Bitcoin just hit 63,800. In all the years I've been looking at this we've never had this much of a price peak before the having event. Which is not until the end of april. I can only imagine that it's all the pressure that the hundreds of millions of dollars that the ETFs are suddenly putting into Bitcoin that is causing this extraordinary movement
What financially illiterate people fail to understand is that the creation if these etfs is not a good thing. They're getting excited because bitcoin is going up but guess what? Now it drops ten percent in a day like it did yesterday. Wait until there is a liquidity event and you have the huge volumes of etfs dumping all at once.
Newsflash crypto morons. "Stores of value" don't drop ten percent in one day. Crypto is not a store of value, it's a speculative risk based asset and its largely correlated with the nasdaq. The literal opposite of a "store of value".
You were saying this retardation when it was less than 10k here. Jew dollars are PROVABLY the eshekels.
Anyone listening to you will stay poor and enslaved by jews.
The clear choice is between hard currencies like bitcoin with capped supplies that are decentralized and TRUE digital eshekels called the US dollar that are quite literally centralized by jews, created by them that force dei and diversity requirements just to get loans for digital dollars that they literally just wish into existence and then CHARGE YOU interest.
Only retards upvote your non-sense. So far looks like 5 retards here.
This is because I don't play their retarded games.
I probably own more crypto than you do, the difference being I know it's a scam. I'm not going to be left holding the bag, but you "true believer" morons most certainly will.
To account for inflation, those who last bought in at the peak (most people) now need to sell at North of $80k to break even.
If you know how to trade, and are comfortable losing the money, then by all means play around, and maybe win. But it's gambling, not investing.
btc is not a currency, it's a prototype for the fed's cbdc. When they release their cbdc, they will outlaw btc, and that will be that.
Nobody will give half a fuck about the "market cap" of the entirety of crypto being wiped out overnight.
There is no bag to hold. There are only ups and downs with market movements of a new currency and asset class.
The goal is to determine VALUE and where it shifts.
99% of crypto is useless. That 1% is not.
Bitcoin is in no way a template for cbdcs. They will have to hold it to give them legitimacy. It's likely they already have cbdcs by the way they just aren't calling them that. That's usdc and tether.
[ + ] BushChuck
[ - ] BushChuck 5 points 2 monthsFeb 28, 2024 12:22:09 ago (+6/-1)
[ + ] Redwolf1488
[ - ] Redwolf1488 1 point 2 monthsFeb 28, 2024 23:43:11 ago (+1/-0)
Newsflash crypto morons. "Stores of value" don't drop ten percent in one day. Crypto is not a store of value, it's a speculative risk based asset and its largely correlated with the nasdaq. The literal opposite of a "store of value".
[ + ] HowDoYouDoFellowNiggers
[ - ] HowDoYouDoFellowNiggers -1 points 2 monthsFeb 29, 2024 11:56:51 ago (+0/-1)
[ + ] rzr97
[ - ] rzr97 -2 points 2 monthsFeb 28, 2024 15:55:31 ago (+1/-3)*
Anyone listening to you will stay poor and enslaved by jews.
The clear choice is between hard currencies like bitcoin with capped supplies that are decentralized and TRUE digital eshekels called the US dollar that are quite literally centralized by jews, created by them that force dei and diversity requirements just to get loans for digital dollars that they literally just wish into existence and then CHARGE YOU interest.
Only retards upvote your non-sense. So far looks like 5 retards here.
[ + ] Redwolf1488
[ - ] Redwolf1488 1 point 2 monthsFeb 28, 2024 23:43:56 ago (+1/-0)
[ + ] HowDoYouDoFellowNiggers
[ - ] HowDoYouDoFellowNiggers 0 points 2 monthsFeb 29, 2024 11:54:10 ago (+0/-0)
[ + ] rzr97
[ - ] rzr97 -1 points 2 monthsFeb 29, 2024 06:52:21 ago (+0/-1)
[ + ] BushChuck
[ - ] BushChuck -2 points 2 monthsFeb 28, 2024 16:08:01 ago (+0/-2)
This is because I don't play their retarded games.
I probably own more crypto than you do, the difference being I know it's a scam. I'm not going to be left holding the bag, but you "true believer" morons most certainly will.
To account for inflation, those who last bought in at the peak (most people) now need to sell at North of $80k to break even.
If you know how to trade, and are comfortable losing the money, then by all means play around, and maybe win. But it's gambling, not investing.
btc is not a currency, it's a prototype for the fed's cbdc. When they release their cbdc, they will outlaw btc, and that will be that.
Nobody will give half a fuck about the "market cap" of the entirety of crypto being wiped out overnight.
[ + ] rzr97
[ - ] rzr97 -1 points 2 monthsFeb 29, 2024 06:55:07 ago (+0/-1)*
The goal is to determine VALUE and where it shifts.
99% of crypto is useless. That 1% is not.
Bitcoin is in no way a template for cbdcs. They will have to hold it to give them legitimacy. It's likely they already have cbdcs by the way they just aren't calling them that. That's usdc and tether.
