Author Topic: Bitcoins - about to hit $5,000 per coin today!  (Read 771044 times)

Jakobslander

  • Getbig II
  • **
  • Posts: 39
  • Getbig!
Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #7575 on: June 26, 2021, 03:11:39 AM »
I am curious to hear what you guys think about the bitcoin trading possibilities.

I support that it is possible to trade bitcoin 34/7, 365 days per year, but is it really healthy?

What if people could trade the stock market on saturdays and sundays?

I think it is good for managing volatility that trading is restricted to certain times, like we do in the stock market.

It would greatly reduce arbitrage and, with it, volatility. I am aware of two BTC OTC products that get toyed with every Friday. Literally, the powers-that-be drop it like a stone and then, come 4:05PM on Friday, BTC flies and the derivatives get left behind. Then, on Monday morning, pre-open, the powers-that-be drop BTC 1K and the expectations get tamed out. At one point GBTC, to give you one example, accumulated a discount of over 20% while these weekend shenanigans were going on.

Jakobslander

  • Getbig II
  • **
  • Posts: 39
  • Getbig!
Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #7576 on: June 26, 2021, 03:14:42 AM »
The issue is complex and I don't understand it fully, but Europe can ban people from owning bitcoin, like it is illegal to own drugs. Then if you can own it or not, technically speaking, is another issue.

And that's where people make a huge mistake, in equating BTC to wants. BTC is a need. Even if the ECB bans it, people are still going to transact in it. And there's not a single thing they can do about it but spread fear.

gib

  • Getbig V
  • *****
  • Posts: 4735
  • Getbig!
Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #7577 on: June 26, 2021, 03:51:08 AM »
How do you ban something you have no control over? I don't think people understand blockchain technology. The only way to stop BTC and most other cryptos would be to shut down the internet, and that is not going to happen.

Please, someone, explain to me how the ECB can "ban" BTC. I'm all ears.

Exactly. It's like trying to "ban the moon" or "ban it from raining" or "ban that 1+1 = 2". We look back in time at how utterly ridiculous it was to proclaim a "ban" on bitcoin, which is essentially just a mathematical algorithm combined with human thought which people collectively use as a medium of value exchange.

Some articles on this topic here:

https://www.forbes.com/sites/ktorpey/2019/07/30/us-lawmakers-are-realizing-they-cant-ban-bitcoin/?sh=6e338ce13e31

https://journal.bitcoinreserve.com/is-it-possible-to-ban-bitcoin/

https://www.businessinsider.in/cryptocurrency/news/here-is-why-a-ban-on-cryptocurrencies-may-not-be-even-possible/articleshow/82741310.cms

SOMEPARTS

  • Getbig V
  • *****
  • Posts: 15884
Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #7578 on: June 26, 2021, 12:27:03 PM »
How do you ban something you have no control over? I don't think people understand blockchain technology. The only way to stop BTC and most other cryptos would be to shut down the internet, and that is not going to happen.

Please, someone, explain to me how the ECB can "ban" BTC. I'm all ears.


Govts control ISPs and port based code can be blocked at ISP level. Said it many times here to crickets.

SOMEPARTS

  • Getbig V
  • *****
  • Posts: 15884
Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #7579 on: June 26, 2021, 12:31:44 PM »
Truly revolutionary. Will be fascinating how this develops. Other central american countries will follow I suspect.


McAfee dead and now president of pro-crypto Paraguay has flat relatives in that Florida condo:


https://foxnewsupdates.com/news/usa/dallas/relatives-of-paraguays-first-lady-missing-in-miami-collapse/



Three days ago many articles about them passing a bill to take BTC but now this u-turn:


https://www.trtworld.com/business/paraguay-not-looking-to-make-bitcoin-a-legal-tender-lawmaker-47849


OneMoreRep

  • Moderator
  • Getbig V
  • *****
  • Posts: 14097
Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #7580 on: June 26, 2021, 12:33:27 PM »

McAfee dead and now president of pro-crypto Paraguay has flat relatives in that Florida condo:


https://foxnewsupdates.com/news/usa/dallas/relatives-of-paraguays-first-lady-missing-in-miami-collapse/



Three days ago many articles about them passing a bill to take BTC but now this u-turn:


https://www.trtworld.com/business/paraguay-not-looking-to-make-bitcoin-a-legal-tender-lawmaker-47849

What's your theory on the connection between the two?

