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Message
re: Why is Bitcoin soaring?
Posted on 2/29/24 at 8:10 am to SlidellCajun
Posted on 2/29/24 at 8:10 am to SlidellCajun
Dimon didn't endorse Bitcoin.
Just take a look at tether's supposed market cap in this pump cycle
Just take a look at tether's supposed market cap in this pump cycle
0
Posted on 2/29/24 at 8:26 am to SlidellCajun
quote:
Can you post his actual comments?
quote:
Bitcoin does nothing, JPMorgan Chase CEO Jamie Dimon said Wednesday on the sidelines of the World Economic Forum.
quote:
“I call it the pet rock,” Dimon said.
quote:
The bank chief said in 2021 at peak crypto valuations that bitcoin was “worthless,” and he doubled down on that sentiment last year in Davos when he told CNBC that the digital currency was a “hyped-up fraud.”
quote:
he added that there were real use cases for the virtual coin, which included upward of $100 billion a year caught up in fraud, tax avoidance and sex trafficking. “I defend your right to do bitcoin,” Dimon added, saying, “I don’t want to tell you what to do. So my personal advice would be don’t get involved. … But it’s a free country.”
quote:
Dimon added. “But you know this is what makes a market. People have opinions, and this is the last time I’m ever going to state my opinion.”
CNBC From Jan 2024
Seems pretty clear to me
Posted on 2/29/24 at 8:33 am to SlidellCajun
quote:
Why is Bitcoin soaring?
Rich men like to use it for hard to get escorts.
Posted on 2/29/24 at 10:16 am to UltimaParadox
quote:
Seems pretty clear to me
Dimon has been a vocal critic of Bitcoin. That’s well established for anyone that pays attention to what he has to say.
My request was to Ohio who commented that the rise in price was to do with Dimon’s endorsement of bitcoin.
Where has he said that he endorses it?
Posted on 2/29/24 at 10:19 am to LSUregit
quote:
He says that he regrets calling Bitcoin a Fruad.
Can you post the actual quote?
Posted on 2/29/24 at 10:23 am to SlidellCajun
The problem you have is that no matter how many times someone says Bitcoin is not a currency, you still view it as a currency. Until you learn to let that media labeled term go, you will have trouble grasping it.
Posted on 2/29/24 at 10:39 am to SlidellCajun
People learning the technology and what it means for mankind which is increasing buying.
Posted on 2/29/24 at 10:47 am to TigerTatorTots
quote:
The problem you have is that no matter how many times someone says Bitcoin is not a currency, you still view it as a currency. Until you learn to let that media labeled term go, you will have trouble grasping it.
I still think this is where we end up. However, back to your point...
All someone has to do is read "The Bitcoin Standard".
There is a perfect correlation with people who "get" Bitcoin and hold some with those who have read the book.
I have yet to meet one person who has read the book who is a Bitcoin critic.
It takes time, energy and a child like curiosity to understand what the hell it is.
Posted on 2/29/24 at 11:00 am to damnlambert
quote:
There were more individual trades in BTC ETFs yesterday than SPY. Keep in mind this is before options..
I assume this was just SPY and not all S&P 500 ETFs, but still impressive.
Posted on 2/29/24 at 11:24 am to I Love Bama
quote:
I still think this is where we end up. However, back to your point...
All someone has to do is read "The Bitcoin Standard".
There is a perfect correlation with people who "get" Bitcoin and hold some with those who have read the book.
I have yet to meet one person who has read the book who is a Bitcoin critic.
It takes time, energy and a child like curiosity to understand what the hell it is.
aka, proof of work
Posted on 2/29/24 at 11:48 am to SlidellCajun
A lot of folks who cannot afford to lose money are going to get mopped up if they are in this too deep.
frick sharks, watch for the whales.
frick sharks, watch for the whales.
Posted on 2/29/24 at 12:28 pm to TigerTatorTots
quote:
The problem you have is that no matter how many times someone says Bitcoin is not a currency, you still view it as a currency.
lol
Of course I view it as a crypto currency. Why wouldn’t I?
Posted on 2/29/24 at 12:40 pm to SlidellCajun
quote:Because it isn't? Because the creator of it never mentioned it as a currency?
Of course I view it as a crypto currency. Why wouldn’t I?
Why would you? What makes you think it is a currency?
Posted on 2/29/24 at 2:30 pm to SlidellCajun
After all this time, I still cant go to my local grocery store and use it for purchases.
Posted on 2/29/24 at 2:38 pm to JAMAC2001
quote:
After all this time, I still cant go to my local grocery store and use it for purchases.
Along with infinite other assets
Posted on 2/29/24 at 2:48 pm to SlidellCajun
all i know is i have once again missed the buy.
i lost a lot shitcoining.
if i would have just put everything i've had from the beginning into BTC or ETH and left it, i would be close to 7 figs.
im dumb
i lost a lot shitcoining.
if i would have just put everything i've had from the beginning into BTC or ETH and left it, i would be close to 7 figs.
im dumb
Posted on 2/29/24 at 3:07 pm to TigerTatorTots
quote:
Because it isn't? Because the creator of it never mentioned it as a currency?
lol
Ok. And so is what?
You realize that, despite what you think, and despite what you believe the originator of bitcoin intended, that it is being used as a digital currency right?
You also understand that it is priced as a digital currently right?
This post was edited on 2/29/24 at 3:36 pm
Posted on 2/29/24 at 3:22 pm to The Baker
quote:
After all this time, I still cant go to my local grocery store and use it for purchases.
Along with infinite other assets
Are we supposed to forget how a few years ago the bitcoin pumpers told us how it would be able to be spent on everyday purchases?
So now its basically just gold?
Posted on 2/29/24 at 4:11 pm to JAMAC2001
Stay away. It’s not for you.
Posted on 2/29/24 at 4:35 pm to JAMAC2001
quote:
Are we supposed to forget how a few years ago the bitcoin pumpers told us how it would be able to be spent on everyday purchases?
Never happened
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