×
Login Register an account
Top Submissions Explore Upgoat Search Random Subverse Random Post Colorize! Site Rules
0

Im torn about bitcoin crashing and burning and losing its value.

submitted by usedoilanalysis to TellUpgoat 1.5 yearsNov 22, 2022 08:01:17 ago (+1/-1)     (TellUpgoat)

On the one hand, sure I lose some imaginary stuff, on the other hand, it strengthens the dollar, which means it increases deflationary pressures. Which lowers the price of energy. It's a moot point however because the markets are all manipulated. Goverment/international banking manipulation vs natural market forces, in a way it's entertaining seeing a few powerful people trying to overpower nature.


78 comments block


[ - ] diggernicks 0 points 1.5 yearsNov 27, 2022 09:16:53 ago (+0/-0)

Youare a whiny cunt

Who cares

[ - ] usedoilanalysis [op] 0 points 1.5 yearsNov 27, 2022 09:19:22 ago (+0/-0)

71 comments, you wish you had that kind of interaction.

[ - ] diggernicks 0 points 1.5 yearsNov 27, 2022 09:23:51 ago (+0/-0)

You wish so hard your tears would magically make all the people whose physiques you don't approve of disappear

Child mentality XD

[ - ] usedoilanalysis [op] 0 points 1.5 yearsNov 27, 2022 09:24:50 ago (+0/-0)

I don't know why you approve of looking like Jabba the fat.

[ - ] diggernicks 0 points 1.5 yearsNov 27, 2022 09:26:18 ago (+0/-0)

If only you could direct your whiny little bitch self toward something useful

All that energy you spend whining could cure cancer maybe lol

[ - ] usedoilanalysis [op] 0 points 1.5 yearsNov 27, 2022 09:32:15 ago (+0/-0)

Curing cancer would require eliminating you. I do useful shit, you can go on my sub and learn about fluid dynamics. You just act like a bitter woman, and claim to be a man. Your claims do not reconcile with reality.

[ - ] diggernicks 0 points 1.5 yearsNov 27, 2022 09:33:33 ago (+0/-0)

I obv touched a nerve bc you went to chat to shed bitch tears over words on the internet

[ - ] usedoilanalysis [op] 0 points 1.5 yearsNov 27, 2022 09:49:26 ago (+0/-0)

If you say so.

[ - ] Jerd34 4 points 1.5 yearsNov 22, 2022 10:15:17 ago (+4/-0)

it strengthens the dollar? did you really just say that? no wonder we have so many problems, literally everyone is stupid. This whole SBF fiasco happened. They say we dodged a bullet because it was exposed before he took all asset classes but I see the damage is already done. This will be used to completely demonize crypto, yoke the banks to the blockchain and regulate it. This will be worse than a failing fiat dollar. They have been threatening us with a digital currency or decades and everyone thinks crypto is the savior(digital currency) At this point, america gets what it deserves. The entire country needs to burn.

[ - ] Sector7 1 point 1.5 yearsNov 22, 2022 10:34:11 ago (+1/-0)

"The entire country needs to burn."

If we get another Carrington Event as the pole flip is imminent, every structure with electrical wiring could burn.

[ - ] deleted 0 points 1.5 yearsNov 24, 2022 21:19:32 ago (+0/-0)

deleted

[ - ] usedoilanalysis [op] 0 points 1.5 yearsNov 22, 2022 11:16:43 ago (+0/-0)

FTX was a ponzi scheme to bring crypto into turmoil, and attempt to have it regulated. It was planned to fail from the start.

[ - ] Jerd34 0 points 1.5 yearsNov 22, 2022 13:37:37 ago (+0/-0)

it worked.

[ - ] usedoilanalysis [op] 0 points 1.5 yearsNov 22, 2022 14:05:27 ago (+0/-0)

Sort of.

[ - ] Jerd34 0 points 1.5 yearsNov 22, 2022 16:09:28 ago (+0/-0)

keep an eye on the cascading effects. many companies are going out with this. they will go bankrupt and then more bail outs. more rapid inflation. more wealth transfer. its so easy to see it.

[ - ] usedoilanalysis [op] 0 points 1.5 yearsNov 22, 2022 17:09:44 ago (+0/-0)

You mean the FTX shell corporations?

