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Bitcoin demonstrates some attributes for currency, but it's main source of value lie's in it's restricted supply and increasing demand,as we've seen, demand is the main reason driving the price of bitcoin.as long as there is growing demand the price of Bitcoin will increase. Demand is driven by other causes such as inflation and crypto adoptio[Suspicious link removed]ice is primarily affected by it's supply, the market's demand for it availability, competing cryptocurrencies, and investor sentiment.
You are failing to understand that people do not want anything that is useless, no matter how limited the supply of it is. Bitcoin actually works as a currency all over the world every day. People use it for trading with one another, & that is why it is in demand. We are talking money here & money is for exchanging things of value. Part of the value of goods & resources, products & services is in their scarcity, their limited supply, so that aspect of Bitcoin also helps to keep it realistically involved with a working economy. |
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We want as many private individuals around the world as possible to be holding some coin so the whales from WS can't buy it all up to suffocate its practical use which is of course as a form of currency. In the short term I can imagine how those guys see that as a smart move to protect their assets which are bound up in USD.
That's great, but until now there are still many individuals around the world who still don't like holding more coins and should also start buying the best coins like Bitcoin. Because there are still many people who need to understand that Bitcoin is the best and they also have to understand that the whales are still after the best coins at low prices to buy and hold before they are converted into USD. With the name of this website plus that of this thread I thought we could assume that 'coin' meant Bitcoin. Maybe I was wrong. I stop short of calling myself a maximalist but I only take Bitcoin seriously for the foreseeable future as a trading asset due to its functionality as working currency in the big wide world. Like I said I am not quite a maximalist, but, fuck normies and fuck shitcoins  |
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Doesn't it say somewhere about the return of the messiah being a big surprise that most won't see coming? Like lightning over our heads, or a second sun moving east to west in the sky above? Like a thief in the night, when we least expect it? Maybe it's the Lightning network  Pennies from heaven. |
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https://time.com/nextadvisor/investing/cryptocurrency/bitcoin-price-predictions/Guys, calm down & don't be greedy. Go & look at the facts of the matter & if you're going to spend time imagining what you want then think of something more exciting than, in the end, finite finances. Some of us are young, many of us are new to this, all of us are learning. Let it be an opportunity to get to grips with things like the quarterly cycle, which is after all how the year moves through its seasons. Let's get a sensible grip of what matters in human life & what everybody ultimately needs, not simply what anyone wants in the short term. That is the kind of scope a true Bitcoiner must have. It is not a scam, it is not a Ponzi, it is not a get-rich-quick scheme. Neither experienced investors or mainstream media would have much interest in it if it was. It is an asset as a working currency that enables trade for any individuals online around the world. It is a socio economic & cultural revolution. It is the still point of a turning wheel, a movement, a moment in the matrix, an historic achievement. Through BTC we can all learn some important life lessons. Money matters, because people matter. Money is a project of creative incentive. Money is not a dirty word, it is only that some of the parts of ourselves we are projecting onto it, the shadows of the soul, they are dirty. Let us allow the emergence of the Bitcoin to wash over us & purge us of doubt & denial & all those parts of our being that ultimately do us harm. Pot & power, peace & protocol. theCommittalist
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I think this is just human nature. Why would anyone think of the aim of bitcoin if they are at a loss? Though bitcoin is a long term asset and should be treated as one.
Human nature that only thinks about profit through Bitcoin will indeed ignore the purpose of Bitcoin so it must also be considered as a very natural thing because they only think about profit and have to take care of every asset so as not to lose value. Which means they just want to make a profit through faster sales without thinking about holding back in the long term. We want as many private individuals around the world as possible to be holding some coin so the whales from WS can't buy it all up to suffocate its practical use which is of course as a form of currency. In the short term I can imagine how those guys see that as a smart move to protect their assets which are bound up in USD. |
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Last year I predicted Bitcoin will rise above the value at the start of the year and I was totally right about it, in April Bitcoin eventually reached a new all-time high price of $64k. Bitcoin added about 72% of its value as it increased drastically before it eventually started falling back in May till September. I don’t really know how this year is going to turn out now because of the present dip. But I just hope it increases, that’s why I’ve been advising so many people to hold their Bitcoins and even buy more now cause it will surely rise again.
