I'm slightly hopeful the crypto fad is dead now and we can return to 'real' economics based on 'real' concepts of value.
I'm slightly hopeful the crypto fad is dead now and we can return to 'real' economics based on 'real' concepts of value.
Look, the wages you withheld from the workmen who mowed your fields are crying out against you. The cries of the harvesters have reached the ears of the Lord of Hosts. You have lived on earth in luxury and self-indulgence. You have fattened yourselves for slaughter.
Crypto isnt going anywhere
Fuck no, lots of people looking beyond the doom-and-gloom of the moment are predicting bitcoin to reach $100k somewhere later this year or next year. Big corporations are loading up on bitcoin quite a bit at the current discounted prices, this is why you can almost always see a price drop in the weekend (corpo buying isn't propping up the price any more and instead it's largely dictated by panicking retail investors) but things keep going sideways during working days. The liquid supply of bitcoin has been going down the entire year so far and it's still decreasing. All signs point to massive crypto upswing at some point, we just don't know when that'll be.Originally Posted by Keckers
Why is it called earth, when it is mostly water???
Ponzi schemes run till investors run out of money. This party however seems to keep going.Fuck no, lots of people looking beyond the doom-and-gloom of the moment are predicting bitcoin to reach $100k somewhere later this year or next year. Big corporations are loading up on bitcoin quite a bit at the current discounted prices, this is why you can almost always see a price drop in the weekend (corpo buying isn't propping up the price any more and instead it's largely dictated by panicking retail investors) but things keep going sideways during working days. The liquid supply of bitcoin has been going down the entire year so far and it's still decreasing. All signs point to massive crypto upswing at some point, we just don't know when that'll be.
still plenty ofgulliblinvestors with money...
meh
Notorious pharmabro Martin Shrekli is out of prison and hosts an AMA on /r/wallstreetbets.
https://www.reddit.com/r/wallstreetb...in_prison_ama/
Answers a surprising amount of questions.
Feeling a bit smug that I withdrew everything in April when the last crypto desaster struck.
Tanks: theBlind[URBAD] (in my heart there will always be a place for [FAIL])
Planetside2: [UBAD]theAngelic
like fiat currency amirite
Why not? The gold standard isn't coming back.like fiat currency amirite
"Holy shit, I ask you to stop being autistic and you debate what autistic is." - spasm
Johns Hopkins CSSE COVID-19 Dashboard (updated link)
Fiat currencies real value comes from the fact that you can pay your obligations to the Government with it. So if a fiat currency loses value the pain is shared with the Government who gets paid in its own devaluing currency.Why not? The gold standard isn't coming back.like fiat currency amirite
Crypto is just a form of investment/gambling until Governments start issuing tax notices in Bitcoin.
![Lowa [NSN]'s Avatar](image.php?s=6d09e0b159e0e3589b42477ab9a32013&u=1329&dateline=1364741468 "Lowa [NSN]'s Avatar")
Elon pulled out. Which doesnt seem like something he is good at in general.
This is gonna be a shitshow.
called it lmao
9 kids with 6 wifes and 2 kids dont want anything to do with him, one even changing her last name.
Trump would call him the pullout master, best in all times.
Schopenhauer:
All truth passes through three stages.
First, it is ridiculed.
Second, it is violently opposed.
Third, it is accepted as being self-evident..
They may say that but I guarantee they still want his money.
Seems i was 'rong9 kids with 6 wifes and 2 kids dont want anything to do with him, one even changing her last name.
Trump would call him the pullout master, best in all times.
Schopenhauer:
All truth passes through three stages.
First, it is ridiculed.
Second, it is violently opposed.
Third, it is accepted as being self-evident..
Bitcoin will be bailed out.Fiat currencies real value comes from the fact that you can pay your obligations to the Government with it. So if a fiat currency loses value the pain is shared with the Government who gets paid in its own devaluing currency.Why not? The gold standard isn't coming back.like fiat currency amirite
Crypto is just a form of investment/gambling until Governments start issuing tax notices in Bitcoin.
1) Bitcoin is already being "bailed out" in a way, just not by governments. Just look at the BTC price. It is not allowed to go below $19000, as soon as it breaches, massive buy orders prop it up again. The people with *A LOT* of BTC can keep this up for quite a while, to artificially keep the price up long enough to get fresh real money in. (which they need to exit the scam)Bitcoin will be bailed out.Fiat currencies real value comes from the fact that you can pay your obligations to the Government with it. So if a fiat currency loses value the pain is shared with the Government who gets paid in its own devaluing currency.Why not? The gold standard isn't coming back.like fiat currency amirite
Crypto is just a form of investment/gambling until Governments start issuing tax notices in Bitcoin.
2) no. Bitcoin *CANNOT* be bailed out. it is not a fiat currency remember? You can maybe bail out some large companies that mistook the scam for investment, or bail out the odd pension fund. but that money will not go into BTC. the BTC will be worthless, just the losses real entities have might be compensated by the government.
Re BTC, rumor is that 19000 is a point at which margin calls for a lot of hedge funds playing with crypto will start to happen. Some already had to liquidate on way down.
Also single stock leveraged inverse stock ETFs are now a thing, starting with TSLA...I don't even...
Posting Permissions
Reply With Quote
Bookmarks