doctor_fungcool
TB Fanatic
Bitcoin Hits $1 Trillion Value as Crypto Leads Other Assets....(from Yahoo Finance.)
For those of you who are truly interested in cryptocurrency/alt-coins/stable-coins/etc. I highly recommend coinbase.com as a resource.
I use the app but it is also a website. I've personally used it and learned a great deal and even made a little money.
There are little quizzes after learning about a particular coin and they reward you with some of the coin for every answer you get correct.
I haven't spent a cent on the site and have ~$150 over the past 6 mos just taking tests and learning. That's after only 4 different types of "coins". I did a few quizzes back in October and then forgot about it and went back in January to see everything had increased in value. Was actually surprised.
I have to admit I'm a slow learner, but the rewards entice me to keep trying.
I imagine this is kind of the way things are headed. At least until it all implodes and crashes down around us.
I wouldn't invest in imaginary money. It only exists in some ones imagination. It comes in the pocket of the emperor's new clothes.Maybe we need to be educated as to why it is... or isn't a good investment
One has to wonder if "forces" that are involved in trying to remove the western central banking system and its "support" of the U.S. dollar as the world's reserve currency, are behind the rise in Bitcoin's value - Elon Musk recently took a large chunk of cash ($1.5B?) of Tesla funds, and bought Bitcoin (and perhaps other cryptos?). Tesla will now accept Bitcoin in payment for a new Tesla car. Apple Pay apparently will manage/allow you to spend your Bitcoin via their end-user electronic payment system - there are several other large and medium businesses that are accepting Bitcoin (and likely some others) as a form of payment for their products and/or services. Rumored last week - Apple will buy some amount of Bitcoin itself, as a hedge (using it as one would if the Bitcoins were PMs on the asset sheet) - go to Bitcoin's site - there is a list of companies that accept Bitcoin, for your perusal.Your last sentence haunts me... for IF America’s financial system is nothing more than a toxic waste dump of speculation, fraud, collusion, corruption, and rampant profiteering..then BUYER BEWARE.
Funny.I wouldn't invest in imaginary money. It only exists in some ones imagination. It comes in the pocket of the emperor's new clothes.
Good comments - the hinge in this whole Bitcoin/crypto rigmarole, at the moment, is whether the western central banking system can substantially control/influence crypto/Bitcoin values, causing them to swing wildly as THEY deem necessary.Nothing wrong with learning how it all works as the Fed is intending to take us digital after the fiat dollar collapse but it will be with their digital currency and FedNow accounts along with the other central banks of the world using their own and perhaps a globally recognized coin for cross border payments/transfers among the central banks. I do not see the global monetary powers allowing an upstart such as Bitcoin to usurp their money making scheme.
I think they are allowing Bitcoin and the others to run right now as it's siphoning cheap money off that would be going into traditional safe haven assets such as gold/silver.
I have bought/sold Bitcoin and used Bitcoin fractions to buy other coins. I have several coins including XRP and XDN. Main drawback to Bitcoin as I see it is the incredibly slow transaction clearing speed and with the design of the system I don't see how it gets any faster.
Regardless, even at this point I wouldn't put anything into crypto that you can't afford to lose in the end. The banksters feel that they hold the winning hand and when they are ready they will take Bitcoin out again after the heavy rollers on the top quietly liquidate with the standard pump/dump scheme. I just don't see the money powers allowing private digital coins to usurp their power as that power to coin and print money is the only real power they have over us and that is precisely why they hate gold/silver in the hands of the masses.
"Almost" could change to "less BS" than the dollar, IF and WHEN a significant number of international corporations are showing substantial Bitcoin/crypto holdings on their balance sheets, which could significantly dampen any pump/dump shenanigans by the western central bank system in any attempt to control the value of "their" U.S. dollar against cryptos.“However, when fiat currency has negative real interest, only a fool wouldn’t look elsewhere. Bitcoin is almost as bs as fiat money. The key word is ‘almost'”
For those of you who are truly interested in cryptocurrency/alt-coins/stable-coins/etc. I highly recommend coinbase.com as a resource.