"1"

SOMEPARTS

  • Getbig V
  • *****
  • Posts: 15884
Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #7581 on: June 26, 2021, 12:45:28 PM »
What's your theory on the connection between the two?

"1"


I don't know about direct connection but it would seem when things get too truthful or some sort of control structure is challenged serious things happen to people. The ability to bury the stories along with the people should be just as concerning.



Theoak*

  • Getbig IV
  • ****
  • Posts: 1407
Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #7582 on: June 26, 2021, 05:00:22 PM »
The issue is complex and I don't understand it fully, but Europe can ban people from owning bitcoin, like it is illegal to own drugs. Then if you can own it or not, technically speaking, is another issue.

It's  not complex. Nothing  is getting banned  certainly  not a multi trillion $ asset class.  The ECB along with other banks will try suppress  usage while they wrap their heads around creating a CBDC which will  work along side BTC as SoV.  They'll  release statements scaring the next wave of adopters "china bans btc", "ECB cautions BTC usage".  It's  nothing more than a stall tactic.

The adoption rate will see 1billion  users by 2024-2025.  So far more people are adopting  crypto  faster than the internet in its first 10 years. 

Do not believe what they say and actually watch what they do. They're  priming to work along side crypto. 

SOMEPARTS

  • Getbig V
  • *****
  • Posts: 15884
Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #7583 on: June 26, 2021, 07:43:23 PM »
It's  not complex. Nothing  is getting banned  certainly  not a multi trillion $ asset class.  The ECB along with other banks will try suppress  usage while they wrap their heads around creating a CBDC which will  work along side BTC as SoV.  They'll  release statements scaring the next wave of adopters "china bans btc", "ECB cautions BTC usage".  It's  nothing more than a stall tactic.

The adoption rate will see 1billion  users by 2024-2025.  So far more people are adopting  crypto  faster than the internet in its first 10 years. 

Do not believe what they say and actually watch what they do. They're  priming to work along side crypto.


And like everything else in recorded history they get the real stuff while regular people get a derivative of value.

Theoak*

  • Getbig IV
  • ****
  • Posts: 1407
Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #7584 on: June 26, 2021, 08:35:58 PM »

And like everything else in recorded history they get the real stuff while regular people get a derivative of value.

History is written by the winners....first time in history we have blockchain technology. So once recorded and agreed upon, history will be unaltered for future reference.  You're absolutely right, powerful innovation which is transforming our monetary system and the way we store  energy/data.

gib

  • Getbig V
  • *****
  • Posts: 4735
  • Getbig!
Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #7585 on: June 26, 2021, 11:19:34 PM »

And like everything else in recorded history they get the real stuff while regular people get a derivative of value.

The real stuff is Bitcoin. And its available to anyone, globally, who has the foresight to acquire it.

Government coins on the other hand, are unlikely to ever be created in a way that truely limits their supply. And further, if you think any of the fake FUD was significant for BTC, wait until the real FUD comes out around Government coins. Think tracking, limitations on use according to each person or cohort, instant taxation, instant confiscation for fines, limits on intranational  transfer, limitations on indeed recipients, etc etc. That FUD will be a MASSIVE driver for a decentralized global asset such as Bitcoin.

And its such a simple play. Simply buy now, stack sats, and HODL...

gib

  • Getbig V
  • *****
  • Posts: 4735
  • Getbig!
Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #7586 on: June 26, 2021, 11:56:15 PM »

Govts control ISPs and port based code can be blocked at ISP level. Said it many times here to crickets.

First, very unlikely any Government would even try do to this, or want to. Most leading and dominant countries (China being the exception) cherish values such as individual freedom of speech, choice, thought, expression etc. And some have such concepts constitutionally enshrined. They realize, that Bitcoin is nothing more than a medium of exchange that people, globally have collectively agreed to use, and that such creation and use of and desire for an asset is a natural evolution of technology.

