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Started By
Message
1
Posted on 5/29/22 at 10:43 am to Hulkklogan
quote:
I wouldn't be surprised at all by this, so I think we can agree here. That would still be a pretty good incentive with price appreciation tossed in
Posted on 5/29/22 at 10:51 am to SlidellCajun
quote:
They don’t all accept bitcoin or other crypto currencies and if they do, there are large transaction fees that they use to offset the risk of accepting a highly volatile currency like the bitcoin or Ethereum or any of them.
But let’s say what you assert is true and they do accept any of the crypto currencies- why have they crashed?
And how does that gigantic drop in their market value help these companies?
The vast majority of companies that accept bitcoin payments are using real time pricing vs the USD to set the bitcoin price and are converting the bitcoins to USD at the time of the sales transaction. They never even receive any bitcoin, typically receive the USD. We're also talking about an extremely small amount of transactions.
quote:
And how does that gigantic drop in their market value help these companies?
The idea that these companies are "buying the dip", which I see was suggested as a response to your question, is completely detached from reality. None of the mentioned companies are holding bitcoin on their balance sheets as an investment. Again, they have removed this instability risk by converting immediately to USD.
Posted on 5/29/22 at 12:13 pm to MusclesofBrussels
Unregulated crypto is going to end badly - that is for sure.
I feel bad for the people caught in the scheme that will be left without a seat when the music stops.
All these crypto experts that are making money off of uneducated investors…well it makes me sick.
We have people preaching about decoupling - thy Bitcoin will go to $1MM a coin and equities will go to zero.
Simply put - it is a pump and dump.
I feel bad for the people caught in the scheme that will be left without a seat when the music stops.
All these crypto experts that are making money off of uneducated investors…well it makes me sick.
We have people preaching about decoupling - thy Bitcoin will go to $1MM a coin and equities will go to zero.
Simply put - it is a pump and dump.
Posted on 5/29/22 at 1:40 pm to KillTheGophers
Lol a 13 year pump and dump? They got us right where they want us huh?
Posted on 5/29/22 at 1:53 pm to Chuckiee
When the federal reserve steps into the game, it will be the biggest speculative crash of all time.
Posted on 5/29/22 at 2:32 pm to KillTheGophers
quote:
When the federal reserve steps into the game, it will be the biggest speculative crash of all time.
I'd love to know how this is going to go down. What is a private bank going to do to a decentralized ecosystem? What happens when Capital One steps into the game?
Posted on 5/29/22 at 2:41 pm to KillTheGophers
so 13 year bitcoin is a pump and dump and this ponzi scheme will commence once the FEDERAL RESERVE decides to end it?
the federal reserve is the biggest ponzi scheme ever.
The federal reserve is not federal and has no reserve.
the federal reserve job is to print united states dollars and they charge us the taxpayer interest to print our money and give to our government.
all the money they print is not backed by anything except people like you that believe it has value
inflation is actually the loss of the value of 1$
I think you are confused but I will help you out
it is the federal reserve running the printing press that is a ponzi scheme
the federal reserve is the biggest ponzi scheme ever.
The federal reserve is not federal and has no reserve.
the federal reserve job is to print united states dollars and they charge us the taxpayer interest to print our money and give to our government.
all the money they print is not backed by anything except people like you that believe it has value
inflation is actually the loss of the value of 1$
I think you are confused but I will help you out
it is the federal reserve running the printing press that is a ponzi scheme
Posted on 5/29/22 at 2:42 pm to KillTheGophers
quote:
Unregulated crypto is going to end badly - that is for sure.
I feel bad for the people caught in the scheme that will be left without a seat when the music stops.
All these crypto experts that are making money off of uneducated investors…well it makes me sick.
We have people preaching about decoupling - thy Bitcoin will go to $1MM a coin and equities will go to zero.
Simply put - it is a pump and dump.
Non crypto people really hate crypto to the point where they make an arse out of themselves.
China flat out banned crypto and the only thing that happened was their money moved from CEXes to DEXes. The only thing regulation has brought was more adoption. Bitcoin is now the national currency of El Salvador with other countries studying it to also adopt it as their national currency.