[ - ] FreeinTX 4 points 1.5 yearsNov 22, 2022 08:13:13 ago (+4/-0)

The dollar isn't being strengthened by a collapse in crypto.

[ - ] usedoilanalysis [op] -4 points 1.5 yearsNov 22, 2022 08:14:14 ago (+0/-4)

Oh ye of little faith and lots of soy.

[ - ] FreeinTX 2 points 1.5 yearsNov 22, 2022 08:16:38 ago (+2/-0)

Zero soy, nigger, and the dollar is dying. It's no longer the world reserve currency.

[ - ] HeyJames 0 points 1.5 yearsNov 22, 2022 09:08:35 ago (+0/-0)

Dying I can agree with but the dollar probably won't stop being the world's reserve currency without a conflict

[ - ] usedoilanalysis [op] -1 points 1.5 yearsNov 22, 2022 09:10:48 ago (+1/-2)

Do you even look at the markets? Gold Silver GBP, the Euro, the Yen, all weak vs Dollar right now. Go invest in some Rubles or Renminbi lol.

[ - ] GoldenAgeWhen 0 points 1.5 yearsNov 22, 2022 10:31:15 ago (+0/-0)

Just because something is weak doesn't mean anything, and anything that is "weak" against the reserve currency means that it is not the reserve currency.

I'm not sure why freeintx doesn't think it is the reserve currency though.

[ - ] Sector7 0 points 1.5 yearsNov 22, 2022 10:28:32 ago (+0/-0)

Don't put your faith in jewish financial manipulation.

[ - ] knightwarrior41 3 points 1.5 yearsNov 22, 2022 08:07:13 ago (+3/-0)

there are no market forces. the term is an invention from economists to tell you that economies are random but the opposite its true its all well controlled by the banks

[ - ] FreeinTX 1 point 1.5 yearsNov 22, 2022 08:15:25 ago (+1/-0)

This isn't true. Banks aren't making consumers buy things. Market forces are very real and when they try to manipulate these forces, the imbalances cause problems they can't fix. Banks are not all powerful.

[ - ] FacelessOne 1 point 1.5 yearsNov 22, 2022 08:30:00 ago (+1/-0)

All powerful banks are intentionally draining the wealth from all white nations.


Not all powerful lol

[ - ] Sector7 1 point 1.5 yearsNov 22, 2022 10:25:16 ago (+1/-0)

Banks, manipulation industries (advertising, marketing, propaganda), and policy makers are on the same team. The herd is the resource they exploit, and their reason for being.

People are not living their crappy 'lifestyles' of their own free choice, same as no one would freely choose either of the crappy managers they offer us every 4 years.

[ - ] FreeinTX 0 points 1.5 yearsNov 22, 2022 15:17:14 ago (+0/-0)

If they had control, "Get woke, go broke" wouldn't be a thing. People aren't buying the bullshit.

[ - ] knightwarrior41 0 points 1.5 yearsNov 22, 2022 08:48:37 ago (+0/-0)

name these market forces that you speak of. banks make monetary policy, its thru banks that people get loans for their houses and businesses and of course they will manipulate the market. though i freer times it was less obvious.

its true that in a free economy the people or private business should set the prices but these prices are not cause from some invisible forces but the value that the people that makes the market have agreed or not agreed to these set prices.

as we have seen the economies can be manipulated by fiscal policy

[ - ] usedoilanalysis [op] 0 points 1.5 yearsNov 22, 2022 09:13:07 ago (+0/-0)

Food prices are controlled by the government via subsidies, which is powerful, because last I checked there's always demand for food. OPEC tries but can't seem to peg energy prices where they want, why do you suppose that is?

[ - ] zr855 0 points 1.5 yearsNov 22, 2022 17:20:07 ago (+0/-0)

Banks create money. They are as powerful as the value we assign to the money they create.

[ - ] FreeinTX 0 points 1.5 yearsNov 22, 2022 20:39:47 ago (+0/-0)

Yes, banks "create money" but money gets its value from what it buys. And if it wasn't banks creating the money, someone else would. Bitcoin, gold, raw commodities, etc. The value assigned to it is based on the amount of effort, work, and resources it takes to get the money to buy those things. The only role banks play in this game is the immediate availability of credit and the supply of the that they money. They can't control what you buy, and they can't control the value of the money they "create".

