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

[gib]

Keep telling yourself that if it makes you feel better and keep ‘trusting’ in your government to protect you.

‘They will never do something like that’ lmao

If there’s a Fedcoin, Bitcoin will be shut down as it will defeat the objectives of a Fedcoin. Any bans or shutdowns can obviously also be achieved by indirect methods.

Try not to shit your pants and keep trusting in your government and others globally which want to protect you and allow untraceable, untaxed investments and money, and an easier way to pay for criminal activities 

Dude, you have this entirely back to front. I don't trust the Government. Neither should you. The Government steals money from you in many ways. And with FedCoin it will not only steal from you, but control you. Bitcoin is the ultimate defense against that, but it will be the rich and powerful who benefit most from that defense. The rest (the masses who don't have Bitcoin), will be helpless, and that largely will suit the powers that be who will then have a supply of compliant and controllable servants of 95-99% of the population. You still have a chance... Buy. HODL. You will thank me in the years to come.

[Methyl m1ke]

Seems to me btc is being inflated to attract investors and then pull the rug out from under them. Btc is easentially air its only value is purely speculative. Gold on the other hand has been valuable forever. You cannot do much with it but at least you actually own some gold. With btc what do you posses? Nothing thats only worth something for the moment.

[Zillotch]

A bit like saying ‘man will land on Mars’ don’t you think?

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.

the 'when'... is difficult, for this reason:

AI is effectively calling the shots

[gib]

Seems to me btc is being inflated to attract investors and then pull the rug out from under them. Btc is easentially air its only value is purely speculative. Gold on the other hand has been valuable forever. You cannot do much with it but at least you actually own some gold. With btc what do you posses? Nothing thats only worth something for the moment.

Both gold and BTC get their value primarily due to others to accept them as a store of value. They are both inherently speculative, only with BTC having huge advantages over gold in terms of divisibility, portability, security, etc. If the collective demand falls for any speculative asset, its value falls. Which is why right now gold is falling and BTC is rising as the total collective agreement as to what to use to store wealth is changing from analogue to digital. Did you watch the full video I posted?

[Methyl m1ke]

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.

the 'when'... is difficult, for this reason:

You are smoking wayyy too much.

[FitnessFrenzy]

only with BTC having huge advantages over gold in terms of divisibility, portability, security

 

[Zillotch]

the 'when'... is difficult

the closer we get to the worldwide vaccine mandate, the closer we will get to the single system of economic function.... the tech will be within the vaccine.

the vaccine - will introduce a host of extraordinarily bad technologies into your system that will fundamentally change what u r.

[Zillotch]

Everyone should own some bitcoin.

bitcoin will go away soon, as its function – building out the blockchain - is no longer needed.

When will Diem be released?

2021

[Humble Narcissist]

Seems to me btc is being inflated to attract investors and then pull the rug out from under them. Btc is easentially air its only value is purely speculative. Gold on the other hand has been valuable forever. You cannot do much with it but at least you actually own some gold. With btc what do you posses? Nothing thats only worth something for the moment.

This ^

[Griffith]

Seems to me btc is being inflated to attract investors and then pull the rug out from under them. Btc is easentially air its only value is purely speculative. Gold on the other hand has been valuable forever. You cannot do much with it but at least you actually own some gold. With btc what do you posses? Nothing thats only worth something for the moment.

And of course gold is also used in electronics, computers and aerospace. The only substitutes are other precious metal such as palladium and platinum.

[Zillotch]

if u told me, at the beginning of this thread - that gold would soon b worthless... I would have asked u to pass the joint.

but it will be.

[FitnessFrenzy]

North Korea buying. And china buying big time.

So that is a stamp of approval?

[polychronopolous]

‘Nobody’s going to ban bitcoin’: US official

Watchdog chief says the leading crypto's smooth integration into the financial system is a top priority

“Killing” bitcoin is not on the US government’s agenda, assures a senior official.

Brian Brooks, head of the Office of the Comptroller of the Currency, the bureau of the Treasury Department that supervises federal banks, said regulators merely wish to ensure that the leading crypto’s integration into the financial system happens smoothly.

In an interview with CNBC’s Squawk Box on Friday, Brooks explained:  “We’re very focused on getting this right. We are very focused on not killing this, and it is equally important that we develop the networks behind bitcoin and other cryptos as it is that we prevent money laundering and terrorism financing.”
YouTube Poster

Brooks was responding to a question about whether the Trump administration was planning to implement draconian crypto regulations before President-elect Joe Biden takes office in January. Coinbase CEO Brian Armstrong put the spotlight on the issue last month in a series of tweets explaining why banning self-hosted crypto wallets would have a negative impact, sparking fears of an impending regulatory crackdown.

