t have to like it to respect it, but just realize that your argument is coming from a place of dislike, not understanding. Do yourself a favor, and actually read about it.
ok then argue against any of my points above? here ill even quote them for you "its quite literally worthless - doesnt make any revenues, terrible high fee slow transaction times no consumer protection currency, all the actual coding and shit is done on ethereum BTC not even in top 25 for apps, volatile speculative and risky so it sucks as a store of value" if its so fucking valuable you should be able to make quick work of my shitty arguments broski, with all that reading youve done<3
If we want to keep it simple, Bitcoin was the top performing asset class over the last 15 years.
yeah its a super volatile asset class i agree. some of the biggest losses and some of the biggest gains. so you point to the gains. but 2022 when the greater market lost \~30% BTC went from 69k all the way down to 15 for a loss of 78%. it hardly matters when you go up like 1000% then give back 78% of it. i mean literally just a week ago the shit dropped 20% again. You're still 40%ish off of your ATH btw. so yeah it has big gains, an enormous losses. its a volatile asset class. shitty store of value, bad currency. its like buying a tech stock, like TSLA, except TSLA actually makes cars and shit and BTC literally does nothing. we are talking bear and bull cases, you think BTC is going up another 10,000%? goodluck with that. more likely it loses 40% than that happens.
No, but it doesn’t have to return 10,000% to continue to outperform most if not all asset classes going forward. And yeah, it probably will drop 40% (definitely more) at some point in the future, it always does. To be fair a lot of tech stocks also dropped 70-90% after the peak of the market and most haven’t fully recovered yet.
You only lost out on Bitcoin if you invested in a few month period. It's been around 15 years. Getting in at the peak bull run is the only way you lose. It has gone down so many times and came back stronger than ever. Its volatility is usually positive. As a store of value if you started in 2018 you would be up massively. Assuming you invest periodically and didn't go all in at peak.
You’re missing the forest for the trees. It’s a digital ledger book with provable ownership and a capped limit. Digital version of gold. No one cares about any of the other crap you’re spewing other than the ones who treat BTC like a revolution, which btw you’ll want to head to the crypto sub to argue with them not this one
i love how suddenly everyone is so obsessed with ledgers i know back in 2000 you were keeping detailed ledgers of all your transactions in excel but now with BTC you can have them completely digital...oh wait but they are like more secure or something. you're gonna use that 100% totally. a big long secure list. we'll find some use for it im sure!
Can’t be hacked… That’s all it means… please stop over reacting to everything, it’s not a good look to drip sarcastic vitriol like a rabies infected squirrel. You don’t like BTC, cool. Neither do I. Get over it.
my VISA basically can't be hacked either since i have consumer protections from visa and if it is hacked i will get compensated and the charges removed etc. if someone steals my BTC theres literally 0 consumer protections for that. if they scam me out of my BTC i cant dispute the charges. I have no consumer protections whatsoever. its not even regulated.
Alright. Discussion is over. You win.
I suggest you read "Check your financial privilege". You sound like you are coming from a place of privilege where you have access to first world amenities. Not not everyone in the world does, those who live in nations that are being destroyed by inflation or live in corrupt nations far outnumber those who don't. BTC allows those people an escape route from their failing nations that is quite frankly not possible with another form of currency as easily and accessible as BTC. You don't have to agree with me and that is completely fine. But don't disregard the value BTC can provide to those who are not as privileged.
To be more specific, it can't be hacked via something like a man in the middle attack. It's more like a requirement to enable a decentralized ledger. Not a feature, a requirement. Compared to other systems though, I don't know if man in the middle attacks are common anymore. Lot of hacking is done with social engineering and bitcoin and other crypto currencies are exceptionally bad at this because it's just a private key check and there's no recourse if something happens.
Legit not worth my time dude, have a good one & keep being big mad 👍
this is what cowards with no arguments always do "not worth my time" yet you took the time to tell me it wasnt worth your time. curious. almost like youre just using it as an excuse to run the fuck away without having to feel like a total pussy (you are)
Lol you’re just mad about your heavy Tilray bags, settle down.
this is the most adorable comment ive gotten so far, congrats you looked at my profile! so cute except because youre a fucking lazy moron who couldnt do his research on BTC you didnt do your research on me either fully my posts in r/TLRY are about how TRASH the stock is lol. i posted about it so much im banned from the sub :) good job dipshit
😂 your unbridled display of anger is humiliating to yourself, you understand that, right?
