Bitcoin Take?

[ChiefRocka]

Bitcoin disrupts gold
Ethereum disrupts financial services
There will be others...

[Michelangelo]

Governments can’t do shit, but hurt themselves. The entire developing world and other developed countries will adopt it. Japan embraces it. Why would America cut us off? That’s about as dumb as North Korea cutting their people off from the internet. It’s always there, but NK can’t benefit from it.

[dlphg9]

Originally Posted by KChiefs1

I think I’ll wait until it hits $15K before jumping in big time. I can’t hold this money long though.

Put it in GameStop or AMC!

You won't regret it!

[Molitoth]

Originally Posted by Michelangelo

Governments can’t do shit, but hurt themselves. The entire developing world and other developed countries will adopt it. Japan embraces it. Why would America cut us off? That’s about as dumb as North Korea cutting their people off from the internet. It’s always there, but NK can’t benefit from it.

Raoul Pal I think stated that until Bitcoin reaches 10 Trillion market cap, it's not worth the fight from the US gov/fed. At this point Bitcoin is just a gnat flying around being annoying.

[eDave]

They can do whatever they want when it hits $1T. I will be way into giving no ****s about much mode by then.

[scho63]

Originally Posted by Michelangelo

Governments can’t do shit, but hurt themselves.

Do you really believe what you posted?

Governments **** things up all the time. This will be no different in the short term.

[Michelangelo]

Originally Posted by scho63

Do you really believe what you posted?

Governments **** things up all the time. This will be no different in the short term.

I think we agree. I said governments can hurt themselves and you said Governments **** things up all the time.

I’m basically saying that crypto will benefit the world, governments can choose not to play like NK did with the internet.

[scho63]

What if governments passed a law stating that accepting any alternative currency for payment, including cryptos, was illegal?

I dont think our government would try that shit and I think its too late to try but that doesmt mean politicians may not try
Also there are plenty of dumber governments than ours that could cause some chaos in the markets.

[KChiefs1]

Originally Posted by dlphg9

Put it in GameStop or AMC!

You won't regret it!

I’ve decided $429,000 is going all in on AMC on Tuesday morning. If the predictions hold true. I should have $10-15 million in a few months.

Should be a fun ride.

[-King-]

Originally Posted by KChiefs1

I’ve decided $490,000 is going all in on AMC on Tuesday morning. If the predictions hold true. I should have $10-15 million in a few months.

Should be a fun ride.

Thought it was $429k

[KChiefs1]

Originally Posted by -King-

Thought it was $429k

I’m tired I fixed it. I need to bed but I’m jacked after watching YouTube on AMC.

[MTG#10]

Originally Posted by KChiefs1

I’ve decided $429,000 is going all in on AMC on Tuesday morning. If the predictions hold true. I should have $10-15 million in a few months.

Should be a fun ride.

I'll be watching for it.

[crispystl]

Originally Posted by KChiefs1

I’ve decided $429,000 is going all in on AMC on Tuesday morning. If the predictions hold true. I should have $10-15 million in a few months.

Should be a fun ride.

Following^^^

[loochy]

Originally Posted by KChiefs1

I’ve decided $429,000 is going all in on AMC on Tuesday morning. If the predictions hold true. I should have $10-15 million in a few months.

Should be a fun ride.

Keep us posted

[JohnnyHammersticks]

Originally Posted by KChiefs1

I’ve decided $429,000 is going all in on AMC on Tuesday morning. If the predictions hold true. I should have $10-15 million in a few months.

Should be a fun ride.

Reminds me of a phone call I got last week. My best friend told me his recently widowed mother-in-law sent $600,000 in Bitcoin over the last few months to some guy she met online "who loves her but can't access his bank account because he's working on an oil rig and will pay her back as soon as he gets off". $600,000, vaporized. The guy (who she never even actually spoke to) coached her through withdrawing the cash and opening a Coinbase account. FBI told my buddy she'll never get a penny of it back. All the life insurance money she got from her husband's death plus she took out a home equity loan. Will have to sell her house in Queen Creek AZ and move back to Springfield and live in a room in her sister's house.

She apparently kept insisting the guy was real even during the meeting with the FBI agent. When reality finally hit her, my buddy said she was so depressed and humiliated that they had to remove the gun she had in her house and basically put her on suicide watch.

[MTG#10]

Originally Posted by JohnnyHammersticks

Reminds me of a phone call I got last week. My best friend told me his recently widowed mother-in-law sent $600,000 in Bitcoin over the last few months to some guy she met online "who loves her but can't access his bank account because he's working on an oil rig and will pay her back as soon as he gets off". $600,000, vaporized. The guy (who she never even actually spoke to) coached her through withdrawing the cash and opening a Coinbase account. FBI told my buddy she'll never get a penny of it back. All the life insurance money she got from her husband's death plus she took out a home equity loan. Will have to sell her house in Queen Creek AZ and move back to Springfield and live in a room in her sister's house.

She apparently kept insisting the guy was real even during the meeting with the FBI agent. When reality finally hit her, my buddy said she was so depressed and humiliated that they had to remove the gun she had in her house and basically put her on suicide watch.

That's horrible and all but I have a really tough time feeling sympathy for people that dumb.