As I write this I hear some news about Venezuela where children are starving as their parents cannot afford food. The inflation rate is up 500.000% in a year now.
The government promised a large increase in simple people wages, as well as building roads and other positive things.
But all they did was print more and more money to pay for all this; Which means inflation, which means people cannot afford to buy anything.
Because you see, if a government decides to print more and more fake money, there is no stopping them. They control the army in every country that has no monarch. And even in countries that have a monarch, they might not stop the government (see how the king of Italy let facism and Mussolini do whatever they wanted in 1940). Yes, there used to be a king in Italy. The people kicked the monarchy out in 1947 thought, I assume every one knows why.
There is NO ONE that can stop governments without a full scale revolution/rebellion.
So I do not know about you, but I sure do not want to live in a world where I cannot afford feeding my children.
The only way to free us from the tyranny of money printing central banks is here now.
You see, one of the greatest change in human history is taking place. We are in Bitcoin infancy.
Meanwhile, the US government debt is at all time high, the numbers are simply ridiculous, while the economy growth and projected growth are at their lowest.
There is not going to be a second chance, waiting the next day will not cut it.
Bitcoin is clearly bottoming, and the time to act is here and NOW.
I will end by simply asking you one question: If you could go back in time and buy as many Bitcoin as you could for 200$, would you?
The government promised a large increase in simple people wages, as well as building roads and other positive things.
But all they did was print more and more money to pay for all this; Which means inflation, which means people cannot afford to buy anything.
Because you see, if a government decides to print more and more fake money, there is no stopping them. They control the army in every country that has no monarch. And even in countries that have a monarch, they might not stop the government (see how the king of Italy let facism and Mussolini do whatever they wanted in 1940). Yes, there used to be a king in Italy. The people kicked the monarchy out in 1947 thought, I assume every one knows why.
There is NO ONE that can stop governments without a full scale revolution/rebellion.
So I do not know about you, but I sure do not want to live in a world where I cannot afford feeding my children.
The only way to free us from the tyranny of money printing central banks is here now.
You see, one of the greatest change in human history is taking place. We are in Bitcoin infancy.
Meanwhile, the US government debt is at all time high, the numbers are simply ridiculous, while the economy growth and projected growth are at their lowest.
There is not going to be a second chance, waiting the next day will not cut it.
Bitcoin is clearly bottoming, and the time to act is here and NOW.
I will end by simply asking you one question: If you could go back in time and buy as many Bitcoin as you could for 200$, would you?
Comment:
I don't want to roast these people that much, but cryptoers, they are like...
Imagine you got this fat boy at your school. He hasn't done anything to you and you feel sorry for him so you both go about your lives and every one is happy.
But then he joins the girl dance club.
And then he starts making fun of you for being so skiny and so obsssessed with athletism and having a terrible life. You feel sorry for him, you want to be the bigger man you let it go.
And then you see him appear with a pink dress a little crown and little skirt and all. It's getting pretty hard at that point.
And then you see him go try talk to a girl stutter and she starts walking away and he gets all nervous and blushes and cries and stutters even more.
I mean, at some point we are just humans beings, and some things cannot be overlooked, that's just too much, and all that roasting you got bottled up just got to come out at some point.
How do these people even exist?
Imagine you got this fat boy at your school. He hasn't done anything to you and you feel sorry for him so you both go about your lives and every one is happy.
But then he joins the girl dance club.
And then he starts making fun of you for being so skiny and so obsssessed with athletism and having a terrible life. You feel sorry for him, you want to be the bigger man you let it go.
And then you see him appear with a pink dress a little crown and little skirt and all. It's getting pretty hard at that point.
And then you see him go try talk to a girl stutter and she starts walking away and he gets all nervous and blushes and cries and stutters even more.
I mean, at some point we are just humans beings, and some things cannot be overlooked, that's just too much, and all that roasting you got bottled up just got to come out at some point.
How do these people even exist?
Comment:
Cool so now Yobit exchange decided to give people a little headsup before they manipulate the price oh a cryptocoinscam.
"We will buy one random coin for 1 btc every 1-2 mins 10 times (total buy amount - 10 btc)."
