The Soapbox

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What's this?

I have a friend, who is much smarter than me,

who was a very early investor in bitcoin back at ~$100. He ran a model based on the increasing cost to mine bitcoin over time and projected it would someday be worth six figures. I didn’t understand it at the time and passed on investing (kicks self) and I still don’t really understand it, but I think there’s more to bitcoin value than just the greater fool theory.

(In response to this post by CharlestonSC)

Posted: 03/27/2024 at 1:20PM

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Current Thread:

DJT with a $7.5 billion valuation, on $3.5 million in -- BocaHoo91 03/27/2024 11:38AM

Short it -- HoodatB 03/27/2024 2:15PM

And if Trump wins, this could be used to transfer fund to him, right? ** -- JohnHoo2 03/27/2024 2:47PM

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I put everything into Anacott Steel (link) -- stubbyhoo 03/27/2024 1:10PM

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This should be a debate topic. ** -- HoosWillWin 03/27/2024 1:53PM

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Is Donald Trump involved? ** -- wahoo138 03/27/2024 12:28PM

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A sucker is born …. ** -- WaxHoo 03/27/2024 11:55AM

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Very Stable Genius. ** -- Los Angeles Hoo 03/27/2024 11:44AM

Everything Dear Leader touches turns to gold! ** -- Hoodafan 03/27/2024 1:11PM

Hopefully it will be mandated to be in everyone's retirement portfolios. ** -- ryno hoo 03/27/2024 12:13PM

ESTG scores coming next. ** -- Hoodafan 03/27/2024 1:12PM

Sounds like a good executive order for the Dictator for a Day regime. ** -- Los Angeles Hoo 03/27/2024 12:25PM

He’s a genius grifter and con man. I’ll give him that. -- BocaHoo91 03/27/2024 11:56AM

I thought Bitcoin going to crash hard, but 10+ years later, it is still -- JohnHoo2 03/27/2024 12:02PM

Bitcoin isn't a company, though ... it's essentially a collectible IMO -- CharlestonSC 03/27/2024 12:29PM

I have a friend, who is much smarter than me, -- BocaHoo91 03/27/2024 1:20PM

I - somewhat - understand the theory here, but fundamentally everything -- CharlestonSC 03/27/2024 6:08PM

Yes... but in a way, isn't DJT's valuation propped up just because belief -- JohnHoo2 03/27/2024 12:38PM

Agreed. It very much is the same thing. -- CMUHoo 03/27/2024 12:59PM

That’s very different though ** -- BocaHoo91 03/27/2024 12:23PM

Build your own stock. ** -- ryno hoo 03/27/2024 11:43AM

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