All 30 or 40k of 'cryptos' are scams. Best performing asset in the last 5 year period, 10 year period, and 15 year period. There is roughly 15 times the daily supply being bought up, the exchanges are running out, and in 1 month the supply gets cut in half. So really there's roughly 30+ times the daily supply being bought up. There's roughly 1 million on exchanges, and under 1.35 million left to mine over the next 115+ years slowly. 60 million millionaires. Do some math and decide if you want a piece of the past, or scarce digital property for the future. Unconfiscatable, borderless, can't be debased. The hashrate (security) of the network hits all time highs daily almost, for years, and since it's inception. There are a lot of ignorant opinions from people who haven't learned a thing about what it is and does. It was literally over 99k Canadian yesterday, but in reality this is now 0.1M (million). It will only go to 0.5m, 1m, 10m now. Central banks are scrambling.
Bitcoin benefits EVERYONE.
It's going to go up so far so fast that billions of people won't have a chance to make meaningful gains.
0
All 30 or 40k of 'cryptos' are scams. Best performing asset in the last 5 year period, 10 year period, and 15 year period. There is roughly 15 times the daily supply being bought up, the exchanges are running out, and in 1 month the supply gets cut in half. So really there's roughly 30+ times the daily supply being bought up. There's roughly 1 million on exchanges, and under 1.35 million left to mine over the next 115+ years slowly. 60 million millionaires. Do some math and decide if you want a piece of the past, or scarce digital property for the future. Unconfiscatable, borderless, can't be debased. The hashrate (security) of the network hits all time highs daily almost, for years, and since it's inception. There are a lot of ignorant opinions from people who haven't learned a thing about what it is and does. It was literally over 99k Canadian yesterday, but in reality this is now 0.1M (million). It will only go to 0.5m, 1m, 10m now. Central banks are scrambling.
Bitcoin benefits EVERYONE.
It's going to go up so far so fast that billions of people won't have a chance to make meaningful gains.
I think by ‘crypto ETFs’ he is just using a broad inclusive term. For example, there are some for Ethereum and the blockchain ones that include the mining and transaction parts like COIN and RIOT as well.
By ‘sell’ button I think he simply means make sure you lock in your profits because it is so volatile and has shown it can have huge downswings for extended periods. So, he does not mean sell a ‘winner’ for a ‘loser’ necessarily.
I am not so sure what you mean by this:
It just got back to it's all time highs, which is historically when it doubles in 18 days or less (once in 80).
When it is at ‘all time highs’ it does not double in price in 18 days? Are you referring to the ‘halving’? What does ‘(once in 80)’ mean?
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@Hawky
I think by ‘crypto ETFs’ he is just using a broad inclusive term. For example, there are some for Ethereum and the blockchain ones that include the mining and transaction parts like COIN and RIOT as well.
By ‘sell’ button I think he simply means make sure you lock in your profits because it is so volatile and has shown it can have huge downswings for extended periods. So, he does not mean sell a ‘winner’ for a ‘loser’ necessarily.
I am not so sure what you mean by this:
It just got back to it's all time highs, which is historically when it doubles in 18 days or less (once in 80).
When it is at ‘all time highs’ it does not double in price in 18 days? Are you referring to the ‘halving’? What does ‘(once in 80)’ mean?
I own bitcoin. The purchasing power of the dollar goes down. Government prints trillions more dollars. Why would anyone "sell" back into dollars? Might as well buy Venezuelan bolivars, then I'm a billionaire, right? So stupid.
What is it that you think you own? hold up a 5$ bill and a 100$ bill next to eachother. What's the difference, other than the color? It's a figment of your imagination, you twat.
It's ok, though. People get bitcoin at the price they deserve. You brainwashed slave
0
sell button, still doesnt understand.
I own bitcoin. The purchasing power of the dollar goes down. Government prints trillions more dollars. Why would anyone "sell" back into dollars? Might as well buy Venezuelan bolivars, then I'm a billionaire, right? So stupid.
What is it that you think you own? hold up a 5$ bill and a 100$ bill next to eachother. What's the difference, other than the color? It's a figment of your imagination, you twat.