[ - ] zr855 0 points 1.5 yearsNov 22, 2022 23:40:02 ago (+0/-0)

Banks absolutely control the value of money as a collective and they control what you DO. There are literal requirements now to kike up your companies by forcing them to have diversity officers, human resources, hell soon you'll be forced to use proper pronouns. They started doing this with larger companies a LONG time ago. You won't get loans if you don't do as the kike says. Also, it's a complete sham. Large banks just fund jewish interests and media directly--especially the central bank.

If it were nice and simple and honest as you describe they wouldn't be paying foreign countries to NOT use bitcoin. Yes, they are actually doing that now.

My guess is you or someone you know works at a bank. Local banks aren't that bad BUT they are required to play by the rules and something is coming for you by the way. They believe they have absolute power now and are creating FedCoin. This will starve local banks completely. They are going to cut you out of the process entirely.

There is no need to put quotes around create. Banks create money. That is the bottom line. Every time a loan is made, they create new money.

[ - ] zr855 0 points 1.5 yearsNov 23, 2022 00:15:42 ago (+0/-0)

[ - ] FreeinTX 0 points 1.5 yearsNov 23, 2022 06:17:20 ago (+0/-0)

You think the banks did this? Or, is it possible, Adidas filed a suit for contract breech and took the money they paid Ye back?

[ - ] zr855 0 points 1.5 yearsNov 23, 2022 07:27:27 ago (+0/-0)

It's not the point. Banks can literally freeze your funds and take them. I don't really care about this nigger. Banks HAVE AND DO take your funds.

[ - ] zr855 0 points 1.5 yearsNov 23, 2022 07:28:30 ago (+0/-0)

Have you ever used bitcoin? Do you understand what it is? Do you understand what self custody is? NO ONE can take my bitcoin without hitting me over the head with a wrench until I give it to them and STILL I can put measures in place to not allow me to give it to them.

[ - ] FreeinTX 0 points 1.5 yearsNov 23, 2022 08:26:03 ago (+0/-0)

Did you buy that shitcoin at $60k? Because if you did, and you didn't keep it in a wallet, you may not have to worry about anyone taking it from you, but you just watched more than half its value disappear. You also have to worry about the future where it may become illegal to accept it as payment. And, while you might get some dumb fuck to take it, it won't be widely enough accepted to hold actual value. Explosive volatility isn't a desired characteristic of money.

[ - ] zr855 0 points 1.5 yearsNov 23, 2022 15:53:22 ago (+0/-0)

Being illegal changes nothing. It just keeps spreading. You don't lose value if you don't sell OR if you only use it to transact. I don't ever tell people to invest. They should simply use it.

Explosive volatility isn't a desired characteristic of money.

Massive, constant devaluation isn't either and what's really not a desired characteristic is using your fucking enemy's money. You will only die when that happens and that's where kikes have us now with their money.

[ - ] FreeinTX 0 points 1.5 yearsNov 23, 2022 17:45:14 ago (+0/-0)

You don't lose value if you don't sell OR if you only use it to transact.

Dumbest fucking comment I've read this month.

The value of bitcoin changes every second and if you bought it at $60k you've seen 2/3rds of its value disappear along with 2/3rds of its purchasing b power.

You don't realize a loss if you don't sell it at a lower price, but that doesn't have shit to do with the value of your bitcoin holdings.

And, if you transact with it, unless you buy bitcoin and then immediately use that bitcoin to buy something else, your purchasing power will fluctuate with the value of the coins you possess. And, we are watching that value plummet.

The USD took over 100 years to lose 95% of its value. Bitcoin has lost over 60% this year.

And, bitcoin is not spreading. If countries make it illegal to buy and sell using bitcoin, like China has, you can only buy and sell items on the down low, especially if those items are taxed with a sales tax, and then, if that's the case, you could find yourself in serious trouble for tax evasion. Black markets will have no problem with taking bitcoin on the downlow, but every reputable company in the country will not accept it for payment of their goods and services.

And, all this is a dodge to my central point, that you completely ignored. Explosive volatility is not a good characteristic of money. Even regular fluctuations of a percent or two over a month is not quality money. Why do you think there are "stable coins" that are pinned to currencies, like the USD?

