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beez
A*mazing
Luckily BTC bounced off the $58k range lows.
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Brutal brutal day! Mt Gox starting to distribute from cold wallets has created mass panic during a low volume period for the market. The German's aggressively selling in massive clips also not helping... Pretty well induced a crypto black swan event for the first time since FTX's collapse.Luckily BTC bounced off the $58k range lows.
So after trump campaigned hard as the crypto president yesterday is anyone here finally starting to figure out that crypto is deeply immoral? Or are we all still blinded by greed for unearned wealth?
![]()
Who is really powering J.D. Vance’s political rise? Tech bros not hillbillies
A small group of technology billionaires, including PayPal co-founder Peter Thiel, are behind his ascent.www.smh.com.au
So after trump campaigned hard as the crypto president yesterday is anyone here finally starting to figure out that crypto is deeply immoral? Or are we all still blinded by greed for unearned wealth?
![]()
Who is really powering J.D. Vance’s political rise? Tech bros not hillbillies
A small group of technology billionaires, including PayPal co-founder Peter Thiel, are behind his ascent.www.smh.com.au
How does crypto give you financial freedom any different to a bank robber stealing money from a bank gives the robber fianancial freedom?Who's morals? Not mine. I am an advocate for transparency and personal financial freedom that is available to everybody through public and immutable blockchains. Crypto has it problems, but there are scammers everywhere.
It is different in a few ways that I can think of. Firstly robbing banks is not legal, but buying and selling bitcoin is legal. I think the illegal nature of robbing banks means there are barriers to successfully pulling of a bank robbery; if it was as easy as buying digital currency, I am fairly certain there would be no more banks.How does crypto give you financial freedom any different to a bank robber stealing money from a bank gives the robber fianancial freedom?
If history is anything to go by, Seeds posting in this thread is a crypto bottom signal.
And bitcoin falls 13 percent in the next 24 hours.....If history is anything to go by, Seeds posting in this thread is a crypto bottom signal.
And bitcoin falls 13 percent in the next 24 hours.....
Not that its value had a single thing to do with my point.
You anti government libertarians just dont get it.
My guess is it will go back up in the short term as the market has completely overreacted to the US unemployment rate rise which is partly being driven by rising labour force and not solely a contraction in workers.The more you post, the more likely it is that you'll signal the bottom again.
Gold?My guess is it will go back up in the short term as the market has completely overreacted to the US unemployment rate rise which is partly being driven by rising labour force and not solely a contraction in workers.
But wasnt bitcoin supposed to be a hedge against inflation and not an extreme risk asset that moves in line with the stock market but with greater magnitudes? If its an asset and not money that what returns does it produce? There has never been an asset with no returns that didnt fall down to a price of zero.
Now that we realise crypto can never be money all economists place their long term forecats for crypto at zero. The market will eventually figure it out. Although it could take a long time to get there if crooks like trump get in charge and try to force the fed to buy them. As a crypto advocate Im guessing you are hoping trump wins this election?
Now that we realise crypto can never be money all economists place their long term forecats for crypto at zero. The market will eventually figure it out. Although it could take a long time to get there if crooks like trump get in charge and try to force the fed to buy them. As a crypto advocate Im guessing you are hoping trump wins this election?
My guess is it will go back up in the short term as the market has completely overreacted to the US unemployment rate rise which is partly being driven by rising labour force and not solely a contraction in workers.
But wasnt bitcoin supposed to be a hedge against inflation and not an extreme risk asset that moves in line with the stock market but with greater magnitudes? If its an asset and not money that what returns does it produce? There has never been an asset with no returns that didnt fall down to a price of zero.
Now that we realise crypto can never be money all economists place their long term forecats for crypto at zero. The market will eventually figure it out. Although it could take a long time to get there if crooks like trump get in charge and try to force the fed to buy them. As a crypto advocate Im guessing you are hoping trump wins this election?
Are you unable to read my posts? The direction of the price has nothing to do with my point. How many times does this need to be repeated? In fact the price going up does nothing more then provide more proof as to why governments need to intervene in markets and ban these libertarian scams. Crypto is even more libertarian then Ayn Rand.
Trump was against crypto in his first term. He has now done a 180 and is all for it cos he recognizes what it is. A tool to scam people and destroy government.Bitcoin all time highs happened under Biden, not Trump. I don’t think US President really makes much difference tbh.
As for inflation hedge… if you buy low and sell high it’s great.
Are you unable to read my posts? The direction of the price has nothing to do with my point. How many times does this need to be repeated? In fact the price going up does nothing more then provide more proof as to why governments need to intervene in markets and ban these libertarian scams. Crypto is even more libertarian then Ayn Rand.