Crypto was purposefully tanked by Blackrock. Blackrock owns all 6 media companies and all the financial institutions.
Do the math.
Because of leverage and short positions.
When the market rallies, stock market traders will take on leverage expecting the price of Bitcoin to go up. This leveraged asset doesn't actually exist, it's loaned out by the exchange that will have a certain amount in reserve which they can pay people out with one at a time. You will notice that when the BTC price plummets, the exchanges go offline. This is to slow the number of people cashing out.
But when there's fear most retailers will move into cash, and the stock traders can't alleviate the retailers money from the price going up so they do the opposite and short the market.
The upwards leverage causes the price to balloon far beyond the cash that has been invested into BTC as the cash never existed in the first place. Therefore the real value of BTC is unknown but much lower than what you see when the market rallies.
As dollar becomes shit crypto should go up
This is true and plays a part in why Bitcoin _is_ up. Look at a 5 or 10 year chart. Markets don't always go up and you can't expect them to behave the way you want every day.
FYI the true crime is actually silver and gold which are illegally manipulated by the big banks.
silver and gold which are illegally manipulated
Spot price is for paper silver and gold, of which there's far more than the real thing. So it's another fiat basically.
There is a large community of average investors buying as much physical silver as possible to take it off the market. First we’ll see premiums on physical silver rise, ie. it will cost more than paper contracts for silver. Then they will shoot off as contract investors and actual large scale physical buyers realize the contracts are worthless.
Even if all that doesn’t happen in dramatic fashion, commodities like silver and gold will do better than the current leading tech assets after the crash that’s coming sometime in the next year.
I’m buying physical silver and shares in silver miners while they’re still cheap.
It's all manipulated. You don't have 6 trillion printed just for you, if you aren't playing a rigged game. The government wouldn't use its power to bail you out of your fuckup if it wasn't a rigged game.
I said silver and gold is "illegally" manipulated. I didn't say the rest wasn't manipulated.
because you cannot (as a citizen) buy gold freely, at least in italy
you MUST declare that you bought it (the seller must do it), to the government (so they know) AND there is a seller margin of at lest 15% AND if by any chances you lost your papers when you go to sell the gold, you MUST pay a 20% tax on it
sheep do not understand that they are robbed and keep slaving
Soros is happy
Shut the fuck up you discredited confused Muppet retard.
oh, we found another sheep
happy munching
by any chances you lost your papers when you go to sell the gold, you MUST pay a 20% tax on it
Good ole' USA charges 28% collectible tax on "profit" for PMs, even if it's due to dollar inflation since you bought it.
Gold is down also
It's up from when it crossed below $1800 the 13th.
Wonder if the government is playing with the stock market like China does, but covertly.
So another currency unit based on nothing is also going down? Unthinkable.
Bitcoin Core was subverted back in 2015 by Blockstream which is why blocks are capped at 2mb, making transactions slow, expensive and unreliable.
Use Dash, Bitcoin Cash and Monero instead.
And silver by some fucking amazing jew wizardry is staying cheap
Paper contracts, get physical.
making transactions slow, expensive and unreliable.
This just isn't true. On-chain transactons CAN get expensive...around a buck or so but the idea is to move to lightning channels then all your transactions are instant. Lightning works.
You're a kike.
That's the pot calling the kettle kike.
Right now there is a lot of traffic and you can still get in the next block for 70 cents. You really shouldn't be in that mindset though. I just set it at 1 or 2 sats per vbyte and wait. Almost all of my transactions are off-chain and instant. Why would I want to pay extra for fast on-chain transactions?
Right now there is a lot of traffic and you can still get in the next block for 70 cents
Yes and it will stay that way because if it DOESN'T if there is any ADOPTION fees will rise and that adoption will be KILLED.
Steam used to accept Bitcoin until this ((((((((((((bullshit)))))))))
I just set it at 1 or 2 sats per vbyte and wait.
