Sminem calling for Bitcoin to break $50k by the end of next week

[QuanChi]

I imagine alts will follow

Invest accordingly - he’s never been wrong yet

 

[shiv]

Shit that boy has made me a lot of cheddar over the years. I’m ready to roll

 

[Rusty Student]

Link to prediction?

 

[shiv]

Link to prediction?

True. Link it @QuanChi or gtfo

 

[America 1st]

The day coins are outlawed can’t get here soon enough.

 

[ChicagoFats]

The day coins are outlawed can’t get here soon enough.

China already outlawed them and it’s almost back to the same price it was pre-announcement.
I think I saw where’s the US gov has allocated how they will spend the Bitcoin capital gain tax money. And we all know that once the gov starts to get their cut of something, they aren’t going to make it go away.

 

[shiv]

Alright Sminem we got one day left in the week. Been a strong week, but we still got a bit to 50

Any word from the Bogdanoffs?

 

[TTUcamper]

Bitcoin is lagging but my eth is cruising right now.

 

[Rusty Student]

Sminem was finally wrong!

 

[shiv]

Sminem was finally wrong!

weeks not over yet:

 

[Rusty Student]

weeks not over yet:

View attachment 37448

It would have to be quite the rally pal

 

[America 1st]

China already outlawed them and it’s almost back to the same price it was pre-announcement.
I think I saw where’s the US gov has allocated how they will spend the Bitcoin capital gain tax money. And we all know that once the gov starts to get their cut of something, they aren’t going to make it go away.

Likely not but I could see a situation where they tax the central bank digital currency the same way and force everyone to exchange it as the national security implications of the coins becomes more widely known or individual coins phased out.

Powell is on the record as saying there would be no need for these other coins to exist after the US digital currency arrives so I wouldn’t rule out a push in that direction. We all know the bank controls Congress when it comes down to it.

 

[America 1st]

Bitcoin is lagging but my eth is cruising right now.

Just imagine how good you would feel pulling out of that weak sauce and dumping all that capital into patriotic TFSF stock

 

[Zgdaf]

The day coins are outlawed can’t get here soon enough.

 

[America 1st]

Stanford University on why it should be illegal

Bit Coin

cs.stanford.edu

Spoiler: Time to put America 1st

Tax Evation​ The first problem with Bitcoin is the high potential for tax evasion. The United States government collects income tax. Under Federal law it does not matter whether that income is in United States legal tender or an alternative currency. USD, Ithaca HOURS, and, in theory, Bartering are all taxable. The problem with Bitcoin is that there is no clear mapping from coins to user. Coins are mapped to addresses and only the user knows what addresses they own. The United States government would have to hack into a person's account(s) in order to find out if he or she was being honest about his or her Bitcoin income. The United States Government is also incapable of implementing sale taxes in Bitcoin because there is no way for addresses to be mapped to nationality. Consequentially, there is no way to know how much each transaction should be taxed and where the tax should be sent. Haven for Black Markets​ One of the worst foreseeable consequences of making Bitcoin legal is the fact that Bitcoin economies are the perfect haven for black markets. Bitcoin has two properties that make it perfect for black market dealing. First, users are anonymous. An item can be sold and purchased without each party knowing from where it comes. As a result seller of contraband can sell their products to customer without fear of the buyers being able identify them to police. Second seller of contraband can change their addresses each time they made a transaction. This would make it extra difficult to find out how many people were selling a type of contraband. Haven for Money Laundering​ If a person wished to lander their money all they would need is two Bitcoin accounts. Account A would exchange laundered USD and receive Bitcoins. Then Account A would sell those coins to Account B under a different address. Then Account B would exchange the Bitcoins for legitimate USD. So long as Account A is remained hidden from the police, Account B and its user look perfectly legitimate. Unlike tradition money laundering, the lack of a physical and bank interaction makes back tracing the money that much more difficult. Worst yet the launderers could keep changing the addresses of both accounts to make the transactions look less conspicuous. The Bottome Line​ If Bitcoin were to become viable it would provide an alternative way of exchanging goods. However Bitcoin by its very nature would work well, if not best, in the world of illicit behavior. It could provide criminal with the anonymity that they desire. For these reasons we believe that it is the United States best interest to either modify of Bitcoin economies or to make them outright illegal.

 

[BigBucnNole]

China already outlawed them and it’s almost back to the same price it was pre-announcement.
I think I saw where’s the US gov has allocated how they will spend the Bitcoin capital gain tax money. And we all know that once the gov starts to get their cut of something, they aren’t going to make it go away.

Bitcoin and digital currency helps bypass a lot of cross border investment costs tied to foreign exchange rates.

