Many people got their positions liquidated today. This is what happens when you trade in futures. Don't trade in futures, especially not in crypto. Just use the exchange and acquire coins in your own private wallet.
But what are you touching? some worthless slip of paper... it's the same scam, medium doesn't matter. And if the medium matter to you, and you prefer physical, then you should use precious metals because those are market valued.
I've seen a few power, internet and server outages in cashless hell in my days, the modern day world is so dependent on digital stuff that you won't be able to pay with cash if the digital system goes down. Not to mention the huge risk, there's no verification in cash, you have no way to know if it's real or fake.
Plus that any day M$ could release a printer driver update, which would allow any fool trying to counterfeit cash through their home color printer will succeed, that's blocked today by most printers by design but could easily change with the flip of a switch.
Bitcoin and most other large coins are peer to peer, that's the most redundant design a digital system can have. It'd take a global permanent outage to eliminate it, and if that where to happen we'd have bigger issues to worry about anyway. Why would anyone need money, when there's no market? Should the society ever recover from a full collapse bartering will work just fine.
BTC had liquidity issues until the trust funds started trading on exchanges. Now it’s possible to control their value same as they do using paper silver
Which is all part of their plan, they create artificial volatility and gamble to enrich themselves. The real scam is and has always been fiat currency, and it's insane how everyone just accept to value stuff with real market value in fiat currency.
See this is how the world will lose, people are gonna panic because of the volatility, then sell everything they own of value. Bam, Klaus Schwabs dream comes true, you own nothing, you live in a pod, you eat bugs and so on.
If you got crypto and precious metals, hold hard onto it, and get more if you can. Crypto is compatible with Visa and Mastercard these days you won't even need a bank to buy stuff in regular stores, or to pay your bills, plus that more places start to accept crypto natively.
Once fiat collapses only precious metals and some cryptos will survive as money, real market valued money. Everyone who held fiat will be broke and miserable, with no other choice than accepting their carbon credit, which is basically just glorified Soviet style food stamps.
Look into the financial system of the Soviet union, that's their end goal, there's not gonna be any Fedcoin or central bank digital currency. All of those would require a capitalist foundation. The new world order is pure communist, money or currency is not for the people under communism. It's for the elite only, and they're gonna do fine with precious metals and crypto as store of value and to purchase stuff from each others on the free elite market.
Fedcoin can't exist without capitalism, it would have no chance to compete with crypto in today's free market world, and provide no benefit over traditional digital banking. I think in the future it's either crypto or some sort of glorified foodstamps, Soviet style. It'll be the end of capitalism basically and they're gonna make it really inconvenient to use, buy or hold crypto in the short term, might even be attempts to regulate it.
In fact I wouldn't be surprised if they used their regular technicalities to trick people into selling, so that as much people as possible fall down the black hole where fiat goes down, thereby forcing the majority into dependency through glorified digital food stamps, known as carbon credit. It's gonna be "for the environment" too.
Right. I think you have that backwards. Bitcoin NOW has liquidity issues, due to them controlling it with paper.
"Now it’s possible to control their value same as they do using paper silver"
Yes, it is now possible for the fiat banking system to exert their control over it due to futures. Where as before, the people had more control over it.
You would champion your own executioner's morning bowel movements wouldn't you?
You used to be able to buy it on Ebay. Saying it's more liquid now is just wrong on every level.
"It’s more liquid now due to derivatives whereas before the ledger restricted maximum pace of transactions."
That is not the original reason you claimed it to be more liquid. Too which, I would note added restrictions on block size nearly a decade ago artificially caused transaction price increases, and has nothing to do with actual liquidity.
"Who said I supported this?"
You did, when you artificially championed futures s as a milestone for liquidity.
" I’m simply explaining the mechanics."
No. You lied about the mechanisms to push a false narrative.
No what i said was they’re using the derivatives to control price just like they do silver. They’re able to do this because the blockchain is less liquid than the exchanges. That’s not a statement of support. You’re obviously motivated to try to twist my words. Makes me wonder why 🤔
Right. "The nu ugh, you are!" Deference. I did not see that coming. Remarkable in fact.
😐
I would go back and quote you in full, but you won't stop moving the goal posts so I won't.
At this point the only argument I will accept from you is a concession, and admittance of ignorance. As everything you have said here is just fumbling about seeking traction on loose ground.