No matter how the market conditions looks like, in an unpredictable market like this, everything is possible. But if am that being practical and would stick to the struggles we are currently experiencing, for me bitcoin will not reach a remarkable price this year. We are almost at the last quarter of the year, and yet the price is still in $20k range, although bitcoin may recover but it will never end up with its new ATH this year. That’s only my thought. I respect your opinion as it gives me the opportunity to explain further. The exposure is huge now, and the bottom price is stabilizing. As understanding of the technology & its history so far edge into the mainstream, if not the BTC itself just yet, more & more people are slowly but surely going to start buying them some Bitcoin. Things are going to trickle upward & a new ATH over the next four months, over a quarter & a half (do we call that an eighth) left this year, is definitely not impossible. Remember everyone: take deep breaths, educate yourself as much as you can, never invest more than you earn, & HODL |
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Bitcoin is a digital assets that many companies and Individual uses as a daily transaction payment of goods and service, which bitcoin has a very high volatility in the cryptocurrency market where traders and investors play there own rules which service as a financial freedom as the case may be. Therefore Bitcoin price can not be predicted, but have one thing in mind bitcoin we raise more than previous price in the ecosystem and is time to invest more, buy and Hold for a long term.
Far too many of the contributors on here, unlike dlightag it must be said, seem to me to be falling for the quite transparent FUD coming from mainstream media especially over the last year or two. I understand, it is relentless & everywhere, you might be young & uncertain & those miserable old bastards are preying on your naivety. BUT do yourselves & your community a favour. Have a look at the original white paper Satoshi wrote proposing the protocol https://nakamotoinstitute.org/bitcoin/ & do some research around early development along with the story so far. There is a reason that this cryptocurrency stands out for practical use in the real world & it is to do with decentralisation. And learn to accept that the educational establishment & mainstream media are not about making everything better for everyone. It/they are about self preservation. Rooted in the status quo, anything presenting the possibility of radical change is censured. There is also the element of scientific falsification, where a theory or proposal is thoroughly refuted from every possible angle to see if it can withstand. Think of it as testing for faults. In short, as a Bitcoiner you're a future-boy/girl & as someone pretty famous might have once said: it is a lonely position being the bearer of new ideas. You have stepped out of the cave now, you have seen the real thing, seen through the shadows on the wall. They are trying to kill you for it, but stand firm grasshopper. They are only shadows  |
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I’m sure they’ll just redefine it the way they’re trying to redefine what marriage is, what a woman is, and now what a recession is. https://twitter.com/forbes/status/1551356555060183043?s=21&t=YbQbQp6KtKr-b9W723uewAWorst of all in my opinion, is that the White House keeps talking about how strong the labor market is, when we have the lowest labor participation rate since Vietnam. They are lying and when they can’t lie about the numbers they’ll change definitions to fit their narrative. I hope America can survive this weak leadership for another two years without causing any more lasting damage. When they talk about the 'labour market' they are using code to sadistically gloat in a discrete way about how many more people they have stolen land & resources from. |
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The next five months will see BTC approach a new ATH. Next year and the year after that we will see 100k$ maybe 200k$ Bitcoin, I bet all of my forum clout on it |
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All this that op had mentioned also happens in other countries so why USA taking all these blames without knowingly or taking a lots of things in consideration. There is no way you will create something and then be happy to see those things perish or die. God does not take pleasure in wickedness or in evil. You don't need to blame God or rather write whatever you like about someone you don't even know or feel
America is a global symbol of Eurocentric or 'white nationalism' so all the spoilt brats & rats are jumping ship now the tide is high to attack him, the isolated peaceful individual, as a scapegoat for what the international Zionists have done to the world in the name of their God who is a jealous God. This is what is meant by going down into Egypt; the ten plagues; the iniquities of Israel; the sin of the Jews; the remnant of Reuben; the remnant of Jacob; the broken reed; the cracked cross; the sins of the father; the works of our hands, etc.. Whitey staying on top. Stick it to the haters. |
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It's just a stupid excuse. Are Criminal activities stopped if they ban Bitcoin? Never. It's nothing to ban Bitcoin, they just don't want to lose control of your funds. The centralized government won't allow enjoying financial freedom. They won't allow two currencies use where they don't have control. Also, many governments from poor countries don't understand Bitcoin technology or they aren't interested.
That is what they have failed to understand, banning Bitcoin in your country does not in any way stop criminal activities. So it only goes to show how obvious the hate and frustration is, which is why they came up with the idea and then blamed it on an irrelevant reason. Most of these countries that are banning Bitcoin, their government are even the real criminals using pen and papers to steal from their treasury, now they are hating on bitcoin for no good reason. Rape & pillage used to be called conquest. Now conquest is called government. Bitcoin lets them know where we all stand, support the movement folks, be steadfast in these trying times |
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Think of all the economies thrown into turmoil overnight. Bitcoin gives them another option. It's volatile but the general trend has seen its price steadily increase since creation.
