Imagine being fiat, and the most valuable thing you do on the planet is get traded for more valuable, deflationary assets. |
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They want to break the ATH so people will go home for Thanksgiving and talk about it.
OMG... You gotta be trolling with that Torque... no? Almost worth a merit... if you were actually trying to be funny rather than probably really believing that "they" crap.  They = whales Yes they do exist Also fk off  |
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They want to break the ATH so people will go home for Thanksgiving and talk about it.
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Blackrock's CIO of Global Fixed Income talking about Bitcoin replacing gold on CNBC today: I think Bitcoin is here to stay [...]. Do I think that it is durable mechanism that will take the place of gold to a large extent? Yes I do, because it's so much more functional than passing a bar of gold around https://twitter.com/APompliano/status/1329774212018475010But...bbut... that can't be true??  Years ago they said Bitcoin was a Ponzi ! Years ago they said Bitcoin was a scam ! Years ago they said it would be banned by govts !  |
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How can it be considered wiser to rent from an individual owner as opposed to 'renting' from the bank - you'd be obliged to either one and both could theoretically kick you out for non-payment. How about, um, owning your own home? As in: Free and clear.What a nice society you have: The “American dream” of home ownership is truly dead, out of reach and unthinkable to the overwhelming majority of Americans. It has been replaced by an illusion based on a false dichotomy between renting from the bank via an intermediary “landlord” who rents from a bank, and renting directly from the bank. The banks own everything! You are so immersed in debt culture based on debt-“backed” money and total submission to the banks, you cannot even see what is wrong with your proposition. Bitcoin, and home ownership: Be your own bank. Be the king of your castle.In 2018 I had no choice, I was in a situation where I needed to acquire a house asap. My plan was to get a mortgage, sell only enough btc for a down payment, and let the rest ride. Then I would hodl my btc until it appreciated years later and eventually would pay off the loan early. The problem I ran into was that a) in 2018 bitcoin value was falling rapidly, and b) the bank would not certify me for a "jumbo loan" which would have been required to buy the house + the land **. So reluctantly I had to sell enough btc to buy the property outright. Which ended up being a smart move overall, but cost me a big chunk of my total bitcoin. The price of bitcoin is obviously now higher than when I had to sell, so that really sucks. I will say though, owning your house outright does feel good, especially when it is your "forever home" that you plan to live in until you die. The only costs are the property taxes (extremely low where I live) and the monthly bills. Edit: ** Oh, you guys may also find this interesting. When I broached the bank to use my bitcoin as collateral for the loan, they still didn't know what it was. I had to explain it to them, and still I couldn't use it as collateral. Lol. I'm sure that will be changing very soon.  |
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this is more like 2016 nov to dec.
to be like nov 2017 we would be at 35k to be like ath of dec 2017 we need to be at 78k.
this from a mining viewpoint.
if you want to say it from a trade viewpoint we were 3900k and to jump to 78k is 20x
in jan of of 2017 we were about 1k in dec of 2017 we were about 20k.
hmm 20x jump did not I just mention this for the mining viewpoint?
so we would be at dec 2017 ath when we reach 78k
this is much like 2016 not 2017
I agree. This feels like the "this is a sucker's rally" phase of Nov-Dec 2016. OG Bitcoin bulls were the only ones excited. Hadn't broken previous ATH of 1150 yet. MSM was hardly reporting anything. Trolls were long gone. Volume was still low. Nocoiners were still oblivious. Then we rounded the corner into 2017 and broke the previous ATH. And then all hell broke loose. MSM went crazy after that. So we've still got all of 2021 to go before we see "crazy shit". |
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@JayJuanGee Today I am writing here on this thread first time because I am new to this forum and in this community trying hard to understand someone suggest me if I want to understand this all then I have to read your posts very carefully so I already done and read some good number of pages look like its very interesting for me but still want to ask can you give more tips to understand this all thanks.
I don't think its important as I have some good knowledge after reading his too may old posts he is doing really good here just ask if he can suggest any thing else I am already doing some personal search also but his suggestion may help more quickly.
The first thing, the very first thing that you can do to improve your life and raise your status and respect in the eyes of others beyond anything else is to get very very acquainted with the period sign. "." |
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Patetik and Haaalerius!
This caught my eye. What is the reference? |
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I think he's talking from a point of view where it does not matter to him, so it would seem he is genuinely asking for people to come up with smart ways to discuss the topic. He knows he's going to get a lot of carnivores biting him.
(Or, he already bought, and just riling up the masses who will read the tweet.)
