"Bitcoin Will Go To A Million Dollars"
- Thread starter dnb21
- Start date
setting up a tulip bulb to bitcoin exchange... for all us tulip bulb holders who stayed the course long enough to finally tell all the haters to go fuck themselves.
If he has a lot of money invested into bitcoin, he wants to make everyone buy it so his own investment is worth more. Not saying he's planning a pump-and-dump but everyone on this forum holding a significant chunk of coin wants people to buy it so the price increases regardless of whether they actually support the ideology or not.
IMO Coinbase is the safest and most user-friendly. When you buy/sell it basically gives you the "at market" price by averaging all the outstanding buy/sell orders and giving you a nice single figure of what you're paying/getting per coin. At least this is how I understand it. I've also used BTC-E but it's virtually impossible to get fiat into your account so you still need to use Coinbase to turn USD into BTC and then transfer it to BTC-E anyway. The downside of Coinbase is you can only buy 50 coin per day so if there's a huge fluctuation you can get caught behind.
Apply that to everyone you know, who has ever said anything. Then start defending their claims on that basis.
Being impartial does not make someone knowledgeable. It's a fake claim people will make sometimes, which has zero merit.
Nothing personal against you... but you said it, so I responded to it.
I say a lot of things, where I have no economic, personal, or philosophical interest in doing so. None of those would make my claim more true.
... the most manipulated currency in modern times, one that has zero ties to anything except the US dollar save for random political repricings, the weakening agent of a failing communist regime, the propaganda tool of the modern monetary age, and that's your base? of course it is.
hail the renminbi.
He's a great marketer. He got you to share that video, and get people listening to and talking about him.
Really good marketing gets your clients to market for you. A positive viral co-efficient.
All of the libertarian thought leaders are experts at selling shit except Stefan Molyneux and Marc Stevens. Stefan would like to be good at it, but he's trapped in a bad business model. Marc is just not very good at marketing period.
Perfect gif reaction
lukep i don't even know what to say about that statement except wat
The Mexican peso has more daily trade than the yuan.... You should probably do some research on fx markets if you think you can just freely trade yuan the same way you would trade the USD.
And the Renminbi is valued by a managed floating exchange rate with a base rate determined by a basket consisting mostly of the currencies LukeP mentioned, "certainly will be [collapsing]." Unless the PBOC exponentially increased the trading band almost instantaneously, the Yuan would directly follow those currencies into oblivion. Either scenario would most likely result in the Yuan collapsing, but what the hell we shouldn't concern ourselves with facts, right?
lol if you want to think jeff had ulterior motives for making the vid than go ahead. he keeps his ear close to all of this kind of shit and I value his opinion regardless. jeff berwick doesn't have the influence to jump the bitcoin price up as high as he is saying it will go. Maybe a small spike which I doubt he would care that much about. Also bitcoins and galts gult chile are only vaguely related but if you think he's trying to upsell his services, you can believe w/e you want.
I have a questions though, lukep. will it be possible to sell those bitcoins when they are so high in value compared to other currencies? how long do you expect to be able to buy bitcoins around under 1000 before it starts shooting up like crazy and do you see any drops coming before that happens? which currency to sell out into? recommendations for an offshore bank? ech hate to ask this but whats your residency and citizenship situation like? sorry for all the questions, obviously ur not obligated to answer them and of course ill look into these on my own but i have to ask. goddamn do i wish i could go back in time when they were 25 cents each. that must've been the easiest way to become a millionaire ever lol
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I have a questions though, lukep. will it be possible to sell those bitcoins when they are so high in value compared to other currencies? how long do you expect to be able to buy bitcoins around under 1000 before it starts shooting up like crazy and do you see any drops coming before that happens? which currency to sell out into? recommendations for an offshore bank? ech hate to ask this but whats your residency and citizenship situation like? sorry for all the questions, obviously ur not obligated to answer them and of course ill look into these on my own but i have to ask. goddamn do i wish i could go back in time when they were 25 cents each. that must've been the easiest way to become a millionaire ever lol
This Pizza Cost $750,000 | Motherboard
Fact? Careful now. There have been rumors of the Chinese moving to a gold-backed Yuan, but nothing has happened to that end. Central banks are always buying and selling huge amounts of gold, that's nothing new. As it stands the Yuan's value and fate are tied to USD, Euro and Yen. Any major change in that regard would create extreme volatility in global financial markets and present tremendous risk particularly for the Chinese economy.
I lol'd when i read that. Bitcoin IS the currency that he's selling out his other currencies in favor of. If you actually believe that bitcoin will hit a million dollars then you must also believe that most fiat currencies will practically become obsolete, which means "cashing out" is counter-intuitive.
I highly doubt it'll hit a million, that's just absurd. But hey, here's to hoping, because back when it was worth a tenth of a penny I'm sure everyone would've laughed at it one day being worth $300 too.
Everything you just listed was 100% inconsequential to it's survival. Completely non-related.
There really are two things that matter to a fiat currency's survival in this world:
1. How big the military is backing it.
2. How much Debt that country is in.
#1 usually trumps all, excepting only when #2 REALLY gets bad.
The debt is really getting bad, bros. For all 3 big currencies in fact, the USD, the Euro, and the Yen, they are all in epically shitty shape! All 3 Printing at record levels while their economies wither. All 3 Printing just to pay off the interest on their debt, never the debt itself. All three doing advanced Keynesian borrowing tactics that tempt fate daily. ALL THREE OWNING A LARGE CHUNK OF EACH OTHERS' DEBT, TOO. Shit's going to be bad bros. Really, really bad.
The Yuan will simply be the biggest currency left when these 3 fall. That's the reason it's smart to base Bitcoin's price in it; IT'LL STILL EXIST to keep comparing it to bitcoin for much longer.
Do you honestly think that the PBOC will keep the Yuan linked to that basket once hyperinflation starts up in earnest between them? Bullshit. They'll simply declare that they've uncoupled it, and the Yuan is now worth a Yuan, which is the world's strongest currency because they have the world's strongest economy at that point.
So that means by the end of it all, Bitcoin will be a $21 trillion dollar economy?
LOL. Fucken eh, I'll save my Bitcoins and go buy some countries and militaries later on. Or maybe we can pool our resources, and buy China together. Or better yet, India... their GDP was only $1.8 trillion last year, so we should be able to buy them no problem.
We'll give them some computer hashes, and in exchange, we get an entire country, its resources, and military. That will be fun.
LOL. Fucken eh, I'll save my Bitcoins and go buy some countries and militaries later on. Or maybe we can pool our resources, and buy China together. Or better yet, India... their GDP was only $1.8 trillion last year, so we should be able to buy them no problem.
We'll give them some computer hashes, and in exchange, we get an entire country, its resources, and military. That will be fun.