It's ok, though. People get bitcoin at the price they deserve. You brainwashed slave
there are no other "crypto" etfs. ethereum is being sued by the sec for being an unregistered security. that's what they all are.
what im saying is after the price returns to it's all time highs, historically the price doubles. im not talking about the halving. once in 80 means: one of the 4 cycles it doubled in 80 days, the worst one
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@Raiders22
there are no other "crypto" etfs. ethereum is being sued by the sec for being an unregistered security. that's what they all are.
what im saying is after the price returns to it's all time highs, historically the price doubles. im not talking about the halving. once in 80 means: one of the 4 cycles it doubled in 80 days, the worst one
You don't sell winners for losers. Just pricing it in dollars means you don't understand. There is no other system to compare this to. It's absolute scarcity
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You don't sell winners for losers. Just pricing it in dollars means you don't understand. There is no other system to compare this to. It's absolute scarcity
what im saying is after the price returns to it's all time highs, historically the price doubles. im not talking about the halving. once in 80 means: one of the 4 cycles it doubled in 80 days, the worst one
I still do not understand what you mean by this either? Obviously, once it reaches all time highs it does not double again in 18 days? So, do are you saying you expect it to double since it hit 73K within 80 days?
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@Hawky
there are no other "crypto" etfs.
What do you mean by this?
what im saying is after the price returns to it's all time highs, historically the price doubles. im not talking about the halving. once in 80 means: one of the 4 cycles it doubled in 80 days, the worst one
I still do not understand what you mean by this either? Obviously, once it reaches all time highs it does not double again in 18 days? So, do are you saying you expect it to double since it hit 73K within 80 days?
sell button, still doesnt understand. I own bitcoin. The purchasing power of the dollar goes down. Government prints trillions more dollars. Why would anyone "sell" back into dollars? Might as well buy Venezuelan bolivars, then I'm a billionaire, right? So stupid. What is it that you think you own? hold up a 5$ bill and a 100$ bill next to eachother. What's the difference, other than the color? It's a figment of your imagination, you twat. It's ok, though. People get bitcoin at the price they deserve. You brainwashed slave
In a world of spiraling debt problems... GOLD
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Quote Originally Posted by Hawky:
sell button, still doesnt understand. I own bitcoin. The purchasing power of the dollar goes down. Government prints trillions more dollars. Why would anyone "sell" back into dollars? Might as well buy Venezuelan bolivars, then I'm a billionaire, right? So stupid. What is it that you think you own? hold up a 5$ bill and a 100$ bill next to eachother. What's the difference, other than the color? It's a figment of your imagination, you twat. It's ok, though. People get bitcoin at the price they deserve. You brainwashed slave
In a world that has Warren Buffet and Jamie Dimon among the biggest bitcoin detractors, and Elon Musk and Mark Cuban as its champions,... I'll stick with the people that have a better understanding of finance.
0
In a world that has Warren Buffet and Jamie Dimon among the biggest bitcoin detractors, and Elon Musk and Mark Cuban as its champions,... I'll stick with the people that have a better understanding of finance.
the people who have the most of the corrupt system, ya have fun following those clowns. kings of fiat. mark this day as the bottom and price will never get to 65k (USD) ever again. Gold? ya the digital world doesnt care about shiny heavy yellow rocks anymore. It's like going to war in chariots and on horses and here comes your opponent with explosives and aircraft. technology wins out every time.
savings TECHNOLOGY. learn about it for 10 hours before you give ur idiotic opinions. bitcoin doesnt care
1
the people who have the most of the corrupt system, ya have fun following those clowns. kings of fiat. mark this day as the bottom and price will never get to 65k (USD) ever again. Gold? ya the digital world doesnt care about shiny heavy yellow rocks anymore. It's like going to war in chariots and on horses and here comes your opponent with explosives and aircraft. technology wins out every time.
savings TECHNOLOGY. learn about it for 10 hours before you give ur idiotic opinions. bitcoin doesnt care
toilet paper has outperformed gold since 2021, literal garbage companies outperform gold. you must be so stupid at finance to look at gold and think there is anything more than industrial metal value
best performing asset in the last 5 year period, best performing asset in the last 10 year period, best performing asset in the last 15 year period. get on the winning team man!! you are welcome to join! bitcoin doesnt discriminate. but everyone gets it at the price they deserve
god speed
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toilet paper has outperformed gold since 2021, literal garbage companies outperform gold. you must be so stupid at finance to look at gold and think there is anything more than industrial metal value
best performing asset in the last 5 year period, best performing asset in the last 10 year period, best performing asset in the last 15 year period. get on the winning team man!! you are welcome to join! bitcoin doesnt discriminate. but everyone gets it at the price they deserve
Bitcoin in being introduced to the general finance arena has lost its value of limited supply. When you have futures and ETFs and funds, now the supply cap is destroyed and infinite shorting and leverage can control its price. If you look at how it has been boxed in since pre-halving it is evident that the evil tentacles of the traditional finance world will damage what purist qualities it once had.
When people were cheering the new products being brought in, I knew better that the innocence was lost and will never return.