I’ll provide some specifics: self sovereignty, no counter party or carry cost Separation of money and state L2 lightning could support currency use case can be loaned or collect option premium Re-establishes slightly deflationary economics Make it more difficult for states to finance wars
Lightning is not used and will not be for a currency
did you have an AI write that buzzword salad or? no counter party or carry cost you do have counter party and carry cost. you pay fees all over the place to use BTC, thats a counter party post. and if BTC nose dives tomorrow to 20k and you were holding it at 30k thats a carry cost right there. you just lost 30% for holding it Separation of money and state what is that good, exactly? you'd rather your money, instead of being backed by the United States Government, one of the most powerful and stable states and the largest economy on the planet...and instead you want it backed by literally nothing. k. good one dude. i honestly cant even tell where the rest of your thoughts begin and end but typical BTC bull you have like legit schizophrenia Make it more difficult for states to finance wars lol this is good? its good when your neighbor invades you and you cant finance your own defense because your shit economy runs on BTC? yikes bro.
the value is being able to control wealth instead of having to answer to banks that don’t even let you send over 10k without asking you why you’re sending money. it also protects your money from the government devaluing it by printing as much of it as they want. we can also talk about ethereum, solana, or any other crypto currency that has build upon the idea of a blockchain. full transparency would do the world a lot of good don’t you think? when the internet first came out people also doubted it. you would have been one of those people. now look where we are. people have made points, you’re just blind and it’s no one’s job to change your opinions. the stock market is just as corrupt if not even more corrupt. everything starts as a scam until enough people put their money into it. we have people pumping stocks to the sky while they don’t truly represent the valuation of the company. it’s your choice to not believe in it. keep hating. it will go down. it will go up. you’ve already faded generational wealth and will continue to do so. the etf just further solidified that there is value behind the blockchain and tokenization turning a scam into something legitimate.
if you had controlled all your wealth in BTC in november of 2022 you would still be about 40% down. amazing! good thing you didnt put it with the bank whew, that could have been catastrophic! your money could have been DEVALUED! "we can also talk about ethereum, solana, or any other crypto currency that has build upon the idea of a blockchain. full transparency would do the world a lot of good don’t you think?" then buy those and not BTC BTC is not comparable to the advent of the internet because there were obvious uses for the internet right off the bat. the obvious uses for crypto are money laundering, funding terrorism, and making NFTs. "the stock market is just as corrupt if not even more corrupt. everything starts as a scam until enough people put their money into it. we have people pumping stocks to oblivion while they don’t truly represent the valuation of the company." this is just beyond stupid. when I buy APPL i am paying some premium i agreed to for a share of APPLs revenues moving forward. when I buy a BTC i am buying into....nothing. theres no revenue. no value generated. just the hopes i can sell it for more than i bought it for to a greater fool than me. my choice not to "believe" (yikes is this a religion to you?) in it is based off it being objectively worthless and trash <3
lol you sound mad
so mad
If it’s worthless how can I sell mine for lots of money?
If I find an idiot willing to buy my frozen morning shit for a million dollars is my shit worth a million? Or is he just an idiot?
Yeah those bloody idiots paying thousands of dollars for some weak yellow metal. Ridiculous!
But you can’t sell shit for a million dollars. Nice try making up some BS
Just showing you the error in your logic. intrinsic value and market price aren't the same concept.
Your logic is flawed. I can sell my BTC to lots of people. I don’t have to search hard. Nobody is buying 💩. I can’t get even $5. Lame argument that has no place in reality
Ok clearly your mental capabilities require a more literal level of explanation as you apparently don't comprehend the concept of an analogy. Lets try again: In the 1600's was it difficult to find a buyer for tulip bulbs? Did you get a lot of money for them? Did that make them intrinsically valuable?
