absoluteUnit
Check out the size of this lad
Mom keeps wanting me to invest her disability in Bitcoin but I’m scared
Is this true about Bitcoin?
- Thread starter absoluteUnit
- Start date
Description is accurate other than it should say anarchist / C_A instead of right wing.
Stay out of it lad! Don’t waste yore mom’s money like that!
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anarchist is right wing.
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Might be a waste of your moms money, but eventually you’ll inherit the bitcoin and will be glad you got your mother to invest in the most peaceful asset in the history of man.
Anarchist is still more descriptive than right wing though.
Every anarchist might be right wing but we know for certain every right winger isn’t an anarchist.
For example I’m right wing but I’m not into that communist Bitcoin trash or anarchy.
Interesting take.. I’m right wing but am into the freedom and independence of bitcoin and an anarchist.
Nah see I’m not concerned with the “freedom” of an algorithm and especially not one that’s a national security threat.
Interesting run up in BTC and ETH the last few days. The stablecoin USDC, which are supposed to maintain a $1 to 1 USDC ratio, broke its peg due to the United States banking crisis. Cash that was on the books at the bank which USDC uses, was subject to a bank run and thus USDC was subject to losses.
So as the USDC was losing its peg, traders wanted to sell their USDC and in turn bought ETH and BTC. BTC and Eth both were up over %20 the last 2 days since the banking crises started.
BTC and ETH have also started to pull away from the pack in terms of coin prices. Smaller coins have not seen the same returns over the previous few day.
BTC - $24,500
ETH - $1,680
So as the USDC was losing its peg, traders wanted to sell their USDC and in turn bought ETH and BTC. BTC and Eth both were up over %20 the last 2 days since the banking crises started.
BTC and ETH have also started to pull away from the pack in terms of coin prices. Smaller coins have not seen the same returns over the previous few day.
BTC - $24,500
ETH - $1,680
Bennie Babies or ice cream trucks selling weed and coke
Looks like it was a pump and dump.
I think there is a lot to be said for inflationary affects of the bail out too. No inflation in BTC
Joe King
Elite
Bitcoin, a national security risk? The Fed is a bigger risk, imho.
....and people not adopting bitcoin, will be the cause of us having a CBDC shoved down our throats.
Libotay
Poster
The most peaceful PONZI scheme ever dude!
How the fuck did i miss this?
Do people really NOT understand the real history of Bitcoin? Originally a way out of Rothschild/Banking system....UNTIL....the C_A and Intelligence community got involved to stop it and turn it into the SHIT SHOW it is today. No Currency can withstand the constant increase/decrease daily in its worth. This helped them turn it into a tradeable commodity. Which in turn....GAVE US NO HOPE TO GET OUT of Central Banking/Rothschild bullshit world.
Everyone who owns Bitcoins and trades them (I own and DO NOT)......is unknowingly helping their enemy. CONGRATS RETARDS!
Do people really NOT understand the real history of Bitcoin? Originally a way out of Rothschild/Banking system....UNTIL....the C_A and Intelligence community got involved to stop it and turn it into the SHIT SHOW it is today. No Currency can withstand the constant increase/decrease daily in its worth. This helped them turn it into a tradeable commodity. Which in turn....GAVE US NO HOPE TO GET OUT of Central Banking/Rothschild bullshit world.
Everyone who owns Bitcoins and trades them (I own and DO NOT)......is unknowingly helping their enemy. CONGRATS RETARDS!
It’s obvious the NSA created bitcoin. Interesting take on increase/decrease. If you look at it from bitcoin looks like other currencies and having issues.
Btw what’s your end game if you own and not trade. This means you’ll never sell and must believe it will be a base currency at some point.
No end game. Never had a belief it would def. work (will always have hope for a new system).....BUT am fortunate enough to have the money to play with (support it) and have had an understanding of the problem of Central banking system for a long long time.
I bought in low originally (and have cash some out a few times) but have always maintained 3 from my original under $100 each purchase. Dark web purchases are where i have used the most over time.
NSA would NOT have been a creation point ever.......that is left to DARPA. (Which is where Google, Facebook, Twitter, etc were actually birthed.)
"No currency can withstand the constant increase / decrease daily in its worth".
I reject that argument. Your currency fluctuates daily, you just don't pay attention to it because you are used to only dealing in dollars. But I assure you, the value of your dollar fluctuates on a daily basis.
BTC is the currency of the future, a lot of people just dont know it yet. By the way i look at it, there are only about 16 million bitcoins in existence (some not made yet, others lost) and there are 8 billion people in the world. I can see BTC going north of $1mm a coin in my lifetime.
BTC is much more honest and less biased and is harder to manipulate than the dollar. Its better in almost every facet and i think that is why it will prevail.
