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posted ago by jhartz39 ago by jhartz39 +60 / -0

Looking at the grand scheme of things:

If Trump is starting a new precious metal backed currency, I think he would not want a competing alternative currency. We are giving the American people a new start and the thought of a competing currency would be counterproductive. Also, a new currency that is tied to the price of precious metals makes cryptos redundant if not obsolete.

The inflationary process from fiat money printing is no longer a threat. The new currency solves that problem that crypto was trying to evade.

I hear the tax code will be revamped; federal income taxes eliminated; all revenues will be gathered from a sales tax. A crypto currency would also be counterproductive to the new tax system Trump has in mind. I myself have never purchased anything using crypto: I don't know if a tax is included with crypto purchases: I know much of the internet-based purchases were tax free for many years. If people are using crypto to make purchases and a sales tax is not being incorporated, this would eat into tax revenues, the government would probably frown on this.

People go on and on about the inherent protections that the blockchain system provides however, the powers that be can tank shit in a moment's notice. Pulling out profits and running away before anyone knew what happened. If you don't see it as a ponzi scheme, you are not looking close enough. If all the big investors collude against you behind closed doors, the little man gets caught holding a empty bag. The big investors might go to jail but I doubt you would get your money back.

Here are the graphs for 2 of the big cryptos: its not looking good and it might be a good time to get out and leave the big investors holding a empty bag. I think if you try to stay in and recoup losses, its just going to get uglier for you.

https://coinmarketcap.com/currencies/ethereum/

https://www.bitcoinprice.com/

I see the downturn in the markets as just a correction. They were artificially inflated with all the stimulus spending. The lost stock value won't be felt so hard when the new currency gets up and running. The inflation will be brought under control, prices for everything will fall to unseen lows because the value of our new currency will be sound. That means your remaining wealth in your retirement accounts will go much further thus negating the loss you are currently taking. Remember the prices of the 1960's? I think that is where we are going. When a dollar was worth a dollar.

Obviously there are still many unknowns but the new monetary system I described above has been floating around for a few years. I think its coming to fruition. Dave from X22 see the Federal Reserve going away and taking their debt with them. We will trade our fiat dollars in at a specific exchange rate, get new Trump bucks and the Fed can take all their fiat dollars and GTFO. We will be free of their debt enslavement.

Stay safe my frens!!!

WWG1WGA!!!

Comments (39)
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anonleo1579 8 points ago +8 / -0

So Bitcoin is a pipedream meanwhile you believe we'll get Trump bucks? It certainly wasn't Q who talked about this new system so I think some people you listen to are pulling info out of thin air.

Bitcoin was one of the first serious attempts to be free of debt enslavement, to have a decentralized transparent system and you've continuously shat on it together with a few other people here.

Who's side are you really on?

How incredibly horrible that a bunch of anons and normies became self reliant, independent, free of debt. What a horrible scam.

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kkthxk 2 points ago +2 / -0

bitcoin was likely created by the cabal to begin one world digital currency. If true, its fundamental value is 0.

If you can't consider the possibility of that being true, you may have been emotionally invested in something.

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EuropeNeedsFixing 1 point ago +1 / -0

Unlikely, they want a digital currency they can create at whim by pressing a button. They can't do that with Bitcoin.

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anonleo1579 1 point ago +1 / -0

Why was it likely created by the cabal? Who told you that?

No outside comms, and yet ...

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Heracles -2 points ago +1 / -3

You sound like a fed.

Who's fucking side are you on coward?

Is your family safe? Do you actually think you can protect your children? You're weak and they don't respect you. You already lost them and you don't even know it.

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anonleo1579 6 points ago +6 / -0

I sound like a fed because I root for decentralization?

You got a few wires loose my friend.

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Heracles 1 point ago +1 / -0

Spoken like a true commie

If Trump is the maga king i guess that makes you the blm king

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anonleo1579 1 point ago +1 / -0

In a communistic country everything is centralized. I don't mind you are trying to troll me.

