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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 10, 2022, 12:16:20 AM
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so lemme get this straight. They make a "stablecoin" pegged 1:1 USD:token. Then they "raise" money, or sell it and use those funds to "back it". They make money from all investment income from that like tether investing in commercial paper in china and stuff. adds up quickly when you have billions outstanding. but in this case instead of USD they bought BTC, but still pegged 1:1 USD:token. right ? but this makes no logical sense at all. |
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 14, 2022, 09:56:14 PM
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Well...NFT's are jus that, non fungible
so you are buying a "unique" asset. Good luck selling that, by definition its an illiquid maket. easy to buy, impossible to sell.
get recked fools
For sure, these.... jpegs pixel art NFTs , are 99.99% shyte. I mean a NFT that represents a real world asset is sorta more interesting...... but if you spend $2.9 million dollars, for a jpeg of a tweet  , then you deserve what you get ..... ya, i think we all can agree in a short time kids will never know any of these things: -Paper money -Land/house registration papers stamped by a notary/lawyer -Getting your tax return by mail -mail -Physical ID Cards -Physical Wallets -Gov Money that isn't traceable -Physical baseball cards Bitcoin is freedom, (nft or whatever) digital asset that can't be copied, assigns ownership probably plays a role in the above for better or for worse |
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: March 24, 2022, 12:55:21 AM
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This Is Now The Worst Drawdown on Record for Global Fixed Income https://finance.yahoo.com/news/now-worst-drawdown-record-global-005215542.html...aka pensions funds are on fire, "war" is the distraction from what will be a historic default on debt obligations in the West. (Bloomberg) -- Global bond markets have suffered unprecedented losses since peaking last year, as central banks including the Federal Reserve look to tighten policy to combat surging inflation.
The Bloomberg Global Aggregate Index, a benchmark for government and corporate debt total returns, has fallen 11% from a high in January 2021. That’s the biggest decline from a peak in data stretching back to 1990, surpassing a 10.8% drawdown during the financial crisis in 2008. It equates to a drop in the index market value of about $2.6 trillion, worse than about $2 trillion in 2008.
The biggest lie told is : "work until 55-65 or more, then enjoy retirement with a great pension !, yay for you !". That pension check, indexed or not, can't be relied upon. that's why we have bitcoin |
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: March 21, 2022, 11:22:49 PM
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I'm all for a world order. Most problems we have are world size, climate, pollution, fish stocks, space debris, aliens, shitcoins, nft's, etc
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: March 09, 2022, 08:54:41 PM
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In defence of digital national currencies (*slight defence), I can't imagine a near future where cash still exists ? really  printing numbers on paper and using that as money ? honestly... people will be trading bitcoin for things as well, and when you buy illegal body parts enhancements you'll just use an opendime loaded with the amount needed |
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