Topic: BTC 2 become hard currency, surge $300Kish. Gov Sieze Debase all other assets. (Read 351 times)
April 25, 2020, 12:04:41 PM
I heard from Bitcoin twitter post that the government printed $6,000,000,000,000 . I am more than sure a small percentage will jump into bitcoin and will pump the price of bitcoin but I am not sure about that $300k
April 25, 2020, 04:39:51 AM
I would go as far to say this could make it or some other cryptos go to the $300K plus
I wish I'd see this price anytime soon, but I just can't believe it will happen at this time since the pandemic has been hitting us hard.
What you are saying is more like your own theory or personal opinion, but I'm certain majority don't trust bitcoin to grow that high.
Right, but going from 5 digit to 6 digit is very difficult to achieve so it might take some time probably next 5-10 years maybe. Remember that when we rose to $20k it was not that easy as it looks, takes years just to get to that all time high and then suddenly it was burst.
We have our own theory, but it is better to be realistic though in our prediction so that the obvious disappointment will not set in very early.
April 17, 2020, 08:43:28 AM
I would go as far to say this could make it or some other cryptos go to the $300K plus
I wish I'd see this price anytime soon, but I just can't believe it will happen at this time since the pandemic has been hitting us hard.
What you are saying is more like your own theory or personal opinion, but I'm certain majority don't trust bitcoin to grow that high.
April 03, 2020, 11:48:46 AM
Unfortunately, we have stablecoins, and many many altcoins that will work against any possible rise in cryptocurrencies.
These currencies will be a suitable place for speculators when the price of BTC increases more than expected.
Do not forget that the global economy will lose a lot, and therefore some stocks will achieve crazy profits, which makes us with many economically profitable alternatives other than cryptos.
Also, the absence of legislative laws will reduce the number of speculators, especially if the prices are too high.
Since Bitcoin was born to combat the economic crisis, I believe that all cryptocurrency today will attract close attention from society and governments. And this attention will only benefit the entire cryptocurrency market, as digital assets are becoming more popular than any product today. In addition, non-cash payments using cryptocurrency is not only safe, but also beneficial for everyone. At the moment, the period of interest in cryptocurrency is growing again compared to previous years, and I believe that we only have to observe Which cryptocurrency assets will be most in demand in society and in the cryptocurrency market. These currencies will be a suitable place for speculators when the price of BTC increases more than expected.
Do not forget that the global economy will lose a lot, and therefore some stocks will achieve crazy profits, which makes us with many economically profitable alternatives other than cryptos.
Also, the absence of legislative laws will reduce the number of speculators, especially if the prices are too high.
March 28, 2020, 09:08:12 AM
Unfortunately, we have stablecoins, and many many altcoins that will work against any possible rise in cryptocurrencies.
These currencies will be a suitable place for speculators when the price of BTC increases more than expected.
Do not forget that the global economy will lose a lot, and therefore some stocks will achieve crazy profits, which makes us with many economically profitable alternatives other than cryptos.
Also, the absence of legislative laws will reduce the number of speculators, especially if the prices are too high.
These currencies will be a suitable place for speculators when the price of BTC increases more than expected.
Do not forget that the global economy will lose a lot, and therefore some stocks will achieve crazy profits, which makes us with many economically profitable alternatives other than cryptos.
Also, the absence of legislative laws will reduce the number of speculators, especially if the prices are too high.
March 28, 2020, 08:50:43 AM
So it looks like Govs are going to use thus covid-19 to be the pretext for seizure and redistribution of whatever it takes, cash shares gold, your hoard of stuff.
The markets going to digest this in about 2 months and pile into BTC as fast as humanly possible when they work out its the one think gov's cannot take, even from your cold dead hands.
Predicting massive surge incoming.