[ + ] BushChuck
[ - ] BushChuck 0 points 2 monthsFeb 29, 2024 10:26:42 ago (+0/-0)
[ + ] DukeofRaul
[ - ] DukeofRaul 4 points 2 monthsFeb 28, 2024 12:24:04 ago (+5/-1)
[ + ] FacelessOne
[ - ] FacelessOne 3 points 2 monthsFeb 28, 2024 12:56:56 ago (+3/-0)
[ + ] Nosferatjew
[ - ] Nosferatjew 2 points 2 monthsFeb 28, 2024 15:18:20 ago (+2/-0)
[ + ] GoyimNose_1948
[ - ] GoyimNose_1948 0 points 2 monthsFeb 28, 2024 20:01:06 ago (+0/-0)
[ + ] DukeofRaul
[ - ] DukeofRaul 0 points 2 monthsFeb 28, 2024 20:49:09 ago (+0/-0)
[ + ] GoyimNose_1948
[ - ] GoyimNose_1948 1 point 2 monthsMar 2, 2024 21:42:01 ago (+1/-0)
[ + ] DukeofRaul
[ - ] DukeofRaul 0 points 1 monthMar 10, 2024 05:28:20 ago (+0/-0)
[ + ] MasterSuppressionTechnique
[ - ] MasterSuppressionTechnique 2 points 2 monthsFeb 28, 2024 15:08:18 ago (+2/-0)
Even if the other half sits forever, I'm good to go. New kind of retirement for me.
[ + ] TomMacdonald
[ - ] TomMacdonald 2 points 2 monthsFeb 28, 2024 14:37:32 ago (+2/-0)
[ + ] Sector2
[ - ] Sector2 0 points 2 monthsFeb 28, 2024 20:25:06 ago (+0/-0)
[ + ] HowDoYouDoFellowNiggers
[ - ] HowDoYouDoFellowNiggers -1 points 2 monthsFeb 29, 2024 11:59:47 ago (+0/-1)
Same as the "haha shitcoiners!!! That fucking SHITcoun is worthless sniff sniffle \
While they dry their tears because they wish like hell they had a ton of shitcoin for themselves
[ + ] Belfuro
[ - ] Belfuro 1 point 2 monthsFeb 28, 2024 16:26:38 ago (+1/-0)
Whales dumping stocks.
US money supply spent a year contracting now expanding again.
All these trillions have to go somewhere....
[ + ] o0shad0o
[ - ] o0shad0o 1 point 2 monthsFeb 28, 2024 16:21:28 ago (+1/-0)
[ + ] Redwolf1488
[ - ] Redwolf1488 1 point 2 monthsFeb 28, 2024 23:46:02 ago (+1/-0)
[ + ] o0shad0o
[ - ] o0shad0o 0 points 2 monthsFeb 29, 2024 06:19:50 ago (+0/-0)
[ + ] BushChuck
[ - ] BushChuck 0 points 2 monthsFeb 28, 2024 16:32:38 ago (+0/-0)
[ + ] Redwolf1488
[ - ] Redwolf1488 1 point 2 monthsFeb 28, 2024 23:46:29 ago (+1/-0)
[ + ] BushChuck
[ - ] BushChuck 0 points 2 monthsFeb 29, 2024 10:32:33 ago (+0/-0)
[ + ] HowDoYouDoFellowNiggers
[ - ] HowDoYouDoFellowNiggers 0 points 2 monthsFeb 29, 2024 12:48:59 ago (+0/-0)
I also lost track of why silver was supposed to go up. Refresh my memory
[ + ] BushChuck
[ - ] BushChuck 0 points 2 monthsFeb 29, 2024 13:00:31 ago (+0/-0)
An oz of gold bought a; reliable firearm, a fine suit of clothes, or about a month's living expenses in 1800.
It buys the exact same thing today.
Gold is a store of value that has lasted the entirety of human history.
So when you say "go up", you are speaking in terms of today's highly manipulated fiat currency, with central bankers controlling "money".
Precious metals are a store of value, and aside from land you have the weapons to defend, the single best investment over the last hundred years.
[ + ] HowDoYouDoFellowNiggers
[ - ] HowDoYouDoFellowNiggers 0 points 2 monthsMar 1, 2024 23:21:37 ago (+0/-0)
Yes, people are fooled by the fiat, and if I get more fiat for my gold, then I can trick other people into giving me their stuff.
So again: Is gold ever going to go up though?
[ + ] BushChuck
[ - ] BushChuck 0 points 2 monthsMar 2, 2024 10:27:17 ago (+0/-0)
During the worst of the Weimar, you could buy a stately manor for two oz's of gold.
The wealthy are buying gold, right now, not muh crypto.
[ + ] HowDoYouDoFellowNiggers
[ - ] HowDoYouDoFellowNiggers 0 points 2 monthsMar 2, 2024 13:50:09 ago (+0/-0)
i'm done here. you just parked your thoughts in some unknown place that i don't even know how to coach you back to reality.
you must have gotten some indoctrination from some youtube video or something
[ + ] BushChuck
[ - ] BushChuck 0 points 2 monthsMar 2, 2024 14:02:57 ago (+0/-0)
[ + ] HowDoYouDoFellowNiggers
[ - ] HowDoYouDoFellowNiggers 0 points 2 monthsFeb 29, 2024 11:34:02 ago (+0/-0)
[ + ] Spaceman84
[ - ] Spaceman84 -1 points 2 monthsFeb 28, 2024 14:43:19 ago (+0/-1)