[theluckycountry]

Try to stay on topic inke, this is about shitcoin, the only EV related part is that the cryptos are tech stocks that follow the market up and down. With the collapse of the EV bubble they were danger of floundering but have been buoyed up a bit by the AI bubble.

I have put a bit of effort into researching this ok, try and find something interesting to say about the matter other than "Wait grasshopper"

[careinke]

$this->bbcode_second_pass_quote('theluckycountry', 'T')ry to stay on topic inke, this is about shitcoin, the only EV related part is that the cryptos are tech stocks that follow the market up and down. With the collapse of the EV bubble they were danger of floundering but have been buoyed up a bit by the AI bubble.

I have put a bit of effort into researching this ok, try and find something interesting to say about the matter other than "Wait grasshopper"

[theluckycountry]

$this->bbcode_second_pass_quote('careinke', '
')3. An attempt will be made to try and make a U.S. CBDC, but it will not be possible as many states have already made them illegal, so expect court fights for the next 10 years over this issue.

For me, Economically, I will be way better off if Trump wins in the short term. I'm thankful crypto has a very well-funded and effective lobbyist group, which has a good chance of ensuring a Trump win over the Deathocrats shenanigans.

Is that on topic enough for you? I'd like to see your take, now that you have been doing some research. Caution you have started going down the rabbit hole. Most people started out like you, eventually the eat the orange pill.

[theluckycountry]

Never confuse Real assets with digital assets. All digital assets are tied to fiat currency and to credit bubbles. When the bubbles pop, so do the values (prices) of the digital assets. Even Houses are part of the digital framework because they are based on credit and loans. Go back to the 1930's (paper assets) and you'll see that they, along with nearly everything else, collapsed in price. Basically they had been bid up in price over the previous decades and the heavy debts brought them down. Gold naturally went in the other direction, increasing in price by 50%. It is the ultimate "Real Asset." No one goes to the bank to borrow to buy gold, though many did just that to buy crypto.

With the recent uptick in cyrpto I have noticed a major shift on the big reddit platform.
https://www.reddit.com/r/Bitcoin/ has over 7 Million members but on this up-leg all the WOW seems to be overrun by the noise of confusion? They are questioning everything, same over on r/dogecoin. I imagine a certain amount of this is driven by simple exhaustion, they are getting tired of the roller-coaster, tired of seeing big gains followed by massive collapses. I really can't think of another class of investment that behaves in this fashion. It's a mindfuck!

BC has broken (just) out of it's stairstep downward trend but it is still off from its $73k high of several months ago and a LONG way off from it's inflation adjusted high of the last major runup. To my mind it's just following the NASDAQ up, which in turn is being driven by Hopium in the IT/AI bubble stocks. A house of cards basically.

from reddit, a white paper.

The Distributional Consequences of Bitcoin:
$this->bbcode_second_pass_quote('', 'A')bstract
The origonal promise of Nakamoto (2008) to provide the world with a better global means of payment has not materialized. Instead, the focus has increasingly shifted to Bitcoin as an investment asset promising high capital gains. Promoters of this investment vision put little effort relating Bitcoin to an economic function which would justify its valuation...

[theluckycountry]

MicroStrategy CEO Michael Saylor Sparks Outrage With Crypto Custody Comments

$this->bbcode_second_pass_quote('', 'H')e said you’re better off trusting your Bitcoin in state custody than holding your own private keys, then went further, calling out all of the businesses engaged in custody projects by calling them effectively bullshit salesmen.

[theluckycountry]

Now this is breakthrough, NVIDEA is off like a rocket but BC has 'decoupled' as they say, and is plummeting. NVID is up 50% in 3 months, stellar gains, amazing. It's the bubble's bubble now But what's with $hitcoin?

[theluckycountry]

Inke, have a look at the chart https://www.coingecko.com/en/coins/bitcoin
set it for Max range and lay a ruler over the peaks of the last 7 months. Do you think the stair-step down pattern is still asserting itself? The three major peaks in the pattern down are
73~ 71~ 69

[careinke]

$this->bbcode_second_pass_quote('theluckycountry', 'N')ow this is breakthrough, NVIDEA is off like a rocket but BC has 'decoupled' as they say, and is plummeting. NVID is up 50% in 3 months, stellar gains, amazing. It's the bubble's bubble now But what's with $hitcoin?

[careinke]

$this->bbcode_second_pass_quote('theluckycountry', 'I')nke, have a look at the chart https://www.coingecko.com/en/coins/bitcoin
set it for Max range and lay a ruler over the peaks of the last 7 months. Do you think the stair-step down pattern is still asserting itself? The three major peaks in the pattern down are
73~ 71~ 69

[theluckycountry]

$this->bbcode_second_pass_quote('careinke', 'Y')ou make a good point and yes, I am very aware of it. This has been the longest sideways movement in BTC's history...
I believe we bottomed out on Sep 6th, 2024, at a price just below $54K. Since then, we have been stair stepping up with higher highs and higher lows ...

[careinke]

$this->bbcode_second_pass_quote('theluckycountry', '')$this->bbcode_second_pass_quote('careinke', 'Y')ou make a good point and yes, I am very aware of it. This has been the longest sideways movement in BTC's history...
I believe we bottomed out on Sep 6th, 2024, at a price just below $54K. Since then, we have been stair stepping up with higher highs and higher lows ...

