LUCKMCFLY
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November 02, 2019, 05:27:54 PM |
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It is interesting that now the concern is not to repeat a crisis like that of 2008. With the FED creating more money the dollar value deflates even further. Since 1913 the greenback has plummeted in value. According to research, back then a person with $100 could buy the same amount of food, clothing, and other necessities as $2,529 would buy today. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FM60ARS6.png&t=665&c=mfSN7VpI5Og_nw) It is taken as an alternative that Bitcoin can provide a solution, it is also of a deflationary nature, it is not printed, your distribution is finite, so it is valued according to the law of supply and demand,that is, there is no inflation. Bitcoin, with a predetermined supply, immunity from central bank meddling, and decentralization from any state or nation makes it the perfect solution for this problem. In theory Bitcoin would become the world’s currency giving the control back to the people, not the banks. A massively flawed banking system was the catalyst that spawned Bitcoin in the first place. As Satoshi Nakamoto wrote himself;
“Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.” Source: https://www.newsbtc.com/2019/11/02/how-bitcoin-can-solve-the-dollar-depreciation-disaster/
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realr0ach
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November 02, 2019, 05:35:07 PM |
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As a musician
I think we can all appreciate one of Strung Out's top songs describing the phenomenon of JayJuanGee posts: https://www.youtube.com/watch?v=nhPxGPKOa4E
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Cryptotourist
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November 02, 2019, 06:10:53 PM |
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I think we can all appreciate one of Strung Out's top songs ~
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FIhlpDRZ.gif&t=665&c=8UmJwGlUAMNBPA)
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fillippone
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November 02, 2019, 06:51:22 PM |
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El duderino_
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November 02, 2019, 06:58:37 PM |
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Aaaaaaand what can be done more or less??
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realr0ach
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November 02, 2019, 07:07:29 PM |
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Aaaaaaand what can be done more or less?? It means Fillippone is a much better pump and dump scammer than LFC_Bitcoin, so LFC_Bitcoin was demoted.
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mindrust
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November 02, 2019, 07:08:21 PM |
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People say oh the govt thugs (police, customs, army) won't come to bitcoiners' houses to arrest them for being bitcoiners because they'd be being paid in worthless dollars or other fiat. This is naive. They'll come and shake us down for free.
The only way they can get my coins from me is torturing me. Jail probably would have the same effect. But we are thousands already. Can they jail us all? Only if there are too many weak rings among us who'll do whatever they say like sheep and I don't think there are many sheep among us so I am pretty much certain we do have a good chance to survive.
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yefi
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November 02, 2019, 07:16:50 PM |
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Lots of peeps do it. It's not that hard to do. One could simply bounce it from one country to another, set up a business, and a bunch of other things. You don't need to be a billionaire to do it.
If you decide to put your fiat money in the system, it's already clean by then, and if you put it to work earning dividends, then you are paying taxes on that income, the government will likely not go after you. They have bigger fish to fry.
The guys revealed in the Panama Papers thought it wasn't that hard either. I'd just declare it and pay tax, especially if you reside in a country where the burden of proof is on you to discharge the tax authority's accusations *cough, Blighty *.
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realr0ach
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November 02, 2019, 08:24:15 PM |
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Reported racist bitch. Oh dear, good sir. It seems you might be confused, for the concept of a nation is nothing more than an ethnocentric majority of common culture and bloodline. Without such, a nation does not exist. And if a nation does not exist, there can be no governing body. And if a governing body was present - since the nation is composed of an ethnocentric majority - how could it be possible to be racist against oneself? Alas, your "666" username denoting worship of the devil could be found to be highly offensive to younger viewers and might need to be reported to the authorities.
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Dabs
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November 02, 2019, 08:33:18 PM |
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Lots of peeps do it. It's not that hard to do. One could simply bounce it from one country to another, set up a business, and a bunch of other things. You don't need to be a billionaire to do it.
If you decide to put your fiat money in the system, it's already clean by then, and if you put it to work earning dividends, then you are paying taxes on that income, the government will likely not go after you. They have bigger fish to fry.