There is a timer on their site. Next pump in in 16:12:35 get ready.
A little money laundering here, a little open price manipulation there, oh ye that looks like a place I want to put my children college fund in! :D
I understand how every one is so tempted to scam crypto morons, but idk it feels like stealing candy from a little baby. Maybe I am wrong and I should try joining the scammers too, not that I need too.
The issue is if they end up poorer they are more likely to reproduce... Bad thing...
"We will buy one random coin for 1 btc every 1-2 mins 10 times (total buy amount - 10 btc)."
There is a timer on their site. Next pump in in 16:12:35 get ready.
A little money laundering here, a little open price manipulation there, oh ye that looks like a place I want to put my children college fund in! :D
I understand how every one is so tempted to scam crypto morons, but idk it feels like stealing candy from a little baby. Maybe I am wrong and I should try joining the scammers too, not that I need too.
The issue is if they end up poorer they are more likely to reproduce... Bad thing...
Comment:
We lost some important levels (higher lows) and clearly broke out of consolidation / weekly & daily inside bars.
Will this get continuation thought or is this another joke?
Next levels to look at in red.
At that point I just want to know how the movie ends man. Every one on trading view is just troll posting nowadays nothing is going on, would be nice to be able to get some action & drama again.
Will this get continuation thought or is this another joke?
Next levels to look at in red.
At that point I just want to know how the movie ends man. Every one on trading view is just troll posting nowadays nothing is going on, would be nice to be able to get some action & drama again.
Comment:
US Senate Banking Committee have planned a little speech later on by Nouriel Roubini concerning crypto currencies, you can already see what he is going to say but I am not allowed to post links.
It's available on the senate site and Nouriel Roubini links that in his twitter.
Some excerpts from his testimony, damn there are just so many juicy ones, I feel like I'm linking the whole thing:
"Actually calling this useless vaporware garbage a “shitcoin” is a grave insult to manure that is a most useful, precious and productive good as a fertilizer in agriculture"
" And out of this 8% the top 10 coins traded – after Bitcoin – have lost between 83% and 95% of their value since peak with an average loss of over 90%.
This is a true Crypt-Apocalypse. No wonder that a recent study this week argued and conclude that the crypto industry is on the “brink of an implosion”.
No asset class in human history has ever experienced such a rapid boom and total utter bust and implosion that includes thousands of different crypto-assets. "
"Until now, Bitcoin’s only real use has been to facilitate illegal activities
such as drug transactions, tax evasion, avoidance of capital controls, or
money laundering. "
" leading to the kind of debt deflation that economist Irving Fisher believed precipitated the Great Depression. At the same time, nominal wages in Bitcoin would increase forever in real terms, regardless of productivity growth, adding further to the likelihood of an economic disaster."
" And the biggest scam of all is the case of “stable coins” – starting with Tether "
"Indeed, the Fed was created in 1913 when the last of
many bubbles gone bust that had caused massive bank runs led to the
realization that an institution that could provide with lender of last
resort to the financial system was needed."
"The financial-services industry has been undergoing a revolution. But
the driving force is not overhyped blockchain applications such as
Bitcoin. It is a revolution built on artificial intelligence, big data, and the
Internet of Things."
"Buterin’s inconsistent trinity: crypto is not scalable, is not
decentralized, is not secure"
"But the reality is just the opposite: a bunch of self-serving greedy white
men – very few women or minorities are allowed in the blockchain
space – have pretended to create billions of wealth out of nowhere
while pretending to care about billions of poor and unbanked human
around the world. It is a total pretense as crypto-land is the most
centralized scam in human history where greed for Lambos and
ostentatious consumption is greater than any Gordon Gecko ever. "
"The reality is one of a massive centralization of power among miners,
exchanges, developers and wealth holders, the total opposite of the lie
of a decentralized system."
TBC
It's available on the senate site and Nouriel Roubini links that in his twitter.
Some excerpts from his testimony, damn there are just so many juicy ones, I feel like I'm linking the whole thing:
"Actually calling this useless vaporware garbage a “shitcoin” is a grave insult to manure that is a most useful, precious and productive good as a fertilizer in agriculture"
" And out of this 8% the top 10 coins traded – after Bitcoin – have lost between 83% and 95% of their value since peak with an average loss of over 90%.
