Dead cat bounce? 😉
Still 20% return in 24hrs is not bad. I wait 4 years for that sort of return in bond market 🙁
Still 20% return in 24hrs is not bad. I wait 4 years for that sort of return in bond market 🙁
I have the feeling that the bitcoin value is collasping
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from you two wishes... only Tesla is going to die, I wouldn't short BTC and expect it's collapse...
Everything got liquidated to︄ get cash, including Gold. Bitcoin surge will come when the banks start to collapse (if︅ the FED and ECB allows this to happen)
Many whales that I know sold their Btc︇ at 10k and they are waiting to step in again, but seems they are still︈ waiting for another dip
Many whales that I know sold their Btc︇ at 10k and they are waiting to step in again, but seems they are still︈ waiting for another dip
Dont worry, bitcoin is here to stay. People who claim it has no intrinsic value have no idea probably what its like to transfer any amount of money with *fixed fee* across borders without any bureaucracy lol. Or to have a currency that does not depend on any country in particular. If chinese miners back off, there will be plenty of others who will step in
Please don't turn this into a "bitcoin and how to withdraw them" discussion, stick to the topic or the clearner will rung through the thread 🙂
Looks like people don't read what I wrote above or simply ignore what I wrote. Let's try with some more simple.
DON'T POST ANYTHING ELSE THEN WHAT FITS IN THE TOPIC TITLE!
If I have to clean the thread again for posts by the same users I will have to send warning points.
Looks like people don't read what I wrote above or simply ignore what I wrote. Let's try with some more simple.
DON'T POST ANYTHING ELSE THEN WHAT FITS IN THE TOPIC TITLE!
If I have to clean the thread again for posts by the same users I will have to send warning points.
That's a good summary,︊ It also would be worth adding that there is much less real liquidity (in the︋ case of classical stock markets) because on the demand side is for almost 12 years︌ central banks. Bitcoin was in sell-off mode as any assets, it's a sign of panic,︍ but the longterm view is positive for me. Truth is that BTC price is highly︎ manipulated by few hands, but for those who would think that traditional stocks are better,️ I hope that the lesson a few days ago with Trump's fake tweet and 40% rally up and immediately fall was the proof that these manipulations happen everywhere
In truth, Bitcoin is doing pretty︆ well with -4% YTD against -20% of stock markets, but there is a need to︇ see a long term point of view. If you look for short opportunities, you will︈ be burned as others with a similar approach. Smart people said many years ago that︉ crisis will help BTC to go up, but not during the crisis rather after that︊ once new dozens trillion of stimulus land on banks that will have to take a︋ risk for high-risk reward investment once the dust is settled after the crisis. Those who︌ watched the drop of one most liquid market (OIL) about 75% in two months have︍ no more arguments about high volatility. Next positive thing is that people who were scared︎ by the crisis and did not know if BTC will survive will have another proof️ that the train runs further. The inflation of BTC is still high, I personally look forward to seeing BTC price after nine years once three next halving happen and the BTC market will not have to absorb so much money due to high current inflation. At the current price is still like ten million dollars every day
In truth, Bitcoin is doing pretty︆ well with -4% YTD against -20% of stock markets, but there is a need to︇ see a long term point of view. If you look for short opportunities, you will︈ be burned as others with a similar approach. Smart people said many years ago that︉ crisis will help BTC to go up, but not during the crisis rather after that︊ once new dozens trillion of stimulus land on banks that will have to take a︋ risk for high-risk reward investment once the dust is settled after the crisis. Those who︌ watched the drop of one most liquid market (OIL) about 75% in two months have︍ no more arguments about high volatility. Next positive thing is that people who were scared︎ by the crisis and did not know if BTC will survive will have another proof️ that the train runs further. The inflation of BTC is still high, I personally look forward to seeing BTC price after nine years once three next halving happen and the BTC market will not have to absorb so much money due to high current inflation. At the current price is still like ten million dollars every day
You got a lot of faith in︇ that governments i.e US will not choose to ban their banks from dealing with crypto︈ companies or individuals and hence in effect create a global banking ban. For me the︉ risk was too great and I sold BTC at circa $13,000 some years ago as︊ I posted on here. I think if BTC can maintain purchasing power after any potential︋ banking ban then it is credible. If it relies upon being able to be easily︌ converted to fiat then it is not credible no matter how enthusiastic one is about︍ BTC.