The guys revealed in the Panama Papers thought it wasn't that hard either. I'd just declare it and pay tax, especially if you reside in a country where the burden of proof is on you to discharge the tax authority's accusations *cough, Blighty *. Those guys in the Panama Papers did it wrong. Most or all of them outsourced the job, they should have done it themselves. Anyway, maybe there's a big difference between $10m and $100m (aside from the obvious $90m) in the way it's handled. If I had ten thousand bitcoins and then joined a few ICOs (and got another ten thousand ETH and assorted alts) and cashed them all out at the top (an almost impossible feat), I'd have difficulty cashing out the limits daily from all the exchanges I know today, so that would be a problem. A nice one. But still a problem.
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El duderino_
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November 02, 2019, 08:43:59 PM |
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@r0ach but they both are PUMP and HODLers.......
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btcanonymous666
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November 02, 2019, 08:45:26 PM |
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Reported racist bitch. Oh dear, good sir. It seems you might be confused, for the concept of a nation is nothing more than an ethnocentric majority of common culture and bloodline. Without such, a nation does not exist. And if a nation does not exist, there can be no governing body. And if a governing body was present - since the nation is composed of an ethnocentric majority - how could it be possible to be racist against oneself? Alas, your "666" username denoting worship of the devil could be found to be highly offensive to younger viewers and might need to be reported to the authorities. So "younger viewers" be like oh it's 666, let's worship satan after they see my account name? Lol. Do it then, racist bish. You talk too much but cannot see one single one that can be educative for people. Keep talking shit and share racist memes. Anyway, your post got deleted. End of story.
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Biodom
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November 02, 2019, 09:34:41 PM Last edit: November 02, 2019, 10:10:44 PM by Biodom |
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I looked at the bunch of charts this afternoon and PlanB/digitalik one's continue to impress. The question is: if this is basically a co-integrated chart where btc is almost pre-destined to go to about 55-100K after this halving, then when to expect the rally? Last time we were lagging in June/July 2016 at $500-700/btc when "theoretical" value jumped to about $4K. It probably represented the best entry point as far as short term risk/reward ratio looking backwards a few years. However, since now these charts were wildly circulated, one can expect a run that might peak actually at the halving or shortly thereafter, like in Nov-Dec 2020 instead of Nov-Dec 2021? Hoping that price stays flat and there would be some instrument to buy btc in the retirement account. Don't want to "invest" in anything else there at the moment.
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makrospex
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November 02, 2019, 09:34:56 PM |
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End of story.
Nope. As long as r0ach's posts gets quoted and replied to, the story continues ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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LFC_Bitcoin
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November 02, 2019, 09:39:46 PM |
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Ahhhh, another month off ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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AlcoHoDL
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November 02, 2019, 09:44:05 PM |
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Remember when the goal was to get 21BTC, which surely would put any of those folks who had been able to HODL onto that amount as being in a very decent position at $100k per coin, and now there are a lot of meme-ing around the random 6.15BTC goal, which seems to rely on BTC going much higher than $100k per coin in order to really be comfortable.
I guess that part of my point is that amount of BTC goals are going down and down and down. Of course, we have those who are either with a mediocre budget or are just getting in striving to get to 1BTC and more. There have surely been some of those folks participating in this thread. At some point, we are going to have peeps aspiring to get 1 million satoshis... or whatever other reasonable amount becomes our new deflationary goalpost point.
Oh man, how I love this post! Thanks JJG!
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Last of the V8s
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Ahhhh, another month off ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) No. No lazy-bones. We must all pull together to get rid of filthy fiat. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F5TOW5Tl.gif&t=665&c=AgdAkRtQF2riVg)
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Biodom
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November 02, 2019, 10:19:02 PM |
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Remember when the goal was to get 21BTC, which surely would put any of those folks who had been able to HODL onto that amount as being in a very decent position at $100k per coin, and now there are a lot of meme-ing around the random 6.15BTC goal, which seems to rely on BTC going much higher than $100k per coin in order to really be comfortable.
I guess that part of my point is that amount of BTC goals are going down and down and down. Of course, we have those who are either with a mediocre budget or are just getting in striving to get to 1BTC and more. There have surely been some of those folks participating in this thread. At some point, we are going to have peeps aspiring to get 1 million satoshis... or whatever other reasonable amount becomes our new deflationary goalpost point.
Oh man, how I love this post! Thanks JJG! That's a moving target. I just looked at official inflation numbers and it is a woozy. Basically, dollar lost about 50% in relative value since 30 years ago, therefore, to be "comfortable" in the future you need to take this into consideration, but it is very difficult to do since, historically, forward inflation values were not very predictable.
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