{quote} Weee, mee too! I got fkn hodling exactly 426 USD in bitcoin right now! Do you think I'll be able to buy a red Ferari in the next 50 years if one single bitcoin will worth 1 million US dollars ?
- #182
- Edited 8:41am Aug 7, 2019 12:47am | Edited 8:41am
- Joined Dec 2015 | Status: Trader | 14,260 Posts
{quote} If I did my math right, your 0.037 BTC would be worth $37,043 if it goes to $1M - so no Ferrari in your cards there.
1. Bitcoin is too volatile to invest big money !!!
2. Bitcoin can't rise enough in a life time to hope for a Ferari made out from a 2 pizza bet
So I bet small, $430 is just an affordable loss for me... or ...
...errr, can you make the math for me exactly how much the loss will be if bitcoin will crash again at that death zone level of 4000 US dollar ?
Don't risk your "house" in for a Ferari, people! Just be happy with your cold hard real fiat ca$h !
Manage well your risk ...bitcoin is a trap for investors, and big fun only for gamblers !
Cheers
Member
- #183
- Edited 3:07am Aug 7, 2019 2:10am | Edited 3:07am
- Joined Dec 2015 | Status: Trader | 14,260 Posts
What? You gotta be kiddin'me! Let's go, dammit, people will sell more bitcoin here, you stupid dog! Move!
...oh, poor little doggy!
...oh, poor little doggy!
Member
- #184
- Aug 7, 2019 4:42am Aug 7, 2019 4:42am
- Joined Dec 2015 | Status: Trader | 14,260 Posts
Oooo0k, ok, ok, crypto is an excellent medium of exchange for the US dollar so far ! Great !
But that crypto thing can't save bankrupt economies like Venezuela's.
How many fkn bitcoins an average Venezuelan guy called Jesus can buy out of his VEF income + savings ?
If the average food basket worth say 0.01 BTC per month,
...due to the economic crisis and the foood shortage the food basket will skyrocket to some 0.04 BTC next month. Uhhhx !
Enter hyperinflation in bitcoin !
Great !But that crypto thing can't save bankrupt economies like Venezuela's.
How many fkn bitcoins an average Venezuelan guy called Jesus can buy out of his VEF income + savings ?
If the average food basket worth say 0.01 BTC per month,
...due to the economic crisis and the foood shortage the food basket will skyrocket to some 0.04 BTC next month. Uhhhx !
Enter hyperinflation in bitcoin !
Member
Oooo0k, ok, ok, crypto is an excellent medium of exchange for the US dollar so far !
- #187
- Edited 9:03am Aug 7, 2019 8:31am | Edited 9:03am
- Joined Dec 2015 | Status: Trader | 14,260 Posts
{quote} Haha but indeed such schemes are widely used. They f''k your ass and you rejoice, thinking you made a good deal. Only thanks to stupid people do smart people earn. Thanks to stupid investors bitcoin is still afloat. The moral is: use your head !!
The drama starts when it collapses like hell, see Dec. 2017.
People loses 85% from their investment in this Ponzi sham
{quote} And when people don’t have enough money to buy food, they will start to eat Bitcoin coins bought on the latest btc from aliexpress.
Venezuelean doggy doo is not accepted to be exchanged for bitcoin ...not just yet !
Maybe AliExpress will accept doggy doo and they will send bananas by emergency air bridge drones in Venezuela on their expense
And Maduro will dance hellish samba and sing like "fck you capitalists, bring food to my people, suckers!"
Member
{quote} It's ok if the bitcoin can stay afloat. People "use their heads" and buy whatever flyes
It’s still not clear to me why after such a crash of Bitcoin, when it could barely reach 3k, still some of the fools remained and continued to trade. Seriously? What the f''k ?!
You have already been kicked in the ass with the words "get out of here." But no.-Wait, Bitcoin, I still have savings, take all my money.
I'm sure that most of these dumbasses have a small temple for bitcoin at home, where they pray to it every day and bring money as a gift.
- #189
- Aug 9, 2019 2:18am Aug 9, 2019 2:18am
- Joined Dec 2015 | Status: Trader | 14,260 Posts
What? You gotta be kiddin'me! Let's go, dammit, people will sell more bitcoin here, you stupid dog! Move! ...oh, poor little doggy!
Come ooon, really ?!?
This is all you've got ?!?
This is manipulation, you want to give the impression of stability ?!?
Look, Zimbabwe, bitcoin 50K !
...oh, sorry, deflation effect is impossible in the scarce bitcoin environment! (unemplyment and food shortage, ...but people hold onto their money)
OMG that's really fkn hilarious
Member
- #191
- Edited 7:44am Aug 9, 2019 3:25am | Edited 7:44am
- Joined Dec 2015 | Status: Trader | 14,260 Posts
TudorIoan. Did you start a video blog? https://www.youtube.com/watch?v=EUrC...ature=youtu.be
Funny guy, anyway. And it sounds like a good trader.
But if we talk what bitcoin is and what's the use of it, I rather prefer arguments from Nouriel Roubini, because you know, they are more consistent.
But hey, we already have a well defined category for guys like this vlogger here.
They use to vote for section : Who cares if bitcon is just a medium of crime as long as we get rich trading it ?
Hey, big whales bankers and politicians said the same about those sub-prime CDOs
people all the same => greedy stups ! Member
- #192
- Edited 7:50am Aug 9, 2019 7:27am | Edited 7:50am
- Joined Dec 2015 | Status: Trader | 14,260 Posts
TudorIoan. Did you start a video blog? https://www.youtube.com/watch?v=EUrC...ature=youtu.be
Here's me, at my best drum solo ever !