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With the continuous downslide of the Bitcoin and the crypto market at large, is it too soon to say that we might likely be witnessing the end of it all?
we are gradually approaching to another hyping and will soon reach another ATH https://coinmarketcap.com/yeah there are a continues dropping happens recently , but nowadays ? bitcoin is impressing investors by moving high for the last 3 days . so maybe there are another good thing to expect in the next few weeks or months . Whoop whoop |
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No We are merely witnessing the beginning of Bitcoin We are not even at the end of the beginning yet Money has a dark side to do with the fulfilment of desire Some call it the root of all evil so it runs very deep & is going to be a pain to dig up Bitcoin will take decades, even centuries to properly establish This is the currency of the new global state paradigm The new world order It is what it is |
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Law enforcement officers have to be paid & as state agents their wage comes out of the public pocket, so citizens are taxed to fund the state project or told to go into some mythical wilderness where no state operates. This is why the principle of democracy is so important, as it gives the citizens a chance to engage constructively with the processes whereby they are expected or coerced to fund the state project, involving laws & their enforcement.
Bitcoin challenges the status of the USD as default currency for the world. It also challenges the associated hackneyed notions of 'international rules based order' or 'international law' because being instant, online & decentralised it holds a mirror up to the imperfections of its functional fiat precursor.
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For further reading on how the modern medical profession is thoroughly bound up with the way the colonizer state disadvantages & thus maintains control over its slaves, subjects, victims etc., I recommend the following  Madness & Civilization - Michel Foucault Madness, Cannabis & Colonialism - James H Mills Containment for public benefit, indoctrination of inoculation of children, stigmatising & discrediting opponents, reforming dissidents & those that resist authority ... it's all been going on for a very long time. And the keen eye will spot a few familiar faces peopling the plot like Pennywise the Clown |
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The dinosaurs never existed either, it's all papier mache. The reason people need 'faith' in God who is the abstract infinite truth of all things which in an ontological framework may also stand in as the knowledge of all things is that the world of experience is under a veil of illusions.
Power brokers use specialist knowledge to keep their competition, everyone else, cast adrift in this sea of appearances. This is why there is a manufactured 'crisis' every other day or some man-made 'disaster' or massacre or whatever somewhere, & the terminology & frames of reference seem in constant flux. It is to stop people striving for a connection with their God, who is truth.
The Egyptians might have said it was Kore being seduced by Set the lord of darkness & chaos, or the Greeks could have said that Persephone was being stolen away by Hades, king of the underworld. In both cases the former figure is feminine, standing in for the wandering soul of the world & the people. And the latter is the crafty old devil, outwitting everyone eventually including himself, wisest beast in the field.
This is why the Buddhists Taoists & Hindus & what have you of the Eastern wisdom promise fame like to point out that all form & phenomena are illusory. That way seekers may swiftly come to an understanding that what they are really looking for is a state or process or relationship, rather than a specific object or event or experience.
All that being said, I do find it a bit suspect the idea that a man in the late eighteenth century was able to administer a 'small amount' of some viral material to give some child slave's immune system a chance to work things out. And that while the vaccine industry can come up with some new drug to pump into the bodies of the world's infants every week 'we' apparently need to do more research into the effects of cannabis, which as everyone in real life knows has never caused a serious case of addiction or overdose yet still magically possesses powerful medicinal properties.
If you do look at the bible though, say the King James' version if you're an English speaker & like some sense of history, like a historical document or a literary or ambitiously journalistic enterprise, rather than a set of somehow 'spiritual' instructions, then I think an intelligent reader may still find some useful things therein, vis-a-viz the current paradigmatic predicament & its centres & sources.
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But do you know if you today Government and World Bank passes judgement or gives order that Bitcoin is now generally acceptable as payment in all various country, use as fiat including in day life expenses, individuals has no options than to use, now taking of transactions fees it is only less than $1 and max of $2.5 depending on the gas fee at such point. As time goes we could be used to it.,
The honest truth of it is the "Volatility".