0
Bitcoin in being introduced to the general finance arena has lost its value of limited supply. When you have futures and ETFs and funds, now the supply cap is destroyed and infinite shorting and leverage can control its price. If you look at how it has been boxed in since pre-halving it is evident that the evil tentacles of the traditional finance world will damage what purist qualities it once had.
When people were cheering the new products being brought in, I knew better that the innocence was lost and will never return.
u knew when bitcoin was sitting at all time highs, before the halving for the first time, that it would still be sitting around the same price months later? Yes, the ETFs are most likely captured bitcoin. that doesnt take ANYTHING away from the people who hold self custody. still cant confiscate it, censor it, counterfeit it. it's STILL the fastest horse in the race and you're going to look silly because you haven't learned a single thing about it. have u put 10 hours into learning about it? 100 hours? talk to me at 10000.
once again, this thread WILL prove you wrong over time. make no mistakes. go read from the start. the next 12-18 months are going to melt faces. it's not that the price of bitcoin goes up, but everything goes down when priced in bitcoin. learn about money
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@wallstreetcappers
u knew when bitcoin was sitting at all time highs, before the halving for the first time, that it would still be sitting around the same price months later? Yes, the ETFs are most likely captured bitcoin. that doesnt take ANYTHING away from the people who hold self custody. still cant confiscate it, censor it, counterfeit it. it's STILL the fastest horse in the race and you're going to look silly because you haven't learned a single thing about it. have u put 10 hours into learning about it? 100 hours? talk to me at 10000.
once again, this thread WILL prove you wrong over time. make no mistakes. go read from the start. the next 12-18 months are going to melt faces. it's not that the price of bitcoin goes up, but everything goes down when priced in bitcoin. learn about money
Oh I know plenty, the issue isnt the fixed quantity of BTC, that is not at all at play here because when you create financial products that can manipulate the underlying instrument then that characteristic is lost completely.
When ETFs and futures and derivatives were created for BTC then the limited supply/scarcity aspect was completely destroyed and cannot be restored. The only way to regain the qualities you think BTC has is to implode the outside financial instruments, that is the single solution and that will never happen.
BTC futures and options and derivatives means that financial firms and many traders can buy or sell synthetic positions unlimited without recourse, there is no monitor or governing body that can or will stop the synthetic creation of a trading position that impacts the underlying security and in this case it is BTC.
The same concept has been bugging the crap out of the gold and silver crowd for DECADES....DECADES. It does not matter your scoreboard comment, it is not me vs you or me being anti-BTC because I am not anti at all, I am pointing out financial FACT that you cannot refute. The day that these instruments were allowed to be created was the day that the mythical qualities of BTC ended.
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@Hawky
Oh I know plenty, the issue isnt the fixed quantity of BTC, that is not at all at play here because when you create financial products that can manipulate the underlying instrument then that characteristic is lost completely.
When ETFs and futures and derivatives were created for BTC then the limited supply/scarcity aspect was completely destroyed and cannot be restored. The only way to regain the qualities you think BTC has is to implode the outside financial instruments, that is the single solution and that will never happen.
BTC futures and options and derivatives means that financial firms and many traders can buy or sell synthetic positions unlimited without recourse, there is no monitor or governing body that can or will stop the synthetic creation of a trading position that impacts the underlying security and in this case it is BTC.
The same concept has been bugging the crap out of the gold and silver crowd for DECADES....DECADES. It does not matter your scoreboard comment, it is not me vs you or me being anti-BTC because I am not anti at all, I am pointing out financial FACT that you cannot refute. The day that these instruments were allowed to be created was the day that the mythical qualities of BTC ended.
the ETFs have to hold equal BTC on balance sheets that they have on paper to customers. yes gold has been papered over for decades, probably 100 to 1 paper claims to actual gold. you cant do that with BTC, if they do, the SEC is watching hard. not that the SEC isnt in on all of it either! but eventually bitcoiners will leave the companies that dont show their holdings, or theyll get caught when the tide goes back and we'll see who's swimming naked like FTX.
another thing is that it doesnt change anything about bitcoin. you can still memorize 12 words and take all of your wealth out of your country or jurisdiction. you can still send any amount of wealth across the world instantly without the permission of a 3rd party. permissionless. it still works exactly the same.
i agree it's not me vs. you. but bitcoiners are passionate and toxic.
