ProShares Short Bitcoin ETF Stock Discussion

105330192 OP : what a weird platform

David Lee cm : Reverse split 5 to 1, fractional shares will be sold and proceeds return to your account.

105330192 OP David Lee cm : when gonna proceed 2days？5days？

105330192 OP : still dnt got

71741760 : Now it's showing "Suspension" on my account for BITI but I don't know what it means? I think they are doing a 1 to 5 Stock Split.

TechWhiz : Your arguments apply to gold in the early days too. Gold had industrial use, btc has financial transaction use.
Why gold and not other metals? The market decided on it as a store of value thru time. Now as tech improves  , the market of new, tech savvy investors are deciding that btc is or will be the digital gold.
No 2 ways about it.  The market decides. Maybe this new generation  of investors love rat poison? So be it.
Ask Blackrock.

David Lee cm OP TechWhiz : Gold was a status symbol in the past, owning bitcoin is not a status symbol. Money launderers, smugglers, crime syndicates used bitcoin as transactions, who wants to be associated with these guys.

TechWhiz David Lee cm OP : Once btc crosses 100k or even 1m, you will wish you have this status symbol.  Every revolutionary thing takes time to develop.
 The bad actors are always there... in stocks, currency, real estates, etc.  Owning these assets does not mean you are one of them. Does Michael Saylor look like a criminal? is Blackrock not respectable? Don't worry about these bad actors,  they will be take care of in time.
Times have changed. you must change with the times or be left behind.  It is a pity that people reject disruptive tech due to old beliefs or misunderstanding of what it is.
BTC represents a revolution of our times, just like electricity,  the telephone,  the internet and now AI.
Next revolutionary thing will likely be Quantum computing   . please don't dismiss this too

David Lee cm OP TechWhiz : China has banned bitcoin for the reasons I listed below and it is a threat to central bank policy making. China is developing ai, quantum computing, AR, robotics etc., it is not against new technologies. Neither am I.

71741760 : In response to one of the comments, it's not like drug kingpins and money launderers don't use common currency and only use Bitcoin for their dirty deeds.