Listen to this guy...  explains it so well. And in my opinion just reinforces that all crypto is a scam, just like fiat but on a much grander scale....

 

....until it's not

 

 

You mean that something that has no intrinsic value might be  (GASP) a scam?

 

 

Until it's not!

 

 

Also, he assumes the rest of the world doesn't know any of this already. Most are way ahead of the US on this, including China.  So the US is not pulling the wool over anyone's eyes.

 

A lot of the recent run up in gold is due to imports into the US btw, and a lot of that is probably by the US gov't.  So it's not just other countries running up the price.  Trying to make this all about stablecoins is just another crypto bro fever swamp wet dream.

 

2 hours ago, Celsius said:

Listen to this guy...  explains it so well. And in my opinion just reinforces that all crypto is a scam, just like fiat but on a much grander scale....

 

....until it's not

 

 

Guess you have never actually watched one of his videos before. The guy was a magician before he even touched YouTube, which should clue you in that his main goal is to trick people. And he hasn't lived long enough to really have experienced anything but bull markets. He is a shill through and through. He owns a ton of crypto and has promoted multiple affiliate scams on his channel, not just once. His content is purely entertainment, if you so happen to find it entertaining at all. So do not fool yourself into thinking he actually knows what he is talking about because he constantly changes up his act depending on which way the wind is blowing.

4 hours ago, Celsius said:

Listen to this guy...  explains it so well. And in my opinion just reinforces that all crypto is a scam, just like fiat but on a much grander scale....

 

....until it's not

 

 

I always believe what Russia claims. 

The cryptocurrency subforum here is hardly used. The elderly dont need to be convinced its a scam, it doesnt hurt them only their heirs. Ill take the scam that has a finite supply over infinite paper money

23 minutes ago, angryguy said:

The cryptocurrency subforum here is hardly used. The elderly dont need to be convinced its a scam, it doesnt hurt them only their heirs. Ill take the scam that has a finite supply over infinite paper money

Only gold is safe from our governments!

4 minutes ago, BritManToo said:

Only gold is safe from our governments!

Well.....A long time ago, FDR seized the gold. 

 

Executive Order 6102

United States executive order signed by Franklin Roosevelt on 5 April 1933

Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt forbidding "the hoarding of gold coin, gold bullion, and gold certificates within the continental United States". The executive order was made under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Relief Act in March 1933. At the time and in the years that followed, this policy was highly controversial and faced criticism from those who asserted it was "completely immoral" and "a flagrant violation of the solemn promises made in the Gold Standard Act of 1900" and promises made to purchasers of Liberty and Victory Loans during World War I

6 minutes ago, BritManToo said:

Only gold is safe from our governments!

Someone like you who doesnt trust banks should look into bitcoin self custody. Dont keep it on an exchange. Governments cant do anything about it

19 minutes ago, angryguy said:

Someone like you who doesnt trust banks should look into bitcoin self custody. Dont keep it on an exchange. Governments cant do anything about it

 

What about when it's time to cash it? You need an exchange. And just like gold you can't eat bitcoin.

8 minutes ago, Celsius said:

 

What about when it's time to cash it? You need an exchange. And just like gold you can't eat bitcoin.

I did finally sell some with coinbase. Awful experience

6 hours ago, Celsius said:

Listen to this guy...  explains it so well. And in my opinion just reinforces that all crypto is a scam, just like fiat but on a much grander scale....

 

....until it's not

 

 

So, this actually means you don´t understand at all.

40 minutes ago, Celsius said:

 

What about when it's time to cash it? You need an exchange. And just like gold you can't eat bitcoin.

And that is the problem with both.

 

When we are finally forced into CBDCs or stablecoins, you can't sell gold or bitcoin

without the government knowing and asking questions (and taxing it).

2 minutes ago, FlorC said:

And that is the problem with both.

 

When we are finally forced into CBDCs or stablecoins, you can't sell gold or bitcoin

without the government knowing and asking questions (and taxing it).

If they wanted for people not to buy gold or bitcoin then maybe they should stop printing money. Thats the only reason it exists, a CBDC wont change that

1 minute ago, angryguy said:

If they wanted for people not to buy gold or bitcoin then maybe they should stop printing money. Thats the only reason it exists, a CBDC wont change that

It's more than that.

Inflation even without printing money eats away your money.

Just compare prices in the 70-ties to now.

Just now, FlorC said:

It's more than that.

Inflation even without printing money eats away your money.

Just compare prices in the 70-ties to now.

Yeah the 70s were when the US went off the gold standard and eventually bitcoin was created to fix this currently unsustainable school of economics we have today

54 minutes ago, angryguy said:

I did finally sell some with coinbase. Awful experience

Used COINS in Bangkok, buy and sell with no problems.