I would go as far to say this could make it or some other cryptos go to the $300K plus
I wish this your speculation come to past in the next two months. I see governments trying to rebuy bitcoin as best price as possible in other to get large quantities as possible. We are at time of indecision in the market and this indecision level may last for the next two to three months and from there we would great explosion in pricing. May we keep holding till then. The markets going to digest this in about 2 months and pile into BTC as fast as humanly possible when they work out its the one think gov's cannot take, even from your cold dead hands.
Predicting massive surge incoming.
I would go as far to say this could make it or some other cryptos go to the $300K plus
March 27, 2020, 07:13:33 PM
The government will never be able to seize everything because you need people to seize for you. Compliant people.
Those policemen and soldiers also have their own homes and investments. If they government tries to steal from everybody there will be nobody to execute the order or at least ont enough people to do it.
Bitcoin will go up but not because of seizures but because people will realize that fiat money will not hold value in the time when it's every man for himself.
Those policemen and soldiers also have their own homes and investments. If they government tries to steal from everybody there will be nobody to execute the order or at least ont enough people to do it.
Bitcoin will go up but not because of seizures but because people will realize that fiat money will not hold value in the time when it's every man for himself.
March 27, 2020, 03:05:56 PM
So it looks like Govs are going to use thus covid-19 to be the pretext for seizure and redistribution of whatever it takes, cash shares gold, your hoard of stuff.
If they will be seizureing anything, they will seizure our privacy and liberty. After the pandemic, and Economic crisis we will have social and political crisis. World will not be same as was a year ago. Lots of Liberty will get lost similar to what happened after September 11 attacks. Those born in 90ties or latter dont even know what world was before.
March 23, 2020, 04:46:52 PM
Now that we know that FED will issue 4 Trillion $ out of the thin air, there is more room for speculations.
“We are now in QE infinity, again.”
Stock market futures immediately jumped 10% on the news, but by mid-day those gains were completely erased. Not sure what to make of it. On one hand, a strong relief rally is going to happen at some point in the next few weeks. Waning bearish momentum and ridiculous Fed intervention implies that. On the other hand, the market still clearly lacks confidence in the present outlook.
Anyway there are more strong signals to go up. If Russia and Saudi Arabia don't come to an agreement over the oil prices, Russia will be out of the oil marked in a few months, as their production price is quite high compared to the Saudi Arabian. The next in the list will be US, with the quite high shale oil extraction costs. If this happens the US$ stability will collapse and things will get worse. Then maybe we have a chance to see bitcoin around the suggested price range.
Could you elaborate? I don't see how this leads to a collapse of USD stability or $300K BTC.
March 23, 2020, 08:12:40 AM
Now that we know that FED will issue 4 Trillion $ out of the thin air, there is more room for speculations. I doubt that bitcoin will fly up to 300k$ anytime soon. Anyway there are more strong signals to go up. If Russia and Saudi Arabia don't come to an agreement over the oil prices, Russia will be out of the oil marked in a few months, as their production price is quite high compared to the Saudi Arabian. The next in the list will be US, with the quite high shale oil extraction costs. If this happens the US$ stability will collapse and things will get worse. Then maybe we have a chance to see bitcoin around the suggested price range.
March 22, 2020, 09:50:21 AM
Even governments try to seize everything people have, not enough people would go to bitcoin to keep it safe from the government.
For two simple reasons, one the people who know about bitcoin already know about it, even if all of them go back all-in the amount of money required to make bitcoin 300k+ is insane and that would require like all wall street banks to go there, individuals can't combine worth that much. And the second one which is even more important, governments have your KYC on the exchanges you work, you can buy some while undetected but if you buy too much they will know and they will want to seize that as well, you are not hidden anymore, billions of dollars going into bitcoin will be known, you can't do it by cash or any other way hidden anymore.
