unironically who the fuck is buying this shit at $110k?
Unironically who the fuck is buying this shit at $110k?
They're buying the ETFs. $48/share for something that can easily do a +50% in the next month is quite reasonable.
there's so much money out in the world being thrown around and lost and burned every single day is it really so hard to believe that someone might want to put theirs into cryptographically secured digital gold?
Nobody. It's pumping on low volume and 90% of the volume is wash trading to begin with, done via tether printing. Crypto is literally a scam, in every way.
kek, it's over for the fiat parasites
unironically who the fuck is buying this shit at $10k?
unironically who the fuck is buying this shit at $20k?
unironically who the fuck is buying this shit at $30k?
unironically who the fuck is buying this shit at $40k?
unironically who the fuck is buying this shit at $50k?
unironically who the fuck is buying this shit at $60k?
unironically who the fuck is buying this shit at $70k?
unironically who the fuck is buying this shit at $80k?
unironically who the fuck is buying this shit at $90k?
unironically who the fuck is buying this shit at $100k?
unironically who the fuck is buying this shit at $110k?
Now that we've bankrupted enough of retail and kept them poor we can start the bullrun so they realize much less gains.
BTC has a 24 volume of 83 billion right now. Apple, with a market cap of 3 trillion, had a trading volume of 59 million today. What the fuck are you talking about?
You can go back way further than $10k. People were saying this shit at $100. While I understand being extremely reticent to go in on something as unfamiliar as Bitcoin, you'd think they'd at least check their premises instead of just squawking "lmao who the fuck would buy at x price" over and over like a retard.
normalfags, celebrities and content creators, they're not aware of how it works and only read news about bitcoin hitting lows, so that they can meme about how much of a ponzi scam the whole crypto thing is and how smart they are for not being part of that, but then, when they read about bitcoin breaking a record price along with other coins, and see some shill accounts making bank, they fall for the fomo hard.
he saw a bobo poster write "low volume pump" once and thought it sounded smart.
It's all the DCAs
Michael Saylor and a couple leverage-addicted whales
One sneeze to 95k and a few bp's higher on bond yields and it's fucking ogre for a while
I buy some every time I order premium high heat cocaine off the darkweb
LMAO i came here to post this, no coiners in shambles
I am buying, I am that retard. You really think it caps at 112k? Some of us have earned income since 2019.
You had 10 years.
Wash trading: is a form of market manipulation in which an entity simultaneously sells and buys the same financial instruments.
Yep, just whales trading between themselves to pump up the price, and get the dumb money to pile in. Bitcoin is a liquidity sink to keep money from going into real assets.
shit
Says a lot about you, anon
Institutions who are smarter than you
But BTC is a real asset....
Real assets are tangible things. I don't consider any digital scheme to be an asset. No, not even stocks or fiat dollars. Today I went shopping and one of items I bought was a can of mushrooms. Before covid it sold for 54 cents. After covid, it sold for 94 cents, and today, Walmart raised the price to $1.50. A can of mushrooms is still a can of mushrooms.
What makes for a good currency is when everyone is using it to buy and sell things. People aren't using BTC to buy anything, they buy it, and hold it, and the amount of people doing that is pretty low compared to the amount of people actually using an actual currency. I honestly can see what gives it it's value. You might say scarcity but it's scarcity of something people don't actually need.
I honestly CAN'T see what gives it it's value.
Holy fucking shit, trips of God witnessed. It's true though, BTC is powerful because it enables nations to participate in the global economy without being forced into converting to "''''""""''"The Dollar'"""''''""''" first
Bitch please, I can't believe you're still using that decade old narrative. The real power of BTC is that it enables the world economy without the global hegemony of "'''''"""""'The Dollar""""'''''"""""
Ch- ch- ch- ch- ch- ch- checked!
Full retard, BTC is a hedge against the corruption of """""""'''''"""The Dollar""""''''""" and how those in charge of its value continue to devalue it
Yeah, that's why China and Russia are using it between them for trade. Oh wait, no, they aren't.
I got you triggered huh. lol You're getting all angry and shit. I hope you don't have all of your eggs in that one crypto basket.
You say that because you have no clue how much BTC is being used to finance the wars that's going on right now.
I don't doubt that it's being used for some of that.
Now you know why it has value
That's still not enough people using it for trade to make them actually care. A whole nation of people using a currency for trade is a pretty good currency to hold if that country isn't drowning in debt. Gold is well, gold, a real asset.
