Post bantz with no-coiners at thanksgiving

I only got a couple

> bitcoin has a high price but not a high value
> bitcoin takes so much energy to use you could heat a house for the amount to use 1 coin.
> wherever it ends up in 5 years I still stand by what I say.

Pour unrelated

Just people so brainwashed they don’t understand what money really is; information.

I actually had some good talks. Everyone seemed kinda jealous that I bought bitcoin at $600. The key is to be honest about the extreme volatility and hate on bitcoin because you honestly believe it's terrible. Bitcoin sucks. My mom was actually very interested to hear about things like ripple, link, and eth and how they might change the way banks and businesses operate. It's also important to never talk about it unless you're asked, and even if they ask once just answer and then stop talking about it until they ask again. No one likes someone who constantly talks about anything.

Brainwashed yes, but this was from very smart guys. Just too much conditioning I suppose.

>bitcoin has a high price but not a high value
That's not too far off, though. As a digital currency, it's fucking worthless. It can't even handle the transaction volume of a medium-sized walmart. So people are just buying it in order to sell it later at a higher price, no one is actually buying bitcoin to use bitcoin, they're just buying bitcoin to sell bitcoin.

This price growth with that kind of mania where no one even knows what the fuck they're buying? It's not sustainable. Anyone who has even an elementary understanding of markets and economics knows this. But I always forget, most of you are underage idealists full of angst and edginess.

Those things are correct though.

Nick Gogerty’s Theory of Value is enlightening read. Changed my understanding of money completely.

It's a fair point but then again markets are irrational. The same can be said for gold and it's not going anywhere. I do expect btc to stable off and have a bear market for a while.

My uncle said OJ was innocent

>i ate a hungryman tv dinner by myself
HAHA NOCOINS BTFO!!