Bitcoin and other Crypto...

[tokyojoe]

1 hour ago, cochyn said:

My own vomit would be a more stable currency than Venezuelan Bolivars. 

The country that ran out of bog rolls.

[Red Shift]

Myth busting DAI

 

https://blog.makerdao.com/busting-makerdao-myths-seven-misconceptions-about-dai/

[Red Shift]

1 hour ago, tokyojoe said:

The country that ran out of bog rolls.

The time to worry is when they need bog rolls.

[Captain Turdseye]

The arse is falling out of everything. 

[TheSire]

On 04/06/2021 at 13:19, Gnasher said:

We're considering contemporary art. I think it involves unmade beds and stuff.

Yup. One coin to rule them all...

[TheSire]

SimonCoin is one to watch. Low market cap bold extender.

[The-Sir]

1 hour ago, Captain Turdseye said:

The arse is falling out of everything. 

Just feels like a big shake up to me, one last big market manipulation. Too much positive news for it to be anything to worry about. Yet...

[Red Shift]

Huge gains were made by some last night ( Northern Hemi trading time)

 

 

[Guest]

On 04/06/2021 at 12:12, The-Sir said:

I'll be skimming some of my FEG profits when it next reaches ATH to load up in XRP, which is incredibly undervalued right now. 

I'll be going to B&Q to invest in a BBQ, then heading over to M&S to get the SP on their latest offers. Although they are incredibly overpriced. 

[Red Phoenix]

 

Looks like it could be done soon too :

 

 

[Lario]

There was an ad on the radio here in Ireland this morning, and Kevin Sharkey (artist) was on shilling his wares.

https://kevinsharkeyart.com/

 

Went through the usual spiel, and then at the end "we also accept Bitcoin".

 

Need to bestow the privacy virtues of XHV to him!

[Red Shift]

On 07/06/2021 at 09:40, Red Shift said:

The time to worry is when they need bog rolls.

*dont 

[Gnasher]

Taking their money out?

 

 

[Gooch]

Definitely looking like a bear market atm, good news having no impact on price. Could see BTC going back to sub $20k potentially, that would really flush people out. I wouldn't be touching any alt coins right now, they can drop to levels you wouldn't believe. 2018-2020 was absolutely brutal.

 

Also Scott Melker is a bad bad scammer, would steer well clear of all his content.

[Red Shift]

Big up movers last 24 hrs

 

[Red Shift]

In other news, my Vet was visibly shocked when I paid a NZ$200 bill with BTC yesterday.

[Red Shift]

 

[Red Phoenix]

3 hours ago, Gooch said:

Also Scott Melker is a bad bad scammer, would steer well clear of all his content.

 

I've rarely looked at his page but he hasn't seemed that bad from the bit that I've read. Had a look around for him scamming and found this, is it what you meant? https://www.cryptovantage.com/news/popular-crypto-analysts-deleting-shill-tweets-amid-market-dump/

 

The article links to a few tweets (here) he posted with him giving a reason for why he deleted supposed shill tweets so maybe he learnt from that, not sure if you meant something else though. Either way I'd never buy a coin just because one person said so without looking up info on it first in several other places so I'm hopefully less likely to fall for any scam him or anyone else could be taking part in when it comes to shilling.

 

It's good to know of that article and his response though because I didn't know of it so thanks for helping me find it.

[Jordy Brouwer]

I'm worried about a fall of bitcoin to £12,000 to be honest. Might not happen but its clearly a bear market. 

 

[Red Phoenix]

Things look bad at the moment but it could all be virtually meaningless if El Salvador accept btc as a currency. Something of that scale has never happened before and it could completely change everything from the moment it takes place if it's accepted.

[Red Phoenix]

This Bukele guy from El Salvador looks like a proper cunt with some of the stuff he's been up to. This is from last year for example in the middle of a pandemic : El Salvador lines up semi-naked gang members for grim prison photos

 

If the first part wasn't bad enough this is from the end :

 

Quote

On a tour of the Izalco maximum security prison with government officials, Reuters witnesses saw workers soldering metal sheets onto prisoners’ cell doors.

The president also ordered members of rival gangs into shared cells in a bid to break up lines of communication between members of the same gangs.

“From now on, all the gang cells in our country will remain sealed. They will no longer be able to see outside the cell,” Bukele said.

“This will prevent them from using signs to communicate with the hallway. They will be inside, in the dark, with their friends from the other gangs.”

 

 

He also ordered troops into parliament when he didn't get his way : Troops Occupy El Salvador's Legislature To Back President's Crime Package, and supported US puppet Guaido along with telling the Trump admin they could have a bigger miltary base inside the country. He said (from previous link) that Pompeo was a "kind man who wants the best for his country." Really?

 

This might all seem off topic, but this guy could be about the change crypto forever. The question is, in what way? Is this a genuine attempt to support btc, or is it part of some bigger thing that could harm it like nothing has done before? If El Salvador accept btc as a currency in the short term it could reach new highs, but what if things then go to shit in the country and Bukele is classed by the US and other countries as the latest problem guy?

 

If things go bad my big issue is that the country facing some type of coup attempt and/or the economy crashing could then result in btc being caught up in it all, resulting in the establishment classing it as a reason things turned out for the worse. If that happens btc could face the same type of mantra we hear about socialism with the "we tried that and it didn't work" stuff for years on end, resulting in crypto seriously crashing and not having any real chance to recover for a long time.

