Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates | |
Visitor User ID: 78037273 United States 02/18/2021 09:56 AM Report Abusive Post Report Copyright Violation | Bitcoin is the major step into the total "command and control" digital economy. Quoting: Anonymous Coward 43470531 When Goldman Sachs and JP Morgan (who literally ARE the Federal Reserve) is getting involved, you know a major paradigm shift is about to happen. My guess is bitcoin is an intermediary step between cash and the total digital economy. There will be a new crypto, created and managed by the Fed Res/World Bank/IMF etc, that all the big players will jump ship to and bitcoin will crash, leaving those out of the loop of the "when" this transition comes penniless. This is a good chance to make a quick buck while protecting your purchasing power if you stay on the ball and see where the wind is blowing. Because any way you cut it, the US dollar is done. Unsustainable. Inflation is already through the roof and only going to get worse. Money in a savings account is pointless. Fact is, all the precious metals are gone. There will never be a "gold backed dollar" as it would inhibit the big players from continuing their scam. Gold and silver will rise in relation to the dollars drop, but there just isn't enough out there to cover the sheer amount of fiat dollars in circulation. If you want to take the chance, this is the last opportunity to get into the crypto game before the prices become prohibitive. But be on the ball and know that a time will come where the transfer of wealth from bitcoin into "X digital currency" is coming. Knowing when to jump ship with the big players is key. ECB President Christine Lagarde Says 'It's out of the Question' That Central Banks Would Hold Bitcoin |
CharlieFoxtrot
User ID: 78092574 United States 02/18/2021 09:57 AM Report Abusive Post Report Copyright Violation | Innovation!! https://imgur.com/a/izzO5Pl |
Anonymous Coward User ID: 77804120 United States 02/18/2021 10:00 AM Report Abusive Post Report Copyright Violation | Bitcoin is ill sputter out this cycle before hitting $400,000 and retrace down to $60,000. Anyone with half a brain and common sense involved in crypto is a millionaire today. I’ve been looking at Oceanside properties in Hawaii but they are so overvalued... will probably try and find a stable medium to exchange and wait out a real estate crash after cashing out of crypto at the end of this year |
DiamondBlack
User ID: 75319799 Australia 02/18/2021 10:00 AM Report Abusive Post Report Copyright Violation | bitcoin is the purest definition of a PONZI SCHEME Quoting: Anonymous Coward 79012326 the whole thing will keep on going while there are suckers that keep pumping the money in and keeping the system sustainable one day, the same way it hit record heights, it will even more mightier carsh and burn until then, the mob, criminals will keep using it to launder their illegal, shady, black money and pumping the system once the Government starts taxing your withdrawals and other general transactions epic It's a new ponzi scheme, improvement over the old ones. Can't take digital compute to court. |
Anonymous Coward User ID: 75543000 United States 02/18/2021 10:01 AM Report Abusive Post Report Copyright Violation | I use to mine bitcoins. Wrote programs to mine on others computers (all legal). I bought bitcoins at $300. Sadly I never kept any very long because I always treated it as a gimmick that was unsustainable and I never wanted to keep very much in it. I always considered it a fad that would end any day. I thought they would eventually attack it from the environmental perspective. It takes the same amount of electricity as Denmark. I didnt count on the youths moral ambiguity toward tech, that was foolish. This week I bought $50k worth of BC and made $10k if I were to cash out. Why now you ask. Diversification. Because I feel leaving that 50k in dollar is riskier. I think this congress is going to print the dollar and the economy into a corner. I see the bad inflation coming for the dollar, and the answer will be more socialism. I also see a stock market that only has one place to go. I see a county that cant re-open main street without sinking wall street. I see stimulus turning into UBI because no main street jobs. I see people who were producers giving up killing themselves for 60k job to be taxed to death to provide a non-worker a 50k lifestyle. I see dead end scenarios everywhere I look. |
