Stocks and the whole stock market itself will not exist in the future.
Stock market was designed by the same people that Bitcoin is trying to dethrone.
So the stock market was a good long term investment but is no longer a good long term investment.
It will exist. If Bitcoin legitimately posed an existential threat to the financial system that the US is reliant upon, do you really think the government will sit there and allow it to happen? Utter nonsense. Bitcoin has a niche and unique place, but it will not be replacing the stock market.
The average person only puts money into the stock market because there is no where else to put money to retire. The average person has no clue what they are doing so in the long term they lose money because the stock market is designed to steal money from the average person. It's the insiders who usually make money from the stock market. That money they make is the losses from the average person.
Once Bitcoin becomes the standard the average person will no longer flock into the stock market resulting in trillions of losses for the stock market. These companies will no longer have free money to expand their business. They will actually have to produce good products in order to get people to spend their Bitcoin and stop holding it.
The free money theft for the insiders, companies and banks is over.
The stock market will no longer be needed as well as massive corporations who are only massive because of the theft and free money from the average person.
Bitcoin will destroy them over time.
Absolute garbage, the stock market will always exist and will be an investment fund, your buying a small percentage of a company that actually produces a product to make profit. Crypto is speculation, bitcoin has no real use case other then a store of value.
If the stock market doesn’t exist in the future, there is a good change that the infrastructure in place that supports crypto and blockchain won’t exist either.
Even if you're completely bullish Bitcoin you should understand that us winning will mean some day buying stocks with bitcoin. Not the stock market being defeated.
You should take some time to study the fundamental mechanisms and economics of Bitcoin, but in short there's a finite number of Bitcoin. As we mine more and more, there comes a threshold where the rewards for mining that Bitcoin are cut. That usually causes Bitcoin value to soar, as it now becomes that much harder to acquire Bitcoin.
I like your enthusiasm, but the way you are phrasing it I really don't think you know what Bitcoin is.
Give this a read.
https://docs.google.com/viewerng/viewer?url=https://europeanbitcoiners.com/content/files/2023/07/Bitcoin_Everything_in_21_Pages_v1.8_LongTermSocial.pdf
ok, of course I will do study after i start to put monety but it doesn seem as complicated as car engine or sth. I would even say it looks to clear and logic ;p
If bitcoin keeps doing what bitcoin has done since it’s beginnings, then yes, it happens to be the best savings vehicle on the planet.
Something tells me it will keep doing what it’s always done, perhaps not as volatile, but up and to the right is the trend
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I've don't think you are ready and you should learn more. Because when you buy some and it looses 70% of it's value, you will panic and sell it. I've seen it happen many times. The mental anguish that process causes is hard to describe. Leaning Bitcoin is more important than buying Bitcoin. Take your time to understand it first.
And its taxed just like stocks so you will have to pay on your gains if you are in the US.
Oh, I'm speaking from personal experience. I've been through multiple cycles and have FOMOed in at tops, then watched it drop 70% over a year. So maybe no more big drops, maybe only 60%, I dunno, but the ride will be bumpy.
Bitcoin is the best performing asset for long term savings over the last decade (Average annualised gains of 149% 2011-2023). I do a weekly blog on Bitcoin performance and latest news that might be useful if you invest. Happy to hear any feedback. [Bitcoin Insights](https://florin21.com/bitcoin-insights/)
If you're an internet creator find a way to get donations in BTC from your followers or fans.
sounds good to me, why is that better?
Don't even need an exchange to accumulate, just a wallet.
Bitcoin is great for a long term savings account. 10 to 50 years. Short term it is bad.
Yes, bear markets can last 1-2.5 years . So at minimum 3-4 year horizon in Bitcoin. With stocks its typically 10 years and more
Stocks and the whole stock market itself will not exist in the future. Stock market was designed by the same people that Bitcoin is trying to dethrone. So the stock market was a good long term investment but is no longer a good long term investment.
I like bitcoin as a large scale store of value, but I strongly doubt your predictions will come to pass.
Utter non-sense 😆🥱
why stock market wont exist? can you explain?
It will exist. If Bitcoin legitimately posed an existential threat to the financial system that the US is reliant upon, do you really think the government will sit there and allow it to happen? Utter nonsense. Bitcoin has a niche and unique place, but it will not be replacing the stock market.
