BTC : Where is the bottom?

CaptainJustice said:
Why are you guys hoping for it to fail completely. It's a great tool to replace traditional currency. Only bankers and wankers are hating on this.
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Bitcoin itself will never fail. Way too much money is running through the system for criminal purposes and this alone is more than enough for the system to be a success in future. It should, however, never have been used for trading purposes. They should have pegged it to the Dollar, Pound or Yuan and left it.
 
CaptainJustice said:
Why are you guys hoping for it to fail completely. It's a great tool to replace traditional currency. Only bankers and wankers are hating on this.
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Crypto maybe, Bitcoin not so much. Unless you're still using floppy disk because they're a great tool for sharing data? I'm assuming you're not because newer and better tech came along. BTC in its current form isn't a practical instant payment system.
 
CaptainJustice said:
Why are you guys hoping for it to fail completely. It's a great tool to replace traditional currency. Only bankers and wankers are hating on this.
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Bankers aren't hating it. They just can't use it so they're not going to punt it.
 
I'm for crypto and see value for some form of it in our financial futures. It won't replace government backed currency though. Anyone who thinks that it will has no understanding of monetary economics.
 
apparently below $12 000 it becomes prohibitive for a few mines and they will have to shut down
 
Pixies said:
It's going to go further and be integrated as part of government. Voting, accountability, decision making.
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Many politicians are also starting to back crypto as they want to appear to listen to the "people". Sam Kankman-Fried even said he will donate up to a billion dollars in the next presidential election. Love it or hate it all comes down to money and if crypto investors start backing politicians their tune will change very quickly. No one knows where the bottom is but anything under 20k is a good entry and everything under 15k is a steal.
 
L-Dog said:
Many politicians are also starting to back crypto as they want to appear to listen to the "people". Sam Kankman-Fried even said he will donate up to a billion dollars in the next presidential election. Love it or hate it all comes down to money and if crypto investors start backing politicians their tune will change very quickly. No one knows where the bottom is but anything under 20k is a good entry and everything under 15k is a steal.
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Why would governments trade their printing press for a printing press they don’t have control over?
 
Nike7 said:
Why would governments trade their printing press for a printing press they don’t have control over?
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Well technically the Fed is independent and run outside government control
 
The crash is just caused by people who are scared its going to zero. Ride it out. Def buy if it drops more.
 
saturnz said:
apparently below $12 000 it becomes prohibitive for a few mines and they will have to shut down
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So if any company in the world posts a nett loss for a financial year, do they all just throw their hands up in the air and immediately liquidate the company and give up on their entire business model?

Come on.
 
CaptainJustice said:
The crash is just caused by people who are scared its going to zero. Ride it out. Def buy if it drops more.
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Def nothing

Nothing is life is def

Ser, you're embarrassing the Bulls in the room. And the Bulls should already be embarrassed from last night.
 
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