This is a true Crypt-Apocalypse. No wonder that a recent study this week argued and conclude that the crypto industry is on the “brink of an implosion”.
No asset class in human history has ever experienced such a rapid boom and total utter bust and implosion that includes thousands of different crypto-assets. "
"Until now, Bitcoin’s only real use has been to facilitate illegal activities
such as drug transactions, tax evasion, avoidance of capital controls, or
money laundering. "
" leading to the kind of debt deflation that economist Irving Fisher believed precipitated the Great Depression. At the same time, nominal wages in Bitcoin would increase forever in real terms, regardless of productivity growth, adding further to the likelihood of an economic disaster."
" And the biggest scam of all is the case of “stable coins” – starting with Tether "
"Indeed, the Fed was created in 1913 when the last of
many bubbles gone bust that had caused massive bank runs led to the
realization that an institution that could provide with lender of last
resort to the financial system was needed."
"The financial-services industry has been undergoing a revolution. But
the driving force is not overhyped blockchain applications such as
Bitcoin. It is a revolution built on artificial intelligence, big data, and the
Internet of Things."
"Buterin’s inconsistent trinity: crypto is not scalable, is not
decentralized, is not secure"
"But the reality is just the opposite: a bunch of self-serving greedy white
men – very few women or minorities are allowed in the blockchain
space – have pretended to create billions of wealth out of nowhere
while pretending to care about billions of poor and unbanked human
around the world. It is a total pretense as crypto-land is the most
centralized scam in human history where greed for Lambos and
ostentatious consumption is greater than any Gordon Gecko ever. "
"The reality is one of a massive centralization of power among miners,
exchanges, developers and wealth holders, the total opposite of the lie
of a decentralized system."
TBC
Comment:
CONTINUED. You odn't have to read all the quotes, but why would you not read them all? They're all so savoury.
"Crypto is not the internet nor will ever be
Blockchain’s boosters would argue that its early days resemble the
early days of the Internet, before it had commercial applications. But
that comparison is simply false. Whereas the Internet quickly gave rise
to email, the World Wide Web, and millions of viable commercial
ventures used by billions of people in less than a decade,
cryptocurrencies such as Bitcoin do not even fulfill their own stated
purpose."
"81% of ICOs are scams created by con artists, charlatans, and
swindlers looking to take your money and run."
"There is now massive evidence – from serious press investigations and
academic studies – that the entire crypto-land is subject to massive,
systematic and widespread price manipulation of every sort known in
the annals of criminal manipulation: pump and dump schemes, wash
trading, spoofing, front-running, serious conflicts of interest between
exchanges and their customers, vast insider trading, creation of pseudo
stable coins that are rather fiat crypto-currencies that are used only to
prop up Bitcoin and other crypto-currencies. "
"Scammers, swindlers, criminals, charlatans, insider whales and carnival
barkers (all conflicted insiders) tapped into clueless retail investors’
FOMO (“fear of missing out”), and took them for a ride selling them and
dumping on them scammy crappy assets at the peak that then went
into a bust and crash – in a matter of months - like you have not seen in
any history of financial bubbles. "
"Under the high-flatulent pretense of wanting to help the millions who
lost homes and their livelihood to the hurricane by using “blockchain”
and new crappy crypto-currencies these literal blood-suckers live in
super-luxury mega mansions in the island and use the island’s tax laws
to enrich themselves and avoid paying their federal taxes. "
"No Killer App in Crypto/Blockchain After A Decade: Only Ponzi
Schemes"
"Scams in crypto-currencies
were so widespread and systemic that the SEC had to create a fake
website that parodies the scammy ICO to warns investors of the
plethora of scams and criminal enterprises that infest and dominate
crypto land."
Ok ok that's enough. Man it seems so pointless do do all this research and expose facts clearly when I mean it's so clearly a gigantic scam, but good that he did do so, and that is his job kinda, after all.
I am pretty sure we went down preventivly today XD Someone opened a huge short or something before this goes live XD
I would love to see the senate outright ban crypto but I don't think it will happen.