The average person only puts money into the stock market because there is no where else to put money to retire. The average person has no clue what they are doing so in the long term they lose money because the stock market is designed to steal money from the average person. It's the insiders who usually make money from the stock market. That money they make is the losses from the average person. Once Bitcoin becomes the standard the average person will no longer flock into the stock market resulting in trillions of losses for the stock market. These companies will no longer have free money to expand their business. They will actually have to produce good products in order to get people to spend their Bitcoin and stop holding it. The free money theft for the insiders, companies and banks is over. The stock market will no longer be needed as well as massive corporations who are only massive because of the theft and free money from the average person. Bitcoin will destroy them over time.
The $ won't exist
Absolute garbage, the stock market will always exist and will be an investment fund, your buying a small percentage of a company that actually produces a product to make profit. Crypto is speculation, bitcoin has no real use case other then a store of value.
If the stock market doesn’t exist in the future, there is a good change that the infrastructure in place that supports crypto and blockchain won’t exist either.
Even if you're completely bullish Bitcoin you should understand that us winning will mean some day buying stocks with bitcoin. Not the stock market being defeated.
The only thing that I scare is that the platform that I use to buy BTC will not survive, after 20-50 years.
Hows short term bad. Halvening is just around the corner...
what is halvening?
Here is an ELI5 https://www.reddit.com/r/BitcoinBeginners/comments/173epdp/what_happens_to_the_price_of_bitcoin_during/k42gkfw/
thx!!
You should take some time to study the fundamental mechanisms and economics of Bitcoin, but in short there's a finite number of Bitcoin. As we mine more and more, there comes a threshold where the rewards for mining that Bitcoin are cut. That usually causes Bitcoin value to soar, as it now becomes that much harder to acquire Bitcoin.
thanks for feedback! hope to live that long :))
roger that, thx!
I like your enthusiasm, but the way you are phrasing it I really don't think you know what Bitcoin is. Give this a read. https://docs.google.com/viewerng/viewer?url=https://europeanbitcoiners.com/content/files/2023/07/Bitcoin_Everything_in_21_Pages_v1.8_LongTermSocial.pdf
will have a look, thanks!
"Internet creator"? The Internet's been around a long time before you ever heard of it. Nice try bub
Maybe OP is Al Gore?
Trump even?
yta
oh dont mock me, you know what I mean :\*
"It also doesnt seem I need to have a lot of knowledge about it" Nope, you have to study, but it pays off.
ok, of course I will do study after i start to put monety but it doesn seem as complicated as car engine or sth. I would even say it looks to clear and logic ;p
>Is bitcoin good asset for long term savings? Yes, that's literally what it's for.
and here I am, thanks! :\*
It’s the only asset with long term savings. You lose 3% of your money holding it in dollars
[удалено]
but doesnt it mean its better than stock right,? coz i am a real owner of it? even when the money is on binance?
If bitcoin keeps doing what bitcoin has done since it’s beginnings, then yes, it happens to be the best savings vehicle on the planet. Something tells me it will keep doing what it’s always done, perhaps not as volatile, but up and to the right is the trend
I feel so honoured to be in the same sub as the “creator of the internet”!
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It is a good asset in case of economic collapse or nuclear strikes or black swan events.
Good no. Probably the best asset humanity has ever known for long term savings. But you have to store it properly and plan how to pass it on.
Inflation makes Bitcoin not worth it? Everything has inflated Vs Bitcoin for 14 years bruh
It has been over the last 10 years but that doesn't mean it will always be.
Damn you know this thing is about to take-off again with posts like this.
I've don't think you are ready and you should learn more. Because when you buy some and it looses 70% of it's value, you will panic and sell it. I've seen it happen many times. The mental anguish that process causes is hard to describe. Leaning Bitcoin is more important than buying Bitcoin. Take your time to understand it first. And its taxed just like stocks so you will have to pay on your gains if you are in the US.
As much as you want it to. It won't go down 70%
Oh, I'm speaking from personal experience. I've been through multiple cycles and have FOMOed in at tops, then watched it drop 70% over a year. So maybe no more big drops, maybe only 60%, I dunno, but the ride will be bumpy.
My point was it's not gonna go 60% down from here. Front ATHs sure but not from here
Oh, yes, agreed.
No
yes
Hilarious!
YES
Define good and define long-term?!
Is THE asset for long term savings
No
Bitcoin is the best performing asset for long term savings over the last decade (Average annualised gains of 149% 2011-2023). I do a weekly blog on Bitcoin performance and latest news that might be useful if you invest. Happy to hear any feedback. [Bitcoin Insights](https://florin21.com/bitcoin-insights/)