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Godwin's Law never fails.
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Jogging!
Running completely frees all stress. It's amazing.
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Right now Bitcoin has low US dollar volume compared to other equities. I think soon when BTC becomes widespread in everyday business it'll become a significant part of the economy IMO.
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Creating a central bank would defeat the purpose of cryptos. It's nonsensical to develop the world's most technologically advanced decentralized cash solution only to centralize it!
Why have miners and decentralization then if a central entity will manage things?
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Blockchain's killer purpose is decentralization.
Centralized systems do not need blockchain.
Every time someone proposes blockchain, ask if the system is decentralized. If the system is centralized then you can simply use a legacy database system instead.
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I've noticed a concerted effort by several mass media outlets the past 10 days.
They've been dissing Bitcoin 24x7 which happened just before BTC soared almost 30% in a few days. Hmmmm.
They're trying to keep prices low so they keep buying moar!
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The markets continue bleeding.
Bad economy? No. Actually the economy is fine.
Low productivity? No. Productivity has never been this high.
Why are the markets crashing???
Because one bank, with 17 people inside it, decide to crash the markets.
When will The People do something about the FED?
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Are you talking about this one? ( https://www.marketwatch.com/story/defying-trump-fed-hikes-interest-rates-by-a-quarter-point-2018-12-19) This is the latest statement from the FED that might cause the stock market to crash and that was on a Wednesday and I don't see anything mentioning about printing money or I'm just missing something. And the statement has something to do with lowering the "growth and inflation" forecast for next year. I guess its really forthcoming although is doesn't look good for Trump because it looks like they're defying him (again). You're missing something. The FED prints money whenever they want. But they don't call it "to print money". They call it something fancy so average people don't understand and they can keep their theatre going. When the FED says they'll "tighten" controls, it means they will print less money. When the FED says they'll "ease", it means they print money. When the FED eases (prints their dirty money), the stock markets soar. Yesterday they said they'd raise rates again in 2019, which in FEDspeak means "tightening". |
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It seems there have to be some elements of luck too as some projects may have passed through all these tests but may not still pull through
I think it depends, some are brilliant but have a really bad revenue model, once the market tumbles they struggle This bear market has been a great filter of bad projects. There were some obviously fraudulent projects that went broke with this bear market. The next bull run will be much higher quality than the earlier ones. I recently saw a youtuber who was obviously misleading people showing how broke he was. That's the kind of low quality influence that cryptos are naturally getting rid of. The crypto markets work. It's real capitalism, not fake FED money printed to control a fake market with fake valuation. |
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Today I had the pleasure to find a tech service that only accepts cryptocurrency for payment!
IMO the cryptocurrency market will only stabilize when millions of shops start accepting cryptos.
When cryptocurrencies acquire real world price references like buying a coffee, buying food, paying for utility bills - that's when cryptos will gain "real world value" and become a reference.
Right now average people see Bitcoin as magic. They should see it as regular currency!
When the phrase "I paid just 200 satoshi for this" becomes household speak, that's when cryptos will become stable.
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Cryptocurrencies must being to be used in real world purchases.
If you buy 1 kg of fish using X crypto, then the price sets in. People need to start using crypto to buy and sell stuff. When this becomes widespread, crypto prices will gain real world references.
Why does everyone know a coffee is worth $1? Because people buy coffee for $1. If the dollar were only used for investing and hoarding, nobody would know how much a coffee cost.
When coffees begin to be sold for X satoshi, that's when BTC will become more stable IMO.
We need widespread adoption.
Adoption begins by exposing the FED printed money farse. Tell your friends how the FED works, how they print money for themselves, how banks rob you 24x7. That's when The People will adopt cryptos for everyday life.
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As the FED/ECB money printing party farse is exposed and the markets collapse (only a matter of time) obviously people will have less fiat to invest in cryptocurrencies.
But this may not be bad after all.
We need to move on from the FED farse and adopt cryptos worldwide. We must actually pay for stuff in BTC and other cryptos.
All we need is for enough shops and businesses to adopt crypto and make it a viable currency. That's when the FED fraud collapses.
The world is sitting on U$ 182 TRILLION in debt. It is unpayable. They printed all this money and bankers hold most of it. This debt does not exist, it is impossible to pay. The US could not pay it in 10 years if they wanted to.
If you stop and think about this for a minute you'll realize the farse we've all been living in.
Italy's quality of life collapse after the Euro. I remember the 80's and 90's in Italy, then the year 2000 changed everything. The Euro made local work and local production worthless. Why? Because the ECB prints money at will.
The ECB does to the Europeans the same damage the FED does Americans the same damage BOJ does Japanese. The FED system must end.
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Jobs data is based on jobless claims.
If people are finding cheap low wage jobs, jobless claims go down and government brags of lower unemployment.
What we saw yesterday has nothing to do with the economy, but with a handful of bankers who control the economy.
There is no supply/demand, there is no value, nothing, it's simply the FED printing money when they feel like it.
The markets no longer fluctuate according to performance but fluctuate according to the FED.
Unemployment is simply a blip, a small detail. The FED is the man behind the curtain.
The markets are rigged.