Second, even less likely they would succeed in doing so. As we are seeing in China as an example, VPNs are used. Another option is for traffic to be routed through Tor. Also (again as seen in China), people simply access/buy whenever on any overseas trip outside of the jurisdiction. For many people from China, the first thing on their "shopping list" once overseas is bitcoin. They set up a wallet, get their sats, and know they will be forever accessible if they ever leave China (whereas all local assets might simply be seized, and all CCDCs simply seized or cancelled for any "wrongdoer" (including those overseas).

A government could try to ban computers, phones, and the entire usage of the internet in their country, but again very very unlikely that any modern and successful country would do this, let along be able to enforce. North Korea is probably the most successful in having done something that approaches this.

So again, for all practical intents and purposes, the FUD that a Government might "block" access to or use of Bitcoin is highly unrealistic.

Successful investors consider the likelihood of future scenarios, and then invest accordingly (as opposed to unsuccessful investors, who think up far-fetched and ridiculous scenarios and then invest accordingly...)


IroNat

  • Getbig V
  • *****
  • Posts: 33803
  • “Always do what you are afraid to do.” - Emerson
Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #7587 on: June 27, 2021, 06:00:56 AM »
Thank goodness no governments have made wearing masks mandatory.

Jakobslander

  • Getbig II
  • **
  • Posts: 39
  • Getbig!
Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #7588 on: June 27, 2021, 07:03:31 AM »

Govts control ISPs and port based code can be blocked at ISP level. Said it many times here to crickets.

Ports and ISPs are not code. What you’re talking about are filters. These filters can be easily bypassed with a VPN. I do it all the time with the PPV stuff.

Guys, you gotta think harder. Come on!



SOMEPARTS

  • Getbig V
  • *****
  • Posts: 15884
Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #7589 on: June 27, 2021, 07:24:08 AM »
If you two are trying to say regarding BTC:

1) govt can't ban BTC as it relates to the average person needed for widespread adoption

2) that it would become even more popular if they did

We can deal in reality rather than wishes.

Yeah, VPN and TOR ...but the average person in the USA doesn't want to be a pirate with a target on their back and let's be honest it's just a black market way to move money without the USA. As soon as they made it "illegal" all the normies would be out of it for good.

As said above they got people to wear masks for a year for no reason...people also pay taxes for the same reasons. This would be nothing to pull off...viral on social media and 24 hour news cycle of "you are a criminal if you have BTC" ... gone in days easy peasy.

f450

  • Getbig IV
  • ****
  • Posts: 1214
Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #7590 on: June 27, 2021, 07:41:32 AM »
The "Governement" are just figureheads placed there by the corporations that pay for their election campaigns.

These corporations are adopting crypto at an alarming rate and are buying up all the bitcoin they can.

Your Government will never go against the wishes of its masters. Bitcoin is not going anywhere.

polychronopolous

  • Getbig V
  • *****
  • Posts: 19041
Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #7591 on: June 27, 2021, 07:59:43 AM »
Billionaire Salinas Wants to Make Mexico’s First Bitcoin-Accepting Bank


Mexico’s third-richest man, Ricardo Salinas Pliego, tweeted this morning that the bank he founded, Banco Azteca, aims to be the first bank in his country to accept Bitcoin.

Salinas runs Grupo Salinas, the sprawling conglomerate that controls the bank he founded 19 years ago. Should he manage to get Banco Azteca to accept Bitcoin, the bank would join a small but growing list of banks transacting in Bitcoin.

The bank claims to be one of Mexico’s largest, citing over 16 million savings accounts and 19 million credit accounts. Until 2019, the bank operated in El Salvador, which recently declared Bitcoin as legal tender.


Michael Saylor
@michael_saylor
·
Jun 26, 2021
If you are hoping to preserve your wealth for a generation, @RicardoBSalinas suggests you invest in #bitcoin. The strategy is simple - choose the highest quality asset you can find and #hodl.
Pomp 🌪
@APompliano
Here is a video of Mexico’s third wealthiest man explaining why he believes all fiat currencies are a fraud and he wants to hold bitcoin over the next 30 years.

