Bitcoin: It looks like millenials are taking their free government cash

"intrinsic value" is determined by agreed upon faith in anything, it could be a rock.

a lot of people agree bitcoin has value, therefore it has value.

It has no intrinsic value because there is an unlimited supply. There will never be a shortage of bitcoin. Everyone also knows at this point, that the bitcoin ledger is tracked by government, and, taxed as well.

...and once it hits any sort of point of people wanting to use it...it chain is incapable of handling transactions.

Its even more expensive for transactions than moneygram.

No ill will towards their cluelessness. They are just investing in somrthing that will soon pop, again with no intrinsic value, and be taxed heavily for it.

Where you are right about value you are wrong about bitcoin. It is limited and if the electricity of the world stays on it will always be worth alot

Only thing worth value in the future will be toilet paper.

There are so many inherit flaws in coins/tokens and its inability to be used in any sort of way, and and unlimited supply of better competition. They buy bitcoin then realize, at $8000 it can no longer be used for transactions, if they buy a different crypto that has fewer of the problems of bitcoin, they are just admitting theirs an unlimited supply of tokens, that will be replaced by something newer and better.

MILLENIALS do not understand what they are investing in.

The higher bitcoin goes, the quicker they realize it doesnt work for transactions, then it pops. And they have to pay massive taxes on it. Millienials dont invest in something with unlimited supply, that is tracked on the ledger by government, and has no intrinsic value.

Use your phony government checks to buy literal gold mines. You then become your own bank. You are not your own bank with something you cannot make transactions with.

Again, with the collapse in supply chains and computers being shut off from the United States, they may as well send their check directly to the CCP.

Come on now. The whole point of Bitcoin is its limited supply. There will never be more than 21 million of them. At least do a quick Google search before expounding your 'wisdom'.

Of course you can make transactions with Bitcoin. You can buy lots of things (including cars and real estate) directly with BTC or you can easily convert it to USD or EUR or whatever and buy what you want with that. Bitcoin's biggest utility is that you can move large sums of money in 15 minutes or so anywhere in the world vs a bank transfer that will take no less than 5 days.

Again, with the collapse in supply chains of computers which is economic decoupling from China. You are directly sending your welfare check to the CCP who controls the blockchain.

You are going to be had over something with no value in every concievable way.

Why not mail your check back to Washington D.C. instead of to the CCP?

Jesus, you're pretty thick. Did you even Google Bitcoin or blockchain? No single entity controls it. No single entity can control it. It's completely decentralized.

Wrong. There is an unlimited supply of coins/tokens including Bitcoin as it breaks apart because it doesnt work for transaction. Why do you bitcoiners continue to understand nothing about how a 30 minute transaction is extremely slow in the real world, with no value, and a blockchain with a ledger that will be controlled by the CCP? You are literally sending your crypto wallets directly to the CCP with your worthless government cash.

They control the blockchain. They control the supply chain for computers. They have decoupled. You are sending fake fiat with no value directly to the CCP. Your taking one form of government welfare and sending it to someone who will use it to control you.

Seriously, millienials could be buying LITERAL gold mines. Instead, they are sending fiat directly to the CCP via the blockchain.

How freaking stupid can millenials be?

Wrong. The blockchain is control by whoever holds the computing power. E.G. China has decoupled from the United States and they manufacture it all. You are basically sending fiat, into something with no value, to the blockchain (computers) which are all manufactured in China. Game over. The CCP will confiscate your coins/tokens, you'll have your last computer, and they will have just increased their own dollar fiat wealth for themselves.

Anyways, it will go to zero in the Western World regardless.

The supply chain has collapsed. They control the blockchain. You own nothing (the token)

Quit buying things you have no idea anything about from Robinhood to Bitcoin.

Your welfare check going to the CCP is the exact opposite of what you want to do.

You can invest in LITERAL gold mines. Use grubby government sucking fingers and buy literal Gold mines. Or send it all to China. Your call.