"Each Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the blockchain. People can spend their Bitcoins fairly anonymously. Although all transactions are recorded, nobody would know which account number was yours unless you told them."
The more that central banks see this threat the more they will unite to squeeze cryptos.
The days are likely numbered for crypto profit opportunity, but they remain in the short and intermediate term. Money printing is crypto's best friend (as with gold), and the blue wave's (demo sweep) first order of business, $1T-$1.9T in new stimulatto, will provide more crypto/PM fuel. The blue wave's agenda will pump both cryptos and PMs for the foreseeable future as it continues to place its misled faith in the Magic Money Tree. Any interference in sky high price moves will come from new controls for cryptos and old futures market shenanigans for PMs.
MMT, the official credit card of the ruling party, will prove to be a driver of any asset that maintains dollar value until the inflation it reaps reveals the ugly face of free money.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
You forgot to add the standard disclaimer: "Past performance is no guarantee of future performance."
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
That's what I'm talking about Only thing sitting in my wallet is the Benjamins. If I have bitcoins in my wallet the only way I can cash them out is if I can find anyone dumb enough to buy them.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
That's what I'm talking about Only thing sitting in my wallet is the Benjamins. If I have bitcoins in my wallet the only way I can cash them out is if I can find anyone dumb enough to buy them.
I just sold some bitcoin on Robinhood quicker than it took you type that. lol
The track record of your Benjamins (hope you spent them yesterday):
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
That's what I'm talking about Only thing sitting in my wallet is the Benjamins. If I have bitcoins in my wallet the only way I can cash them out is if I can find anyone dumb enough to buy them.
Seriously?
I wanna say literally every major bullion house accepts cryptocurrency, or “Bitcoins”
APMEX
Provident
Money metals
Bullion exchange
Bullion star
Ect
Ect
Surely the fact that I can cash out for colt hard assets like silver gold platinum palladium rare coin or whatever lends a small credence of legitimacy here right?
And last I checked buying and selling cryptocurrency in Robinhood is just like buying and selling in paypal, you are playing in their sandbox and are not able to withdraw your cryptocurrency... remember if you don’t own your private keys you don’t own your coins.
Not to say people aren’t making dollars trading on those platforms,
I wanna say literally every major bullion house accepts cryptocurrency, or “Bitcoins”
APMEX
Provident
Money metals
Bullion exchange
Bullion star
Ect
Ect
I bet they quickly convert these bitcoins into $$$$$.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@LukeMarshall, yes some businesses claim to accept bitcoin as payment, but most (including Apmex) aren't technically receiving bitcoin. They're using Bitpay or > @PerryHall said:
I wanna say literally every major bullion house accepts cryptocurrency, or “Bitcoins”
APMEX
Provident
Money metals
Bullion exchange
Bullion star
Ect
Ect
I bet they quickly convert these bitcoins into $$$$$.
Correct. For example, Apmex uses Bit pay, a third party transaction facilitator. Your purchase is converted to dollars for payment to Apmex. Apmex doesn't actually hold bitcoin. Another example is Peter Schiff's Euro Pacific Capital. The guy abhors crypto, but you can pay for products and services there with bitcoin. There are relatively few legit businesses that will actually provide for a transaction between your bitcoin wallet and their bitcoin wallet. Thus, hodl (hold on for dear life!).
Using bitcoin as a currency is cumbersome and takes longer than a few minutes and requires a "digital wallet." Investing and holding bitcoin in a digital wallet also takes a lot of effort.
Quickest and easiest way to ride the crypto train is through investments with a third party who actually holds the bitcoin. Robinhood and paypal, among others, provide this service.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
“Ultimately, bitcoin is going to collapse, and any demand that it might have siphoned away from gold is going to return to gold. The bitcoin story is one of a bubble; it’s a modern-day Tulip Mania, it’s fool’s gold.” - Peter Schiff
Very likely that he is correct. Hopefully "ultimately" is far down the road. Cryptos so far are the Magic Internet Money Tree.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@thefinn said:
Rappers are pushing them now, so the unknowing are trying to buy in. This is the death-nell - just like when your shoeshine boy gives you stock tips.
The CoinStar machine at my local supermarket has a sign on it that says" "Buy BitCoins Here".