Many people got their positions liquidated today. This is what happens when you trade in futures. Don't trade in futures, especially not in crypto. Just use the exchange and acquire coins in your own private wallet.
1 BTC= 1 BTC. Futures= gambling.
It's that simple.
But what are you touching? some worthless slip of paper... it's the same scam, medium doesn't matter. And if the medium matter to you, and you prefer physical, then you should use precious metals because those are market valued.
I've seen a few power, internet and server outages in cashless hell in my days, the modern day world is so dependent on digital stuff that you won't be able to pay with cash if the digital system goes down. Not to mention the huge risk, there's no verification in cash, you have no way to know if it's real or fake.
Plus that any day M$ could release a printer driver update, which would allow any fool trying to counterfeit cash through their home color printer will succeed, that's blocked today by most printers by design but could easily change with the flip of a switch.
Bitcoin and most other large coins are peer to peer, that's the most redundant design a digital system can have. It'd take a global permanent outage to eliminate it, and if that where to happen we'd have bigger issues to worry about anyway. Why would anyone need money, when there's no market? Should the society ever recover from a full collapse bartering will work just fine.
BTC had liquidity issues until the trust funds started trading on exchanges. Now it’s possible to control their value same as they do using paper silver
Which is all part of their plan, they create artificial volatility and gamble to enrich themselves. The real scam is and has always been fiat currency, and it's insane how everyone just accept to value stuff with real market value in fiat currency.
See this is how the world will lose, people are gonna panic because of the volatility, then sell everything they own of value. Bam, Klaus Schwabs dream comes true, you own nothing, you live in a pod, you eat bugs and so on.
If you got crypto and precious metals, hold hard onto it, and get more if you can. Crypto is compatible with Visa and Mastercard these days you won't even need a bank to buy stuff in regular stores, or to pay your bills, plus that more places start to accept crypto natively.
Once fiat collapses only precious metals and some cryptos will survive as money, real market valued money. Everyone who held fiat will be broke and miserable, with no other choice than accepting their carbon credit, which is basically just glorified Soviet style food stamps.
Look into the financial system of the Soviet union, that's their end goal, there's not gonna be any Fedcoin or central bank digital currency. All of those would require a capitalist foundation. The new world order is pure communist, money or currency is not for the people under communism. It's for the elite only, and they're gonna do fine with precious metals and crypto as store of value and to purchase stuff from each others on the free elite market.
I like crypto but i also think it’s likely they blew this out to illustrate need for regulated fed coin
Fedcoin can't exist without capitalism, it would have no chance to compete with crypto in today's free market world, and provide no benefit over traditional digital banking. I think in the future it's either crypto or some sort of glorified foodstamps, Soviet style. It'll be the end of capitalism basically and they're gonna make it really inconvenient to use, buy or hold crypto in the short term, might even be attempts to regulate it.
In fact I wouldn't be surprised if they used their regular technicalities to trick people into selling, so that as much people as possible fall down the black hole where fiat goes down, thereby forcing the majority into dependency through glorified digital food stamps, known as carbon credit. It's gonna be "for the environment" too.
Right. I think you have that backwards. Bitcoin NOW has liquidity issues, due to them controlling it with paper.
Yes, it is now possible for the fiat banking system to exert their control over it due to futures. Where as before, the people had more control over it.
You would champion your own executioner's morning bowel movements wouldn't you?
It’s more liquid now due to derivatives whereas before the ledger restricted maximum pace of transactions.
Who said I supported this? I’m simply explaining the mechanics.
You used to be able to buy it on Ebay. Saying it's more liquid now is just wrong on every level.
That is not the original reason you claimed it to be more liquid. Too which, I would note added restrictions on block size nearly a decade ago artificially caused transaction price increases, and has nothing to do with actual liquidity.
You did, when you artificially championed futures s as a milestone for liquidity.
No. You lied about the mechanisms to push a false narrative.
No what i said was they’re using the derivatives to control price just like they do silver. They’re able to do this because the blockchain is less liquid than the exchanges. That’s not a statement of support. You’re obviously motivated to try to twist my words. Makes me wonder why 🤔
Right. "The nu ugh, you are!" Deference. I did not see that coming. Remarkable in fact.
😐
I would go back and quote you in full, but you won't stop moving the goal posts so I won't.
At this point the only argument I will accept from you is a concession, and admittance of ignorance. As everything you have said here is just fumbling about seeking traction on loose ground.
Not my problem. I can’t cause people to learn.