Anyone here willing to explain their thesis on bitcoin? Thanks!

like
Posting as :
works at
You are currently posting as works at

My dumb guess
People growing up in the digital world see as much value in gold as they do in a digital version of it.
There is only x amount of Bitcoin. Each one that gets bought and lost/held is out of the market reducing the supply and therefor increasing prices

like

KPMG2, if that starts happening more and more people will be packing “that thing” on them. And the legal system will definitely come up with a viable solution to bolster people’s security.

"Btc price too high" Elon Musk

likefunny

Agree with principal 1, would just add, there is value in the technology. But that's not driving the value right now which is based on market forces, rather than the comparative value of Bitcoin (as a technology) to traditional currency. There may be some people buying it for that reason but that's not the market driver.

like

BITCOIN is the only asset that is truly finite. Elon is going to dig up gold in space.

like

A currency, whether gold, big huge rocks, tulips, or fiat, is only valid when a number of people are willing to use it as a thing of value to transact trade. With investment banks, company treasuries, governments and some employers buying in, cryptocurrencies seem to be reaching a widespread adoption that might tip them over the edge into just another currency option.

like

Nothing but hope.

Surplus money pumped into the system. More bulls case imo when the money multiplier increases back to pre covid level. Thinking back to hundreds of years ago, there were no industrial use of gold, it was viewed as money only because its durable, easy to divide and scarce. Bitcoin has all those so I can totally see why people would follow it. But ultimately i think surplus money is the deciding factor. Biggest risk to Bitcoin is obviously regulation or improved technology and calculation capacity that can decipher bitcoin’s calculation logic.

I don't really believe in it, but I think though other people do that it will continue to rise over the next few years. I have enough just enough invested they I won't lose sleep if it drops 80% but if it doubles I can finally splurge on a new ATV.

Related Posts

It always seemed like real estate was one of the safest things to invest in. Then the crash of ‘09 happened, and the market bounced back for a while. And now we’re in… whatever this is. It just seems surreal.

like

What would not having a second stimulus mean for stocks 6-12 months from now? I’m assuming it hurts stocks but increases the value of USD?

like

New Yorkers, need advice.


I have a student checking account with HSBC and it is now transferring its operations to Citizen bank.

I need to open a new bank account asap and am travelling for next 45 days. Would you recommend any bank and account type that can be opened up remotely? Have all the documents ready for upload.

Help needed asap!

like

Are y’all waiting to do a mega backdoor Roth to see what they do about build back better this year or just moving forward with it?

like

Hey beautiful people,
I’m 27Y and work in tech. Unfortunately my carpal tunnel is getting worst slowly. I’m worry that I still have like 45 years more to be retired and can’t stop working because I have a f* mortgage to pay 😭 I have a super ergonomic workstation, but I know my hand needs a long rest, and I can’t do it… Does anyone relate? What do you recommend?

like

Hear me out! I left my 15 year career in the corporate world to pursue being a realtor.1) It was never boring
2) It was the most challenging
3) It was extremely rewarding to be able to help families find their dream homes

like

How's Manor as a city in terms of buying a single-family home: school-wise, future price appreciation of houses etc ..?

like

Senior manager and associate partner at MBBKOW how comfortable are you in dubai? Can you afford a nice house, car and generally (within reason) not worry about money?

Assume wife works as manager in big 4 consulting

like

I bought a house in the suburbs of Chicago at the top of the market. I ended up moving out of state in 2017 and short-selling. I am now interviewing for a VP Accounting role with the mortgage company that got shafted by the short sale. If I get the job offer, can they/will they see this on my credit report? Can they pull the offer due to this? Should I tell them before we advance further?

like

I’m loyal to delta, but I’m moving to a city where American is the main hub and Delta has practically no non-stop flights to/from there. It’s time for me to open a new credit card, so I was considering the Citi/American one. Any thoughts?

like

Considering trading my no date pre-ceramic sub for a modern DJ. Thoughts?

Post Photo
like

How do I legally gets my hands on $100k that my future wife wishes to hand me over for investment purposes (she is outside the US). We won’t be marrying for another two years. Thank you!!

likefunny

Does anyone know how to declare in my individual tax return, RSA and Stock Options from a US Company that I have? Non exercised yet.

like

If I have a six year old and 150k in a 529, can I say I’m done?

like

I’ve been thinking about getting into real estate investing. Not right now but later down the road. I’ve been trying to save up for a down payment. What are some good resources for a beginner? Blogs, YouTube, books etc I’m not looking for paid courses because I will be learning at a slow pace. Any help will be appreciated.

like

Hi. Does anyone remember the provider of our 401k and wealthbuilder? Trying to rollover accounts but benefits express is closed!

My boyfriend and I make 200K combined and live in NJ. We have $1000 in monthly car payments combined. That’s all we owe. Our credit scores are in the 800s. We have 50K to put down on a home. We have done the math and I know we can afford much more but he doesn’t want to buy more than a 400K home. I’m almost positive we can afford 500K and be more than ok. But then he starts to talk about how much kids cost and how we will be house poor and we won’t be able to afford kids. 🤔 Am I insane??

like

Hi! I maxed out my Roth IRA this year.. recently changed jobs and it looks like I may just cross the income limit. What should I do?

