When did we start trusting the leader of Black Rock? Is it possible he's acting in his own best interests? I think there is no doubt. This leads me to believe Bitcoin is a massive pump and dump.
It would be in their own best interest if they are hedging with bitcoin to hide cash from whitehats, so when the crackdown finally happens they still have some operating funds.
Unless he was White Hat involved the entire time. Perhaps he was part of Devolution, and his role was to ensure a controlled demolition of certain markets and business?
Not rooting for the guy, don't like him. But if Trump starts to trust him then we'd know why.
Pretty shocking how many frens here don't have a clue about Bitcoin!! If they'd put a smidgen of time into studying it they'd see how freaking amazing it is. Just cause old Finkster is into it doesn't negate what Bitcoin represents to the common man
how is it amazing? when is the last time you've sent someone BTC? how did you like the fees and transaction time? Also the CCP has over 54% of the mining capacity so they can fork whenever they want or do other 51% attacks.
Been in crypto for years and sending it is kind of annoying, but withdrawing from an exchange and sending to others is bad when the exchange doesn't have liquidity and can't send the coins since they don't have them. Happed a lot in the last cycle.
I do have a lot of XLM, XRP, AMP, Floki and a few others, but BTC is obsolete.
BTC is, at this point, a store of value. A place to store your savings. If you want to use it like money just convert it to dollars. Give it time and the lightening network will be able to facilitate fast, free transactions. In the meantime treat it like gold. Buy it, hold it and watch it make you wealthy.
It's possible. But not probable. I would never put my faith in ANY exchange. Not your keys not your crypto. But I'm sure you already knew that Mr. research.
i like how they try to shill BTC with past performance... The entire world is betting on this, already 70%of the global stocks are now in the USA. People are selling their own stocks since their currencies are going down faster than the Dixy, so out stock market will get rugged as well. Brasil and China are trading in their own currency and not using USD, and now Rubio said 5 years sanctions won't work as nobody will use USD. So all that money will come back here, and crypto will be the fiat sponge so that the commodities won't get hyperinflated.
Phase 1. Stock pump, phase 2, crypto pump. Stage 3 - Market crash and money going to commodities like gold and silver.
With the world using 1.2bn oz of it a year and only 20bn in the ground with 5 in vaults, there is only 15 years of silver left, so of course they don't want people buying commodities...
If you buy bitcoin then ultimately that money is being used to buy US Treasuries, so you are financing the US debt. They love it if you buy bitcoin. Gold and silver? Not so much.
It’s close. Trump is returning to the gold standard. You can’t make America great again without sound money. They will have to revalue gold to back the new currency. 40% backing puts gold somewhere between $28k and $35k per ounce. So at least 10x in purchasing power. Silver moves with gold but also has to close the 90:1 ratio to gold, back to 15:1. So another 6x. So 60x in purchasing power is more than possible.
If this one time opportunity for a jump in the purchasing power that everyone has been waiting for exists, it’s pretty much now, or sometime soon when the financial contagion begins.
Bitcoin is a derivative of the dollar and denominated in dollars and will go to zero with the dollar. Its value will collapse back into gold which it derived its value from in the first place.
I was going to sell some at the coin shop today, and they were flooded with sellers. They were only going to give me $17 per face $1, when melt is more like $22. I bolted. I kinda feel stupid now. Should converted it to bitcoin years ago. Another missed opportunity.
Correct - you have to look at the sheer amount of credit that is out there to understand the value is incredibly undervalued. I wonder if it will be forever supressed because of how high the industrial use is. Silver is the only thing on Earth that is cheaper today then 1980 (although it was largely driven up by the Hunt Brothers cornering the market then - the Saylor of it's day).
There is no end to the amount of paper contracts that can be written and sold to drop the price of silver and they are having a hard time implementing basel iii reserve requirements. You can't paper over physical demand and this should have an end date as the price is too cheap for the exploration of it for something with such a high industrial use.
$700k is 7x from here which is an all time high, but from the cycle bottom its a 46x. Further, Bitcoin has operated on a 4 year cycle for the past 12 years continually increasing due to the halving and now with nation-states investing will go parabolic. Silver may do well, but it won't 60x. We don't know how much silver is undiscovered. We know EXACTLY how much Bitcoin there is and it will never change.
Ok... this just means that this clown is sitting on a ton of BTC and he WANTS it to hit $700k... there is legitimately no reason for institutions to be wasting their time or money on BTC. It's inefficient, slow AF, expensive and overpriced w/ a low supply.