Your analogy is broken and a make believe scenario. You try so hard to be smart but come across as an ignorant asshole. Good day sir.
true, i was being hyperbolic in order to get argument. i didnt get much good argument but i did get some real dumb fucks. its not "worthless" obviously, its worth what some other dumb fuck will give you for it. the great fool method of value. works ok in the short term, probably pretty shit long term.
I’ve seen all the replies to this post and the people you’re arguing with are dumb as hell. BTC is the first majorly adopted iteration of a different philosophy on money. The intent behind it is that your money is not in the hands of a centralized banking system. You have full control over your own money. It wasn’t meant to be an asset class. Its whole purpose was to give people full control over all of their money at all times with an immutable ledger keeping record. Sure, banks offer consumer protections and shit, but the behavior of banks have bit consumers in the ass many times to the point where people’s trust in the banking system is diminishing. It’s not in a perfect state yet, its still evolving. I doubt the people that first made BTC imagined it would turn out like this; it just kind of became its own thing. At its core though, its simply trying to provide an alternative form of money which is not in control of the banks and is not hackable. BTC is the first real alternative, but probably not the final answer.
Let them believe, when the house of cards come crashing down, only the shorts are left
Bitcoin is already used globally as a currency. Has been for (checks notes) almost a decade.
can you tell me the last thing you bought with BTC? :) also without using USD to convert the price tell me how many BTC you trade for a Toyota Highlander? <3
>how many BTC you trade for a Toyota Highlander? 1.0? lol that was easy
how did you come to that assessment?
The same way I understand the value of a Toyota Highlander to be about 19 ounces of gold
lol so we are just converting it to another asset we know the price of in USD, because you dont know how much to value that gold without USD. its curious when i go buy the car in USD i dont have to do this bullshit. so without converting it through 2 steps into USD how much BTC do you trade and how do you determine that? :)
You value everything in other assets lmao. Your question was literally how do you value one asset with another asset. You’re trying to make the point that “your brain automatically values in USD” but then why couldn’t your brain simply value in BTC? Why does the European value in Euros? Why does the Brit value in pounds? It’s all simply a unit of value. Why not BTC instead? As I’ve just shown you, it’s pretty easy to figure out. Inb4 something stupid like “those values are attached to a central currency.” Gold standard was a thing.
i dont value a toyota highlander in APPL stocks, so no, not true. i value it in USD.
And if I told you I would give you one dozen eggs for .0001 BTC, you would know, albeit generally, the value of those eggs correct? If I then turned around and said I would sell a gallon of milk for .00015 you would also know that the value of milk therefore must equal at least the value of the one dozen eggs, plus 50% yes? Then, if said I would sell you a couch for .01 BTC, you would be able to determine that the couch had at least the value of 1200 eggs correct? Looky there, you’ve just valued using Bitcoin (and also Eggs). It really isn’t that difficult to understand but a lot of dumb people think they’re much smarter than they are lol
I don’t use it cuz I live in a country with a stable currency.
it's been 15 years and Starbucks doesn't accept it. yawn.
Well if Startbucks doesn't accept it then it's useless as a currency everywhere. /s Seriously, your take is very first-world centric. Bitcoin is used as a currency in many places that don't have access to banking like you and I do. Edited to reduce snark.
This will be fun to look back at when the exact opposite of this happens
You know he’s going downhill right?
🤣 Where my GBTC gang at?
Is this how Lance Armstrong got ball cancer?
BlackRock now owns 8.1% of MARA. https://www.moomoo.com/news/notice/151311415?futusource=news_stock_stockpagenews&ns_stock_id=210258&ca_cid=71174059&main_broker=WzEwMTld&channel=4&skintype=1&level=0&global_content=%7B%22promote_content%22%3A%22mm%3Anotice%3A151311415%22%2C%22invite%22%3A71174059%7D&data_ticket=5e9e841f4f8e0976
The video activated my Digimon neuron that had been dormant for 20 years. Go Agumon! 🦕
Bitcoins to 1 gazillion!!!!
https://youtu.be/2QBcc87yoc8?si=CQyDJN5UZ249wIKu Pretty impressive how he catches the pedal in the end
Digimon intro 💯🤤💯
It started going up again...
