Results 10,526 to 10,550 of 16103
Thread: Bitcoin....who's gotten into it?
-
08-11-2022, 05:02 PM #10526
^ you think this pull back to 10/15 k this fall is possible?
-
08-11-2022, 05:18 PM #10527
Morons regrouped with new talking points
-
08-11-2022, 05:42 PM #10528
Sure, anything is possible. But unless we get some sort of crazy series of events (inflation getting much worse, SPX/NDQ putting in new lows, civil war), I don't see us going that low.
https://twitter.com/WClementeIII/sta...23939366895617
-
08-11-2022, 06:25 PM #10529
What if the new cash infusion doesn't happen or doesn't sustain?
Originally Posted by blurred
-
08-11-2022, 06:38 PM #10530
-
08-11-2022, 06:41 PM #10531
^sort of implied w any investing discussion.
What do you want? To be poor, a crybaby, and a douche on the internet? I believe dunfree has a masterclass available.
-
08-11-2022, 08:06 PM #10532
No. You guys aren’t talking about ‘investing’, you’re talking about trading, at best, but actually just gambling.
Warren Buffet is an investor. What’s his timeframe to hold an investment? Forever.
You guys are trying to time the market by the day/week/month. That may be a fun game to play, and you may be able to ‘beat’ the market sometimes. But for everyone who beats the market someone else must have underperformed the market.
Don’t ‘trade’ with money you need, like your retirement savings; invest that. If you have some fun money to trade/gamble then go ahead and have fun.
-
08-11-2022, 08:11 PM #10533
What a bunch of BS gibberish.
Again, this is discussing trading, not investing, don’t confuse yourself.
The consensus forecast was for the Fed to raise the rate by 0.75 percent, which is what they did. If you were listening to some group that had a different ‘consensus’ forecast, consider changing you sources.
-
08-11-2022, 08:40 PM #10534
I've said it before and I'll say it again. Tradfi isn't embracing BTC because they want to. They're doing it because they realize how unstoppable it is. Look up JP Morgan Coin and how they abandoned it when they realized BTC is better.
If we move all the legacy institutions to BTC, an open and decentralized system, that's a win in my book. Why shouldn't I try to increase my net worth along the way?
Sent from my Pixel 6 Pro using Tapatalk
-
08-11-2022, 08:44 PM #10535
My strategy is to accumulate as much BTC and secondarily ETH over time. Sometimes there are obvious ways to do that. I will try to capitalize on them when they're available to the best of my ability. Other times, things are harder to predict and forces beyond our control take over.
I make good money spending a lot of time thinking about crypto. What do you get, besides dunked on?
Sent from my Pixel 6 Pro using Tapatalk
-
08-11-2022, 09:06 PM #10536
-
08-11-2022, 10:53 PM #10537
Unstoppable as what? I'm still waiting for that disrupter use-case, killer app n all that.
I dunno, my read isn't that they think Crypto is going to be an unavoidable force that everyone must reconcile with... rather, there's money to be made off unsophisticated traders.
Time will tell tho.
-
08-11-2022, 11:34 PM #10538
Stalefish believing he’s dunking on me:
-
08-12-2022, 05:27 AM #10539I drink it up
- Join Date
- Oct 2002
- Location
- my own little world
- Posts
- 5,869
Bitcoin....who's gotten into it?
I don’t have lunch with Jamie Dimon or anything, but the arguments I’ve heard range from (1) a lesser of two evils, we should make sure we can at least do what we can to minimize risk for our clients otherwise they’ll go somewhere that doesn’t have their best interests in mind, to (2) at least this way we make money on the transaction if they convert their assets to crypto with us rather than just performing a withdrawal.
Of course, in any crypto conversation there are a smattering of people like stale at the table that everybody has to placate. In more polite company (I.e. not TGR) you let them go on and validate them but try to avoid letting them steer the conversation too deep into crazy land. Usually they’re token mid-management types or represent a fintech.focus.
-
08-12-2022, 08:56 AM #10540Originally Posted by blurred
-
08-12-2022, 10:49 AM #10541
-
08-12-2022, 11:14 AM #10542
-
08-12-2022, 11:35 AM #10543Rope->Dope
- Join Date
- Nov 2012
- Location
- I-70 West
- Posts
- 4,684
Mixers are already getting blacklisted. Fair or not, the feds have no incentive to allow "untraceable", "uncensorable", "anonymous" transactions on their watch.
-
08-12-2022, 11:41 AM #10544
-
08-12-2022, 11:50 AM #10545
Mixers are mixers. You don't need to use a mixer to send BTC. Sure governments will try to strangle on and off ramps, and continue to use KYC/AML as a tool of oppression, but pure BTC transactions are currently uncensorable.
Why do you hate freedom? Does your mom pick out your clothes for you in the morning?
Fact: Authoritarian rulers are getting stronger all over the world. Just because your preferred party is in the Whitehouse now doesn't mean it will be forever. How excitiled will you all be when President Desantis starts freezing everyone's money whose ever even thought of having an abortion? You think the SCOTUS is going to stop him? Good luck with that!
Anyone arguing for governments to have more control over OUR money is a fucking idiot.
https://freedomhouse.org/report/free...oritarian-rule
Sent from my Pixel 6 Pro using Tapatalk
-
08-12-2022, 12:06 PM #10546Rope->Dope
- Join Date
- Nov 2012
- Location
- I-70 West
- Posts
- 4,684
I like the doom and gloom future outlooks. Dystopia on deck! Start loading up on gold, silver, guns, MREs and crypto, eh?
Accountability of fiduciaries matter. Customer protections matter. Sanctions matter. Taxation matters (that's not fun, but it does!)
While crypto may work in the libertarian utopia of the mind, in the real world, there are interests that elected officials are incentivized to protect. I'd argue many are valid. YMMV
-
08-12-2022, 12:12 PM #10547
Maybe. I think there are a few flaws in this thinking like how you could be denied access to the technology to perform said transactions or more likely denied access to whatever goods n services you were hoping to exchange.
But probably more importantly, in 50 years I've never had a transaction 'censored'. I feel I'm fairly representative of most ppl. So who is supremely motivated by 'uncensored transactions'?
-
08-12-2022, 12:22 PM #10548
-
08-12-2022, 12:24 PM #10549
-
08-12-2022, 12:49 PM #10550
Bookmarks