Lmao, you truly have no clue. The military industrial complex is significantly larger than the oil industry, however the buying and selling of those weapons and equipment is usually restricted and BTC is one method of obfuscating the logistics
Imagine if a country out there had a currency which it could absolutely guarantee, with total certainty, was totally immune from inflation; their government could literally never print more or destabilize it. It was also usable anywhere, anytime, for virtually anything. It would, by default, become the global standard for anyone who wants to avoid inflation yet also have a more liquid position than just holding a bunch of gold in a lockbox somewhere. Hence, bitcoin. I will see you all at $10m
Yes, it was clearly made for war like purposes. Not going to argue with you on that one. If the dollar collapses, say goodbye to the bitcoin value.
Similar to this, but not quite. Coinbase is in the S&P500 now. Your everyday retiree with a 401k is buying a little Coinbase stock with every single paycheck, which allows Coinbase and other market makers to buy Bitcoin.
If the dollar collapses, say goodbye to the bitcoin value.
Lol, lmao even, I'm American too but you can't seriously believe this. If the world continues to rely on The Dollar for its reserve purposes, the world economy is at the mercy of America's fucks up economics of enriching itself at the expense of the world. My point is, it wasn't made for the purpose of war but because BTC has proven itself over the past 15 years, is becoming currency enough to become the sinews of war. Don't forget the old saying that it's money that is the sinews of war
That is ultimately the core problem of The Dollar. We force the world to exchange in The Dollar but we continue to devalue it. There's a reason our country keeps dropping in credit rating and trust at the global stage. The Dollar Ponzi is losing its trust
As much as people talk about the tangible benefits of bitcoin I think the price mostly comes down to just people being greedy and hoping to make money
And I think that a lot of the benefits people talk about become moot when you have to convert it to real money to actually buy what you want.
It was clearly made by the government for clandestine purposes. If USD collapses, bitcoin will go with it. It interest rates keep going higher on bonds, both stocks and crypto will take a hit as people invest in bonds.
You can't blame greed as it's a symptom of the state of the world and the programmed depreciation of BTC because it was a currency first designed to separate us from the clutches of """"'''''"""The Bank''""""""
I don't know how much of it was actually made by the government but I've heard the theories, it doesn't matter anyways because I guess the real truth of the moment is that the rest of the world is so attached to trading with The Dollar that is the USD collapses, the global economy has bigger problems and that's also another reason to want to separate from The Dollar and work towards a more decentralized form of currency
No, I think you had it right when you said it was being used for war purposes, and I'll add espionage purposes too. They made you think if was to separate us from banks. The crypto exchanges are extremely tied to banks, so you haven't exactly separated.
Not initially but you are right, CEXs have become The Bank 2.0
They are trading with their own currencies and gold or bartering products.
Locally sure but at the global stage, in order to participate in any real market it requires exchanging to The Dollar first
Between western countries. Brics is trading outside of that.
I'll bring this up again because this is the reason we entered this exchange in the first place. If you don't think there are large Western corporations who supports the goals of BRICS through clandestine funding with cryptocurrencies then you're native and still living in the "old world"
native
Naive*
Maybe they are, you've got me there, as I have no idea about that.
That's the real power of BTC. It allows nation states to perform clandestine operations while obfuscating their paper trail and that is especially most useful in the space of the military industrial complex. We're well past the usage of cryptocurrencies for every day exchange of goods, is not an ideal medium for that. The real power of cryptocurrencies is the power of giving nation states their own autonomy without sacrificing global trade because of American Sanctions and stuff
I still say that BTC is going lower as bond rates go higher. They are going to start QE again, and buy bonds to keep the rates down but they are still going to keep going higher. People will buy bonds at higher rates, stocks and crypto will get sold off. Gold will go higher.
You're right in that that assessment I think but ultimately both will balance each other out abd the primary moves will be based on whichever provides more value (both in growth and purchasing power). I'm not against the idea, I'm American too and if the US can gets fiscal policy together, it would be a relief but I'm not counting on it. All my life I've experienced a devaluation of The Dollar, I don't expect it to change ever.
This. Bitcoin is DEAD.
i would if i had spare cash right now
digital gold
lol, lmao even
YWNBG (You Will Never Be Gold)
Correct, Bitcoin is going to surpass gold.
Imagine buying digital shares of physical gold. Pure retardation. Physical gold? Illiquid dogshit. A digital share of Bitcoin IS the Bitcoin. It's not some claim that you have to some physical partition of gold that will be easily swiped from your "control" if the global economy does shit the bed. No, it's going to be "lost" and your digital right to it is worth exactly nil. The logical decision - cut out the middle man. The digital right IS the gold. That's Bitcoin. Ergo, $10m 2040. It's right in front of your eyes and has been in front of your eyes for too long for anyone to claim ignorance any longer.