Is Bitcoin Going To $1,000,000

[2ndRateMind]

I think it is hilarious that the gold bugs are beside themselves because bitcoin went from $5 to $50,000 (and still rising) in a decade. They have been saying gold would do that for 40 years now. I guess one day in the distant future they will be right.

Claymore

Gold's value in what? Toilet paper? Otherwise known as the dollar.

Gold has value because it never corrodes, it is durable, divisible, portable, fungible, and a permanent store of value. The gold money used in ancient Egypt is still around and still just as valuable if not more due to industrial applications. It will still be around in the millennium and still have value while every fiat currency since Egypt including the dollar and Bitcoin will be long since forgotten.

What do you think is going to happen when the US or other nations pass a law requiring every crypto to send a record of every transaction to the IRS to be regulated and taxed or face prison?

They will cave even more quickly than Trump did. They will cave to the beast as every institution has done

I don't care about getting rich quick. I never have. ... Also, I feel that if the SHTF, no one will care about gold or silver. Only things with practical uses will be worthwhile to barter with. Just my thoughts on the matter.

Claymore

I agree. A clean conscience is worth more than all the gold on earth. As a matter of interest, though, what are you hoarding to barter with?

Best wishes, 2RM.

[Lexew1899]

That inflation...

[Lexew1899]

Smart money saying to diversify assets before US dollar crash.


Context for this guy.

[ajax]

What Bitcoiners Need to Understand About the Matt Gaetz "Sex Scandal"
https://www.economicpolicyjournal.com/2 ... stand.html

Putting aside for a moment the question of whether the claims aimed at Congressman Matt Gaetz are trumped-up charges, there is an important lesson for Bitcoin users in the latest revelations surrounding the "sex scandal."

Here is the latest report from The Daily Beast:

In two late-night Venmo transactions in May 2018, Rep. Matt Gaetz sent his friend, the accused sex trafficker Joel Greenberg, $900. The next morning, over the course of eight minutes, Greenberg used the same app to send three young women varying sums of money. In total, the transactions amounted to $900.

The memo field for the first of Gaetz’s transactions to Greenberg was titled “Test.” In the second, the Florida GOP congressman wrote “hit up ___.” But instead of a blank, Gaetz wrote a nickname for one of the recipients. (The Daily Beast is not sharing that nickname because the teenager had only turned 18 less than six months before.) When Greenberg then made his Venmo payments to these three young women, he described the money as being for “Tuition,” “School,” and “School.”

Got that?

Gaetz used a very traceable method (Venmo) of paying his friend, who then used the funds to pay three women.

Digital records don't go away. They stick around, especially when it comes to Bitcoin and other cryptocurrencies that are recorded on blockchains.

There is no way they are as private as cash.

They leave trails.

Cash doesn't.

There is a lot to the old Roman saying "Gold (or cash) has no smell." There is no way to know where it came from or where it has been. You can't look up an old cash transaction, the way you can digital records.

Bitcoin may be somewhat private when used once for a single transaction. Do one and be gone, but it can never match the privacy of cash in a brown paper bag.

If Gatez had paid his buddy Greenberg in cash, then The Daily Beast would have no story.

On top of this, Gatez apparently wrote in the memo field the nickname of one of the girls. Double dumb.

"Never in writing, always in cash."

[Lexew1899]

Well you could use Monero if you want it untraced. Pretty easy to do. Sell Bitcoin for Monero. Monero untraceable and leaves no records. Or just use a DeFi wallet that isn’t under central control. Pretty easy workarounds.

[Claymore]

I think it is hilarious that the gold bugs are beside themselves because bitcoin went from $5 to $50,000 (and still rising) in a decade. They have been saying gold would do that for 40 years now. I guess one day in the distant future they will be right.

Claymore

It's true, but it is also true that all those markets are manipulated and a part of Babylon.

So what are the chances that if/when the NWO/Great Reset come about that they crackdown on crypto?