I agree that the response to ban would be the breaking point in terms of future︀ of crypto
I believe (and bet on it heavily) that it would survive since the︁ ban would be a result of a real trouble in fiat system - hence great︂ opportunity for crypto to prosper
last days clearly show that gold and crypto behave very︃ similar - gold is more stable and mature instrument while crypto is much much more︄ flexible and powerful to take over
at least you can buy crypto at the moment︅ - you can't tell the same about physical gold in Europe at the moment 🙂
I believe (and bet on it heavily) that it would survive since the︁ ban would be a result of a real trouble in fiat system - hence great︂ opportunity for crypto to prosper
last days clearly show that gold and crypto behave very︃ similar - gold is more stable and mature instrument while crypto is much much more︄ flexible and powerful to take over
at least you can buy crypto at the moment︅ - you can't tell the same about physical gold in Europe at the moment 🙂
That's very true - buying physical gold I think I mentioned before somewhere is going to be seen as a potential money laundering event in Europe sooner rather than later. Banks already list companies dealing in precious metals as a high risk activity so chances are buying and personally holding the physical metal will also be viewed in such a light also.
Anyway the system is broken and broke also. I look forward to the watershed moment to see if BTC floats or sinks without fiat convertibility (fiat convertibility banking wise). If BTC floats then its pretty much the end of government control of financial︀ system in its present form. Anyone who transferred their wealth into BTC would then be︁ free I guess. I can't see governments allowing this situation to occur sadly. Leaders of︂ countries disappear for merely suggesting moving away from selling oil in dollars so I actually︃ would like to see what would happen if BTC succeeds ca#"!.
Anyway the system is broken and broke also. I look forward to the watershed moment to see if BTC floats or sinks without fiat convertibility (fiat convertibility banking wise). If BTC floats then its pretty much the end of government control of financial︀ system in its present form. Anyone who transferred their wealth into BTC would then be︁ free I guess. I can't see governments allowing this situation to occur sadly. Leaders of︂ countries disappear for merely suggesting moving away from selling oil in dollars so I actually︃ would like to see what would happen if BTC succeeds ca#"!.
Uhm... this is a very interesting situation in terms of game theory. If all countries cooperated and decided to ban Bitcoin unilaterally, then there is no chance and no future for it.
However, is that realistically going to happen? My guess is not.
Countries often dislike each other, they have different interests and you can see that in other aspects of life
- one state bans marihuana, the neighbouring one makes it legal
- one state bans gambling, the neighbouring state builds casinos on the border to attract citizens
- one︀ country sets high taxes, neighbouring microstate markets itself as a haven for tax refugees from︁ the former country...
I like this quote by Stanley Kubrick:
The great nations have always︂ acted like gangsters, and the small nations like prostitutes.
Iran? I'm not saying anything︅ but I must admit that when countries get into disagreements with USA or with Saudis,︆ strange things sometimes happen...
However, is that realistically going to happen? My guess is not.
Countries often dislike each other, they have different interests and you can see that in other aspects of life
- one state bans marihuana, the neighbouring one makes it legal
- one state bans gambling, the neighbouring state builds casinos on the border to attract citizens
- one︀ country sets high taxes, neighbouring microstate markets itself as a haven for tax refugees from︁ the former country...
I like this quote by Stanley Kubrick:
The great nations have always︂ acted like gangsters, and the small nations like prostitutes.
Iran? I'm not saying anything︅ but I must admit that when countries get into disagreements with USA or with Saudis,︆ strange things sometimes happen...
great point - luckily for all of us between countries there is almost capitalism and︃ the most free (not truly though) market on the planet - this is a surprisingly︄ powerful fact
and yes, there are powerful violent bastards (no need to name) that have︅ means to (not only) threaten to others...
and yes, there are powerful violent bastards (no need to name) that have︅ means to (not only) threaten to others...
It actually only requires the US alone to ban it. The cascading regulatory effect will force every bank in the world that deals in USD to also ban it automatically. Correspondence banking relationships in USD require all banks that want to use USD to follow US blacklist, sanctions, restrictions and rules as the money passes and settles ultimately via New York Fed and hence US has domain over︀ all USD transactions globally. No international bank in the world will want to be cut︁ off from USD or even be put on US blacklist.
Just watch if tomorrow US︂ says bitcoin is banned. Every bank operating in USD will ban it also. They have︃ no choice. No bank wants to end up like BOV in Malta having to use︄ an indirect relationship to get access to USD via Raiffeisen bank in Austria....lol.
