Bitcoins - about to hit $5,000 per coin today!

[Mayday]

yes.

Its time to get real, in my estimation.

Zuckerberg.. is theater, nothing more.

So like you believe, everybody of power and wealth are giving it away to Zuckerberg and Facebook.

Also you think China are giving all their power away to Zuckerberg and Facebook.

You sound nuts of course but hey, if you are going to sound like a nut, be the best nut you can be! Salute!

[Zillotch]

So like you believe, everybody of power and wealth are giving it away to Zuckerberg and Facebook.

again:

Zuckerberg.. is theater, nothing more.

zuck has nothing to do with the power brokers behind diem.

[gib]

again:

zuck has nothing to do with the power brokers behind diem.

Zillo your comment is incredibly ignorant in a number of ways. First, the "power brokers" are slowly but surely coming around to accepting and indeed embracing bitcoin. Second, the entire point of BTC is that it decentralized and independent, as opposed to being created or controlled by US corporates. Facebook has a huge amount of privacy and data issues associated with it that would impact the acceptance of Diem. Further, Diem would not be truly decentralized. Its really a non-starter when compared to the role BTC as has digital gold.

[Zillotch]

Zillo your comment is incredibly ignorant in a number of ways.

on its face - it sounds that way.

I was never a bitcoin denier – on the contrary.. it was indeed 'free money', for a while there.

now, reality dictates otherwise.

I'm not gonna sit here and try to lead the horse... every man must come to his own conclusions.

I've always said – follow the tech. the blockchain will remain.

look at concordia... the libra group - that is diem.

or dont... either way

you will find out in real time, right along with me.

[Army of One]

on its face - its sounds that way.

I was never a bitcoin denier – on the contrary.. it was indeed 'free money', for a while there.

now, reality dictates otherwise.

I'm not gonna sit here and try to lead the horse... every man must come to his own conclusions.

I've always said – follow the tech. the blockchain will remain.

look at concordia... the libra group - that is diem.

or dont... either way

sorry if I am interpreting, but are you not comparing a fixed price digital currency in Libra to a store of value coin in Bitcoin?

[Mayday]

again:

zuck has nothing to do with the power brokers behind diem.

Umm he has everything to do with it as he owns 30% of the platform and is one of the most powerful people in the world.

Again, what timeline are you working on? You said it will happen when it happens which would be operating on a timeline akin to predicting an alien invasion. If you don’t want to sound like
Such a nut, chuck a timeline on it so we know wtf you are on about lol.

[Zillotch]

If you don’t want to sound like Such a nut, chuck a timeline on it so we know wtf you are on about lol.

thats the thing, tho – this shit is nutty... so nutty.

everything in the future (in terms of profit) will b based on transaction fees within diem.

I truly believe that this is the beast system by which the antichrist will operate - just like I've said about blockchain throughout this thread... this tech is dark.

that sounds nutty as well... but look at the world.

there is no upside, imo

[Mayday]

thats the thing, tho – this shit is nutty... so nutty.

everything in the future (in terms of profit) will b based on transaction fees within diem.

I truly believe that this is the beast system by which the antichrist will operate - just like I've said about blockchain throughout this thread... this tech is dark.

that sounds nutty as well... but look at the world.

there is no upside, imo

That’s something waaaaay into the future though.

By the time that rocks around we will probably all wear grey pyjamas as a uniform and have to sit on spin bikes for 8hrs a day to earn food credit type of stuff lol.

This current decade will have the new system being built around basal income. They then need to figure out whether the stock market investers care that the metrics have all been blown to shit and the basis on investment is on QE hitting the major shares.

I agree the world is nutty. I never believed they would shut down the world because like I told my wife it would collapse the monetary system and they’d have to figure it all out. Yet here we are lol. 

[Zillotch]

That’s something waaaaay into the future though.

remember when I posted this nutty shit? (yes, mike... I smoke too much weed)

its kinda like – select men have secretly been on mars, for quite some time.. creating infrastructure necessary to sustain life.. unbeknownst to the human population of earth at large.

these few then set in motion a process by which earth is slowly destroyed... in an incremental, irreversible, and very public way – as things become more dire - these few – will offer the inhabitants of earth safe passage to a viable lifespan on mars in exchange for their freedom.

the inhabitants of earth will b desperate.

