This time its different. Silver to $40+

TreasureHunter said:
But one day people will keep getting rid of Bitcoin in order to buy things. That's when the cascade collapse will occur. It's like hyperinflation.
And when the big holders start buying hard assets with it... (you can imagine)
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I agree. This may be Tesla's excess reserves but excess reserves get used at some point.

I wonder what he will do if he wants to take $1bil out.
The same mechanism that is pushing the price up will work pushing the price down.
Bitcoin really should have some special accounting treatment. Its held on the books at its last traded price, I assume, but if he starts sell a billion of it the price will be falling as he sells. Withdraw a billion of cash and he gets a billion of cash.
 
President Trump said:
I agree. This may be Tesla's excess reserves but excess reserves get used at some point.

I wonder what he will do if he wants to take $1bil out.
The same mechanism that is pushing the price up will work pushing the price down.
Bitcoin really should have some special accounting treatment. Its held on the books at its last traded price, I assume, but if he starts sell a billion of it the price will be falling as he sells. Withdraw a billion of cash and he gets a billion of cash.
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Bitcoin doesn't need a special accounting nor trading treatment, it needs to be the same standards as any other asset
 
66rounds said:
You mean one of those warehouses that sucks more power than a small nation?
I wonder what part Bitcoin will have to play in the green new deal
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yes but it doesn’t have to be. It’s the network of potentially millions of people that crystallises the network. The bigger the structure the more likely that blockchain holds value (secure).. it’s like BTC is the railway line. Nothing special about a rail line but the trains need a network so the existing infrastructure will be locked-In at some point. This is why btc will not easily be outcompete by cloned block chains. This is how I see btc as maintaining its top spot anyhow.
i like crypto I just don’t like manias
 
Some forewarning and advice. BTC is the worlds biggest Ponzi scheme, it’s failed tech and double spend occurred on 21 Jan 2021 no one can trust this blockchain now. Once Craig Wright enforces injunctions on exchanges for using his Bitcoin name the entire crypto ecosystem will collapse. Keep track of this weeks court case, and letters sent to all exchanges. Biggest shit show the world will see, many will lose life savings. Use google for more information and decide to get yuu ok r money off exchanges. Metals is a good play. Watch
 
I’ve been watching Tesla visibly declining recent weeks, crypto is sapping away Tesla and other green tech, while the rest of the stock market is still rising! Lots of democrats are invested in Tesla and the green tech. Let’s see what happens in the next couple of weeks. :D :eek: ..... o_O
 
kjimmy said:
Some forewarning and advice. BTC is the worlds biggest Ponzi scheme, it’s failed tech and double spend occurred on 21 Jan 2021 no one can trust this blockchain now. Once Craig Wright enforces injunctions on exchanges for using his Bitcoin name the entire crypto ecosystem will collapse. Keep track of this weeks court case, and letters sent to all exchanges. Biggest shit show the world will see, many will lose life savings. Use google for more information and decide to get yuu ok r money off exchanges. Metals is a good play. Watch
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You created an account today to post this because you love everyone here so much ?? LOL!
 
kjimmy said:
Some forewarning and advice. BTC is the worlds biggest Ponzi scheme, it’s failed tech and double spend occurred on 21 Jan 2021 no one can trust this blockchain now. Once Craig Wright enforces injunctions on exchanges for using his Bitcoin name the entire crypto ecosystem will collapse. Keep track of this weeks court case, and letters sent to all exchanges. Biggest shit show the world will see, many will lose life savings. Use google for more information and decide to get yuu ok r money off exchanges. Metals is a good play. Watch
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Google'd as recommended. Doesn't seem too alarming.
https://insights.deribit.com/market-research/was-there-a-bitcoin-double-spend-on-jan-20-2021/
 
sgbuyer said:
I’ve been watching Tesla visibly declining recent weeks, crypto is sapping away Tesla and other green tech, while the rest of the stock market is still rising! Lots of democrats are invested in Tesla and the green tech. Let’s see what happens in the next couple of weeks. :D :eek: ..... o_O
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tesla stocks has got tobe the biggest joke on the market.
there is very little thats fundamentally good about that stock at its current price. lol
apparently tesla has made more profit from his bitcoin in a month than he did from car sales for a year ahaha. Its likely he needs bitcoin to keep that shit show stock up that high

Tesla has double the market capitalization of two car manufacturers who sold 17million cars between them while he delivered 499k.
Its so far over valued as a stock he needs anything to keep up appearances and if he cant do it via car sales, Guess bitcoin makes sense for a quick buck and some extra Press.
He will however need that coin to stay high, would hurt him bad if it was to drop, he would however have the ability to keep it pumped if he needed todo a selloff. so I doubt he will lose on the bitcoin gamble, its looking more and more possible it will hit $100k, So thats the only thing positive about tesla stocks right now profit wise, lol
 
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Jason1 said:
tesla stocks have got tobe the biggest joke on the market.
there is very little thats fundamentally good about that stock. lol
apparently tesla has made more more profit from his bitcoin in a month than he did from car sales for a year ahaha. Its likely he needs bitcoin to keep that shit show stock up that high

His company has double the market capitalization of two car manufacturers who sold 17million cars between them while he delivered 499k.
Its so far over valued as a stock he needs anything to keep up appearances and if he cant do it via car sales, Guess bitcoin makes sense for a quick buck and some extra Press.
He will however need that coin to stay high, would hurt him bad if it was to drop, he would however have the ability to keep it pumped if he needed todo a selloff. so I doubt he will lose on the bitcoin gamble
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That is how systems collapse... multiple bubbles converging into mutually reliant super-bubbles. One goes they all do..
 
heartastack said:
That is how systems collapse... multiple bubbles converging into mutually reliant super-bubbles. One goes they all do..
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People should just skip tesla stocks and invest in bitcoin directly as that seems tobe what your getting if you buy tesla stocks right now lol
I couldnt tell you which has the most amount of risk, tesla stocks or Bitcoin ahaha, very interesting situation with that company.

Could Elon be the next Bernie Madoff, or Jeffrey Skilling of the future ?

EDIT: actually second thoughts tesla stocks likely has the most risk, as its tesla mixed with bitcoin lol, which is risk investment with a risk investment piled on top.
It will make a great movie one day ahaha
 
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Jason1 said:
People should just skip tesla stocks and invest in bitcoin directly as that seems tobe what your getting if you buy tesla stocks right now lol
I couldnt tell you which has the most amount of risk, tesla stocks or Bitcoin ahaha, very interesting situation with that company.

Could Elon be the next Bernie Madoff, or Jeffrey Skilling of the future ?
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Bitcoin is way much riskier than Tesla. Stocks can drop but can also recover, but Tesla isn't just only hype. Tesla's real asset is Elon Musk. As long as Elon is alive, the company can recover back. When the dot com bubble blew, amazon stock collapsed 90%. Likewise, Tesla stock can collapse but it will be a buying opportunity. The difficult part is trying to catch the bottom.
 
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Somehow I think bitcoin has become a "meme". #Silversqueeze may also be a meme, but I'm never in silver because of wanting to defeat the bankers or stuff like that. I buy silver because the supply is gradually tightening in the last couple of years, and future demand in solar panels, yes, that's my idea back in 2018, and also as a hedge for currency reset if it happens. A lot has changed in the last year but my strategy remains the same, buy cheap and avoid expensive.
 
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