The future of Bitcoin/a place for discussion

Ok, thread open to everyone.

https://cointelegraph.com/news/how-c...-elite-owns-us

A link promoting benefits of Bitcoin.
Freedom from Central Bank interference and control.

I heard a silly joke that Banks have no power or control over us


I was left thinking he hid out in the desert like Charles Manson.
A gangleader waiting for the oppressed people to rise up, so he could be their leader against the government, police, army

"This music (bitcoin), is bringing on the revolution, the unorganized overthrow of the establishment,” NOT-KPMG told the FF website in 2020


More later, got to go

https://cointelegraph.com/news/how-c...-elite-owns-us

The last section from the link above

The global elite only dominates us because we allow them to dominate us. We now have globally accepted secure decentralized alternatives available so we don’t have to be enslaved by imaginary debt anymore, which just like the central banks has been imposed on all of us.

Wrong.

The global elite dominate us, because we have no choice.

As long as media controls information, politicians and parties are corrupt, and sleep with the bankers (or in bed ), and make laws to favour those who control currency, we are left to simply play their game.

This should not depress us, we can still be creative and have our own business, trade, make money, go on lots of holidays, move to another country, live on a hippy farm if you want and grow your own food, build your own house out of sticks or what ever.

We have lots of choice.

But, our choices will be limited to damage it will do to banking power.

Too much damage?
Choice taken away.

More later, just absorb that for a while.

Ok, from another thread.

commissioner, Mr. president, I rise again, I'm afraid to make the same old hoary speech here for several years, and that it is: It is my opinion that you do not really understand the concept of banking. All the banks are broke, ... Bank Santander, Deutsche Bank, Royal Bank of Scotland – they are all broke. And why are they broke? It isn't an act of god, it isn't some sort of tsunami, they are broke because we have a system called 'fractional-reserve banking', which means that banks can lend money that they don't actually have. It's a criminal scandal and it's being going on for too long. To add to that problem, you have moral hazard, a very significant moral hazard from the policital sphere. And most of the problems starts in politics and central banks, which are part of the same political system. We have counterfeiting, sometimes called 'quantitative easing', but counterfeiting by any other name: The artificial printing of money, which of any ordinary person did, they would go to prison for a very long time. And yet governments and central banks do it all the time.

Central banks repress the amount of interest rates, also we don't have the real cost of money and yet we blame the retail banks for manipulating LIBOR. The sheer effrontery of this is quite astonishing. It's central banks. It's central banks, that manipulate interest rates, commissioner. And plus underneath all this we talk loosely, in a rather cavalier-fashion do we not, about deposit guarantees. So when banks go broke through their own incompetence and chicanery, the tax-payer picks up the tab! It's theft from the tax-payer. And until we start sending bankers, and I include central-bankers and politicians, to prison for this outrage, it will continue!

Here is a link to the video.
https://www.reddit.com/r/Bitcoin/com...verybody_knew/

The guy who made this post in the other thread doesn't know that what he is posting, is promoting the idea and concept that I am trying to get across about banks, power and control.

The speech was made a few years ago and he said he has been saying these things for a long time.
Bankers should be in jail for printing money, for enslaving tax payers to pick up the cost.
He tells us central banks control interest rates, they control money supply.

These things are all true

BUT, even with this obvious talk, things we all know,
Bankers are still free, not living off bread and water in a cell and making new friends inside


Why is this so???

We need to Think THEN type

not the the other way around ok

Oh boy, this the funniest text (bottom of post), also from a link in another thread.
It should be a meme

The first part is right

The last part is wrong

Here, a video from long ago.


Can you count?
Can you dig it?
Can you dig it?

We can rule the streets

We got the Bitcoin, right next to the Ethereum.
We got the Ripple, alongside the Litecoin
We got the Stella's, joining up with the Cardano's.


Can you dig it?

I'm laughing so hard now, sorry if I type wrong words.

Ok,
Joe Bloggs the banker go onto the bitcoin train at $500
Well done Joe, you're now laughing all the way home to the bank.

Now, we play a little simulation.

Joe: Hey guys, you won't believe it, I cashed in my bitcoin at $20K and pocketed $40M.

Guys (other bankers): That's great Joe, nice work, we did the same, a good little money earner.

Joe: Yeah. Hey guys, I got an idea. What about we talk up bitcoin, and keep buying dips? If this thing takes off and replaces all the money that we are printing, well be filthy rich, billionaires.

Guys: we are already billionaires Joe, many, many, many times over.

Joe: yeah, but if we get some of those greedy politicians to support bitcoin, the sky is the limit.

Guys: Joe, why create a limit? Right now, controlling interest rates, being able to loan and earn interest on money we don't have, and manipulate markets, we are already drowning in profits, and will continue to. The sky is not a limit, there is no limit.

Joe: guys, but this bitcoin is good for everyone. Even the normal guy in the street can get rich.

Guys: exactly Joe. We spread wealth around, we become vulnerable. We keep it to ourselves, and keep others as working class slaves, we keep control.
Understand Joe?

Joe: Hmmmm...

Guys: How much you make last year with our free money, manipulating markets, front running interest rate decisions and all these things?

Joe: $5Billion.

Guys: there you go, dont keep telliing us about a classy $40M yoy made on bitcoin.
Joe, remember that GFC meeting we had back years ago in 2008?

Joe: Which one.

Guys: The one where we decided that investing in Wal-Mart and high end luxury items were good money makers for us?

Joe: Oh, I remember. Why was that?

