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19
What happened on July 20th(or close to) to cause crypto to stop falling, and start climbing?
posted 4 years ago by HopefulSkeptic 4 years ago by HopefulSkeptic +19 / -0

As the title states

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▲ 5 ▼
– BeerMan 5 points 4 years ago +5 / -0

This is what happened

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▲ 1 ▼
– HopefulSkeptic [S] 1 point 4 years ago +1 / -0

i figured the regulation in the "infrastructure bill" would keep people from wanting to get into crypto.

dont people know to buy precious metals, not crypto

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▲ 2 ▼
– BeerMan 2 points 4 years ago +2 / -0

I'm pretty sure the precious metal prices are also manipulated. How much gold is actually stored at the Fed? No one knows, but everyone assumes there's a lot.

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▲ 1 ▼
– Torrvarpen 1 point 4 years ago +1 / -0

When the government announces more tyranny, last thing people want to hold is government fiat currency. It does affect crypto and precious metals prices in a positive direction.

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▲ 4 ▼
– catsfive 4 points 4 years ago +4 / -0

ETH new features went live off testnets 1 & w.

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▲ 2 ▼
– Kekshot 2 points 4 years ago +2 / -0

The Fed report showing that half of all money in circulation got printed in 2020, so everyone started jumping ship. The dollar is basically Monopoly money right now, and the banks and funds are cooking the books and lying like crazy to try and stave off a crash. I don't know much about crypto, but any hard non perishable assets like land and a house in the woods in a deep conservative area seem quite tempting rn

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▲ 1 ▼
– Deplorable5 1 point 4 years ago +1 / -0

That property isn’t so off the grid if you have a loan. You must have a convoluted buyer or trust to keep it off grid and then pay cash.

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▲ 1 ▼
– Deplorable5 1 point 4 years ago +1 / -0

How much gold is stored in the Fed is I bet zero. The runners of the Fed have probably already run off with the gold. That isn’t counting the gold which Trump supposedly confiscated from the Vatican, and stored somewhere other than the Federal Reserve.

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▲ 1 ▼
– OtherwiseSafe 1 point 4 years ago +1 / -0

Now is a spectacular time to get a loan and buy that off-the-grid property you've had your eye on since 9/11

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▲ 3 ▼
– deleted 3 points 4 years ago +3 / -0
▲ 1 ▼
– Torrvarpen 1 point 4 years ago +1 / -0

It's the platform, great reset money (also known as carbon credit) will run on. In a world where they already control banks the last thing they want is for people to have access to crypto with all of it's privacy features, censorship resistance and more to stay ungovernable. If they manipulate the prices however (cost them a lot to do) they'll shake out some weak hands who choose slavery over freedom.

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▲ 3 ▼
– deleted 3 points 4 years ago +3 / -0
▲ 1 ▼
– Torrvarpen 1 point 4 years ago +1 / -0

That's what paper gold and paper silver are for. Crypto is easier to store physically and digitally which means that nobody would be dumb enough to buy paper crypto.

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