Post by
GG20200 on Feb 24, 2021 1:31am
US gov't and US Federal Reserve trying to take down Bitcoin
They failed miserably trying to take down Bitcoin many times.. Bitcoin is not Gold and Silver
It's much easier to take down Gold and Silver with naked shorting of gazillion amount of gold and silver paper based on the futures action. If that method doesn't slow buyers from accumulating gold and silver .... the CME comes in and raised margins ... if still doesn't slow it down .. they will hike margins non-stop until the buyers gives up on buying gold and silver. If raising margins doesn't work, the criminals will change the rules of the game.
The problem with Bitcoin is that ... it doesn't really follows the bitcoin futures.
If you want to take down bitcoin.... you need to have tons of bitcoin in your wallet .... ready to dump in huge amount. The US gov't only have limited amount of bitcoin probably half a percent or 1/% ... they going to need help from other bankers to do the dirty jobs for them. BUT STILL WON'T WORK
The US gov't can come up with their own digital currency ... it won't make any difference .. it's still a fiat .... which they can print $2 trillion, $10 trillion, or even $100 trillion and cause hyperinflation in United States.
Government digital currencies cannot compete with Crypto especially BITCOIN... Bitcoin is limited to 21 million coin which is why the coin is so valuable and harder to manipulate its prices.
The world gov't already tried many times to banned Bitcoin in the past... Bitcoin still around at a much higher price than ever before and more and more institutions are adopting it . There's too many companies already adopted the Bitcoin system and too many retail buyers got involved already. The US gov't can no longer stop it .
Bitcoin is heading to $100,000 short term .... load up on Galaxy ( GLXY )
Comment by
B4UInvest on Feb 24, 2021 9:36am
Yes they don't believe in Bitcoin, but they do want taxes from it https://www.cnbc.com/2021/02/24/failure-to-report-crypto-on-tax-returns-can-lead-to-trouble-with-irs.html
Comment by
liljohnnyjoke on Feb 24, 2021 9:56am
Canada is considering a cryptocurrency just so they can get the taxes from transactions and earnings. And would go into your wallet and take what they felt you owed at any time.
Comment by
Cobalt on Feb 24, 2021 10:23am
Bitcoin would love governments having their cryto that they will nonstop keep adding zero too bring it on :)
Comment by
mrbb on Feb 25, 2021 1:51am
go ahead, make my day. if gov't create their own cryptocurrency, it only validate the beauty and utility of cryptocurrency, and would make btc even more valuable
Comment by
mrsly0 on Feb 26, 2021 8:11am
as long as there's still many many many places that will exchange your btc for fiat... a valid one... where do you go to exchange $100K, $500K or $2M of btc into fiat? good luck
Comment by
steve957 on Feb 26, 2021 8:29am
i dont know where you could cash your bit coin out?? must be some place i guess?? purpose built is buying bit coin every day so someone is getting cash i assume,,,I think this etf is good because its very liquid and seems to be tracking bit coin well enough, sucks that it started trading durring a correction, looks like its going to take a beating again today
Comment by
liljohnnyjoke on Feb 26, 2021 12:32pm
if you need a car or 2 you can cash out at Tesla
Comment by
B4UInvest on Feb 27, 2021 8:23am
https://www.youtube.com/watch?v=VN_c_hYWfKY
Comment by
mrbb on Feb 25, 2021 1:49am
canada can create it but i won't buy it LOL
Comment by
Cobalt on Feb 24, 2021 9:40am
so true and what is the gold market? was given both numbers 10 trillion and 20 trillion , Bitcoin sitting at 1 trillion and will take out the gold market value after that it goes after the 20 billion in negative bonds another 20 trillion. On the way to 30 trillion dyodd