It almost laughable that you believe these jew fucks are going to let bitcoin compete fairly against their digital coin.

[ - ] usedoilanalysis [op] 0 points 1.5 yearsNov 22, 2022 08:14:41 ago (+0/-0)

There are market forces, ask Nvidia.

[ - ] GoldenAgeWhen 0 points 1.5 yearsNov 22, 2022 10:38:05 ago (+0/-0)

I use the term "market force" for many things that don't have to do with money. For example, "Removal of a strong man from a family removes the market force deterring his daughter from defiling herself".

It can also be things like "reduction in the cost of abortions creates a market force in the direction of more abortions". Or "Punishing hiring managers for hiring white-men creates a market force that results in less white-men being hired".

[ - ] knightwarrior41 0 points 1.5 yearsNov 22, 2022 10:54:24 ago (+0/-0)

I use the term "market force" for many things that don't have to do with money. For example, "Removal of a strong man from a family removes the market force deterring his daughter from defiling herself".

that's not economy that's morality though economic warfare can be waged by dividing the family by weaken the morals of society that's for another topic. market forces are purely economic words.

it doesnt have to do with anything in how a father behaves with his family or if his daughter becomes a whore.

https://marketbusinessnews.com/financial-glossary/market-forces/

supply and demand it was the economists means as market forces

[ - ] GoldenAgeWhen 1 point 1.5 yearsNov 22, 2022 12:50:13 ago (+1/-0)

"economy", "money", etc. are just ways of talking about value. Value could also be expressed in other, less jewy ways. A virtuous girl, for example, has more value to herself, her family, and her community, than a whore with fatherless kids. A father's threat to decrease her "worth" by kicking her out of the family, shaming her, whatever, is also dealing with "value" and is exerting a force on her that is dictating "prices".

Anyway, do you have a better phrase to use for such a situation? In some cultures it is actually money that is being dealt with in this scenario as well.

[ - ] zr855 1 point 1.5 yearsNov 22, 2022 11:02:14 ago (+1/-0)

The dollar is literally created by kikes. It was a kike that collapsed FTX (BANK MAN Fried) and his kike buddy Gary Gensler. They are just trying to point to a collapse they created and basically say, "see bitcoin sucks". Now why would they do that? They do that because they CREATE dollars in their banks. The government doesn't create dollars, kike banks do. As long as we use kike dollars, we'll fucking lose. That's the bottom line.

Don't invest in cryptocurrency. USE it! Transact with it. This type of thing doesn't affect you then AND you get closer to being able to get off kiked us dollars.

Most don't even know only us jew banks create dollars. They think printed bills are something more than digital representations created by the govt. and paid for with digital dollars by the central bank.

Don't ever cheer for bitcoin's demise because you're literally working against the interest of whites. All bitcoin is is a spreadsheet we all share so we know no kikes are creating money at will for themselves.

[ - ] Sector7 0 points 1.5 yearsNov 22, 2022 14:29:25 ago (+0/-0)

https://customerservice.costco.com/app/answers/detail/a_id/719/~/what-payment-methods-are-accepted-at-costco%3F

Does Amazon Accept Bitcoin? Amazon doesn't directly accept Bitcoin or any other cryptocurrency. The best way to spend crypto on Amazon is via the BitPay Card or to buy Amazon gift cards with crypto.

Local stores I use don't accept crypto currencies either. What would you even do with it? I'd rather have a physical thing that's useless, so I can at least see or display it.

$16,155.

Oof. Those $60K bitcoins are looking a little pricey. IMO, cryptos are a problem looking for an even bigger problem to hide behind.

*not an endorsement of the fed, and same for "frying pan to fire" solutions.

[ - ] zr855 0 points 1.5 yearsNov 22, 2022 17:15:54 ago (+0/-0)

You're literally just parroting central kike bank talking points. Where was the excitement when it reached all time highs? You won't do that but you'll say 16K...oof! Come on. You know good and damn well you're just cheering for the kikes.

The price doesn't matter if you simply use it. If Amazon is your metric, you'll be waiting a long time. I've paid vendors, laborers and gotten all types of things I need off craigslist,etc. with bitcoin.

