Looks like Bitcoin is about to go on a tear again.

[quickfeet]

 

[quickfeet]

Just been stuck between 30K and 40K for a while now

Oh wow the embedded trading view plot updates live - very nice

 

[JordanPetersHorn]

Will keep going up as long as puddin is in office and infinite QE as the norm. Musk and his disciples getting wishy washy with their cryptos lately won’t have much impact on the long term in my opinion

 

[ChicagoFats]

Will keep going up as long as puddin is in office and infinite QE as the norm. Musk and his disciples getting wishy washy with their cryptos lately won’t have much impact on the long term in my opinion

It seems QE is the norm no matter which party is in power at the moment, probably why the coins are popular.

 

[JordanPetersHorn]

It seems QE is the norm no matter which party is in power at the moment, probably why the coins are popular.

Like anything else, if you give the government a tool to control something they will never relinquish it.

That’s why we will see some form of Covid precautions present for eternity more than any other reason. Governments don’t back track and give up power ever apart from one time in the 1780s

 

[America 1st]

 

[ChicagoFats]

Plummeting Bitcoin prices? It’s $36,000 per coin

there is a lot more at play.

the fed can crack down on Bitcoin, but they can’t exterminate it. If they try and crack down on it, it’s possible it makes it MORE valuable.

 

[JordanPetersHorn]

Plummeting Bitcoin prices? It’s $36,000 per coin

there is a lot more at play.

the fed can crack down on Bitcoin, but they can’t exterminate it. If they try and crack down on it, it’s possible it makes it MORE valuable.

It’s an iPhone note posted by a random guy with two parts underlined linking industries that have almost nothing to do with eachother. Give up hope of talking sense into this man

 

[America 1st]

Plummeting Bitcoin prices? It’s $36,000 per coin

there is a lot more at play.

the fed can crack down on Bitcoin, but they can’t exterminate it. If they try and crack down on it, it’s possible it makes it MORE valuable.

I just thought it was worth sharing since everyone is seemingly worried about inflation

 

[Carlscat]

Will keep going up as long as puddin is in office and infinite QE as the norm. Musk and his disciples getting wishy washy with their cryptos lately won’t have much impact on the long term in my opinion

It seems QE is the norm no matter which party is in power at the moment, probably why the coins are popular.

It could be argued that due to QE, returning back to a balanced budget is mathematically impossible during our‘s and our children’s lifetimes and that even if QE was lifted, either a great reset or basket crypto coins will have to come into play. I’m not confident the US would be winners in either scenario.

 

[JordanPetersHorn]

It could be argued that due to QE, returning back to a balanced budget is mathematically impossible during our‘s and our children’s lifetimes and that even if QE was lifted, either a great reset or basket crypto coins will have to come into play. I’m not confident the US would be winners in either scenario.

It most certainly is impossible and will come to a head at some point

The lack of understanding about our monetary policy among the public will ultimately be our downfall as a nation if nothing else stops us before then. Crypto is a tremendous bulwark against this, but non tech people will be skeptical about those coins until they hit the grave unfortunately

 

[America 1st]

It could be argued that due to QE, returning back to a balanced budget is mathematically impossible during our‘s and our children’s lifetimes and that even if QE was lifted, either a great reset or basket crypto coins will have to come into play. I’m not confident the US would be winners in either scenario.

QE will never end. Too useful.

The balance budget thing is a dying ideal.

It most certainly is impossible and will come to a head at some point

The lack of understanding about our monetary policy among the public will ultimately be our downfall as a nation if nothing else stops us before then. Crypto is a tremendous bulwark against this, but non tech people will be skeptical about those coins until they hit the grave unfortunately

It would be accurate to say a large part of the coin hysteria is a result of the bias of the tech community.

 

[JordanPetersHorn]

It would be accurate to say a large part of the coin hysteria is a result of the bias of the tech community.

I buy that. Double-edged sword in regard to people that oppose it being from the political/financial community

 

[Carlscat]

QE will never end. Too useful.

The balance budget thing is a dying ideal.