Made in America Crypto is the way to go. Namely XRP. It's fast, has volume & speed, carries utility with it (it's actually* usable unlike BTC) and is already being factored into the financial ecosystem.
BTC is just holding value because no one wants to sell it and ETFs pumped it way up based on the low supply. That's it. It is no different than the NFT space. Pure supply/demand, no real utility at all.
Unlike oil, precious metals, commodities... crypto carries no physical value and people know this. Therefore, IMHO, I believe that the only crypto currencies in the playing field today that will soar - must be the ones that actually carry some kind of value and real-world application.
Even Solana barely checks the box. Making it easy to create shitcoins is not true utility... it's just creating smaller splinters of the idiocy behind BTC.
Full Disclosure: I flipped 50% of my BTC stack into XRP awhile back. I've been onboard with XRP since pre-litigation.
I've got 20x more WLF coins than XRP! So, there's that! Of course those treasonous schmucks are latching onto XRP... if it does* become the base layer for large/international financial transfers??? They'd be left in the dust looking like the fools they are.
I saw an interview with Fink and it seemed pretty apparent the "woke" initiative was orchestrated by him, but perhaps he was forced to do it to wake people up; who knows.
Well technically Bitcoin is fueled by Tether that is fuelled by the dollar but the results are the same. Bitcoin is pro dollar expansion - if Tether get's audited and there is trouble there, how will Bitcoin fair? It trades like a bubble who has studied these in the past like Assignats, Tulips, Seven Seas, etc... It can very well go to the moon and I'm not disputing that - only to be aware of the history of this type of fervor.
Guaranteed? Can you let us know the terms of this guarantee you’re offering? Or are you just throwing that term out there without offering any actual guarantee?
I have many high level programming friends.
They have been very pro-crypto until recently when new chip info was leaked.
Unless the blockchain tech is changed very quickly, it is done.
FYI I used to own/run a warehouse full of miners back when btc cost $300 a coin.
I was also one of the largest investors in Paycoin before Garza bailed.
There are only 21 million Bitcoins, but some have not been released into circulation yet. New ones are released into circulation as rewards for miners securing the network by using insane computers to solve complex math problems to confirm transactions on the network. When a miner completes a block of these transactions they are rewarded in Bitcoin.
The main reason is that after a certain number of blocks are completed the reward for miners gets cut in half. The amount of time it takes to reach the next milestone where the reward is cut in half is about 4 years. Thereafter, there is supply shock and the price increases. Then as things pump people start to sell off and invest in alt coins so the price drops, until the halving happens again and there is another price shock.
Outside factors can also contribute to pumps in value or dumps if bad news, but largely the price over the course of its 12 year life is tied to the 4 year mining cycle.
The dollar going to zero is a certainty; just like every fiat currency throughout history. Bitcoin may go to a million, or it may go to zero. I have no idea which. I am certain that gold will go to a million if the dollar goes to zero. It has a proven record during periods of financial destruction through thousands of years. Central Banks are grabbing all the gold they can get in anticipation of the coming collapse. I want what they want. I do have a very small amount of BTC and ETH, but it is a fraction of my other financial holdings.
Blackrock already has a huge amount of wealth tied to Bitcoin, so maybe he is trying to get the price up in order to unload it. Who can say. I just know that if he is saying this publicly, he has an angle that is not to the benefit of the public. We have yet to witness how crypto holds up during a financial crisis. We will get our first look in the next year or two.
Apparently you didn't learn your lesson from Mr. "Bear Sterns is fiiiiine" Cramer. They don't broadcast what they want to do, they tell you to be the opposing party for all of their big money making trades.
Insert Obi-wan You're supposed to destroy the institutions, not become them!
Anyone who's read the whitepaper knows this to be true, hell even the very first block created specifically has an anti-establishment "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks".
Institutional adoption is poison for BTC, mark my words.
When did we start trusting the leader of Black Rock? Is it possible he's acting in his own best interests? I think there is no doubt. This leads me to believe Bitcoin is a massive pump and dump.
It would be in their own best interest if they are hedging with bitcoin to hide cash from whitehats, so when the crackdown finally happens they still have some operating funds.
In which case it probably will go up, way up.