I wonder if or when the new Quantum Supercomputers (which are claimed to be 1.5 billion times faster than existing supercomputers) will be able to hack crypto currency systems by correctly guessing all the codes ?
The federal government was able to access close to a $Billion worth of Bitcoins from drug sellers/cartel, but won't say how they were able to gain access.
@thefinn said:
The federal government was able to access close to a $Billion worth of Bitcoins from drug sellers/cartel, but won't say how they were able to gain access.
Should have just kept using $100 bills like they used to.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@thefinn said:
The federal government was able to access close to a $Billion worth of Bitcoins from drug sellers/cartel, but won't say how they were able to gain access.
Should have just kept using $100 bills like they used to.
Rest assured, despite ms. Yellen's view of bitcoin, far more US dollars are being used in illicit trades today than there ever could be in bitcoin.
"The Fund’s investment objectives are to seek to provide holders of Units (“Unitholders”) of the Fund with exposure to digital currency bitcoin (“Bitcoin”) through an institutional-quality platform that is cost-efficient to Unitholders and to provide a secure, simpler and exchange-traded investment alternative for buying and holding Bitcoin."
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@thefinn said:
The federal government was able to access close to a $Billion worth of Bitcoins from drug sellers/cartel, but won't say how they were able to gain access.
Should have just kept using $100 bills like they used to.
Everyone knows you use rare stamps on an envelope, just ask Cary Grant.
Who else thinks ETH will eventually overtake BTC in market cap? Disclaimer: I'm not convinced of long term success of cryptocurrency, but I do dabble in a few of them for FOMO. Plan is to gradually get out principle plus, then leave an equal amount behind for the longer term. ETH has been really strong lately and getting hyped over the concept of smart contracts.
With a price of $37,134 BTC has a market cap of $691B
With a price of $1631 ETH has a market cap of $186B
would take a whole lot of BTC losses and a whole lot ETH gains for it to happen. Normally, they both move in the same direction. It's like a racehorse trying to catch one that is moving at the same speed
ETH is hitting new highs today and I suspect has a lot more upward movement in store.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
But.... ETH, unlike BTC, has no hard limit in number of coins. The BTC to ETH price per coin ratio could remain the same (~25:1) while ETH's market cap gradually catches up.
The only way I see ETH market cap matching that of BTC any time soon is for BTC to take a nuclear direct hit. Maybe some SEC fingers in the pie. Otherwise BTC will remain the daddy bear and ETH the baby bear and they will continue down the same price path holding hands.
ETH has shown much better percentage gains and if it continues yes, ETH will catch up with BTC way, way down the road and not any time soon without a BTC black swan.
I see BTC as like gold and ETH as like silver. And you know I loves me some silver - more volatile with greater trading opportunity.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Man these doggy coins are going to pluto. Wish I had bought more.
I got like 5 years of silver gains in less than 5 days. And all I had to do is click a button, no hauling around and storing hunks of gutter metal. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
@blitzdude said:
Man these doggy coins are going to pluto. Wish I had bought more.
I got like 5 years of silver gains in less than 5 days. And all I had to do is click a button, no hauling around and storing hunks of gutter metal. THKS!
I "bought" $9000 in Doge on December 31. It is now "worth" $140,000. Too bad Ms Morrisine has control of my digital wallet in the 2021 investment contest
Looks like Snoop Dog became Snoop Doge overnight, hence the big gain. lol My best investment of the past decade and it's all an imaginary made up joke. Crazy World!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
I did get out of DOGE in real life. Missed the Snoop/Elon pump from the past few days, but if you ever hear me complaining about a 4 bagger feel free to smack me right in the mouth.
@DrBuster said:
I did get out of DOGE in real life. Missed the Snoop/Elon pump from the past few days, but if you ever hear me complaining about a 4 bagger feel free to smack me right in the mouth.
With everyone saying how silly doge is, I wonder if that means it’s the perfect time to buy.
So Tesla has $1.5 Billion (enumerated in US Dollars) in bit-coin and are going to take it in payment for cars but not quite yet because they have to figure out how it will work? Is it money or an investment or a gold replacement or a scam? It seems you wouldn't want your money to go up or down 5% or more in one day.
Successful BST deals with mustangt and jesbroken. Now EVERYTHING is for sale.
Comments
I don't understand bitcoin, no matter who explains it to me. Anyone care to explain on simple terms?
