The mute button is a wonderful thing.
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Be gentle here. I’m partly showing my ignorance but partly playing Devil’s advocate.
Bitcoin is finite. Fine - I roughly understand that.
What’s to stop an infinite number of ‘Bitcoin’ equivalents being replicated though? Can the whole thing not be recreated or replicated? What’s to stop that happening? That the bit I don’t understand. What’s to stop people just moving on to the next thing?
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The thing is with bitcoin its based on reputation (along with other things) which can’t easily be replicated. Can the GB pound be replicated with say the Lebanese pound, which would your rather hold?
You’re pretty much describing the currency.
For something to be money it needs to be a store of value.
Of if you must call GBP money, then let’s say it’s just a very bad one.
Attributes of money:
- Portability
- Durability
- Divisibility
- Medium of Exchange
- Fungibility
- Unit of account
- Store of Value
You could now produce a table comparing fiat, gold, btc etc and say how good or bad of a money it is.
+--------------------+-------------------------------------------------------------------------+----------------------------------------------------------------------+--------------------------------------------------+
| Attribute | Fiat (GBP, USD, etc) scroll ----> | Gold scroll ----> | BTC |
+--------------------+-------------------------------------------------------------------------+----------------------------------------------------------------------+--------------------------------------------------+
| Portability | okay-ish (try getting 100k through the airport | bad (heavy) | very good |
| Durability | okay-ish (Cyprus confiscation, etc.) | very good | very good |
| Divisibility | good | difficult (melting, usage of other metals for smaller denominations) | Very good |
| Medium of Exchange | very good | not any more (but very good in the past) | Could be (El Salvador has it's as leagal tender) |
| Fungibility | very good ($1 note is same as any other $1 note in general) | good (if standardised into coins or bars) | very good |
| Unit of account | very good | very good (in the past) | could be in the future (if volatility drops) |
| Store of Value | poor (constant subject to inflation, avg. lifespan of fiat is 30 years) | very good (1oz of gold buys you the same amount of goods over time) | very good |
+--------------------+-------------------------------------------------------------------------+----------------------------------------------------------------------+--------------------------------------------------+
Now gold and fiat in theory are rather durable - but can easily be confiscated: Cyprus, Executive order 6102, etc.
Fiat is super bad as a store of value. Dollar lost 97% of it’s value since 1913.
In the end, the only thing you have is time. If you work, you spend your time, then you’re given some currency, which value melts away overtime and you’re basically robbed off of your time.
You could also, think of money as a ledger, with entries of who is owed what. If you use fiat, you’re constantly being debased - as if your work which you already did “evaporates” with time.
Gold preserves your purchasing power over time (e.g. an average house in the UK has exactly the same price in ounces of gold today as it had in 1955).
So all these fiat currencies are very poor form of money - or in the end, they are not money but just currency - why to call something money if it does not serve one of its most important purpose?
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MSTR added to Nasdaq 100, next milestone… SP500?
But I don’t really care. I just sit and wait, I’m just locked into this position, the more I look at it, the more I feel I can’t sell this once-in-a-lifetime-event.
Couple of what it looks to me, smart takes on MSTR, from people that look quite smart to me:
https://x.com/dgt10011/status/1863606542139895899
For this one, about the convertible bonds, a couple of versions of basically the same speech from this guy, probably he doesn’t know what he’s talking about 
:
Any thoughts? Seems that they don’t like MSTR because “smells well”, but for a bunch of different reasons
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Ponzi scheme, quantum, blah, blah blah… looks that there’s still some upside. I honestly don’t count on with the us making those strategic reserve wishes reality soon, but who cares?
“If you own the superior asset, it’s going up forever, Laura… Forever”
https://x.com/BitcoinMagazine/status/1868707798290514028?t=CC1YRBXSKJCx2BmuKrQdiw&s=19
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Has ms gon tits uo shall i sell?
I’m adding abit more. Whole market has taken abit of a battering I think. Will have better days.
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I agree, ive been looking for money down the back of the sofa and managed to snag a few more shares yesterday 
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Some things never change, whether is General Electric, Bitcoin or MicroStrategy, be always a contrarian. If the sentiment is bearish and some main stream media publish negative news in a long term support area, is a BUY, BUY, BUY. At least for a nice rebound:
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“The Guardian Trade” would be like 25% up? Some thingds never change, lol
These kind of articles are designed to scare the people that don’t know very well why they bought, or bought too much at the hype peak moment, and somehow that people end selling at bottoms. I’ve done that a few times in my life and I know how it hurts, I am very sorry for them, but can’t ignore the fact that $290 a share, more or less, is a line in the sand now, a mark in many peoples minds and hearts.
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If you want to preserve your wealth, you are in 2025 and you still don’t understand Bitcoin, you are in some trouble. Nothing stops this train.
The next step: understanding a whole new world of financial products built around BTC by $MSTR
I honestly declare that this overwhelms me, specially the Convertible Bonds and $STRK, and I feel again like i felt when I started to study BTC seriously,only that this time the challenge is way more rewarding,if I get to pass it: options, bonds, insurance, rates, volatility implications, liquidity. I can understand how many “financial advisors” just close the book and scream in panic: “ponzi scheme”. They are in for the fees, no skin in the game, and no need to understand something their customers neither will ever understand (until they see it advertised in TV, then they’ll buy despite they don’t understand it, how many people still bets on the 60/40 portfolio without having a clue of what they are doing?)
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My exposure is through DAGB. Few percent of my FT portfolio.
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Nicely articulated article
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Asked this to be included in Freetrade offer:
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Heavy hit here last 7 days but especially today. Saw it touch $249 before touching back up! Volatile!!!
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I’m playing this via DAGB, not doing great currently so have been topping up yesterday and today, hopeful of a rebound! If ever an asset class was oversold, surely the last two days are it!! 
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I imagine this an exciting place to be if you’re a trader today. Same with bitcoin!
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Very grim right now
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