Just going bubble and pop. Then rinse repeat in 4 years
Unless he was White Hat involved the entire time. Perhaps he was part of Devolution, and his role was to ensure a controlled demolition of certain markets and business?
Not rooting for the guy, don't like him. But if Trump starts to trust him then we'd know why.
Eh Trump puts a lot of shit heads in the front and centre stage. Doesn’t mean he wants us to agree with them.
Think for yourself, use discernment.
Imagine being this late to the party, my God. Tell me you don't post here without telling me you don't post here
Wow catsfive, very welcoming. Lighten up, Francis.
https://www.youtube.com/watch?v=syV2LkGpQB0
Imagine trusting BlackRock
Pretty shocking how many frens here don't have a clue about Bitcoin!! If they'd put a smidgen of time into studying it they'd see how freaking amazing it is. Just cause old Finkster is into it doesn't negate what Bitcoin represents to the common man
Do the RESEARCH folks then come talk to us.
how is it amazing? when is the last time you've sent someone BTC? how did you like the fees and transaction time? Also the CCP has over 54% of the mining capacity so they can fork whenever they want or do other 51% attacks.
Been in crypto for years and sending it is kind of annoying, but withdrawing from an exchange and sending to others is bad when the exchange doesn't have liquidity and can't send the coins since they don't have them. Happed a lot in the last cycle.
I do have a lot of XLM, XRP, AMP, Floki and a few others, but BTC is obsolete.
BTC is, at this point, a store of value. A place to store your savings. If you want to use it like money just convert it to dollars. Give it time and the lightening network will be able to facilitate fast, free transactions. In the meantime treat it like gold. Buy it, hold it and watch it make you wealthy.
I agree. I could see the early days. But information is easy to obtain now.
A massive pump and dump that is the best performing asset over the past 10 years? LOL Do some more research.
It's possible I've done more research than you. Investing based only on past performance is not the smartest way to invest...
FTX was looking awesome right up until it wasn't.
People gave FTX money to buy crypto. That was their first mistake. Not your keys not your crypto.
Yeah. What happened to the fundamentals?
It's possible. But not probable. I would never put my faith in ANY exchange. Not your keys not your crypto. But I'm sure you already knew that Mr. research.
That's what pump and dumps do, they perform really well until they don't.
i like how they try to shill BTC with past performance... The entire world is betting on this, already 70%of the global stocks are now in the USA. People are selling their own stocks since their currencies are going down faster than the Dixy, so out stock market will get rugged as well. Brasil and China are trading in their own currency and not using USD, and now Rubio said 5 years sanctions won't work as nobody will use USD. So all that money will come back here, and crypto will be the fiat sponge so that the commodities won't get hyperinflated. Phase 1. Stock pump, phase 2, crypto pump. Stage 3 - Market crash and money going to commodities like gold and silver.
With the world using 1.2bn oz of it a year and only 20bn in the ground with 5 in vaults, there is only 15 years of silver left, so of course they don't want people buying commodities...
If you buy bitcoin then ultimately that money is being used to buy US Treasuries, so you are financing the US debt. They love it if you buy bitcoin. Gold and silver? Not so much.
If ibadan any btc I'd co vert to silver and gold. APMEX takes several cryptos for metal.
What do they think about brass and lead? Asking for a friend.
that's the pump part
When does he get arrested for Treason?
Of course Bitcoin, Blackrock owns a bunch.
Fuck Larry Fink.
Bitcoin has no top because Fiat has no bottom
When bitcoin is $700,000 a mcchiken will be $15.
Who cares about a 7x bitcoin, when silver will 60x-120x?
We've been hearing about this explosion in silver for a long time...
It’s close. Trump is returning to the gold standard. You can’t make America great again without sound money. They will have to revalue gold to back the new currency. 40% backing puts gold somewhere between $28k and $35k per ounce. So at least 10x in purchasing power. Silver moves with gold but also has to close the 90:1 ratio to gold, back to 15:1. So another 6x. So 60x in purchasing power is more than possible.
If this one time opportunity for a jump in the purchasing power that everyone has been waiting for exists, it’s pretty much now, or sometime soon when the financial contagion begins.
Bitcoin is a derivative of the dollar and denominated in dollars and will go to zero with the dollar. Its value will collapse back into gold which it derived its value from in the first place.
Id be happy with that.
I was going to sell some at the coin shop today, and they were flooded with sellers. They were only going to give me $17 per face $1, when melt is more like $22. I bolted. I kinda feel stupid now. Should converted it to bitcoin years ago. Another missed opportunity.
