SELL! SELL! Sell your dollars.. (it's afraid)
(media.greatawakening.win)
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Laughs in silver and lead
condescendedly laughs in copper
cries into his pocket lint
Those kind (((bankers))) constantly looking out for what’s best for the common man and providing such wonderful unbiased advice to us peasants
You get it.
Truly
The only thing missing is the offer of an easy to qualify for & super duper low & adjustable rate long term loan.
My problem with crypto, is that it can easily be manipulated by using stable coins like tether.
The central banks can easily print some billion dollars and buy stable coins, trade them for ETH/BTC and crash the crypto market.
They’re doing the same with the silver and gold market, buy using futures to manipulate the physical market. But if the banks crash the silver down to $15 again, I still have thousands of ounces of physical metal that’s still worth something in a crisis.
Crypto has no real value beside some 0s and 1s in a computer.
GME and AMC as hedge. The rest in silver, lead, and brass.
Those zeros and ones in cyberland are what keeps me scared off crypto. I prefer to hold stacks in my hands.
Small hedges turn to large sums that can be used in more tangible ways. 75c a day or something. Too risky not to hold.
Not real up on tech so I don't understand crypto but hate the fed went w gold silver and s little amc gme as a lark
If the central banks did what you fear, wouldn't the price go up, not down?
Up first, because higher demand.
Then the CB would own, let’s say 10000 BTC, which they bought at the nice price of x million worthless dollars they just created out of thin air.
They then dump the 10000BTC (maybe even for a profit), and crash the price. Buy even more Tether for worthless newly created USD, rinse and repeat.
They don’t care if they lose money doing it, they just want people to see crypto as a dangerous volatile investment object (like gold/silver) to keep them away from using it as a safety net.
People saying you can’t manipulate crypto are either liars is very naive.
If you control the (digital) money press, you control the world, even cryptocurrencies.
The next thing they will do is to create crypto futures, or another type of “paper crypto”, so they can manipulate that system more easily as well.
This doesn't seem like a credible threat to bitcoin. People who are in the market already know it is volatile. A few roller coaster rides won't change anything. The only thing the central bank can do is try to outcompete bitcoin... and printing trillions of funny money just helps bitcoin.
It’s not to scare the couple of million people already into crypto’s, it’s to scare away the normies and prevent it from going mainstream.
Cryptos are a real threat to the Central Banks, and they will do any thing necessary to keep it off the mainstream.
True, but isn't it slightly better than holding USD because we can ride their artificial pump, take profit, and then invest the gains in something physical: real estate, precious metals, etc. as a hedge against the inevitable inflation?
That bitch dips to 30 again... Buying. Again.
Once upon a time, people finally recognized the con job that is the Federal Reserve system.
How is a bitcoin better than a reserve dollar?
Which electronic currency is backed by China? Bill Gates backs another one...Its another con. Little-uns are gonna get skinned.
Bitcoin is better than a reserve dollar because the total supply and issuance cannot debased or changed. Too much focus is given to the dollar value of btc, especially in short time frames, IMO. The sooner people start to price things in satoshis (fractions of a bitcoin) instead of rapidly devaluing fiat currencies, the better. And because the government cant create more or censor payments, this takes away much of their power over anyone that stores their wealth in btc.
And frankly I agree, the other "cryptos" especially ones backed by Gates or China are scams.
Monero > Bitcoin
Privacy will be the key to winning the crypto war. Even if you own your private keys, with BTC your transactions can still be publicly tracked and tied to your identity if it ever touched a wallet address with KYC attached.
Imagine that anyone you've ever transacted with can look up your wallet and see every transaction you've ever done. No private business would want to get involved in that. That's why people really REALLY need to learn about privacy coins.
they will buy the dip though.
I haven't trusted BTC since Mt Gox.
Well I'm not too knowledgeable about BTC, but wasn't MtGOX a lesson to everyone to be careful and keep your own private keys offline instead of trusting the exchange to keep them secure?
Yes. "Not your keys, not your coins."
Thank goodness we have those guys to look out for us peasants.
Translation: Bitcoin is going to hit $1,000,000 per token by the end of the decade, and we don't want you buying it and achieving financial freedom.
Im sure it’s just pure coincidence that the Fed and rich elite just so happen to be selling their stocks like hot cakes the same exact week Bitcoin plummets. It’s probably just pure luck they can now put all their riches in Bitcoin for cheaper.
