Right, for all the rest stick to Bitcoin
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lol
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Please explain it to me in simple words.
Why not simply âwalk the middle wayâ (or whichever ratio you want, 30/70 or whatever), and lump/gradually come to it.
I mean on the other hand ETH is also on a rampage, just not as huge one as BTC (and only during the past ~4 month period).
This is like regretting you only get to travel to Japan, because New Zealand exists. 
Read the book âthe bitcoin standardâ. You will understand.
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You will never get a rationale answer that would make sense to you. Reason is that you believe that for something to have intrinsic value, it needs to be useful and do productive work that caters to needs of people. But you are forgetting, there are different needs that people will like to fulfill & pay money for. If you can tap on to those needs, they will pay for it.
Western world say that people in India are crazy. They give their hard earned money to temples. For example one temple received more than 1 tonne of gold in 2023. But people who do that must get something out of it. Isnât it?
Everyone pays based on their own judgement of what is in it for them
- How much would you pay for a ticket to move out of poverty
- How much would you pay to win one over the rich bankers you always hated
- How much would you pay to be part of the group which gives you an identity
- How much would you pay to get rid of your sins
- How much would you pay to be popular
- How much would you pay for a sure shot way to get 10X richer (even if it might not be true)
P.S -: I am not an investor in BTC but also not shorting it. My investor profile is very basic, so i remain with basic instruments
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I canât tell you what to do but I can tell you what my plan is: sell my ETH next year in 3 steps when it reaches 10k, 15k and ideally 20k but selling now is much to early. Iâll probably keep a small 10% of ETH or whatever I was not able to sell (e.g. it does not reach 20k). Selling now is in my opinion much to early/low price.
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Itâs a simple question, so there should be a simple answer? I you ask me what the intrinsic value of a stock is, itâs also a simple answer? The companyâs current earnings, growth potential, competitive advantages like patents and licenses, quality of products or services, human resources, buildings etc.
So whatâs the intrinsic value of BTC? What does it do or offer? Iâm really interested in knowing that. And if you are so educated in the realms of crypto, youâll be able to answer that in 1-2 sentences for sure? I just did that with stocks.
Just give me something else than scarcity. Because there are a lot of rare things with very limited and finite supply that arenât worth anything.
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A thread with thousands of replies from dudes explaining why they arenât buying is likely the most valuable piece of information, and it seems like you missed out on it.
And Bitcoin does not have intrinsic value in the traditional sense, as its worth is not derived from physical properties or cash flows. So stop asking the same question decades later while you missed 1000x.
Instead, Bitcoinâs value is determined by factors such as scarcity, utility as a decentralized digital currency, network effects, and market perception, which collectively contribute to its role as a potential store of value.
So in essence itâs basically a tech cult?
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Yes 
. Tagged you as troll. 
Judging by the slightly offensive comments, you neither seem receptive to arguments nor willing to put in the time needed to educate yourself on the topic.
Pleae buy in 10 years when mass media reports positively. Then at whatever priceâŠ
Btw. i am out of this discussion and hope to manage to ignore any further posts
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Iâm out too. Will only report progress, in $0.1M steps. 
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My thoughts on Bitcoin:
For me, this is the reason why investing in Bitcoin involves a very high risk. But a profitable one. As is the case everywhere: there is no such thing as free lunch. The biggest risk of Bitcoin is that one day not as many people will be interested in it as they are today. That may never happen (in my lifetime) or in 10, 20, 30, 40 years. When investing in Bitcoin, the question should therefore be:
â Do I believe that Bitcoin will continue to be of interest to new investors in the next few years?
- If the answer is yes and you want to bear the risk, then you can invest.
- If the answer is no, then you should sell. Or at least only buy enough so that it doesnât hurt.
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Why offensive? I just want to see a coherent argument on Bitcoins intrinsic value. Nobody is able to explain it. Everybody is just telling you âRead it up, educate yourself, google it, if you donât believe in it you will never get itâ.
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I believe this is best you will get
Because frankly there isnât anything else. Itâs all based on thesis that one day everyone would allocate a significant portion of their portfolio to BTC for reasons known to them (past performance being one of them)
All the reading etc would never answer your question because there isnât a better answer. I tried to find the answer. In fact this is why I asked this question multiple times on this forum because I always assumed that people on this forum are more financially advanced than Reddit or other forums.
So I tried to look for answers in other places. What I found is following -:
Originally the idea was to push it as future of money because of âmoney printing, libertarian economics, rich bankers and centralised finance being crooked, lack of trust in govtâ , but everyone knows that BTC will not replace USD during our lifetime.
So now the thesis has gravitated towards store of value. Because store of value doesnât need any utility per say. Itâs just what people believe in. And ironically enough this needs âtrust of governments, large financial institutions and central authorities in BTCâ to improve adoption, and somehow it is okay with the community.
Funny enough BTC proponents think every other crypto currency is a scam (including ETH) and even blockchain as a tech have only one real use case. Which is âBitcoinâ 
this was biggest surprise for me. Because I always thought blockchain is the innovation and BTC is one of the product. But it seems BTC is the only thing that matters.
I wouldnât be surprised if the price will keep going up. Because there is a lot of vested interest involved now and big money is taking stakes (including likes of blackrock).
âââ
In alternative world -:
- GOLD gained 4 Trillion USD in market cap during 2024 because it seems China / Chinese people have become very big fan of the solid blocks.
- DXY is close to one year highs
- which indicates no one is losing trust in USD or Gold while BTC gains popularity
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