Good comments - the hinge in this whole Bitcoin/crypto rigmarole, at the moment, is whether the western central banking system can substantially control/influence crypto/Bitcoin values, causing them to swing wildly as THEY deem necessary.
Works either way, except you can actually hold a dollar.Funny.
For a second, there, I briefly thought that you were talking about the (highly manipulated) U.S. dollar.
Nah . . .
intothegoodnight
In the case of Tesla, and other companies that accept Bitcoin/cryptos as payment for their goods and services, one is actually "holding" "a Bitcoin" "in their hand," too.Works either way, except you can actually hold a dollar.
No, but they do exist.In the case of Tesla, and other companies that accept Bitcoin/cryptos as payment for their goods and services, one is actually "holding" "a Bitcoin" "in their hand," too.
Wholly dependent upon the spend-ability of a "currency." If the dollar were to become un-spendable, would one continue to hold dollars?
intothegoodnight
I need to be educated concerning the in's and outs of this product.
I am purrrr-plexedDear Black Kitty Cat ( the Fung Man)
I and many others have tried to help you out. Knowledge is dangerous.
View attachment 253378ECON - What is Bitcoin? A POSITIVE Thread For Learning About Crypto Currencies
BITCOIN. love it or hate it, it is still going up. Bitcoin is valued at $23,008.89 and is floating over the old all time high.. Bitcoin is now up +217.20% for last 12 months Do not invest more than you can afford to lose. A paid off farm is a beautiful thing until the county decides your...www.timebomb2000.com
sure you can hold a dollar..... but they make poor toilet paper.... sarcWorks either way, except you can actually hold a dollar.
When they allowed Bitcoin futures to be traded the die was cast for them to be able to control the price just as it was the gold/silver futures markets. When they want to knock metal spot down they sell futures for metals that don't even exist and they can [and have] done the same with Bitcoin and the regulators just look in the other direction. As long as a futures market exists for Bitcoin they can take it down again and since all the other crypto's are joined at the hip with Bitcoin's fortunes they will follow right along.
That is why people have to be careful not to get over their skis in this as they can lose their shirts.....again. And a lot more than their shirts this time with BTC over 50K.
GME and Tesla have also gone through the roof. It has failed as a store of value given it's wide swing in values. It will go up until it doesn't. Some of the cloud wallets have been hacked, gone off the air and otherwise left the vault doors open without customers.
Sir: I think the futures manipulation of Gold and Silver are due to Naked Shorting.... what do you think?
I believe the capital gains tax for my area (Illannoy) is 15% federal and 4.95% state.The biggest thing about crytos, including bitcoin, is know your local, state, and federal capital gains tax rules, cause you can get zinged and pretty hard when you convert them to FRNs.
Nothing wrong with learning how it all works as the Fed is intending to take us digital after the fiat dollar collapse but it will be with their digital currency and FedNow accounts along with the other central banks of the world using their own and perhaps a globally recognized coin for cross border payments/transfers among the central banks. I do not see the global monetary powers allowing an upstart such as Bitcoin to usurp their money making scheme.
I think they are allowing Bitcoin and the others to run right now as it's siphoning cheap money off that would be going into traditional safe haven assets such as gold/silver.
I have bought/sold Bitcoin and used Bitcoin fractions to buy other coins. I have several coins including XRP and XDN. Main drawback to Bitcoin as I see it is the incredibly slow transaction clearing speed and with the design of the system I don't see how it gets any faster.
Regardless, even at this point I wouldn't put anything into crypto that you can't afford to lose in the end. The banksters feel that they hold the winning hand and when they are ready they will take Bitcoin out again after the heavy rollers on the top quietly liquidate with the standard pump/dump scheme. I just don't see the money powers allowing private digital coins to usurp their power as that power to coin and print money is the only real power they have over us and that is precisely why they hate gold/silver in the hands of the masses.