Eh, can’t put a price on real assets.
A bottled water at the grocery store is like 1$
It’s 2$ at a gas station
Or it’s 7$ at a movie theatre
… what’s the value of water? I get it out of the tap for free.
If somebody says my water is worthless or worth 1$, does it mean water isn’t worth 7$ a bottle?
Just because buyers offer that, doesn’t mean that’s the value or even close to the real worth.
Correct - you have to look at the sheer amount of credit that is out there to understand the value is incredibly undervalued. I wonder if it will be forever supressed because of how high the industrial use is. Silver is the only thing on Earth that is cheaper today then 1980 (although it was largely driven up by the Hunt Brothers cornering the market then - the Saylor of it's day).
There is no end to the amount of paper contracts that can be written and sold to drop the price of silver and they are having a hard time implementing basel iii reserve requirements. You can't paper over physical demand and this should have an end date as the price is too cheap for the exploration of it for something with such a high industrial use.
This is what my dad was telling me in the mid 90's. It's 2025 now. He's gone now. I'm getting old. lol
Same here, I can tell your Dad had a lot of common sense
When gold hit $2100 in Nov ‘23 I sold 30oz of mine and started a BTC position (BTC was $43k at the time). Needless to say, I’m happy with my decision.
You were about to trade metals for fake paper?
I have a credit card bill to pay. I can't send them junk silver.
sell if you want, but I think it's a really bad idea
Silver and gold, when priced in Bitcoin, will always go lower and lower. You can always mine more Gold and Silver. You can never mine more Bitcoin.
Basic math my fren.
Bingo! ^^^ Just cause old Fink says it doesn't mean it ain't so!
$700k is 7x from here which is an all time high, but from the cycle bottom its a 46x. Further, Bitcoin has operated on a 4 year cycle for the past 12 years continually increasing due to the halving and now with nation-states investing will go parabolic. Silver may do well, but it won't 60x. We don't know how much silver is undiscovered. We know EXACTLY how much Bitcoin there is and it will never change.
Just think if you could have bought $1000 in bitcoin back when it started! :)
Ok... this just means that this clown is sitting on a ton of BTC and he WANTS it to hit $700k... there is legitimately no reason for institutions to be wasting their time or money on BTC. It's inefficient, slow AF, expensive and overpriced w/ a low supply.
Made in America Crypto is the way to go. Namely XRP. It's fast, has volume & speed, carries utility with it (it's actually* usable unlike BTC) and is already being factored into the financial ecosystem.
BTC is just holding value because no one wants to sell it and ETFs pumped it way up based on the low supply. That's it. It is no different than the NFT space. Pure supply/demand, no real utility at all.
Unlike oil, precious metals, commodities... crypto carries no physical value and people know this. Therefore, IMHO, I believe that the only crypto currencies in the playing field today that will soar - must be the ones that actually carry some kind of value and real-world application.
Even Solana barely checks the box. Making it easy to create shitcoins is not true utility... it's just creating smaller splinters of the idiocy behind BTC.
Full Disclosure: I flipped 50% of my BTC stack into XRP awhile back. I've been onboard with XRP since pre-litigation.
https://coinmarketcap.com/view/made-in-america/
Thank you for that!
I've got 20x more WLF coins than XRP! So, there's that! Of course those treasonous schmucks are latching onto XRP... if it does* become the base layer for large/international financial transfers??? They'd be left in the dust looking like the fools they are.
So, setting up for the rug pull then!
Fink is the reason all the major corporations went "woke".
I saw an interview with Fink and it seemed pretty apparent the "woke" initiative was orchestrated by him, but perhaps he was forced to do it to wake people up; who knows.
One big massive bubble of tulips that is fuelled by the dollar not a hedge against it.
Well technically Bitcoin is fueled by Tether that is fuelled by the dollar but the results are the same. Bitcoin is pro dollar expansion - if Tether get's audited and there is trouble there, how will Bitcoin fair? It trades like a bubble who has studied these in the past like Assignats, Tulips, Seven Seas, etc... It can very well go to the moon and I'm not disputing that - only to be aware of the history of this type of fervor.
Is this comment seriously real? Bitcoin is fueled by the dollar? No, Bitcoin is gobbling up the dollar.