Ok…..but yore the wrong one here Bud. You clearly don’t even understand Bitcoin (it’s founding and purpose NOT trading) or what I was saying. I’m not talking about 1-3% value swings……I’m talking about a spread sheet looking like the fuckin Rocky Mountains…..which will never gain enough consumer confidence to be a a true dollar replacement option.
Now let’s discuss your prediction for it being future currency…..well NO shit, one the IC community/gov realized it was an attack on the dollar…..they BOTH trashed it for the gov podiums, while also dumping hundreds of millions into it to sabotage it. By doing this they assured that either it fails or they would eventually control its levers too.
So congrats on being a useful idiot.
**none of this has anything to do with markets/trading, if you think it does, you engaged in the wrong conversation.**
Vestevoyn
Poster
I know the feeling. It's totally understandable to be scared about investing in Bitcoin, especially when it comes to your Mom's disability. The answer to your question about Bitcoin is a bit complicated, it depends on the market and the price at any given time. But I definitely wouldn't recommend investing in Bitcoin with your Mom's disability. If you want to get into trading, I recommend starting out with a platform like mt5 trading. It's a great way to get into the market without risking too much. Plus, this platform offers a great deal of educational resources and advanced tools that can help you get the most out of your investments.
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Bitcoin was created to be a trustless peerless money. By all means, despite the hundreds of millions spent by the government to “control” it, Satoshi did just what he intended to do.
BTC is just there. It will be there no matter what governments do and whether they like it or not. As long as the internet exists so will BTC.
$28k per coin is a steal. Get yours today!
You do realize who controls the internet?
If the internet goes down, you realize that dollars are pretty much worthless too?
Actually, you clearly need a better understanding of this……Santoshi story as it’s widely known to be total bullshit.
The government will destroy or absorb bitcoin. It is hard to fight for many of us. I happenstance like drinking and fucking around. Fucking curses again
PleasureMoose
Legendary
Can I buy fuel to get to work with Bitcoin.. can I buy food to survive with bitcoin. Cash is king. The internet is just a commodity that have spoiled us westerners
Agreed. But there is not enough cash for everyone to withdraw their money at one time. If the internet goes down 99% of people will have no cash.
Based on the fact there were dollars before Al gore invented the internet, I cannot agree with this statement
But I do understand your point maybe
PleasureMoose
Legendary
You think everyone keeps their cash in banks?
When you walk into a store to buy something and they say "sorry our credit card machine is down" what do you do? Ask if they take .000001 of Bitcoin. The majority of the world's population doesn't use the internet
Crypto is just a bunch of nerds playing with Monopoly money. It holds nothing of real value. It wouldn't surprise me if it wasn't started by the CIA to push people toward a ditgal universal currency so the hierarchy can put us on a spending limit
If you're investing you money into a number on a computer screen instead of gold and property you're doing it wrong
Great Job Brother......
I begged to NOT be drawn into this STUPID conversation. @ChicagoFats is into it for the investment side....which is fine.
You are also correct this is a DARPA/IT Community project that is to condition us (mainly younger gens) to Digital Currency and keeping a Central Banking Control. The Santoshi story is as stupid/ridiculous as the Zack story. I loved when Congress had Zuck in front and asked about his source code/algorithm....his response was he needed to get with Facebooks IT Engineers to get more info and give correct answers.
Tell me you didn't write any of the code.....without saying I didnt write any of the code.
I’m saying I think 99% of money is stored in banks. Yes there are probably some people with cash stored under their mattress but you are in small minority. (If so, it’s losing value at ~7% per year right now.)
1)" It holds nothing of real value." But does a piece of art have real value? Does a Mickey Mantle rookie card have value?
The real value that BTC provides is a perfect, immutable, ledger. The ledger is secured by cryptography that will be difficult to defeat for many years to come. That digital ledger provides value to a lot of people, just as a baseball card or work or art holds value to some people.
You look at it from your perspective. But look at it from someone who lives in Venezuela or any other poor country where the currency experiences high inflation or political uncertainty. Those people may be looking for a way to diversify their currency risks. There are also millions of people with internet access that do not have banks close by. BTC is a solution for them. Western Union charges money for people to send currency around the world, BTC puts them out of business. There is value to western union, so why not BTC?
Did the CIA create it? Maybe, idk. If they did it may have gotten out of their control? Remember there is a $1 trillion bounty to break into BTC, yet no one has been able to do it.
I 100% agree that a digital dollar such as USDC is a horrible idea that i would resist in every way possible. But i think BTC is the antithesis of USDC. BTC can't be controlled by the government. Its not going away.
Maybe im wrong, i've been wrong many times before but its an interesting topic to me for whatever reason.
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