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Bitcoin Derangement Syndrome (Dave Ramsey)

DerekJohnsonDerekJohnson Administrator, Swaye's Wigwam Posts: 57,598
Founders Club Solar Eclipse Donator Ancient Membership 10,000 Awesomes
in Tug Tavern
https://www.youtube.com/watch?v=_aC7b2InfiU
RoadTrip
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  • RoadTripRoadTrip Member, Swaye's Wigwam Posts: 6,805
    Founders Club Eighth Anniversary 2,500 Up Votes 2,500 Awesomes
    edited November 14
    Surprised your Bitcoin posts don't get more attention. I was too poor (really just chicken and lazy to learn how) to buy BC at $10, 75 etc and finally pulled the trigger at $50k and am now kicking myself I didn't buy more at $26k. Shoot it's most likely still a good buy at $36k today. Once the Blackrock ETF is approved, the price could see all time highs above $60k again.
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  • El_KEl_K Member, Swaye's Wigwam Posts: 1,047
    Swaye's Wigwam Seventh Anniversary 1,000 Awesomes 250 Answers
    I finally got back into my Coinbase account and noticed it was up $200 from the last time I logged in which was well over 18 months ago. Nice knowing I have a little $550 nest egg in AVAX sitting there.

    Now just need SHIB to go to the moon!
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  • BleachedAnusDawgBleachedAnusDawg Member Posts: 9,620
    10,000 Awesomes 5,000 Up Votes 5000 Comments Sixth Anniversary
    Can I buy food with Bitcoin? No? I can't see why anybody would doubt it...

    If shit goes to hell and there's no food on the shelf, Bitcoin will be the most useless currency of them all. Tangible things, like gold and bullets, are going to be much more valuable.

    No government will ever allow Bitcoin to become currency.
    Goduckies
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  • RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 97,481
    Swaye's Wigwam Tenth Anniversary 50000 Comments 10,000 Awesomes
    BleachedAnusDawg said:

    Can I buy food with Bitcoin? No? I can't see why anybody would doubt it...

    If shit goes to hell and there's no food on the shelf, Bitcoin will be the most useless currency of them all. Tangible things, like gold and bullets, are going to be much more valuable.

    No government will ever allow Bitcoin to become currency.

    Food and guns podcast

    2 people want into your survival shelter. One has gold, the other food and guns

    Not a hard choice who gets in
    jecornel
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  • BleachedAnusDawgBleachedAnusDawg Member Posts: 9,620
    10,000 Awesomes 5,000 Up Votes 5000 Comments Sixth Anniversary
    RaceBannon said:

    BleachedAnusDawg said:

    Can I buy food with Bitcoin? No? I can't see why anybody would doubt it...

    If shit goes to hell and there's no food on the shelf, Bitcoin will be the most useless currency of them all. Tangible things, like gold and bullets, are going to be much more valuable.

    No government will ever allow Bitcoin to become currency.

    Food and guns podcast

    2 people want into your survival shelter. One has gold, the other food and guns

    Not a hard choice who gets in
    For sure, food and guns are most valuable in a total survival scenario. Gold does also have value for plebes who will need to buy gruel from Elon, though.
    UW_Doog_Bot
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  • PurpleThrobberPurpleThrobber Member Posts: 41,081
    Tenth Anniversary 10,000 Awesomes 10,000 Up Votes 25000 Comments
    We're all pretty well fucked in a guns and food scenario.
    jecornelUW_Doog_Bot
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  • SledogSledog Member Posts: 29,390
    10,000 Awesomes 25000 Comments 5,000 Up Votes Eighth Anniversary
    PurpleThrobber said:

    We're all pretty well fucked in a guns and food scenario.

    Guns, food and ammo are american staples. Get to work!
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  • greenbloodgreenblood Member Posts: 14,216
    Tenth Anniversary 10,000 Awesomes 10,000 Up Votes 10000 Comments
    I think once the ETFs get approved, crypto is going to tank. These large banks like Blackrock will oppo the trade and short the shit out of it and use their leverage to suppress the price.
    Goduckies
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  • PurpleThrobberPurpleThrobber Member Posts: 41,081
    Tenth Anniversary 10,000 Awesomes 10,000 Up Votes 25000 Comments
    greenblood said:

    I think once the ETFs get approved, crypto is going to tank. These large banks like Blackrock will oppo the trade and short the shit out of it and use their leverage to suppress the price.

    Not gonna matter. We’ll have our social credit score spending limit and be happy about it

    Most of us will be lucky to afford bread and water.

    greenblood
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  • SkipBoydSkipBoyd Member Posts: 338
    250 Answers 250 Up Votes Fourth Anniversary 250 Awesomes
    Sledog said:

    PurpleThrobber said:

    We're all pretty well fucked in a guns and food scenario.

    Guns, food and ammo are american staples. Get to work!
    If you have guns and ammo, you have food.
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  • Fenderbender123Fenderbender123 Member Posts: 2,744
    Ninth Anniversary 5,000 Awesomes 2,500 Up Votes 2500 Comments
    I don't have any guns or food stored away. I have a guitar, though, which could be used as firewood.
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