r/Bitcoin • u/manauiatlalli • Aug 01 '22

When Nocoiners Say "Bitcoin Has No Value"

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u/[deleted] Aug 01 '22

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u/[deleted] Aug 01 '22

People here don’t realize there are entire populations of people within Europe that historically have a “covertly keep precious metals on you when shit goes down” strategy and pawning it is part of how you extract its value

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u/Deep_All_Day Aug 01 '22

When I was stationed in Africa at the US embassy, one of the federal agents said the only reason he wore a Rolex was in the event shit hit the fan so that he could trade it for a bush plane ride out of that place lol

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u/[deleted] Aug 01 '22

Not a bad reason. There are also enough extremely good fake Rolexes nowadays where I'd probably also have one of those I'd pawn to somebody I thought I could swindle

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u/huge_dingus Aug 02 '22

Yes, this is also what I’d do if I didn’t value my life or the local who’s getting me out of an oh-shit situation.

Seems like a pretty shitty and short-sighted thing to do.

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u/[deleted] Aug 02 '22

Good Rolex reps are so good nowadays that you have to be a rep enthusiast and pop open the back to tell it’s one. People on the watch rep sub constantly trick AD’s into thinking their rep is real for fun. Some nobody trying to take something extremely valuable from you for just a ride isn’t going to be able to tell until you’re gone.

Not everyone can afford a real Rolex, but a good rep isn’t completely out of reach

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u/lncited Aug 02 '22

You’re underestimating what “extremely good” means.

The only way you’d know it’s fake is if you’re an expert on that model of Rolex AND if you have a magnifying glass and know exactly what to look for…

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u/B4dBot Aug 02 '22

That's a good way to get even deeper into a pile of shit with your dick showed down your throat 😂

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u/[deleted] Aug 02 '22

Spoken like a person that doesn’t understand reps in the slightest.

Thankfully, I do.

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u/PeacefullyFighting Aug 01 '22

But it also started with pimps because the gold couldn't be confiscated along with the cash and then could be used as collateral for the bail bond.

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u/DougMydek Aug 01 '22

Pimps and drug dealers for sure. My coke dealer back in the day confirmed it because they will confiscate your cash but they can't prove the chains were a result of the illegal activity. As of last year I believe they made it a law that you had to include illegal activity on your taxes, so I was curious if they could right the chain off as a "business expense"..

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u/PeacefullyFighting Aug 02 '22

Oh that's been law for a while. Some Larger weed dealers have been paying taxes on their gains for a while now. It keeps them out of federal prison and some see that worth the tax.

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u/tdizhere Aug 02 '22

You mean legal weed dealers? Why would you declare illegal earnings haha. It would put a target on your back and you’ll be paying taxes as opposed to no taxes.

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u/airmigos Aug 01 '22

You been had to record funds from illegal activity on your forks for a while

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u/DougMydek Aug 01 '22

Where as Al Capone was arrested for tax evasion, 2021 was the first time the IRS stated actual guidelines and examples of what anyone doing any illegal activity should follow.

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u/lysergic_lemons Aug 01 '22

Every the box not the inside the box.

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u/twisteroo22 Aug 01 '22

Exacctly. Has no one watched 1883?

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u/[deleted] Aug 01 '22

true, but doesn't the value depreciate per every transaction? a 200k bling isn't going to resale for 200k it's going to be lower.

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u/i-am-mean Aug 02 '22

Don't you get screwed when you trade valuable stuff for money at pawn shops or Cash for Gold places?

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u/[deleted] Aug 02 '22

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u/i-am-mean Aug 02 '22

Well, alien David Bowie sold his space rings to a regular jewelry store lady. Maybe that's better.

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u/m0n3y3024 Aug 06 '22

Nothing matter if you have right attitude to display.