Anyone into Cryto currency?

[n25an]

Re: Anyone into Cryto currency?

right now bitcoin is either poised to go above $30000 or its going to drop back down to $10000... either way... the altcoins are going to get a dramatic change in value in the next 30 days... atleast thats my impression... so if you are into the altcoin market... and can find anything thats pretty low value and you can risk it... meaning like lunch money time... then buy and hold... but only spend what you can afford to lose... because it could all go sideways... you are literally gambling...

[SalesServiceGuy]

Re: Anyone into Cryto currency?

right now bitcoin is either poised to go above $30000 or its going to drop back down to $10000... either way... the altcoins are going to get a dramatic change in value in the next 30 days... atleast thats my impression... so if you are into the altcoin market... and can find anything thats pretty low value and you can risk it... meaning like lunch money time... then buy and hold... but only spend what you can afford to lose... because it could all go sideways... you are literally gambling...

... you are certainly gambling but there is little chance that you will lose all of your money. Cryptos are now too well established in the world economy as an alternate currency. The old adage buy low and sell high certainly applies here.

[copiertec]

Re: Anyone into Cryto currency?

JBravo just did a piece on bitcoin and brought up some good points, I found #8 to be interesting as the IRS is now wanting to know how much crypto you own so you can be taxed on your earnings, I thought that was the whole allure to crypto? Avoiding Uncle Sam.

[n25an]

Re: Anyone into Cryto currency?

JBravo just did a piece on bitcoin and brought up some good points, I found #8 to be interesting as the IRS is now wanting to know how much crypto you own so you can be taxed on your earnings, I thought that was the whole allure to crypto? Avoiding Uncle Sam.

in the early days of crypto when being a crypto millionaire was a new thing... it was not unheard of for the irs to show up at your door for tax evasion... or to find you at a bitcoin meetup and have a chat with you... not that I am one of those guys... far from it... but I find prevention is better than cure so I have been paying my taxes from the very beginning...

this does not rule out the idea of a retroactive tax... its been done with silver... it could happen with crypto...
cryptos rise is within the ten years back tax collection window of the irs...
and if you think well thats an ex post facto law and is unconstitutional... lets just say the courts are slow and the taxman is fast...
and congress likes the tax man...

[allan]

Re: Anyone into Cryto currency?

in the early days of crypto when being a crypto millionaire was a new thing... it was not unheard of for the irs to show up at your door for tax evasion... or to find you at a bitcoin meetup and have a chat with you... not that I am one of those guys... far from it... but I find prevention is better than cure so I have been paying my taxes from the very beginning...

this does not rule out the idea of a retroactive taxes... its been done with silver... it could happen with crypto...
cryptos rise is within the ten years back tax collection window of the irs...
and if you think well thats an ex post facto law and is unconstitutional... lets just say the courts are slow and the taxman is fast...
and congress likes the tax man...

Crypto can undermine governments and that is a big plus for the globalist. Like South-Africa it would be imposible to pay back what the IMF and China pushed in for relief. We should be feeling the economic impact of the lockdown but money is pumped in to keep the business running and the wallets full. In fact it looks like there is more being spent by the public that this time last year. Still getting relief funding to make up a 3de of my salary since March. Been having record months these last 2 months printing higher volumes than ever. Something is not adding up.

So I think many governments are now powerless and must follow ever whim of the new order. Sure we will pay but not to your local government.

[n25an]

Re: Anyone into Cryto currency?

Crypto can undermine governments and that is a big plus for the globalist. Like South-Africa it would be imposible to pay back what the IMF and China pushed in for relief. We should be feeling the economic impact of the lockdown but money is pumped in to keep the business running and the wallets full. In fact it looks like there is more being spent by the public that this time last year. Still getting relief funding to make up a 3de of my salary since March. Been having record months these last 2 months printing higher volumes than ever. Something is not adding up.

So I think many governments are now powerless and must follow ever whim of the new order. Sure we will pay but not to your local government.

china and imf...
imf is usa said with other letters...
rock and hard place...
china... (you have a 50/50 shot of losing your shirt but you definitely have less and less say in what china does in your country... )
gives you loans... with two consequences...
1. backdoor clause... you can't pay them... they take over the property and bring in their millitary... its not an if its a when...
2. softpower grab... the lender can dictate policy in borrowers country...
imf... ( you have illusion of prosperity... but long term smaller pie for everybody...)
imf gives you loan and economic improvement plans...
1. to get the money you must get rid of all protective industry agreements and open economy to goods from other countries... as the imf dictates...
what does that mean... all native industries in borrower country die... because they have no protective tarrifs on imports... all imports are priced cheaper than local competition... and consumers only look for the better deal... in the short run consumer benefits... in the long run consumers have fewer jobs to provide income to keep buying imported goods... ok you say local industries don't die... they are bought out by foreign investment or get a hefty amount of foreign capital... can you say sweatshop... sweet in the mouth but bitter in the belly...