I was trying to say that this scenario... as I understand it.. in which a select few... reap the profits from them transaction fees (trillions of transactions a day, going thru diems blockchain crypto system, and only diems blockchain crypto system).. is essentially done.

trillions of transactions a day

u can see why that scenario would be attractive... to the few.

If u ain't in from jump – you're not getting in.

and that is why... everything goes away.

I pray to God that u r right, tho... and we have a decade left... cuz they could flip the switch right now.

[TheGrinch]

Agenda 2030

[Humble Narcissist]

I'm surprised there hasn't been more of an uprising worldwide over this shit.

[polychronopolous]

Wells Fargo: Bitcoin and Other Cryptocurrencies Are No Fad

The traditional banking firm suggests that crypto naysayers are wrong to call it a fad, but stops short of recommending investment… for now.

After a year that has seen the price of Bitcoin
bounce from a pandemic panic-dinged low near $5,000 and a recent all-time-high just shy of $20,000, one of the traditional banking giants says that maybe cryptocurrencyis worth paying attention to after all—and that it’s not a fad.

In a new investment strategy report posted yesterday, Wells Fargo—the world’s fourth-largest bank by market cap—offered perspective on Bitcoin and the wider cryptocurrency market. And while it’s hardly a recommendation, the report at least strikes an optimistic tone about what it sees as a potential future for wider investments in cryptocurrency.

“Over the past 12 years, they have risen from literally nothing to $560 billion in market capitalization,” the report reads. “Fads don’t typically last 12 years.”

The crypto faithful might roll their eyes at such a discussion, but Wells Fargo’s audience here is mainstream investors, and most of them probably aren’t holding onto a stash BTC or ETH. The report leads with Bitcoin’s immense 2020 gains, noting a 170% year-over-year price increase over last year, but then tempers enthusiasm by pointing out the price volatility seen over the last few years.

“If you feel left out of the gains, don’t. The chart highlights that bitcoin has indeed outperformed gold and the S&P 500 Index over the last three years, but look at the volatile journey bitcoin investors had to endure to get there,” it reads.

“Up until only two months ago, three-year total returns were pretty much the same among the three assets, but volatility differed. Cryptocurrency investing today is a bit like living in the early days of the 1850’s gold rush, which involved more speculating than investing.”

A provided indexed value chart shows Bitcoin, gold, and the S&P 500 Index all starting at the same point and all landing in a similar place after nearly three years. However, the Bitcoin line suddenly jumps up much higher right at the end, signifying the immense price boost seen over the last month and a half.

Ultimately, Wells Fargo seems optimistic about crypto’s future, adding, “Cryptocurrencies could become investment-worthy one day, though.” Furthermore, the firm suggests that it will pay more attention to the crypto space in 2021 and provide more perspective for potential investors.

https://decrypt.co/50783/wells-fargo-bitcoin-cryptocurrencies-no-fad

[gib]

I'm surprised there hasn't been more of an uprising worldwide over this shit.

Dude the uprising is happening as we speak. It's called Bitcoin. Bitcoin is your protection against what is coming. If you don't understand then educate yourself.

I'll make this simple.

1. Get a Bitcoin (or whatever you can afford now).

2. Ideally buy it peer-to-peer (as opposed to off an exchange as an exchange may require KYC details and then have information on who you are).

3. Store the BTC off-exchange, in cold storage.

4. HODL.

You will thank me in 2030, even if you don't understand this now.

[Zillotch]

Dude the uprising is happening as we speak. It's called Bitcoin. Bitcoin is your protection against what is coming.

one of the saddest elements in all of this, imo... is that this very attitude is fueling the end of bitcoin, and all economic life as we know it.

participation in crypto now, accelerates the infrastructure of diem... they got the plebs to do the grunt work.

your end, will b brought to u by the sweat off ur own brow... lol

busy worker bees.

when the smoke clears, and these few offer the gibster an opportunity to exchange his bits for them diem dollars.. he's gonna do it.

he's gonna have to.

there will be nowhere to go... no crypto.. metals, real estate commodities stocks.. bye bye

its a new game.

play ball - maintain some semblance of a life.

that hook, tho.. don't worry, them transaction fees will b reasonable... prices will b fair... biotech will b painless.

the illusion of convenience, at the cost of your soul.

sinister.

gib will re appear, somewhere... maybe this thread.. pushing diem at some point, watch.

