“If you buy something like Bitcoin or some cryptocurrency, you don’t have anything that is producing anything. You’re just hoping the next guy pays more. And you only feel you’ll find the next guy to pay more if he thinks he’s going to find someone that’s going to pay more.” – One of Warren Buffett’s characteristically negative cryptocurrency quotes
In 2010, a Florida man paid 10,000 Bitcoins for two pizzas from a local delivery joint. As of mid-September, 2021, those pizzas would cost the equivalent of $4.8 billion. That’s roughly the gross domestic product of Montenegro.
Yikes.
The establishment still looks down on cryptocurrency as some sort of goofy novelty that will eventually run its course. They might point out that some unseemly people helped to give crypto its start, or that its technology makes it inaccessible to many investors. (We don’t doubt that Buffett’s disdain for crypto stems at least in part from his advanced age. Anyone who has tried teaching a nonagenarian how to use a remote control would rather jump off a cliff than explain blockchain to one. They’d probably land next to the body of the guy who dropped 10,000 Bitcoins on pizza).
For all its blessings, crypto is not for the weak of heart. If the average schlub lost 30% of his portfolio in a single day, he too would join the pizza guy’s cliffside cadaver. But fortune favors the bold, and in crypto’s case so does time. Tuck a little more of your dough into crypto every day, and soon you might be able to afford whatever Buffett rides around town in. (And I’m not talking about a hearse).
Cryptocurrency Quotes for Investors Who Don’t Need No Fed
- “The same people who thought Bitcoin at $100 was expensive, now think it is fairly valued at $30,000.” – J.R. Rim
- “Bitcoin is starting to resonate with the world. If you can pay attention, you can feel it.” – Tyler Winklevoss
- “Bitcoin is the most stellar and most useful system of mutual trust ever devised.” – Santosh Kalwar
READ MORE HERE
NEW DESIGN: BITCOIN PILLED
We remember a simpler time: when “cryptocurrency” only referred to the money you’d hide from your dad so he couldn’t spend it on Black Velvet, and if you heard your dad start playing his Roy Rogers records you knew to spend that night at the park. But now we have Curve, Convex, Tomb, Abracadabra and more. Better times!
CHECK OUT MORE PRODUCTS HERE
Colorful pills represent nearly every ideology people could espouse nowadays. Some are based. Some are cringe. It’s a tale as old as time.
But you? You are different. You appreciate that you can’t live a fulfilling life without some sort of ideology to underpin it. Yet you also appreciate that self-actualization isn’t achieved on an empty stomach. In less fruity language, you want to get filthy rich. You are officially out of the rat race as soon as you get to the cheddar, after all.
You are Bitcoin Pilled. You identified the world’s future financial reserve asset, and have committed yourself to amassing as much of it as possible.
That’s easier said than done, of course. You find yourself obsessing over graphs more than you would like. You often wish the risk/reward ratio were a little more skewed in your favor. And to make matters worse, you may soon have to start looking out for Senator Elizabeth Warren’s “anti-crypto army,” which would aim its bows and war clubs square at your hard-won investment.
But you interpret the elites’ animosity toward Bitcoin as a good thing. It’s a sign they’re afraid of being foiled. Their mission to own everything is very much fucked so long as a currency outside their control continues existing.
God bless your Bitcoin Pilled heart, and remember: we’re all going to make it, with the exception of those who are cringe.
2nd Amendment | Crypto Merch | Libertarian Clothing
“If you don’t love bitcoin, you’re an old fashioned, out of touch old person. But not you, you’re wise, you’re hip, you love bitcoin!”
Did I skip anything?
Bitcoin is an IC op, a technical test bed paving the way for acceptance of CBDC and “world money”. Other than its current acceptance level, there is nothing, not one single thing, unique about it. An infinite number of “digital currencies” could easily be created.
Fedcoin and CBDC’s announced AFTER bitcoin has been in the public realm
Created from nothing, backed by nothing, and always represented visually as a shiny golden physical coin.
My god, people are stupid. When CBDC is finally shoved down our collective throats, and absolute control of everything you buy and sell, and all transactions are instantly taxable (and taxed), we will have people like OP to thank for it. Remember that.
We’re ALL “criminals” now.
Hug the cactus.
Till the lights go out.
But the govt can’t get at your digital fiat. The truckers proved, oh wait…
Ummm, no. I STARTED my young pup days at GE Industrial, winding up surfing the 100 foot wave of incoming digital tech safely. Knowing “how to code” a digital control panel was just a pre-req for designing microwave ovens…
Bit coin AIN’T “safe’. Fiat “money” has reached the end of it’s logical application, that WAS the idea of the internet…
Now, we have to shelter in place in an aluminum tent as the wildfire rages outside.
Get over it….
The blobs of melted gold laying around will be spectacular once it runs out.
I have no idea what you just said. Do you?
Something about a melt down? lol!
The 10,000 bitcoin for the pizza was actually a tip, he paid for his pizza in dollars.
Good point. To give such an unusual tip, was the pizza delivered hot and on-time or cold and late? To accept this tip, was the driver a semi-moron delighted by any pat on the shoulder / muttered insult?
Something tells me this was tech bro pre-arranged mythology building for a speculative instrument created by still pseudonymous phantom, Satoshi X.
Somehow I missed how the article even just tried to refute Buffett’s quote.
Ha ha, true. The magic of self-limiting the pitch to an audience of rubes.
Fiat currency is bad, but not if it’s Bitcoin that’s totally fantastic is the usual nonsense spouted. Bitcoin isn’t backed by anything except the small group of people who give it value, same as the fiat US dollar.
Also the amnesia of people forgetting the collapse the Bitcoin in 2022 who are now saying it’s always been so stable, is staggering.
Even the shiny of bitcoin is fake.
What I find funny is the people believe that a fiat, that has zero material existence, is backed by zero material existence, is somehow worth more than a material thats been in existence and used as a means of currency for millennia.
But hey!! Its almost safe from govt hands.
It’s easy to see when people don’t know what they are talking about. Just read the comments section. diversify and buy some BTC and put it in a cold wallet, and tuck it away with your gold and silver. Those car things will never catch on. horses are best. the internet is a fad.
My bet, a fully vaxxed electric car owner with multiple wallets and coins?
It’s even easier to see when speculators want to acquire physically tangible wealth and must unload their wares onto the next sucker.
But, nah, Mr. Frustrated Anonymous, I’d rather just “let the wookie win” and convert a liquid bank account (needed for remitting their taxes and fees) into CBDC, while bitcoin transactors get pilloried for fraud, courtesy whatever edict, sending
Bvalue back to zero. Maybe less.“buy some BTC and put it in a cold wallet”
Horseshit by any other name; it’s digital fiat and has no real purpose outside of helping the IC track your finances…it’s not anonymous and therefore not secure. Honest assessment, let the fanboys start flaming.
bitcoin is most likely CIA developed and used by the same for laundering and to suck the masses in..
satoshi – From Japanese 中 meaning “enlightened”, “wise”, or “intelligent”
nakamoto – From Japanese 中 meaning “middle”, “base”, “root” or “central“.
They ALWAYS let on their plans. Release them from karma, cause WE TOLD YOU WHAT WERE GOING TO DO AND YOU DID NOTHING.
There is no fucking way that some dude would anonymously release this. derp.