[theluckycountry]

$this->bbcode_second_pass_quote('careinke', 'W')e tapped all-time highs today in BTC. We will probably get a quick downturn so the exchanges can collect money from all the newly leveraged longs, then we will be in uncharted bullish waters.

[careinke]

$this->bbcode_second_pass_quote('theluckycountry', '')$this->bbcode_second_pass_quote('careinke', 'W')e tapped all-time highs today in BTC. We will probably get a quick downturn so the exchanges can collect money from all the newly leveraged longs, then we will be in uncharted bullish waters.

[theluckycountry]

$this->bbcode_second_pass_quote('careinke', '
')
Geez, you like to live in the last century, and we are almost a quarter through the present one. I'm making triple the money you are with gold. Have fun staying poor.

[theluckycountry]

For those reading that are tempted to delve into BC (doubtful at this stage) Lets recap shall we.

$this->bbcode_second_pass_quote('', 'M')adoff – A 21st Century Ponzi Scheme

Bernard Madoff perpetrated a multi-billion dollar scam that defrauded investors around the world for decades until his arrest in December 2008. Madoff’s fraud led many to financial ruin and his name is now synonymous with what many consider one of the largest Ponzi schemes in history.

What every investor should know is that Ponzi schemes, even as extensive as Madoff’s, are not too difficult to detect if you know the warning signs. A few simple actions can help investors sidestep the potentially devastating impact of a classic Ponzi scheme.

What is a Ponzi Scheme?

The “Ponzi Scheme,” named after the 1920’s swindler Charles Ponzi, is a ploy where earlier investors are paid with funds given by subsequent investors. In a Ponzi scheme, claims of underlying investments are bogus; very few, if any, actual physical assets or financial investments exist. As the number of total investors grows and the supply of potential new investors dwindles, there is not enough money to pay off promised returns and cover investors who try to cash out...

The Madoff Case

For decades, Madoff investors received consistent and steady annual returns through elaborate, fabricated account statements and other documentation that were provided to investors to convince them that their money had been placed in actual investments. The investments “appeared” legitimate, especially to people receiving payments. But in reality, there were no actual investments and no actual returns. Madoff paid the initial investors “returns” with money provided him by a steady flow of new investors.

In 2008, as the global economy began to decline, large numbers of Madoff investors needed money and began asking to cash in their investments. That’s when Madoff’s Ponzi scheme burst – he did not have enough money to cover his investors’ requests and new investor money was hard to be found in the economic downturn.

How to Protect Against Ponzi Schemes

Beware of promises of unrealistic returns. This is perhaps the easiest way to spot a Ponzi scam. Any legitimate investment involves risk. Guarantees of unrealistically high returns are a clear warning sign.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'F')or those reading that are tempted to delve into BC (doubtful at this stage) Lets recap shall we.

[careinke]

$this->bbcode_second_pass_quote('theluckycountry', 'F')or those reading that are tempted to delve into BC (doubtful at this stage) Lets recap shall we.

$this->bbcode_second_pass_quote('', 'M')adoff – A 21st Century Ponzi Scheme

Bernard Madoff perpetrated a multi-billion dollar scam that defrauded investors around the world for decades until his arrest in December 2008. Madoff’s fraud led many to financial ruin and his name is now synonymous with what many consider one of the largest Ponzi schemes in history.

What every investor should know is that Ponzi schemes, even as extensive as Madoff’s, are not too difficult to detect if you know the warning signs. A few simple actions can help investors sidestep the potentially devastating impact of a classic Ponzi scheme.

What is a Ponzi Scheme?

The “Ponzi Scheme,” named after the 1920’s swindler Charles Ponzi, is a ploy where earlier investors are paid with funds given by subsequent investors. In a Ponzi scheme, claims of underlying investments are bogus; very few, if any, actual physical assets or financial investments exist. As the number of total investors grows and the supply of potential new investors dwindles, there is not enough money to pay off promised returns and cover investors who try to cash out...

The Madoff Case

For decades, Madoff investors received consistent and steady annual returns through elaborate, fabricated account statements and other documentation that were provided to investors to convince them that their money had been placed in actual investments. The investments “appeared” legitimate, especially to people receiving payments. But in reality, there were no actual investments and no actual returns. Madoff paid the initial investors “returns” with money provided him by a steady flow of new investors.

In 2008, as the global economy began to decline, large numbers of Madoff investors needed money and began asking to cash in their investments. That’s when Madoff’s Ponzi scheme burst – he did not have enough money to cover his investors’ requests and new investor money was hard to be found in the economic downturn.

How to Protect Against Ponzi Schemes

Beware of promises of unrealistic returns. This is perhaps the easiest way to spot a Ponzi scam. Any legitimate investment involves risk. Guarantees of unrealistically high returns are a clear warning sign.

[theluckycountry]

You're running out of time Inke

[theluckycountry]

$this->bbcode_second_pass_quote('careinke', '
')Damn, you sound like Kamala spewing ridiculous word salads that mean nothing.