The incoming BTC crash

[0FXTrader0]

Mexico’s Third Richest Person Ricardo Salinas Includes #Bitcoin In Twitter Bio...then Tesla buy $1.5B, Musk gonna be left holding the bag when this reverts it could go to 100k first I would not be brave enough to short the bubble but Central Banks are going to be on red alert now the billionaires are rising to the bitcoin tune. The CB's have to preserve the faith and use of fiat.

 

[MasterOfCoin]

I don't think crypto is the answer the Government in the US confiscated the gold before so they can do that with crypto. Equities are a better option against the inflation. But what happens if the iou system falls apart.

And how exactly are they going to manage to do that,? lol.

It's impossible to confiscate something over which you have no control, no access to, and no way to prevent.

Which, of course, is the joy of cryptocurrency, it's yours and they can't steal it.

 

[MasterOfCoin]

Mexico’s Third Richest Person Ricardo Salinas Includes #Bitcoin In Twitter Bio...then Tesla buy $1.5B, Musk gonna be left holding the bag when this reverts it could go to 100k first I would not be brave enough to short the bubble but Central Banks are going to be on red alert now the billionaires are rising to the bitcoin tune. The CB's have to preserve the faith and use of fiat.

The Central Banks are doomed.

 

[0FXTrader0]

It's quite simple they make it illegal to own crypto. The central banks have more power than the retail vigilanties.

 

[MasterOfCoin]

It's quite simple they make it illegal to own crypto. The central banks have more power than the retail vigilanties.

If they thought even remotely they could enforce that, they'd have done it long since.

But the cat's out of the bag, so the strategy is damage control and misinformation.

The trouble is, the more publicity crypto gets, the more Joe Bloggs learns that Fiat is Fake.

 

[0FXTrader0]

Fiat is getting inflated away but that does not make BTC the saviour, if something is made illegal most citizens will forfeit there crypto just like they did with gold.

 

[MasterOfCoin]

View attachment 296097
Fiat is getting inflated away but that does not make BTC the saviour, if something is made illegal most citizens will forfeit there crypto just like they did with gold.

Yeah, well, Gold being a physical thing, you don't have much choice, they simply steal it if you don't hand it over.

It's somewhat more difficult stealing something that only exists in cyberspace on servers most of which are not under the jurisdiction of any single government or even a coordinated pact or group of governments.

You can't steal what you can't access, however much you'd like to. lol.

 

[0FXTrader0]

The government won't allow a competitor to the USD. They won't need to step in because the next crash in crypto will do that for them.

 

[0FXTrader0]

Cryptocurrencies will not last in their current state. Bank of England Governor Andrew Bailey has said that cryptocurrencies in their current form will not last.

Next BoE Governor: 'Be Prepared to Lose All Your Money

 

[MasterOfCoin]

The government won't allow a competitor to the USD. They won't need to step in because the next crash in crypto will do that for them.

I'm not suggesting it won't get ugly, lol.

Ask anyone in the Middle East what happens when you price your oil in anything but dollars !

All the next crash in crypto will do is wipe out the speculators, it's volatility has little impact on the ever-growing core user base actually using it in preference to fiat cash.

 

[MasterOfCoin]

Cryptocurrencies will not last in their current state. Bank of England Governor Andrew Bailey has said that cryptocurrencies in their current form will not last.

Next BoE Governor: 'Be Prepared to Lose All Your Money

He's right.

There'll be some super-mega-bubbles in the crypto world.

Anyone planning to get rich quick might just as well go visit a casino and go wild.

And so what? Tough. Crypto is here to stay.

You just can't put the genie back in the bottle.

 

[MasterOfCoin]

Ooooooh, look see.

Tesla has $1.5 Billion invested holdings in Bitcoin.

The Fed should seize that immediately!

 

[0FXTrader0]

Don't rule that out the coin has nearly a trillion in mkt cap things getting real.

 

[0FXTrader0]

It seems that the loudest crypto bulls own businesses built around crypto, there selling the shovels for the rush of wannabe crypto miners.

 

[MasterOfCoin]

Heck, if you're going to have an internet-connected pc switched on for any significant lengths of time, then mining crypto is an absolute win-win no-brainer, much as diverting water runoff from the roof to irrigate the garden. You're using and paying for the energy and bandwidth anyway, so why waste it, when you can get something out of it.

No, it won't make you rich, but it will recoup a few £'s towards those bills which is better than nothing.

It's easy, it's effectively free to do and every little helps.

 

[0FXTrader0]

talking about the Americans who own the exchanges and wallets in there interest to bull the price

 

[MasterOfCoin]

Ahhh, you mean the snake-oil vendors.

Roll up, roll up. Gold is soaring!

'Going digging? Get your patent shovel here and strike it rich! To you, sir, today only, two for the price of one.'

I believe it's called taking advantage of a business opportunity.
aka A gold digger and his money are easily parted.

Ya gotta love naked capitalism in full swing.

😁

 

[BigDeal]

Heck, if you're going to have an internet-connected pc switched on for any significant lengths of time, then mining crypto is an absolute win-win no-brainer, much as diverting water runoff from the roof to irrigate the garden. You're using and paying for the energy and bandwidth anyway, so why waste it, when you can get something out of it.

Mining is not as easy as that. An individual has no chance, joining a mining pool may get you a result, but unless you have a dedicated processor / miner you will get a miniscule reward even if your team win the race to mine the next coin

 

[MasterOfCoin]

Mining is not as easy as that. An individual has no chance, joining a mining pool may get you a result, but unless you have a dedicated processor / miner you will get a miniscule reward even if your team win the race to mine the next coin

I didn't say it was profitable.

I said you might as well tap some of the electricity you're using anyway to offset against what you're paying for it.

There are loads of free software tools and mining pools and the only effort required is the install.
Anyone capable of adding a new app to their phone or program to their pc can do it.

It's peanuts, but it's free money.

 

[0FXTrader0]

There's a cottage industry of youtuber's ramping the digital coins and earning off affiliate links.