For two simple reasons, one the people who know about bitcoin already know about it, even if all of them go back all-in the amount of money required to make bitcoin 300k+ is insane and that would require like all wall street banks to go there, individuals can't combine worth that much. And the second one which is even more important, governments have your KYC on the exchanges you work, you can buy some while undetected but if you buy too much they will know and they will want to seize that as well, you are not hidden anymore, billions of dollars going into bitcoin will be known, you can't do it by cash or any other way hidden anymore.
March 22, 2020, 02:54:18 AM
Normally governments just print out money out of thin air and that is how they get out of this. Just to give an example in 2008 there was 800 billion printed and given to banks but banks managed to pay back 750 billion of it back already, it was still a horrible move, why?
Because, banks got it in 2008 and took 12 years to not even fully pay it back, sure it meant they didn't get totally bankrupted and destroy the economy but government could have simply paid those banks for ownership and allowed the public to pay less tax after that. Just use tax payers money like an investment and make more money thanks to banks and with that income allow people to pay less tax. In any case, governments do not nationalize everything that easily, it takes a long for that to happen.
Because, banks got it in 2008 and took 12 years to not even fully pay it back, sure it meant they didn't get totally bankrupted and destroy the economy but government could have simply paid those banks for ownership and allowed the public to pay less tax after that. Just use tax payers money like an investment and make more money thanks to banks and with that income allow people to pay less tax. In any case, governments do not nationalize everything that easily, it takes a long for that to happen.
March 21, 2020, 10:07:43 PM
I expect a run on the bank at some point.
The market will eventually digest the only financial network that operates and can operate internationally, nationally and individually outside of government is BTC.
The market will eventually digest the only financial network that operates and can operate internationally, nationally and individually outside of government is BTC.
I'm not sure if BTC is outside of government, or at least, of the financial system built around the government. Remember that nation-states are operating together in this "pandemic crisis".
If there is still some chance BTC can be outside of the fiat system (lets say, in the case the exchanges gang together and build a cartel, thus preventing the liquidations through circuit breakers), then we can see a bank run making its price go up.
Otherwise, governments will just liquidate their BTC through the derivatives markets, and print more fiat money to rebuy it lower. They can do this indefinitely, with the bless from the bishops of the hodlers cult, until bitcoin dies in 2028 at the price of $0.85.
In any case, totalitarianism is the end result of the coronacircus: https://off-guardian.org/2020/03/21/coronavirus-crackdown-beware-the-new-normal/
March 21, 2020, 10:04:33 PM
This money printing won't have an effect overnight, however overtime you will notice things will just keep getting more and more expensive while your wages barely go up. The best measure for this is called the "Burrito index" which is the average price to buy a burrito per year. Its a good gauge because it accounts for rent, actual food ingredients, employee pay, etc. And from what I recall since 2000 or so, the real inflation went up almost 200% or so. Since the 2008 crisis it probably went up by 100%.
And most likely in the year 2030, it will be no different, a $1 dollar burrito which cost $1 in 2000 cost $4 in 2020 and will most likely cost $8 sometime in the next decade, and your wages won't either. Hence since BTC is not inflationary currency, its value will increase over-time, or at least it should.
And most likely in the year 2030, it will be no different, a $1 dollar burrito which cost $1 in 2000 cost $4 in 2020 and will most likely cost $8 sometime in the next decade, and your wages won't either. Hence since BTC is not inflationary currency, its value will increase over-time, or at least it should.
March 21, 2020, 09:52:49 PM
Crock of shit.
Why do they need to seize anything? They're magicking up all the money they need. Almost every large business in the world will wind up in their pocket too. The last thing they need is a dribble of personal gold and worthless stocks.
Why do they need to seize anything? They're magicking up all the money they need. Almost every large business in the world will wind up in their pocket too. The last thing they need is a dribble of personal gold and worthless stocks.
Look your right, they can just print money, and do. However, to accumulate more buying power in the market they either have to print and give to themselves, which does not help the stock market so maybe to some extent they have to give it out and also semi UBI.
On the other hand, extra "levies", "disaster taxes" etc will be used to "seize" your money.
