Bitcoin, Cryptocurrency, and the Future of Global Finance

[Velo Vol]

I am totally shocked all these nations are considering dumping the dollar considering how much it has devalued in the past 6 months.

Are you selling your dollars and buying rubles?

 

[reecetn]

Are you selling your dollars and buying rubles?

LOL

No

 

[n_huffhines]

Nothing will replace the dollar until multiple countries get together and agree on a government(s) backed digital currency that they can control .

Why do you think this when they can't control the dollar? Why would the replacement have to meet this requirement when the status quo doesn't?

 

[Velo Vol]

This traditional finance guy gives good perspective on the crypto market right now

Bankless - 70 - Facing the Frontier | Jim Bianco on Stitcher

Another point he could have made regarding current banks: why does it still take a couple days for them to clear transactions?

 

[VolStrom]

I hope all of these "non retail" guys don't hurt with their swagger and arrogance.

 

[reecetn]

I hope all of these "non retail" guys don't hurt with their swagger and arrogance.

[YOUTUBE]

 

[Franklin Pierce]

Bitcoin sinks below $30,000 for the first time since January after forming dreaded 'death cross' amid Regulatory Fears as Jim Cramer says he has Sold 'almost all' his cryptocurrency

Bitcoin on Tuesday briefly fell below $30,000 for the first time since January, adding to losses a day before when the cryptocurrency formed a dreaded 'death cross' as China expands its crackdown on cryptocurrency mining.

The world's largest cryptocurrency slumped as low as $28,814 on Tuesday, a 7 percent loss on the day that dragged down smaller coins such as Ether and Dogecoin, before paring some losses.

Bitcoin tumbled over 10 percent on Monday, its largest one-day drop in over a month, with losses of nearly 30 percent in the last week alone almost wiping out gains for the year.

Meanwhile, CNBC host Jim Cramer announced that he had sold 'nearly all' of his Bitcoin, citing the China crackdown and fears of greater U.S. regulation.

CNBC host Jim Cramer announced Tuesday that he had sold 'nearly all' of his Bitcoin, citing the China crackdown and fears of greater U.S. regulation

'I'm saying that this is not going up because of structural reasons,' said Cramer, citing China's crackdown on miners and fears that Bitcoin's use by ransomware extortionists would lead to backlash in the U.S.

'When [China] goes after something, they tend to have their way. ... It's not a democracy. It's a dictatorship,' Cramer said.

He added: 'I think that they believe it's a direct threat to the regime because what it is, is a system that's outside their control.'

Meanwhile Dogecoin, the joke cryptocurrency touted by Elon Musk, was down some 75 percent since its peak just before Musk appeared on Saturday Night Live in May.

Bitcoin sinks below $30,000 for the first time since January | Daily Mail Online

 

[Velo Vol]

Bitcoin sinks below $30,000 for the first time since January | Daily Mail Online

DM had an article just to print what Jim Cramer said?

 

[0nelilreb]

Why do you think this when they can't control the dollar? Why would the replacement have to meet this requirement when the status quo doesn't?

I would answer this but I’m so stunned by the fact that you unblocked me long enough to ask me a question .. I think I’ll keep you in suspense .

 

[0nelilreb]

LOL

I am totally shocked all these nations are considering dumping the dollar considering how much it has devalued in the past 6 months.

It’s never been about value vs devalue , and it won’t be when the world goes under one currency.

 

[reecetn]

It’s never been about value vs devalue , and it won’t be when the world goes under one currency.

LOL yea inflation and deflation is one of the reasons this is happening.

Are you sure the world is going under one currency? Each Nation will have a CBDC under its control.

 

[Rasputin_Vol]

Bitcoin sinks below $30,000 for the first time since January after forming dreaded 'death cross' amid Regulatory Fears as Jim Cramer says he has Sold 'almost all' his cryptocurrency

Bitcoin on Tuesday briefly fell below $30,000 for the first time since January, adding to losses a day before when the cryptocurrency formed a dreaded 'death cross' as China expands its crackdown on cryptocurrency mining.