 

[shiv]

$42,765​

We got to $45k by the end of the day, watch out tomorrow. BTC isn't closed on the weekend like the stonk market

 

[Zgdaf]

Stanford University on why it should be illegal

Bit Coin

cs.stanford.edu

Spoiler: Time to put America 1st

Tax Evation​ The first problem with Bitcoin is the high potential for tax evasion. The United States government collects income tax. Under Federal law it does not matter whether that income is in United States legal tender or an alternative currency. USD, Ithaca HOURS, and, in theory, Bartering are all taxable. The problem with Bitcoin is that there is no clear mapping from coins to user. Coins are mapped to addresses and only the user knows what addresses they own. The United States government would have to hack into a person's account(s) in order to find out if he or she was being honest about his or her Bitcoin income. The United States Government is also incapable of implementing sale taxes in Bitcoin because there is no way for addresses to be mapped to nationality. Consequentially, there is no way to know how much each transaction should be taxed and where the tax should be sent. Haven for Black Markets​ One of the worst foreseeable consequences of making Bitcoin legal is the fact that Bitcoin economies are the perfect haven for black markets. Bitcoin has two properties that make it perfect for black market dealing. First, users are anonymous. An item can be sold and purchased without each party knowing from where it comes. As a result seller of contraband can sell their products to customer without fear of the buyers being able identify them to police. Second seller of contraband can change their addresses each time they made a transaction. This would make it extra difficult to find out how many people were selling a type of contraband. Haven for Money Laundering​ If a person wished to lander their money all they would need is two Bitcoin accounts. Account A would exchange laundered USD and receive Bitcoins. Then Account A would sell those coins to Account B under a different address. Then Account B would exchange the Bitcoins for legitimate USD. So long as Account A is remained hidden from the police, Account B and its user look perfectly legitimate. Unlike tradition money laundering, the lack of a physical and bank interaction makes back tracing the money that much more difficult. Worst yet the launderers could keep changing the addresses of both accounts to make the transactions look less conspicuous. The Bottome Line​ If Bitcoin were to become viable it would provide an alternative way of exchanging goods. However Bitcoin by its very nature would work well, if not best, in the world of illicit behavior. It could provide criminal with the anonymity that they desire. For these reasons we believe that it is the United States best interest to either modify of Bitcoin economies or to make them outright illegal.

Seriously? You actually quoted something from Stanford university.

ok so the USD, gold and other currencies fits all above buckets. In addition the US has gone to war over USD. And the history of gold is at the center of death.
while btc represents peace.
Read confessions of a economic hit man to understand why the IMF flipped its shit when El Salvador decided to have peace by adopting BTC.

 

[ttyh]

Bitcoin is lagging but my eth is cruising right now.

Considering hitting the Lambo dealership on my way home.

 

[America 1st]

Seriously? You actually quoted something from Stanford university.

ok so the USD, gold and other currencies fits all above buckets. In addition the US has gone to war over USD. And the history of gold is at the center of death.
while btc represents peace.
Read confessions of a economic hit man to understand why the IMF flipped its shit when El Salvador decided to have peace by adopting BTC.

Lol

Half of USD and gold isn’t a part of illegal activity like with Bitcoin.

At least try to be intellectually honest.

 

[shiv]

Lol

Half of USD and gold isn’t a part of illegal activity like with Bitcoin.

At least try to be intellectually honest.

I was thinking when I saw that post: “Oh no baby what is you doing!”

Not that I really have an opinion on the issue, but @Zgdaf obviously didn’t know the storm he just started arguing crypto with you

 

[America 1st]

I was thinking when I saw that post: “Oh no baby what is you doing!”

Not that I really have an opinion on the issue, but @Zgdaf obviously didn’t know the storm he just started arguing crypto with you

It’s my duty as an @America 1st patriot to expose the truth

 

[Zgdaf]

Lol

Half of USD and gold isn’t a part of illegal activity like with Bitcoin.

At least try to be intellectually honest.

Yeah same can be said with your arguments. Lives have been lost because of gold and USD thru out history and the amount is so large it’s not calculable. Think of the Spanish Inquisitors killing all the natives to all the wars since WW2 over USD being the base currency.

I was thinking when I saw that post: “Oh no baby what is you doing!”

Not that I really have an opinion on the issue, but @Zgdaf obviously didn’t know the storm he just started arguing crypto with you

Yeah he’s definitely digging in his heals and has tunnel vision.
I’ll let it go except to post memes

 

[shiv]

Yeah same can be said with your arguments. Lives have been lost because of gold and USD thru out history and the amount is so large it’s not calculable. Think of the Spanish Inquisitors killing all the natives to all the wars since WW2 over USD being the base currency.


Yeah he’s definitely digging in his heals and has tunnel vision.
I’ll let it go except to post memes

I honestly enjoy it, but fair warning that boy is a pit Bull with no quit in him

 

[America 1st]

Yeah same can be said with your arguments. Lives have been lost because of gold and USD thru out history and the amount is so large it’s not calculable. Think of the Spanish Inquisitors killing all the natives to all the wars since WW2 over USD being the base currency.


Yeah he’s definitely digging in his heals and has tunnel vision.
I’ll let it go except to post memes

People are losing their lives over Bitcoin too.

Cartels, communists, the Iranians, the Central American countries… the list of awful shit is almost endless and all those folks love cryptos and especially Bitcoin.

At least gold and US dollars have some positive qualities like the US dollar preserving the Western world and building our great republic.

Bitcoin has literally no positive qualities and is designed to destroy Western society in pursuit of a globalized one world order.

I know yore dug in and would never be able to back off it given how much we jest over this shit but I’m pretty sure even most coiners at this point, including yoreself, are realizing just how awful that stuff is.

 

[shiv]

Maaan looks like our boy was just a few days early. I got my moon boots on