JCC The Truth About Bitcoin (Now buying Melania’s dips)

Now that you've taken a second mortgage out on your house to free up funds for purchasing Bitcoin, it's time to dispel some rumors about the cryptocurrency.

1. It has no intrinsic value.

False. There is an underlying utility to bitcoin for money laundering and illegal transactions of all kinds. For smugglers, drug lords and international criminals of all types, bitcoin has been a godsend.

2. The bubble is about to burst.

False. Would you have taken out a second mortgage on your house if the bubble were about to burst? Would mainstream media stories about amateur bitcoin investors have surged to this extent if the bubble were about to burst?

3. The smart money has already taken its profit and exited bitcoin en masse.

False. You're smart. And you're still in bitcoin. You've just talked your neighbor into investing. You wouldn't steer her wrong would you?

 

The best thing about Bitcoin is watching Libertarians gradually learn about the necessity of financial regulations.

 

Surprising, because they're usually so good with sensible positions like 'no rules and regs' and 'hurrah for volatility when it goes up up up!"

 

up 14% today suckas

hodl
hodl

 

I sold my wheelchair, but, thanks to speculation, I now have about $100k in heroin-based Monopoly money. I'm thinking this was a wise investment.

 

Re bubbles - you might want to read up on the South Sea bubble and Tulip Mania before you invest. I personally think it's going to end in tears for quite a few investors..

CNN has a pretty good money article comparing bitcoin to past bubbles.

 

Didn't this bubble already burst once?

 

Anyone who’s made a bundle on this latest spike should get out now.

 

I think this will happen too. And then what is going to happen is the media will present us will all sorts of sob stories of people we are supposed to feel sorry for.

It's a pyramid scheme. Like all pyramid schemes, those who got in (and out) first make money. That doesn't mean it is a good idea.

 

...who is at the top of this pyramid?

 

A criminal.

 

TO THE MOON

 

lol.

 

This is just a hiccup, you guys! It will stabilize and magically become just as stable as major currencies backed by governments.

 

Oh come on you guys, it's the perfect time to buy! Look, it's going back up since Marcus posted 5 minutes ago! Wheeeee!



Edit: now in AUD for better comparison.

 

lodl

 

52 WEEK RANGE: 848.61 - 19,501.03

lol

 

Wish I'd bought at 848.61 and sold at the peak..

 

Yes I also wish I had bought in when the only people using cryptocurrencies were buying cocaine and child pornography.

 

Hodor!

 

Bitcoin? I'll stick with Dogecoin. We'll see us on my private spaceship on the Moon!

https://www.huzlers.com/bitcoin-sca...on-selling-chuck-e-cheese-tokens-as-bitcoins/

 

I placed all of my savings into Ponzicoin. It's really taking off, my broker tells me. Or did tell me. I haven't heard from him in a few days.

 

"Marlon had scratched off most of the Chuck E. Cheese engravements on the coins, and would write “B” on each coin with permanent marker."

...

I could have made a million dollars!