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Honorable Bitcoin

  • #861
  • May 27, 2021 2:01pm May 27, 2021 2:01pm
Quoting Tsar
Analysts Set The Worst Price Target for Bitcoin Down to $15k {image} In a recent post on Biotech Valley insights, analysts predicted that Bitcoin will fall 50% from its 65K top in the last three weeks. During the upcoming weeks, their next target price for Bitcoin is 15K-20K. The party is certainly over, and investors should consider selling or shorting Bitcoin-related assets....
i think 10-11k is the final bearish target then party will begin again
  • #862
  • May 28, 2021 1:03am May 28, 2021 1:03am
Read "the future of bitcoin as an alternative digital currency may be at stake due to trusty CBDC"

It's all about e-cash, guys. E-cash is like any other fkn regular cash we use to know, except only it's digital...
That also means no "third party" when you use them.
It's safe.
Both CBDCs and crypto are trusty or trustless.
It's freedom.

But CBDCs are much more trusted since they are backed by national economies ...and by the essential concept of sovereignty.

So why would you need bitcoin ?
Why would you need another interface money for the real money ? Hundreds of other little crypto !!
Why would you need another medium of exchange along with the original medium of exchange ?
Just to complicate things ? Just for a fancy up-to-date look ?
Just to pretend you're smart, trendy and innovative ???

Useless?...well, yes, of course, except for the new platforms that are the equivalent of darkweb.
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  • #863
  • May 28, 2021 4:10am May 28, 2021 4:10am
Bitcoin Drops to $36,570 As Bank of Japan Governor Joins Central Bankers on Criticizing BTC

Contents

  1. Kuroda joins the BTC criticism of the Fed, ECB and BoE
  2. Recent Bitcoin roller coaster

Earlier today, the price of the flagship digital currency slid to the $36,500 level from the $38,303 zone.

Bloomberg has reported that the governor of the Bank of Japan, Haruhiko Kuroda, has joined the "chorus of central bankers" in slamming Bitcoin as it has been plummeting after a massive surge over the past couple of months.


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https://u.today
Always looking the GREAT, never left GOOD Point...
  • #864
  • May 28, 2021 11:48pm May 28, 2021 11:48pm
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Always looking the GREAT, never left GOOD Point...
  • #865
  • May 28, 2021 11:52pm May 28, 2021 11:52pm
Quoting Tsar
Biden to Propose $6 Trillion Budget to Boost Middle Class and Infrastructure The president’s plans to invest in infrastructure, education, health care and more would push federal spending to its highest sustained levels since World War II. {image} https://www.nytimes.com

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Always looking the GREAT, never left GOOD Point...
  • #866
  • May 31, 2021 2:22am May 31, 2021 2:22am
Quoting Tsar
{quote} {image}
Hehehe, whether you like it or not, the monetary system has underpinned modern economies for 250 years, by pulling levers in order to create stability.

On the other hand, losers, radicals and half-learned advocate for something such as a laissez-faire type of economy. Like no rules, no regulations, except for supply&demand only. Or the other extreme, socialism with multiple faces.
In their agony, probabily those losers believe they would do better in some sort of total jungle or total control type of economy. But they only need to blame on someone for their failure. Blaming the current system is the most convenient. Or they just have stopped evolving at 16 and still have a problem with authority (smarties like NKPMG, foto, mintgary, gat, sydhujag, dingo-dango, bones, ...all those dumb, half-learned, stick up ass radicals)
Even if supply&demand and extreme competition seems very simple, fair and clean, a totally "free" economy would create huge monopolies, oligarchies, mafia, and therefore huge differences between rich and poor, ...huge gaps way much wider than we can see today.
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  • #867
  • Jun 8, 2021 6:47am Jun 8, 2021 6:47am
Quoting Tsar
{quote} {image}
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Always looking the GREAT, never left GOOD Point...
  • #868
  • Jun 8, 2021 6:53am Jun 8, 2021 6:53am
White House Advisor Holds Over $1M in Bitcoin:

Famous for coining the term “net neutrality,” U.S. government advisor Tim Wu holds investments in cryptocurrencies.

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Key Takeaways

  1. Tim Wu, a member of the National Economic Council in the U.S., holds Bitcoin and Filecoin.
  2. His financials revealed that his cryptocurrency investments account for more than 25% of his assets.
  3. Tim Wu serves as a special assistant to President Biden on technology and competition policy.


https://cryptobriefing.com

Always looking the GREAT, never left GOOD Point...
  • #869
  • Jun 9, 2021 1:16am Jun 9, 2021 1:16am
Quoting Tsar
{quote} {image}
Your source forgot to mention the economic expansion next to that dollar chart and the finacial stability provided by monetary policy.
Who cares about the fall of the dollar ? Did your grandfather had a suitcase with dollars that he kept in the basement ? That's too bad for him, he shoud invest.
People who still believe this crap about the dollar, are either stupid losers, finacial illiterates or political agitators.

