Author Topic: Bitcoins - about to hit $5,000 per coin today! (Read 1148926 times)

polychronopolous · « **Reply #3050 on:** March 12, 2020, 08:44:56 PM »

Quote from: friedchickendinner on March 12, 2020, 08:29:08 PM

I've got money already I see no reason to ever invest in anything.

What an utter meaningless thing to do.

Haha hell yeah man fuck em

Teutonic Knight 1 · « **Reply #3051 on:** March 12, 2020, 11:33:46 PM »

Quote from: gib on March 12, 2020, 06:05:35 PM

The keywords being lost is correct I agree. People also lose paper money and gold coins or other items of value. Happens all the time. This is a function of how the asset is stored by the owner and not a fault of the asset itself.

BTC and a long term store of wealth means you will not be transacting too often. More efficient then the costs a persons on foreign currency margins at a typical bank. Much lower than physical gold margins.

Invest in Somali Shillings & triple your money.

gib · « **Reply #3052 on:** March 13, 2020, 08:25:58 AM »

Quote from: friedchickendinner on March 12, 2020, 08:43:22 PM

Who cares.

What a boring life to be obsessed about money and wealth.

I rather shoot myself.

You would unfortunately need money, to go buy the gun and the ammo, to shoot yourself with ...

Teutonic Knight 1 · « **Reply #3053 on:** March 13, 2020, 04:39:43 PM »

Quote from: gib on March 13, 2020, 08:25:58 AM

You would unfortunately need money, to go buy the gun and the ammo, to shoot yourself with ...

Typical Somalian thinking, he can get M16 for free !.

Hey Abdulah, it's 2020 & Africa is still dependent on WHO and other white man organizations

Mayday · « **Reply #3054 on:** March 19, 2020, 04:45:52 PM »

Bump as this thread should now be active again.

It appears our current predicament could be likened to a war scenario.

Post war involves mountains and mountains of QE. We are looking at a possible hyperinflation scenario to erode debt. Germany went 83x devaluation to gold post war still functioning. After that they knew it was fucked so they went to a trillion to burnout their debt and start fresh.

Cryptos are a hedge for post corona QE.

a_pupil · « **Reply #3055 on:** March 19, 2020, 05:13:40 PM »

Quote from: Mayday on March 19, 2020, 04:45:52 PM

Bump as this thread should now be active again.

It appears our current predicament could be likened to a war scenario.

Post war involves mountains and mountains of QE. We are looking at a possible hyperinflation scenario to erode debt. Germany went 83x devaluation to gold post war still functioning. After that they knew it was fucked so they went to a trillion to burnout their debt and start fresh.

Cryptos are a hedge for post corona QE.

TheGrinch · « **Reply #3056 on:** March 19, 2020, 05:22:33 PM »

Quote from: Mayday on March 19, 2020, 04:45:52 PM

Bump as this thread should now be active again.

It appears our current predicament could be likened to a war scenario.

Post war involves mountains and mountains of QE. We are looking at a possible hyperinflation scenario to erode debt. Germany went 83x devaluation to gold post war still functioning. After that they knew it was fucked so they went to a trillion to burnout their debt and start fresh.

Cryptos are a hedge for post corona QE.

and bonus... the US gets to pay back China with worthless dollars..lol

obsidian · « **Reply #3057 on:** March 19, 2020, 08:16:13 PM »

Quote from: Teutonic Knight 1 on March 13, 2020, 04:39:43 PM

Typical Somalian thinking, he can get M16 for free !.

Hey Abdulah, it's 2020 & Africa is still dependent on WHO and other white man organizations

gib is a white guy...

harmankardon1 · « **Reply #3058 on:** March 19, 2020, 08:20:01 PM »

Quote from: TheGrinch on March 19, 2020, 05:22:33 PM

and bonus... the US gets to pay back China with worthless dollars..lol

They give the virus then USA gives them worthless money, all good brah!

obsidian · « **Reply #3059 on:** March 19, 2020, 08:25:21 PM »

Quote from: friedchickendinner on March 12, 2020, 08:29:08 PM

I've got money already I see no reason to ever invest in anything.

What an utter meaningless thing to do.

Put a million dollars in a bank account and leave it there for 50 years. You think it is going to be worth the same?!

polychronopolous · « **Reply #3060 on:** March 20, 2020, 09:03:55 AM »

Quote from: Mayday on March 19, 2020, 04:45:52 PM

Bump as this thread should now be active again.

It appears our current predicament could be likened to a war scenario.

Post war involves mountains and mountains of QE. We are looking at a possible hyperinflation scenario to erode debt. Germany went 83x devaluation to gold post war still functioning. After that they knew it was fucked so they went to a trillion to burnout their debt and start fresh.

Cryptos are a hedge for post corona QE.

