Comments by 2LeggedChair

Did FTS seriously say diversification is for idiots wtf lol. This is financial advice; please please please be well diversified. Again this is absolutely financial advice.

There actually isn't 2 trillion dollars invested in bitcoin. You reached this number by multiplying the number of bitcoin in circulation by its current price. This is referred to as market cap. To get the amount of dollars invested into bitcoin you'd have to take the price the bitcoin was sold at during the time of mining/or its last sale, which is significantly lower than 2 trillion dollars. Let me know if you have any other questions!

An opinion peice on the Sydney Morning Herald? (SMH) When has an Aussie opinion piece ever been relevant to anything? The piece is pretty poorly written too by the way, not sure if you read it or just glanced at the article name. The only links you've sent are losers who are desperately trying to stay relevant by sticking to the flavor of the month, just like $STI (LOL) which is down 95% on the year or a poor quality Aussie news source SMH. PS. Did you not realize the stock you listed was STI and the news source you listed was SMH? I feel like you're just playing a parody of a bitcoin cultist and setting us up for these jokes. STI SMH

The strip club is the ultimate your mileage may vary hobby. Maybe she is madly in love with you. Maybe you're Nicolette in disguise. Maybe you're a troll with nothing else to do. We can only share info we've experienced, and I have not had good interactions with Nicolette.

Still has no viable uses. It is being price manipulated to hell, stay away.

Drunk dude with a sober guy, any time a dancer talked to them the drunk dude kept asking really load for a threeway with him sober dude and the dancer. Every girl kept respectfully declining til Nilah came over. Drunk dude; "Hey how much for you me and my friend go to a hotel to have a threeway" Nilah: "I'll do it for free if we do a vip and I watch you and your friend lick eachothers buttholes" Drunk dude; ok deal 15 or 30 minutes? Sober guy: what the fuck absolutely not! To this day the funniest interaction I've heard in the club.

Its already pretty well known if you read reviews.

If its the same two dancers I'm thinking of, good riddance. I thought most likely they left for Rick's because the scammed everyone they could at Desires.

I could say the same thing regarding your faith in bitcoin. Bitcoin was released in 2009 and it still isn't feasible for use for the average consumer to use it since there's so many faster cheaper and safer options. Price movements are pure speculation. I wish you the best of luck as well, have fun out there!

The first twitter dude Ekasi you listed tweeted that 2 years ago,and if you look at the screens the fees are pretty massive, even 3 cents for an average Nigerian for one transaction is huge per the math I listed above. I feel like they actually help my case oddly enough. Combine it with the fact that you'd need internet and a smart phone, which 27% of Nigerians have. That stock you listed (ticker $STI on the NY exchange LOL) is down 96% in the last year. The nano thing is a chinese b2b company which again would have zero uses for the consumer. Its been 15 years since bitcoin was introduced to the world and still no uses! The links you posted further proof how niche and limited it is. These aren't hard hitting major companies they're companies grasping for survival. The average person has no uses for bitcoin.

Their Instagram is still active telling people to come in as of today.

Whether or not bitcoin tanks is irrelevant. It has zero uses 15 years after invention. I'm ready to call it a useless technology held up purely by speculation.

The minute details are very important, especially when talking financial policies! I know that saving any sort of salary for a Nigerian worker is completely impossible, hell do you think an American worker making 50k can save 25k? It's easy to type out but it's just not feasible. Combine it with the fact this Nigerian would need a device plus internet capable of using LN and buying bitcoin. They'd also need a bank to connect a bank account and deposit money to buy the bitcoin. Its just a silly thought to say an average Nigerian can even save 6 months salary or have the capabilities to use LN with their infrastructure.

Using your own figures you just listed let's do some math. The average monthly wage in Nigeria (using Nigeria as an example because you mentioned Africa using bitcoin to free itself of French influence) is the equivalent to $43.19 USD. Assuming they have 40(low estimate) transactions a month they would pay 40 cents a month in LN fees. That proportionally is the equivalent of someone making 50k USD in America paying $463 a year in transaction fees. Using your own examples bitcoin is absolutely not cheap.

Those digital dollars are cheap safe and fast to use with existing infrastructure with the full backing of the greatest country in history. Bitcoin falls short on the cheap safe and fast part.

Do not invest in bitcoin unless your networth is above 250k. If you do want to invest in it keep your position in it below 1% your networth, although I recommend staying away from it due to no use cases even after more than a decade since invention. This is financial advice.

People in third world countries are spending all of their money as soon as they get it. Any compensation they would receive in bitcoin would be adjusted for the fact that bitcoin's price fluctuates. Ironically due to that reason bitcoin increasing in value has little benefit to them, but wealthy westerners do get alot of benefits from it. I do think you're deluded in thinking bitcoin is good for third world countries for the reasons I listed above.

I'm an American i have access to cheap quick payment services so I have zero reason to adopt bitcoin. I do feel bad for those people in other countries who use bitcoin, they'd be much better off using traditional payment methods. I looked up a transaction fee for bitcoin and its at $2.77. The lightning network fee now is 4 cents but its volatile and could go as high as a regular bitcoin transaction. I feel so sorry for those using it (if they actually are i would assume most people in third world countries couldn't stomach those high fees) i do know bitcoin marketers have a habit of stretching the truth.

All this yapping and bitcoin still has no uses. The only one you listed is defunct and has been since 2018. The price is from pure speculation and a talented although unscrupulous marketing campaign. Once (if) people start using bitcoin for its intended purpose they will see how deeply flawed the technology is and abandon it.

I didn't want to mention LN due to fear of getting too technical, but for those who don't know what it is its been around for a pretty long time and its fee structure is still many times more expensive than traditional banking. https://www.investopedia.com/tech/bitcoin-lightning-network-problems/ "When the Lightning Network was integrated in 2018, expectations for reduced costs and faster transactions were high among users—but as the graph below shows, average Bitcoin transaction fees increased." Direct quote from the article. I was also in the space when it happened.

Your use case is just use it as a currency? The blockchain can't handle all the transactions to be used as the world's currency. Plus the associated fee for the sender makes using the traditional financial system much better. The technology is terrible.

I guess it's smart to ignore my question for a use case when there is none and just focus on the price where you think it benefits you. But there's been bubbles before; South sea company, tulip mania, beanie babies. Focus on use cases which bitcoin has none which is why bitcoin cultists ignore that question.

For the record the stock market would go up if 40 trillion in reparations were paid.

Instead of calling me wrong and leaving it at that, name a use case that I personally would care about? No one cares about the technology they just care about they can do with it. Which is nothing.

Price doesn't matter, focus on use cases. Bitcoin has zero use cases. Price action is based purely on speculation, not utility.