Anonymous Coward User ID: 79847640 United States 02/18/2021 10:02 AM Report Abusive Post Report Copyright Violation | Bitcoin is the major step into the total "command and control" digital economy. Quoting: Anonymous Coward 43470531 When Goldman Sachs and JP Morgan (who literally ARE the Federal Reserve) is getting involved, you know a major paradigm shift is about to happen. My guess is bitcoin is an intermediary step between cash and the total digital economy. There will be a new crypto, created and managed by the Fed Res/World Bank/IMF etc, that all the big players will jump ship to and bitcoin will crash, leaving those out of the loop of the "when" this transition comes penniless. This is a good chance to make a quick buck while protecting your purchasing power if you stay on the ball and see where the wind is blowing. Because any way you cut it, the US dollar is done. Unsustainable. Inflation is already through the roof and only going to get worse. Money in a savings account is pointless. Fact is, all the precious metals are gone. There will never be a "gold backed dollar" as it would inhibit the big players from continuing their scam. Gold and silver will rise in relation to the dollars drop, but there just isn't enough out there to cover the sheer amount of fiat dollars in circulation. If you want to take the chance, this is the last opportunity to get into the crypto game before the prices become prohibitive. But be on the ball and know that a time will come where the transfer of wealth from bitcoin into "X digital currency" is coming. Knowing when to jump ship with the big players is key. So many words just to reveal yourself as the dipshit retard you are. Well done! Do you honestly think the fed res is going to NOT keep the fiat game going? This is the transition from one scam to the next. I'm not making a moral judgement. I'm just telling you this whole thing is being managed by the same entities that created the fed res. If you think they are sitting back while new players are taking over their scam you're cookoo. You have an opportunity to make a quick buck on the tails of the scam. Why not do it? I never said put your life savings into crypto and keep it there. It's a transition. There will be no overtaking of their scam. They and their scams are already exposed/transparent. Soon, if someone still can not see, it will be explained thoroughly at first, then if that someone still cannot see THAT someone will be considered to be one of them and handled accordingly. |
Anonymous Coward User ID: 79307631 Poland 02/18/2021 10:03 AM Report Abusive Post Report Copyright Violation | bitcoin is the purest definition of a PONZI SCHEME Quoting: Anonymous Coward 79012326 the whole thing will keep on going while there are suckers that keep pumping the money in and keeping the system sustainable one day, the same way it hit record heights, it will even more mightier carsh and burn until then, the mob, criminals will keep using it to launder their illegal, shady, black money and pumping the system once the Government starts taxing your withdrawals and other general transactions epic Or it wont. |
4doggies
User ID: 76462481 United States 02/18/2021 10:04 AM Report Abusive Post Report Copyright Violation | That CEO of Microstrategy is 110% all in on bitcoin. Quoting: CharlieFoxtrot Dude is wicked smart, and he makes very good arguments. He could be wrong, or he could be right. I guess we'll find out eventually. Funny thing about these bitcoin headlines, prices move so fast that they're practically obsolete by the time they trickle down to us. Can someone explain why this bitcoin has any value? I'm not trying to be an ass, but I just don't get it? It's based on what? |
Anonymous Coward User ID: 79307631 Poland 02/18/2021 10:05 AM Report Abusive Post Report Copyright Violation | Bitcoin is the major step into the total "command and control" digital economy. Quoting: Anonymous Coward 43470531 When Goldman Sachs and JP Morgan (who literally ARE the Federal Reserve) is getting involved, you know a major paradigm shift is about to happen. My guess is bitcoin is an intermediary step between cash and the total digital economy. There will be a new crypto, created and managed by the Fed Res/World Bank/IMF etc, that all the big players will jump ship to and bitcoin will crash, leaving those out of the loop of the "when" this transition comes penniless. This is a good chance to make a quick buck while protecting your purchasing power if you stay on the ball and see where the wind is blowing. Because any way you cut it, the US dollar is done. Unsustainable. Inflation is already through the roof and only going to get worse. Money in a savings account is pointless. Fact is, all the precious metals are gone. There will never be a "gold backed dollar" as it would inhibit the big players from continuing their scam. Gold and silver will rise in relation to the dollars drop, but there just isn't enough out there to cover the sheer amount of fiat dollars in circulation. If you want to take the chance, this is the last opportunity to get into the crypto game before the prices become prohibitive. But be on the ball and know that a time will come where the transfer of wealth from bitcoin into "X digital currency" is coming. Knowing when to jump ship with the big players is key. ECB President Christine Lagarde Says 'It's out of the Question' That Central Banks Would Hold Bitcoin While the secretly hoard it. |