Ray probably already solidified his view on Bitcoin back in 2013. To a billionaire hedge fund manager, I can imagine that there are literally hundreds or thousands of investments out there that, to him, look like "a bunch of dumb small caps or penny stocks". And Bitcoin probably is counted among them. But for some reason, it keeps coming back up every few years....like a bad penny. And it's now moving from small cap to med cap status. |
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Maybe I am naive but I am taking him at his word. I think he is wondering... wait, what is going on here? Am I missing something and asking for perspective. Otherwise why would he offer such a large target to all the drooling bitcoin twitter carnivore chorus? I would assume he might be contacted by some people in his own sphere who are starting to pile in with some perspectives he will respect. This could be the start of the orange pill process for him. Or, maybe he's just salty. Eh, I have my doubts. He's asking the question just like J.K. Rowling asked the same question. I.E. in a very condescending, simplistic way as if they already know what Bitcoin is all about, but just want to pontificate. Such is how narcissists talk to the masses. Because the masses can't possibly know something that they don't, right? IMHO, you can't truly know what Bitcoin is and how important it is until: 1. You fully understand what problem Bitcoin is trying to solve. --and-- 2. How truly fucking DIRE and SERIOUS that problem is. If you don't understand these two things, then even if you kind of understand Bitcoin at a quasi tech-level, you will still never truly "get it". And if you are already wealthy, you may not even care (Winklevii and Saylor types notwithstanding). |
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Funny how those that were once big Bitcoin proponents got suckered into the shitcoin market in the last few years and dumped all their BTC for shitcoins, and are now saying "Don't FOMO into the Bitcoin rally". https://www.youtube.com/watch?v=2GfKd2ZuF3Y  What he's saying could happen. Or maybe not, and we just keep rising. |
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I am pro shitcoin (just a few are needed) for this reason.
XMR or some other coin can be the sneaky coin that paints a target on its back.
LTC and Doge can do small transactions.
This thread has a lot of BTC maximumist (sp) people I am not one of them.
1 coin makes it easier for governments of the world to control.
As in your question we know that governments will be doing this.
There is a less than zero chance, in any future scenario, that governments of the world would tell crypto brokers and exchanges to "Shut down all Bitcoin TM buying and selling. But the other shitcoins? Yeah they're cool, they can keep trading as normal." If a worldwide shutdown were to happen, it would be all crypto or nothing being bought/sold on public exchanges. But by then CBDC would likely be a huge worldwide thing, so difficult for them to sell the public on a double standard. Also, the more major corporations, investment banks, and HNW investors take large positions in Bitcoin, the less likely it will ever be outlawed. |
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OT: Tesla being added to the S&P 500 is the most insane thing I've seen in my life since Enron and Theranos.
What a fkd up world we live in now.
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https://twitter.com/kerooke/status/1328341089032548352On Friday, Skybridge Capital filed an amendment with the SEC, allowing their $3.6 billion fund to start investing in Bitcoin.
Keep an eye on @Scaramucci 👀 scaramucci has long been a goldfag, so all good now edit: prolly some Trump money in that fund, no? Slimy Scaramucci has a shit ton of Wall Street insider investor friends. If they tipped him then something big must be coming. |
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IMO the only questioin now is whether we will have a new ATH this week, or the next. The final countdown has begun: 20%, 19%, 18%, ...
Bitcoin will never make a new ATH again. We proved this years ago. What we're seeing now is just the erratic gyrations of a failing asset. Won't be much longer now before those playing this dangerous game are despondent as bitcoin resumes its multi-year downtrend. By the end of 2021 I don't think many people will care that much about bitcoin. What's even worse is that you've got people who sincerely believe bitcoin could see prices of $50k and even $100k, which we know for a certainty will never happen. Luckily there's still time for sensible people to exit this market and save themselves. Is this provable by science and maths? |
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Alternatively, even if the various bcashes were to attempt to join forces, which probably such joining of shitcoin forces would be a smarter move if any of them could coordinate well enough to figure out such a force joining strategy.. and then it could be called a unforkening.....
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OT: M2 money velocity in the U.S. the lowest point it has even been in recorded history. There is no economic recovery happening. https://fred.stlouisfed.org/series/M2VBut hey, let's just print trillions more of it! Yeah, that'll solve the problem. That low velocity is deceptive, imho. If and when covid era would be over, one way or another, all those unspent trillions will come to the fore, money velocity will increase first to the baseline and then, if people notice increased inflation, it would go up and up and then we would be in the inflationary crisis. Everything predicts the reversal of the bond market at some point. Yes but, there are 2 counter forces holding back inflation at the main street level: 1. Personal household debt (highest on record) 2. Capped out wage/salary increases (aka non-existent raises) As long as both of these factors stay in play, Average Joes cannot afford anything more than essential goods and services and servicing personal outstanding debt (house/car/credit cards/student loan debt). Therefore baseline goods/services inflation will never go anywhere much, but over longer timeframe will continue to eat away at Average Joes' monthly cash flow. Real asset price inflation (e.g. real estate, stocks, PMs, Bitcoin, fine art/collectibles), however, will continue to skyrocket. Because this is really where all those 'unspent trillions' are going. |
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