This just in: Wall Street banning tech stocks! Will un-ban tech stocks tomorrow.
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FFS, I just renewed my electricity contract, I only buy on a one year basis. This year I have been paying the equivalent of 58 USD a month, next year I will be paying 175 USD, and that is just to the producer, at least another 50 to 100 USD, depending on how much I use, to the company that owns the cables and in taxes comes on top of that. Good thing I'm not poor anymore, but what about all those poor souls that live on a paycheck to paycheck basis, how are they gonna afford this shit.
Basically I'm going from 5 USD to 20 USD per kWh before tax and transfer fees. In the end, with tax and fees, its about twice as much.
.... climate change is an expensive fantasy, basically economic suicide by the arrogant ... it's the green new deal great reset building back better, we don't need to invest in new energy sources, you'll own nothing and be happier (or sent to Greta's re-education camp for deniers) America: Yes let's pump hundreds of billions more into electric cars, while at the same time let our roads and bridges crumble into disrepair. You'll have the most awesome EV but you won't be able to drive it anywhere.
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I hope for their sake that somehow adopting bitcoin helps them to solve their obesity problem. They need to stop eating all that imported crap canned food and soda, and go back to a clean, natural diet again.
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At this stage I don't understand why every Tom, Dick, Harry and their dogs aren't buying Bitcoin.
What the fuck are people waiting for?
The news is literally reporting in the UK that inflation will hit 5.4% next year. I'm of the opinion they always under report this. So real figures will be higher surely.
People are fine with getting 5-6% minimum poorer every year yeah?
Are people under the illusion that the precious money they are shoving into their private pensions somehow won't be affected by this?
Apparently so. I even know supposedly financially savvy people who aren't even investing (beyond their safe 401k). Property most people can't afford or becomes a fucking headache with renters etc.
The problem now with RE as a rental investment, is that most housing/apartments where people want to rent (i.e., in a city close to work options) have sky-high yearly property taxes to pay. And this whole "renters moratorium" gave everyone who even thought about being a future landlord some pause. Imagine going to 12-18 months without your renter paying you monthly for rent, and you can't kick them out. Unbelievable the times we live in now.
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Lol Yeah, and that SOB also raised tesla prices by another $5k. Something something inflation, "supply chain constraints", blah blah. What a racket.
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All this price action... But so little retail volume.
This is incredibly bullish in my opinion.
Who is buying?
Not a lot of people? Neither retail nor institutional is showing any decent volume right now as price continues to move upwards. The relevance is there is a lack of sellers in the market right now, hence very low supply on exchanges at the moment. Imagine what happens when there is buying pressure Bullish Yes. At this point 99% of all 'price pressure' is all institutional or whales. The float is just being challenged, as it is a mere fraction of what people think is available for trade (and getting smaller by the day).
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.... pretty sure this bitch is a spook or intelligence asset that is trying to use the recent public campaign of hate against social media to torpedo FB plans for end-to-end encryption roll out
... we've known for years FB and socials are toxic cesspits, so after embedding herself in FB for less than 2 years she comes out with this 'whistleblower' crap that has been obvious for anyone looking from the outside what FB has been doing to young minds
Could she have been an insider plant? Sure, maybe. This type of insider espionage/sabotage has been done to corporations before. ... the spooks have been happy to turn a blind eye to FB social crimes while they have been major beneficiaries of gaining all that juicy surveilled data and privacy-raping their citizens .... now suddenly they grow a conscience when FB rolls out end-to-end encryption plans?
They never grew a conscience. The FB user base growth has stalled, and up to this point these criminal orgs have bought all the data they need from FB atm. https://finance.yahoo.com/news/facebook-alarmed-teen-usage-drop-110010566.htmlOnce a major corporation stops growing, it's time to create FUD and go mega short. Classic insider playbook.
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Translation: "Tell the chinese miners to turn the bitcoin mining rigs back on"
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I also think there could be a time coming when OUR crop of "OG"s are going to be tempted to move out "at the top" and then be surprised to learn that the pullback we saw was shallower than we have figured and we lose our stake somewhat. I think a max pain scenario for Bitcoin OGs is still on the horizon.
I think we may be beyond this now. For most true Bitcoin OGs, an 80% draw down from some future ATH means they are still rich and will likely stay all in btc, essentially forever (BYOB). They won't really care anymore about future bear markets. I know I don't. Yeah. I wanted to talk about Cuban more than Bitcoin, because he seems to be SO INCREDIBLY wrong on the topic. And kind of embarrassing. I don't know if you followed the Twitter space, or the dick measuring stuff that led up to it, but it was embarrassing in my opinion. Cuban was acting like a child. And of course the bitcoin maxis were swarming around him like piranhas being assholes. He is right there are plenty of assholes in bitcoin. But he's wrong about almost everything he says about Bitcoin. And the whole "How much Bitcoin do you own, Preston... let's compare with how much I own" thing just reeks of a big man with a little pecker.