Incredible to see this from @RicardoBSalinas given his historic wealth and success.
Embedded video
Ricardo Salinas Pliego
@RicardoBSalinas
Sure, I recommend the use of #Bitcoin, and me and my bank are working to be the first bank in Mexico to accept #Bitcoin, if you need more details or information follow me on my Twitter account 😌.
2:19 AM · Jun 27, 2021


Salinas’s tweet was a response to Michael Saylor, the cloud computing expert turned Bitcoin bull who had tweeted a week-old video of the Mexican billionaire promoting Bitcoin and calling fiat a “fraud.”



In the video, an interview with Jose Rodriguez of Bitcoin ATM provider Chainbytes, Salinas said that Bitcoin is “an asset that should be in the portfolio of any investor” and it “has value and an international market where it is traded with enormous liquidity worldwide.” Salinas then dismissed Dogecoin and other altcoins as “shitcoins.”

At the start of the year, Salinas joined the likes of Michael Saylor, Tesla CEO Elon Musk, and Skybridge’s Anthony Scaramucci, when he changed his Twitter bio to ‘Bitcoin’. In November last year, Salinas tweeted that he had invested 10% of his liquid portfolio in Bitcoin.

https://decrypt.co/74600/billionaire-salinas-wants-to-make-mexicos-first-bitcoin-accepting-bank?amp=1

Jakobslander

  • Getbig II
  • **
  • Posts: 39
  • Getbig!
Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #7592 on: June 27, 2021, 09:36:58 AM »
If you two are trying to say regarding BTC:

1) govt can't ban BTC as it relates to the average person needed for widespread adoption

2) that it would become even more popular if they did

We can deal in reality rather than wishes.

Yeah, VPN and TOR ...but the average person in the USA doesn't want to be a pirate with a target on their back and let's be honest it's just a black market way to move money without the USA. As soon as they made it "illegal" all the normies would be out of it for good.

As said above they got people to wear masks for a year for no reason...people also pay taxes for the same reasons. This would be nothing to pull off...viral on social media and 24 hour news cycle of "you are a criminal if you have BTC" ... gone in days easy peasy.

Again, you fellas are making unbalanced comparisons. Bitcoin is money. Money can be transacted into basically anything, ESPECIALLY the amount of hours someone has to get up and work for. It’s something we’ve developed a sixth sense for. We understand it. We can quantify it and it even makes sense to us in a space/time continuum, which is weird.

Having to wear masks is a non-event. YES, governments have been able to inject enough fear into the population to be able to somewhat control it to the point of forcing it to do A-legal stuff but the population response until today cannot be described as a success. The only reason everything is opening up now if precisely because they know full well they will not be able to control the population much longer.

IroNat

  • Getbig V
  • *****
  • Posts: 33803
  • “Always do what you are afraid to do.” - Emerson
Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #7593 on: June 27, 2021, 12:50:17 PM »
I'm going to get a few $100 bills and hang on to them for 20 years.

Figure they'll be worth millions by then.


Humble Narcissist

  • Getbig V
  • *****
  • Posts: 28112
Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #7594 on: June 27, 2021, 01:34:51 PM »
I'm going to get a few $100 bills and hang on to them for 20 years.

Figure they'll be worth millions by then.


If you bought $200 worth of shitcoin it would be worth trillions!

Mayday

  • Getbig IV
  • ****
  • Posts: 2753
Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #7595 on: June 27, 2021, 01:40:26 PM »
So, a decline in hash-rate itself has zero impact on price. However, if you ban miners (like what happened in China), and those miners then move offshore, and then whilst they do that and move their rigs, hash-rate falls until they get back on line.,

My rebuttal is simple. If turning off half the network has next to no effect then what you did was halve your energy consumption which solves one of Bitcoins largest problems. In fact a maxi was talking about the difficulty level and the network could go down another 50% from here and still operate with almost no difference according to them.

If you halved your energy and made next to no difference to the network, why would anyone want to turn them back on and consume twice the energy for virtually zero benefit?  If as you say price doesn’t follow hashrate then you don’t need the power…….

The logic of the mining network is being inside your house during the day, having plenty of natural  light and then all your inside lighting turned on aswell. You Turn half the lights off and pretty much no difference but then you want to turn them all back on again.

So what is the reasoning behind wanting to consume double the energy?