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Jamezelo 1 point ago +1 / -0

That link made me think of 🎶 99 Red Balloons 🎶 lol

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jhartz39 [S] -1 points ago +1 / -2

Lol, add mine to the list I guess!!

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OkieBowhunter 6 points ago +6 / -0

Crypto is going down because it's been pumped by Hedge Funds... They're liquidating those positions to cover their bad bets in the stonk market.

It's not the fault of crypto.

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zanonks 2 points ago +3 / -1

the stable coins are not stable. that's a problem with current crypto

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anonleo1579 1 point ago +1 / -0

Possibly entire countries too. They might have to cover debt.

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ConspiracyLinks 4 points ago +4 / -0

... so it's time to buy?

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anatidaephobia 3 points ago +3 / -0

Yep, buy the dip means that you buy when everyone else is fearful. Use common sense and follow the usual best practices of investment, i.e never invest more than you can afford to lose... and so on.

While there may be further decline in the short term, the long term profits is worth it. In a two year period we're looking at a bottom at around $20k for Bitcoin in the coming weeks, and a top of $2M in about two year. Current top is about just over $200k but it'll take some time before the next ATH most likely.

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theSnap -1 points ago +1 / -2

A top of 2M is a ludicrous proposition, even assuming nothing remarkable changes.

This is terrible advice.

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deleted 4 points ago +4 / -0
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lbrt 2 points ago +2 / -0

Nobody said, you couldn't make money with crypto. But you have to know, when to leave the party.

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kkthxk 1 point ago +1 / -0

and if it goes back down to 0, eventually, because it was created by the cabal?

The funny thing about the present and the past, is that they do not portend the future.

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JR04 3 points ago +3 / -0

The ignorance in this thread is unreal

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dumb_okie 2 points ago +2 / -0

Part of this is due to the rise in value of the Dollar as well.

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RadDog2020 2 points ago +2 / -0

I think so too, there is going to be a face-melting de-coupling of every instrument of value/Fed reserve dollar

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lbrt 2 points ago +2 / -0

If you want to make money with crypto, make your own crypto.

My best argument against crypto was, has been and is: the number of possible crypto currencies is infinite, it is like fiat money. Bitcoin even says this openly in its name: B it coin!

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PepeSee 1 point ago +2 / -1

It's insane how much energy it costs to make crypto work. It's like the idiot that hooked up a generator to his electric car wheels to make it "go forever"....

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anatidaephobia 3 points ago +3 / -0

You got this wrong. Crypto can first be divided into POS and POW.

POW -> Proof of Work means that a cpu/gpu intensive algorithm is used for mining. (More energy)

POS -> Proof of stake means that a memory intensive algorithm, and staking is used for mining. (Less energy)

All the work is done by nodes, nodes is just the wallet software which runs on client computers or other devices that most likely would have been turned on anyway, and this consumes very low amounts of energy.

Mining is the most energy intensive part of the network. It doesn't have to be, in fact one single computer using only a few watts of power could do all the mining, even if all humans on earth used Bitcoin. Problem is, how can you trust that one computer, or whoever controls that computer to not censor or redirect your transactions?

Simple answer, you can't. Then there's the mining reward, for each block, new Bitcoins is created according to a predictable scheme of inflation that's currently 2% per year, in two years it'll go down to 1% inflation per year. This means, for every hour as of now, $1M worth of Bitcoin is created, and shared among miners. If I where the only one mining using only one crappy desktop PC, wouldn't you be willing to setup your own crappy desktop PC for mining? Your reward would be half of the mining profit, that's $500 000 per hour currently.

See that's how it works, and how it scales. Greed, the ability to earn crypto by contributing to the security of the network. It doesn't scale linear like a bank, i.e if a bank has 1000 customers and one server, the bank needs to setup one more server of they get 1000 more customers. Crypto doesn't need that.

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Panzershrekt 2 points ago +2 / -0

How much energy does the world's infrastructure for traditional banking use? Every ATM, server farms, etc.

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TrogdorTheBurninat0r 1 point ago +1 / -0

XRP, XDC, XLM and probably Algo and Iota, are new financial system's chosen cryptos.

