Author Topic: Money, the Fed, Banking, Monetary Policy, Dollar, bitcoin, crypto, Gold/Silver  (Read 364105 times)

ya

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BTC make or break time...

Crafty_Dog

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GBTC continues to tank hard
« Reply #1501 on: July 20, 2021, 07:52:45 AM »
I made a decision that my positions were long term , , ,

ya

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Good decision...BTC  is a long term play. If you can hold for 2 halving cycles, i.e. 8 years, that should be rewarding.
Tomorrow important BTC conf in the afternoon. Should be interesting.  A sharp move is coming, Bollinger bands have been narrowing. Cathie Wood of Ark Investments, bought a ton of GBTC in the last few days. Exciting times.


Crafty_Dog

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ya

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The "experts" think there is no issue with Tether. As BTC rises and banks get disrupted, there will be lots of FUD, talk of govt bans, taxation etc. BTC has forced nearly every nation to come up with CBDC's, but CBDC's are just unlimited fiat digital $. Gresham's law predicts that bad money drives out good money i.e.  BTC will be hoarded as a store of value, while fiat will be spent.
Stablecoin legislation is coming.

ya

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Layered Money
« Reply #1506 on: July 25, 2021, 08:12:21 AM »
This is a great read, highly recommended, especially the last few chapters. Nik Bhatia's Layered Money

https://www.amazon.com/Layered-Money-Dollars-Bitcoin-Currencies/dp/B091D3KR8G/ref=sr_1_1?dchild=1&keywords=nik+bhatia&qid=1627225851&sr=8-1
« Last Edit: July 25, 2021, 03:46:41 PM by Crafty_Dog »


ya

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Most of the money laundering is done using the US $ and other major currencies. Crypto is a very small portion of that. Furthermore, calling it "crypto" is not useful. There are 8000 crypto currencies.

ccp

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reason for BC surge
« Reply #1509 on: July 26, 2021, 04:47:43 AM »
https://news.yahoo.com/bitcoin-surges-amid-short-covering-031129556.html

I suspect Amazon is going to come out with their own coin

since when do they not muscle into a market themselves

like FB is doing with zuck bucks ......?

 :?


G M

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Most of the money laundering is done using the US $ and other major currencies. Crypto is a very small portion of that. Furthermore, calling it "crypto" is not useful. There are 8000 crypto currencies.

https://web.archive.org/web/20140701203223/http://www.rollingstone.com/politics/blogs/taibblog/outrageous-hsbc-settlement-proves-the-drug-war-is-a-joke-20121213

Crafty_Dog

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What year is that Taibbi piece?

G M

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What year is that Taibbi piece?

2012, I believe. The ugly truth is the big banks have been neck deep in money laundering forever, and pay no real consequences.

Crafty_Dog

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The point you make with it is quite on point, but it is always good to have the full citation.

G M

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Crafty_Dog

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What happened today?

Great day for GBTC (COIN too)

Crafty_Dog

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DougMacG

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Re: Chinese Digital Currency
« Reply #1517 on: July 27, 2021, 04:09:31 PM »
https://www.gatestoneinstitute.org/17487/china-digital-currency

this is a really well linked and sourced article. I'll move this to another thread but want to pull it out here.

Broken promises of PRC:

https://www.wsj.com/articles/china-completes-runway-on-artificial-island-in-south-china-sea-1443184818

militarization of the islands.  Hong Kong will remain under the separate system, and so many more.  What does their word of honor mean?  Nothing, absolutely nothing!  Is that what you want standing behind a currency?

DougMacG

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Re: Chinese Digital Currency
« Reply #1518 on: July 28, 2021, 08:20:01 AM »
https://www.gatestoneinstitute.org/17487/china-digital-currency

[Doug]the number one motive of the Chinese Communist Party is to maintain (or increase) complete control over their subjects.  Efficiency of transactions is second to that.

[From the article]:
"The real purpose of the new digital currency... seems to be... to challenge the long-standing global reign of the US dollar."

[Doug] Aren't those objectives contradictory?  If it is designed to force complete control, non-consensually, over it's subjects (and how could it be anything else?) doesn't it follow that no one would choose that currency if they didn't have to?  That doesn't put you ahead of the USD or Bitcoin.

BTW, the US$ is a digital currency.

Crafty_Dog

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Crafty_Dog

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Go GBTC! 8-)

G M

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Re: Chinese Digital Currency
« Reply #1521 on: July 28, 2021, 04:38:26 PM »
I trust Chinese digital currency like I trust Chinese infant formula.


https://www.gatestoneinstitute.org/17487/china-digital-currency

[Doug]the number one motive of the Chinese Communist Party is to maintain (or increase) complete control over their subjects.  Efficiency of transactions is second to that.

[From the article]:
"The real purpose of the new digital currency... seems to be... to challenge the long-standing global reign of the US dollar."

[Doug] Aren't those objectives contradictory?  If it is designed to force complete control, non-consensually, over it's subjects (and how could it be anything else?) doesn't it follow that no one would choose that currency if they didn't have to?  That doesn't put you ahead of the USD or Bitcoin.

BTW, the US$ is a digital currency.


Crafty_Dog

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Ugh.