[gib]

Bitcoin is decentralized, limited in supply, can be exchanged anonymously, does not track on what its spent on, and is controlled by no-one.

Diem is the exact opposite.

Diem will drive huge demand for BTC just as a FedCoin will (for obvious reasons).

[gib]

Wells Fargo: Bitcoin and Other Cryptocurrencies Are No Fad

The traditional banking firm suggests that crypto naysayers are wrong to call it a fad, but stops short of recommending investment… for now.

After a year that has seen the price of Bitcoin
bounce from a pandemic panic-dinged low near $5,000 and a recent all-time-high just shy of $20,000, one of the traditional banking giants says that maybe cryptocurrencyis worth paying attention to after all—and that it’s not a fad.

In a new investment strategy report posted yesterday, Wells Fargo—the world’s fourth-largest bank by market cap—offered perspective on Bitcoin and the wider cryptocurrency market. And while it’s hardly a recommendation, the report at least strikes an optimistic tone about what it sees as a potential future for wider investments in cryptocurrency.

“Over the past 12 years, they have risen from literally nothing to $560 billion in market capitalization,” the report reads. “Fads don’t typically last 12 years.”

The crypto faithful might roll their eyes at such a discussion, but Wells Fargo’s audience here is mainstream investors, and most of them probably aren’t holding onto a stash BTC or ETH. The report leads with Bitcoin’s immense 2020 gains, noting a 170% year-over-year price increase over last year, but then tempers enthusiasm by pointing out the price volatility seen over the last few years.

“If you feel left out of the gains, don’t. The chart highlights that bitcoin has indeed outperformed gold and the S&P 500 Index over the last three years, but look at the volatile journey bitcoin investors had to endure to get there,” it reads.

“Up until only two months ago, three-year total returns were pretty much the same among the three assets, but volatility differed. Cryptocurrency investing today is a bit like living in the early days of the 1850’s gold rush, which involved more speculating than investing.”

A provided indexed value chart shows Bitcoin, gold, and the S&P 500 Index all starting at the same point and all landing in a similar place after nearly three years. However, the Bitcoin line suddenly jumps up much higher right at the end, signifying the immense price boost seen over the last month and a half.

Ultimately, Wells Fargo seems optimistic about crypto’s future, adding, “Cryptocurrencies could become investment-worthy one day, though.” Furthermore, the firm suggests that it will pay more attention to the crypto space in 2021 and provide more perspective for potential investors.

https://decrypt.co/50783/wells-fargo-bitcoin-cryptocurrencies-no-fad

Poor old Mr Anabolic. Its almost as though parts of this article are deliberately having a dig at him... lol!

[Zillotch]

Bitcoin is decentralized, limited in supply, can be exchanged anonymously, does not track on what its spent on, and is controlled by no-one.

Diem is the exact opposite.

Diem will drive huge demand for BTC just as a FedCoin will (for obvious reasons).

i'm bowing out of this thread.

good luck.

[Humble Narcissist]

Dude the uprising is happening as we speak. It's called Bitcoin. Bitcoin is your protection against what is coming. If you don't understand then educate yourself.

I'll make this simple.

1. Get a Bitcoin (or whatever you can afford now).

2. Ideally buy it peer-to-peer (as opposed to off an exchange as an exchange may require KYC details and then have information on who you are).

3. Store the BTC off-exchange, in cold storage.

4. HODL.

You will thank me in 2030, even if you don't understand this now.

I've got a little Bitcoin just for online casinos.  It's easier and quicker to cash out that way.  Bitcoin is not going to save you.

[Mayday]

I pray to God that u r right, tho... and we have a decade left... cuz they could flip the switch right now.

No. they can’t flip the switch right now. Not even remotely close...... Bloody hell, baby Jesus weeps each time you post.