 

All I'm trying to do is look at the bigger picture here because there's no way btc gets accepted in a country as a currency like it could do shortly without some serious response from world governments and central banks. It threatens the entire world's financial system as we know it. The one that serves the elites and leaves most of the rest of us like we have been. So this could be part of some bigger plan going on here or there's going to be some type of response to this happening.

[Aventus]

7 minutes ago, Red Phoenix said:

This Bukele guy from El Salvador looks like a proper cunt with some of the stuff he's been up to. This is from last year for example in the middle of a pandemic : El Salvador lines up semi-naked gang members for grim prison photos

 

If the first part wasn't bad enough this is from the end :

 

 

He also ordered troops into parliament when he didn't get his way : Troops Occupy El Salvador's Legislature To Back President's Crime Package, and supported US puppet Guaido along with telling the Trump admin they could have a bigger miltary base inside the country. He said (from previous link) that Pompeo was a "kind man who wants the best for his country." Really?

 

This might all seem off topic, but this guy could be about the change crypto forever. The question is, in what way? Is this a genuine attempt to support btc, or is it part of some bigger thing that could harm it like nothing has done before? If El Salvador accept btc as a currency in the short term it could reach new highs, but what if things then go to shit in the country and Bukele is classed by the US and other countries as the latest problem guy?

 

If things go bad my big issue is that the country facing some type of coup attempt and/or the economy crashing could then result in btc being caught up in it all, resulting in the establishment classing it as a reason things turned out for the worse. If that happens btc could face the same type of mantra we hear about socialism with the "we tried that and it didn't work" stuff for years on end, resulting in crypto seriously crashing and not having any real chance to recover for a long time.

 

All I'm trying to do is look at the bigger picture here because there's no way btc gets accepted in a country as a currency like it could do shortly without some serious response from world governments and central banks. It threatens the entire world's financial system as we know it. The one that serves the elites and leaves most of the rest of us like we have been. So this could be part of some bigger plan going on here or there's going to be some type of response to this happening.

It's not just the fact that it becoming a currency, because its legal tender there's no capital gains tax. 

 

If it goes though then El Salvador could be the Cayman Islands of crypto, might be some heavy foreign investment going into the country, and other countries won't want to miss the boat so I can imagine a few others following soon after. 

[TheHowieLama]

[Red Phoenix]

10 minutes ago, TheHowieLama said:

 

18 minutes ago, Aventus said:

It's not just the fact that it becoming a currency, because its legal tender there's no capital gains tax. 

 

If it goes though then El Salvador could be the Cayman Islands of crypto, might be some heavy foreign investment going into the country, and other countries won't want to miss the boat so I can imagine a few others following soon after. 

I've seen crypto people on twitter already linking places to live and others talking about locating business there so yeah it looks like a lot of money will be flowing there quickly, mainly though in the long term it's going to need other countries following surely. Some south american politicians have also been showing support as well so maybe the best scenario is that others follow and don't take too long doing it. It could also make btc a lot less volatile which is a main point govs, "experts" and media hacks go on about so that would also be great.

[Red Shift]

5 hours ago, Red Phoenix said:

Things look bad at the moment but it could all be virtually meaningless if El Salvador accept btc as a currency. Something of that scale has never happened before and it could completely change everything from the moment it takes place if it's accepted.

I can’t see it making any difference to be honest, unless it’s accepted as an Income Tax payment. Calling it a legal currency is one thing, accepting it for Taxation is quite another.

 

Honestly, we’re a long way from crypto being anything more than gambling. I don’t have an issue with that, because all usuary is gambling and quite devoid from the real world of work done / effort made in return for a means of exchange. Investment in stocks and shares (shocks and scares) is gambling. Hedging in gold is gambling. Why do we gamble? Because we know ultimately, that national currencies are being devalued as part of an ever expanding credit system that is not self sustaining. A house down the road from me (a dump) just sold for NZ$500,000. The average house price now in Aotearoa is upward of NZ$800,000. Food prices up, rates go up with house prices. Fuel up. Drs charge more. On and on it goes. 

 

We are forced to gamble to keep up with hyper-inflation. The system is dying. Excruciatingly slowly, but never-the-less real.

 

I spend crypto freely in the high street, but I’m reluctant to do it in large amounts, in case the next round of volatility sees me miss out on big gains. Therein lies the problem with crypto, and frankly I’m amazed that El Salvador's going to play with fire by taking BTC as currency. It’s a foolish statement to make.

 

The only way forward for crypto as I see it, is stable-coins, but if you peg a stable-coin to a fiat coin, you get inflation and you solve nothing. Conversely when BTC reaches 21 million in supply, with a shit load of that tied up in the hope it will keep rising in value, then that’s not going to help us practically either.

 

Me? I hold it, spend some of it, but accept that my dream of a decentralised global currency in the public domain, free of greedy fucking banksters, that will bring financial security to billions of hopeless helpless human beings, could in fact be pie in the sky.

 

Meanwhile I get 2% WXT back on all purchases on my Visa. Ive accumulated over 40,000 WXT and I hope like hell that they might, just might get to $1, in the medium term (say 3 yrs). Everything else I sell high buy low. But what’s high and what’s low? Who the fuck knows. Ha!