I have been using crypto since 2017, made plenty of dumb trades which caused me to lose out a lot. Currently my portfolio is about 80% BTC and while the new USA admin seems they may do more damage than good to the crypto space I’m still positive about Bitcoin.
This sub seems like a meme or anti-btc sub mostly. Anybody here who isn’t that way?
It’s money. It’s private property. I’m anti- both of those. But, I am coerced and compelled to participate in a monetary economy. So, as long as we are stuck in this situation I choose to save my money in a form that is the most reflective of my rejection of existing centralized hierarchical institutions and one that I believe can leverage those rather toxic aspects of capitalism to springboard it’s value. Like, you don’t have to be a monetary luddite just because you’re a communist (In fact, some people are communists and socialists specifically because they understand money more intimately and exactingly than most capitalists).
So I’m money negative overall, bitcoin positive within that negative space. I’d be cool if it sucked a bunch of the inflated value out of real estate, though I don’t know if it’ll actually do that. Governments for sure will never allow it to hamstring their ability to raise military funding through inflation as a lot of anti-war libertarians envision.
Why does it count as private property and not personal property?
To be clear I am referring to marxist definitions of property and not common law definitions. It’s not personal as it has no personal practical use to me, it is very purely an asset, a fungible and liquid capital. The possession of which necessarily deprives others of doing the same (Finite supply). I own it specifically to leverage it’s value and that alone.