Hey Stefan, I encourage you to check out the tether situation at bitfinex. The bitcoin price surge seems in part due to dodgy dealings
-
-
-
these bitcoin evangelists don't discern between fundamental value and fraudulent value. they just want the price to go up at all costs
-
Not an argument
End of conversation
New conversation -
-
-
I’m big on bitcoin but it’s people want to get rich fast & FOMO driving the price. Not people being unhappy with fiat.
-
Beg to differ. The mainstream moment is upon us, and all the people flocking for advice are asking about savings for retirement due to distrust of all other savings products...pic.twitter.com/JCVuzA4Kv7
-
Wait til pension/retirement money is pumped into Crypto. Still about 18 months out.pic.twitter.com/RpxqQRIKXf
-
FOMO like nobody’s ever seen :)
End of conversation
New conversation -
-
-
Sigh...and I considered buying some bitcoin when it tanked to $11 a cpl of years back. I also considered buying Apple shares in the late 1990s but didnt. Needless to say, when it comes to investment advice, do as I say, not as I do :(
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Agreed. That's why I own bitcoin AND physical silver
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
the top brass at JP Morgan is saying that it's literally worthless... which makes me think that it's the new gold standard
-
That is exatcly what I was thinking.
End of conversation
New conversation -
-
-
No. It's that only bitcoin is allowed to react. But wait till the CME is selling bitcoin "futures contracts" that, in a magical result typical of the U.S. financial system, can't actually be presented for payment in bitcoin. Its price will be hit just like gold and silver.
-
Exactly. Once it’s traded like a gold/silver ETF, and profits are taxed, it’ll free fall. The fix is already in. It’ll be “rehypothecated” like gold.
-
Yup, there are only 21 million possible bitcoin, iirc, but watch, the CME trading will go up to 50 million bitcoin traded per day via "futures contracts".
End of conversation
New conversation -
-
-
Im not sure this is true. Price surge for bitcoin has as much to do with falling fiat currency as the dotcom bubble did.
-
Don't think he meant this to be taken seriously. Just a play on perspective.
-
Actually no he is serious. The inflation of the dollar compared to housing, stocks, daily goods has been dropping and everything else increasing. Technically that wouldn’t be a big deal but when the dollar drops to the Big Mac and goes up $.50 wages stay the same. Simple Econ
- 1 more reply
New conversation -
-
-
A few banksters get together each day at the London Bullion Market Association (LBMA) and say okay this is the price of gold today---"London Fix" never goes away... Sorry didn't mean for this to read like a song lyric.

- 1 more reply
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.