US SEC accepts six spot bitcoin ETF proposals for review

[M.W.]

That is nonsense. They are currently NOT holding any global currency or payment exchange status whatsoever. Please tell us how many percent they exchange in payments off the total globally exchanged. Hardly anything. A mere drop in the bucket.

The problem with you guys is that you have utterly different motivations why you hype cryptos, motivations you shy away from openly admitting. You guys are gamblers and need your drug of choice legalized. The real grudge you hold with the current system is not the current fiat system nor its weak points. I doubt you guys even understand yourself what you really are so against and why.

Bitcoin and cryptos are a global and internet currency now, but unofficially

That is the point. It functions as a currency right now without any centralized entity announcement. El Salvador has made bitcoin legal tender, officially

I paid my TradingView subscription with bitcoin, and my ExpressVPN subscription with bitcoin and where I'm at, I can use a bitcoin lightning wallet in over 1,000 stores, restaurants and brick and mortars to pay using bitcoin

Fink knows all of these, which is why he can say it with confidence. Bitcoin and cryptos are functioning as a global currency

And bitcoin and cryptos don't have to ask nobody for permission

But you are waiting on your government officials to give you the ok, first, just like when they told you how to wipe your ass...

 

[The_Krakenite]

The new Bretton Woods is happening in August. The good news, is the world will have a fiat reserve currency backed by Gold again.

The bad news (for Americans), is they are going to see what it's like being outside & looking in.

 

[M.W.]

Not one single financial crisis in history was caused by the fiat system nor because of its existence. But you are too dumb to realize that.

Cognitive dissonance

Fink has access to all the economic data, financial numbers, corporate state of affairs, inside government data, loan status, consumer credit, government debt, bank health

My guess is that Fink can see that there will be a major financial crisis within the next 2 years much bigger than the GFC

Bailouts, and possibly bail ins

And bitcoin price will shoot up to over $500k within the next 2 years

Blackrock needs the money to accumulate as much bitcoins as possible... and will use opm... normies' money. It's a good deal, the bitcoin etf buyers cannot withdraw to local wallets. suckers

 

[M.W.]

Yeah let's see. August. I will hold you to it. You guys are total nobodies who never accomplished anything in life, nor do you actually understand how the global payment system works nor its advantages. All you do is saying shit because you like the sound of it

The new Bretton Woods is happening in August. The good news, is the world will have a fiat reserve currency backed by Gold again.

The bad news (for Americans), is they are going to see what it's like being outside & looking in.

 

[johnarb]

That is nonsense. They are currently NOT holding any global currency or payment exchange status whatsoever. Please tell us how many percent they exchange in payments off the total globally exchanged. Hardly anything. A mere drop in the bucket.

The problem with you guys is that you have utterly different motivations why you hype cryptos, motivations you shy away from openly admitting. You guys are gamblers and need your drug of choice legalized. The real grudge you hold with the current system is not the current fiat system nor its weak points. I doubt you guys even understand yourself what you really are so against and why.

HAHAHAHA, ok dude, keep putting your head inside sand and you won't see what's happening

 

[johnarb]

Not one single financial crisis in history was caused by the fiat system nor because of its existence. But you are too dumb to realize that.

You're the one struggling to understand why bitcoin has not died and is the best performing global asset this year per Goldman Sachs report

And you don't understand why Blackrock, JP Morgan, Goldman Sachs, et al are all bowing their knees to Bitcoin, remember your words...

It's because you are an idiot and mentally incapable to understand the Bitcoin and crypto assets

Don't worry, within 2 years, you will see more.... but you will still not understand.... because you're too dumb

 

[Overnight]

I can use a bitcoin lightning wallet in over 1,000 stores, restaurants and brick and mortars to pay using bitcoin...

What I don't get is what those merchants are doing with THEIR bitcoin they receive from the people like you who give it to them for a product. How are those merchants paying their vendors for the stuff you buy? Certainly there is some "slippage" going on somewhere with BTC prices swinging wildly from day to day.

 

[johnarb]

What I don't get is what those merchants are doing with THEIR bitcoin they receive from the people like you who give it to them for a product. How are those merchants paying their vendors for the stuff you buy? Certainly there is some "slippage" going on somewhere with BTC prices swinging wildly from day to day.

Depends on the vendors... Payment processors take care of the "slippage" BitPay and Coinpayments are the ones that TradingView and ExpressVPN use

Where I'm at, there's a local version of Bitpay that takes care of the slippage/conversion to local fiat

The payment processors are the ones that take the bitcoins and willing to hodl and have price volatility risk exposure to bitcoin

But let me ask you this, how much volatility do you think bitcoin price has in percentage terms? Perception vs reality... you should take a look

 

[Overnight]

...

But let me ask you this, how much volatility do you think bitcoin price has in percentage terms? Perception vs reality... you should take a look

I don't pay attention to it every day, but one day last week I noticed it was down over a grand, that's ~3-4%, yes?

 

[The_Krakenite]

Not one single financial crisis in history was caused by the fiat system nor because of its existence.

Interestingly, my history has always shown that the fall of the Great Roman Empire was due to the debasement of the currency, despite numerous leaders having tried to solve this issue right up to the final downfall. If you pay attention to the Denarius coin in its 200-year existence, you will see firsthand what the hell happened.

...and what is happening now.