All I know is my pop corn is ready and I will savour every minute of this hearing.
It is scheduled for 10 AM, washington time, a little over 9 hours from now <3
Vitalik is so butthurt on Twitter it's awesome. I hope we see BLOOD.
"Crypto is not the internet nor will ever be
Blockchain’s boosters would argue that its early days resemble the
early days of the Internet, before it had commercial applications. But
that comparison is simply false. Whereas the Internet quickly gave rise
to email, the World Wide Web, and millions of viable commercial
ventures used by billions of people in less than a decade,
cryptocurrencies such as Bitcoin do not even fulfill their own stated
purpose."
"81% of ICOs are scams created by con artists, charlatans, and
swindlers looking to take your money and run."
"There is now massive evidence – from serious press investigations and
academic studies – that the entire crypto-land is subject to massive,
systematic and widespread price manipulation of every sort known in
the annals of criminal manipulation: pump and dump schemes, wash
trading, spoofing, front-running, serious conflicts of interest between
exchanges and their customers, vast insider trading, creation of pseudo
stable coins that are rather fiat crypto-currencies that are used only to
prop up Bitcoin and other crypto-currencies. "
"Scammers, swindlers, criminals, charlatans, insider whales and carnival
barkers (all conflicted insiders) tapped into clueless retail investors’
FOMO (“fear of missing out”), and took them for a ride selling them and
dumping on them scammy crappy assets at the peak that then went
into a bust and crash – in a matter of months - like you have not seen in
any history of financial bubbles. "
"Under the high-flatulent pretense of wanting to help the millions who
lost homes and their livelihood to the hurricane by using “blockchain”
and new crappy crypto-currencies these literal blood-suckers live in
super-luxury mega mansions in the island and use the island’s tax laws
to enrich themselves and avoid paying their federal taxes. "
"No Killer App in Crypto/Blockchain After A Decade: Only Ponzi
Schemes"
"Scams in crypto-currencies
were so widespread and systemic that the SEC had to create a fake
website that parodies the scammy ICO to warns investors of the
plethora of scams and criminal enterprises that infest and dominate
crypto land."
Ok ok that's enough. Man it seems so pointless do do all this research and expose facts clearly when I mean it's so clearly a gigantic scam, but good that he did do so, and that is his job kinda, after all.
I am pretty sure we went down preventivly today XD Someone opened a huge short or something before this goes live XD
I would love to see the senate outright ban crypto but I don't think it will happen.
All I know is my pop corn is ready and I will savour every minute of this hearing.
It is scheduled for 10 AM, washington time, a little over 9 hours from now <3
Vitalik is so butthurt on Twitter it's awesome. I hope we see BLOOD.
Comment:
MORE MORE
"Crypto-land is an eco-system of con artists, self-serving peddlers,
scammers, carnival barkers, charlatans, and outright criminals. While
every successful technological revolution includes some bubbles and
some scammers, most of the real ones – like the internet - create real
goods and services that billions of folks use around the world even after
the initial frothiness and bubble has burst. And the criminal and
scamming element in real technological revolutions is the exception,
not the systemic rule that it is in crypto land."
"This scammy eco-system is consistent with the idiotic crypto jargon:
HODLers are suckers who have hold on their collapsing cryptocurrencies
even after they lost 90% of their value; Lambos refer to the
crypto obsession with stealing investors’ money to buy luxury energy
hogging cars; Whales are large early crypto billionaires who are stuck
with their fake wealth after the suckers of retails investors – who
bought into the FOMO of the peak 2017 bubbles – lost 90% of their
investments; those suckers are also called BagHolders. The entire
crypto jargon is not of a new industry developing a creative disruptive
technology but that of an industry of con artists, criminals, scammers
and carnival barkers. "
This guy's on point. I checked his twitter once in a while, but looking at all he says now, seriously every single one of his conclusions are the exact same as mine.
I always called the "bagH0DLers" idiotic suckers that got folled, he does the same only difference is I add a little spicy "bag" in front of "H0DLer"' and a 0 instead of regular O.
