HOLY FUCK ITS UNIRONICALLY OVER
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finally
Nasdaq, Citigroup, fidelity, JP Morgan, etc, all getting their hooks in because crypto and bitcoin have no future; makes sense.
ENTER ALL CRYPTO MARKETS
fuck, if paul donovan says it's over it must be
Dynamic camera angles recording tweets on a 50" monitor. What a time to be alive.
DIP INCOMING
READY YOUR FIAT
Kek@UBS
Press F to spit on grave.
How can anyone take Krugman seriously on anything?
Even meteorologist are better with their predictions than liberal economists
Holy shit the bear market is actually over.
literally who
Unironically time to buy. Never ever below 4k
kek it is silly isnt it
This is it guys, the bear is finally leaving.
Unironically a big bull flag, ty op
>It can't be a store of value because there are no ways to control supply in response to changing demand
But that's wrong? One scenario:
>Demand for BTC falls sharply
>BTC price tanks
>Miners have two choices: a) stop mining, or b) keep mining, but hold onto the BTC rewards and only sell once the demand and higher price for BTC returns
>If miners choose option A, the network has thus naturally adapted in difficulty to the lower demand for BTC, negating crisis
>However, if miners choose option B, no BTC is added into the market, thus reducing supply to meet demand
Also, gold is the ultimate store of value, and I'm not aware of any higher power that can freely control its supply in response to demand. By his definition, the only store of value would be first-world currencies.
You forget that we have seen option B before and what happened last time was that TX fees spiked so transactions took forever to confirm.
Actually, neither option is exclusive. Both can occur at the same time along with a spike in TX fees. So if you want to play this current price drop (Which I think will be a new baseline for at least the next 6 months to a year) then you will see all three trends play out.
Remember that the reason banks and credit card networks cut off bitcoin and credit card transactions was because of the risk that the debts would not be repaid, it had nothing to do with the actual utility of crypto.
Finally.
10k EOY ?
The bulletin begins. This globalist cock sucking puppet contradicts himself within 2 min of talking and ofcourse he preaches how good printing money is.
Have they lost touch with reality after 70 years of cheating the whole world?
ITISCARED.JPEG
>CNBCFastMoney
dropped.
I'm going to also point out I have been right about China, the meteoric Litecoin rise, the last 20k crash and I have been right that miners would start dropping out when price went below cost (I posted this six months ago). I'm going to also point out that I don't trip because that's only what scammers and faggots do and if you are reading this you should make a coordinated effort to slowly accumulate Bitcoin at this price and lower. If the price were to spike down to 1k it would be helpful to cost average down for the next however many months this lowpoint is going to have. It is not going to be a short bear market unless the US economy starts seeing instability.
based teeka
thanks OP just bought 100k.
> printing money does not cause inflation
you say what now
He's not entirely wrong. Look at the history of QE over the past 10 years and the lack of any large effect it had on inflation (for several years after, the Fed was desperately trying to raise inflation to 2%). When most of the printed money goes into markets to foster liquidity rather than in the hands of consumers, it's no surprise that inflation never ballooned.
I'm smart because I have a British accent the video
poetry
>twitter.com
fuck these scammers. this bitch wants you to dump it so he can buy later with millions fuck him
Isn't UBS that organised crime bank? Why should I trust the word of a bunch of criminals?
> literally inflates supply
> not inflation
I don't care if it goes to whales playing whale games. That is liquidity that would have had to come from somewhere else to get the same effect.
Yes
>Used by companies such as UniCredit, UBS and Santander, Ripple has been increasingly adopted by banks and payment networks as settlement infrastructure technology
Makes you think
keep dreaming normie banker
>in the end, it will be like the revolutionaries in the 60s, who sit around a dirty kitchen table claiming that as soon as they do this or that, the country will be on their side and put them in power
Joke's on him, those people make up the majority of the civil service, professoriate, judiciary, and NGO activist set now, and these groups actually decide US policy.
Again UBS is facing billions in fines worldwide. They have a lot to lose by missing the next gold rush. I wonder if they have any connection to those sanctioned BTC addresses.
> The one major flaw is that you cant control its value.
Stable coins mother fucker.
This might be it people, the buy signal of all signals.
>muh supply and demand
>doesn't get that bitcoin is deflationary
What a retard. Going to put my entrie paycheck in next month. See you in 2020, boomer scum.
S
Yes, cringe. Yet another reason I don't do TV anymore.
He looks like the kind of guy who is going to get btfo
gold is a meme
btc is the ultimate store of value, what you proposed is nonsense
btc cannot be confiscated on airports
Nice analysis
this
>It is not going to be a short bear market unless the US economy starts seeing instability.
So bullrun starts 2019?
But the Fed can still force you to give up your private keys through legal action.
>hand over your private key or face prision
yeah sure kid
there is no legal way to physically force you to do jack shit.
If you say you forgot because its a complicated motherfucking password wtf can they say? "bitch he lyin'?"
The second you try to transfer them they'll know you lied but up to that point they cant proof shit. There is no way that a judge or jury will convict your ass to 20 years in prison because you say forgot a 25 word passphrase. Even if they somehow try if your lawyer didnt freshly transfer over from fucking brainletti-stan there is 0% chance you lose that case.
If you convert it to a private currency that is actually private, monero is the only one as far as I know, they are shafted 100%.
With zcash it would be possible, technically speaking, with blockchain analysis to work out where all if not the vast majority of your shit went due to the vast majority being public on the zcash chain. You can simply fabricate trading records with a private chain, say you traded on a dex and lost 99% of it. Ezpz problem solved.
Now there are indeed plenty of illegal ways to get that private key: the good old wrench + muffler will most likely work very well on 99% of the populace.
Imagine thinkin Muttland was 'free'.
HA HA HA Stupid dumb mutts, you fuckers need to be out down
Buy signal.
Yeah they were laundering cartel money
They will put you in the slammer for obstruction of justice until you remember your password.
cops kill people regularly and get no repercussions
if you think you can hide money from the state, you might be able to for some time but eventually they'll kill you
we don't have our 1st amendment, are losing our 2nd, and lost our 4th while being spied on regularly
Impossible. There is no way it would stand in a court that a man that for whatever reason can't remember a 25 word passphrase needs to be jailed. Especially in burgerland, just give all of the jury member a 25 word passphrase ask them to remember it in 30 minutes and see how many of them remember it.
Like I said, monero. If you have enough accumulated to go to ecuador or thailand or some shit just go. As long as you don't start spending like you're motherfucking billgates immediately not much they can do if you launder it properly. Obviously bullet to the head would be possible but wouldn't be worth the effort for some pleb hiding with a couple mil in thailand.
Your government isn't all knowing nor all seeing. Even if it is it costs too much manpower to analyse all this data. You just need plausible deniability + no involvement with drugs/oil/terrorism/politics and you're golden.
how does the fed know who has priv keys?
fuck I love crypto dog
daily reminder its the bankers that are buying cheap so they can dump high and force this tech to never take the power away from the evil banking cartels that destroy the world
heck, they're not really evil, they're just degenerates doing what the failed system wants them to do
>taking advice from UBS's bitch
no thank you, bearfag