The crackdown might be happening sooner than we think.

https://www.cnbc.com/2021/04/12/bitcoin ... kdown.html

I've been telling a few guys at work that crypto is great until the government decides it will regulate it. What happens when state currencies are digitized? Will they allow crypto to compete with them?...I don't think they will. Government will not allow their currency to be side-doored by crypto. The strike of a pen will change that real quick. China did it a few years back. I believe others will do the same sooner or later. If that happens what will happen to the price of bitcoin? I think it'll go to the floor.

I believe TPTB are humoring us and allowing us to get use to the idea of digital currency before cold hard cash is stripped and all currency becomes digital. They want to track all transactions and ensure they get their "fair share". This is when I think gold and silver will begin to make its real move.

Claymore

[Claymore]

That inflation...

1.5%? What a joke! Everyone know the price of all goods are going up. I've noticed certain pizza joints that used to sell $6.99 larges are now $8.99. Who is the Fed trying to fool? Great find!

Claymore

[ajax]

I think it is hilarious that the gold bugs are beside themselves because bitcoin went from $5 to $50,000 (and still rising) in a decade. They have been saying gold would do that for 40 years now. I guess one day in the distant future they will be right.

Claymore

It's true, but it is also true that all those markets are manipulated and a part of Babylon.

So what are the chances that if/when the NWO/Great Reset come about that they crackdown on crypto?

The crackdown might be happening sooner than we think.

https://www.cnbc.com/2021/04/12/bitcoin ... kdown.html

I've been telling a few guys at work that crypto is great until the government decides it will regulate it. What happens when state currencies are digitized? Will they allow crypto to compete with them?...I don't think they will. Government will not allow their currency to be side-doored by crypto. The strike of a pen will change that real quick. China did it a few years back. I believe others will do the same sooner or later. If that happens what will happen to the price of bitcoin? I think it'll go to the floor.

I believe TPTB are humoring us and allowing us to get use to the idea of digital currency before cold hard cash is stripped and all currency becomes digital. They want to track all transactions and ensure they get their "fair share". This is when I think gold and silver will begin to make its real move.

Claymore

CEO of a Top Bitcoin Exchange Warns a Crackdown on Cryptocurrencies May Be Coming
https://www.economicpolicyjournal.com/2 ... warns.html

“I think there could be some crackdown [on cryptocurrencies]” Jesse Powell, CEO of Kraken, told CNBC in an interview.

“Something like that could really hurt crypto and kind of kill the original use case, which was to just make financial services accessible to everyone,” he said.

“I hope that the U.S. and international regulators don’t take too much of a narrow view on this,” Powell continued.

Kraken’s CEO said he feels the U.S. is more “shortsighted” than other nations and “susceptible” to the pressures of incumbent legacy businesses — in other words, the banks — that “stand to lose from crypto becoming a big deal.”

Kraken is the world’s fourth-largest digital currency exchange in terms of trading volume.

[Lexew1899]

Diversifying is still the best advice I believe. Land, crypto, precious metals, and stocks. Maybe the government will crackdown on precious metals like they did in the 1930s. Maybe they will start charging a fee per acre. Maybe they will change crypto tax laws. Who knows?

[ajax]

Former CIA Director Comes Out in Favor of Bitcoin
https://www.economicpolicyjournal.com/2 ... r.html?m=1

[ajax]

Bitcoin Price Crashed Overnight
https://www.economicpolicyjournal.com/2 ... night.html

The price of bitcoin dropped from roughly $60,000 to $52,148 in 15 minutes during the Asian session.

According to CoinDesk, while the exact reason for the sudden crash is unknown, the market mood may have soured due to rumors that the U.S. Treasury is planning to charge several financial institutions for money laundering using cryptocurrencies.

Other altcoins such as XRP (-18.42%) and litecoin (LTC, -17.44%) have declined 17% to 20% in the past 24 hours.

[Lexew1899]

Bitcoin speculated to hit $100,000 this year. Ethereum around $10,000.

https://www.zerohedge.com/markets/ether ... -move-will

[Lexew1899]

Rekt.news is a crypto news aggregate that focuses on DeFi projects being exploited. They put out a nice video recently talking about their prediction of events that are likely to happen over the next few years with crypto overall. Especially as DeFi begins to replace the traditional fiat banking system.

