The opinions of Warren Buffet in regards to Bitcoin are well known for years. I don't know what's the point of gathering all his FUD statements in one forum thread.OP,you aren't bringing anything new to the table here.Buffet will keep hating on Bitcoin,and we will keep ignoring his hate,or at least use his statements to create pointless forum threads and make fun of him. The "rat poison" statement by Buffet is old news.His arguments why Bitcoin is trash are completely irrelevant. Even if the Bitcoin price reaches 1M USD,the haters gonna hate Bitcoin...
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Trump doesn't need Bitcoin.He needs a good lawyer or a team of good lawyers,because of the upcoming tax evasion lawsuits. In the next few years,Bitcoin will become as regulated as the fiat banks,so what kind of financial freedom will Trump get,by buying BTC and storing them in some crypto exchange or crypto wallet,that requires ID verification?The US federal government has the power to destroy every business in the world,including every cryptocurrency business. Trump will have to buy Monero and hide in the darknet(but the darknet is also controlled by CIA/FBI)...
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From a financial point of view,1 BTC from 2021 is NOT equal to 1 BTC from the past years.The BTC price is different and the BTC market is different,compared with all the previous years. From a technical point of view,1BTC=1BTC,because Bitcoin Core wasn't divided or forked(I'm not counting BCH,BSV and all the forked altcoins/shitcoins,that claim to be Bitcoin)and the total BTC supply didn't change. I think that most of the people are making the mistake of mixing the financial with the technical side of Bitcoin.
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The billionaires have more than 90% of their wealth distributed in stocks and other not-so-liquid and heavily regulated assets.Do you know how difficult it is to sell stocks worth millions or billions of USD and then buy Bitcoins?The buying fees will be really high,and the rapid BTC price growth will cause losses to the guy,who wants to buy lots of BTC.The crypto whales usually buy small portions of BTC,but they do it consistently. Jack Ma is probably in some secret Chinese prison or maybe he is dead.
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The main currencies like usd eur gbp cad ...... Who payed for that ? With their devalue of money and fall of living standard ?
Venezuela, nigeria,zimbawe , russia...and other high inflation countries If you from venezuela kind of country you shouldt not cheering happy when you see money printer goes brrrr.... And if btc goes up then you know its stealing from your pocket
How the hell can Bitcoin steal from the poor,since the poor don't buy and own Bitcoins? This doesn't make any sense. Inflation makes all the poor people even more broke and poor,but this has nothing to do with Bitcoin. It has something to do with the corrupt governments,that are making huge budget deficits and huge national debts. The middle class and the working class are "paying" for inflation and money devaluation,but Bitcoin has nothing to do with this.You are basically just trolling.
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It seems that the Bitcoin price has recovered a little bit back to 35.7K USD,after the Sunday/Monday drop. I'm not sure if this is a bear market coming or just increased price volatility.Perhaps the price will be going up and down between 30K and 40K USD in the next few weeks or months. The selling pressure was too high at 40K USD so the price can't get enough support coming from the buyers(and HODLers) to stay above 40K and to go to 50K USD. Anyway,the crypto market is way more interesting in 2020/2021,compared with the boring 2018 and 2019.
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There are thousands of people like this guy.People,who were scammed by crypto HYIP,cloud mining,investment scams,crypto exchanges,etc...All those people are frustrated and powerless,so the only thing they can do is to start trolling and shitting over Bitcoin and the crypto industry. If this guy was scammed in a fiat money scheme,he wouldn't start yelling "US dollar is a ponzi scheme scam" everywhere on the internet. Unfortunately,all victims of online scams have to learn their lessons the hard way.We don't have time to convince them or educate them.
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What kind of coins have you sold?Did you sell 325 Bitcoins,bought at $4?
I get your point of view.This is what every FUDster and Bitcoin hater has been saying about BTC for the last 5 years. What I don't get is why are you insulting people.Are you frustrated of something? OK,Bitcoin owners are $laves,fiat money bitches,central banker bitches,etc. BUT you owned Bitcoins too,which makes you one of those $laves,fiat money bitches,etc... If you are such a big Bitcoin hater,why didn't you sell your BTC at 5-10K USD,a few months ago? Why didn't you sell all your BTC at a 500USD price back in 2015? Why are you selling right now at a price above 30K USD? We aren't so different after all...
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I think it is Just a matter of time. Elon musk has represented Tesla to world amazingly. Their marketing, their product development, their way to work is just awsome. They are taking the car industry to another level. In next few years they even could overtake Apple. Its not impossible. Musk's thoughts are 10 years ahead of our's. So it would not shock us if they overtake apple. Even few months ago his net worth was 20 billion. But now its more than 185 billion. So you can imagine how fastly Tesla is growing.
Tesla did a great job selling electric cars to pretentious liberals from the middle class and the higher upper class,who think that owning an electric car is "cool" and "environment-friendly",while the production of those cars and Li-ion batteries is still very dirty and polluting the environment.Great marketing,indeed. This isn't "taking the car industry to another level".Li-ion batteries will remain very expensive in the next decades,so the electric cars will stay expensive and the working class can't afford buying such cars.
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The price drop was pretty much expected.The bull rally,that happened for 2 weeks and the price went from 20K to 41K USD was a bubble and that bubble had to burst. I missed the opportunity to sell at 40K USD,so I'm in the bear team now and want to price to go down back to 20K USD,so we all could buy more BTC. When the price goes up,I sell a portion of my BTC,when the price goes down,I just HODL and wait for the cheap Bitcoins. This was supposed to be my trading strategy,but I was busy with other stuff,so I missed a lot of profits.