It would be accurate to say a large part of the coin hysteria is a result of the bias of the tech community.

You mention the problem in one sentence for the US. Saying that the US having the inability to balance their budget and that it is a dying ideal is absolutely catastrophic for the US. Other countries not having confidence in strong, global leadership from the US coupled with foes such as China developing military alongside the brains of Russia gives additional hesitation from our allies.

China and Russia have long called for a basket of currencies that actually does resemble the idea of crypto. Historically every time those two countries start spouting off about baskets the rest of the globe reminds them that they are not diversified enough and too energy dependent (Russia having 60% of their tax receipts from energy and China having no middle class or strong enough domestic consumption to sustain). They are working hard to disrupt and dissipate that truth. Hence why the US bends over backwards to keep the ME happy with oil as the oil is pegged to the dollar. The US leaves the ME high and dry and they will simply turn to our foes and de-peg and give zero shits. That is a huge domino that we can not have happen.

Some will say to fuck oil and go electric. The US having an EV push is laughable based on the simple fact that if the US fulfills the Dems vision of being total EV by 2040, starting next month the US will have to build a nuclear plant every 3 months. This is not hyperbole, this is from a financial investigator (the people that go in after investment analysts and scientists) to correct supposedly smart peoples shit. It’s fucking impossible. Ironically much of it due to the exact environmentalists that won’t allow for energy production that satisfies the need for EV. Btw, there is five tons of copper in every wind turbine...simply said, there isn’t enough resources to accomplish what environmentalists and dems want. Mathematically impossible. The irony in all of it is incredibly laughable.

We need oil and the ME...both for energy and currency dominace, period. We lose that and we are effed. Hence why the US isn’t all that intrigued about any secondary currency they can’t control. The US is a house of cards if that happens and everything you know is turned upside down...particularly if you have ANY debt.

Just spoke with a financial investigator today about this exact subject (he was on the Madoff case and also thinks the FAA are a bunch of crooks for what they have hid...story for another time). The US is in a catch 22 and they really need to squeeze foes into a trade mercy...literally the exact opposite of what the Biden administration is doing.

 

[America 1st]

You mention the problem in one sentence for the US. Saying that the US having the inability to balance their budget and that it is a dying ideal is absolutely catastrophic for the US. Other countries not having confidence in strong, global leadership from the US coupled with foes such as China developing military alongside the brains of Russia gives additional hesitation from our allies.

China and Russia have long called for a basket of currencies that actually does resemble the idea of crypto. Historically every time those two countries start spouting off about baskets the rest of the globe reminds them that they are not diversified enough and too energy dependent (Russia having 60% of their tax receipts from energy and China having no middle class or strong enough domestic consumption to sustain). They are working hard to disrupt and dissipate that truth. Hence why the US bends over backwards to keep the ME happy with oil as the oil is pegged to the dollar. The US leaves the ME high and dry and they will simply turn to our foes and de-peg and give zero shits. That is a huge domino that we can not have happen.

Some will say to fuck oil and go electric. The US having an EV push is laughable based on the simple fact that if the US fulfills the Dems vision of being total EV by 2040, starting next month the US will have to build a nuclear plant every 3 months. This is not hyperbole, this is from a financial investigator (the people that go in after investment analysts and scientists) to correct supposedly smart peoples shit. It’s fucking impossible. Ironically much of it due to the exact environmentalists that won’t allow for energy production that satisfies the need for EV. Btw, there is five tons of copper in every wind turbine...simply said, there isn’t enough resources to accomplish what environmentalists and dems want. Mathematically impossible. The irony in all of it is incredibly laughable.

We need oil and the ME...both for energy and currency dominace, period. We lose that and we are effed. Hence why the US isn’t all that intrigued about any secondary currency they can’t control. The US is a house of cards if that happens and everything you know is turned upside down...particularly if you have ANY debt.

Just spoke with a financial investigator today about this exact subject (he was on the Madoff case and also thinks the FAA are a bunch of crooks for what they have hid...story for another time). The US is in a catch 22 and they really need to squeeze foes into a trade mercy...literally the exact opposite of what the Biden administration is doing.