[Lexew1899]

Ron Paul talking about Bitcoin today, with the big conference going on in Miami this week. Worth watching.

[Primary Outcast]

The guys that make the rules are making millions on crypto so it will never get regulated out of existence.

Beware of "stablecoins" though

[Primary Outcast]

The stock market will crash 50-80% within the next 18 months. Crypto will crash with it. Gold and silver will crash but rebound quickly. Usd will be inflated away. A bank will fail. Stablecoins will fail. And this is how the middle class will cease to exist.

[Cruiserdude]

The stock market will crash 50-80% within the next 18 months. Crypto will crash with it. Gold and silver will crash but rebound quickly. Usd will be inflated away. A bank will fail. Stablecoins will fail. And this is how the middle class will cease to exist.

American middle class lives way too high on the hog and the great reset will make sure to correct that error... We are the last to be plundered by the global elite. We're the last that stands in the way of the reset...

[Lexew1899]

The stock market will crash 50-80% within the next 18 months. Crypto will crash with it. Gold and silver will crash but rebound quickly. Usd will be inflated away. A bank will fail. Stablecoins will fail. And this is how the middle class will cease to exist.

The stock market is propped up so much from 401k regulations, that it essentially becomes a Ponzi scheme. The laws are so strict and negative if you try to pull money out abruptly, it isn’t worth it. So I wouldn’t expect it to collapse by 50-80%. Not that I don’t wish it would, but I don’t see it happening.

Stablecoins are kind of a ponzi also, though some are better than others. Tether is the worst, but USDC seems a lot more secure. Either way, all investments are a gamble. But you really can’t save your way out of the middle class, you must invest in something. Diversified portfolios are still the best imo.

[Cruiserdude]

https://www.zerohedge.com/markets/russi ... lar-assets

Following a series of corporate cyberattacks that American intelligence agencies have blamed on Russian actors, Russia's sovereign wealth fund (officially the National Wellbeing Fund) has decided to dump all of its dollars and dollar-denominated assets in favor of those denominated in euros, yuan - or simply buying precious metals like gold, which Russia's central bank has increasingly favored for its own reserves.

Finance Minister Anton Siluanov made the announcement Thursday morning at the annual St. Petersburg International Economic Forum.

"We can make this change rather quickly, within a month," Siluanov told reporters Thursday.

He explained that the Kremlin is moving to reduce exposure to US assets as President Biden threatens more economic sanctions against Russia following the latest ransomware attacks. The transfer will affect $119 billion in liquid assets, Bloomberg reported, but the sales will largely be executed through the Russian Central bank and its massive reserves, limiting the market impact and reducing visibility on what exactly the sovereign wealth fund will be buying.

The writing is on the wall. Something wicked this way comes....

[Primary Outcast]

The stock market will crash 50-80% within the next 18 months. Crypto will crash with it. Gold and silver will crash but rebound quickly. Usd will be inflated away. A bank will fail. Stablecoins will fail. And this is how the middle class will cease to exist.

The stock market is propped up so much from 401k regulations, that it essentially becomes a Ponzi scheme. The laws are so strict and negative if you try to pull money out abruptly, it isn’t worth it. So I wouldn’t expect it to collapse by 50-80%. Not that I don’t wish it would, but I don’t see it happening.

Stablecoins are kind of a ponzi also, though some are better than others. Tether is the worst, but USDC seems a lot more secure. Either way, all investments are a gamble. But you really can’t save your way out of the middle class, you must invest in something. Diversified portfolios are still the best imo.

I also use USDC and I use the gemini stablecoin for my blockfi account. This morning I woke up thinking that I should close out of my money market account due to the risky repo market and the woefully insufficient reserves for FDIC insurance. I think bitcoin will bounce back but the alt coins will get hammered through the floor and will take longer to recover.

a google search suggests that the stock market allocation is as follows:

foreign investors owned about 40 percent of US corporate equity in 2019, up substantially over the last few decades. Retirement accounts of US households owned about 30 percent in 2019, and the taxable accounts of US investors owned about 25 percent, which is most of the rest.

