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  #31  
Old 04-24-2021, 07:19 AM
Malsua Malsua is offline
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So I'm just tossing this out there as a really quick way to lose $25.00

I just bought 3.6 million safemoons for about 23 bucks.

In a few weeks these are probably going to be on other exchanges, but right now it takes a bit of a process to buy them.

I transferred about $25 of BTC to bitmart.
I bought USDT (Tether)
I used the Tether to buy safemoons.

Understand, you will LOSE this money. This is a sure flop. A guaranteed loser.

It's like dropping a Jackson on the long odds horse. They never win, right?

Anyway, I'm going to Hodl this one for a while just to watch it wither away.

Obligatory Back to the Future reference:
If my calculations are correct, When these babies hit 88 cents, you're going to see some serious ****!
  #32  
Old 04-24-2021, 07:58 AM
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PugMom PugMom is offline
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Bitcoin suffers biggest weekly loss since March 2020 - MarketWatch
  #33  
Old 04-24-2021, 09:07 AM
Malsua Malsua is offline
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This is a result of the threat to BTC whales by the current administration proposal on capital gains .

If I were sitting on a pile of BTC, I'd be attempting to unwind some of it now at the current rate.

It's also a good time to buy some BTC relative to the recent market, so I bought $100 this morning. heh.

It's all speculative to me, so I'm not particularly worried if it drops back significantly.
  #34  
Old 04-24-2021, 11:20 AM
Boston-Sean Boston-Sean is offline
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It's not a "big" bitcoin loss unless it reaches 75%.

Now that Wall st. is getting in the game it seems like big money is stepping in on these drops.

But it's bitcoin so who the hell knows.
  #35  
Old 04-24-2021, 11:33 AM
Boston-Sean Boston-Sean is offline
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Default Central Banks and Bitcoin

I cam across an interesting theory about how Central Banks view Bitcoin.

The theory is that CB's are happy to have the Crypto market to function as a release valve while the CB's print endless amounts of Fiat currency. Without the Crypto markets all that money ($2 trillion) would be flowing into "real" asset classes like real estate and the stock market thereby inflating bubbles the CB's have difficulties deflating.

Crypto Bubble(s) would seem to have little effect on the real economy unlike things like a real estate bubble.

That's the theory for how they view it now, while they are printing fiat.

If\When they stop printing fiat the theory goes that the CB's will turn on Bitcoin and fight against it.

Not that they'll be able to do anything.
  #36  
Old 04-24-2021, 12:26 PM
Pballer Pballer is offline
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Will the club be involved in the two primary uses of cryptocurrency as a medium of exchange - ransomware extortion and money laundering?
  #37  
Old 04-24-2021, 04:57 PM
DylanTodd DylanTodd is offline
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I am with Malsua, I had picked up some Elon-gate, worth way less than a penny and I think I have 1 mil plus of it. It's a silly meme coin like Doge, if the Elon crazies get ahold of this one it would be a healthy pay off, well worth the $250 risk.
  #38  
Old 04-24-2021, 10:01 PM
Boston-Sean Boston-Sean is offline
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This sounds like solid financial advice:

Financial Experts Recommend Inventing Time Machine, Going Back To 2009 And Telling Yourself To Buy Bitcoin | The Babylon Bee
  #39  
Old 05-09-2021, 11:58 PM
DylanTodd DylanTodd is offline
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Anyone else enjoying the Ethereum gains right now?
  #40  
Old 05-10-2021, 05:32 AM
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Default Bull Market Crypto gains - nothing is financially better

I am enjoying ALL of my crypto gains! But yes, especially Ethereum.
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  #41  
Old 05-10-2021, 05:28 PM
Malsua Malsua is offline
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Quote:
Originally Posted by kbace6 View Post
I am enjoying ALL of my crypto gains! But yes, especially Ethereum.
Except the Eth gas prices. Sheesh.
  #42  
Old 05-10-2021, 06:43 PM
rustyp rustyp is offline
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SDR's will be the new world currency standard.
  #43  
Old 05-10-2021, 06:54 PM
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So much knowledge here in the TV.
  #44  
Old 05-11-2021, 12:50 PM
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Quote:
Originally Posted by DylanTodd View Post
Anyone else enjoying the Ethereum gains right now?
100% yes.

However, I'm hesitant to purchase more at this price (currently $4,000+). Not due to any kind of technical analysis or anything, I'm just assuming that at some point there will be a dip. But then again I guess it's just as possible that I'll be kicking myself 3 months from now when eth is at $6K that I didn't buy more when it was "only" $4K.
  #45  
Old 05-15-2021, 07:11 PM
lkagele lkagele is offline
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Quote:
Originally Posted by Boston-Sean View Post
I cam across an interesting theory about how Central Banks view Bitcoin.

The theory is that CB's are happy to have the Crypto market to function as a release valve while the CB's print endless amounts of Fiat currency. Without the Crypto markets all that money ($2 trillion) would be flowing into "real" asset classes like real estate and the stock market thereby inflating bubbles the CB's have difficulties deflating.

Crypto Bubble(s) would seem to have little effect on the real economy unlike things like a real estate bubble.

That's the theory for how they view it now, while they are printing fiat.

If\When they stop printing fiat the theory goes that the CB's will turn on Bitcoin and fight against it.

Not that they'll be able to do anything.
Good analysis and probably more than just a little truth. The only place I disagree is that they probably will be able to do something about crypto through regulation.
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