There are a lot of sketchy bad actors in crypto but honestly CZ clearly didn't seem like one of them. In general everyone like Binance, The Binance Smart Chain, and the entire ecosystem that CZ was able to build out. Even with huge outflows of capital when FTX imploded Binance wasn't insolvent and was able to handle the outflows. Now they are sending him to Club Fed in a country he isn't from over the sale of some digital coins and we still haven't seen the Epstein client list, we continually see wars started up as a money laundering scheme, we just lived through the biggest money grab scam in human history with the scamdemic. There is no justice.
Sam Bankman-Fried was a legit scammer. Kraken, Binance, Gemini, Coinbase, Bittrex....etc aren't scams. If someone is trying to be a crypto entrepreneur it is very hard to know how you can raise capital and what can be done or said because they can come back years later and try to make an example out of you. It is very strange stuff and a very weird time in crypto.
Then the continual narrative keeps being the Bitcoin ETF approval and in a lot of ways things are really falling apart in various ways. Kraken just got sued again by the SEC, The DOJ seemed to pressure CZ into taking a plea deal and stepping down from being the CEO of Binance. Bittrex couldn't weather the lawsuit storm and is shutting down operations all together.
People wonder why Satoshi is Anonymous. Smh
#bitcoin #binance #dogecoin #cryptocurrencies #kraken #bittrex #icp #richardheart #hex
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Regardless of the fault of CZ, they are mainly about finding a loop hole to earn as much as possible without fucking people's money which is why Binance is not "hacked". Then dealing with US regulators is like wanting CZ to fit the right shape to the wrong hole.
In my opinion as well, the power of the halving event for BTC is the main force in driving the its price up regardless of the BTC ETF but I am not discounting the ETF's effect on the current run-up to an even greater heights of BTC value especially next year when two forces of BTC halving and the supposed BTC buying spree from big money.
I am hoping for breaking ATH's for almost all cryptos including my useless crypto bags.😆
Well you have been pretty active on these platforms so those stacks could really pop in this next boom.
Ha ha I think you made the best moves last bull run I bet Brian.
This is the only thing that I want to do in the crypto world because I enjoy it. But I am quite lazy wring more than ever so I bought some Methyl B12, etc. to support my brain health, nerves, and blood, etc. so I can write better.
Crypto - A liquidity to transfer wealth and supress the price of gold, leaving the bagholders penniless.
BTC will be the last crypto to implode (after, in my opinion, one more pump, pre 2024 elections)
Crypto has a future, but not the way it is working right now .
It has to be connected to the real world, (commodoities/gold, etc), and not a concept without any price discovery possible, except through supply and demand of itself...
POW, (work if tied to reality) - Can work
The rest ?
Digital feudalism.
....Parasitism by the the rentier mindset (wealth transfer up - again), who produce nothing, but enrich themselves through coded bureaucracies at the expense of merit.
It will be (is) shifting, and 99% of all crypto value maybe going to zero - it will be an example in the textbooks of history, of how not to things.
The market will stay buoyant as long as the dollar is kept afloat through QE.
The whole BTC industry came from 'the free' money injections of ZIRP.
Free money = poor decisions.
Post 2024 election time - it will be a repeat of WT7 - 'pull it !'
(if the world economy doesn't decide the value of the dollar, first - by further rejecting it).
Any thoughts on pax gold?
Timing the bailout is going to be tricky, i dont want to be holding the bag! NFTs have crashed but that was obvious.. Bitcoin could do a fake moon landing before it implodes and it would be fun to nail that one
as long as they keep pumping fake fiat into the system, btc will absorb some of it, imo - at least up until 2024 elections.
(unless, as I said, the world decides differently in regards to the USD).
(gld, as in physical, yes?...paper contracts will be worth shite and many will not honored - woohooo, more bag holders...)
As a store of value, yeah - I'll bet 5000 years of history and a market cap massively bigger than all of crptyo combined, against a 15 year old, non tangible concept, that was funded off nothing but free money...
It's not even as though blockchain, as a technology, was new or cutting edge ('created back in the mid 90's if memory serves).
...if I had the spare fiat sitting around doing noting, gold is where I'd be heading (silver to, even more so, perhaps).
pax gold is a crypto based on the gold value - not real bullion so why is that of interest?
lets's say you buy BTC for $30k & later find it's worth $150k - if you sell it the globalist scum puppet government want a big slice - but if you exchange it for a crypto that is valued in gold you disappear your $120k profit tax free - then if the US$ crashes your pax gold is then worth a very large number - does that mean anything, I don't know, it's sort of like a game of monopoly
I have real bullion too, but this is a different game
NZ now has a new coalition gov that is saying they will reverse everything the horsefaced tranny did. That seems good, but is this a new scam we haven't grasped yet? I am jaded...
lol, yeah....not gold, (not money), but 'monopoly money'.
It's al a scam to transfer wealth - the close it gets to collapse, the more 'too good to be true' offers will be there to help you, very nicely, to transfer your wealth to those that created the game.
Tangibles (gold and real goods)...are the only thing that matters IF the SHTF scenario plays out. Or even if it's 'just' tough times.
Most retards don't now how to change a light bulb without looking online for instructions lol.
In the world of the internet blind, the one noggin' of common sense, is king.
Jaded is a good way to describe it, matey.
Sometimes I feel like going back to a base level of buying land preferably on a lake where you can survive from growing your own food, hunting, and fishing.
I don't know if it gets that bad but we can't actually live on crypto, gold, or silver if things completely implode.
It would suck to be lead through the scamdemic by a horsefaced tranny. Maybe various nations have seen things have gone too woke and Argentina will lead us into a return to the normal and cut off a lot of the inflation their central bank has created. It will be an interesting experiment.
Yes… I am buying land. Where it’s still cheap to buy land. Not Splinterlands land… real land where I can hunt and fish for my food.
I find PAX Gold interesting but I just don't think it is going to be the winner this time around if things fall hard. I don't know how much longer the current system can be papered over. I personally just feel like buying gold will be like buying Oil from whale blubber in 1910 after crude oil had already been determined to be more efficient.
The core of the value of crypto is energy cost and computing power and then the network effect and an ingeniously designed incentive structure. The game is too perfect and is just a new iteration of every other commodity acquisition proposition.
Crazy time for sure. Exchanges are not a good place to keep any crypto.
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I think i will stick with Blurt, Hive, Steemit and Dtube. I see that even WalletofSatoshi is being closed down in USA. We are running out of places to exchange and store crypto.
Dpos, then POS, the POW (btc) - the order of the final liquidity suck...imo
...it's just about timing...(2024 elections, if the delusional economy can hold that long with QE/bond manipulations)
You've been liquidating as you go along?...
(Well done, if so. You get it !).
Yeah …. I try to Buy a little on the dips…. Sell a little on the pumps. Not much. Just a little.
Curated by @ultravioletmag