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I think his reputation matters to him. That is what he is busy destroying right now. I honestly don't think it's a con. I think it started out as, what he thought, was just some innocent fun on Twitter. Basically he was just having fun trolling. He didn't know when to stop and now...

Been spending time on Twitter in Bitcoin circles and Musk has been eviscerated and made to look like a fool. It has been glorious.

He'll fall flat on his face at some point, like every other person that has tried to disrupt BTC. With Doge hyperinflating to infinity, there's no way it will hold it's value over any reasonable timeframe.

Well, I'm certainly not going to rule out the crisis, reaction to crisis part of your post. I've seen enough craziness at this point to know that it basically works the way you've outlined. I don't see the one-world financial system though. I mean, it's bad enough now where China and Russia...

Some of the quotes from that article are truly cringe I mean, really?? In this day and age who says things like that? imo, there won't be any viable model for a CBDC that will pass muster in your average democracy. And we will be able to thank the CCP, yet again, for showing us how bad...

Most of ETH's current value today is based on speculation that people think crypto assets is going to be a thing when you only really need one crypto asset. Which is also why all these other tokens appear to have value. There's no reason why you can't have alternative networks/companies...

It's more akin to the dotcom days than tulip-mania. Honestly can't remember the reason behind the tulip-mania, but I don't think it was about new technology. In the 90's nobody knew what the internet was going to look like. Few had the foresight to see what it is today. Because of...

lol, Musk came out with a tweet today saying how people should be careful when investing in cryptocurrency. I think someone has a date with the SEC to look forward to in the near future...

It's already gone up a lot in the last few days. SNL already been priced in maybe?

One thing this whole DogeCoin thing has helped with, I think, is that if this pointless coin, with no use case or value, has such a high price, what does that say to people about the rest of the altcoin space? Obviously it says that price is telling you nothing about whether any of these other...

It also means that BTC is extremely undervalued at current prices as vast amounts of money that should be flowing into it are going into other coins instead.

Pretty much agree. The market is the way it is now because it is not yet well developed and people are looking at coins as the equivalent of equity. They aren't equity and the reality is there is only really only one store of value that people are going to migrate too. Anything else...

DogeCoin is extremely high risk but obviously there are extremely high potential rewards. I still think Buy and Hold is a foolish strategy when it comes to Doge. It's a trade not an investment.

The US will not ban cryptocurrency for a great many reasons now. One of the primary reasons is because crypto, and more specifically Bitcoin, will drive Web 3.0. Bitcoin is not just a token, it is a network protocol, upon which a great deal of innovation can be driven. Around 1990 or so...

Just remember guys, the shitcoin phase of the market is just that, a phase. It will end at some point. It's very similar to the dotcom bubble in the 90's. At that point you had a lot of dotcom companies that people were getting all excited over and were going up in price whether they had...

Didn't read it fully thought it was referring to the recent "crash". There a re some analogies to the Dotcom bubble but I don't think you can draw direct comparisons. Some might say 2017-2018 was the equivalent of the dotcom crash. After the dotcom crash it seemed like all hope was lost...

People are leveraging up to insane levels with Bitcoin. A bit of bad news comes in, you see a bit of a drop, and then there is a cascade of liquidations of over-leveraged idiots and we start the whole process again to get to a higher point. As for me, I BTFDéd the shit out of the dip.

My theory is, when all is said and done, BTC is going to be the only real store of value coin and as such is the one that is going to far exceed any others in terms of market cap. I think that once BTC has achieved full market penetration then these other projects, such as ETH, will be better...

Probably around 95% of my crypto money is in Bitcoin. Used to have a decent percentage of ETH but dropped it because I don't think it has established itself as the dominant player in that space yet and will have serious competition. Also, have to distinguish between Ethereum (the network)...

Best advice. Few follow it.