[theluckycountry]

As CBDCs Launch, How Long Until the Social Credit Grid Controls You?

$this->bbcode_second_pass_quote('', 'A')s countries like China weaponize social credit systems, the U.S. quietly inches closer to implementing its own version under the guise of financial inclusion...

[theluckycountry]

Going by the 4 consecutive lower lows over the past 3 weeks I suggest BC may have peaked for this cycle. It's been 8 months since the halving. There could be a second slightly higher top, like in the 2021 cycle, who knows?
$this->bbcode_second_pass_quote('', 'T')hese peaks are often reached within a year after a halving, riding the wave of reduced supply and heightened demand, before the natural market correction takes hold due to profit-taking and the cyclical nature of investor sentiment.

[theluckycountry]

Who farted? The Trump bump at risk of becoming a dump?




Guy could win an ugly contest hands down
https://www.zerohedge.com/the-market-ea ... oming-dump

[theluckycountry]

Trump is 78 years old! What is it with the Americans? Everyone else gets younger more vibrant leaders yet the US votes in men on their deathbeds almost. An 80 year old man isn't connected with mainstream society, he's off in his own world. The only reason he has appeal with the masses is because he has young handlers telling him what to say.

He made promises to the crypto community to get their votes, knowing that no one else would care, because we don't. He made promises to abolish EV subsidies to attract voters sick of subsidizing the crap, it didn't offend EV owners because they have already bought, and the number of those wanting to gets smaller by the day. He promised everything to everyone, even vague promises about ending the war, as though he had influence in Russia

Whatever crypto does going forward it will depend a lot more on the stock market than on the promises of a corporate toady having his second term in the oval office.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'T')rump is 78 years old! What is it with the Americans?

[theluckycountry]

How do you fool the public into thinking your companies stock isn't in a Bubble? Stock splits where the price is reset multiples lower, 2x, 5x, 10x, whatever it takes to make it look like it's trading normally.

MicroStrategy though doesn't need to employ such shenanigans, it's method is to double down buying BC. On Friday afternoon, MicroStrategy’s share price rose to $341.14, after the world’s largest corporate holder of bitcoin announced the acquisition of 2,138 bitcoin, at a price of roughly $97,837 per bitcoin. The buy represents an investment of approximately $209 million for the software intelligence company – marking the company’s eighth week in a row of consistent bitcoin purchases.


6 months ago the price was $130 a share
A month and a half ago it was $504
Today it's back at $340

$this->bbcode_second_pass_quote('', 'L')ed by prominent bitcoin maximalist Michael Saylor, the company has long touted the revolutionary potential of bitcoin: “Bitcoin fixes things. Bitcoin can help everybody,” Saylor said at last year’s Bitcoin 2023 conference in Miami. “Bitcoin is here to stay. Bitcoin is the future."

However, the firm’s bitcoin accumulation strategy has attracted criticism. In an interview with Business Insider, one expert labeled the ploy "a leveraged vehicle for holding bitcoin in the guise of a software company," indicating that the company's bitcoin investments were speculative, inviting volatility and risk, rather than offering shareholders a sustainable business model.

[theluckycountry]

$this->bbcode_second_pass_quote('', 'F')or those not yet convinced of the ‘MEME’ characteristics rather than the antifragile nature of cryptocurrencies, a look at Dogecoin (not to be confused with the Department of Government Efficiency led by the modern American version of Rasputin), originally created in 2013 as a joke based on the popular "DOGE" meme, reveals that, unlike Bitcoin, it has officially stated that it has an unlimited supply. This undermines the belief in cryptocurrency's scarcity and value retention. While having no technological utility like Ether, Dogecoin's market capitalization has peaked in sync with the Nasdaq index and the Bitcoin-to-Gold ratio. This should be enough to convince any YOLO investors that cryptocurrencies, whatever they are, are NEITHER ANTIFRAGILE NOR A STORE OF VALUE, but rather speculative tools created for money laundering and financing illegal activities across the world.

Sam Bankman-Fried founded Alameda Research and FTX in 2019, but their close ties led to the misuse of customer funds. In November 2022, a report on Alameda’s FTT holdings triggered a liquidity crisis, exposing an $8 billion shortfall and resulting in FTX’s bankruptcy. The collapse, labelled one of the largest financial frauds in U.S. history, devastated crypto markets and contributed to the failure of Signature Bank, which had $110 billion in assets.

To describe the current level of insanity of the ‘Crypto Ponzi Scheme’, despite its parent company’s bankruptcy, the FTX Token ($FTT) still has a market cap of almost $900 million, valuing it higher than half the businesses in the Russell 2000.

[careinke]

$this->bbcode_second_pass_quote('theluckycountry', '')$this->bbcode_second_pass_quote('', 'F')or those not yet convinced of the ‘MEME’ characteristics rather than the antifragile nature of cryptocurrencies, a look at Dogecoin (not to be confused with the Department of Government Efficiency led by the modern American version of Rasputin), originally created in 2013 as a joke based on the popular "DOGE" meme, reveals that, unlike Bitcoin, it has officially stated that it has an unlimited supply. This undermines the belief in cryptocurrency's scarcity and value retention. While having no technological utility like Ether, Dogecoin's market capitalization has peaked in sync with the Nasdaq index and the Bitcoin-to-Gold ratio. This should be enough to convince any YOLO investors that cryptocurrencies, whatever they are, are NEITHER ANTIFRAGILE NOR A STORE OF VALUE, but rather speculative tools created for money laundering and financing illegal activities across the world.