The world's largest cryptocurrency slumped as low as $28,814 on Tuesday, a 7 percent loss on the day that dragged down smaller coins such as Ether and Dogecoin, before paring some losses.

Bitcoin tumbled over 10 percent on Monday, its largest one-day drop in over a month, with losses of nearly 30 percent in the last week alone almost wiping out gains for the year.

Meanwhile, CNBC host Jim Cramer announced that he had sold 'nearly all' of his Bitcoin, citing the China crackdown and fears of greater U.S. regulation.

CNBC host Jim Cramer announced Tuesday that he had sold 'nearly all' of his Bitcoin, citing the China crackdown and fears of greater U.S. regulation

'I'm saying that this is not going up because of structural reasons,' said Cramer, citing China's crackdown on miners and fears that Bitcoin's use by ransomware extortionists would lead to backlash in the U.S.

'When [China] goes after something, they tend to have their way. ... It's not a democracy. It's a dictatorship,' Cramer said.

He added: 'I think that they believe it's a direct threat to the regime because what it is, is a system that's outside their control.'

Meanwhile Dogecoin, the joke cryptocurrency touted by Elon Musk, was down some 75 percent since its peak just before Musk appeared on Saturday Night Live in May.

Bitcoin sinks below $30,000 for the first time since January | Daily Mail Online

That means that there must be a crypto bull market coming soon. Cramer is terrible.

 

[theFallGuy]

Bitcoin sinks below $30,000 for the first time since January after forming dreaded 'death cross' amid Regulatory Fears as Jim Cramer says he has Sold 'almost all' his cryptocurrency

Bitcoin on Tuesday briefly fell below $30,000 for the first time since January, adding to losses a day before when the cryptocurrency formed a dreaded 'death cross' as China expands its crackdown on cryptocurrency mining.

The world's largest cryptocurrency slumped as low as $28,814 on Tuesday, a 7 percent loss on the day that dragged down smaller coins such as Ether and Dogecoin, before paring some losses.

Bitcoin tumbled over 10 percent on Monday, its largest one-day drop in over a month, with losses of nearly 30 percent in the last week alone almost wiping out gains for the year.

Meanwhile, CNBC host Jim Cramer announced that he had sold 'nearly all' of his Bitcoin, citing the China crackdown and fears of greater U.S. regulation.

CNBC host Jim Cramer announced Tuesday that he had sold 'nearly all' of his Bitcoin, citing the China crackdown and fears of greater U.S. regulation

'I'm saying that this is not going up because of structural reasons,' said Cramer, citing China's crackdown on miners and fears that Bitcoin's use by ransomware extortionists would lead to backlash in the U.S.

'When [China] goes after something, they tend to have their way. ... It's not a democracy. It's a dictatorship,' Cramer said.

He added: 'I think that they believe it's a direct threat to the regime because what it is, is a system that's outside their control.'

Meanwhile Dogecoin, the joke cryptocurrency touted by Elon Musk, was down some 75 percent since its peak just before Musk appeared on Saturday Night Live in May.

Bitcoin sinks below $30,000 for the first time since January | Daily Mail Online

Cramer is a moron and he manipulates stuff to his advantage because of his reach

 

[n_huffhines]

DM had an article just to print what Jim Cramer said?

Bitcoin articles get so many eyeballs.

It's like they were saying on the pod with Jim Bianco. The media doesn't want to know anything about the fundamentals of crypto, they just want a soundbite about whether it's going up or going down.

 

[0nelilreb]

LOL yea inflation and deflation is one of the reasons this is happening.

Are you sure the world is going under one currency? Each Nation will have a CBDC under its control.

