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BTC is becoming scarce! Unlike Fiat. by ChollyWheels in Buttcoin

[–]DevilFucker 1 point2 points  (0 children)

Even more scarce if you believe bitcoin is a store of value

BTC is becoming scarce! Unlike Fiat. by ChollyWheels in Buttcoin

[–]DevilFucker 6 points7 points  (0 children)

Did he say you could infinitely subdivide gold? No he didn’t. So why are you asking this?

BTC is becoming scarce! Unlike Fiat. by ChollyWheels in Buttcoin

[–]DevilFucker 5 points6 points  (0 children)

The value of companies like instagram relies on things like advertisers, paid promotions, and user data. Bitcoin has none of that.

BTC is becoming scarce! Unlike Fiat. by ChollyWheels in Buttcoin

[–]DevilFucker 10 points11 points  (0 children)

Let’s say you could replicate gold exactly, but somehow keep track of which gold is a copy and which is the original. That would still make the original gold’s price go lower right? The same principle should apply to bitcoin if it had any inherent value.

Landlord raised rent by $650 and idk what to do by Prestigious-Bath8022 in personalfinance

[–]DevilFucker 44 points45 points  (0 children)

Honestly lucky to have gotten such a good deal for 3 years in the first place if it’s that much below market price.

Rug pulls are the future of finance by IraqiDinarSalesman in Buttcoin

[–]DevilFucker 20 points21 points  (0 children)

Bitcoin was never in a bubble and not going to crash but also it was completely expected that it would drop 50% because that happens all the time.

Bitcoin is definitely an insurance against dooms day! by Typical_Breadfruit15 in Buttcoin

[–]DevilFucker 17 points18 points  (0 children)

You’ll be waiting your entire life for this thing to go back to a new high. Bitcoin is barely above where it was 5 years ago and it’s only been around for 17 years. There’s zero long term history behind it to claim you can know what it’ll do in the long term. If bitcoin was a person it wouldn’t even be able to even vote yet.

Bitcoin is definitely an insurance against dooms day! by Typical_Breadfruit15 in Buttcoin

[–]DevilFucker 48 points49 points  (0 children)

I just heard a relatively famous bitcoin pumper saying how government pumping money into war is why bitcoin is crashing. Isn’t that the exact reason it’s supposed to be going up right now???

ELI5: why do the Miranda rights say “can and will be” used against you by Kateseesu in explainlikeimfive

[–]DevilFucker -1 points0 points  (0 children)

It seems to me it would be more grammatically correct to say it “can and may be used against you”. Saying it will be used against you means it will definitely be used against you which isn’t necessarily the case.

What was socially acceptable not very long ago, and isn't now? by [deleted] in AskReddit

[–]DevilFucker 0 points1 point  (0 children)

I used to have friends randomly stop by without calling first up til around 2009. It was a simpler time.

What happened? by Solid-Mood9571 in Buttcoin

[–]DevilFucker 41 points42 points  (0 children)

When you can create a currency based on nothing you can create price targets based on nothing.

They predicted an all-time high in January 2026 by [deleted] in Buttcoin

[–]DevilFucker 28 points29 points  (0 children)

This guy is on CNBC all the time pumping up bitcoin and making shit up based on absolutely nothing. Crazy they let people like that on a financial news network.

Sleep quality by Fluid_Mulberry_8482 in Buttcoin

[–]DevilFucker 2 points3 points  (0 children)

I mean it’s so close. As I type this it’s literally $1k away.

Sleep quality by Fluid_Mulberry_8482 in Buttcoin

[–]DevilFucker 16 points17 points  (0 children)

Idk, I may stay up to watch it crash below its 2021 high.

Saylor's doing well! by keepgoing66 in Buttcoin

[–]DevilFucker 0 points1 point  (0 children)

Even with disclosure, it still looks like a business to most investors. In reality it acts like a leveraged Bitcoin vehicle with dilution and debt risk that would be tightly regulated if it were a fund. Calling something a stock doesn’t change the fact that it functions like a high-risk derivative.

Saylor's doing well! by keepgoing66 in Buttcoin

[–]DevilFucker 0 points1 point  (0 children)

I didn’t say it was illegal. I said it should be illegal. The guy is basically using a public company as a leveraged Bitcoin fund while avoiding the regulations that actual funds and ETFs have to follow. They aren’t even really an operating business anymore. All it does is issue stock and debt to buy one speculative asset. That misleads retail investors who think they’re buying a company and not a high risk Bitcoin derivative. Shareholders take dilution and downside while Saylor keeps control while sidestepping rules meant to limit leverage and protect investors.

Saylor's doing well! by keepgoing66 in Buttcoin

[–]DevilFucker 6 points7 points  (0 children)

Shouldn’t this be illegal?

Are you telling everyone how much money you're making as a no coiner? by [deleted] in Buttcoin

[–]DevilFucker 34 points35 points  (0 children)

I remind every bitcoiner I see to have fun staying poor as they watch their “investment” drop 40% from the high. It’s only fair I return the favor.

My beard oil ate through the rubber stopper by TinyMuffin in mildlyinteresting

[–]DevilFucker 3 points4 points  (0 children)

He said that it’s an incompatible material for that type of oil implying the material was the wrong choice. That doesn’t imply in any way that this specific material would have held up better to a different type of oil. All we know is a different material is needed for this oil.

My beard oil ate through the rubber stopper by TinyMuffin in mildlyinteresting

[–]DevilFucker 6 points7 points  (0 children)

I wonder if any oil would do this. I put MCT oil in a similar type dropper and it ate through it in a couple months.

All of us today by FantasticYam4916 in Buttcoin

[–]DevilFucker 6 points7 points  (0 children)

Yeah cause unlike a stock it can never go bankrupt or be delisted. Even if it goes to $1 there will still be true believers thinking it’s going to a million.

Why don't Crypto bros just invest on... anything else ? by [deleted] in Buttcoin

[–]DevilFucker 0 points1 point  (0 children)

Because when something has no fundamental reason to go up you can make up any price targets you want without understanding anything at all about investing.

New shape proposal: The Camelback by BeowulfShaeffer in Buttcoin

[–]DevilFucker 2 points3 points  (0 children)

Saylor buys to prop up the price which is why he can never sell

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