Anonymous Coward User ID: 319997 Germany 02/18/2021 10:05 AM Report Abusive Post Report Copyright Violation | That CEO of Microstrategy is 110% all in on bitcoin. Quoting: CharlieFoxtrot Dude is wicked smart, and he makes very good arguments. He could be wrong, or he could be right. I guess we'll find out eventually. Funny thing about these bitcoin headlines, prices move so fast that they're practically obsolete by the time they trickle down to us. Can someone explain why this bitcoin has any value? I'm not trying to be an ass, but I just don't get it? It's based on what? people's good will and trust in the coin, nothing different than FIAT money, with the only difference that the Dollar is backed by the USA Government, Treasury and its military, unlike this scam |
Anonymous Coward User ID: 2492899 United States 02/18/2021 10:06 AM Report Abusive Post Report Copyright Violation | Bitcoin is not under their control. So as more wealth flees the dollar and into Bitcoin, it becomes the new canary to warn about the dollar. Gold and silver should be taking off. They are, but it's hidden. Have you seen premiums? It's $13 premium on top of spot for silver eagles. Physical price is decoupling from the paper market. But the biggest warning is coming from Bitcoin. Actual companies are now taking dollars and buying Bitcoin. Tesla just made more money on Bitcoin that it did selling cars all last year. |
Anonymous Coward User ID: 79307631 Poland 02/18/2021 10:06 AM Report Abusive Post Report Copyright Violation | That CEO of Microstrategy is 110% all in on bitcoin. Quoting: CharlieFoxtrot Dude is wicked smart, and he makes very good arguments. He could be wrong, or he could be right. I guess we'll find out eventually. Funny thing about these bitcoin headlines, prices move so fast that they're practically obsolete by the time they trickle down to us. Can someone explain why this bitcoin has any value? I'm not trying to be an ass, but I just don't get it? It's based on what? Limited supply, encrypted transactions and no central holding. It has value in rhe digital realm as a means of transaction. |
SafeandSound
User ID: 78729715 United States 02/18/2021 10:06 AM Report Abusive Post Report Copyright Violation | |
4doggies
User ID: 76462481 United States 02/18/2021 10:06 AM Report Abusive Post Report Copyright Violation | Bitcoin is ill sputter out this cycle before hitting $400,000 and retrace down to $60,000. Quoting: Anonymous Coward 77804120 Anyone with half a brain and common sense involved in crypto is a millionaire today. I’ve been looking at Oceanside properties in Hawaii but they are so overvalued... will probably try and find a stable medium to exchange and wait out a real estate crash after cashing out of crypto at the end of this year A millionaire on paper. Let us know when you go to cash out and you can't. |
Anonymous Coward User ID: 79307631 Poland 02/18/2021 10:09 AM Report Abusive Post Report Copyright Violation | That CEO of Microstrategy is 110% all in on bitcoin. Quoting: CharlieFoxtrot Dude is wicked smart, and he makes very good arguments. He could be wrong, or he could be right. I guess we'll find out eventually. Funny thing about these bitcoin headlines, prices move so fast that they're practically obsolete by the time they trickle down to us. Can someone explain why this bitcoin has any value? I'm not trying to be an ass, but I just don't get it? It's based on what? people's good will and trust in the coin, nothing different than FIAT money, with the only difference that the Dollar is backed by the USA Government, Treasury and its military, unlike this scam The U.S. dollar is ba ked by 26 trillion in debts at this point. Not gold. The treasury just prints more and more miney when the economy starts to teater. How long do you think that can go on? |
Anonymous Coward User ID: 2492899 United States 02/18/2021 10:09 AM Report Abusive Post Report Copyright Violation | That CEO of Microstrategy is 110% all in on bitcoin. Quoting: CharlieFoxtrot Dude is wicked smart, and he makes very good arguments. He could be wrong, or he could be right. I guess we'll find out eventually. Funny thing about these bitcoin headlines, prices move so fast that they're practically obsolete by the time they trickle down to us. Can someone explain why this bitcoin has any value? I'm not trying to be an ass, but I just don't get it? It's based on what? people's good will and trust in the coin, nothing different than FIAT money, with the only difference that the Dollar is backed by the USA Government, Treasury and its military, unlike this scam The problem with fiat is that there is no real check on a government's ability to inflate. They all fall into the temptation of overprinting. Bitcoin is similar to fiat, but it is one where it cuts out the middle man and there is accountability built in...you cannot just inflate it away. So it is far more attractive than fiat in that you get the benefits of fiat without the downsides of fiat. |