I don't understand writing computer code but I once made a lot of money with Microsoft stock.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Sorry, the best I can do.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
"Each Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the blockchain. People can spend their Bitcoins fairly anonymously. Although all transactions are recorded, nobody would know which account number was yours unless you told them."
And, they have become the new "cool" T-shirt.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
So far the correction was mild.
can cryptos eventually reign in reckless money printing?
The more that central banks see this threat the more they will unite to squeeze cryptos.
The days are likely numbered for crypto profit opportunity, but they remain in the short and intermediate term. Money printing is crypto's best friend (as with gold), and the blue wave's (demo sweep) first order of business, $1T-$1.9T in new stimulatto, will provide more crypto/PM fuel. The blue wave's agenda will pump both cryptos and PMs for the foreseeable future as it continues to place its misled faith in the Magic Money Tree. Any interference in sky high price moves will come from new controls for cryptos and old futures market shenanigans for PMs.
MMT, the official credit card of the ruling party, will prove to be a driver of any asset that maintains dollar value until the inflation it reaps reveals the ugly face of free money.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
comparison of the two largest cryptos:
Bitcoin
1 month performance +54%
3 month performance +214%
1 year performance +308%
Ethereum
1 month performance +86%
3 month performance +236%
1 year performance +654%
What's in your wallet?
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
You forgot to add the standard disclaimer: "Past performance is no guarantee of future performance."
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Works for me. Everyone else is completely on their own.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Money I can spend anytime, anywhere
That's what I'm talking about Only thing sitting in my wallet is the Benjamins. If I have bitcoins in my wallet the only way I can cash them out is if I can find anyone dumb enough to buy them.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
I just sold some bitcoin on Robinhood quicker than it took you type that. lol
The track record of your Benjamins (hope you spent them yesterday):
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Seriously?
I wanna say literally every major bullion house accepts cryptocurrency, or “Bitcoins”
APMEX
Provident
Money metals
Bullion exchange
Bullion star
Ect
Ect
Surely the fact that I can cash out for colt hard assets like silver gold platinum palladium rare coin or whatever lends a small credence of legitimacy here right?
And last I checked buying and selling cryptocurrency in Robinhood is just like buying and selling in paypal, you are playing in their sandbox and are not able to withdraw your cryptocurrency... remember if you don’t own your private keys you don’t own your coins.
Not to say people aren’t making dollars trading on those platforms,
It's all about what the people want...
Try using Bitcoin at the 7-11
Try finding a 7-ll
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
https://getblockcard.com/
... it’s already happening
It's all about what the people want...
I bet they quickly convert these bitcoins into $$$$$.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
2 gas stations within 2 miles of me have bitcoin atms and have for years at this point. The fees though are high, I think like 25% I saw on one.
@LukeMarshall, yes some businesses claim to accept bitcoin as payment, but most (including Apmex) aren't technically receiving bitcoin. They're using Bitpay or > @PerryHall said:
Correct. For example, Apmex uses Bit pay, a third party transaction facilitator. Your purchase is converted to dollars for payment to Apmex. Apmex doesn't actually hold bitcoin. Another example is Peter Schiff's Euro Pacific Capital. The guy abhors crypto, but you can pay for products and services there with bitcoin. There are relatively few legit businesses that will actually provide for a transaction between your bitcoin wallet and their bitcoin wallet. Thus, hodl (hold on for dear life!).
Using bitcoin as a currency is cumbersome and takes longer than a few minutes and requires a "digital wallet." Investing and holding bitcoin in a digital wallet also takes a lot of effort.
Quickest and easiest way to ride the crypto train is through investments with a third party who actually holds the bitcoin. Robinhood and paypal, among others, provide this service.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
“Ultimately, bitcoin is going to collapse, and any demand that it might have siphoned away from gold is going to return to gold. The bitcoin story is one of a bubble; it’s a modern-day Tulip Mania, it’s fool’s gold.” - Peter Schiff
Very likely that he is correct. Hopefully "ultimately" is far down the road. Cryptos so far are the Magic Internet Money Tree.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Interesting comparison of Bitcoin to Tesla. Proof that a rising tide money supply lifts all boats?
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Looks like the millennials living their dot com tulip bubble to me. Look out below. lol
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Asset bubbles are some the best opportunities a diligent investor will ever see.
