Bitcoin Price Thread

The_Krakenite said:
Just like fewer and fewer are interested in buying into US ponzi Debt. Japan is stuck as the largest bagholder now.
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Nah...

Charts say otherwise. Dollar is strong against all other currencies.

As stock market crashes, dollar gets stronger.

Instead of buying ponzi stocks, they can just use the printed money to buy the ponzi debt.

You don't think the government will screw over the people to save itself? haha!
 
When you're right you're right. :)

! SBF.gif
 
Frederick Foresight said:
So you're comparing air coins to US credit? How cool is that?
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So why is Yellen begging Japan not to sell treasuries? Why are they setting up liquidity channels to provide them with USD so they don't need to sell treasuries? You don't see anyone begging other people to not sell their bitcoin. We just take the drawdown. But Yellen knows the US can't take the drawdown. She herself needs to sell more treasuries to fund the US ponzi scheme so she can't have a big player in the market like Japan competing with her sales because it would crash the price. That's how solid US credit is. Nobody wants it, and the Fed has to buy it. Score one point for US credit! hahahahaha
 
NoahA said:
So why is Yellen begging Japan not to sell treasuries? Why are they setting up liquidity channels to provide them with USD so they don't need to sell treasuries? You don't see anyone begging other people to not sell their bitcoin. We just take the drawdown. But Yellen knows the US can't take the drawdown. She herself needs to sell more treasuries to fund the US ponzi scheme so she can't have a big player in the market like Japan competing with her sales because it would crash the price. That's how solid US credit is. Nobody wants it, and the Fed has to buy it. Score one point for US credit! hahahahaha
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You convinced me. I think you should convert all of your savings into Bitcoin. And don't stop there. Since you regard the USD as next to worthless, or soon to be, then you should borrow as much US dollars as any and all banks will lend you and buy even more Bitcoin with the proceeds. Onward and upward. Number go up.
 
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So you're comparing air coins to US credit? How cool is that?
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I think it's fair, no? US bonds are not even Triple-AAA rated anymore (and that's official, so don't even try to dispute this fact). And quite honestly, should be regarded as junk-bond status. Even if they are not, let's say they are BBB right now, the drunken sailors in charge are making sure it will get down to there.

There are blue-chip companies that have an AAA rating, so you are getting an even better coupon at even less risk than the US gov.

How cool is that?
 
NoahA said:
You don't see anyone begging other people to not sell their bitcoin. We just take the drawdown.
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I just wanna comment on this very specific quote. I can't believe you just said this. Nowhere have I seen more people on Youtube, Twitter and elsewhere always trying to pump up Bitcoin. Saylor came out publicly (in fact, twice) begging others not to sell their Bitcoin and stand strong in the current selling pressure. Even our beloved @johnarb is not immune to this. Don't you remember when he said that you all had to stick together?
 
schizo said:
I just wanna comment on this very specific quote. I can't believe you just said this. Nowhere have I seen more people on Youtube, Twitter and elsewhere always trying to pump up Bitcoin. Saylor came out publicly (in fact, twice) begging others not to sell their Bitcoin and stand strong in the current selling pressure. Even our beloved @johnarb is not immune to this. Don't you remember when he said that you all had to stick together?
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Sure, this is fair. I honestly took it more from the perspective of making sure you are a long term holder vs. exiting at max pain and then either having to buy back higher, or never at all. But I can certainly understand how this could be seen as exactly what Yellen is doing. But lets face it, there is nobody coming to save bitcoiners. Yellen can print up as much as she wants or needs, and she is pissed that Japan might get in her way from getting good prices for those bonds. Its almost as bad as Elon begging Buffet to buy some Tesla shares.

Another angle is that when it comes to bitcoin, the forced hodlers are usually the ones that did the best. If you are caught up in the Mt. Gox hack and waiting for your coins, imagine the price appreciation you will see. Most people haven't held from $100 to $60k, but if you were forced to do so, because you couldn't sell since you didn't have access to your coins, this might end up being quite lucrative for you. So this is what I imagine Saylor is getting yet. (but yes, I'm sure he is also protecting his own investment)

And yes, John has also begged everyone not to sell. The jury is still out on if this is a good move or not. We will likely need to finish this decade before we know for sure, but my money is on him being right. Like I say, if you sell, you might not get back in, or if you sell, you might be getting in higher. 95% of us will not beat just buying and holding. So far, anyone buying in every previous year is up, and especially so if you continued to dollar cost average. But most importantly, if you truly believe that bitcoin is taking on the monetary system, then the upside is monumental, and if you get in at 60k or 50k or 70k, it really won't matter much, as long as you don't sell.
 
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