What is this retarded, Elwar-style, seastead / Ethereum propaganda you're typing?  

Political system:  The code is the law? HAHA.  

Political systems are a monopoly of force attempting to fuck over everyone who can't defend themselves.  Hodling valueless, imaginary shitcoins offers zero defense against that, especially when your shitcoins are not fungible, transaction validators are designed to centralize, and require use of the govt's own infrastructure.  

(((Satoshi))) has already been called out on this topic before:

I wonder if any of you cryptoscammers have realized yet that for the US dollar to function as world reserve currency, it has to constantly export dollars to the outside world in the form of trade imbalance.  If Trump ends the trade imbalance, it seems like a global currency reset by default.  This was all guaranteed to happen, so it's not really like he's doing anything special, just pushing the last domino over the cliff after it's already 99% run it's course anyway. A currency reset to what you may ask?  Well, my bet is on physical silver and gold and not Bitcoins.  Kinda self explanatory with Basel III making gold a tier 1 bank reserve asset.

Another display of why Bitcoin and everything (((digital currency))) related is a complete joke now.  The jew Charlie Shrem worshipping the world's worst/most obvious lying propagandist Anderson Cooper on Twitter.  And even fitting Barry Silbert in there too, the goyim frontman for (((Digital Currency Group))), which is affiliated with "all physical cash must be banned" (((Larry Summers))):



 

Mining HAS to skyrocket for the price to go up and actually stay there.  Nobody is going to buy a coin from you for $20k if they can simply mine it for $2-4k instead.  There is ZERO reason for them NOT to deploy massive amounts of new miners if the price was to legitimately increase, otherwise they're just leaving free money left on the table.

Put 2+2 together.  The only reason mining capex did NOT skyrocket in the last pump and dump to $20k is because these mining oligarchs knew it was nothing but sheer manipulation and fraud bringing it there, and criminal exchanges like Bitfinex and their Tethers cooking the books.  Actors like Bitmain and the Chinese mining cartels probably even collude with them behind the scenes to make it happen.  That is the nature of 21st century so called "capitalism" anywhere you look, it's always collusion of crony capitalist monopolies with each other in hopes of defrauding the non-colluding middle class.  It's the norm, not the exception.

Actors like Bitmain can do things like hoard all the supply that they're mining, fund operations entirely through borrowing, then after they have an enormous amount of coins, send them all to Bitfinex and use them as margin collateral to leverage the market 3x higher and dump all the valueless shitcoins they mined on idiots.  They don't expand their own mining operations because they already know the price increase is nothing but a scam of their own creation and they're just fleecing people.

^Plz no flat mooners.

Did you not read what I said?  If price was to skyrocket (and actually stay there and not instantly implode) it also requires mining to skyrocket as well.  If people are currently mining for $2k, $3k, $4k and the price 'only' went to $50k, you'd basically need mining to go up by an entire order of magnitude and it would use more power than the entire US.  Do you think such a thing is actually going to happen?  You would need LOTS more halvings before bitcoin could go anywhere near numbers you people claim without instantly causing some type of global energy crisis.

If Bitcoin is a US govt invention whose main purpose is to try and place people into a cashless society slavery system where everything is tracked and monitored, they probably realized this and tried (and failed) to force people into bullshit like Ethereum instead which doesn't face these immediate energy issues (but instead has numerous of it's own unworkable issues).  Anyway, fuckem all.  The central planner kikes can all roast.  I'm in physical metals.

Can't wait till the Jewish occupied US govt finally implodes.  Market cap of bitcoin is $140 billion and it swings by like 40% some days (6-7% today).  Market cap of above ground, investment grade silver is like $40 billion, yet the most it moves (due to the ESF) is 1%.....one fucking percent a day LOL.  Of course those lack of movements just build up into an unsustainable snowball over time, eventually making the ESF catastrophically implode, then you would theoretically see even bigger movements in silver from being a smaller market cap than bitcoin.  That unsustainable snowball is getting close.

Okay, since you people are chart illiterate, let me spell it out for you in caveman terms for the mining specifically.  If the price of bitcoin is high and the mining cost of production is low, the market then becomes flooded with new mining to take advantage of that.  Even though Gmaxwell tried to argue with me and claim it doesn't, I would say the bitcoin price definitely trends towards cost of production, especially because there's so much fuckery going on like people stealing power and buying miners to do things like launder money and they're willing to take a hit in the conversion.

So for mining you definitely have a decent amount of irrational actors who don't even care about mining for profit because profit isn't even their motive, just to clean the bills.  Or they're stealing power and it's all free regardless. Anyway, there never was a real mining capex explosion resulting from the rise to $20k.  If the price of bitcoin only went to even $50k and managed to stay near there somehow over an extended period in the near future (1-4 years), it would require mining to explode by something like an order of magnitude from where it is now.  It would probably use more power than the entire US.  It's not likely that happens.

Nope, I got them right.  It was an approximation, but it's right.  There was a significant period of dragging on the lower bound both times before each pump and dump spike, which has not happened here, and each period of dragging on the lower bound extends each time.  Also, if you look at a mining capex chart, the mining appears to be peaking out at the top of an arc.  