But, beware the pin.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
You certainly have a tendency to buy the top. Glad Don Ho taught me the opposite. To each their own. CGRTS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Rappers are pushing them now, so the unknowing are trying to buy in. This is the death-nell - just like when your shoeshine boy gives you stock tips.
LOL. If you knew the difference between a top and a bottom your "gutter metal" would be golden.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
This feels a lot like 1999...substitute TSLA for AOL!
The CoinStar machine at my local supermarket has a sign on it that says" "Buy BitCoins Here".
I wonder if or when the new Quantum Supercomputers (which are claimed to be 1.5 billion times faster than existing supercomputers) will be able to hack crypto currency systems by correctly guessing all the codes ?
The federal government was able to access close to a $Billion worth of Bitcoins from drug sellers/cartel, but won't say how they were able to gain access.
Should have just kept using $100 bills like they used to.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Rest assured, despite ms. Yellen's view of bitcoin, far more US dollars are being used in illicit trades today than there ever could be in bitcoin.
Get ready for a correction. I just bought in. Already down 10% from entry point.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
First Bitcoin trust to trade on Toronto exchange.
"The Fund’s investment objectives are to seek to provide holders of Units (“Unitholders”) of the Fund with exposure to digital currency bitcoin (“Bitcoin”) through an institutional-quality platform that is cost-efficient to Unitholders and to provide a secure, simpler and exchange-traded investment alternative for buying and holding Bitcoin."
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Everyone knows you use rare stamps on an envelope, just ask Cary Grant.
Who else thinks ETH will eventually overtake BTC in market cap? Disclaimer: I'm not convinced of long term success of cryptocurrency, but I do dabble in a few of them for FOMO. Plan is to gradually get out principle plus, then leave an equal amount behind for the longer term. ETH has been really strong lately and getting hyped over the concept of smart contracts.
Me thinks I'm glad I re-positioned to ETH.
to answer your question, No
With a price of $37,134 BTC has a market cap of $691B
With a price of $1631 ETH has a market cap of $186B
would take a whole lot of BTC losses and a whole lot ETH gains for it to happen. Normally, they both move in the same direction. It's like a racehorse trying to catch one that is moving at the same speed
ETH is hitting new highs today and I suspect has a lot more upward movement in store.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
But.... ETH, unlike BTC, has no hard limit in number of coins. The BTC to ETH price per coin ratio could remain the same (~25:1) while ETH's market cap gradually catches up.
The only way I see ETH market cap matching that of BTC any time soon is for BTC to take a nuclear direct hit. Maybe some SEC fingers in the pie. Otherwise BTC will remain the daddy bear and ETH the baby bear and they will continue down the same price path holding hands.
ETH has shown much better percentage gains and if it continues yes, ETH will catch up with BTC way, way down the road and not any time soon without a BTC black swan.
I see BTC as like gold and ETH as like silver. And you know I loves me some silver - more volatile with greater trading opportunity.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Within the crypto community, LTC is already generally accepted as silver to BTC's gold:) Maybe ETH is more like palladium?
I'm a silver and gold sort of guy. ETH is my silver crypto.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Man these doggy coins are going to pluto. Wish I had bought more.
I got like 5 years of silver gains in less than 5 days. And all I had to do is click a button, no hauling around and storing hunks of gutter metal. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
I "bought" $9000 in Doge on December 31. It is now "worth" $140,000. Too bad Ms Morrisine has control of my digital wallet in the 2021 investment contest
careful, that doggy has a big bite. And don't leave him unattended overnight.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Looks like Snoop Dog became Snoop Doge overnight, hence the big gain. lol My best investment of the past decade and it's all an imaginary made up joke. Crazy World!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
I did get out of DOGE in real life. Missed the Snoop/Elon pump from the past few days, but if you ever hear me complaining about a 4 bagger feel free to smack me right in the mouth.
And jumped back in this morning. HODL you wsb retard, smh.
With everyone saying how silly doge is, I wonder if that means it’s the perfect time to buy.
So Tesla has $1.5 Billion (enumerated in US Dollars) in bit-coin and are going to take it in payment for cars but not quite yet because they have to figure out how it will work? Is it money or an investment or a gold replacement or a scam? It seems you wouldn't want your money to go up or down 5% or more in one day.
Successful BST deals with mustangt and jesbroken. Now EVERYTHING is for sale.