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Started By
Message
re: Trump is shitting on bitcoin/cryptocurrency on twitter
Posted on 7/11/19 at 9:27 pm to thelawnwranglers
Posted on 7/11/19 at 9:27 pm to thelawnwranglers
quote:
Always assumed it was more about it being less trackable
It was back in the Silk Road days but things have changed a lot. Bitcoin isn’t really anonymous anymore (some others are).
1
Posted on 7/11/19 at 9:30 pm to HailHailtoMichigan!
quote:
Trump is shitting on bitcoin/cryptocurrency on twitter
Good. “Mining” is such a waste of energy.... and quantum computing will make it worthless anyway.
Posted on 7/11/19 at 9:30 pm to buckeye_vol
quote:
I agree with this, but I think their technologies have some real benefits if they weren’t treated more like equities
How are they treated like equities? Taxing under capital gains?
Posted on 7/11/19 at 9:31 pm to PEPE
quote:
Nobody can arbitrary adjust the supply/demand of it.
In theory yes. However it was manipulated like a mfr in 2017.
A handful of unknown whales increased the demand 1000x and then cashed out in January 2018 tanking the entire industry.
Also, 99% of the coins were nothing more than a snazzy website, a copypasta white paper, and online shills creating demand.
I believe in the concept of crypto but it is a long way from actually achieving the intended purpose. I am not smart enough to know how to get from here to there, but look forward to the progress.
This post was edited on 7/11/19 at 9:33 pm
Posted on 7/11/19 at 9:32 pm to Brosef Stalin
quote:
The dollar is based only on the government's word.
Which is why Bitcoin is bullshite
Posted on 7/11/19 at 9:34 pm to RockyMtnTigerWDE
quote:So you’re worth around $270 MILLION currently?
I’m going to have divest my 27,000 bitcoins. Thanks Wick for the tip early on.
Sure.
I have 17 bitcoins with an average cost of $3,365 and thought I was doing well on RoR.
Posted on 7/11/19 at 9:35 pm to BeefDawg
$310,000,000!!!
Posted on 7/11/19 at 9:36 pm to PEPE
quote:
However he of all people should know how corrupt the Fed is.
He's obviously not a fan of the fed. Pretty obvious to me.
Posted on 7/11/19 at 9:36 pm to DallasTiger11
quote:The US dollar which is backed by "hot air" specifically, full faith and credit of the US Government.
Not bad for “thin air”
Now then, it has been demonstrated fully for nearly 3 years running the US Government has tried to overturn the results of the latest Presidential Election. The Democrat Party has attempted by all means to obstruct, and then add in the $20 Trillion debt...tell me more about this faith and credit stuff!
About the only Faith I have in the US Govt. is for the Legislators to act in their own self interests. Credit? Yeah I think the USA has exceeded its credit limit and we really need to take the charge card to run it through a shredder.
TLDR: "thin air" > "hot air"
Posted on 7/11/19 at 9:36 pm to BeefDawg
You made a cool $100,000 in a short time!
Posted on 7/11/19 at 9:37 pm to sean5340
quote:
He's obviously not a fan of the fed. Pretty obvious to me.
Well he just shite on the Fed’s only competitors
Posted on 7/11/19 at 9:41 pm to RockyMtnTigerWDE
quote:Damn - you run with the Epstein crowd?
I’m going to have divest my 27,000 bitcoins. Thanks Wick for the tip early on.
Posted on 7/11/19 at 9:44 pm to DallasTiger11
quote:
by DallasTiger11
quote:
He's obviously not a fan of the fed. Pretty obvious to me.
Well he just shite on the Fed’s only competitors
I sorta view it as crypto competing with all fiat monies throughout the world!
Venezuela capital has devalued 99.9% in short time. So smart money there went to crypto before they lost all and they’ve done very well
Crypto is worldwide with market cap of approx 1/3 trillion dollars! Too big to fail
It patiently waits for US to pick another incompetent like obama to explode the dollar
Posted on 7/11/19 at 9:46 pm to HailHailtoMichigan!
Does everyone understand that they can ignore the President's tweets? That these are his opinions and he'd rather post there than be misrepresented by a dishonest media?
It's not like he signed an EO outlawing Bitcoin.
It's not like he signed an EO outlawing Bitcoin.
Posted on 7/11/19 at 9:47 pm to DallasTiger11
quote:Well I believe they are treated the same way, but I meant people are trading the cryptocurrencies like they are an investment like stock or tangible commodity instead of using them for their purpose (e.g., payments).
How are they treated like equities? Taxing under capital gains?
Posted on 7/11/19 at 9:48 pm to HailHailtoMichigan!
Wrong. He is shitting on Facebook.
Posted on 7/11/19 at 9:49 pm to HailHailtoMichigan!
Here's some news for you Trump, all fiat currency is based on thin air. It's all only as good as people feel about it.
Posted on 7/11/19 at 9:54 pm to TexasTiger89
quote:How is it wrong? He did single out Facebook, but he specifically started his criticisms with the topic of the thread:
Wrong. He is shitting on Facebook.
quote:
I am not a fan of Bitcoin and other Cryptocurrencies
Posted on 7/11/19 at 10:03 pm to HailHailtoMichigan!
Trump loves bitcoin. Trump says bitcoin sucks to get the left to talk about how great decentralization is. Left tries to legislate in favor of bitcoin. Trump signs bill.
Posted on 7/11/19 at 10:13 pm to buckeye_vol
quote:
Well I believe they are treated the same way, but I meant people are trading the cryptocurrencies like they are an investment like stock or tangible commodity instead of using them for their purpose (e.g., payments).
Gotcha. Yeah unfortunately (fortunately?) they have almost all become investment vehicles because of the potential gains but that will be shifting soon with the tech getting better and stablecoins taking off.
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