Bitcoin Surge
- Thread starter Flash
- Start date
I only threw in how much I wouldn't give 2 fucks about losing. It's more than quadrupled since, but that's not near enough to wanna cash out. If it goes 20x then we might be getting somewhere.
Ltc is in the $hundreds I don't think that qualifies as a shitcoin but I never heard that term before yesterday so whatever
that can be said about a lot of things right now
there has been no time in history where there was lower guaranteed returns with higher risks
and the vix seems to be the inverse of what we see with our own eyes
i mean housing to stock market..........all insane
and with that said bitcoin could very well be the biggest bubble mania above and beyond the great tulip bulb frenzy (adjusted by inflation and by a factor of over 10x)
what a crazy world we living in i say
It's absolutely fucking insane. People are throwing money into a digital abyss and many are getting stinking rich doing it lmao
But the writing is on the wall. When the bubble reaches the mainstream masses, it's a done deal.
my thoughts too......exactly my sentiments
i mean i just saw a tabloid spam mail thing trying to get old people who can't even use a computer to buy into bitcoin futures and buy books on the topic
i think that is pretty much the peak of the bubble
but what scares me is what if fiats collapse first?
i mean the asians really fueling this bubble and now that they can't just buy overpriced real estate in new zealand (even if they wanted to) to vancouver (tariffs) they think bitcoin is great source to get it out of china
now with all the dumb embargos to trade barriers cartels to oil producers are using this to transfer funds without government approval
i mean this is legit becoming theeeeeeeeeeeeeee way that money is changing hands
in a world where everyone is building walls and destroying bridges the simplicity and cost of using bitcoin might make or break the actual status quo.......
as global governance and central banks fight harder to invoke ZIRP and NIRP.......clamp down on markets..........bitcoin looks real promising by comparison.
many many growing markets are approaching gray and black in terms of legality and bitcoin is how any of it gets done.
i mean i just saw a tabloid spam mail thing trying to get old people who can't even use a computer to buy into bitcoin futures and buy books on the topic
i think that is pretty much the peak of the bubble
but what scares me is what if fiats collapse first?
i mean the asians really fueling this bubble and now that they can't just buy overpriced real estate in new zealand (even if they wanted to) to vancouver (tariffs) they think bitcoin is great source to get it out of china
now with all the dumb embargos to trade barriers cartels to oil producers are using this to transfer funds without government approval
i mean this is legit becoming theeeeeeeeeeeeeee way that money is changing hands
in a world where everyone is building walls and destroying bridges the simplicity and cost of using bitcoin might make or break the actual status quo.......
as global governance and central banks fight harder to invoke ZIRP and NIRP.......clamp down on markets..........bitcoin looks real promising by comparison.
many many growing markets are approaching gray and black in terms of legality and bitcoin is how any of it gets done.
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Bitcoin Bug Bites Japan and South Korea as China Clamps Down - The New York Times
South Korea bans raising money through initial coin offerings
things like this used to drop bitcoin 20-30% over a few days
now it just fuels the bubble even more
people ask wtf u really going to do about it?
bitcoin can't be stopped until it flops and pops itself
South Korea bans raising money through initial coin offerings
things like this used to drop bitcoin 20-30% over a few days
now it just fuels the bubble even more
people ask wtf u really going to do about it?
bitcoin can't be stopped until it flops and pops itself
there have been some good articles on zerohedge about this
about how cheap and efficient bitcoin is to wire and transfer money from country to country is compared to other options
legal options which are getting really locked down over "money laundering" inquisitions
red flags
endless tax issues
fees
etc
i forget the exact numbers........but to wire say 10 million via bitcoin vs. SWIFT is huge differences (not to mention days delays)
the more accepted it becomes the more normalized it becomes and the more people begin to question why they hold or work in US DOLLARS
but I agree with you that mindless speculation seems to be the biggest factor behind this surge
The Madness Is Back: Homeowners Take Out Mortgages To Buy Bitcoin, Cars And Wine | Zero Hedge
it is a mad mad world
and considering this is what the world reserve currency is now backed on (again)
"This Is The Craziest Mortgage Scheme I've Ever Seen" | Zero Hedge
who am I to laugh at one bad bet over another anymore
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shit is going to end badly
so badly
and i am not sure any hedge is going to save most of us along this trajectory
so badly
and i am not sure any hedge is going to save most of us along this trajectory
Do you just transfer bitcoin to another exchange and buy a random smattering of shitcoins?
normally i agree
NiceHash: More than $70 million stolen in bitcoin hack - Dec. 7, 2017
but man nothing derailing this surge for some reason
makes me wonder what will