Maybe some have predicted an 80% crash to get more clicks, I don't know. 401k's cant sell, but they can lose the growth that some people have gained over the last 20-40 years. I think it will be greater than 50%.

Some "analysts" think the crash could come as soon as this month, but I think that most agree that it's coming by the end of 2022. If it happens tomorrow it would be a good idea to pull out of investments, but if it happens 18 months from now, a 50% drop in Cardano means you would have lost out on life changing gains. I've pulled some profits to buy the dip, but I'm still heavily invested into crypto currency. This week I paid $60 to send two money wires to buy some gold & silver. The fees and time consuming process to send a wire is archaic, crypto and defi is no doubt the future of banking worldwide.

[Lexew1899]

The stock market will crash 50-80% within the next 18 months. Crypto will crash with it. Gold and silver will crash but rebound quickly. Usd will be inflated away. A bank will fail. Stablecoins will fail. And this is how the middle class will cease to exist.

The stock market is propped up so much from 401k regulations, that it essentially becomes a Ponzi scheme. The laws are so strict and negative if you try to pull money out abruptly, it isn’t worth it. So I wouldn’t expect it to collapse by 50-80%. Not that I don’t wish it would, but I don’t see it happening.

Stablecoins are kind of a ponzi also, though some are better than others. Tether is the worst, but USDC seems a lot more secure. Either way, all investments are a gamble. But you really can’t save your way out of the middle class, you must invest in something. Diversified portfolios are still the best imo.

I also use USDC and I use the gemini stablecoin for my blockfi account. This morning I woke up thinking that I should close out of my money market account due to the risky repo market and the woefully insufficient reserves for FDIC insurance. I think bitcoin will bounce back but the alt coins will get hammered through the floor and will take longer to recover.

a google search suggests that the stock market allocation is as follows:

foreign investors owned about 40 percent of US corporate equity in 2019, up substantially over the last few decades. Retirement accounts of US households owned about 30 percent in 2019, and the taxable accounts of US investors owned about 25 percent, which is most of the rest.

Maybe some have predicted an 80% crash to get more clicks, I don't know. 401k's cant sell, but they can lose the growth that some people have gained over the last 20-40 years. I think it will be greater than 50%.

Some "analysts" think the crash could come as soon as this month, but I think that most agree that it's coming by the end of 2022. If it happens tomorrow it would be a good idea to pull out of investments, but if it happens 18 months from now, a 50% drop in Cardano means you would have lost out on life changing gains. I've pulled some profits to buy the dip, but I'm still heavily invested into crypto currency. This week I paid $60 to send two money wires to buy some gold & silver. The fees and time consuming process to send a wire is archaic, crypto and defi is no doubt the future of banking worldwide.

Well if Isaiah says America is in similitude to Egypt in the Last days, then there should be a crash equivalent to the money going bad in the days Joseph. So really all we can do is diversify and hope for the best. I have a lot of crypto, plan on getting about 50k more of precious metals this year, and moving outside the city to the country. Have baby 3 on the way. Plan on farming more. Not much else I can do. If the dollar becomes completely worthless everyone is screwed.

Will be a giant MMT experiment.

[Lexew1899]

At the Bitcoin conference today, it was announced that President Nayib Bukele of El Salvador, is planning on making his country the first where Bitcoin is a national legal tender.

https://www.google.com/amp/s/www.coinde ... er%3famp=1

[Lexew1899]

I wonder if he will mysteriously die, or be bombed for some esoteric reason now? I’m sure the banksters won’t want this to spread.

[Lexew1899]

Big Don says Bitcoin is a scam. Wants the Fed to print enough dollars for the entire world to use it.

[Primary Outcast]

did you know that btc would crash today? I did. This youtuber says that it will go down to 23k and then it's on its way up to $102,500. He also predicted the crash at the 64k top.