I believe that the laws are fine, the gas fee situation will be fixed in the future for sure without a doubt. Look at Lightning Network on bitcoin right now, it spends only a few satoshis and it is incredibly fast as well. It is not ideal right now because of security concerns and that is why we are not seeing that everywhere, but it is being worked on right now which means that when the time comes we are going to have a system where it's only like 1-5 cents per transaction and that would be amazing and it could be working towards paying right away anywhere you go as well since you wouldn't have to wait neither, it is both fast and cheap. The laws are fine? I would rather say that laws are clearly insufficient in most cases or not very favorable regarding crypto to say the least. Actually, from where we are now I expect laws to get even worse over time, much stricter and kind of hindering worldwide adoption in some areas. Bitcoin's utility is massively suppressed by most tax laws around the world for example. If spending Bitcoin on little things even triggers taxable events, using Bitcoin would end in a total mess for most users. They should rather foster utility with new laws while offering Bitcoin users a fair deal in terms of transparency and taxation, but that is not what lawmakers are after. This is the most interesting thing about Bitcoin. It is beyond the current system of 'international law' to control. All it is is a currency, & this is a system that declares the world as capitalist, themselves as liberal. So, a currency made of open-source technology based on the internet, what nation has a right to tax that? Sure, different nations can try banning it or regulating mining or taxing profits made from Bitcoin via exchanges or transactions under their jurisdiction, but what other than cronyism & pessimism & greed could be their motive? What ethical basis can there possibly be for criminalizing or legislating BTC? You can see how desperate & unscrupulous they are when they start blaming it for global warming =/ Fact is, nobody has a right to police the internet. It is in international waters, so to speak. And internet currency has made everyone take this more seriously than ever, so that workable international law & the international constitution necessary to base it on are appearing on the horizon like never before. Some people dream of this signalling a totalitarian new world order, because of their subjective experiences with national governments & regimes of the past. But I have faith in the people. As cannabis returns to the white market for global trade & Bitcoin is increasingly established as a worldwide medium of exchange, poverty everywhere is going to decrease. As much as I would like to let you know that I fully agree, the issue with what you just said is that it is unrealistic for Bitcoin to develop into its own economic system without any tax burdens whatsoever. I would rather say that whatever generates income is taxable (under most circumstances). If Bitcoin makes you income, a tax applies. I don't think a world would work out properly without taxes. There was an interesting sentence a while ago about the rich saying they are fine with higher taxes and carry a heavier burden than the poor. Then it was added that the state donation account was just in the thousands. If the millionaires and billionaires are fine with higher taxes, why not just send money to that state controlled donation account? In a sense it is the same when I am fine with higher tax, I can either pay higher tax or impose a tax on myself through donations that I commit to. Yet that account is usually literally empty. People aren't going to support public goods the way we wish they were. Economic self-interest isn't bad per se, but it needs moderation and coordination. Tax is a tool to achieve that. I am not saying I am all for taxes in whatever form they occur, but I don't see how an economic system would support a social system without taxation requirements. Sure they can tax associated income as you say in the form of capital gains or whatever, but my broad point still stands. Bitcoin itself as a standalone thing, unlike any other currency, cannot be claimed & thus taxed by a state agency. It relies on the internet & belongs to the users. Think about a state agency claiming jurisdiction over the internet & trying to tax Bitcoin like they do national currencies, I think that is unrealistic. I totally get what you are saying and I am not arguing against your point from a theoretical perspective. The reality, however, will turn out to be quite different. Before the governments forego any significant tax income, they would rather build cross boarder alliances in order to set up a tax regime that ensures nobody can get away with amassing wealth while not paying any tax. Please elaborate further once more for me: so you say that when I buy Bitcoin at 10,000 a piece, and I use that Bitcoin to buy a car for 20,000 a piece, should I, according to your viewpoint, be taxed by my government or not? Could you give one or two examples when you think a tax should apply and when not? Simply put, if two traders anywhere on earth decide to buy/sell a car in Bitcoin, then they cannot be taxed. The caveat I am trying to add is that once people establish a business based in one or another national jurisdiction doing this then they can be taxed. Also, once people trade their Bitcoin in for any national currency the state agency responsible may impose income or capital gains tax on that. But as long as Bitcoin remains Bitcoin & in the hands of private individuals it cannot & should not be taxed. From my understanding the logic of taxation is that in partaking of a national economy & its exchange medium or currency you are using a service & there is an implied cost. The amount & kind of taxation that is acceptable will probably be the stuff of intense debate for all posterity. But to tax Bitcoin as is you would have to be the centrist state agency ruling over its jurisdiction which is the internet hence it is able to be 'decentralised'. I am not saying that state agencies would never be able to extort or steal Bitcoin & call it taxation because unfortunately anything is possible, but that it will never transparently become standard practice overall