I wonder if we'll see some cool senators that H4*2 crypto just like us :D
"Crypto-land is an eco-system of con artists, self-serving peddlers,
scammers, carnival barkers, charlatans, and outright criminals. While
every successful technological revolution includes some bubbles and
some scammers, most of the real ones – like the internet - create real
goods and services that billions of folks use around the world even after
the initial frothiness and bubble has burst. And the criminal and
scamming element in real technological revolutions is the exception,
not the systemic rule that it is in crypto land."
"This scammy eco-system is consistent with the idiotic crypto jargon:
HODLers are suckers who have hold on their collapsing cryptocurrencies
even after they lost 90% of their value; Lambos refer to the
crypto obsession with stealing investors’ money to buy luxury energy
hogging cars; Whales are large early crypto billionaires who are stuck
with their fake wealth after the suckers of retails investors – who
bought into the FOMO of the peak 2017 bubbles – lost 90% of their
investments; those suckers are also called BagHolders. The entire
crypto jargon is not of a new industry developing a creative disruptive
technology but that of an industry of con artists, criminals, scammers
and carnival barkers. "
This guy's on point. I checked his twitter once in a while, but looking at all he says now, seriously every single one of his conclusions are the exact same as mine.
I always called the "bagH0DLers" idiotic suckers that got folled, he does the same only difference is I add a little spicy "bag" in front of "H0DLer"' and a 0 instead of regular O.
I wonder if we'll see some cool senators that H4*2 crypto just like us :D
Comment:
Maaan this senator couldn't give a fart about crypto he's just talking about other payment system and the economy, he's looking for tips to figure out when to sell his stocks XD
Comment:
Clic play :)
And here I am at 1 pm in the evening (woke up 5 pm yesterday, going to bed in a few minutes or hours now), wearing a tshirt and socks with my wiener hanging out listening to gachi, haven't gone to work in 2 months, sometimes I wake up at 7 pm in the morning sometimes at 1pm really depends how I feel...
Trading is dumber than anything, but you know, according to the same people, selling your friggin house and forfeiting your future to buy some magic beans is the best move you could ever make, and they expect magic beans to go to 50.000$ by the end of the year and beyond.
Oh my, you can't make this shet up.
I get that people are insanely stupid but is everyone just too lazy to backtest something or look at actual facts?
Why do so many "people" listen to all these apes?
"People are getting dumber" they say.... Ye I think it's going much faster than scientist have estimated, boy oh boy humanity is devolving faster than an obese feminist gets triggered when a white man calls her sweetheart.
On one side it's cool and all that it is SO EASY to make money, like playing life with cheat codes, but that money won't be very useful when every one goes full ape.
So ye in case you didn't notice this post was a parody of all the "experts" that manage the feat of posting ideas while being in a vegetative state.
It has it all, playing with people fear, greed, FOMO, the motivational part, the "world is changing", the feel of urgency "now or never" crap "this is the bottom" "inflation will kill us all". The usual idiotic garbage, cherry picking "facts" and only looking for reasons as to why magic beans go up in price rather than looking for counter arguments.
This is just a detail but USA central bank reserve thing is not even linked to the government, right? They are private so basicaly the government isn't even the ones printing the money and deciding of the inflation right? but that here is just 1 detail. Every thing about this post is wrong. It's so easy for Eugene there to just look at a chart draw random lines and find things in common "oh 6 is lower then 4 AND 4 is lower than 2 can't be a coincidence right? Please shot me my brain does not function anymore".
If you look at gold, it does just the same and guess what? The price went down down down down.
Also, how is a sample size of 1 something to even consider?
When you look at the number of losers that like these kind of dumb ideas man, you just know you gotta stay away. When there are THAT MANY people THAT DUMB you do not even need to look at fundamentals or technicals, you just KNOW it's a dumbass magnet hence not a worthy investment.
And it's no surprise that so many scammers end up into this breeding ground for morons... I don't care how much hate I get, these people aren't even human know what I'm saying? They're not even apes. We're talking missing link here, like some kind of lemur or something.
How do these people even reach adulthood without shooting themselves in the face or getting runover or drowning in a cup of coffee or something?