I know my contribution but not sure of the dividend earned against this year's contributions. I have had the Roth for a few years now.

like

I'm a long time user of mvelopes budgeting software, and we just got a notice that they're shutting the platform down at the end of the year.

Looking for a recommendation for an "envelope based" replacement. They suggested Every Dollar, but it doesn't handle credit cards well.

like

Hi fishes, I have only one house property. But when I tried selecting ITR-1 for filing income tax, it shows a message in red mentioning I should select either ITR-2 or 3 since I have income from more than 1 house property. Should I go ahead and file with ITR-1 or do I need to get correction somewhere before filing the return?

like

More Posts

Account management role at Google or product management role at Facebook? (Entry level)

like

Hi Everyone Looking for Job change .
Need your referance.

like

I make $100K with 12% bonus and was offered a role $130k with 15-20% bonus. 4YOE in provider industry.

I am in a comfortable spot with a good team but the work is dull, new role would be consulting with more work & travel

I would appreciate pros/cons etc! Thank you.

like
like

Hi fishes,

I'm looking for job switch in Manual testing role.Kindly refer my profile if your organization has any openings.
Thanks in advance.
Skill set-manual testing,functional testing,SQL
YOE- 5 years
LWD- 14/01/2023

I found out a soon to be 2nd year associate got a 10k raise making his salary 110k now, while I, the soon to be 3rd year associate got a 2k raise making my salary 107k. So now the 2nd year male associate is making more money than me. How do I bring this up to the partners?

like

Help me to get a job as a 3D Artist

like

What will be the in hand salary for 19 LPA , 17 fixed + 2 variable in NielsenIQ

Hi, i have my joining with cognizant tomorrow(12 sep), i have received the onboarding pass but haven't received any onboarding meeting invite , when do they generally send the meeting invite?

like

Which one would you pick?

Big name shop. Shitty account, but you get opportunities beyond that.

Shop with bad reputation that lacks PR and hardly enters awards but has a lot of book-worthy projects.

like

Folks, never join Qualys , It's work culture is very bad, they are forcing everyone to report to pune office.
Zero work-life, work starts from Day 1.

Mindtree vs quest global which one to choose

like

Hi,

I have experience of 3+ years in HR recruitment and employee services....looking for any openings in HRBP associate role.

Please share any open positions that I can apply for.

Thanks and regards.

like

A quick note about what I’ve experienced, in my decade long career, is the real advantage of MBB or FAANG - it gives you a shot at stretch roles that are outside your expertise. Not all the time or even most of the time compared to better candidates with specific experience for the role but gives you this wildcard shot at a vast array of opportunities.

like

Hi, I am a PhD student and I have recently started preparing for consulting. I have gone through basics of framework and have watched few YouTube videos. I am at the point where I am seeing diminishing returns by studying more books. Anyone willing to help or are there people in the same boat? Would love to connect with potential study/case buddies! TIA!

like

What’s the current timing of biometrics appointment after AOS filing?

like

Hello, i am currently working with M&G global as a process leader with 6.8 years of current experience and total 11 years of experience. I am looking for a job in any field, excluding the calling & sales process. I am currently handling one of the biggest key projects for my team (in progress). Due to the office environment not willing to continue here otherwise blessed to be part of this organisation.. please refer/ suggest any job. Surekha N

like

Additional Posts in Option Traders & Investing

Anyone able to buy SNOW at $120?

funnylike

Anyone else think big end of day drop? Scary weekend to hold long through

like

11/27 Thread (General):

like

I have just got an options trader job at a prop trading firm. But I knew nothing about options/trading/finance. The firms said they’ll be officially training us once we start. But in the meantime, what are some books/resources that you would recommend to start learning first?

like

10/23 Thread (BC):

like

anyone here in spce for their test flights this weekend?

like

Why are some people saying that they (regulators or the govt) need to stop GME trading? Isn’t this a free market?

like

Boeing stock - lowest price in 3 years. Hoping it keeps dropping!

like

As far as i’m familiar with, you need to be an accredited investor to get into the primary market and get shares at ipo price. Anyone have insights to clickipo or webull (ipo function)? How does it work?

like

What happened to Alteryx...

like

What are some of your favorite strategies to use in VIX since it constantly decays? Bear call spread? Or is there something more profitable?

like

$BABA got murdered today. Buy, hold, or sell?

like

Is putting your rainy day fund in something like VGLT a terrible idea? Trying to consider options outside of HYSA, with a bit more juice.

like

Robinhood is going to be the patsy in this one. The funds will continue to be fine.

like

Question on option price in relation to theta, does the theta component recalculate each day, or it changes even every minute? Say if u buy and sell within a day, expect to lose some theta value?

like

What funds do people have in their 401k plans? And how did y’all decide allocation? Can’t tell if I should be more aggressive given I’m in my 20s.

like

DOGECOIN to the 🚀🚀🚀🚀

like

I have dal 19 put 3/27. Loosing money there, should I wait out another day or two or cut my losses now?

like

Made a very small play today and just saw the after hours. Should turn out pretty good tomorrow.

Post Photo
likefunny

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal