Re:El Salvador abandons Bitcoin as legal tender after failed...
by nunobrito on Tuesday February 04, 2025 @03:16AM
(#42929589)
That is not a currency in the same manner that gold isn't a currency or barrels of oil isn't either. Or in other words, you don't use for buying a coffee or grocery.
Sure that you can always point some exotic and rare exceptions to prove differently but even yourself don't use it on normal daily financial operations, and no, Lightning isn't even bitcoin so please don't argue with that.
There are more things backing up the value rise for that old tech. Just please diversify into other areas so you don't come out empty handed in some years from now.
Re:El Salvador abandons Bitcoin as legal tender after failed...
by miningape on Tuesday February 04, 2025 @04:11AM
(#42930075)
As we all know, past results ARE an indicator of future performance
Re:El Salvador abandons Bitcoin as legal tender after failed...
by johnnyanmac on Tuesday February 04, 2025 @03:32AM
(#42929741)
>I dont know what the future hodls but it’s looking pretty good for bitcoin so far
The future always looks good right before a crash. You really don't want a currency as unstable as bitcoin as your legal ledger. we would have had 2 crashes already in this decade alone: the obvious 2020 dip and the dip in 2023.
All the DOGE/Trump shennaigans + the investigation on the Hawk Tuah coin will probably crash it again late this year.
Re:El Salvador abandons Bitcoin as legal tender after failed...
by Applejinx on Tuesday February 04, 2025 @04:17AM
(#42930115)
I don't think DOGE/Trump are real bitcoin advocates. I think they're using it as a financial weapon to exploit its vulnerability to crash and break things they don't want to exist.
Re:El Salvador abandons Bitcoin as legal tender after failed...
by red-iron-pine on Tuesday February 04, 2025 @08:52AM
(#42932327)
"the lightbulb is always brightest right before it burns out"
Re:El Salvador abandons Bitcoin as legal tender after failed...
by robertlagrant on Tuesday February 04, 2025 @11:15AM
(#42934313)
> I dont know what the future hodls
I see you.
I dont know what the future hodls but it’s looking pretty good for bitcoin so far