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Thread: Bitcoins are officially donkdown

  1. #6981
    Platinum garrett's Avatar
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    Quote Originally Posted by Daly View Post
    Quote Originally Posted by garrett View Post
    And actually to me, most importantly in ways actually is this. Bitcoin was sort of 'Born' the White Paper Published in what 2008, and in 2007 we had just had begun to have the worst Economic Collapse since the Great Depression in the United States. Peoples houses flipped upside down. 401ks Vanished, stocks went from $100 a share to $3 or $4 so in a short time like wham, people got clobbered literally collectively.

    So the thing to me now when I think about it and I get why maybe then could be, etc but I think why then. But that is exactly when this new crypto currency was begun. That timing to me is so telling, and Fast-Forward to where we are today. And the U.S Government is still so hands off to a point, I start to think to myself (o.k. Wait, something is actually going on here lol)

    i'm really actually starting to believe that Bitcoin itself is entirely, a United States Government wholly owned and functioning Mechanism here maybe. It would check all the boxs, the whys answered, and actually makes, perfect sense. Its a little scary lol....
    I think that is a step too far. But I think you are kidding yourself if you think there isn’t already a big stash of these things in a US Treasury/Fed wallet somewhere. 0% chance CIA isn’t using it.

    Fed has 0% to lose with printing up a 1/4 trillion fun coupons and redeeming them in for BTC just to hold “just in case”.
    fun coupons lmao is actually hilarious...

    we really have and are again printing so much money. We are at the moment fully participating in our duty as the leading Monetary Policy leading Country in the World. That is for sure lol. But that is also why there has been a run to Bitcoin, or heck even Silver or commodities you can say. Its people starting to Trend toward, hedging for Inflation. Anyone with a half a brain who actually understand how a Capitalistic Money Printing leading the World Country functions, Understand o.k. wait a minute here. We probably are going to have to deal with some negative consequences now. To having printed a lot of Trillions in debt now, and lol this fuckin COVID timing. A lot of money wasn't at the moment, and Biden has to deal with it. And Inflation is coming, if not an all out full Recessionary period. Get your Mortgage now, or refinance with these all-Time low interest rates at the moment. Because Interest Rates are going up for sure. You cant print and give out as much money now as we have, without paying for it all somehow and from somewhere, right =)..

    anyway im digressing now, sorry lol... =)

  2. #6982
    Master of Props Daly's Avatar
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    Iím personally invested for an inflationary environment. Doesnít mean I recommend for everyone else. Iím a gold bug/inflation porn guy myself.

    There is a rational devils advocate though. The markets took a multiple trillion dollar haircut last Feb/Mar. people had some 50T (Iíll let someone correct me if the have exact numbers) in stock market value in Jan and woke up one morning to it being worth ~25T. Thatís a lot of fun coupons that disappeared ďovernightĒ.

    There is a reason why the fed did what they did. Deflation could have been huge.

  3. #6983
    Gold 4BET's Avatar
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    That 15 bitcoin I lost playing 50/100 chip HUNL on seals is getting more and more painful as time goes on
    -Allergic to the struggle

  4. #6984
    Back in 2014, Chamath paid $1.6 million for a vacant lot in Lake Tahoe which cost 2,739 Bitcoins.

    Today 2,739 Bitcoins is worth $145 million.



     
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      Salty_Aus: That gram of really nice molly I bought on Silk road cost me $150K

  5. #6985

     
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      Walter Sobchak: well look who's here
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

    http://www.sonatinepoker.com/main/sonatinepoker.gif

  6. #6986
    Owner Dan Druff's Avatar
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    Quote Originally Posted by Daly View Post


    This guy is the best chart traders I follow.

    Name:  
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    Wow... pretty close with the 56k thing. Went up to 58100 before falling.

  7. #6987
    Master of Props Daly's Avatar
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    Name:  07DEEDDE-28CF-4774-B1F5-DEADAF0A12FE.png
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Size:  622.8 KB

  8. #6988
    Diamond Walter Sobchak's Avatar
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    Quote Originally Posted by sonatine View Post
    Post more please
    SOBCHAK SECURITY 213-799-7798

    PRESIDENT JOSEPH R. BIDEN JR., THE GREAT AND POWERFUL

  9. #6989
    Quote Originally Posted by Walter Sobchak View Post
    Quote Originally Posted by sonatine View Post
    Post more please
    i literally post many times every day but more importantly:



     
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      garrett: lol, welcome back...
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

    http://www.sonatinepoker.com/main/sonatinepoker.gif

  10. #6990
    PUBLIC SERVICE ANNOUNCEMENT:

    Bitcoins are down about 20% since yesterday. If that was the stock market as a whole, that would be a bear market (since yesterday!)

    Name:  btc-drop.png
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    Also, as a reminder, bitcoins are little digits that exist in cyberspace that ultimately represent NOTHING. Similar to FIAT currencies, but slightly better.

    As you were.

    P.S.: (Buy_HARD_Assets).

  11. #6991
    Big drop, almost 10k down

  12. #6992
    Owner Dan Druff's Avatar
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    Seems like 46k was the downward resistance point. Now it's hanging at 48k.

  13. #6993
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    Quote Originally Posted by Dan Druff View Post
    Seems like 46k was the downward resistance point. Now it's hanging at 48k.
    It's not done correcting yet.

  14. #6994
    Master of Props Daly's Avatar
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    Quote Originally Posted by Forum Wars View Post
    PUBLIC SERVICE ANNOUNCEMENT:

    Bitcoins are down about 20% since yesterday. If that was the stock market as a whole, that would be a bear market (since yesterday!)

    Name:  btc-drop.png
Views: 202
Size:  30.3 KB

    Also, as a reminder, bitcoins are little digits that exist in cyberspace that ultimately represent NOTHING. Similar to FIAT currencies, but slightly better.

    As you were.

    P.S.: (Buy_HARD_Assets).

    January 1 2021 - Today

    Gold
    1944 - 1804

    Silver
    27.28 - 27.72

    BTC
    29,374 - 48,475

  15. #6995
    Bronze Cerveza Fria's Avatar
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    Gemini gave me $10 in Bitcoin yesterday! The email said it was because of a referral. I'm not aware of referring anybody to them. In fact their customer service sucks and they held my wire deposit for 11 days before putting into my account. I guess they're trying to make nice.

  16. #6996
    Master of Props Daly's Avatar
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    We either all going to be broke or rich in the next two weeks.

    That 10 year is frightening.

  17. #6997
    Quote Originally Posted by Daly View Post
    We either all going to be broke or rich in the next two weeks.

    That 10 year is frightening.
    Half point since January. This is a lot

    Why is it frightening though?


    Edit
    The past year has been a frightening bubble so I’m not sure anyone has been completely surprised by this recent pop. In fact everyone initially piled into the 10 yr move.

    I’ll walk that back, yeah.. things are gonna change and some folk gonna get hurt.

    S&P 3800 is a fair warning.



    Bitcoin is a demonstration of the public appetite for risk not a fundamental hedge. I have been fascinated to track GME vs BTC in small time frames.
    Last edited by Sanlmar; 02-25-2021 at 12:55 PM.

  18. #6998
    The price for one Bitcoin was $4,916.78 back on March 13, 2020.

    The price increased 10X since then.

    $46K and falling.

    Inflation and major government spending should push cryptocurrency much higher soon.

    U.S. government should pass a $1.9 Trillion stimulus next week.


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