Theoak*

  • Getbig IV
  • ****
  • Posts: 1407
Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #7596 on: June 27, 2021, 02:32:48 PM »
Billionaire Salinas Wants to Make Mexico’s First Bitcoin-Accepting Bank


Mexico’s third-richest man, Ricardo Salinas Pliego, tweeted this morning that the bank he founded, Banco Azteca, aims to be the first bank in his country to accept Bitcoin.

Salinas runs Grupo Salinas, the sprawling conglomerate that controls the bank he founded 19 years ago. Should he manage to get Banco Azteca to accept Bitcoin, the bank would join a small but growing list of banks transacting in Bitcoin.

The bank claims to be one of Mexico’s largest, citing over 16 million savings accounts and 19 million credit accounts. Until 2019, the bank operated in El Salvador, which recently declared Bitcoin as legal tender.


Michael Saylor
@michael_saylor
·
Jun 26, 2021
If you are hoping to preserve your wealth for a generation, @RicardoBSalinas suggests you invest in #bitcoin. The strategy is simple - choose the highest quality asset you can find and #hodl.
Pomp 🌪
@APompliano
Here is a video of Mexico’s third wealthiest man explaining why he believes all fiat currencies are a fraud and he wants to hold bitcoin over the next 30 years.

Incredible to see this from @RicardoBSalinas given his historic wealth and success.
Embedded video
Ricardo Salinas Pliego
@RicardoBSalinas
Sure, I recommend the use of #Bitcoin, and me and my bank are working to be the first bank in Mexico to accept #Bitcoin, if you need more details or information follow me on my Twitter account 😌.
2:19 AM · Jun 27, 2021


Salinas’s tweet was a response to Michael Saylor, the cloud computing expert turned Bitcoin bull who had tweeted a week-old video of the Mexican billionaire promoting Bitcoin and calling fiat a “fraud.”



In the video, an interview with Jose Rodriguez of Bitcoin ATM provider Chainbytes, Salinas said that Bitcoin is “an asset that should be in the portfolio of any investor” and it “has value and an international market where it is traded with enormous liquidity worldwide.” Salinas then dismissed Dogecoin and other altcoins as “shitcoins.”

At the start of the year, Salinas joined the likes of Michael Saylor, Tesla CEO Elon Musk, and Skybridge’s Anthony Scaramucci, when he changed his Twitter bio to ‘Bitcoin’. In November last year, Salinas tweeted that he had invested 10% of his liquid portfolio in Bitcoin.

https://decrypt.co/74600/billionaire-salinas-wants-to-make-mexicos-first-bitcoin-accepting-bank?amp=1

Someone better inform these banks and sovereign countries  on the Ethereum flippening happening any day now...

Zillotch

  • Getbig V
  • *****
  • Posts: 5589
  • the smoke of their torment ascendeth up for ever
Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #7597 on: June 27, 2021, 04:57:55 PM »
The only reason everything is opening up now if precisely because they know full well they will not be able to control the population much longer.

lmfao....  ::)

SOMEPARTS

  • Getbig V
  • *****
  • Posts: 15884
Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #7598 on: June 27, 2021, 04:59:01 PM »

Having to wear masks is a non-event.

The only reason everything is opening up now if precisely because they know full well they will not be able to control the population much longer.


Really, "they" are losing control eh? Hilarious. It was only the most successful psyop in the history of mankind...and it happened on a "free" internet with relative ease with those asking questions silenced and marginalized immediately. They manufactured the truth and the reality.

If anything the "everything opening up" will be for crypto as the money of common people...not real value....slave money. Look at what the internet has turned into in 20 years. Expect the same from this "money". Another total control mechanism disguised as something else.

The same people now buying BTC would be the people buying hundreds of domain names in the 90s hoping to hit it big. Same old shit except people watched it go to 60k and just sat on it due to pumper FOMO.

SOMEPARTS

  • Getbig V
  • *****
  • Posts: 15884
Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #7599 on: June 27, 2021, 05:04:39 PM »
lmfao....  ::)


Yeah, that comment is something you would have read in 2015 when I was first in BTC.

"we're going to bust up the central banks!" etc...  ::)