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Started By
Message
re: It’s time to revisit Bitcoin potential. Where do you think it’s going?
Posted on 2/14/21 at 8:00 am to Gpfather
Posted on 2/14/21 at 8:00 am to Gpfather
quote:
USD is printed at will with no backing. 20-25% of circulating USD was printed in 2020.
If true, that’s a terrifying thought. Cash is a rapidly depreciating asset.
This post was edited on 2/14/21 at 8:05 am
2
Posted on 2/14/21 at 8:11 am to Nguyener
It’s absolutely true - most people don’t care to look or consider the consequences of it though.
M2 Money Supply chart
M2 Money Supply chart
Posted on 2/14/21 at 9:02 am to Nguyener
Completely true and the main reason why real inflation is currently way higher than the dumb CPI calculation
Posted on 2/14/21 at 9:07 am to wileyjones
quote:The feds could still inflate their coin just like they do to the USD now
The point is everyday people won’t use Bitcoin once fedcoin is mainstream and the government forces Bitcoin out.
Posted on 2/14/21 at 9:27 am to jimbeam
Yea I don’t understand the whole “fed coin will kill bitcoin” nonsense. The whole reason people believe in bitcoin is due to its deflationary aspect and decentralization. Central bank coins will be neither.
In reality, central banks moving to a digital money is awful for the citizenry because at least now you have some level of anonymity when using cash. That gets removed when it’s a completely cashless society. And the digital money offers no benefit to the population more so than they have today.
In reality, central banks moving to a digital money is awful for the citizenry because at least now you have some level of anonymity when using cash. That gets removed when it’s a completely cashless society. And the digital money offers no benefit to the population more so than they have today.
This post was edited on 2/14/21 at 9:28 am
Posted on 2/14/21 at 9:33 am to TigerTatorTots
Bingo
i
n
g
o
i
n
g
o
This post was edited on 2/14/21 at 9:33 am
Posted on 2/14/21 at 9:33 am to TigerTatorTots
quote:
Completely true and the main reason why real inflation is currently way higher than the dumb CPI calculation
These discussions are always hilarious on here. There are about three people on this board who understand economics, and the rest of you spew embarrassingly ignorant takes constantly.
Posted on 2/14/21 at 9:33 am to wileyjones
quote:
the government forces Bitcoin out.
the exact opposite will happen
Posted on 2/14/21 at 9:36 am to jimbeam
quote:
feds could still inflate their coin just like they do to the USD now
the us Treasury already owns 70,000 bitcoin, beyond that, they'd enjoy nothing more than for cryptos, which are traceable, to explode in price so they can continue to tax the hell out of us.
Posted on 2/14/21 at 9:52 am to MusclesofBrussels
Cool, so you saying inflation is 2% right now?
Posted on 2/14/21 at 6:31 pm to TigerTatorTots
quote:
In reality, central banks moving to a digital money is awful for the citizenry because at least now you have some level of anonymity when using cash. That gets removed when it’s a completely cashless society. And the digital money offers no benefit to the population more so than they have today.
This is the real deal, right here.
Banker coins with open ledgers and high fees have no practical advantage over the current system. Banks love it though.
Posted on 2/14/21 at 8:01 pm to 13SaintTiger
This year? At least $150,000. I think the high will be in the low $200,000's. Bull run to continue into next year. The 4 year pattern will be broken this year.
Posted on 2/14/21 at 8:22 pm to 98eagle
quote:
At some point people will talk alot more about buying Satoshis and less about buying Bitcoin.
Correct, because one WHOLE Bitcoin is unobtainable for the majority of the population at this time and will be more so as it goes into 6 figure range. One Bitcoun is 100 million units or Satoshis. Folks will be happy to afford 50,000 Satoshis (0.00050000 BTC) in the future, which may be worth in the thousands of dollars.
Posted on 2/14/21 at 8:31 pm to rocket31
Coming down tonight, where is the good entry here for a believer?
Posted on 2/14/21 at 8:34 pm to down time
quote:for a believer, any point is good entry.
for a believer?
Posted on 2/14/21 at 8:37 pm to castorinho
Posted on 2/14/21 at 9:37 pm to down time
quote:WEll if you are a believer, you think its going $100k+. So that means it doesn't matter if you enter now or at a 15% pullback. Won't matter. Buy now
Coming down tonight, where is the good entry here for a believer?
This post was edited on 2/15/21 at 12:58 pm
Posted on 2/14/21 at 10:31 pm to jimbeam
quote:
I hold .25 BTC
baller
Makes me sick but I have 25+ shares. Didn’t write down the code in 2011 and Dominos didn’t really take it (only a couple in Canada). Was just trying to creatively buy a couple pizzas. Was nearly 1:1.
Yes, phone wiped too - gave to niece.
Posted on 2/17/21 at 11:16 pm to down time
quote:Well did you get in?
Coming down tonight, where is the good entry here for a believer?
Posted on 2/18/21 at 12:36 am to MusclesofBrussels
quote:
These discussions are always hilarious on here. There are about three people on this board who understand economics, and the rest of you spew embarrassingly ignorant takes constantly.
Mr Economics 101 right here. So your net worth should be nothing short of a billion right? GTFOH!
BTC to the moon!!
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