The problem people have with Mark Cuban is that he is out there promoting stuff that he has absolutely know idea what it is, or what is does. He just jumps on a bandwagon and talks his book. He has no idea with ETH is, what it is even good for, what it's major problems are, why its $37 transaction fees are terrible and only going to get worse, why NFTs are not the future and why they have no value, etc. And don't even get me started on DOGE. He has no in-depth crypto knowledge about anything. The guy is just totally full of shit. End of story. And when challenged, he throws a tantrum like a petulant little child.
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So... I see that all these Bitcoin ETF launches are by EOY. It's like the SEC is now cramming them all in before Dec 31st. Hmm...why the rush now SEC? Something happening the first of the new year? Lol sus Oh gawd Torque... You never going to get out of your numerological extremes? Sometimes you just go too far... Do you believe that there is something significant for the end of the year or what? Maybe explain a wee bit for some of us who are a wee bit less conspiracy minded.. No conspiracy, just that the SEC is now rushing and cramming all the BTC ETF approvals into the last few months of 2021, the same ones they kept denying over and over since 2017 (so punting for 4 years straight) even though absolutely nothing in the bitcoin ecosystem or with regulations has even changed since then. Nothing to see here JJG, don't worry your oie poie lil selfies, so move along...probably just a coincidence. you didn't even bother to look at my post prediction for next year, did ya?
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I’m ready brotherens Though I totally get what this guy is saying AND agree with it with my whole body... Evidently he's not been around long enough to find out you don't tell the corn what it "MUST" do. Yeah, this whole S2F "self-fulfilling prophecy" thing is getting tedious. I mean, there's nothing to say that the price action couldn't go something like this below. Would the S2F devotees cry then?
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Simply because there is a US regulated BTC futures product/market - CME Futures. BTC is not (currently) on any US-regulated exchange and so is not itself regulated. I don’t think any spot BTC ETF will be approved until there is a regulated market for it to trade against.
Custodial brokers for BTC will be very few...at least until all banks build the required security tech to become custodial themselves.
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So... I see that all these Bitcoin ETF launches are by EOY. It's like the SEC is now cramming them all in before Dec 31st. Hmm...why the rush now SEC? Something happening the first of the new year? Lol sus
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I'd be truly surprised if anything became of it. China is too vested in the U.S. to sink their interests, and the rest of the worlds'. That type of war isn't really being fought anymore, we've moved on to other ways, with combat performed by contractors in 3rd world proxys.
I'm glad to see there are folks who have faith in the restraint of China's global ambitions... personally, I'm afraid Ji will launch an attack the moment his citizenry starts to get restless and unruly due to the collapsing economy. And as for Ole Joe following through with his tough talk, yea... don't hold your breath. The public has selective amnesia... doesn't remember 2017, when the MSM spent a campaign of 18 months straight trying to convince us that North Korea was going to start war with the U.S. any day now...missle tests flying weekly, etc. Look how that turned out? Another nothing burger. China and all the other major countries are now too financially entangled. Physical war would be far too devastating. Like nutilah said, they've moved on to financial warfare and covert ops now.
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I do not think Ethereum would centralize to a single authority. But it would collapse to a small number of very powerful members of a group. It would need the kind of infrastructure that only countries and huge corporations (think Amazon, Google) could create and maintain. So we just end up with a new system that works just like the old one. The members of that "fedaration" could meet and set policy as they see fit.
And then the obvious question. Why on earth waste all this time and money running a blockchain when they can just do it with a good old shared database? There is no reason.
And poof the reason for Ethereum to exist in the first place disappears into a puff of logic.
The central banks seem to have already figured this out. They are not going to waste time trying to make something decentralized for their CDBCs. Why would they? It would not benefit them. Now i imagine they might use the NAME "blockchain". But...
Exactly. Also, they could simply say they released their CBDCs on a blockchain, whether it was current fork, or some other homegrown blockchain. But they simply use the old system already in place behind the scenes, tried and tested, and citizens would not be able to verify that either way. It's all digital and hidden to the end user. Absolutely nothing would be different and nothing would change.
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True stack what you can Average Joes don't have the money to buy a 400 oz bar of gold, but they still buy fractional gold to this very day. They don't say "Well if I can't buy a whole 400 oz bar, or a kilo bar, then I no longer want gold." This cognitive dissonance wrt bitcoin blows my mind. Why do people need constant reminding that buying fractional btc is ok? We are truly living in Idiocracy clown world.
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