Sam Bankman-Fried founded Alameda Research and FTX in 2019, but their close ties led to the misuse of customer funds. In November 2022, a report on Alameda’s FTT holdings triggered a liquidity crisis, exposing an $8 billion shortfall and resulting in FTX’s bankruptcy. The collapse, labelled one of the largest financial frauds in U.S. history, devastated crypto markets and contributed to the failure of Signature Bank, which had $110 billion in assets.

To describe the current level of insanity of the ‘Crypto Ponzi Scheme’, despite its parent company’s bankruptcy, the FTX Token ($FTT) still has a market cap of almost $900 million, valuing it higher than half the businesses in the Russell 2000.

[theluckycountry]

$this->bbcode_second_pass_quote('careinke', 'Y')ou should hire this guy as your financial advisor. He would be perfect for you.

[theluckycountry]

Boy that "Trump Bump" wore off is a big way didn't it? BT broke under 90k this morning, following the rest of the paper markets down, as always.
$this->bbcode_second_pass_quote('', 'B')itcoin's introduction into the market in the early 2010s was heralded by a belief in its low correlation to other assets—and thus, potential to act as a hedge against asset classes like equities. The idea is that bitcoin doesn't necessarily move with the stock market, so if equities are generally down, just like gold, your bitcoin position should be up.

[careinke]

$this->bbcode_second_pass_quote('theluckycountry', '')$this->bbcode_second_pass_quote('careinke', 'Y')ou should hire this guy as your financial advisor. He would be perfect for you.

[theluckycountry]

$this->bbcode_second_pass_quote('careinke', 'W')hy would I suggest a dead person to be your financial adviser??? I was referring to the live person on Zero Hedge.

[theluckycountry]

It's the Debt, stupid
$this->bbcode_second_pass_quote('', '
')The general gist of MicroStrategy's Bitcoin strategy is this:

Make Bitcoin the company's primary treasury asset over cash.
Leverage secondary share offerings and debt offerings to buy more Bitcoin.
Use its underlying business to generate revenue to service the debt incurred to buy more Bitcoin.
Attract Bitcoin enthusiasts as shareholders which supports the share price and facilitates secondary offerings used to buy more Bitcoin.

[careinke]

Lucky, take a chill pill or even better, an orange one. You seem to be obsessed with successful people who are disrupting your faulty belief of reality.

Now that I have your Kacal's up, here is the article you posted, and I was responding to:
https://www.zerohedge.com/news/2025-01-11/goldeneye

He is trying to talk down BTC and probably buying the dips. His first table comparing various Index performance to gold seemed to be missing something,,, Oh yea BTC. Here, I got that data for you:

$this->bbcode_second_pass_quote('', 'I')n 2024, Bitcoin (BTC) outperformed gold significantly. While Bitcoin surged by approximately 119%, gold saw a more modest increase of around 27%. This means that Bitcoin's performance was more than four times that of gold in the same year.

[theluckycountry]

$this->bbcode_second_pass_quote('careinke', 'T')rumps second term is filled with pro crypto sponsors, the tech giants have all made their pilgrimage to Maro Logos to kiss the ring of the new world leader.
PEACE

[theluckycountry]

I check in on reddit from time to time to get a feel for the coins, doge and BC. Sentiment on the BC sub is very muted at the moment, it seems a good proportion of hodlers are expecting a top soon, followed naturally by a prolonged Bear market. A woman poses a question.

$this->bbcode_second_pass_quote('', 'M')y husband bought bitcoin from 2017 through 21, before his untimely death. Four years later I found his paper wallet and transferred into coin base. I about cried. I’m trying to learn more about cryptocurrency now. I own my house, but owe roughly $150k on it, should I pull some out now and sit on one bitcoin? I know it’s going to keep growing but the burden of a mortgage payment that I am able to payoff it’s looking really enticing… suggestions?

[careinke]

$this->bbcode_second_pass_quote('theluckycountry', 'I') check in on reddit from time to time to get a feel for the coins, doge and BC. Sentiment on the BC sub is very muted at the moment, it seems a good proportion of hodlers are expecting a top soon, followed naturally by a prolonged Bear market. A woman poses a question.

$this->bbcode_second_pass_quote('', 'M')y husband bought bitcoin from 2017 through 21, before his untimely death. Four years later I found his paper wallet and transferred into coin base. I about cried. I’m trying to learn more about cryptocurrency now. I own my house, but owe roughly $150k on it, should I pull some out now and sit on one bitcoin? I know it’s going to keep growing but the burden of a mortgage payment that I am able to payoff it’s looking really enticing… suggestions?

[theluckycountry]

Which side are you gonna put that carport on inke?

[careinke]

$this->bbcode_second_pass_quote('theluckycountry', 'W')hich side are you gonna put that carport on inke?

[EnergyUnlimited]

To all of you.

Pointless to argue about crypto being useless or a fraud.
Several years ago my younger son have won a reasonable wealth and financial freedom by trading crypto back and forth.
He was only 21 at the time and it took our family about a year to watch those candles on charts and execute daily trades 24/7/365. We have assigned duties for him, me and my wife and sometimes also our older son was helping - but my younger son was a brain of operation.
So he got there - and now can show 2 fingers to the system.
He no longer trades crypto but made enough money out of countless cheeky trades to impress few banksters and now has fast tracked career in ASEAN being already reasonably well off at a start. He left Poland and now lives in Malaysia.