This board is embarrassingly behind on Bitcoin. It's such a big part of "the plan" imo
Quick, without googling, tell us what real money is... Go
top signal
So..the opposite then.
Bingo. Gotta get that last pump in before it crashes is my guess.
It will continue to go up this year and come back down over the next 2 years before peaking again in 2029. Bitcoin operates on a 4 year cycle.
Quantum computers will soon break the block chain. That is guaranteed.
Guaranteed? Can you let us know the terms of this guarantee you’re offering? Or are you just throwing that term out there without offering any actual guarantee?
I have many high level programming friends. They have been very pro-crypto until recently when new chip info was leaked. Unless the blockchain tech is changed very quickly, it is done. FYI I used to own/run a warehouse full of miners back when btc cost $300 a coin. I was also one of the largest investors in Paycoin before Garza bailed.
Interesting. Any specific reasons as to why that is?
There are only 21 million Bitcoins, but some have not been released into circulation yet. New ones are released into circulation as rewards for miners securing the network by using insane computers to solve complex math problems to confirm transactions on the network. When a miner completes a block of these transactions they are rewarded in Bitcoin.
The main reason is that after a certain number of blocks are completed the reward for miners gets cut in half. The amount of time it takes to reach the next milestone where the reward is cut in half is about 4 years. Thereafter, there is supply shock and the price increases. Then as things pump people start to sell off and invest in alt coins so the price drops, until the halving happens again and there is another price shock.
Outside factors can also contribute to pumps in value or dumps if bad news, but largely the price over the course of its 12 year life is tied to the 4 year mining cycle.
Old Timers are well aware of the phrase, "Dirty Rat Fink"
What's in a name?
Rat Fink's his name...
He's basically telling you BTC is going to zero...Wake up.
No, he is telling you that he knows the dollar is going to zero, and he is hoping to buy it all up before you can.
The dollar going to zero is a certainty; just like every fiat currency throughout history. Bitcoin may go to a million, or it may go to zero. I have no idea which. I am certain that gold will go to a million if the dollar goes to zero. It has a proven record during periods of financial destruction through thousands of years. Central Banks are grabbing all the gold they can get in anticipation of the coming collapse. I want what they want. I do have a very small amount of BTC and ETH, but it is a fraction of my other financial holdings.
Wouldn't Fink say BTC is going to zero if he wanted to buy it all up? Usually the pumpers project a rise in the value as they sell off?
Blackrock already has a huge amount of wealth tied to Bitcoin, so maybe he is trying to get the price up in order to unload it. Who can say. I just know that if he is saying this publicly, he has an angle that is not to the benefit of the public. We have yet to witness how crypto holds up during a financial crisis. We will get our first look in the next year or two.
I don't really know shit about crypto and I don't pretend to, but I think this comment is spot on just based on the psychology of it.
I fully agree with you Marius!!
Yep. Always opposite. Think Jim Cramer
Apparently you didn't learn your lesson from Mr. "Bear Sterns is fiiiiine" Cramer. They don't broadcast what they want to do, they tell you to be the opposing party for all of their big money making trades.
It’s a trap!
Insert Obi-wan You're supposed to destroy the institutions, not become them!
Anyone who's read the whitepaper knows this to be true, hell even the very first block created specifically has an anti-establishment "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks".
Institutional adoption is poison for BTC, mark my words.
Lol, I am in the EU and I can't read this link
Fags
Took a scrolling screenshot of the page if you're interested.
https://files.catbox.moe/18n79t.png
MV-effing-P frog, thank you! ❤️🐸🫡
Coming from those that already own it.
FINK. Fink can be a noun meaning a contemptible person, or a verb meaning to inform on someone.
It's probably a good idea that you don't short something you don't understand
Dirty rotten fink.
Michael Saylor has been saying for last 10+ years, bitcoin is gonna be over 10m per
He has crazy eyes though.
Lol at the broke dicks in these comments that will come up with any excuse to stay poor.
Infinity divided by 21 million
Big investment firms are tied into crypto to inflate price and crash it so they can pay for GME. Watch the charts and they always move together.
He also said XRP will go to $600,000. Does this guy know what he is talking about?
No he has never said this about XRP
If you search it it says 600% surge in Bitcoin and XRP.
Sorry but I haven't forgotten that this POS is responsible for the DEI ESG CEI.
https://www.youtube.com/watch?v=KwwN5kwjAtQ
Can someone explain to me in Pototo Head language what exactly backs crypto currency?