I'm not really down with this whole doomsday scenario but do I feel better about Bitcoin as a hedge knowing that the United States is about to print a bunch of money and in a few weeks(May 13th tentatively) the Bitcoin mining production will be cut in half?

Absolutely.

Griffith · « **Reply #3061 on:** March 20, 2020, 10:33:13 AM »

Quote from: polychronopolous on March 20, 2020, 09:03:55 AM

I'm not really down with this whole doomsday scenario but do I feel better about Bitcoin as a hedge knowing that the United States is about to print a bunch of money and in a few weeks(May 13th tentatively) the Bitcoin mining production will be cut in half?

Absolutely.

Have you seen how much the US dollar has strengthened recently?

friedchickendinner · « **Reply #3062 on:** March 20, 2020, 10:33:43 AM »

So how much is a bitcoin these days?

SOMEPARTS · « **Reply #3063 on:** March 20, 2020, 02:40:24 PM »

Quote from: polychronopolous on March 20, 2020, 09:03:55 AM

I'm not really down with this whole doomsday scenario but do I feel better about Bitcoin as a hedge knowing that the United States is about to print a bunch of money and in a few weeks(May 13th tentatively) the Bitcoin mining production will be cut in half?

Absolutely.

Both are currency manipulation. The gambling gene erases logic once again.

deadz · « **Reply #3064 on:** March 20, 2020, 02:47:14 PM »

Virtual money,lol, cash is KING!

Theoak* · « **Reply #3065 on:** March 24, 2020, 05:16:45 PM »

Given current financial climate I am even more bullish than previous years on btc. Unlimited QE will propel btc to greater Highs.

A good read for those of you interesting in hedging into something innovative and potentially life changing.

Stock to flow

https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25

Mayday · « **Reply #3066 on:** March 24, 2020, 05:50:33 PM »

Quote from: deadz on March 20, 2020, 02:47:14 PM

Virtual money,lol, cash is KING!

Cash is no longer accepted where i am because people don't want to handle the money.

If you have cash and no digital money in a bank, you can't buy anything here.

SOMEPARTS · « **Reply #3067 on:** March 27, 2020, 01:50:26 PM »

BEARISH

"Venezuelan President Nicolas Maduro tapped crypto to conceal transactions related to illicit drug-running, the U.S. Department of Justice alleged in an indictment Thursday.

The sweeping charges against Maduro and 14 other Venezuelan officials are primarily targeted at stopping an alleged multibillion-dollar cocaine trafficking ring the DOJ claimed wreaked havoc on American communities for over 20 years. It allegedly involved drug runners, Colombian revolutionaries and narco-terrorism.

Venezuela’s crypto superintendent, Joselit Ramirez Camacho, 33, was also indicted in a separate action in the Southern District of New York."

https://www.yahoo.com/finance/news/us-says-venezuelan-president-maduro-163933555.html

Teutonic Knight 1 · « **Reply #3068 on:** March 27, 2020, 02:06:56 PM »

Quote from: Mayday on March 24, 2020, 05:50:33 PM

Cash is no longer accepted where i am because people don't want to handle the money.

If you have cash and no digital money in a bank, you can't buy anything here.

& where is that ............

Theoak* · « **Reply #3069 on:** March 27, 2020, 06:54:22 PM »

Quote from: Teutonic Knight 1 on March 27, 2020, 02:06:56 PM

& where is that ............

Few places in Australian now.

Irongrip400 · « **Reply #3070 on:** March 27, 2020, 07:14:13 PM »

Quote from: polychronopolous on March 20, 2020, 09:03:55 AM

I'm not really down with this whole doomsday scenario but do I feel better about Bitcoin as a hedge knowing that the United States is about to print a bunch of money and in a few weeks(May 13th tentatively) the Bitcoin mining production will be cut in half?

Absolutely.

They just shut down the mining place here and are getting sued and all of their shit repossessed.

FitnessFrenzy · « **Reply #3071 on:** April 15, 2020, 01:17:05 AM »

robcguns · « **Reply #3072 on:** April 15, 2020, 12:10:28 PM »

Quote from: friedchickendinner on March 20, 2020, 10:33:43 AM

So how much is a bitcoin these days?

6800ish

Teutonic Knight 1 · « **Reply #3073 on:** April 15, 2020, 02:30:41 PM »

Naive question or two:

- Who own bitcoin International TM

- Who own bitcoin mold & stamp those golden coins

- Who buys gold for making those coins

- Who would pay $ 5000 for 1 of those (very small) golden coins

- Name National bank with gold reserve for bitcoins

- Etc,.

Where is 'giby' when you need him

a_pupil · « **Reply #3074 on:** April 15, 2020, 02:33:23 PM »

still hodling, praying for a corona surge