probability estimation for price between your amounts....
10%
$100k?
40%
$50k?
25%
$35k?
25%
$1?
USD is plummeting! 2104 SATS
- Thread starter JohnnyDoe
- Start date
- Status
10%
$100k?
40%
$50k?
25%
$35k?
25%
$1?
Everything depends when CBDC's will be implemented but it will be surely above 30k.
People will flee with their money into CURRENT crypto causing parabolic growth once the CBDC's with deep negative interrest rates will be implemented to avoid negative interrest rates where they will be milked in the end by the institutions who have accumulated these before for cheap .
Thats why i guess we will see a final 19k for cheap accumulation.
https://www.imf.org/en/Publications/WP/Issues/2019/04/29/Enabling-Deep-Negative-Rates-A-Guide-46598
People will flee with their money into CURRENT crypto causing parabolic growth once the CBDC's with deep negative interrest rates will be implemented to avoid negative interrest rates where they will be milked in the end by the institutions who have accumulated these before for cheap .
Thats why i guess we will see a final 19k for cheap accumulation.
https://www.imf.org/en/Publications/WP/Issues/2019/04/29/Enabling-Deep-Negative-Rates-A-Guide-46598
Attachments
-
13.webp
37.2 KB · Views: 72
So if I understand you right. Your saying most probably just $50k?
I wold say it depends if Elon Musk tweets something positive or negative smi(&%.
Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
Such a manipulator
Tesla made last year majority of its profit via bitcoin sales 😀 but in my honest opinion its just a show for the dumb crowd thinking Musk caused the pump or dump where in reality big institutions like JPM controls the price and milks traders expecially debtors/margin
🙂 no
I'm saying that if I must use your figures I'd estimate the probabilities of the BTC price being between those two values like this
e.g. there is 40% chance that the price will be somewhere between 50k and 100k by the end of the year
saying nothing less, nothing more
A bunch of people in the internet with following claim when the CBDCs will be introduced (high prob), then "they" will stop and outlaw all private cryptocurrencies. I guess that is the obsession.
The jury is out for me over CDBC's. Worrying is deep negative rates which they can implement like 369 mentioned. I seen articles in the past on talk of creating expiring money 😕, i.e if you don't spend your CDBC within a certain amount of time it expires. Sounds like a dystopia.
https://www.cnbc.com/2021/07/16/jer...digital-dollar-warns-against-stablecoins.html
----- quote start
Carter imagines the CBDC as a “programmable voucher that the Fed could control by twiddling buttons, having total visibility into and control over monetary velocity, making your money expire if not spent within 60 days, completely eliminating disfavorable uses of cash ”“ it's the holy grail for central bankers because it gives them full discretion.”
------ quote end
Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
https://www.cnbc.com/2021/07/16/jer...digital-dollar-warns-against-stablecoins.html
----- quote start
Carter imagines the CBDC as a “programmable voucher that the Fed could control by twiddling buttons, having total visibility into and control over monetary velocity, making your money expire if not spent within 60 days, completely eliminating disfavorable uses of cash ”“ it's the holy grail for central bankers because it gives them full discretion.”
------ quote end
Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
The one thing that is 100% certain is that, with such government intervention, there will be serious unintended consequences. Will such government involvement bring great success or total incompetence?
Past results make the answer very clear. Be sure that you are not one of the wage slaves who pays.
China's digital yuan could challenge the dollar in international trade this decade, fintech expert predicts
https://www.cnbc.com/2022/03/15/can...e-the-dollars-use-in-international-trade.html
--- quote start
China's nascent digital yuan is set to challenge the dollar's domination of international trade settlements in the next decade, according to Richard Turrin, author of “Cashless: China's Digital Currency Revolution.”
“Remember, China is the largest trading country and you're going to see digital yuan slowly supplant the dollar when buying things from China,” Turrin told CNBC's “Squawk Box Asia” on Monday.
“If we go about five to 10 years out, yes the digital yuan can play a significant role in reducing the dollar's usage in international trade,” said Turrin, a former banker who has also worked in fintech.
The drive toward alternative payment systems is likely to come from a desire by nations to reduce their current, “mostly 100%” reliance on the dollar, he said.
“What you're going to see in the future is a rollback, a risk management exercise that seeks to slowly and maybe just slightly reduce the dependence on dollar, from 100% down to 80%, 85%,” he said.
----- quote end
Long term a USD plummet due to competing forces may occur.
Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
So has every other currency in the world. Name one that hasn't. That is like informing us that the sky is blue.
What's your point? 😕
Fiat currency and the Cantillionaire class becoming an increasingly obsolete technology / issue.
That's exactly the point I was trying to make. That it's nothing new and has been happening for 100 years
- Status