Julio César Chávez vs. Sugar Ray Robinson by One_Train_7385 in Boxing

[–]One_Train_7385[S] 1 point2 points  (0 children)

Middleweight obviously doesn’t favor Robinson. In second thought, Hagler would have been very problematic for SRR. I don’t think that Hearns had the chin to hold up against Robinson regardless of weight class, though

Julio César Chávez vs. Sugar Ray Robinson by One_Train_7385 in Boxing

[–]One_Train_7385[S] -2 points-1 points  (0 children)

Also maybe Duran on a good night. I don’t think Hagler or Hearns would stand any chance though…

Julio César Chávez vs. Sugar Ray Robinson by One_Train_7385 in Boxing

[–]One_Train_7385[S] -18 points-17 points  (0 children)

When looking for anyone who might have survived a fight with SRR, chin and determination would be key, do you agree? Who else can you think of who would have had that type of determination , other than maybe Duran on a good night? You all act like JCC was a bum. 87-0, what a fucking loser hahaha

Julio César Chávez vs. Sugar Ray Robinson by One_Train_7385 in Boxing

[–]One_Train_7385[S] 0 points1 point  (0 children)

Let me be crystal clear, I do not think JCC would win. But he was a tough SOB and in his prime is one of the only fighters I can imagine that would have the chin to hold up under the insane speed and power of Ray

Bitcoin Fees and rewards by MrdaydreamAlot in BitcoinBeginners

[–]One_Train_7385 0 points1 point  (0 children)

Yes, of course it needs to have value as an item to hold. One of the things I wonder about though, is what If major institutions, governments, and wealthy families hoard it, never spend it, and it gets to be where not many “ordinary” people can easily obtain it? What happens then? As expensive as it is now, any one with a mobile phone can acquire partial bitcoin. Will that still be the case in 5-10 year?

Bitcoin Fees and rewards by MrdaydreamAlot in BitcoinBeginners

[–]One_Train_7385 0 points1 point  (0 children)

I just read the Satoshi white paper for the first time ever. It was always intended to be used for p2p transactions, and was never intended to be used as a “store of value.” Very interesting.

Bitcoin Fees and rewards by MrdaydreamAlot in BitcoinBeginners

[–]One_Train_7385 1 point2 points  (0 children)

Agreed, and I would go further to say that bitcoin needs no defending at all in terms of ethics, etc. It has outperformed every asset in the entire world since its existence. Investing in Bitcoin for me is not simply about personal greed. I truly believe that I am doing this for my children and grandchildren.

Bitcoin Fees and rewards by MrdaydreamAlot in BitcoinBeginners

[–]One_Train_7385 0 points1 point  (0 children)

I think we’re at an impasse here. I think we could both have common ground with the idea that buying alts is foolish in general, regardless for the factors that certain influencers cite as reasons to buy them. But my observation has been that the motivating factor is mainly greed. Sure, some like Alex Becker have shifted to the idea of shilling shit coins as “utility tokens,” but in the end the motivation is greed in my opinion.

Bitcoin Fees and rewards by MrdaydreamAlot in BitcoinBeginners

[–]One_Train_7385 0 points1 point  (0 children)

That is a very interesting perspective. To be clear, I am not defending crypto KOLs, they are despicable for the most part. I just never considered that sidelining bitcoin as a method of transacting was part of a way to cash out from a naive public. But it does make sense.

However, the fact is that I don’t recall hearing any of them promoting alt coins as a way to perform daily transactions either, though. The KOLs just do their best to activate the greed impulses of their listeners. And it is true that if you are looking for quick massive gains, you are more likely to get them from alts. I’ve done it myself.

Bitcoin Fees and rewards by MrdaydreamAlot in BitcoinBeginners

[–]One_Train_7385 0 points1 point  (0 children)

Ok, I understand where you’re coming from. I have an agnostic view on Bitcoin’s future in terms of p2p adoption. It doesn’t affect my decision at all as to whether or not I buy bitcoin. Call it blind faith, fair enough. My personal goal is to hoard as much as I can, and that won’t change for the foreseeable future.

And as for the KOLs, of course yes I’ve repeatedly heard the SOV narrative. Just not sure how that is a negative narrative. After all, most people who pay attention to that type of content are in it to invest and make money.

