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Unregistered Posted 11/25/2021 8:31 pm
is the house I own bullshit? The cars? The assets I put into stocks?
Unregistered Posted 11/25/2021 8:34 pm
Any key details to share? Unregistered Posted 11/25/2021 8:55 pm
you have to be able to take a profit, to have a profit. you can't cash out into anything, except digital services... webhosting, computer crime and financing foreign or domestic terrorism. this is the reason the government hasn't quashed it. it has no liquidity. Unregistered Posted 11/25/2021 8:56 pm
I go on an exchange like Coinbase and i sell it for cash. Unregistered Posted 11/25/2021 9:00 pm
when people start pulling ahead in Crypto, the first thing they think about is how to convert it to dollars. Unregistered Posted 11/25/2021 9:04 pm
And they can change a few million dollars without a problem of course. Unregistered Posted 11/25/2021 9:10 pm
I like to compare the crypto and fine art markets. Both seem to be billionaire laundromats.
Unregistered Posted 11/25/2021 9:13 pm
This reminds me of Liberty Dollars.
https://en.wikipedia.org/wiki/Liberty_dollar_(private_currency) If you understand how hard the feds dropped the hammer on this guy, and then look at the hands off approach to crypto, you should come to the easy conclusion that crypto is a clandestine criminal operation run by the US government to traffic drugs, weapons, and fund terrorists with less oversight. Unregistered Posted 11/25/2021 9:17 pm
Nigga, yes. :lol: Unregistered Posted 11/25/2021 9:17 pm
When the fed finally stops pumping and the markets reverse, we will see lots of margin calls and bankruptcies. This is when the Tether scam will finally be made clear and the whole crypto sphere implodes. It will be an epic lesson in human folly.
Unregistered Posted 11/25/2021 9:18 pm
Nothing backs up crypto except thin air & a hatred of the Federal Reserve.
Unregistered Posted 11/25/2021 9:30 pm
Basically the criminals have realized markets without Federal controls and are manipulating them to their pleasures. The stock market is supposedly more heavily managed, although it is poised to crash as well. In other words the Deep State Elite are controlling all liquidities, as always, and will crash them if and when everything else fails to get them what they desire. Unregistered Posted 11/25/2021 9:34 pm
This is an exchange where people exchange cryptocurrency for dollars and vice versa. Whether you can exchange your crypto for dollars is based on demand. I can go sell a billion dollars of MSFT right now with a market sell order if I'm willing to deal with pushing the price down in the process. Same thing. This is why hedgefunds chop up their stock orders into tiny pieces and sell throughout the day for a whole week. Unregistered Posted 11/25/2021 9:40 pm
Was talking to a dumbfuck at work - he just got in a car accident and is planning to "invest" half of his future settlement in crypto. Unregistered Posted 11/25/2021 9:44 pm
This. OP here. Finally someone gets it. Unregistered Posted 11/25/2021 9:48 pm
buyys!
Unregistered Posted 11/25/2021 9:54 pm Unregistered Posted 11/25/2021 9:55 pm
No you didn't. Unregistered Posted 11/25/2021 9:55 pm
False. The US dollar is Federal Reserve Debt. That's what backs the dollar. The Federal Reserve has a balance sheet. One of the main items on it is US Treasury debt. The US is good for its Treasury debt because it has the ability to tax imports, tax corporations and people and also is the biggest land owner in the US (among a ton of other shit). The Federal Reserve bus and sells shit. When it buys shit with Federal Reserve debt, it is increasing its debt in return for an asset it holds on its balance sheet. This increases the amount fo dollars (Fed debt) in circulation. When it sells shit, which it does (open market operations), it gets dollars back and that cancels the debt and destroys dollars. So, dollars are created and destroyed and backed by the balance sheet of the Fed. This is NO DIFFERENT from your personal balance sheet. You can issue debt by buying a house, for example. You spend dollars you don't have and go into debt and hold an asset on your balance sheet. Your personal debt increases because you issued debt. If your house goes up in value, you can sell it, cancel your debt and make a profit. The debt you have can be sold to others (your mortgage can be sold off by a bank). That's just like the Fed. Bitcoin? It is backed by nothing. No open market operations, no balance sheet. Some guy created a bunch of coins up, gave them to himself and his friends and then sold them off. AND YOU ARE SO FUCKING STUPID YOU THINK THAT IS LIKE THE DOLLAR. Why? Because you are a fucking idiot, just like all the idiots buying this shit. Fucking morons like you are the fucking problem. Thank God not everyone is as fucking stupid as you are. Unregistered Posted 11/25/2021 9:58 pm Unregistered Posted 11/25/2021 9:59 pm
You can't equate stock and crypto. Crypto is entirely run by scams. The price is not in dollars. It is "tethers" which is another fucking coin. The majority of exchanges are outside the US and wash trade, punp the price up and down to liquidate limit orders, margin call people, etc. The volume is all fake. The price is fake. And then Coinbase uses those prices, in tethers, to calculate the price in actual dollars. There is no liquid market, it is all fake. That is why it can drop 20% at the drop of a hat or spike down 80%. Absolutely nothing like the stock market. And that's what crypto people love about it. They love that it is corrupt because they want the exchanges to print the prices to the moon so they can sell to a fool at that price. The more corrupt, the more thefts, the more illegal shit, the better. |