Crypto thread

Everyone gets free money!

Detox. It is the fact that this virus spreads so easily is what makes it so dangerous. Also, I think you are discounting how deadly this new virus is. Italy is composed of a population with 60% over the age of 40. The death rate there is roughly 5%. 

We are now in the critical phase of containment. It sucks. Nobody is happy about this but don't feel like this is fear-mongering. 

There are 60,000,000 people in Italy and they have had 1,000 deaths. 30% of their population is 60+. 90% of their deaths have been people over the age of 70. 

The flu kills 500,000 annually. Nobody cares, or takes any special measures, because the media doesn’t tell them to. 

People are brainwashed! 

Corona kills 85 year olds with pre-existing conditions. 

Statistically speaking you are MUCH more likely to kill yourself than you are to die of corona.  

Got an entire population using hand sanitizer to fight a virus that spreads person to person through the air lmaooooooo

This type of article is why I put up with the mountain of garbage on the ZH website, most of what they serve up is Trump slurping, gold hoarding DEM bashing but the information you can find that digs deep into the financial black hole is an education you wont find anywhere else-

(link is to the zoltan article on the ZH website)

https://www.zerohedge.com/markets/zoltan-stares-abyss-fed-has-failed-here-what-powell-must-do-right-now-avoid-catastrophe

Google ‘what does $1 trillion look like?’ 

Then buy bitcoin 

They’ve been calling for this since forever now. They missed out on the biggest bull run in history and lost some credibility in the process imo. 

Hey Detox what should we be expecting after the halving? 

thanks for all the information as well 

Expecting big things after the halving. Right now is a good time to buy in the big picture. Things are volatile, so if you buy, don’t think about selling until at least Dec 2021. 

Democrats (Joe Kennedy) are countering by offering $4,000 to every American adult making under $100k, $2,000 to every American adult making over $100k and $1000 for every child 18 or younger. 

Think about all of this money flying around, and then buy bitcoin. 

That is too much and it will be like the fake handout last time where you had to claim it as income on your taxes and all this does is add to the pile for our national debt.

Stupid idea...but hey its great for the consume now moron group. If I get that I will probably put it in a college fund for the kiddo or buy another bitcoin.

So the thin market jumps 300 pts in like 90 seconds, all is good. Oh and oil is down to 26, that does not mean much...when we are hopped up on free FED money the reality of our situation is meaningless.

picked up some recently when it was around 4.7 and will be looking to grab more in the next two months, greatly appreciate the intel 

I say now is a good time to buy, but let me clarify. 

It might go back under $4,000. But it also might not. In the big picture I think bitcoin will be above $50,000 per BTC so I’d rather buy at $5,200 than miss out. 

If you do buy now, you just can’t panic sell if it does drop to $3,500 or whatever the bottom is. 

Yep, $4,700 is a great price. Just hold and don’t think about selling until about 1.5-2 years after the halving. 

Oooooh man this gets me excited. I have the same feeling I had when I was a 27 year old buying my first multi-family in 2009. 

People were saying I was an idiot. But I would just focus on the math. The mortgage was $1200 and I could get $1200 in rent from the first floor. I bought for $130k and sold 11 months later for $258k. Rinse and repeat. 

Now, almost all of that hard work is in crypto and gold. It hasn’t paid of yet, but I can feel it in my bones. December 2021-May 2022!!! 

You have to admit, if people like Draper are right calling for $250,000 BTC, this is all creating the correct roadmap. 

No trust in centralized governments. Mass inflation. Public demands decentralization. Bitcoin becomes the world’s currency. Top of the line decentralized blockchains like ETH, ADA, XTZ become the platforms of countries and or institutions. 

I do not see it ever being the world currency. It is too inefficient and not cost effective...too many barriers to entry and difficulty making transactions to be anything more than an alternative.

That’s why there are other crypto’s. Bitcoin will be like how gold was when the world’s currencies were tied to it. ADA I can hit the send button from the wallet on my app and it will be in the wallet on your app almost instantaneously. I think XRP is instant. There are others as well. 

The on ramp is a problem. And creating a taxable event in the US by making a transaction is a problem. 

It needs to be more peer to peer. If I go to Joe and buy a bitcoin off of him, nobody knows that I have it. If I go to coinbase, everybody knows I have it and where it’s going. 

That wasn’t how it was intended. 

There are places that mix bitcoin. You send in your bitcoin and then send your mixed bitcoin to a wallet that can’t be traced to you. Like if you wanted to buy a VPN subscription or just didn’t want to be tracked.  

All of this stuff will be worked out over time and as the kids that grew up with with all of this stuff start accumulating more and more wealth. 

Any of you guys follow @purchasable on twitter? He goes after scammers in general but especially in the crypto space. No clue how he does it. 

Markets seem to be reacting well to the stimulus packages, the Dow Futures are only down -821 

How many CEO’s spent all of the company’s cash on stock buybacks, grossly inflated the price of their stock, stepped down/sold their stock at the top? 

And now the company gets bailed out because the company doesn’t have any cash. 

How bad do things have to get before taxpayers push back on this? 

Unemployment claims Massachusetts 

February: 17,382 

Monday: 19,884