Oh, BTW, if is so weak, why they hate the dollar so much then ? (China, Rusia...)
Member
  • #870
  • Edited 2:09am Jun 9, 2021 1:55am | Edited 2:09am
Quoting Tsar
White House Advisor Holds Over $1M in Bitcoin: Famous for coining the term “net neutrality,” U.S. government advisor Tim Wu holds investments in cryptocurrencies. {image} Key Takeaways Tim Wu, a member of the National Economic Council in the U.S., holds Bitcoin and Filecoin. His financials revealed that his cryptocurrency investments account for more than 25% of his assets. Tim Wu serves as a special assistant to President Biden on technology and competition policy. https://cryptobriefing.com...
It's a free world out there, buddy ! Any moron can hold any crap he fancy !
Member
  • #871
  • Edited 4:29am Jun 10, 2021 4:11am | Edited 4:29am
Ok, bitcoin as digital gold gains more and more acceptance.
Sure, because blockchain techology makes it even solid than physical gold.

But bitcoin as money is way too slow. Off-chain bitcoin versions to improve speed are vulnerable.
At least the internet base is sound.
So, gold it is ! Heavy and slow. Not money. But good enough as gold. Digital gold.

Ooooone big, big issue. CHINA !!
Bitcoin centralization.
There are a few mining pools in control for the most of the network.
There are four miners in China that controls much more than 51% of bitcoin !!
And China is at open war with the US dollar. China can even fake decentralization, ...spreading addresses tactic.
But nobody is that stupid to believe that China will give up control bitcoin.

That makes birtcoin political. That makes birtcoin unsafe.

In the currency war, to exert influence in a foreign country where bitcoin is in use, China may aim to weaken or even totally destroy bitcoin.
This could be done by targeting specific users or miners for attack or by generally weakening consensus to increase volatility to a breaking point.

That's bitcoin weaponization.

...digital gold is not safe after all ! ...how could it be ? ...it belongs to China
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  • #872
  • Jun 17, 2021 4:00am Jun 17, 2021 4:00am
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Always looking the GREAT, never left GOOD Point...
  • #873
  • Jun 17, 2021 4:21am Jun 17, 2021 4:21am
Why Central Banks Want To Get Into Digital Currencies

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Always looking the GREAT, never left GOOD Point...
  • #874
  • Jun 17, 2021 7:32pm Jun 17, 2021 7:32pm
Quoting Tsar
{image}
The response of 'the little guy' to the evolution of BTC as an asset can be seen in the supply distribution.

Entities with < 1BTC (sat stackers) almost own 5% of the supply and have accumulated in four accelerating phases.

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Always looking the GREAT, never left GOOD Point...
  • #875
  • Jun 18, 2021 12:50am Jun 18, 2021 12:50am
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  • #876
  • Jun 18, 2021 10:38pm Jun 18, 2021 10:38pm
Quoting Tsar
{quote} {image}
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Always looking the GREAT, never left GOOD Point...
  • #877
  • Jun 18, 2021 10:55pm Jun 18, 2021 10:55pm
Quoting Tsar
The Digital Dollar is a Possibility According to the Fed The rising popularity of cryptocurrencies is a clear sign that they will be the future of the global monetary systems. The benefits that they offer are far too good for governments to ignore, thus reports that some governments in multiple countries are exploring the idea of central bank-backed digital currencies. Jan Hatzius, a Goldman Sachs analyst, is convinced that the U.S Federal Reserve will likely roll out its digital currency, although he expects it to be a slow rollout. Hatzius noted...

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Always looking the GREAT, never left GOOD Point...
  • #878
  • Jun 21, 2021 3:57am Jun 21, 2021 3:57am
Go, China! Tough one
So, China eventually figured out that bitcoin's untraceability is toxic and favors fraud, tax evasion and money laundering ...and this is fkn unacceptable for a respectable totalitarian state
It's funny how they thought at first it can ONLY destroy US dollar's supremacy
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  • #879
  • Jul 8, 2021 1:49am Jul 8, 2021 1:49am
Oh, finally !
At least that much they get from the Great Recession of 2008 ...any attractive like too good to be true digital trash means danger !
Stable crypto crap means unstable for the real finance ...good job, China !
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  • #880
  • Jul 8, 2021 1:56pm Jul 8, 2021 1:56pm
Quoting TudorIoan
Oh, finally ! At least that much they get from the Great Recession of 2008 ...any attractive like too good to be true digital trash means danger ! Stable crypto crap means unstable for the real finance ...good job, China ! {image}
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