Anonymous Coward User ID: 319997 Germany 02/18/2021 10:09 AM Report Abusive Post Report Copyright Violation | Bitcoin is ill sputter out this cycle before hitting $400,000 and retrace down to $60,000. Quoting: Anonymous Coward 77804120 Anyone with half a brain and common sense involved in crypto is a millionaire today. I’ve been looking at Oceanside properties in Hawaii but they are so overvalued... will probably try and find a stable medium to exchange and wait out a real estate crash after cashing out of crypto at the end of this year A millionaire on paper. Let us know when you go to cash out and you can't. when you go at the BTC ATM for WITHDRAWAL do they stamp out the money in cash in the total worth of one bitcoin of 50 K, in what, 500, 1000 dollar bills?! |
Anonymous Coward User ID: 79307631 Poland 02/18/2021 10:10 AM Report Abusive Post Report Copyright Violation | Bitcoin is ill sputter out this cycle before hitting $400,000 and retrace down to $60,000. Quoting: Anonymous Coward 77804120 Anyone with half a brain and common sense involved in crypto is a millionaire today. I’ve been looking at Oceanside properties in Hawaii but they are so overvalued... will probably try and find a stable medium to exchange and wait out a real estate crash after cashing out of crypto at the end of this year A millionaire on paper. Let us know when you go to cash out and you can't. I take it your a gold and silver bug. The value of those is also based on the dollar. What will you do when the U.S. dollar tanks? Bitcoin isnt really based on the value of the dollar. Thats what people dont get. |
Anonymous Coward User ID: 32686183 United States 02/18/2021 10:10 AM Report Abusive Post Report Copyright Violation | Thanks for the pine. Quoting: Anonymous Coward 79647446 My shitcoins have gone up 200% since 2019. Coinbase is about to go public so get on board while the gettin's good. When is the coinbase IPO? You can buy the option, now Price discovery is at 303.00 per share maybe they'll hire a fucking support team then because it's non existent. |
Anonymous Coward User ID: 79307631 Poland 02/18/2021 10:12 AM Report Abusive Post Report Copyright Violation | Bitcoin is ill sputter out this cycle before hitting $400,000 and retrace down to $60,000. Quoting: Anonymous Coward 77804120 Anyone with half a brain and common sense involved in crypto is a millionaire today. I’ve been looking at Oceanside properties in Hawaii but they are so overvalued... will probably try and find a stable medium to exchange and wait out a real estate crash after cashing out of crypto at the end of this year A millionaire on paper. Let us know when you go to cash out and you can't. when you go at the BTC ATM for WITHDRAWAL do they stamp out the money in cash in the total worth of one bitcoin of 50 K, in what, 500, 1000 dollar bills?! You guys are never going to get it. Bitcoins value isnt based on the dollar as much as you try to push that idea. Fiat currency is dead. |
Starburne
User ID: 80054773 South Africa 02/18/2021 10:12 AM Report Abusive Post Report Copyright Violation | That CEO of Microstrategy is 110% all in on bitcoin. Quoting: CharlieFoxtrot Dude is wicked smart, and he makes very good arguments. He could be wrong, or he could be right. I guess we'll find out eventually. Funny thing about these bitcoin headlines, prices move so fast that they're practically obsolete by the time they trickle down to us. Can someone explain why this bitcoin has any value? I'm not trying to be an ass, but I just don't get it? It's based on what? It's a protocol. A protocol is an agreement. You and I may agree that this little is worth $500. http// is the protocol we all use for internet access. Bitcoin is the protocol we all will use in the death throes of fiat. "I have no special talent, I am only passionately curious." -Albert Einstein |
Anonymous Coward User ID: 32686183 United States 02/18/2021 10:13 AM Report Abusive Post Report Copyright Violation | That CEO of Microstrategy is 110% all in on bitcoin. Quoting: CharlieFoxtrot Dude is wicked smart, and he makes very good arguments. He could be wrong, or he could be right. I guess we'll find out eventually. Funny thing about these bitcoin headlines, prices move so fast that they're practically obsolete by the time they trickle down to us. Can someone explain why this bitcoin has any value? I'm not trying to be an ass, but I just don't get it? It's based on what? people's good will and trust in the coin, nothing different than FIAT money, with the only difference that the Dollar is backed by the USA Government, Treasury and its military, unlike this scam The U.S. dollar is ba ked by 26 trillion in debts at this point. Not gold. The treasury just prints more and more miney when the economy starts to teater. How long do you think that can go on? why do you think dogecoin was created? it's mocking the USD and it's infinite supply backed by nothing. |