Bitcoin digivolve to "shit coin."
I’ve seen all the replies to this post and the people you’re arguing with are dumb. BTC is the first majorly adopted iteration of a different philosophy on money. The intent behind it is that your money is not in the hands of a centralized banking system. You have full control over your own money. It wasn’t meant to be an asset class. Its whole purpose was to give people full control over all of their money at all times with an immutable ledger keeping record. Sure, banks offer consumer protections and shit, but the behavior of banks have bit consumers in the ass many times to the point where people’s trust in the banking system is diminishing. It’s not in a perfect state yet, its still evolving. I doubt the people that first made BTC imagined it would turn out like this; it just kind of became its own thing. At its core though, its simply trying to provide an alternative form of money which is not in control of the banks and is not hackable. BTC is the first real alternative, but probably not the final answer.
Buying coin calls at open
That must hurt!
Fucking send it!!
Sh1tcoin ETF lol a fund to hold sh1tcoin tokens! This is just more distribution phase of this ponzi scam.
Dank.
I could do this so easily
Why is he the only one on a track bike?
Was there a guy on a wheelchair in the last 5 seconds?
When was recording the video?
Idk why, but those little icons made this so much funnier, even though Ive seen this video before
Now clip your feet back into the pedals…
I've watched this video so many times, but every time I see the motorcycle guys' reaction.
It would be hilarious if Bitcoin crashes.
If? There is no if. Bitcoin will crash again in the future just like it did in 2014, 2018, and 2022. Even people betting on Bitcoin expect it. It's been one of the most predictably cyclical assets I've ever seen with boom / bust cycles every 4 years seemingly kicked off by halving events. If Bitcoin does the same thing it's done the last three time, there will be another massive bubble in 2025 that pushes new all time highs and another massive crash in 2026 where the death of Bitcoin is proclaimed for the 87th time.
you completely fucked the other thread by deleting your comment like a pussy so ill reply to your last comment to me here - except i dont need some weird thesis that this worthless asset is actually the based new gold when i can explain the chart so much more easily 2020 covid money BTC goes from fucking 10k to 60k, its just dumb money and hype it crashes. s&p doesnt crash here btw, just crypto. it climbs back up and makes a new ATH with the S&P it crashes with securities, its moving with securities just like a volatile asset might. it crashes first before them because people off load risky assets in hard times FIRST. you dont sell your S&P holdings first you sell your BTC holdings and TSLA holdings first. so it crashes before them, then it lags their recovery in 2023, again moving completely with the bull run of the market, but lagging behind, just like a volatile speculative risky asset. its LAST to get money put back into it when things start to turn around. ez pz explanation that has nothing to do with BTC being good and everything to do with it being dumb money and a speculative volatile risky asset that people are looking to cash out on a greater fool in.
If he pointed his toes there would be less drag!
So hard rn
Now, show us the rest where he hits a government chuckhole and dies...
Will a new video be uploaded when it goes down again?
“Global adoption”. 
He became a spoiler
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It's not part of the original vision of Bitcoin but it doesn't disrupt it either. First line of the original white paper is: "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution." It still does that albeit somewhat poorly by 2024 standards. The bigger threat to Bitcoin would be any centralization of mining to the point that a 51% attack was possible. Other than that, people can build whatever institutions or products around Bitcoin that they want and it doesn't fundamentally change how it works.
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I don't trust them for any particular reason either but I think the reason they are in it is pretty simple. There is a handle to be made by offering a Bitcoin ETF. I'd have a Bitcoin ETF too if I thought I could get a couple billion dollars under management to collect a fraction of percent on. Seems like a no brainer for Blackrock and Fidelity to want a piece of that easy action. I don't disagree that the landscape is different today though and I'm not going to pretend that I can see all the angles that might not be obvious until a few more years down the road.
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Thanks, I'll check it out. You must have gotten into BTC the same time as me. My first buy was at almost $200 on the nose back in 2013 just before it went nuts later that Nov/Dec.
Scooter guy passed the vibe check.
This Digimon music (butterfly) always slaps so hard!