I am actually betting that BTC does collapse. No hear me out. Hedgefunds and banks own a huge stake over the last 10 years and when a market correction happens, assets become liquidated. First things first will be stocks and BTC holdings. They will be selling so much so fast the price will fucking plummet down to 5k or less. Not saying there isn't a future in BTC but the correction that will happen will greatly effect it.
I mean, I agree. Sell your BTC and put it in ETH and GME. Of course, I am an idiot.
I am in GME and silver. I ultimately think we’ll have a precious metals backed currency.
Dave thinks we’ll have a decentralized system but I think people will want a centralized currency. Trying to transact with gold, silver and bitcoin is a pain in the ass.
Haven't you tried any of the widely available lightning wallets yet? Makes it all very fast and very simple. Transacting with bitcoin is easier than jumping through the hoops necessary to set up a bank account or credit card at this point.
🤔 This is one area the central bankers have it correct imo. The FBI has cracked Bitcoin in three cases I know of. They used the Blockchain as evidence to support collusion between criminals and successfully busted them..
They didn't "crack" Bitcoin. They went after the exchanges.
Dude, don’t try to explain this to them. Lots of “expert opinions” here by “experts” who don’t know shit about btc or crypto. Anytime someone says btc is the same as fiat and federal reserve currency, you know they don’t understand shit about any of this. But that doesn’t stop them from offering their “expert opinions”. Save your breath.
was false flag? why go through the trouble and then park it on an exchange? lame.
unrelated to this particular event, my theory is blockchain was developed by DARPA and released into the wild. it's the eventual perfect LifeLog complement. did the winklevoss' really stumble upon billion dollar idea after billion dollar idea or could it be possible they were asked to step back from FB with the promise they'll get the next one similar to "it's her turn".
Who polices whether more bitcoin is created/distributed or how much total bitcoin is held in reserve? A benevolent Star Chamber? How is it different from a cabal of individual bankers creating worthless notes via journal entries?
Creation and distribution are different, but I don't see the superiority....Maybe its easier to conceal your own stash/better privacy? So the current rotten system could be improved a bit...but could also enable more of OTHER systemic problems like corruption, money laundering, trafficking.... Right?
People that don't agree with you aren't automatically less knowledgeable than you about crypto currencies. There are weaknesses that aren't apparent to any people who aren't knowledgeable about crypto...and the "pro" side isn't giving them THAT info either. Too many (meaning: ALL) of the crypto advocates are invested in it. That's a problem and a reason to be very wary of their claims.
Save the "we smart and beautiful; they ugly and stupid" for the schoolyard.
it's a verifiable open source program. can only be altered by majority vote or >50% attack by miners. china currently hosts >50% of mining, but bitcoiners will swear the CCP can't force a >50% attack. they also don't question how the miners can access cheap electricity without CCP approval. btw, i hold, but not a hodler or a maxi.
To my knowledge all the miners left China since the CCP banned mining only a month or so ago. So yes, China cannot force a >50% attack. Btc is still going strong as we can all see for ourselves.
the headlines were that china will be cracking down and the miners were starting to look for places to move to. but as of today, most of the chinese miners are still in China and the CCP hasn't cracked down on anyone. i guess that could eventually happen at some point, but so far, it's just headlines. same as 2018.
https://chainbulletin.com/bitcoin-mining-map/
edit: just to be clear, i don't even think the CCP, even with >50%, is the biggest threat to BTC. probably unbacked stablecoins a bigger threat. nothing that can make you rich is riskless.
I can’t disagree with that. I backed stable coins are the wolf in sheep clothing that pose as “cryptocurrency”, however are anything but.
Definitely agree with that point you make. Stable coins posing as crypto are bad for this segment.
Can be controlled with astroturfing, then? Thanks for that, I didn't know it was that bad.
Appreciate the disclosure as well. A trading position, then? Nothing wrong with a little capitalism.
Pretty smart. Very smart in fact. thanks for sharing.
Your very first sentence demonstrates your lack of understanding of this protocol. So further responses are unnecessary until you take the time to educate yourself on this subject. It is not my job to educate or convince you, but I point out your ignorance out of free will. So this will be the last response from me. Now kindly go educate yourself, or go fuck yourself. The choice is yours.
Factless, bald assertions of superiority with no attempt to demonstrate any command of the subject? Common troll.
You are one needy little shit, aren't you?
Ooh! That cut deep bro 😆