because it is contrary to legitimate authority & unethical. This is why the established 'international order' & crony capitalists & their state media have been sidestepping BTC until lately when they have started throwing all manner of kind of childish FUD its way. They don't understand it. It scares them. The opportunity for universal profiteering is unprecedented & the sleepers & party poopers are being forced to reveal themselves  I totally get your thought process, but let me give you an example which would like you to elaborate on according to your theory: In some countries there is such a thing as a gift tax. Without going into further detail regarding concrete numbers in specific countries, let's just assume that Bitcoin is valued at 20,000 USD and a person I know well has a piece of art that is officially valued at 10,000 USD and we know that because that piece of art is a limited edition of 100 pieces and there is a relatively liquid market where I could also buy that piece of art in cash for 10,000 USD. But since I know the person well, I make a private transaction and pay with the Bitcoin valued at 20,000 USD. On on the balance sheet that person now officially owns 10,000 USD more in wealth. Later on, that person doesn't sell the Bitcoin for cash but buys a car valued at around 20,000 USD in a private transaction from someone else. As per the balance sheet, the person accrued 10,000 USD in wealth. Is any tax due according to your point of view? Wouldn't that be one of those typical loopholes people could make use of just by not going through a state controlled fiat currency? Although I myself do by far not agree with many of the existing tax rules, the real question is how Bitcoin is treated in front of the (tax)law. There are rules in some countries when tax exemption applies for the usage or sale of Bitcoin after a certain period of time. The same applies to a piece of art. If I buy a piece of art for 100,000 USD and sell it for 200,000 USD a week later, usually tax applies in the form of capital gains tax. It doesn't matter what I buy with the piece of art, tax applies for as long as the thing is worth more than what I bought my piece of art for initially. To take it one step further: one could argue that tax is supposed to be used for the infrastructure I make use of in the country I live. Streets, hospitals, schools, etc. Now an interesting question is this: if you argue that Bitcoin is decentralized in its trust sense, what if I live in a country that provided a substantial amount of mining power? Am I not somehow using or benefitting from infrastructure that my country provides in the form of electricity grids, space, ISPs, etc? The problem is that things get too complex. I understanding the sort of assumptions you are bringing to the argument, but I would like to continue demolishing at least a couple of them To deal with the case of a purchase of art, it doesn't make any sense. Shady art valuations & purchases have long been used as a means of money laundering & art is an emotive quality. So you seem to be suggesting that a person uses the buying of a piece of art in Bitcoin as a means to protect fiat from the tax inspector? Well for starters, if I had a friend offering me a piece of valuable art for $10,000 & Bitcoin was worth $20,000 that day, I would clearly pay him 0.5 Bitcoin for the item. Not the whole Bitcoin, which would defeat the double-send solution by paying twice anyway. What my friend did with his 0.5 Bitcoin would be up to him. As we know there are certain state actors that are however privately committed to the obnoxious notion that they 'rule the waves' or 'lead the free world' & so they may think they have a right to tax Bitcoin, because without them & their culture such a thing might not exist. My solution is to not justify them with a response & continue with the project of universal suffrage & popular sovereignty, whatever they call these things. It is not that a decentralisation movement for individualist internationalism is solely coming from the creation of such currency. But that such currency is an integral part of that wider historical process. Like the Zen masters say, life is really simple, but analytical thinking has a habit of making it seem complicated |
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So many things are happening currently in every parts of the world and America is not left out. There are so many crime happening now in the world and I don't think God who is the creator of everything on Earth would be happy about it. You don't expect a manufacturer to gain pleasure at his goods being destroyed.
I know the rate under aged ones are handling guns is not ethical and I can see that the American government is trying to bring crime rate to zero so the American dream shall be accomplished.
Real Americans will never give up their guns. They are not stupid. They didn't build the greatest culture on earth with boot licking & sly slander. God is Truth. If 'God' is a monotheistic supreme deity above whom there is no other, then God is Truth. In Truth We Trust. Nothing to trust but Truth itself. Easy. |
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It all seems like a lie wherever you look in the political world. And that is probably because the terms we use for everyday speech fall short of the lofty ideals of national government by consent. Personally I am of the opinion that real functional border-crossing democracy has only actually become possible with the advent of current technologies, which is why it is suddenly such a hot issue. People realise that computer technology can automatically translate, faithfully record & transparently represent the will of the people in a practical realisable way. But we inherit a culture & social system, 'the international rules based order' & all that business, that is from a time prior to these recent developments. The whole thing is going to take decades maybe centuries to iron out & straighten up, but the new possibilities are promising & exciting. Bitcoin is a case in point. The democratisation of money & the knee-jerk resistance to this somewhat bewildering hyper augmentation. All the jobbies & bodges will seem increasingly ridiculous going forward |
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