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It's official, just in time for Christmas... web3
Crypto, which has also been rebranded as the less foreboding web3, may be no different from past speculative bubbles like subprime mortgages or the tulip craze of the 17th century, skeptics said. Much of the mania, they said, was being driven by a desire to get rich quick by trading an asset class that often seemed based on internet jokes.
2022 predictions:
https://www.youtube.com/watch?v=hXp32pWkwqI&source=patrick.net
Still believe bitcoin going to the moon this year?
Still believe bitcoin going to the moon this year?
Price will take care of itself; for anyone looking to stash a tiny net worth percentage into it long term they probably won't regret it.
CBDC is what people should be concerned about and this is some great news if it ever happens: https://decrypt.co/90301/tom-emmer-fed-reserve-digital-currency-cbdc?source=patrick.net
Bitcoin moved from its recent low of 33k to over 42k in a short amount of time. As always, the haters quickly got silenced. Usually, the haters come out in droves when Bitcoin corrects. As soon as it moves back up they all disappear.
Can you share where the haters come out and hate when Bitcoin corrects to $33k recently?
Can you share where the haters come out and hate when Bitcoin corrects to $33k recently?
$44,000 not too bad today, the guys who paid $64,000 are starting to relax 😉💰
clambo says$44,000 not too bad today, the guys who paid $64,000 are starting to relax 😉💰
Not sure, maybe. I bought at 15k and feel happy since :) I might take some profits at 150k.
$44,000 not too bad today, the guys who paid $64,000 are starting to relax 😉💰
If you want to know what drives the value of crypto long term, look at the percentage of the population that owns it.
The idea of crypto is good and solid, imho, but the difficulty is in exchanging crypto for currency and real world goods. That's its weak point.
Patrick saysThat's going to be a problem. Crypto is not a threat to IRS as long as it changes hands within the perimeter and only within the perimeter. But if there's a path through which it escapes while keeping owner's identity anonymous, then I suspect that there will be all kinds of efforts coming from the very top to make that stop. Little things such as pizzas don't matter, but bigger ticket items do. I suspect that this was the real reason why Musk stopped selling cars for bitcoins.The idea of crypto is good and solid, imho, but the difficulty is in exchanging crypto for currency and real world goods. That's its weak point.
The thing here is that it's not a finished good yet. In our current system of things, there'll need to be a bunch of intermediary companies, swapping crypto for gold, silver, or cash (USD, EUR, GBP) and then, alternate companies which can provide end user services, without needing the middle man of a bank.
And thus, just like with VPN, ppl won't know the identity of the end user and be able to put a political hit on him.
That's its weak point.
Russian Central Bank Chief Says Alternative to SWIFT Already in Place
Yeah, it's been around for quite a while. It's called a telephone. No I am not joking. It just means more phone calls.It is a messaging system but not likely by way of voice to voice.
It is a messaging system but not likely by way of voice to voice.
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Remember when the haters told us: Bitcoin will go to zero? Bitcoin will go back down to 1.2k?
https://www.cnn.com/2021/10/06/investing/bitcoin-price-george-soros/index.html
"Bitcoin soars past $55,000 on George Soros fund endorsement"
The mid-cycle correction had the bears/BTC haters belief its all over for the bull market. LOL, once agaaaain Bitcoin slapped the haters left and right.