Jackson PalmerVerified account

Silly commercial. #HODL is the best and most sound investment advice. Even Warren Buffett recommends to buy & hold for 10, 20, 30 or more yrs. The opposite of "HODL" is "speculate". That is proven to transfer money from high time preference to low time preference individuals.

Investing in the S&P 500 is just a little different from buying up a highly volatile, experimental cryptocurrency.

You sound a little salty tbh.

I really don't understand the recent trend of people who are obviously in the red on crypto trading calling people "salty" to try and get on their nerves. I didn't put in or lose any money, so I couldn't be less salty.

Obviously in the red? Nope. You just seem upset about crypto in general. I've been in this stuff before your coin existed.

Critiquing something is not "being upset". Immediately jumping on someone's opinion and trying to discredit it as "salty" or "butthurt" just highlights your reluctance to actually consider said opinion, or discuss it. Make sure to peer outside of your bubble sometimes.

Fair enough, I never said you were wrong. Just an observation about your tone and demeanor.

I could probably go a beer, tbh.

I think it depends on what people understand the term to be. One interpretation is "under no circumstances sell anything before moon". Another is "Don't let emotions make you panic sell".

Regardless - weird ways to be talking about something touted as a currency, in my opinion.

Does anyone actually still view BTC as a currency though?

That would be true if you were talking about a shitcoin, #Bitcoin is actually a sound investment and it's wise for an inexperienced investor just to #hold instead of gambling with day trading.

Sound investment? Really? Based on what? Genuinely interested.

Based on Proof-of-Work

PoW is horrendously inefficient and skewed towards those who can afford the hardware. Why does that make something valuable?

PoW was not meant to be efficient, quite the opposite, the only way to create new bitcoins is by spending a huge amount of power with specialized hardware, miners have no reason to sell bitcoins below production cost, while making #Bitcoin hard money it also secures the network.

Not convinced it's securing anything but it's certainly concentrating ownership. Now is a bad time to have a currency that's so environmentally damaging to create tho.

No, it doesn't concentrate ownership, miners have to pay for power, equipment and technicians, thus they have to liquidate their mined coins quite often, as per "environmentally damaging" argument, that is completely false.