IT BEGINS !!

mmm....shiney! said:
Haven't researched the validity of the data, just sharing if anyone is in the unfortunate position of having come face-face with a raving left-wing Greenie or a braindead right-wing redneck throwing the energy use thing at you as an argument against BTC.
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Yeah I suspected that was the Lefties stretching the truth.
They couldn't justify calling BTC racist, so they resorted to Environmental terrorism. o_O
Either way, their rhetoric would indicate that crypto is in their sights.
 
Yeh it's like everything else whether it's sport, education, science, the environment, health, parties, drugs or money - you just have these dropkicks that insist on enhancing their values by wielding and cornering the market in political power.
 
wrcmad said:
Yellen told the Treasury’s financial sector innovation policy roundtable “the misuse of cryptocurrencies and virtual assets is a growing problem.”
“It’s an extremely inefficient way of conducting transactions, and the amount of energy that’s consumed in processing those transactions is staggering,”
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I wonder if she also has an issue with the current banking system that probably uses 1000x more energy to function. Not to mention all the heroin and hookers that gets consumed too.
 
Not sure that bitcoin has helped Tesla much, now seems tesla stocks are treated like Bitcoin, when Bitcoin goes up a bit He gains $1b when bitcoin goes down a little he loses $19billion in market cap as a result. Tesla tied it self to bitcoin unintentionally and wallstreeters are using bitcoin prices to figure when to buy and sell tesla. weird situation considering the amount of capitol tesla has in bitcoin isnt much in the grand scheme of things.
also stupid of him to talk down the price of a crypto his company has a stake in.
 
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hawkeye1 said:
Ayyy!!! Shiney man! I see what you are up to.

I was the same. I was like "sell everything that isn't nailed down and use the money to buy more BTC". And then I was like "how much money can I safely borrow to buy more?". And now I am scrounging for every last cent that I can dig up to buy more.
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I've got an 11 month stumpy tailed red I can trade :D

Screen Shot 2021-02-27 at 7.04.27 pm.png

nah, won't do it.
 
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Cryptos are racist now. I've read reports that more whites own it that nonwhite and that's a problem.
They might give every nonwhite American a bitcoin in the next stimulus payment for slave reparations.
Sarcasm? No way man not me.
 
No even better they need to pay them in the civil war fiat bucks that were printed away to no value to pay for the war.
If we have to pay for sins from hundreds of years ago then we should use the sinful fiat from back then too.
They can have as much as they want! Sounds perfect!
 
JohnnyBravo300 said:
Cryptos are racist now. I've read reports that more whites own it that nonwhite and that's a problem.
They might give every nonwhite American a bitcoin in the next stimulus payment for slave reparations.
Sarcasm? No way man not me.
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I don't believe it. Leftist rubbish.
I would have thought the Chinese would have been the biggest participants?
 
Jason1 said:
Not sure that bitcoin has helped Tesla much
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he is desperately trying to delay the rotation into commodities and hard assets. They are trying everything, pushing down the spot price, hoping that people will change their mind, but comex delivery of gold and silver is now at record highs. Silver itself is now multiples of 2010 deliveries, the previous record. Today, I saw huge crowds at gold shops, crowds that I’ve never seen before since Feb last year.

But the cheaper it is, the more people will buy so this strategy that works with cryptos and momentum stocks isn’t working for hard assets. People are not fooled. They will need to ban physical sales to make people stop buying.
 
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Musk's investment in BTC is future orientated. I understand that sometimes it's hard for no-coiners to imagine 3 hours into the future.
 
I don’t disagree with the future but why now and not when BTC was below $10k. How do we know he isn’t selling his private holdings at the same time?
 
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