That is not viable for commercial/mass use. You're an idiot for making that argument.
My Dash transactions are locked and confirmed in 1 SECOND.
Dash is easily stopped. It's far from decentralized. Anything with a large block size is segmented within seconds of internet segmentation. You simply don't know what you are talking about and are arguing based on feells.
Steam used to accept Bitcoin until this ((((((((((((bullshit)))))))))
I used to feel the same way. Steam and others WILL use lighting, everyone will. Get used to it.
That is not viable for commercial/mass use
You've lost your mind. Hell it takes days to settle transactions now with our current payment systems. Waiting an hour to finalize a channel that there's no need to be doing in the first place is no big deal.
Lightning flat works and is as decentralized as you want it to be. Get over yourself.
Nothing wrong with those other coins but and I used to think what you just said BUT the cap on bitcoin allows it to stay decentralized. If the Internet is segmented bitcoin will keep working fine. Bitcoin Cash...not so much if they increase that blocksize a lot. Dash is the same way. Monero has a changable block size so I don't know about that one.
I used to buy all the BS Bitcoin Cash was pushing about lightning, but lightning works. I keep about a million satoshis in lightning channels and it always works to buy, sell and trade.
I think the truth really is Adam Back is Satoshi and it was just his direciton of choice. Hell there is one old school bitcoin guy that DEMANDED blocks go smaller. Guy held a ton and was super early in bitcoin. He ended up drowning. Crazy way to go for someone with billions worth of bitcoin.
Anyhow, it's not what you think. At least that's my take now.
Nothing wrong with those other coins but and I used to think what you just said BUT the cap on bitcoin allows it to stay decentralized.
Yes everyone transaction off chain using centralized regulated exchanges like coinbase and swift is SO decentralized /S
but lightning works
It literally doesn't. No one uses it. And even if it "works" it's only because you're using centralized hubs ie. (((nu-banks))).
The routing problem for a changing network is unsolvable.
I think the truth really is Adam Back is Satoshi and it was just his direciton of choice.
Maybe but that would only make me respect Satoshi less. Sign with Satoshi addresses or I don't believe it.
It literally doesn't. No one uses it. And even if it "works" it's only because you're using centralized hubs ie. (((nu-banks))).
That's not true. You're fooling yourself and dividing your people. Try it. If you want to be completely decentralized you can. You just have to set up channels with others using lightning. You're just pushing a party line of Bitcoin Cash. I have nothing against them but it's simply a dispute of two sides.
No one uses it.
Whole nation states are starting to use it. Go to 1ml.com to track usage.
Fees are super cheap right now by the way...even for the next block.
https://mempool.space
Lightning network works. More power to you for your coins. We don't have to pick one over the other.
This is the same cycle that has played out time and time again.
Crypto aka Bitcoin has been through worse. In fact, Bitcoin only crashed about twice as hard as the Nasdaq this time. My shitcoin portfolio did far worse, typically losing 75% or more. Lots of tech stocks did similar with e.g. Shopify losing 80%. This was pretty common across growth tech. Next time you may see Bitcoin actually crashing less than or equal to the Nasdaq. This signal of shifting confidence may be enough to stop any follow-on capitulation.
Energy and hardware prices went to the moon. Processing crypto transactions becomes more costly as those two rise.
This is no different than VISA's costs to process credit card transactions doubling and acting all shocked pikachu that their stock price tanked.
Crypto is now positively correlated with stawks, they move in tandem because of crypto derivatives trading. The market falls, crypro follows. And the dollar has been gaining value, not losing value, but is about to turn down because the fed is acting sheepish with interest. So things are about to get even more expensive.
How the fuck can the God damn dollar being going up with 30 trillion in fake bullshit printed in the last 2 fucking years it makes zero sense
It's a scam, short answer, but they immediately bought assets through their "easing" programs and the cash created never existed in the market. And the bigger question, if the US doesn't produce anything, at least compared to China, why is the dollar worth anything?
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