I expect a run on the bank at some point.
The market will eventually digest the only financial network that operates and can operate internationally, nationally and individually outside of government is BTC.
March 21, 2020, 07:14:13 AM
Crock of shit.
Why do they need to seize anything? They're magicking up all the money they need. Almost every large business in the world will wind up in their pocket too. The last thing they need is a dribble of personal gold and worthless stocks.
Why do they need to seize anything? They're magicking up all the money they need. Almost every large business in the world will wind up in their pocket too. The last thing they need is a dribble of personal gold and worthless stocks.
In a world dominated by fiat, you're right.
BTC holders are usually imagining a world where fiat collapses, and BTC and gold replace it. If that ever happens then the rationale behind FDR's gold ban could make sense again. https://en.wikipedia.org/wiki/Executive_Order_6102#Rationale
Pretty farfetched though. I'm not sure people would comply in this day and age. I don't know how effective the gold ban was in the 1930s either.
March 21, 2020, 06:20:01 AM
Crock of shit.
Why do they need to seize anything? They're magicking up all the money they need. Almost every large business in the world will wind up in their pocket too. The last thing they need is a dribble of personal gold and worthless stocks.
Why do they need to seize anything? They're magicking up all the money they need. Almost every large business in the world will wind up in their pocket too. The last thing they need is a dribble of personal gold and worthless stocks.
March 21, 2020, 04:03:20 AM
The fed announced a stimilus package to aid in recovering of Covid19 however keep in mind that you are going to be eventually paying this money back in the future due to inflation with the printing that they will do. Remember what happened in the last recession? and look how expensive things have gotten since. Many young families can't even afford their own home. This will only get worse as time goes on.
Yep, kicking the can down the road and sealing our fate of continued generational decline. That's what the people predicting apocalypse don't understand though: just how long the stimulus boom-bust cycle can maintain itself before finally collapsing under its own weight. Every stakeholder in the system has an immediate interest in stability right now, even if we're selling our children's future down the river.
So bitcoin is at a advantage here and especially with the halving coming up, however its a risk-on asset and people are selling if they own it for cash to buy basic needs. When the corona issue is solved then I would see it surging higher than $10K in the near future. However we need to put the uncertainties to rest first.
I agree there. If the global markets can mount a recovery like 1987, it bodes well for BTC. If not, some of those sub-$3,000 predictions become more realistic.
March 21, 2020, 01:47:43 AM
This is the same as other predictions. to be honest, this is also still a conspiracy, that the government always does this so that investment prices fall, and without realizing that this is a market strategy to increase stock in low quantities, and can be sold cheaply later. it's just that predictions like this are also often done by people out there. however, we say that the price of bitcoin can reach $ 50k, $ 100k, and so on. however, it is very difficult to determine the time
March 20, 2020, 11:41:58 PM
The fed announced a stimilus package to aid in recovering of Covid19 however keep in mind that you are going to be eventually paying this money back in the future due to inflation with the printing that they will do. Remember what happened in the last recession? and look how expensive things have gotten since. Many young families can't even afford their own home. This will only get worse as time goes on.
So bitcoin is at a advantage here and especially with the halving coming up, however its a risk-on asset and people are selling if they own it for cash to buy basic needs. When the corona issue is solved then I would see it surging higher than $10K in the near future. However we need to put the uncertainties to rest first.
So bitcoin is at a advantage here and especially with the halving coming up, however its a risk-on asset and people are selling if they own it for cash to buy basic needs. When the corona issue is solved then I would see it surging higher than $10K in the near future. However we need to put the uncertainties to rest first.
The vaccine for this current pandemic is already in ongoing trial. And with several companies that are involved in developing it, we might get this sooner than expected. So once that happens, I think people will be more optimistic with our current condition. Let's aim first for $10k, once we reached that level again, then maybe 15-20k. $300k is still too much and still very very far from our horizon.
Jump to: