Yes, we know things grow a lot at 1% if we give them hundreds of years.Originally Posted by gimmick
None of that is relevant here. Will you at least agree that people buying in now aren't likely to see growth remotely similar to what we saw the past 5 years?
Of course. There's likely a few percent chance it crashes every year. I wouldn't be too surprised that printing money hasn't partially led to it's current rise. When there's an overflow of investment capital it usually finds it's way to more speculative opportunities.Yes, we know things grow a lot at 1% if we give them hundreds of years.
None of that is relevant here. Will you at least agree that people buying in now aren't likely to see growth remotely similar to what we saw the past 5 years?
See this all you had to say. This I can easily agree with as it’s posed as an opinion and not an unknowable fact.Yes, we know things grow a lot at 1% if we give them hundreds of years.
None of that is relevant here. Will you at least agree that people buying in now aren't likely to see growth remotely similar to what we saw the past 5 years?
Quick google glance...
https://cointelegraph.com/news/real-...money-printing
...basic QE correlation to BTC...
https://www.cityam.com/the-qe-dystop...coin-adoption/
...and then some numbers from few months ago about companies BTC "investments".
Instead off investing the overflow to marginally losing/neutral it's generally more profitable to go for higher volatility.
"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
Kermit brought him back.
ive thought long and hard about how I think Janet Yelled heading the Fed is going to affect the (crypto) market. And ive come to the conclusion that she is so old school, and probably believes in policies that are actually against of what crypto could possibly be doing, so idk with her. She is sooo old school for sure. It is by design by Biden that I dont think she is a good head of the Fed for the (crypto) markets in General. With all the upward momentum, the one variable I thought wouldnt happen, but could to slow it all down, which was Regulation. And now that possibility, is looking like a very very real possiility. And hour 1 Day 1 Yellen even mentioned the cryptocurrency market and said theyll 'curtail' it. So take that for whatever you feel it to men, but its definitely a very very different week then it was last week, in the Bitcoin world for sure now....
=)
There are the moderate corporate democrats and there are the progressives. Don’t fall into the libtard trap - there will be legislation introduced for libtard package labeling.
Anyhow..... Elizabeth Warren is who to watch here. She made a lotta anti crypto noise earlier (2018) then went softer during her presidential bid. I think I know what lies at her core. She has a lot of juice politically.
When Liz is able to leave her Senate seat then shit gets real
I’m telling you... Biden is going to looked upon as conservative in coming years.
The next domino I expect to fall, or did was the SEC the Regulate and allow an ETF (crypto) to be sold, or did. Then people could get (crypto) exposure without actualy having to buy a bitcoin itself. I still think thats possible, but Yellen wow. It will be interesting to see how this old school minded Adminastration goes about (crypto) now.There are the moderate corporate democrats and there are the progressives. Don’t fall into the libtard trap - there will be legislation introduced for libtard package labeling.
Anyhow..... Elizabeth Warren is who to watch here. She made a lotta anti crypto noise earlier (2018) then went softer during her presidential bid. I think I know what lies at her core. She has a lot of juice politically.
When Liz is able to leave her Senate seat then shit gets real
I’m telling you... Biden is going to looked upon as conservative in coming years.
https://www.reuters.com/article/us-c...-idUSKBN2A511T
"Police seize $60 million of bitcoin! Now, where's the password?"
I’m far from a BTC shill but admit to now being invested.
This article is absolute horse shit. Micro strategy borrowed and diluted to raise cash and put BTC on the balance sheet over 2020 and now the stock is up 800%. They just had a conference on having a Bitcoin treasury and 7000 of companies showed up. Small ones like Disney MGM
Borrowing money to buy BTC isn’t a business model and I think it’s crazy the company is up 800% over it. But to say “there isn’t enough corporate interest right now” might be the most disingenuous thing written I’ve ever seen.
If I’m a CEO and I have operating cash and I can double + my stock price just by buying BTC right now why the fuck wouldn’t I?
The city of Miami is talking going BTC friendly. Paying taxes and fines with it.
So JP Morgan was long. Lyin sacks (well played)Bitcoin May Never Go Above $ 40,000 Again, JP Morgan Alerts
Charlie Mungar and Buffet had some really sage advice during their last meeting regarding managed funds’ awful performance and all that. Listening to Munger (at his age) is like sitting at jesus feet. He’s not human. I’ll try to find something.
JP is the dumb money. AAPL buying back their own stock here has got to give you the “willies” too. You get the drift. You know all this anyway but it’s fun.
Last edited by Sanlmar; 02-07-2021 at 09:55 AM.
BTC $43,855 and rising, thanks to Tesla buying $1.5 billion worth and saying they will probably accept BTC as payment soon.
https://www.cnbc.com/2021/02/08/tesl...n-bitcoin.html
Woke up and checked prices on app and BTC was 39,200
Less than an hour later it was 44,899.
Great way to start the day
ROFL
Article posted on January 5th:
"JPMorgan says bitcoin could rise to $146,000 long term as it competes with gold..."
https://www.cnbc.com/amp/2021/01/05/...mpression=true
Article on January 25th:
"Bitcoin May Never Go Above $ 40,000 Again, JP Morgan Alerts..."
https://www.entrepreneur.com/article...0Bloomberg%20.
And obv today its about 43,000...
It's like they are not even trying to hide the attempts to manipulate
JPMorgan are a joke when it comes wrong bitcoin predictions, almost as bad as sonatine, Krypt and Druff.
They should just admit they don't have a clue and keep quiet.
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True but they probably know perfectly well what they are doing. If you're a big enough name, sometimes you can bend a price to your benefit by writing whatever is advantageous to you in an article. Not to mention that they and other media probably take big payoffs/bribes by funds to write whatever is going to help them, whether it's true or not.
I bet Bitcoin is going to rocket higher now; its bumped back up to the ATH that it reached this morning. I wouldnt be surprised if it tests 50,000 within a week.
I remember you buying big chunks at some point and providing updates.
How are your holdings?
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