Buy when low, keep eye on it, sell when it has increased. Rinse and repeat.

1 hour ago, Celsius said:

 

What about when it's time to cash it? You need an exchange. And just like gold you can't eat bitcoin.

 

And when the dystopian future that all these doomsday preppers are waiting for happens, there won't be any electricity or internet or datacenters, so their bitcoins won't exist anywhere and even if they did, they would not be able to get at them.

12 minutes ago, shdmn said:

 

And when the dystopian future that all these doomsday preppers are waiting for happens, there won't be any electricity or internet or datacenters, so their bitcoins won't exist anywhere and even if they did, they would not be able to get at them.

Who said that doomsday preppers are the ones buying bitcoin? I think its just people that want to keep their purchasing power

The blockchain technology behind the crypto is very useful for verification and payment systems. The Bank of England and many UK banks are trialling a version of it.

https://www.businesswire.com/news/home/20230627582803/en/Quant-Technology-Used-in-Bank-of-Englands-CBDC-Project-Now-Available-to-Any-Business

 

I sometimes wonder if Satoshi Nakamoto, if he is indeed a real person, despite his good intentions, has potentially put us all under total control of governments with blockchain and CDBD technologies.

 

In my view, the lucky ones were the ones that made big fortunes in the early days of Bitcoin, and cashed out to enjoy their profits before governments and the tax man got their beady eyes on it.

 

 

There is crypto, and there is bitcoin. They are not the same.

1 hour ago, wimpy said:

There is crypto, and there is bitcoin. They are not the same.

Yes they are as they are both fool's gold scams.

15 hours ago, angryguy said:

The cryptocurrency subforum here is hardly used. The elderly dont need to be convinced its a scam, it doesnt hurt them only their heirs. Ill take the scam that has a finite supply over infinite paper money

The thing that many crypto enthusiasts do is they only watch positive crypto spins, pod casts, websites, glowing ads from coin base, xrp, and all the other related sites. It becomes a circular reinforcement.  They think they are seeing all and only good things with total disregard of any downsides.   Read the fine print or prospectus' and one might be a little more cautious and think a little more critically.  Very unregulated, very difficult to sue and recoup any malfeasance, 

 

  My best friend is absolutely engrossed in crypto things and heavily invested in it.  He spends hours each day on podcasts run by young guys in their 30s that speak like snake oil salesmen, extol the virtue of crypto, the huge upside.  I hope for him he can actually get his money out at some point and keep his profits and does not go all in as he has.

There is only one

13 hours ago, shdmn said:

 

And when the dystopian future that all these doomsday preppers are waiting for happens, there won't be any electricity or internet or datacenters, so their bitcoins won't exist anywhere and even if they did, they would not be able to get at them.

Doomsday preppers don't do Bitcoin.   They do gold or will engage in barter. 

49 minutes ago, gk10012001 said:

The thing that many crypto enthusiasts do is they only watch positive crypto spins, pod casts, websites, glowing ads from coin base, xrp, and all the other related sites. It becomes a circular reinforcement.  They think they are seeing all and only good things with total disregard of any downsides.   Read the fine print or prospectus' and one might be a little more cautious and think a little more critically.  Very unregulated, very difficult to sue and recoup any malfeasance, 

 

  My best friend is absolutely engrossed in crypto things and heavily invested in it.  He spends hours each day on podcasts run by young guys in their 30s that speak like snake oil salesmen, extol the virtue of crypto, the huge upside.  I hope for him he can actually get his money out at some point and keep his profits and does not go all in as he has.

Anyone that got themselves into bitcoin will be alot better off than those who didnt

15 hours ago, FlorC said:

And that is the problem with both.

 

When we are finally forced into CBDCs or stablecoins, you can't sell gold or bitcoin

without the government knowing and asking questions (and taxing it).

 

Doesn't thailand still have a tax free avenue right now to cash out btc ?

1 hour ago, angryguy said:

Anyone that got themselves into bitcoin will be alot better off than those who didnt

Possible that is true.  But it depends on how much and when they got into it.  If they jumped on the bandwagon when bit coin hit its high price, well, time will tell.  If some invested in some bitcoin through some of the not so good exchanges, Sam Bankman's freud firm comes to mind, well, those people could be out quite a bit as may many other people that had their monies stolen/hacked.  

8 hours ago, blaze master said:

 

Doesn't thailand still have a tax free avenue right now to cash out btc ?

I thought only temporary.

 

And that is only for Thailand.

I was talking more general like the euro (tax) states.

8 hours ago, blaze master said:

 

Doesn't thailand still have a tax free avenue right now to cash out btc ?

The wording on it is quite ambiguous. It seems to imply only the trading fees.