Crypto is so heavily regulated that companies can't launch exchanges in certain states, can't offer interest, cant offer loans, etc. What other regulation do you see coming that's going to finally 0 it? That only thing you are sick about is missing out on 6,000,000x and it makes you bitter and a hater.
No one is saying equities are going to zero and I don't care if it's coupled or decoupled to stocks.
Drop some knowledge bombs and explain Ethereum in layman's terms and why it would ever go to zero.
Posted on 5/30/22 at 12:55 am to KillTheGophers
quote:
Unregulated crypto is going to end badly - that is for sure.
I feel bad for the people caught in the scheme that will be left without a seat when the music stops.
All these crypto experts that are making money off of uneducated investors…well it makes me sick.
We have people preaching about decoupling - thy Bitcoin will go to $1MM a coin and equities will go to zero.
Simply put - it is a pump and dump.
Year 14 and counting.
Posted on 5/30/22 at 1:05 am to tenderfoot tigah
quote:
Drop some knowledge bombs and explain Ethereum in layman's terms and why it would ever go to zero.
Hatred of crypto is inversely related to knowledge of crypto.
He’s just repeating Warren Buffet.
Posted on 5/30/22 at 8:14 am to tenderfoot tigah
quote:Investments are best held as a nonemotional proposition.
Non crypto people really hate crypto to the point
As soon as an investor either "loves" or "hates" a holding, belief rather than analysis/rationale comes into play, and judgement becomes questionable.
It is a mistake for cypto "lovers" to minimize an array of obviously inherent risks.
It is a mistake for crypto haters to minimize obvious past crypto profit and future potential.
Posted on 5/30/22 at 8:38 am to tenderfoot tigah
quote:
Bitcoin is now the national currency of El Salvador
Ya'll lose a ton of credibility when you bring up El Salvador lol.
LINK
LOL their bonds are CCC
Posted on 5/30/22 at 9:54 am to tenderfoot tigah
quote:
No one is saying equities are going to zero and I don't care if it's coupled or decoupled to stocks.
“Bitcoin will go to $1 million a coin and equities will spiral to zero.”
Just a taste of the crazy
Posted on 5/30/22 at 9:57 am to tenderfoot tigah
quote:
Bitcoin is now the national currency of El Salvador
For real, El Salvador? ??????????????????????????????????????
Posted on 5/30/22 at 10:58 am to KillTheGophers
Posted on 5/30/22 at 11:30 am to KillTheGophers
Your dismissal of a small country's BTC adoption proves our point. Look at Ross' graphic.
Posted on 5/30/22 at 11:44 am to LordSaintly
quote:
Hatred of crypto is inversely related to knowledge of crypto.
I’m certainly no hater if crypto. I actually love the idea and hope that someday it catches fire as a currency. I think then we’ll see less volatility in its price.
That said, unless and until that time comes, I just think people need to go in with their eyes wide open rather than this myopic viewpoint where risks are ignored. It’s almost like a brainwash had taken place out there in the crypto world.
Posted on 5/30/22 at 12:04 pm to SlidellCajun
I wasn’t talking about you when I posted that. You’ve brought up some good points.
But, the rule seems to work for the most part. I remember watching an anti-crypto Youtuber say something like “who can even afford a whole Bitcoin anyway?” I haven’t read anything that bad here, but some opinions in this thread are based on very old talking points that have been proven wrong.
But, the rule seems to work for the most part. I remember watching an anti-crypto Youtuber say something like “who can even afford a whole Bitcoin anyway?” I haven’t read anything that bad here, but some opinions in this thread are based on very old talking points that have been proven wrong.
Posted on 5/30/22 at 12:59 pm to SlidellCajun
We are well aware of the risks. Thanks for you concern, but the early adopter risks also come with huge upside.
I spent a solid year learning before I jumped in. I spent years before that doin the same thing you are doing now with Wiki. I didn’t debate that much with him, but a lot did.
Also, people loose their arse all the damn time on shite trades, options, shorts, and failed business startups. Doesn’t mean people should avoid all that.
We are still early and still much to learn.
I spent a solid year learning before I jumped in. I spent years before that doin the same thing you are doing now with Wiki. I didn’t debate that much with him, but a lot did.
Also, people loose their arse all the damn time on shite trades, options, shorts, and failed business startups. Doesn’t mean people should avoid all that.
We are still early and still much to learn.
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