Gold can be confiscated
Gold price can be held down by gold cert printing ad Infinitum
Gold is hard to transport
Gold is hard to prove the purity
Gold is heavy
Gold requires a vault/safe
Gold is not native to the internet
Gold is subject to captial restrictions
Gold cannot be taken through the AirPort with you
what do you think?
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I am happy with NEM it works well!
I think the NEM foundations issue was they were NOT greedy. I said so at the time.
They could have cashed out in 2017/2018 and set the whole thing up quite well for decades.
Hate to break it to you, but a lot of them did cash out at the peak while telling everyone else to "hodl for Catapult". TxIDs Or It Didn't Happen I *think* of rich list of NEM holders, the bulk is still sat there never moved. I do recall imploring the NEM fund to divest itself of quite a chunk at the peak, to hedge for long term dev, and they refused. They were not greedy and they refused to make a quick $$$
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Crock of shit.
Why do they need to seize anything? They're magicking up all the money they need. Almost every large business in the world will wind up in their pocket too. The last thing they need is a dribble of personal gold and worthless stocks.
Look your right, they can just print money, and do. However, to accumulate more buying power in the market they either have to print and give to themselves, which does not help the stock market so maybe to some extent they have to give it out and also semi UBI. On the other hand, extra "levies", "disaster taxes" etc will be used to "seize" your money. I expect a run on the bank at some point. The market will eventually digest the only financial network that operates and can operate internationally, nationally and individually outside of government is BTC.
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Depends on how much $$$$ the feds are willing to print... But $300k sounds It's not just the fed printing, its the asset freezing side.
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I would go as far to say this could make it or some other cryptos go to the $300K plus
your arguments in general lack proof and are hard to believe but this part in particular is impossible. so far i have not seen any "other cryptos" that is secure enough or decentralized enough to be able to grow to medium size and keep it that way let alone want to have a massive growth and reach high prices such as $300k! all we have ever seen in altcoins have been short term pumps that never last long enough. Look I agree BTC is by and far the most likely........
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I believe in a normal Financial Crisis, Bitcoin would have fared better, but we are dealing with something that is being treated as much larger, which is a global pandemic. In 2008 people didn't hoard groceries, hoard supplies, get locked inside of their houses, have their livelihood shut down etc. This is not just a financial crisis, this is something different. There is real fear among many people that things will continue to get much worse and dangerous for a very long period of time. Bitcoin was never meant to be a hedge against a global pandemic. Gold is suffering the same fate as well, Gold is not a hedge against a Global Pandemic either. Once when the fear of the Global Pandemic absolves, Bitcoin will continue on its way toward what it is meant to achieve.
Sure it is. The market just has not digested that BTC can't be seized, but cash, shares, gold, your food can be. When the market realises this they will all in on BTC. The fiat market has just treated BTC as "another" asset.
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So it looks like Govs are going to use thus covid-19 to be the pretext for seizure and redistribution of whatever it takes, cash shares gold, your hoard of stuff.
The markets going to digest this in about 2 months and pile into BTC as fast as humanly possible when they work out its the one think gov's cannot take, even from your cold dead hands.
Predicting massive surge incoming.
I would go as far to say this could make it or some other cryptos go to the $300K plus
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And the dead cat bounce back to 5~6
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I am happy with NEM it works well!
I think the NEM foundations issue was they were NOT greedy. I said so at the time.
They could have cashed out in 2017/2018 and set the whole thing up quite well for decades.
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How do you expect a big bull run and for it to be sustained until 2025? That's unfeasible to start with imo... A big bull run with a blow off top often ends in disaster... I mean if it does happen its helpful for my positions but at the same time what makes you so confident in it happening this way?
And if banks dont have enough high or mid scorers to lend to, what happens then? The money just waits in situ with the central bank forever?
I will say one thing, govs can now effectively and quickly print their way out of recessions, and politically will.
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Every time the market makes a huge dive people cheer because "weak hands sold", but with that logic there would be no weak hands on this market because we had so many crashes in Bitcoin history. And you don't even know who is selling, maybe the same people who sold at $7k yesterday will buy now at $5k. And maybe today's strong hands will become the weak hands in a few months, or maybe the weak hands that sell now are still taking big profits because they bought before 2017.
I've been seeing the weak hands comments since my arrival in 2013. I suppose you can regard it as a game of pass the parcel, but a never ending one. There will be an eternal cycle of strong and weak hands and a bunch of psychos pulling strings on both of them in the background. Those are the dead hands. There is one difference .... there are only so many BTC to sell, so selling eventually has to dry up.
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Guys please keep calm,
summary of the day is
panic sellers sold <-> confident buyers bought weak hands sold <-> strong hands bought stock guys sold <-> crypto believers bought . . .
today crypto market is much healthier than yesterday because all the weak hands are shaken out, if there will be bull run one day I think it has to start with shaking weak hands.
meh its more of a time thing. IF you bought in at $30 and cashed out a fraction at 15K, even $1K, then you are still massively ahead. That makes you able to hold forever with a massive profit. So its not strong hands so much as, your 10x into profit already
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I never thought of this happening since the beginning of the year. It perform very well and there is halving coming up. Now, we are below $5k in our local exchange site. I'm actually surprise, didn't see it was coming. What's even worst is, we may go even lower or maybe not worst since we could finally buy at a lower price we didn't expected. The dump is really hard, it was fast.
I think we are going to shake out a lot of holders right now. There should be a few epic dead cat bounces.
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I don't understand the concern of most people in the crypto industry. When the price is on the low, there is panic and concerns as to when the price would increase and now the price is increasing there is still threads and analysis here and there that is warning people that they should not even take it serious. The question is what exactly do we want in crypto as it is beginning to seem that nothing is satisfactory to anyone again. We speculate but when things are happening in that direction, we begin to panic.
The price being high is important to BTC being the utility it needs to be, about 1M a btc ~ 10M a btc. This would allow you to throw in 10~100 billion at the market and not move it and so have the required liquidity to wrest control for GOV's dictating financial policy and sanction. So I *want* a high BTC but not primarily for the USD$ amount or FIAT amount, rather for the displacement effect of the current banking system.
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I wished I had been around when btc went from about 20$ ish to 2$ .... now we are getting that relative chance again.
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meh....i m not worried...tempted to buy tbh.
every gov is doing massive QE for corona virus.
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So called "Gender Equality" nor "quotas" of any kind can be imposed on bitcoin.
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I wonder if the bears remember the recent 30% in one day?
Bears are going keep keep getting margin called until no bears left.
multi year Bulls can afford to stay in the game for ever at this point be way way ahead no matter what.
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