I agree with a lot of your ideas here regarding electric being shit and folks not understanding how valuable the dollar being reserve currency is but the pandemic and China have drastically increased demand and reliance on the dollar. Other countries are realizing they need the US finally and even China Joe can't do anything to stop what is coming in the geopolitical shift IYAM.

Also agree that the rise of cryptos and is a big win for China. The appeal is very confusing other than outright hatred for government because they don't do anything positive for a consumer driven economy like the US.

 

[Cincinattus91]

You mention the problem in one sentence for the US. Saying that the US having the inability to balance their budget and that it is a dying ideal is absolutely catastrophic for the US. Other countries not having confidence in strong, global leadership from the US coupled with foes such as China developing military alongside the brains of Russia gives additional hesitation from our allies.

China and Russia have long called for a basket of currencies that actually does resemble the idea of crypto. Historically every time those two countries start spouting off about baskets the rest of the globe reminds them that they are not diversified enough and too energy dependent (Russia having 60% of their tax receipts from energy and China having no middle class or strong enough domestic consumption to sustain). They are working hard to disrupt and dissipate that truth. Hence why the US bends over backwards to keep the ME happy with oil as the oil is pegged to the dollar. The US leaves the ME high and dry and they will simply turn to our foes and de-peg and give zero shits. That is a huge domino that we can not have happen.

Some will say to fuck oil and go electric. The US having an EV push is laughable based on the simple fact that if the US fulfills the Dems vision of being total EV by 2040, starting next month the US will have to build a nuclear plant every 3 months. This is not hyperbole, this is from a financial investigator (the people that go in after investment analysts and scientists) to correct supposedly smart peoples shit. It’s fucking impossible. Ironically much of it due to the exact environmentalists that won’t allow for energy production that satisfies the need for EV. Btw, there is five tons of copper in every wind turbine...simply said, there isn’t enough resources to accomplish what environmentalists and dems want. Mathematically impossible. The irony in all of it is incredibly laughable.

We need oil and the ME...both for energy and currency dominace, period. We lose that and we are effed. Hence why the US isn’t all that intrigued about any secondary currency they can’t control. The US is a house of cards if that happens and everything you know is turned upside down...particularly if you have ANY debt.

Just spoke with a financial investigator today about this exact subject (he was on the Madoff case and also thinks the FAA are a bunch of crooks for what they have hid...story for another time). The US is in a catch 22 and they really need to squeeze foes into a trade mercy...literally the exact opposite of what the Biden administration is doing.

The US dollar isn't run or salvaged by nationalists

Obviously, the reserve currency presents benefits to Americans but at what cost?

Perpetual war, income tax, unsound money....endless supply for corruption, bribery, depravity

The best move, long term, is to rip the band aid off but I realize that's not the plan

 

[shiv]

 

[America 1st]

 

[America 1st]

Bezos too

 

[ChicagoFats]

Its not huge. The whole point of BTC is that is not run by a giant coporation. The Amazon currency will be just that, backed by amazon. It may have a place in society, but it won't compete with or replace BTC.

 

[America 1st]

Its not huge. The whole point of BTC is that is not run by a giant coporation. The Amazon currency will be just that, backed by amazon. It may have a place in society, but it won't compete with or replace BTC.

Conditioning the fuck out folks is working like a charm.

To boot these folks trade in their other coins and eventually they only take Amazon coin, US issued crypto, and dollars after a bit.

 

[ChicagoFats]

Seems similar to a Frequent Flyer program? Buy at Amazon and will give you our currency that you can use at our stores. Just thinking out loud

 

[shiv]

Just broke through $40k

 

[America 1st]

Seems similar to a Frequent Flyer program? Buy at Amazon and will give you our currency that you can use at our stores. Just thinking out loud

Yeah and we all pay for that shit as they pass on the expenses, transaction fees, to the aggregate of consumers.

People that pay with credit, or coins in this case, cost all of us more.