Theory the price of Bitcoin is being propped up— academic who proved manipulation in 2017

[schizo]

A roundabout answer is that they will continue to inflate (debase) the value of the US $. The "free market" is already recognizing this when we see India talking about doing trades with non-USD currencies

China a few years ago decided to get away from the ponzi-esqe economics of the USD and started using their $ to partner or issue debts to countries with natural resources, in Brazil, Australia, Africa, or they would start owning infrastructure like in Sri Lanka Colombo airport

The real value is from hard commodity asset like copper, oil, infrastructure, things that cannot be printed by the Fed or other central banks

Higher inflation for the suckers at the poker table who thinks acquiring and accumulating the USD while the ones in charge are busy running the printer full speed

If only regular people had a way to opt out of this fiat ponzi, oh wait, something something Bitcoin and crypto assets

Gold and silver are manipulated by the banksters JPM with blessings from the US gov

But how do you justify the volatility? BTC lost over 77% from its ATH. Now compare that to DX.

 

[johnarb]

But how do you justify the volatility? BTC lost over 77% from its ATH. Now compare that to DX.

Volatility is life, no need to be afraid of it, embrace it, you want something with no volatility, invest in bonds, er, nvm

I've owned bitcoins since it was $100 each and saw it go to $1,200 and then back down to $150, then up to $20,000, then back down to $3,200 then back up to $69,000, now back down to $23,000

And I'll still own bitcoin it goes to $500k then back down to $75k, then back up to $1 Million, then back down to $150K....

Bitcoin is on a price discovery... for how long? Maybe forever, or until after we're all dead

 

[schizo]

Volatility is life, no need to be afraid of it, embrace it, you want something with no volatility, invest in bonds, er, nvm

I've owned bitcoins since it was $100 each and saw it go to $1,200 and then back down to $150, then up to $20,000, then back down to $3,200 then back up to $69,000, now back down to $23,000

And I'll still own bitcoin it goes to $500k then back down to $75k, then back up to $1 Million, then back down to $150K....

Bitcoin is on a price discovery... for how long? Maybe forever, or until after we're all dead

As a trader, that would be fine. You know what you're getting into. But for everyone else, I would find that hard to swallow.

 

[newwurldmn]

You think I can't afford a dollar? It's more about time to read other peoples crap.

Stupid comment, but it's normal for anything coming out of your mouth...

Im pretty sure you can’t afford a dollar.

 

[newwurldmn]

Incorrect, it was 3000% inflation

No. It was 3x. Your currency could only buy a third of what it could earlier.

and in the utopia that coiners want, it will be even worse.

 

[johnarb]

No. It was 3x. Your currency could only buy a third of what it could earlier.

and in the utopia that coiners want, it will be even worse.

If you cherry-pick and measure from the top price, sure makes you feel better

That ath will be broken but you need not worry yourself with things you're unable to comprehend. Dunning-Kruger

 

[RedDuke]

Volatility is life, no need to be afraid of it, embrace it, you want something with no volatility, invest in bonds, er, nvm

I've owned bitcoins since it was $100 each and saw it go to $1,200 and then back down to $150, then up to $20,000, then back down to $3,200 then back up to $69,000, now back down to $23,000

And I'll still own bitcoin it goes to $500k then back down to $75k, then back up to $1 Million, then back down to $150K....

Bitcoin is on a price discovery... for how long? Maybe forever, or until after we're all dead

John love your optimism, but most likely the party is over and 69k will never be broken unless Tethers print 100 billion and not stopped. Otherwise no way, the market is total fake supported by tokens printed out of thin air.

 

[newwurldmn]

If you cherry-pick and measure from the top price, sure makes you feel better

That ath will be broken but you need not worry yourself with things you're unable to comprehend. Dunning-Kruger

I know what I don’t understand about crypto.

I love it when crypto nerds talk about macro economics and then accuse others of dunning Kruger. (After they get triggered)

 

[johnarb]

John love your optimism, but most likely the party is over and 69k will never be broken unless Tethers print 100 billion and not stopped. Otherwise no way, the market is total fake supported by tokens printed out of thin air.

Hey RedDuke, Bitcoin is only 14 yo but the good thing is that there is no deadline or time limit. I won't be able to claim victory until bitcoin hits $70K which I believe will happen by this year or next

Let's wait and see

 

[johnarb]

I know what I don’t understand about crypto.

I love it when crypto nerds talk about macro economics and then accuse others of dunning Kruger. (After they get triggered)

You're a cantillionaire and accusing me of being triggered when you did not contest any of my points

Shoo, go away you insignificant fool, don't let the door hit you asshole