I know enough about currency and monetary systems to be pretty accurate about expected outcomes. We face a reduction of work hours which will be subsidised by basal income. That is what is coming in 2021 and 2022.

[Mr Anabolic]

Poor old Mr Anabolic. Its almost as though parts of this article are deliberately having a dig at him... lol!

Old?  'Nanny nanny boo boo' to you too.  lol is right.  They said the exact same things about the dot.coms in the late 90's and housing prices can never go down... many other silly exclamations.  Beanie babies to the moon!

I'm really gonna have a blast with you when it all comes crashing down... for whatever the reason.   

[a_pupil]

Old?  'Nanny nanny boo boo' to you too.  lol is right.  They said the exact same things about the dot.coms in the late 90's and housing prices can never go down... many other silly exclamations.  Beanie babies to the moon!

I'm really gonna have a blast with you when it all comes crashing down... for whatever the reason.

I posted a few weeks ago that I sold my blips. I'm still waiting for the bank transfer to clear from one of the top exchanges lmao.

But they're the latest technology they say, going to take over gold/cash/the world but you just got to hodl.

[affeman]

Old?  'Nanny nanny boo boo' to you too.  lol is right.  They said the exact same things about the dot.coms in the late 90's and housing prices can never go down... many other silly exclamations.  Beanie babies to the moon!

I'm really gonna have a blast with you when it all comes crashing down... for whatever the reason.

[polychronopolous]

MicroStrategy to Raise $400 Million to Buy Even More Bitcoin

MicroStrategy Inc. is doubling down on its Bitcoin bet, saying Monday that it plans to offer $400 million of convertible bonds in order to buy more of the cryptocurrency.

The proceeds from the offering will be invested in Bitcoin “pending the identification of working capital needs,” the Virginia-based company said in statement.

MicroStrategy bills itself as a business-intelligence firm but has been doubling down on its capital-allocation strategy disclosed in July, which included investing up to $250 million in assets including Bitcoin.

MicroStrategy bought more of the cryptocurrency on Dec. 4, saying in a filing that it now has about 40,824 Bitcoins in total.

“We see the recent stock rally as overextended and see incremental risks to the story following an announced $400 million convertible note to fund even more Bitcoin purchases,” said Citigroup analyst Tyler Radke, downgrading his recommendation to a sell.

The stock has doubled since the beginning of November as the price of Bitcoin has also surged. Shares fell 4.8% premarket Tuesday.

  https://www.bloomberg.com/news/articles/2020-12-07/microstrategy-to-raise-400-million-to-buy-even-more-bitcoin

[Mr Anabolic]

MicroStrategy to Raise $400 Million to Buy Even More Bitcoin

MicroStrategy Inc. is doubling down on its Bitcoin bet, saying Monday that it plans to offer $400 million of convertible bonds in order to buy more of the cryptocurrency.

The proceeds from the offering will be invested in Bitcoin “pending the identification of working capital needs,” the Virginia-based company said in statement.

MicroStrategy bills itself as a business-intelligence firm but has been doubling down on its capital-allocation strategy disclosed in July, which included investing up to $250 million in assets including Bitcoin.

MicroStrategy bought more of the cryptocurrency on Dec. 4, saying in a filing that it now has about 40,824 Bitcoins in total.

“We see the recent stock rally as overextended and see incremental risks to the story following an announced $400 million convertible note to fund even more Bitcoin purchases,” said Citigroup analyst Tyler Radke, downgrading his recommendation to a sell.

The stock has doubled since the beginning of November as the price of Bitcoin has also surged. Shares fell 4.8% premarket Tuesday.

  https://www.bloomberg.com/news/articles/2020-12-07/microstrategy-to-raise-400-million-to-buy-even-more-bitcoin

More and more contrary indicators popping up all over the place now.  Whenever the market cracks, blips will go with it.

[Mr Anabolic]

I posted a few weeks ago that I sold my blips. I'm still waiting for the bank transfer to clear from one of the top exchanges lmao.

But they're the latest technology they say, going to take over gold/cash/the world but you just got to hodl.

You're one of the smarter blipsters in this thread.