The mining capex is probably the more relevant chart than this because it's what determines the price floor.  In other words, the price can't just magically go to $100k without mining also skyrocketing, but there's kinda way too much bitcoin mining already and it's just not really realistic for bitcoin mining to go up by like an order of magnitude to support said price.  Even after one more halving it would probably use as much power as the entire United States if the price went to $100k.  Miners didn't even increase capex in the last pump and dump to $20k (it stayed at $2-3k cost of production) because they knew it was an unsustainable market rigging scam.

You guys are some serious chart noobs.  First of all, a chart showing bitcoin going to infinity at a 45 degree angle is obviously not sustainable.  Secondly, even if you make believe it is sustainable and will continue to infinity, your chart DOESN'T show the start of a bull market right now.  It shows each bear market accumulation phase gaining significant length between peaks, as I've highlighted with the yellow squares, so an actual $20k-style pump and dump wouldn't even occur till like late 2021 or early 2022.



Then of course you have the issues such as transaction validators being designed to centralize giving bitcoin zero fundamentals and no reason to exist, and Lightning Network is garbage that just recreates the already existing banking system on-chain, so neither decentralization or scalability have been solved (decentralization is not actually solvable because it's 100% impossible to create a decentralized digital currency).

Oy vey.  It appears the darn price is decreasing again.  This reminds me of the time Lauda rounded up 6 million trannies and placed them all in camps, then brutally, systematically, with machine-like efficiency, misgendered every single one.  She went after the fat ones with bodies like a sack of potatoes  that could never in their wildest dreams pass as female and made comments like "Hey, Ralph.  I see you there, Ralph."  This is why the safe space was invented, because everyone knew it was only a matter of time before another Laudacaust occurred.

If JayJuanGee & Micgoossens are at the scene, what else could you call it besides a fool's rally?

Maybe you'll get lucky and it's insider trading front running some type of event.  I clicked the (((Alex Jones show))) today to see what type of nonsense he was talking about and he was shilling FOR the overthrow of Venezeula AND for war with Iran LOL.  He's not even trying to hide it anymore the only purpose of his show is to try and deflect attention away from the Jews for things like 9/11 (USS Liberty 2.0) and now to read line by line verbatim Mossad propaganda.

This dumb comment is virtually identical to black people's explanation for 'raycism' - "they just be ignorant".  No, white people are racist due to knowledge, not because "ignorance".  They know the crime statistics have blacks committing violent crimes at a rate of something like 10x higher than everyone else.  They're not avoiding moving to Detroit because of ignorance.

Same with bitcoin. I'm not "scared" or "ignorant" of bitcoin.  I'm not all-in on digital shitcoins because I know TOO MUCH about them and know they have zero fundamentals because they're designed to centralize.  You clueless scammers with barely any knowledge about how these things work keep parotting nonsensical slogans when it's not even possible to create a decentralized digital currency in the first place.  Transaction validators are always designed to centralize; combine that with tokens being non-fungible and you have a completely dystopian permissioned ledger.

That was the most nonsensical argument I've ever heard in this thread, even dwarfing that of JayJuanGee jibberish.  Absolutely nothing has changed from Hal Finney's original statement about Bitcoin functioning only as a settlement system.  Lightning Network is a giant, ultra-centralized flop that's just an exact recreation of the already existing banking system.

If you're in the camp that believes Bitcoin wasn't created by the govt as a trojan horse for a cashless society slavery system, then their op to control the price would have obviously been when they launched those CME derivatives.  Since nobody uses them, they would likely shift to plan B and do something like walk into Coinbase, issue a gag order and seize it under "national security" while paying them off with some stipend, then go full blown fractional reserve Gox 2.0.

If you assume bitcoin is not created by the govt as a trojan horse, their goal is to obviously control the price through fraudulent derivatives just like they do in metals.  For their next step, since step one obviously didn't work, they would either do something like take over Coinbase and manipulate there or just try to outlaw them all together.  I don't really see that happening myself since bitcoin is likely a govt invention and they want people to buy these dystopian tracking system tokens instead of metals.

Maybe a random idiot will buy some TESLA stock too?  Instead of claiming it has some type of fundamentals - it doesn't, it's designed to centralize and there's no reason for it to exist since the first day sha256 ASICs were created except for very temporary regulatory arbitrage - his 'shtick' is that "maybe a random idiot will buy some and increase the price".  JayJuanGee is the world's least mentally endowed pump and dump scammer ever created.

You're the one that does nothing but spam lies.  Currencies have 0 value whether it's fiat, Bitcoin, or Chuck E Cheese tokens.  All currencies are pump and dump scams.  Physical metals are money and not currencies, but you and your gang of scammers like Trollgoosens flood the forum with lies claiming bitcoin is something besides a designed to centralize, non-fungible currency.  At least people like Wolong are honest about trying to rip people off for profit.  You're so delusional you started believing your own lies.

JayJuanGee is sitting here looking like the second coming of Richard Simmons throwing dice in an alleyway.

If you actually know the story, they used the leveraged trading PAPER market, and then the Jew banks came in and changed the rules on things like margin requirements mid-flight, forcing them from being buyers/holders to sellers. They have no cornering of anything if their supply is encumbered in the equivalent of a variable rate mortgage that can blow up at any time.  Since everyone already knows the Hunt brother's lesson, it's likely the fraudulent exchange prices can literally go to zero the closer you get to moonshot revaluation of metals simply because nobody will be willing to take the buy side order of the non-performing, digital, paper trade at all and instead only buys physical instead.