[n25an]

Re: Anyone into Cryto currency?

Crypto can undermine governments and that is a big plus for the globalist. Like South-Africa it would be imposible to pay back what the IMF and China pushed in for relief. We should be feeling the economic impact of the lockdown but money is pumped in to keep the business running and the wallets full. In fact it looks like there is more being spent by the public that this time last year. Still getting relief funding to make up a 3de of my salary since March. Been having record months these last 2 months printing higher volumes than ever. Something is not adding up.

So I think many governments are now powerless and must follow ever whim of the new order. Sure we will pay but not to your local government.

lets deal with the not adding up...
what happens if a country goes against the flow... well we know what happens... the leader gets defeated in next election at best...
at worst there is an invasion... at medium they are sanctioned... but if they go along... or rather the leaders go along... they become the judas goat and lead their sheep to the slaughter and the judas goast lives to feast for another day... while they plot their exit or try to ingratiate themself for the next deal...

the video below shows the psychology behind the judas goat...

[n25an]

Re: Anyone into Cryto currency?

bitcoin on a tear... price at $22000 plus...

[SalesServiceGuy]

Re: Anyone into Cryto currency?

bitcoin on a tear... price at $22000 plus...

Now at $23,000.00 as more Wall Street firms pile in.

Due to the world wide COVID-19 pandemic, many countries are forced to spend huge amounts of un-budgeted money to help their citizens and businesses.

Most countries are simply printing more cash to do this. A country's cash flow has always been linked to its physical gold reserves. The gold standard seems to be weakening.

Yields on gov't bonds are very low these days due to very low interest rates with almost no yields.

There is a lot of pent up demand for higher yielding assets and that money is flowing into Bitcoin. Expect a wave of new mutual funds focussed on Bitcoin. You can actually pre-purchase cryptocurrency insurance with each trade.

Buyer beware! Bitcoin, all cryptocurrencies and their trading systems are high priority targets for hackers and scammers.

Cyber criminals who frequent the dark web almost exclusively trade in Bitcoin.

[SalesServiceGuy]

Re: Anyone into Cryto currency?

... another new term to consider is "shadow currency". Because nation states are printing paper currency as fast as they can to stimulate their economies, at close to zero interest rates, at some point in time paper currency loses value.

A shadow currency is not tied gov't treasury notes. Physical assets like gold, silver and now crypto currencies will always retain their value when an economy crashes.

It is a dangerous game to take out high $ loans like a house mortgage at close to 0% interest rates when you can barely afford the payment and hope that interest rates will never rise.

[copiertec]

Re: Anyone into Cryto currency?

... another new term to consider is "shadow currency". Because nation states are printing paper currency as fast as they can to stimulate their economies, at close to zero interest rates, at some point in time paper currency loses value.

A shadow currency is not tied gov't treasury notes. Physical assets like gold, silver and now crypto currencies will always retain their value when an economy crashes.

It is a dangerous game to take out high $ loans like a house mortgage at close to 0% interest rates when you can barely afford the payment and hope that interest rates will never rise.

Interesting times for sure.

[SalesServiceGuy]

Re: Anyone into Cryto currency?

Why Anthony Scaramucci is betting on crypto: 'Bitcoin is in its early innings'

Why Anthony Scaramucci is betting on crypto: 'Bitcoin is in its early innings' - YouTube


... there is going tobe a wave of institutional capital move into Bitcoin in the first quarter of 2021.

... SkyBridge Capital has invested $25M of it's own capital to create an investment fund ($50,000.00 min) to make investing in Bitcoin accessible to wealthy retail investors.

... returns of 2X-3X are possible from this record high level.

... many investors see Bitcoin as a store of value

[slimslob]

Re: Anyone into Cryto currency?

... SkyBridge Capital has invested $25M of it's own capital to create an investment fund ($50,000.00 min) to make investing in Bitcoin accessible to wealthy retail investors.

Is there a typo there? Only $50,000.00 min out of $25M?

[SalesServiceGuy]

Re: Anyone into Cryto currency?

Is there a typo there? Only $50,000.00 min out of $25M?

Minimum opening investment starting Jan 04 2021 is $50,000.00 USD.

SkyBridge Capital, New York invested $25M of their own money and four months of their time to start the fund.

I expect this fund to be instantly over subscribed on Jan 04 as current clients of SkyBridge have first rights to invest. This is common practise with investment firms including the biggest names.

This fund will generate huge global interest within the investment media.

[copiertec]

Re: Anyone into Cryto currency?

Here is another good video that explains what is going on in our economy and some tidbits on crypto. Remember this is one persons opinion, but very good analysis current economic situation we are all in.