............only pour les connaisseurs !! Inserted Video
Member
{quote} Actually, I'm a graphic artist and a musician and my real name is Marius
You play well, man.
{quote} Actually, I'm a graphic artist and a musician and my real name is Marius
- #195
- Edited Aug 10, 2019 7:02am Aug 9, 2019 11:35pm | Edited Aug 10, 2019 7:02am
- Joined Dec 2015 | Status: Trader | 14,260 Posts
Great view from Lionel Laurent from BBG.
All true.
There's nothing in material things, guys.
No value, no nothing! Things alone can't solve crisis.
There's no such thing as "sound money".
Because inflation and deflation are not money endogenous phenomena.
And bitcoin is sooo gross, flagrant manipulated !!!
The concentration of Bitcoin wealth among “whale” investors – about 1,000 addresses control 85% of its supply – means they can greatly influence the price by either taking their stash out of circulation by hoarding it, or by pouring more supply in by trading it.
The world finance need a paradigm shift, but encrypted files or gold (standard) are not solutions.
Without monetary policy to mitigate those sharp cyclical peaks and troughs of the free economies, the world is chaos.
All true.
There's nothing in material things, guys.
No value, no nothing! Things alone can't solve crisis.
There's no such thing as "sound money".
Because inflation and deflation are not money endogenous phenomena.
And bitcoin is sooo gross, flagrant manipulated !!!
The concentration of Bitcoin wealth among “whale” investors – about 1,000 addresses control 85% of its supply – means they can greatly influence the price by either taking their stash out of circulation by hoarding it, or by pouring more supply in by trading it.
The world finance need a paradigm shift, but encrypted files or gold (standard) are not solutions.
Without monetary policy to mitigate those sharp cyclical peaks and troughs of the free economies, the world is chaos.
Member
- #196
- Edited 7:33am Aug 10, 2019 6:36am | Edited 7:33am
- Joined Dec 2015 | Status: Trader | 14,260 Posts
{quote} Those who hate the Fed and think that we are better off without them might be a little ignorant. But not as bad as the 'audit the Fed' crowd. Anyways, the reason I say that is those economists at the Fed are all very smart, as well as very dedicated. Those guys and girls in charge of monetary policy, they don't cause a crisis. They help either avoid them or get out of one. Yeah, they bailed out the big banks and helped the same characters who put us in the last economic crisis. But that doesn't mean they wanted to. They weighed all factors...
The Fed didn't bailed out the banks, Hutch!
It was the politicians under the siege of the lobbists, those who can assure the politicians' eventual re-election. The core of the corruption lies there.
That's why they keep the Fed from being influenced by the day-to-day vicissitudes of politics, it is not under the direct control of any branch of government.
Nor the Executive, nor the Legislative, nor the Judicial. It's a special institution ...beyond private concept, impossible to understand for teeny anarchists and economic illiterates.
So, we still can have the US separations of powers, the Checks and Balances system...
And that's why the crypto oligarchy will be even worse, much worse!
You say people hate "the change"??? Depends on what sort of change, bud.
When it comes to tear down the government, definitely not, people love change as they love revolutions against the powerful
The logic never matters, because the powerful and the rich are always "guilty" for the average Joe who just lost his job...
It's a long discussion about store of value... but bitcoin at its best can only be a medium of exchange for the real fiat money.
I don't particulary fancy the fiat, is just that they are so fckn REAL and I just can't ignore that.
The world will never adopt bitcoin. This baby was born sick. The numbers doesn't count for the long term.
It's only the blockchain which really matters. Blockchain may have a future.
But post-KYC-era control, encrypted money are like any other digital money and any sane person can demonstrate that very easy today.
.......But the world embraced religion. After all, anything that makes you feel better may become REAL...
...even if bitcoin will consume all the energy from this planet, people will just love it because they killed the Fed dragon !
Member
- #197
- Edited 7:35am Aug 10, 2019 7:00am | Edited 7:35am
- Joined Dec 2015 | Status: Trader | 14,260 Posts
About this post. {quote} I've never heard that either with the exception of Venezuela. There's a lot of stories out there of citizens moving to crypto out of need. It was a lot of people's only option out of their currency that's worthless now. Actually DASH went down there and tried to take advantage of the situation and marketed the hell out of their crypto. It was the most widely adopted at first. Then, the citizens started...
Limited supply in bitcoin by algorithms can't save national economies from bad politics which can lead to bankruptcy, plzzzzzz!
I hope you're not some kind of Maduro fan, are you ?! (jk)
There is no any possible "stability" which can be induced by transforming everything in crypto...
It's all about deflationary effect. The simple plain example is the value of bitcoin in Zimbabwe.
(please study about deflation spiral effect in some inadequate money supply environment, and also about dormant effect on economies without government-led inflation as an economic incentive)
Monetary policy tools are indispensable for the free economies ! Crypto is not suitable for such operations.
Teeny millenyalzz can't have grip on that, but I think you can.
Member
- #198
- Aug 10, 2019 10:02am Aug 10, 2019 10:02am
- Joined Dec 2015 | Status: Trader | 14,260 Posts
Oooh, stability, big word !
Member
- #199
- Aug 12, 2019 3:22am Aug 12, 2019 3:22am
TudorIoan. Did you start a video blog? https://www.youtube.com/watch?v=EUrC...ature=youtu.be
Inserted Video
Oooh, stability, big word !
Or a heart attack. 
(looking for the appropriate emoji for a long)Well, if in general, then I see only one development for Bitcoin.