You just love kike money and want whites to die. Just admit it. I mean you're in good company with all the other kikes.

The world has never seen decentralized currencies until 2009. It's not something that is going to magically spread instantly and this is the typical pattern of bitcoin. Every single hype pattern it grows in usage and value and then crashes--especially when the kikes trot out Warren Buffet and Charlie Munger and then purposefully build some kind of bullshit exchange (Sam BANKMAN Fried) just to force it to crash and then use their media to demonize decentralized money that was traded there.

One thing's for sure, if YOU are not getting paid by kikes, YOU SHOULD BE!

[ - ] zr855 0 points 1.5 yearsNov 22, 2022 17:18:47 ago (+0/-0)

You are the reason this video was created. https://www.youtube.com/watch?v=XbZ8zDpX2Mg

You'll be saying that same thing in 10 years when bitcoin is sitting at half a million. Oh... it crashed from 1.75 million.

[ - ] Sector7 0 points 1.5 yearsNov 22, 2022 17:47:26 ago (+0/-0)*

What I'll say then is that something with that degree of fluctuation is only useful for gambling. You do accept that people who purchased a bitcoin for $60,000 have seen the value drop by around $44,000, right?

If past performance contradicts the truism and 'does' turn out to predict future performance, the next bubble should be in the $150K range and they recoup, but that's a gamble. If they need that money now, they take a major haircut. The fact is, bitcoin is less reliable than, yes, "kike money".

The price doesn't matter if you simply use it.

As I just pointed out, I don't know of a single place where I usually obtain goods and services that accepts crypto currencies. Maybe the place where I order tea sometimes, or some other random place.

I think your obsession with nu-money is warping your perspectives a bit.

One thing's for sure, if YOU are not getting paid by kikes, YOU SHOULD BE!

In fact, I am so old that I AM getting paid by the kikes!

.

*after $1100, it crashed to $152, not $239. I've watched it since $32.

[ - ] zr855 0 points 1.5 yearsNov 22, 2022 23:59:51 ago (+0/-0)*

You do accept that people who purchased a bitcoin for $60,000 have seen the value drop by around $44,000, right?

ABSOLUTELY NOT! That depends on whether you're investing or just using it. I've mostly been using it and I have seen zero value lost. Also, hopefully you understand you don't have to purchase a whole bitcoin. You just use lightning network and sats. You can use sub penny amounts of value. One other thing, you've lost nothing if you don't sell and commit to a loss. I have been "under water" with bitcoin in the past and every time, it fixes that.

Your argument is the same for any stock, bond or anything. In the US, we've enjoyed relative stability but other countries have had their currencies drop to absolute worthless amounts. Bitcoin's volatility is nothing for them. Also, what about the people that bought at 1000, 2000, 3000, 4000. You conveniently leave them out of your arguments as your points don't stand. How about the people that bought Tesla after the last stock split at 250 dollars? They are sitting on a nice fat loss and the kikes are HEAVILY working against that stock. What you're doing here is intellectually dishonest.

but that's a gamble. If they need that money now, they take a major haircut. The fact is, bitcoin is less reliable than, yes, "kike money".

It's as much of a gamble as any stock. Also, if they simply use it for commerce, it doesn't affect them. Strike lets you natively do that now. You never even know you're using bitcoin BUT more and more people do start to use it and it increases the likelihood of native acceptance in the future. Also, bitcoin is far, far, far, far more reliable than kike money. The network has an uptime of 99.999 percent. Kike dollars can literally be stolen right from your account if you say the wrong thing AND they ALWAYS go down in value. Here, go play with this: usinflationcalculator.com

I don't know of a single place where I usually obtain goods and services that accepts crypto currencies.
Well yeah, you're not trying. You're not going out of your way. You WANT the kikes to win. That's not an argument. Hell you can find vendors that ONLY use crypto. If I give you a list of those and you ONLY go to them you could then say, all the places I go to only use crypto. See how absurd that argument is?

I think your obsession with nu-money is warping your perspectives a bit.

It has nothing to do with "nu-money". We're in a fight for survival and you're either going to be on the non-kiked side or the kike side. If you choose the kike side and you're white, you're just rolling over. Might as well go marry a nigger and cuck yourself with a bunch of niglets. It's probably worse doing what you're doing. You're actively trying to get people to use their money.