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I wonder, why a governments want protect their citizen's privacy and that too with the reason of dealing with drugs.
Moreover, I suspect about the reliability of this article as it sounds a government work like close friend or colleague lol, a complete news and shocking. I read Justin Trudeau is a good hearted person and welcoming refugees but now it seems he is more friendly for preventing family problems too. lol.
Fully agree with this. Why would a government entity suddenly feel compelled to protect privacy? Governments literally fight each other for more access to population's private habits! |
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What kind of capitalism is it when the markets depend on the FED?
It doesn't matter if 300 million Americans and billions of Asians work today or not.
It doesn't matter if a meteorite falls on Earth right now.
All that matters is whether the FED will print more FED-money to pump the markets or not!!!
All that you do, all your work, all the world's production is worthless because the FED/BCE/BOJ can simply print more money.
Everyone must work more and more to sustain a system that is absolutely unreal and illogical.
Everything we do, every single thing of value that is produced is subject to the valuation of a token that the FED prints at will. An inventor spends decades researching, files a patent, sells his patent for 100k dollars. The FED simply prints a trillion U$. That's the proportion we have right now.
For how long will The People of the world continue to accept this system?
Who knows about this first of all,lot of people don't have any knowledge how the money came from and why they are still can't rich even if they are earning more and more from the previous year,why the inflation happens and who is controlling the money.If they knows that then they will look for alternative payment medium like bitcoin. For sure. People think moneyis magical and simply is a natural thing. We need to help educate others and tell them the truth about where their money comes from. Money is printed by a handful of people in their own interest. |
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I think it's not affecting the price of bitcoin bit its another steps and good news to everyone that Google now is alright to make ads to their platform. Maybe they realise that there will be a good to allow crypto in their platform to advertise. This might be a good incentive for more crypto sites to appear. More sites = more buzz, more people joining the crypto movement. Also shows that Google isn't against cryptos in principle, which is a strong signal IMO. |
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I have no agenda. I am simply watching BILLIONS of people's dollars disappear into thin air because 17 people sat around a table this afternoon and decided to print less money.
We have one bank with a few people in it which can easily say that everything you've saved up in your entire life is now worth one cookie.
This system determines your children's future, your quality of life, whether your grandsons will go to college or not and so on.
The FED. One bank. Just sank the US markets.
What kind of phony capitalism is this?
I don't like it either, but the thing is that you don't have to subject yourself to this system if you don't want to. Bitcoin provides the perfect tools to allow you to hedge the risks coming from a system that's only meant to work against you instead of for you. It's not that it's something entirely new, it happened for decades now and people are looking but not taking any action. It's like they expect the next time to be different/better, but that's entirely false. It's a system working to serve a small layer of the economy, and there is no incentive from the elite to change anything about it, so it's pointless waiting. If you don't utilize Bitcoin you're begging to be sucked into this shit for plenty of more years to come. I wish I could send you Merit but I got none. Thanks for your reply. This thread was only a small protest in face of today's blatant market manipulation by that very small layer of the economy. 17 bankers, working for bankers, sat around a table and decided what the markets should do. It's not supply and demand, it's not real production or valuable services. It's fake money they print whenever they want. The markets are rigged. |
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You do realize that the stock market reacts to a lot of other things, too, right? The fact that it reacted to a statement by the fed (still don't know what the statement was) isn't surprising. Individual stocks can react to things like rumors of a takeover, a change in management, and many other things. The market reacts to the unemployment rate, inflation, interest rates, and all sorts of other economic factors. It seems to me that you're cherry picking this fed statement for your own agenda, i.e., bashing the fed. And I'm not saying they shouldn't be bashed, because I'm not a fan of the Federal Reserve System, but you're not really proving anything here.
I'm not sure what your point is? I have no agenda. I am simply watching BILLIONS of people's dollars disappear into thin air because 17 people sat around a table this afternoon and decided to print less money. We have one bank with a few people in it which can easily say that everything you've saved up in your entire life is now worth one cookie. This system determines your children's future, your quality of life, whether your grandsons will go to college or not and so on. The FED. One bank. Just sank the US markets. What kind of phony capitalism is this?  |
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Below is a snapshot of the time of the FED's announcement a few minutes ago. They simply control all prices. Markets collapse in 15 minutes with a simple statement from the FED. Let that sink in for a moment. One statement and the markets collapse. If you think this is normal then you don't understand real capitalism.  |
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One bank. Controlled by 17 bankers. Has just taken down the US stock markets with one statement.
I agree with the insanity part of what you're saying, but what are you talking about in the bolded part of your post? I don't read the news and don't follow what the fed is doing. Did they announce a new round of QE? All of the stocks I own are actually up quite a bit today, and the stock market is up, marginally. A lot of people are indeed sheep, and I probably qualify as one of those. As long as disaster hasn't hit yet, most of the population will feel comfortable--but yeah....all this money printing is absolutely ridiculous, and I'm not sure our leaders have an exit strategy for this, or if they do it's probably something very sinister. The minute I posted that the US markets had gone from over 1% green to deep red with just one statement from the FED. The FED controls the markets. There is no real capitalism, it's a FEuDal system. |
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