Topic: Bitcoin rising from banking collapse...Permanent or new Fed stops ahead? - page 2. (Read 234 times)

i also have the feeling that he really wants attention for some hidden agenda, so the community will talk about such speculative price. and yes, one is to possibly sell what he has in his bags. much better if we will have a natural upward movement rather than drastic pumps, which can easily go down in a very short period of time. that scenario will create disappointments for those who won't get the right timing of buying and selling of their satoshis.
but as we can see on this situation, the banking system debacles are giving a good avenue for crypto adoption, BTC in particular.

Yet because of that headline news all over the media, we are now getting to 28k but honestly its getting up there faster than I thought because of all this hype. I'd rather have more people acknowledge bitcoin's main purposes rather than all this big shot hoarding bitcoin through all these panic buy because of a banking failure


Nah, its way too fast and pretty much its just the result of panic buying / hoarding but yeah $28k btc a piece is always better than anything below $20k

Crypto is pumping but one thing you need to realise is that we don't want hyperinflation. If we get hyperinflation then nobody will want your bitcoin. What will happen is going to be riots and you will need guns and food instead of bitcoin.

Hence why that guy on Twitter making the $2M bet is most likely doing it for attention and wants to pump crypto short term so he can sell his bags in the $30-40K range. We don't need hyperinflation to get bitcoin to rally. So far due to the expanding fed balance sheet, risk-on assets are going up again and so is bitcoin.

I have really no idea about them.

But the fact is, whatever they do now, bitcoin is unstoppable and it's bound to increase no matter what they do. Any single move they do is being watched and could really play a big part for bitcoin's price movement.

Eventually, it will be changed and bitcoin will still have to move on its own. That's what of the speculations why the price have increased and it's due to FED announcements and there will be more of it.

It's hard to change this right now after the SVB, Silvergate and Credit Suisse debacles.

Thank you for refreshing my thoughts. I read not long ago about some non-US banks beginning to restrict the amount that people could transfer to crypto exchanges per month to some ridiculous amount like 5,000 GBP, subject to additional review if they deem fit. I suppose that this is one form of "stop" that would be put in place to prevent a mass exodus from fiat. Another would be to completely try to ban BTC and transfers to exchanges in coordination. I feel like this would be a last resort and by this point, peer to peer solutions will be popular again or will quickly become "mainstream" after this happens.

Yep, it seems very easy. You couldn't believe the FED will just give up but it seems easy to accept BTC than Digital Yuan.

With the banking crisis, the system will not be reliable again unless they are going back to the gold standard.
They use to ban citizens holding gold though if they ban BTC also then it will just be the same case later on, they allow people to acquire gold. It depends on what serves them.

Seeing the rising price of bitcoin over this last few weeks has been a pleasant change. What has been even more pleasant is that Bitcoin's original purpose (being, a hedge against the inherently flawed global fractional reserve banking system) is finally becoming headline news and directly gaining value from the beginning of the banking sector collapse.

It seems like this would lead to a steady and fruitful uptrend for Bitcoin...but I also think, isn't this too easy? I find it hard to believe that the Fed and its subordinates would just allow Bitcoin to steadily increase and prove itself to be a hedge against fiat so obviously as it seems to be playing out right now.
 
The next question that stems from this thought is that maybe there are new backstops in place that would reverse the current trend, prolong fiat money and its wicked way for just a little longer, cause pain to the true believers who (like myself deep down) feel something along the lines of "This is the time! It's happening!" and then accumulate before the real uptrend begins when the fiat system does inevitably start to hyper-inflate/collapse.

TLDR: Do you think that the Feb or other Bitcoin adversaries have any potential plans to either hurt Bitcoin, or make the banking system seem more reliable for a period of time again to prevent the current uptrend from continuing?