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Is Bitcoin merely an insurance policy against a myriad of different things we didn't realise we needed such as:
-inflation -currency devaluation -state intervention and confiscation? -regulation -the burden of owning something physical (and, lol, having to insure it) Do you think that we really need inflation,currency devaluation and state intervention? Bitcoin is NOT an "insurance policy" agaisnt regulation.The crypto companies are regulated and they will be regulated even more in the future. The "burden of owning something physical" can be said about owning a cold wallet or your private keys being written down on a piece of paper. Bitcoin is a risky investment,not an insurance policy.
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Gold is still way more stable than Bitcoin.This is the main quality of a safe heaven asset.Bitcoin got way more profitable than gold,but nobody knows when the Bitcoin price will crash and how big the price drop will be. The investors,who love risks and big profits have chosen Bitcoin,while the investors,who hate risks and love stability have chosen gold.
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Yeah,but the ordinary people are seeing that large companies trust Bitcoin,so Bitcoin will definitely look more legit in the eyes of the "Average Joe". Manipulating the BTC price is illegal and large banks and corporations still have to comply with the rules set by the government officials. Bitcoin cannot be "distributed equally".The people and companies with more money will get more Bitcoins.Unfortunately the poor are excluded from the distribution of wealth and resources.That's how capitalism works. I'm not happy,because I don't have enough Bitcoins. Institutional investors might bring a little bit more stability to the BTC market,because the small investors and crypto traders are more into short term trading,so they are more likely to panic sell and leave the market,when a price crash occurs.
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BTC has risen quite a bit recently, but at a slower overall rate than in December 2017.
Given that it looks like Joe and the Ho might actually get in, I am wondering if the big rise in BTC interest is because people are using crypto to transfer or HODL their cash assets to avoid taxes. I certainly would. I think that if it is the case, then BTC price has quite a bit of upside left in it yet, and when (not if) biden tanks the economy, then BTC will be used even more.
What do you think of the recent price gains and if the prices will stay up or crash out?
Trump won the election. biden was INSTALLED, not elected. There's a difference.
You can't avoid taxes by buying and holding crypto.If avoiding taxes by buying cryptocurrencies was allowed,then everyone would buy crypto coins years ago and the crypto prices would be 10 times higher. Biden and the democrats will probably try to slow down the massive growth of crypto,by increasing the taxes for the rich and the middle class and imposing more regulations over the financial markets. The Bitcoin price will crash for sure,but this is completely normal.
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Remove Coinbase as a "recommended" exchange??? Is there any official list of "recommended" cryptocurrency exchange platforms?Can you show us that list? I'm not a Coinbase fan,but they are a big company,so many people use them because they are big,which means they have a somewhat decent reputation. There are both positive and negative reviews about Coinbase,if you don't like them,just post a negative review online,you will help other people that way. Yes,their customer support is slow,just like the customer support of any major online business,that has millions of customers.
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If everyone HODLs BTC and yet there is still demand for BTC,the Bitcoin price will hit the moon. Which means that the BTC block rewards are more than enough for the BTC miners to maintain sufficient profits. The theory of everyone suddenly HODLing their BTC will remain just a theory.In reality,many traders won't resist the pressure of HODLing their BTC in a volatile market,so they will start selling,sooner or later.
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I don't think that the "real world" is taking Bitcoin seriously.Maybe a bunch of companies and institutional investors are taking BTC seriously,but 99% of the people and the majority of banks and companies in the financial sector are still negative or at least neutral in regards of Bitcoin. The Bitcoin price will crash for sure,but nobody can predict when and how much it will crash,so your thread is a price speculation and belongs to the Speculation forum. I wish that the Bitcoin price will crash sooner.I wanna buy cheap Bitcoins before we go to the moon.
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My thought we are in bull market just forget new experimental coin smashing up 50x -100x in dex and next week rekt , so old is gold avoid fomo buy old coin 👌👌
Do you think that FOMO is some sort of altcoin/token?What do you really mean by "avoid fomo,buy old coin"? "Old coins" like Bitcoin and Ethereum are currently in a FOMO market.I don't see any new coins or defi projects getting even a fraction of all the FOMO Bitcoin gets. FOMO means "fear of missing out" in case you don't know.The experimental shitcoins you are talking about aren't FOMO,they are "pump&dump" which is a market price manipulation.
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There will be no new monetary system.Governments will stick to the fiat money system until the end. They might create CBDC or implement some new technologies,but those will be only cosmetic changes and the core principles of the fiat system will remain.The governments really want to keep their control over the ability to create new money out of thin air and to create more debt. The monetary system has nothing to do with the lockdowns.People can still shop online,inside their homes,by using credit/debit cards.
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Bitcoin and Ethereum have a combined market cap of 800 billion US dollars.The remaining 200 billion USD market cap belong to hundreds of shitcoins,which nobody cares for.I guess that it is time for Coinmarketcap and Coingecko to remove all the shitcoins,from their cryptocurrency rankings. I'm sure that the 1 trillion dollar cryptocurrency market cap is a result of the cheap loans,stimulus checks and "money printer go brrr...",so we have to be thankful to the Federal Reserve for this historical moment.
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