You know its coming
You know its coming
Why won’t Eric make them buy ETH?
Yes this time its different
Unironically yes. The Trump admin is deep into Bitcoin and they will pump it for their own benefit and that of their allies.
Do the cryptotards who backed trump really think it was a good idea to politicize crypto like this? They have now made it deeply a partisan issue.
Maybe this is good for them in the short term while Trump is in office, but it also means that it's now all but guaranteed that the next democrat government is going to sell every single bitcoin that the US government has. They built up a huge stockpile (during Biden's term, no less) with no signs of that really changing, but now it's going to be dumped all at once in just 4 years. Probably causing the most massive crash seen in modern crypto history.
trading real gold for speculative gold
Holy shit LETS GOOOOOOO
4 years is enough to reach escape velocity. And it's enough time to get a fully legal industry up and running.
yeah just like the strategic bitcoin reserve amirite
And it's enough time to get a fully legal industry up and running.
lol, it has already had 15 years to do that. There already IS a fully legal industry, and a massively profitable one. If they haven't been able to do more with this field by now, it's never going to happen.
They're doing other things to pump ETH
15 years after the internet was invented was the early 80s.
The internet required a worldwide build-out of an entire new form of infrastructure. Of course it was going to take a long time. Crypto only requires downloading a piece of software. The hurdle is incomparable.
A much better comparison are other new kinds of services that was built on the existing internet. How many users did Facebook have 15 years after its founding? Google? Spotify? Steam?
what gold?
Find out Fort Knox doesn’t have half the gold it’s supposed to
sell the non-existent gold to retards like Schiff
buy cheap bitcoin
pump it mega
Schiff and retards get on bitcoin train
dump bitcoin for actual real gold from retards for fake digital currency
gold soars
bitcoin dumps
now Fort Knox has all the gold it says it does AND it’s worth 6000 an ounce instead of 3
Art of the deal, this is why I voted for him
It was already a deeply partisan issue, Dems more or less tried to kill crypto with operation chokepoint and Gensler
There will be no gold put back in the reserves enough to cover our debt and USD money supply especially since COVID. So you're correct up to the Schiff comment, no one is going to be dumping Bitcoin soon --- it will take time to absorb the clown show (money printing by a private bank). This will be so successful that you will vote for Trump again (yes more than 2 terms).
so what does this mean for people borrowing money from us? at least the treasury is backed by gold, if its backed by a literal made up coin that has no actual value...why would anyone borrow?
shiny rocks autist seethe when they see this post
It's not backed by gold, it's backed by the threat of our military.
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t-t-there w-wont be a-any g-gold its too r-rare
n-noo p-pleaze d-dont d-dump b-b-btc t-tgey c-c-cant do t-thatt
Coping baggie loser jidf agent. Get wrecked; tokens have zero cash value.
so what does this mean for people borrowing money from us? at least the treasury is backed by gold, if its backed by a literal made up coin that has no actual value...why would anyone borrow?
MORE USD DEVALUATIONS AND SIMULTANEOUS INFLATIONS WAHHOOOOOOOOO
LIKE MEMBER WHEN ELON HAD TESLA HOLD BITCONNECT FOR 6 MONTHS??
Instead of shilling talking points, you might make more money getting ahold of some Bitcoin. Why do you think you're paid so little in fiat, it's to keep you in servitude, you know, kind of like your role in your current 'employment'.
it's backed by the threat of our military.
Those days are gone, boomer junior
Bitcoin is fiat
there are people on Anon Babble who believe we are still on a gold standard lmao
Not yet, but it could be. I suggest you read a dictionary lol wtf
The government created bitcoin as a money sink for non-tangible goods, read a book
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dude buy btc at the top trust mebro plz
Wow, youre actually that turbojew baguette who tries to get people to buy at the top fucking kek meanwhile, youre down over 30% on your btc holdings; what a dumbass.
Let's say you're right and Satoshi Nakamoto is the US government (which is not proven)...then it is even more likely that it was a mechanism created to undo the damage to the USD value over time and would make sense why they printed like mad in COVID --- remember the 'coin shortage' and how the whole thing was about being distant and separate, making cash seem unattractive?
that it was a mechanism created to undo the damage to the USD value over time
It wasn't created to undo it, it was created to mask the damage that continues to happen. Derivatives markets continue to exist. paper IOU's continue to promise hundreds of times the actual existence of what's owed, and the printing hasn't slowed down in decades.
Every single dollar chasing bitcoin hoping to get rich is someone not purchasing something that actually exists.
The entire thing is a velvet rope blocking the entrance to the bank to prevent a bank run
When you buy btc, money never leaves the bank, its merely an intraccount transfer from yours to larry finks (jew)
So let's just continue this assumption that you are 100% correct. How do you square the fact that the US isn't the only country on Earth and neither is the USD the only currency on Earth and neither are the only Bitcoin adopters in the US. I hear you, I just think you're operating under a touch of tunnel vision.
How do you square the fact that the US isn't the only country on Earth and neither is the USD the only currency on Earth and neither are the only Bitcoin adopters in the US
Easy, the "reserve currency" exists. It all doesn't need to be contained to the US to be helpful to the US' interests
Imagine thinking that this shit is possible.
It was already a deeply partisan issue, Dems more or less tried to kill crypto with operation chokepoint and Gensler
This
It's a surface level analysis to think Republicans triggered crypto going political. It's like thinking trump made young men political. It already happened and MAGA figured out they could pick up a free support base from both persecuted camps
Okay, so then why was your comment here arguing in a US-centric context? Since you've been arguing in this context, why would a bank run anywhere else in the world or purchasing physical goods anywhere else in the world (you know, with their NON-USD) hold any water with your argument that the 'reserve currency' is all that matters? My point was that Bitcoin is NOT only in the US and it's just obvious that your worldview is compact and self-interested.
My point was that Bitcoin is NOT only in the US
Correct, neither is the USD.
Source: bro trust me
You could only be thankful that the US will sell its bitcoin at that point (hint: they won't) because there's only about 2 million left on exchamges and all the major financial institutions, many nations, many US states and various companies like strategy, gme and meta planet etc... are all buying as much btc as they can. It's a matter of time until it's all gone and price goes up bigly. So bigly you'll be priced out forever.
There already IS a fully legal industry
Not really
and a massively profitable one
Definitely