In fact, I am so old that I AM getting paid by the kikes!

AND YOU'RE LOVING IT!! How many nigger children do you have? How's your nigger wife?

*after $1100, it crashed to $152, not $239. I've watched it since $32.

...and just think after each crash your dumb ass sat around pointing at it and saying how terrible it was. You might want to think hard and long about that position...hell as an investor even. At some point, something should click in your head. If it doesn't, hell I don't know what to tell you.

Bitcoin is NOT going away. In fact, you might want to settle down and get used to it. What will likely happen after all the kikes shitmouth it on tv for a while is they will silently buy, buy and buy. Then they'll release FedCoin and claim it is backed by bitcoin. They can't simply release FedCoin and tell everyone decentralized currencies have no place. The funny thing is your ass will sign right up for FedCoin. Hey, remember all the usual places you go to will be accepting it. Lol.

[ - ] Sector7 0 points 1.5 yearsNov 23, 2022 10:59:37 ago (+0/-0)

We're in a fight for survival and you're either going to be on the non-kiked side or the kike side. ... It's as much of a gamble as any stock.

Wait, you think bitcoin is non-kiked? And you compare it to gambling with stocks? Gamblers would have no place in my better world, and neither would the devices they use for gambling.

...and just think after each crash your dumb ass sat around pointing at it and saying how terrible it was. You might want to think hard and long about that position...hell as an investor even. At some point, something should click in your head. If it doesn't, hell I don't know what to tell you.

I don't remember pointing or vocalizing, but yes, I did note how terrible the machinations of kikes are. It seems that they have you enthralled by the idea of 'making money'. [gif of old jew showing young jew how to rub thumb and index finger together]

[ - ] zr855 0 points 1.5 yearsNov 23, 2022 15:51:09 ago (+0/-0)

All bitcoin is is a spreadsheet we all share so we know kikes aren't creating it out of thin air and funding blm. I'm beginning to think the real problem is you just don't get what bitcoin really is.

Watch this visualization and quit yer bitchin'.

https://www.reddit.com/r/Bitcoin/comments/yn6mbj/slowed_down_37_second_visualization_of_a_bitcoin/

[ - ] zr855 0 points 1.5 yearsNov 23, 2022 00:16:23 ago (+0/-0)

This happens ALL THE TIME to people by the way.
https://twitter.com/i/status/1594952298379231233

[ - ] Sector7 0 points 1.5 yearsNov 23, 2022 11:03:35 ago (+0/-0)

WTF is an african doing in the US. Things need to change in some pretty major ways.

[ - ] Sector7 1 point 1.5 yearsNov 22, 2022 10:42:18 ago (+2/-1)

"it's entertaining seeing a few powerful people trying to overpower nature."

They've overpowered the nature of most western people, aside from the Amish and other 'marginalized groups'. Look at the fantastic (unreal) lives people are living and tell me their nature hasn't been overpowered.

[ - ] domains 1 point 1.5 yearsNov 22, 2022 08:54:03 ago (+2/-1)

Buy the dip

[ - ] Sector7 0 points 1.5 yearsNov 22, 2022 10:27:36 ago (+0/-0)

https://traderjoesrants.com/2021/05/05/tjs-tzatziki-sauce/

This one in particular. (or make it at home)

[ - ] Master_Foo 0 points 1.5 yearsNov 22, 2022 14:59:10 ago (+0/-0)

it strengthens the dollar
LOL

[ - ] MaryXmas 0 points 1.5 yearsNov 22, 2022 13:05:02 ago (+0/-0)

You don't understand Austrian economics. If you did, you wouldn't have made this post. I personally am speculating in beads, shells and small trinkets.

[ - ] usedoilanalysis [op] 0 points 1.5 yearsNov 22, 2022 14:05:07 ago (+0/-0)

I don't care about Austrian economics. There's a difference.

[ - ] MaryXmas 0 points 1.5 yearsNov 22, 2022 14:30:46 ago (+0/-0)

You don't get it.

[ - ] usedoilanalysis [op] 0 points 1.5 yearsNov 22, 2022 15:57:00 ago (+0/-0)

If you say so.