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RadDog2020 1 point ago +1 / -0

feathercoin is up 93%(edit: on the year), not financial advice but it's the better blockchain. Not saying that the T.A. is good and it's not going to zero I think the reason it's going up is mainly due to low speculative trading volume, people who mine it and hold it don't want to sell. Fundamentals are good.

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CheekyHawk 1 point ago +1 / -0

$DWAC deserves a few shares just in case of the obvious

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Jamezelo 1 point ago +1 / -0

I wouldn't sink everything I had (assuming I have anything lol) into bitcoin...but I wouldn't mind holding a small piece of it - just to see where it goes.

Same with stocks, I wouldn't mind dipping my toe in the water I just wouldn't dive in head first.

That said, what you speak about sounds nice but more of a dream than a plan in motion

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luthienli 1 point ago +1 / -0

citadel scandal..

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Enlightenment_Now 1 point ago +1 / -0

This makes sense.

That means that while some businesses will go under, not all will.

And with T's executive order, assets from the guilty will be seized. So Bill Gates of Hell won't be able to keep all the stuff he bought.

Nor will Blackrock and the rest.

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HighCountryAZ 0 points ago +5 / -5

We were warned a long time ago that bitcoin should be avoided. As you said. Bitcoin was the primary source of funding human trafficking. As such it is doomed.

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Panzershrekt 6 points ago +6 / -0

Criminals used cash too. Still do. Will you stop using cash now?

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anatidaephobia 3 points ago +3 / -0

🤡 Honk honk 🤡 anonymity, but only when it suits the agenda. That whole argumentation is just retarded. See if criminals use a certain type of currency for anonymity, that's actually a good proof of the currency's privacy features.

That said, the same people who are involved in human trafficking also owns the banks, they have zero reason to use cryptocurrency as they can safely launder their Bidet bucks at any bank.

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Iceman80 0 points ago +2 / -2

Bitcoin is like Facebook friends…everyone has hundreds until you only need ONE to help you move.

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HeyJesusBringMeABeer -2 points ago +3 / -5

It follows the economy, which is in the shitter right now. And it requires humanity to achieve a higher energy potential (towards a Type I Civ) because crypto is energy hungry and needs a grid to operate, but we are now in reverse heading towards a zero carbon green energy Civ where you can't own a lawnmower (some kind of false utopia probably). This green energy/climate change is the direct counter to crypto, they aim to control the outer resources crypto relies on (energy).

There are several controlled demolitions occurring, to return power to the previous order (central banking gravy train). Bitcoin disrupted them hard and caused bank runs with so many people keeping money in crypto instead of banks, as the banks reach insolvency the Fed has to print endless more money because of the ponzi loan scheme they're all doing, causing inflation and stagflation. But these are their powers, these are their tools, these damages are calculated and welcomed as part of their plan. They're willing to damage the world economy to shake down Bitcoin long enough to get their plan B working, Central Bank Digital Currency.

Crypto isn't dead, it'll survive this 9/11 event IMO and remain a competitor to CBDC. Right now is tough for the investors though, but crypto is "only" down to what it was a year or two ago.

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HeyJesusBringMeABeer 3 points ago +3 / -0

Hmmm judging by the downvotes some people did not like this 10,000 ft geopolitical finance view. You're welcome anyhow.

It helps to know some facts.

Trump & his wife promoted NFTs.

Some countries are using crypto as their actual currency.

The technology proved that it could handle finance (banking/transactions) on the trillion dollar scale for several years. It is a proven technology.

ISO20022 is still an international standard banks want to use including SWIFT. Federal Reserve says it will be adopted in 2023. Some cryptos are already compliant such as Ripple, Stellar, XDC, Algorand.

Web3 is still on the way, powered by blockchain.

We're in a hail mary phase. US Gov wants to "regulate" it. Central Banks want it dead. And there are still billions of dollars backing many crypto projects. Binance is pretty huge and they were in talks with Twitter recently.

I'm not saying to invest, I'm saying to keep your eye on the ball.