Aren’t we already there ? I mean how many physical dollars ( in our case ) do you carry around with you everyday ? Stand back I’m going to blind you with some some facts and my shiny “tinfoil hat “... how much physical paper money do you think banks have on hand at any one time ? We are already under the digital currency. You ever try to conduct a transaction at a store and for whatever reason your card or there machine isn’t working ? You no that small , tiny little panic followed by damnit , I’m screwed because I don’t carry cash on me voice that goes off on your head ? Now imagine what will happen if either the East or west coast power grids go down . When we crawl out from the chaos , do you think it will be because of some paper money that the government controls the value of or will it be some new “ better form of currency “ that the major players agree would be more equal and fair for everyone ? I know I know , the tinfoil hat is way too bright ,right ? Let it sink in just how close everyday we are to a full blown national currency emergency, every time you swipe your card to pay for products that you don’t have the physical assets to back . The only thing between being prosperous, with advantages and being poor without them is where the decimal point is placed . So yes to answer your question, I can very easily see every major country with any power going under one currency. I can’t wait for all the replies to this one .

 

[reecetn]

Aren’t we already there ? I mean how many physical dollars ( in our case ) do you carry around with you everyday ? Stand back I’m going to blind you with some some facts and my shiny “tinfoil hat “... how much physical paper money do you think banks have on hand at any one time ? We are already under the digital currency. You ever try to conduct a transaction at a store and for whatever reason your card or there machine isn’t working ? You no that small , tiny little panic followed by damnit , I’m screwed because I don’t carry cash on me voice that goes off on your head ? Now imagine what will happen if either the East or west coast power grids go down . When we crawl out from the chaos , do you think it will be because of some paper money that the government controls the value of or will it be some new “ better form of currency “ that the major players agree would be more equal and fair for everyone ? I know I know , the tinfoil hat is way too bright ,right ? Let it sink in just how close everyday we are to a full blown national currency emergency, every time you swipe your card to pay for products that you don’t have the physical assets to back . The only thing between being prosperous, with advantages and being poor without them is where the decimal point is placed . So yes to answer your question, I can very easily see every major country with any power going under one currency. I can’t wait for all the replies to this one .

I won't bother to try to regurgitate facts just see here for yourself. The train has left the station, don't be that last horse that crosses the finish line.

LOL you do have blinding power, but the source is not from facts.

 

[0nelilreb]

I won't bother to try to regurgitate facts just see here for yourself. The train has left the station, don't be that last horse that crosses the finish line.

LOL you do have blinding power, but the source is not from facts.

I really don’t have blinding power at all , just common sense that anyone see if they step back out of the grind for a second and look at .

 

[allvol123]

I won't bother to try to regurgitate facts just see here for yourself. The train has left the station, don't be that last horse that crosses the finish line.

LOL you do have blinding power, but the source is not from facts.

Lol

 

[VolStrom]

I won't bother to try to regurgitate facts just see here for yourself. The train has left the station, don't be that last horse that crosses the finish line.

LOL you do have blinding power, but the source is not from facts.

I know you think I'm an idiot about finances, but you're chasing a Unicorn with these "digital" currencies. Hopefully you don't have too much money invested in them.

 

[n_huffhines]

I know you think I'm an idiot about finances, but you're chasing a Unicorn with these "digital" currencies. Hopefully you don't have too much money invested in them.

Why is "digital" in quotes?

Most crypto is not just a "currency", which is probably the word you should have in quotes.

 

[reecetn]

I know you think I'm an idiot about finances, but you're chasing a Unicorn with these "digital" currencies. Hopefully you don't have too much money invested in them.

I do not have nearly as much into it as the Bank of International settlements does.

 

[reecetn]

I really don’t have blinding power at all , just common sense that anyone see if they step back out of the grind for a second and look at .

I am looking forward to the end of this sequence of events.

 

[VolStrom]

Why is "digital" in quotes?

Most crypto is not just a "currency", which is probably the word you should have in quotes.

You seem to have bought in, hook, line and sinker. I remember when the dot coms of all sorts were in fashion 20+ years ago when they had no intrinsic value other than 3 guys in a basement writing code. To me I want to see something worth investing money in. When they have no assets, no holdings, no income and are essentially a vaporware product, they hold no value.

 

[allvol123]

I am looking forward to the end of this sequence of events.

Have you put the majority of your cash into this?

 

[reecetn]

Have you put the majority of your cash into this?

No