Anonymous Coward User ID: 80052843 United States 02/18/2021 10:13 AM Report Abusive Post Report Copyright Violation | Bitcoin is ill sputter out this cycle before hitting $400,000 and retrace down to $60,000. Quoting: Anonymous Coward 77804120 Anyone with half a brain and common sense involved in crypto is a millionaire today. I’ve been looking at Oceanside properties in Hawaii but they are so overvalued... will probably try and find a stable medium to exchange and wait out a real estate crash after cashing out of crypto at the end of this year A millionaire on paper. Let us know when you go to cash out and you can't. Why couldn’t I cash out? I trade in USD and can click market sell at any point in time or set a stop sell order to sell in full if the price ever drops to a certain point. One click and it’s all transferred back into my bank account . You obviously have no idea how any of this shit works if you think crypto isn’t a real easily liquid asset. I can also just keep my crypto in my account and use my debit card which automatically exchanges my crypto to US dollars anywhere that accepts visa or MasterCard and just spend it but I don’t plan on doing that but there is always that option. Have fun with your 0.001% interest you’re making with your savings accounts. I’m making between 8-18% annual interest by staking much of my investment + that initial investment has gone up by almost 1100% in the last 12 months. |
Anonymous Coward User ID: 79307631 Poland 02/18/2021 10:14 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 319997 Germany 02/18/2021 10:14 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79307631 Poland 02/18/2021 10:15 AM Report Abusive Post Report Copyright Violation | ... Quoting: 4doggies Can someone explain why this bitcoin has any value? I'm not trying to be an ass, but I just don't get it? It's based on what? people's good will and trust in the coin, nothing different than FIAT money, with the only difference that the Dollar is backed by the USA Government, Treasury and its military, unlike this scam The U.S. dollar is ba ked by 26 trillion in debts at this point. Not gold. The treasury just prints more and more miney when the economy starts to teater. How long do you think that can go on? why do you think dogecoin was created? it's mocking the USD and it's infinite supply backed by nothing. Yeah its funny when the Gold bugs try and say it was a joke about Bitcoin. |
Anonymous Coward User ID: 78082809 Spain 02/18/2021 10:15 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79307631 Poland 02/18/2021 10:16 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 79647446 United States 02/18/2021 10:16 AM Report Abusive Post Report Copyright Violation | I use to mine bitcoins. Wrote programs to mine on others computers (all legal). I bought bitcoins at $300. Sadly I never kept any very long because I always treated it as a gimmick that was unsustainable and I never wanted to keep very much in it. I always considered it a fad that would end any day. I thought they would eventually attack it from the environmental perspective. It takes the same amount of electricity as Denmark. I didnt count on the youths moral ambiguity toward tech, that was foolish. This week I bought $50k worth of BC and made $10k if I were to cash out. Why now you ask. Diversification. Because I feel leaving that 50k in dollar is riskier. I think this congress is going to print the dollar and the economy into a corner. I see the bad inflation coming for the dollar, and the answer will be more socialism. I also see a stock market that only has one place to go. I see a county that cant re-open main street without sinking wall street. I see stimulus turning into UBI because no main street jobs. I see people who were producers giving up killing themselves for 60k job to be taxed to death to provide a non-worker a 50k lifestyle. I see dead end scenarios everywhere I look. Quoting: Anonymous Coward 75543000 This. I'm no financial wish just some stay at home mom. I don't have much money. But I can see the writing on the wall. I put in only what I could afford to lose. But if it helps me buy some groceries for my kids then it's a good thing. I don't expect to become wealthy from it but I won't complain if it happens. |
Anonymous Coward User ID: 79220975 France 02/18/2021 10:16 AM Report Abusive Post Report Copyright Violation | That CEO of Microstrategy is 110% all in on bitcoin. Quoting: CharlieFoxtrot Dude is wicked smart, and he makes very good arguments. He could be wrong, or he could be right. I guess we'll find out eventually. Funny thing about these bitcoin headlines, prices move so fast that they're practically obsolete by the time they trickle down to us. Can someone explain why this bitcoin has any value? I'm not trying to be an ass, but I just don't get it? It's based on what? Bitcoin is the anti-thesis to phyiscal gold and silver. Physical gold and silver is truly stored energy. If it's out of the ground and probably refined for whichever use THAT'S-IT! It's the perfect measurement-tool. Bitcoin on the other hand uses-up energy without producing ANY PHYSICAL EQUIVALENT and the bigger the Crypto-Network is becoming, the more energy is being used up etc. Bitcoin is a fractal sucker of epic proportions. FIAT has many similarities - CRYPTO IS THE PERFECTION OF THE FIAT SCAM. |