Bitcoin Price Thread

NoahA said:
such an amazing point how Venezuelans are from the future. It was so funny and so true because their past is the future for the west. They have already gone through hyperinflation, but the west is just getting started down this road.
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I love this take on it.:thumbsup:
 
NoahA said:
Further in the video, he also described how bitcoin is the last functioning smoke alarm with reference to all the monetary and fiscal stuff that is going on.

You're absolutely right that everything is going to shit. In the video, Di Bartolomeo made such an amazing point how Venezuelans are from the future. It was so funny and so true because their past is the future for the west. They have already gone through hyperinflation, but the west is just getting started down this road. Everything that he said was so brilliant and yet he remains so humble.

I think the bottom line is this. Everyone knows US dominance is fading, and many countries want a different monetary system, but nobody wants to trust anyone else. Trusting gold is ancient history. It just makes perfect sense that if you can't be the reserve currency anymore, the next best thing to do is make sure the baton doesn't go to someone else. Once you realize you will no longer have the advantage, then its in your best interest to make sure the next system is fair, rather than some other super power calling the shots. If the next system is really going to be based on 21 million bitcoins, and the US can control millions of those coins through their own holdings and the holdings of US companies and US ETF's via its citizens, then this is a very good position to be in.
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I'm sorry my friend but I cannot wish for the USD to collapse or be replaced by bitcoin...

USD is the best reserve currency that we have, sure it has a lot of problems but this is why we use bitcoin for our life savings, for store of value, for our future...

Jeff Booth has talked about this in detail, but very quickly an example is $200 Trillion of US unfunded liabilities, think of SS, Medicare, pensions, infrastructure maintenance and projects, healthcare, military and on and on...

Complete chaos.... multiply this many times in many countries, the whole world, this is not what we want...

Bitcoin cannot replace the USD, nor should we want it. Perhaps another fiat currency in the future...

Bitcoin can coexist with the USD
 
Bitcoin sounds good in theory but in practice it's a ponzi scheme and a scam designed to do nothing but steal your money.

Trump seems to be losing the election which is bad for crypto and Tether is getting drawn into legal processes where their illegal and fraudulent scheme will be unveiled.

At this point it's basically a known fact they are unbacked and they issue Tethers against crypto collateral.

Celsius is litigating Tether for billions of dollars. Tether gave Celsius USDT loan and they took Bitcoin as collateral.

USDT Issuer Tether to Fight Celsius' $3.3 Billion 'Shakedown' Litigation (coindesk.com)


Tethers are "backed" not by US treasuried as they claim, but by a bunch of crypto. This is why there will be a cascade where they just start selling crypto in order to maintain the Tether peg.

It's not going to be a flash crash in matter of seconds, but probably a matter of days, weeks and maybe months.
 
The sooner this scheme collapses, the better it would be for everyone involved.

Let's hope that by the end of the year this thing gets nipped in the butt.

Unfortunately though, it's just as likely if not more that this thing gets dragged out for a long time. For the sake of humanity, this would be the worst case scenario.
 
orbit23 said:
The sooner this scheme collapses, the better it would be for everyone involved.

Let's hope that by the end of the year this thing gets nipped in the butt.

Unfortunately though, it's just as likely if not more that this thing gets dragged out for a long time. For the sake of humanity, this would be the worst case scenario.
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And in the meantime youre profiting from the price movement?
 
orbit23 said:
Unfortunately though, it's just as likely if not more that this thing gets dragged out for a long time. For the sake of humanity, this would be the worst case scenario.
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The next 3 months are usually a good period for bitcoin plus the end of the year

Next year with tax selling might not be so good in the first 4-5 months

Get ready for Septembull, Uptober and Moonvember! Also Mooncember!!!!

2 moons, like a blue moon, extremely bullish
 
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More Tethers printed out of the sky and of course, Bitcoin price is pumping!

This is the last pump we are getting. How high will it go? $67K? $70K? $75K?

Prepare to sell everything and go short with every last penny you've got!

We are mere inches away from escalation in the middle east and this ponzi scam digital token will drop like a rock once it happens. $30K Bitcoin will happen in a blink of an eye.

 
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