Iraq, Libya both︇ tried to move away from dollar and it didn't end well. Iraq even asked US︈ soldiers to leave Iraq recently after killing of Iranian General but US blackmailed them saying︉ they will be shut out of dollar and all went silent 😕.
https://www.wsj.com/articles/u-s-wa...k-account-if-troops-told-to-leave-11578759629
You got︊ to de-dollarize in silence like Russia is doing i.e offload your US Treasuries and smile︋ in Trumps face but laugh behind his back...no open confrontation 😉. These US guys don't︌ play fair. They will terrorise your financial system if you don't do what they say...lol....ask︍ Turkey.
Just watch if tomorrow US︂ says bitcoin is banned. Every bank operating in USD will ban it also. They have︃ no choice. No bank wants to end up like BOV in Malta having to use︄ an indirect relationship to get access to USD via Raiffeisen bank in Austria....lol.
Iraq, Libya both︇ tried to move away from dollar and it didn't end well. Iraq even asked US︈ soldiers to leave Iraq recently after killing of Iranian General but US blackmailed them saying︉ they will be shut out of dollar and all went silent 😕.
https://www.wsj.com/articles/u-s-wa...k-account-if-troops-told-to-leave-11578759629
You got︊ to de-dollarize in silence like Russia is doing i.e offload your US Treasuries and smile︋ in Trumps face but laugh behind his back...no open confrontation 😉. These US guys don't︌ play fair. They will terrorise your financial system if you don't do what they say...lol....ask︍ Turkey.
Already in the middle of the gold collapse, it was known that lots of investors had to meet margin calls on their Lombard loans. As for the physical gold/paper gold premium, three of the four big Swiss refineries had to close due to coronavirus. The markup will disappear over time, but I do enjoy seeing bullion trading way over paper.
I suspect the story with bitcoin's hard fall is very similar: Some traders took leveraged long positions in order︀ to profit on the coming halving. They got burned badly. Also, hedge fund participation in︁ bitcoin has grown a lot in recent years. When the price goes down, those guys︂ don't HODL, but cut their losses - even go short.
A very good point. It is about 37︇ days to halving, and in this time bitcoin will inflate by 460M USD. If miners︈ would sell all their coins, that amount of money would be needed for bitcoin just︉ to maintain this price level. At the current 124 billion market cap, bitcoin is still︊ too small for many institutional investors. At 1 trillion market cap, bitcoin would be both︋ more useful/liquid, and perhaps less likely to get banned.
Stopping the World economy for months︌ will lead into a serious solvency crisis for companies and countries. In case the US︍ dollar strengthens, the doomsday might arrive very fast. There are not many assets that are︎ independent of the financial system. In case we end up with e.g. a debt jubilee,️ governments will try to close all exits before the haircuts begin.
I suspect the story with bitcoin's hard fall is very similar: Some traders took leveraged long positions in order︀ to profit on the coming halving. They got burned badly. Also, hedge fund participation in︁ bitcoin has grown a lot in recent years. When the price goes down, those guys︂ don't HODL, but cut their losses - even go short.
A very good point. It is about 37︇ days to halving, and in this time bitcoin will inflate by 460M USD. If miners︈ would sell all their coins, that amount of money would be needed for bitcoin just︉ to maintain this price level. At the current 124 billion market cap, bitcoin is still︊ too small for many institutional investors. At 1 trillion market cap, bitcoin would be both︋ more useful/liquid, and perhaps less likely to get banned.
Stopping the World economy for months︌ will lead into a serious solvency crisis for companies and countries. In case the US︍ dollar strengthens, the doomsday might arrive very fast. There are not many assets that are︎ independent of the financial system. In case we end up with e.g. a debt jubilee,️ governments will try to close all exits before the haircuts begin.
You can create an IOU pegged to Bitcoin Price. Some Investments banks trying︄ to offer this to BTC desperate clients based on reports. But one thing is certain,︅ no one can prevent price crash caused by Gov actions.
BTC will die. Central Bank︆ Coins going to pop up near soon.
BTC will die. Central Bank︆ Coins going to pop up near soon.
BTC might be beneficial to the plans of US (hell,︊ who knows maybe US gov itself made BTC). If it has not been banned so︋ far, they likely wont ban it in the next future. The very fact that Bakkt︌ exists might be considered proof that US elites are positive with BTC
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