Bitcoin Cracks $5000
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The Northbreather
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That’s a bold opinion. I don’t know that it is 10 times better than gold.
They both have strengths and weaknesses, one of golds universally recognized strengths is its high physical durability.
I agree that crypto and more specifically bitcoin has 10 times the room to climb because of the success the banks and states have had in brainwashing people on economics and stigmatizing gold.
I think it’s and amazing opportunity to get people to contemplate what money is and how it important honest money is in a just society...
I believe they can work together synergistically (bitcoin and pms).
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Mordan
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Start from this short 4 minutes CNBC clip. YT will give you links to his more in depth videos.
Mordan
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if you are dumb,
use Kraken or Bitstamp. Get an account verified.
Wire money.
Buy. If below 4k USD. you can leave it on exchange like Kraken.
Risk is minimal and you are dumb so you might make mistakes.
Take the time to become less dumb by learning how to use a Nano Ledger or a Trezor.. Both hardware wallet for noobs.
Mordan
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The Northbreather
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Cool ticker. Is that yours?
Mordan
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its kinda sad that on this site which taught me sound money in 2008, we are like only 3 or 4 people enjoying the ride.
The Northbreather
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Lurkers aboundits kinda sad that on this site which taught me sound money in 2008, we are like only 3 or 4 people enjoying the ride.
its kinda sad that on this site which taught me sound money in 2008, we are like only 3 or 4 people enjoying the ride.
Sound money means constitutional hard money, not NSA/MIT vaporware.
Doesn't matter what the dollar value is since no exchange will actually cash you out at these valuations, much less at $400k. It's an illusion of wealth that's never actually realized into wealth, just numbers on a screen. That's why everyone is encouraged to "hodl" while valuations, created by tether games and whale wash trading, climb. Like any good ponzi, people can't cash out lest the ponzi collapses since there's not enough actual dollar liquidity to fulfill the cash out demands. Same shit the usual money changers have pulled on the sheep forever. The Social Capital indian guy just admitted on CNBC that bitcoin will go really, really high but will eventually lead into the adoption of CBDC.
I'm happy for you that your screen numbers mean so much to you but you and the other bitcoin pumpers should find your way off of a forum devoted to constitutional principles like sound money, since all you're doing, because of your own sheer greed, is forwarding the banker's agenda away from hard money ownership and constitutional principles. You're helping along the "you will own nothing" globalist agenda that seeks to destroy constitutional principles. Especially since you're doing it at the same time that those same bankers purposely and systematically suppress constitutional hard money.
Institutional money isn't really chasing bitcoin. I hope you don't seriously think that's happening. What is happening is the "institutional money" mouthpieces are jawboning people into buying into the CBDC blockchain paradigm, which those mouthpieces will be in control of. Herding the sheeps.
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Funds are buying Bitcoin as part of their portfolio. 0.5% of all bitcoin is held by public companies. They're not taking large position yet that they are taking any at all is a huge shift.
https://cointelegraph.com/news/why-institutions-suddenly-give-a-damn-about-bitcoin
About 15% of fund managers, with $534 billion under management, surveyed by Bank of America Corp. said Bitcoin is the third-most crowded trade behind being long technology shares and shorting the U.S. dollar. The poll was taken between Dec. 4 and Dec. 10.
https://www.bloomberg.com/news/arti...bitcoin-trade-crowded-as-institutions-jump-in
.5% is nothing. Well, .5% more than nothing but close enough. .5% does not translate to what is occurring in the dollar price right now.
I can't read it because it's paywalled. Can you post full text? Much of what passes for mainstream financial "news" is for jawboning people into being bagholders for the inevitable dump after the pump, especially since futures are available. Are you sure they aren't referring to bitcoin futures or Grayscale Bitcoin Trust shares instead of actually using investor money to buy into bitcoin? I really can't see any institutional money manager risking investor money on a trade that literally could drop 50-75% overnight for no apparent reason, without any counter-party transparency and without recourse in the case of fraud.
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