I have my BTC in cold storage off exchanges except for a little in Coinbase. I think Armstrong is fantastic and avoids mission creep - he has a laser focus.
Majority of Country Not Happy With Things, But the same people stay in power.
- Thread starter i am herdman
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All my BTC is in cash app simply for the convenience. I don’t like having it on an exchange. Need to acquaint myself with cold storage.
Feds going to use the FTX false flag to regulate crypto markets and introduce CBDC. The Covid hoax and attempts to introduce vax passports was a pilot program to gauge the level of gullibility.
Anyone (rightly) freaking out over FTX ought to realize that the major brokerages are doing basically the same thing with your stocks as well. Selling you shares that don’t exist to manipulate the market.
crpto currency is a dangerous investment. Stick to good stock companies and stocks of the future. And always keep a reasonable amount of cash on hand.
I view it as a very speculative investment. I don’t have a ton.
I did invest in a mining server farm in Texas a few years ago. Also a speculative investment .
Should be viewed as very risky.
As has been the plan all along. Covid hoax deployed to test public’s willingness to be tracked, monitored and enslaved with Digital ID, health pass, social credit score — all made possible with CBDC.
The biggest fraud ever perpetrated on mankind.
I’m not putting a chip in my body.
I think social credit score is something many in power would like.
They use wokeness as a tool for climbing the hierarchy and stifling dissent. It’s a disease to so many industries.
These conversations are fascinating. Everyone knew what was going on, and he's verifying it. Would be like Epstein naming names and explaining his operation.
Meanwhile, he's down in the bahamas chilling like nothing's going on.
I always have said the feds would ruin crypto or CIA it. They don't want competing currency
FTX is nothing like the major brokerages/stocks.
You'll have to forgive H&H, he's mentally retarded and has no idea what he's talking about.
Crypto currency used as a "hedge" against dollar denominated assets or a play as an attempt to "store" wealth in the same manner...is silly. It's valued in "dollars".
Block chain as a technology will have it's uses. I just dont see its long term use as a currency.
Block chain as a technology will have it's uses. I just dont see its long term use as a currency.
Correct, but there is a key similarity.
What (well, one of the things) FTX was doing was taking money then not buying the crypto. So you give them $100 to buy bitcoins, they were keeping the $100 and on paper you'd "have" $100 in bitcoins. If bitcoins went up 10% they'd eat a 10% loss. If bitcoins went down 10% they'd pocket the 10% you lost if you "sold."
Now, that's bad, but it's not the root of the problem. Your $100, plus everyone else's $100 which actually added up to a significant amount, should have impacted the price of bitcoins. Higher demand should drive the price up, right? Except there isn't higher demand, because the bitcoins never actually got bought.
Brokerages are doing the same thing with stocks. You, the retail investor, want to buy a stock. They think it'll go down. They effectively create a synthetic share and "sell you the stock" except you don't really have the stock. This is called a naked short, and it dilutes the value of the stock. The buy should push the price up, but it doesn't. It's possible to buy more shares of a stock than actually exist. It's manipulative and it's bad.
You're an idiot.
Regulations Regarding Naked Shorting
The Securities and Exchange Commission (SEC) banned the practice of naked short selling in the United States in 2008 after the financial crisis.
Give him a break, he has only been a member of the Reddit investing community for 6 months.
I’m starting to feel this way too. I don’t see it as a daily currency but am still holding out a tiny hope for store of value. I was hoping there would be a "solution" to money printing and avoiding a digital centralized currency, and was hopeful BTC could fill that role....but probably just hopium.
at this point I'm just holding some in case it takes off as a speculative investment small portion of my portfolio. I think the best "hedge" is land...they aren't making more of that.
Voting authentication is tailor made for blockchain.
I've always felt crypto currency was the greatest "Tulip investment" of all time. When it began to be marketed to the masses with a gold looking B-coin, the bells and whistles started going off. "Mining.... bitcoin"???? I just couldn't buy it.
Maybe one day if the dollar and all other fiat currency completely collapse, go away and we have nothing else, but think about that scenario? You're still holding XXX.XX DOLLARS worth of crypto. Logically it doesn't make a lot of sense.
Not to sound like Schiff, but Gold and Silver will forever be the ultimate exchange of wealth....and land. Blockchain will be a technology with uses most of us cant imagine, yet.
Maybe one day if the dollar and all other fiat currency completely collapse, go away and we have nothing else, but think about that scenario? You're still holding XXX.XX DOLLARS worth of crypto. Logically it doesn't make a lot of sense.
Not to sound like Schiff, but Gold and Silver will forever be the ultimate exchange of wealth....and land. Blockchain will be a technology with uses most of us cant imagine, yet.
Absolutely!!!
have a client who got into bitcoin in the early years and has made a pile of money from it, cashing in a substantial amount the past couple years. he text me a couple weeks ago . . .
as far as naked shorting, sure, it's illegal . . . so is murder, theft, dui, etc.
as far as naked shorting, sure, it's illegal . . . so is murder, theft, dui, etc.
Just looked at my bitcoin account for the first time in a couple months. Looks like Ive lost $20,000 in the past 18 months. Goddamnit. Not paper loss, either. I bought $28k in bitcoin that is now worth $8500.have a client who got into bitcoin in the early years and has made a pile of money from it, cashing in a substantial amount the past couple years. he text me a couple weeks ago . . .
as far as naked shorting, sure, it's illegal . . . so is murder, theft, dui, etc.
I think what you did above is what dorks like you and the middle class refer to as "humble brag."
I have no idea what I'm doing with Crypto (or most investing). So I just throw tens of thousands in for fun, because it's play money to me. Sorry to hear about your $20k loss. I guess that means you have to keep making your wife work for a few more years and that you still aren't financially comfortable enough to move out of Huntington yet.
It just keeps getting better. "I just throw tens of thousands of dollars away for the fun of it!"
Not away, moron. Why do you have to resort to lying? You continue to lie and create straw men, which shows just how much you've lost this.
I didn't say I was throwing it away.
It is down to about $8000. It's no different than taking $30k to Vegas and gambling with it since I really don't follow Crypto.
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