Guys: The GFC we created, managed to take money from the poor/average earners like teachers, construction workers and these people, and give it to the Super rich like us.

We got huge commissions selling stinky mortgages.
We then use bailout money for saving the companies, and paid ourselves fat bonuses with it instead.

Remember that Joe.

Joe: that was a good trick wasn't it.

Guys: It was Joe. It sent more of the slave people to Wal-Mart, and more of the Super rich to the jewellery store.
Now, don't talk anymore about bitcoin and spreading wealth ok, our powerful English and Jewish masters don't like it.
We are working on something right now to keep control, so go back to sleepy time Joe.

So some will think, but we got bitcoin, we are free from bankers, central banks, inflation type tax, interest rate manipulation.
We rule finance streets.

No, you are a Guinea Pig for a greater experiment.

An experiment started by private man/organisation, and you are liking the crypto sun shining on your face.

You like the privacy, sense of control, no physical money in existence.

Bankers hope you like it, they are warming you up like a frog in water slowly boiling.

When the time is right, bitcoin will be no more and your system of transaction will be transferred to sovereign currency issuers (central bank).
But now, things are much worse for you

With no cash to withdraw, no physical money keep under the mattress or in your wallet, you are vulnerable.

When house of QE cards come down, when debts are piled up, and to big to fails (including governments) fail, you will be called upon again to do your tax payer duty.

Pay the debt.

Austerity will be introduced, and limits placed on spending.
With only digital currency and transactions in existence, banks have total control.

You will reach for your wallet, look under the mattress, like a habit of long ago, and nothing is seen there.

But it's ok, crypto is your friend.

For now.

Hi buddy! What is the purpose of this thread ?

To talk in some way about future of bitcoin.

Sure, obviously. Do you think this is useful in trading ? How ?

1. Bitcoin is just a computer code and people bet on it only because other people say it worth someting!
That's the whole business. They put money in because other people put money in.
And that's the real value of bitcoin, namely the sum of the bets in real dollars. Real dollars of the miners, exchanges, users.

2. Cryptocurrencies have given rise to an entire new criminal industry, comprising unregulated offshore exchanges, paid propagandists, and an army of scammers looking to fleece retail investors.

Considering the above, in my opinion I think bitcoin is nothing more than another sort of tulip bulby bubble
So the higher bitcoin goes, the worse the crash will get !

I hope that can help traders. Bulls must be careful...

As you say above, bulls must be careful.
But, need to lay some footing of understanding.

The value of something when used for purchasing is only supported by those who want to use it. This is true of many things including multi level marketing.
But that does not mean it's not valid.
For anything to have value, people must want it. This is clear supply and demand mechanism.
There is no such thing as an absolute when comes to value.
If I take my watch to a dealer and he says it's worth $500, then I take it to a person I know and he gives me $700, then value to them is $700. Someone else maybe $400.

My point, is not to talk about value, but the future. Not-kpmg says bitcoin to $100K this year .

I'm sorry, but people need to know some facts before they buy and keep position open until it reaches $100K.

It is like the billionaire guy who bought shares in a bank during GFC. He spent all his money and even borrowed money to buy these shares. The share price was falling like a stone and he thought he was buying cheap. Then bank was on brink of collapse and became nationalised.

He lost EVERYTHING and ended up in enormous debt due to money borrowed. I felt sorry for his kids who would have inherited so much. But not now. Can you imagine?

I believe currencies will go digital with no cash, but not bitcoin. Sovereign currency and central banks will inherit and use to their favour, the love of digital currency by people.

This is how things happen.

OMGOSH,
Now I am reading in another thread, the silly idea that the next bitcoin halving is not priced in

If market can price in interest rates rises or falls that are not 100% known in advance
you think the bitcoin halving which is known in advance, will not be priced in by traders looking for a good price and pushing the market up??

What planet of lunacy is this?

I think some are deluded by their blind desire to see BTCUSD skyrocket, and will post whatever information to support that idea, whether it makes any sense as truth or not.

This is why I have this thread, truth and sense needs to be made known.

https://www.euromoney.com/article/b1...over-the-world

From link above:
Once central bank digital currency supplants physical cash, then governments could have the power – if not the legal right in many countries – to view and even control and censor who can use their own money - Meltem Demirors, CoinShares.

News item tells us a lot about the changing attitudes of central banks towards digital currencies.

Well, the free market can pump and dump just about anything. Doggy doo and bullshit included.
Please review the Tulipmania and come back with your opinion !

I know about tulipmania.
I called it this I think before becoming a member

Good education about bitcoin here.
Some of the things I have talked about before.

https://www.moneycrashers.com/bitcoi...rks-pros-cons/

We can sleep or wake up.
I will come back later or another day to make comments, to much to do right now.

Bitcoin dropped about 5% yesterday,
Stocks about 4%

Everybody is aware of the stock bubble. It's meant to fall ...sometime. Exactly when, is the million dollar question.

It's funny though how they keep "predicting" the crash since 2014 !! The moment will happen all the crypto silly dogs will bark: we told ya, we told ya, we told ya ! They're probabily proud of their power of prediction
Fkn pathetic

Anyway, the chart shows clearly that the bitcoin is totally inert at global risk. So much for the "crypto safe-haven"

Yes there is only so much stocks can rise without significant correction.
It's a safe investment for the longer term and significant long term.

Not like bitcoin.

Even if some temporary corrections, stocks are safer investment than bitcoin because they represent something meaningful, The Economy.
Bitcoin it's just a computer code that some people gossip it means "something" ...like the hate against the current banking system, well, that's something