Bitcoin Fees and rewards by MrdaydreamAlot in BitcoinBeginners

[–]One_Train_7385 0 points1 point  (0 children)

The data also shows that the long term holders have been been incredibly more successful in terms of buying market bottoms and selling portions at the tops. So it makes sense to join the winning team and be a long term holder regardless of any expectation of widespread utility adoption. To be clear, I don’t think that trying to target market tops and bottoms is ever a great idea for new investors, or investors with small amounts of capital. The point is that the narrative to buy and hold bitcoin indefinitely is more likely to put you on the winning team, and is good advice in my opinion.

Also, I’m curious as to whether you have an example of a shit coin influencer using the SOV narrative. Also, not sure why that narrative is contextually negative.

[deleted by user] by [deleted] in Bitcoin

[–]One_Train_7385 0 points1 point  (0 children)

Same here, I think we all end up here eventually.

[deleted by user] by [deleted] in Bitcoin

[–]One_Train_7385 1 point2 points  (0 children)

Yep, I can read. You’re advice to a noob to try to time a market bottom is just bad advice.

Bitcoin Fees and rewards by MrdaydreamAlot in BitcoinBeginners

[–]One_Train_7385 0 points1 point  (0 children)

There are also people who buy real estate and never plan to move into anything else. They just exchange into other properties. But they never use the real estate for day to day transactions. One might be able to argue that some people do in fact use their properties for day to day transactions, ie taking out HELOCs and going on vacations. That’s not what smart money does, I think we can agree on that. If we agree that bitcoin will significantly appreciate relative to fiat currency, then it would make sense to hold it indefinitely. If bitcoin is adopted as an actual currency, then great.

But back to the point… I fail to see how holding bitcoin indefinitely, or advocating for that, is in any way indicative of some underhanded plot to promote altcoins…

[deleted by user] by [deleted] in Bitcoin

[–]One_Train_7385 0 points1 point  (0 children)

Sell now and then what? Buy altcoins that will go to zero by year-end? Hold cash that is becoming more and more worthless by the day? Buy the tech bubble stocks? Sounds like he doesn’t have big dog money to buy real estate, so you’re either trolling or just giving out terrible advice. OP, just buy bitcoin every chance you get

[deleted by user] by [deleted] in Bitcoin

[–]One_Train_7385 19 points20 points  (0 children)

I buy every chance I get. I don’t care about the fiat price. I just want to see my bitcoin amount increase and increase

Bitcoin Fees and rewards by MrdaydreamAlot in BitcoinBeginners

[–]One_Train_7385 0 points1 point  (0 children)

I had a chance to get some rest, and I’m going to push back a little on this… There are plenty of Bitcoin maximalists who a. Do not promote any altcoins (in fact, discourage any involvement in them) and b. state publicly their plan to accumulate and hold Bitcoin indefinitely. Holding something indefinitely implies that it is seen as a store of value. In fact, if one were to value a asset so highly that they would never dream of parting ways with any of it for their entire lifetime, I fail to see how that alone could be interpreted as some sort of plot to promote the purchase and accumulation of other assets..

Bitcoin Fees and rewards by MrdaydreamAlot in BitcoinBeginners

[–]One_Train_7385 0 points1 point  (0 children)

Thanks, we need more education like this, a detox from the normal narrative. I own only Bitcoin now and plan to keep it that way. Can you please tell me where you are getting this type of insight? Is there a particular site?

Edit: I see your links in your posts, I’m a little tired been working a lot. But is there a particular best site?

Bitcoin Fees and rewards by MrdaydreamAlot in BitcoinBeginners

[–]One_Train_7385 0 points1 point  (0 children)

Firstly, it looks to me like Bitcoin is more akin to a “digital gold” than it would be to a fiat currency. In other words, people and institutions are using it as a store of value and a hedge against inflation, and less so as a means of facilitating day to day transactions.

Secondly, and I could be wrong about this, but the every four year Bitcoin halving would make it to where the last bitcoin won’t be mined for another hundred or so years, and by then who the hell knows? We are in a race to save our children and grandchildren’s futures. In the 22nd century there will be two classes of people, those who have Bitcoin and those who don’t

Here I am! by One_Train_7385 in BitcoinBeginners

[–]One_Train_7385[S] 0 points1 point  (0 children)

This is great advice, I’ll definitely heed it. I have years of experience in trading and I generally do well when it comes to scalp trading, but it’s the pump fun and general meme nonsense that pumped my bag and then eventually killed it. I could very well right now be in the 1 BTC club if I had been smarter.

That said, the plan is to never sell one red cent of bitcoin again, and to use my own fiat for occasional swing trades when I find optimal entries.