And what happens when U$D is in very bad situation due to printing money? One bitcoin is one bitcoin. But how do we calculate the value if $1 is $10.000 in a few years? It's not going to work like that. The US dollar is the reserve currency, and the only currency big enough and liquid enough to absorb all the money printing everyone else is doing. It's why despite the Fed printing like crazy all year, the USD is up against all major other currencies, by a lot. This will keep going, the USD will keep strengthening, right up till it implodes. It won't be a slow inflation, it can't be. USD will be the most sort after currency in the world (ie more people wanting to buy than sell, which pushes price UP not DOWN) for a while, then it will implode, probably overnight, when richer more powerful people than us or the idiots we vote for decide it can no longer survive. God knows what comes next, but I expect bitcoin will do well, and be worth a lot in whatever new ponzi scheme they replace the current system with. |
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Bitcoin Forms Elusive Golden Cross Pattern as Economic Models Forecast Fresh HighsThis elusive pattern was formed between its 50-day and 200-day moving averages and elucidates that the crypto’s macro market structure is incredibly strong.  Source: https://www.newsbtc.com/2020/05/20/bitcoin-forms-golden-cross-pattern/This is just a model, the one that is most accepted is the S2F that predicts that in some time not so far away, Bitcoin can reach $ 300k looking at that chart, can't I see a similar "Elusive Golden Cross" a few months ago? Immediately afterwards bitcoin fell of a fucking cliff. |
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I can't see why everybody is making a big fuss about some author. What do children's books have to do with Bitcoin? If she were a plumber or farmer would people care?
Okay, I guess she has more money to convert to Bitcoin than your average plumber or farmer. I could have said medical patent holder or architect.
No matter. It has nothing to do with Bitcoin. Have people become so brainwashed with celebrity propaganda that they think she's something special? She's just a writer fer crissakes. Celebrity and sports worship is one of the bigger signs of a declining civilization. Possibly the richest sportsman in history was a roman charioteer. He drove around in circles, much like your typical race car driver does today. He had a personal fortune worth billions in todays money. That's interesting. I guess the more society gets fucked up, the worse the economic system gets for the common man, the more they need bread and circuses to distract them from the brutal crushing reality of living in a dying empire with a dying economic and currency system. |
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Just close above 10k would you, sick of this bounce off shit. I like making money when it goes up, but I like tweeting the price to Paul Krugman even more. Sometimes Schiff for shits and giggles.
Don’t be bothered sending about BTC to some n00bs I just like reminding people who have been saying bitcoin is a worthless scam for the last 10 years how wrong they have been. Especially when they have a Nobel Prize  They certainly tweet about it every time it goes down in value. "Bitcoin has dropped 70% to only $5000, you all should have listened when I told you what a scam it was when it was $12"  |
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Just close above 10k would you, sick of this bounce off shit. I like making money when it goes up, but I like tweeting the price to Paul Krugman even more. Sometimes Schiff for shits and giggles.
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J.K. Rowling is starting to piss me off on Twitter now, begging for attention. Nobody cares if you don’t want to invest in bitcoin, we don’t need your worthless fiat to moon, silly old boomer cunt.
She has millions of followers so look at the positive and take this as a free publicity. who knows if some of her followers might end up buying some BTC. Pretty much everyone knows about bitcoin, it didn't help that all the replies were retarded. But it doesn't matter, the next era of bitcoin will be because its necessary, not because of publicity, or speculation, or technical curiosity like previous era's. Pretty much everyone??? May be In parallel dimension. About retarded replies... what else you can expect from the nerd community when talking with the opposite sex |
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J.K. Rowling is starting to piss me off on Twitter now, begging for attention. Nobody cares if you don’t want to invest in bitcoin, we don’t need your worthless fiat to moon, silly old boomer cunt.
She has millions of followers so look at the positive and take this as a free publicity. who knows if some of her followers might end up buying some BTC. Pretty much everyone knows about bitcoin, it didn't help that all the replies were retarded. But it doesn't matter, the next era of bitcoin will be because its necessary, not because of publicity, or speculation, or technical curiosity like previous era's. Lot's of people have heard of bitcoin, sure... of course, but they have hardly no fucking clue about what it is, including some people who buy it, and I am not even excluding myself from such person's who have difficulties understanding what the fuck bitcoin is. In other words, I would not presume anything even close to full knowledge coming from anyone merely because they had heard what bitcoin is and they are able to describe it in one or two sentences. Agree 100% Pretty sure none of the replies will help anyone with that! My larger point I suppose, was that I don't think the next leg up will be people buying because they saw a J.K tweet, but because they need to buy it. |
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J.K. Rowling is starting to piss me off on Twitter now, begging for attention. Nobody cares if you don’t want to invest in bitcoin, we don’t need your worthless fiat to moon, silly old boomer cunt.
She has millions of followers so look at the positive and take this as a free publicity. who knows if some of her followers might end up buying some BTC. Pretty much everyone knows about bitcoin, it didn't help that all the replies were retarded. But it doesn't matter, the next era of bitcoin will be because its necessary, not because of publicity, or speculation, or technical curiosity like previous era's. |
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0.1257BTC
EDIT: what country is the coin located?
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Not gonna happen at this point. Too much liquidity in the system already and everyone knows that if stocks do fall, the Fed will step in to print more money to prop them back up. Even if stocks did fall, BTC will fall along with them. Anyone who thinks otherwise is just refusing to learn from what happened last time around. The best argument I've heard about BTC not being correlated with the stock market is "it's a short term correlation." This may be true, but its a correlation nonetheless, that occurs during a critical time period. But I do expect the impact of a stock sell down on the Bitcoin price to be less this time. They know how hard it can (will) rebound.
This could very well be the case. Not sure that's true. Bitcoin is looking more and more like Gold, in that in extreme stress events it's correlated, because when people need cash in hurry they sell anything liquid to meet margin calls, but outside those extreme events, they have very little correlation. Gold sold off hard in 2008, but 6 months later was at all time highs, I would not be surprised to see stock fall heavily again, but bitcoin keep climbing. The Fed can't prop stocks up indefinitely, they can inject confidence, but I'm not convinced by the whole stock market is separate from the economy thing that has been going round. We're still in a deflationary environment, I expect the dollar and bitcoin will go up, stocks will test new lows within a month. |
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Congrats Michail1, it's a very cool piece! And thanks for running it anonymousminer  Super generous, I appreciate the chance to win something this cool |
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