Who had that Bitcoin target price prediction?

ghost_of_lewis_samuels

Phil Edwards status
Oct 27, 2019
6,191
4,062
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You'll have to open an account at the Fed or Treasury to use CBDC and they will then have direct access to your records in some form as does your bank at the moment. Or some variation of this.



I very much do understand how it works.

I don't think you understand how it works is going to change - either via the those those involved directly in crypto or via the government.

The crypto libertarian fantasy is just that - a fantasy.

The very definition of crypto will have to change in order for it to grow broad acceptance and usage.

Especially after the "first impression" crypto offered the world as a risk asset.

And first impressions are everything.
i dunno if the miners will go for it.
 

Senor Sopa

Billy Hamilton status
Mar 11, 2015
1,366
2,176
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Ponto
You'll have to open an account at the Fed or Treasury to use CBDC and they will then have direct access to your records in some form as does your bank at the moment. Or some variation of this.
And your social credit score. Be a wave hog, get shut down at the diner and beer mart.
 

sussle

Rabbitt Bartholomew status
Oct 11, 2009
8,390
7,766
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Which is what makes all this so fvcking hilarious to watch... and an eventual failure.

When you have guys like Vitalik invoking the the FDIC as crypto "investors" get swindled and lose everything it's plainly obvious this whole thing is either headed towards centralization (as all uncentralized things tend to centralize in some way) or government regulation.



Correct.

The explosion of Bitcoin was pure getrichquick price chasing that turned it into a risk asset.

Most people couldn't actually explain why this thing that was nothing was priced as much as it was.

There aren't as many new suckers to buy in now, nor will there be in the future, because the novelty has run its course and most have jumped ship. They won't be getting back on the boat.
so here's your chance to put your money where your mouth is:

 

casa_mugrienta

Duke status
Apr 13, 2008
43,212
17,642
113
Petak Island
so here's your chance to put your money where your mouth is:


Pass. I already have exposure in a similar way.

Here's something for you guys:


GBTC trading at a 30% discount to NAV

Still waiting on ETF approval.

Pretty amazing opportunity if you're a BTC believer.
 

crustBrother

Kelly Slater status
Apr 23, 2001
9,084
5,172
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"A little-known provision of the infrastructure law passed last November will, starting in 2024, require certain taxpayers who receive more than $10,000 in digital assets a year to reveal to the IRS the senders’ identity, Accounting Today reported. "

"Under the provision, recipients of digital assets will be required to report the sender’s name, address and Social Security number within 15 days. Civil penalties for those who accidentally overlook the requirement can reach as high as $3 million. And recipients who intentionally disregard it can be charged with a felony and face up to five years in prison and higher civil penalties. Corporate violators face fines of up to $100,000 per transaction "
 

LifeOnMars

Michael Peterson status
Jan 14, 2020
3,164
2,106
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how brutal is this October gonna be I heard at least another 2 x the amount of loss so far by the end of the year...
fire up the shorting cannons, no problem at all sir :monkey:

ride it all the way down to near bottom and scoop up long term bags on the cheap

people don't like when things are on discount? :socrazy:

hodlers are loosers in the short term, learning how to trade even at an elementary level will greatly improve your investment successes
 

ghost_of_lewis_samuels

Phil Edwards status
Oct 27, 2019
6,191
4,062
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how brutal is this October gonna be I heard at least another 2 x the amount of loss so far by the end of the year...
2x the amount of loss that we've already seen would bring us into negative number territory.

either way, any more context, what have you heard?
 
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stringcheese

Miki Dora status
Jun 21, 2017
3,926
3,699
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Trading random coins is fun right now, with the mostly sideways movement. Some of these things are so small though, if the money doesn't start coming back in there will be die offs...I was able to noticably move the price of DAO twice yesterday :LOL:
 
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VonMeister

Duke status
Apr 26, 2013
20,251
6,976
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JOE BIDENS RAPE FINGER
Crypto is like playing blackjack. Bet your runs and know when to cash.

People with brains know that portfolios without cash flow are useless. Crypto is sport. Stocks and funds are long term growth and Real Estate is wealth. When interest rates are high or RE is down you still cash flow on rent. When real estate is so bad that people can't afford to buy homes, like is California right now... you raise your rent and cash flow harder.
 

LifeOnMars

Michael Peterson status
Jan 14, 2020
3,164
2,106
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Crypto is like playing blackjack. Bet your runs and know when to cash.

People with brains know that portfolios without cash flow are useless.
this is probably the only useful advice out of your whole paragraph, knowing when to exit is key. a winning position can turn into a looser in the blink of an eye.

stonks are for dummies, only hope is for a share of returns and numba go up. accounting for real inflation of 15% and money printer this asset class is basically flat in real terms. you pay for Jeff Bozos yacht and he laughs all the way to bank.

RE margins are so thin you may as well open a restaurant or a grocery store

crypto is the only logical endpoint, we'll see who makes it out of this bear market alive