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the ETFs have to hold equal BTC on balance sheets that they have on paper to customers. yes gold has been papered over for decades, probably 100 to 1 paper claims to actual gold. you cant do that with BTC, if they do, the SEC is watching hard. not that the SEC isnt in on all of it either! but eventually bitcoiners will leave the companies that dont show their holdings, or theyll get caught when the tide goes back and we'll see who's swimming naked like FTX.
another thing is that it doesnt change anything about bitcoin. you can still memorize 12 words and take all of your wealth out of your country or jurisdiction. you can still send any amount of wealth across the world instantly without the permission of a 3rd party. permissionless. it still works exactly the same.
i agree it's not me vs. you. but bitcoiners are passionate and toxic.
also, you shouldnt leave your coins on an exchange anyways. they're prone to failure or corruption. there's no rulers when you have btc and self custody. never have to worry about losing ur coins to anyone else. trustless system
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also, you shouldnt leave your coins on an exchange anyways. they're prone to failure or corruption. there's no rulers when you have btc and self custody. never have to worry about losing ur coins to anyone else. trustless system
'The day that these instruments were allowed to be created was the day that the *"mythical qualities"* of BTC ended.'
"mythical qualities". the fundamentals stay the same, strongest supercomputer on the planet, biggest strongest network on the planet. nothing can compete.
everything goes down when priced in btc.
5 year period, 10 year period, 15 year period. and it will never stop
0
'The day that these instruments were allowed to be created was the day that the *"mythical qualities"* of BTC ended.'
"mythical qualities". the fundamentals stay the same, strongest supercomputer on the planet, biggest strongest network on the planet. nothing can compete.
everything goes down when priced in btc.
5 year period, 10 year period, 15 year period. and it will never stop
They let the fox in the hen house so all you say doesnt matter when BTC went forward with financial instruments. The only issue is now the supply is infinite versus before it was capped, now JP Morgan or hedge fund XYZ can short the complete float and have no issues in doing so from a synthetic basis. It isnt like we have not seen this many times before where commodities/investments are manipulated by using financial instruments which are more powerful than the underlying instrument itself. I think the BTC community got snookered by the siren song lure of mass adoption in allowing financial instruments...in order to make BTC widely available we need futures and ETFs and we need Fidelity and others to be supporting BTC. Thats a good song and dance but it also allows all those lovely firms to manipulate BTC and many other firms who as a MO to make money they SHORT instruments and they have deeper pockets than all the debt Mikey can sell and buy BTC for Microstrategies.
There was a large tradeoff that took place in allowing these instruments to be created and that tradeoff could easily limit or hurt the future of BTC even when the supply is finished being created.
I am invested in the space, I owned some BTC in the past so i am not anti or short or anything, I am only speaking the truth about risks associated with financial instruments and you should not take it lightly and expect that it wont continue to be a concern.
0
@Hawky
They let the fox in the hen house so all you say doesnt matter when BTC went forward with financial instruments. The only issue is now the supply is infinite versus before it was capped, now JP Morgan or hedge fund XYZ can short the complete float and have no issues in doing so from a synthetic basis. It isnt like we have not seen this many times before where commodities/investments are manipulated by using financial instruments which are more powerful than the underlying instrument itself. I think the BTC community got snookered by the siren song lure of mass adoption in allowing financial instruments...in order to make BTC widely available we need futures and ETFs and we need Fidelity and others to be supporting BTC. Thats a good song and dance but it also allows all those lovely firms to manipulate BTC and many other firms who as a MO to make money they SHORT instruments and they have deeper pockets than all the debt Mikey can sell and buy BTC for Microstrategies.
There was a large tradeoff that took place in allowing these instruments to be created and that tradeoff could easily limit or hurt the future of BTC even when the supply is finished being created.
I am invested in the space, I owned some BTC in the past so i am not anti or short or anything, I am only speaking the truth about risks associated with financial instruments and you should not take it lightly and expect that it wont continue to be a concern.
Well looks like BTC is getting played around with and went under 60k today, thats what you get when you allow futures traders to play around with your asset. It is also very difficult to chase away a short futures trader, they can be nimble and exit in seconds and will keep going at it until they get flushed out completely. There are many trading desks and futures HFT groups that are for sure in the BTC space and are wrecking the purity of that scarcity BTC used to cling to. Now a firm with deep pockets could kick the crap out of the futures contracts and not even purchase or short BTC, just push the futures and those down the line are impacted.
0
Well looks like BTC is getting played around with and went under 60k today, thats what you get when you allow futures traders to play around with your asset. It is also very difficult to chase away a short futures trader, they can be nimble and exit in seconds and will keep going at it until they get flushed out completely. There are many trading desks and futures HFT groups that are for sure in the BTC space and are wrecking the purity of that scarcity BTC used to cling to. Now a firm with deep pockets could kick the crap out of the futures contracts and not even purchase or short BTC, just push the futures and those down the line are impacted.
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