However, Brooks, whose recent appointment by Trump has been criticized by Democrats, who believe he will be too soft on Wall Street banks, assured, “I think you’re going to see a lot of good news for crypto by the end of the Trump term. Some of it is going to have to do with banks connecting to blockchains, some of it is going to be more clarity around the nature of these assets.”

https://asiatimes.com/2020/12/nobodys-going-to-ban-bitcoin-us-official/

[FitnessFrenzy]

[Zillotch]

that sniper shot, tho

[Zillotch]

gold, real estate... hopes and dreams... all of it – gone.

[Mayday]

Seems to me btc is being inflated to attract investors and then pull the rug out from under them.

Probably the most rational argument I have read here.

For BtC to ramp over 20k requires more large players. The latest ramp was largely a result of PayPal.

So the lure is really there for whales to jump in, not so much for plebs to take action because our inputs are so small it doesn’t result to much in the grand scheme of things. Eg gold is priced where it is and stable due to the mega wealthy, not average Joe.

When you have JPM making noises, it’s to lure other institutions to jump in, not a signal that they are about to do it themselves.

So the question becomes why would mega wealth jump in? Their answer would probably be what you said.  If that group capitulates slowly one by one, you form a consensus and that’s where the belief system in BTC being a hedge becomes a reality.

[pellius]

Probably the most rational argument I have read here.

For BtC to ramp over 20k requires more large players. The latest ramp was largely a result of PayPal.

So the lure is really there for whales to jump in, not so much for plebs to take action because our inputs are so small it doesn’t result to much in the grand scheme of things. Eg gold is priced where it is and stable due to the mega wealthy, not average Joe.

When you have JPM making noises, it’s to lure other institutions to jump in, not a signal that they are about to do it themselves.

So the question becomes why would mega wealth jump in? Their answer would probably be what you said.  If that group capitulates slowly one by one, you form a consensus and that’s where the belief system in BTC being a hedge becomes a reality.

Really? So what does it mean to "pull the rug" from under them. Investors jump in and the price goes up and then, what? Somebody (who?) decides that the price has gone up high enough and it's time to "pull the rug." So what does that mean? How is it done?
Who does this? Where does all the money "pulled" go?

[Mayday]

Really? So what does it mean to "pull the rug" from under them. Investors jump in and the price goes up and then, what? Somebody (who?) decides that the price has gone up high enough and it's time to "pull the rug." So what does that mean? How is it done?
Who does this? Where does all the money "pulled" go?

My opinion is the last bit of my post. They will end up forming a consensus and making it a proper hedge.

To answer your question is to pull the rug meaning the major holders lure in others in order to bail themselves out and leave the new comers holding the bag.

Who decides? The major holders will make their own decision and those left make their decision after that and so on. No different to the share market.
How? They sell on an exchange the same way they bought.
Where does the money go? To whatever they want to invest in.

BTC isn’t established as a real anything yet but it also hasn’t gone away. The fact it came back is what pulled me in which would be the same thing that is happening to others who have changed their tune.

[Army of One]

.

BTC isn’t established as a real anything yet but it also hasn’t gone away. The fact it came back is what pulled me in which would be the same thing that is happening to others who have changed their tune.

This.I was convinced it would never survive after the 2017-2018 dump.The fact that now 3 years later its back at its old ath and institutions are wanting more than is currently being mined, and seriously looking at it as a replacement for gold.

[gib]

Mr Anabolic's favorite twins...

[gib]

They address some of the many of Mr A's objections. Bitcoin is not secure, it can be stolen from an exchange, gold has a practical application therefore is better, a FedCoin will displace BTC, etc, etc.

Their price forecast is $500,000 per coin by 2030, and "possibly as even within the next 5 years".

[Zillotch]

gib is a die hard.... but the path forward is clear at this point.

diem.

[Mayday]

gib is a die hard.... but the path forward is clear at this point.

diem.

Your position is clear.

You believe all central banks, retail banks, financial institutions, govts and the super wealthy and powerful agreed to hand over all power and financial control to Zuckerberg and Facebook.

[Zillotch]

Your position is clear.

You believe all central banks, retail banks, financial institutions, govts and the super wealthy and powerful agreed to hand over all power and financial control to Zuckerberg and Facebook.

yes.

Its time to get real, in my estimation.

Zuckerberg.. is theater, nothing more.