Is anyone else starting to become a bit excited?

grindle wrote: »

I mean...I get why they make up X amount in a given year or two to plaster over the cumulative mistakes of the previous decade as a recession plops into our view, but can't see why people aren't able to see that that amount is supposed to be paid back at some stage. It's never paid back, always added to.

US debt is currently @ $82.2k per capita, in a country that treats the wealthiest businesses as the most favoured charities. Up from $20.2k per head in the year 2000. It's an obscenity, a very obvious ticking timebomb but somehow not something that's talked about (edit: in any serious manner)

I worry about this on a daily basis. How can we be doing this to the generation of our children.

It's like playing fucking Santa with someone else's money :mad:

unkel wrote: »

I worry about this on a daily basis. How can we be doing this to the generation of our children.

It's like playing fucking Santa with someone else's money :mad:

And you haven’t seen anything yet ...

The MTT* crowd is very influent with the upcoming US administration (and in general is gaining influence accros the western world).
To them, budget deficit and money creation are just irrelevant numbers which are not to be worried about unless hyperinflation shows-up. If you haven’t done so already, you should listen to the likes of Stephanie Kelton, it is scary stuff. They will probably be very popular for a couple of year as it will indeed look magical, until people realise they are completely destroying the value of fiat currencies (faster than ever before when it comes to the leading currencies).


* they call it modern monetary theory, I call it magic money tree.

Dow currently sitting at $30k.

From a US administrative point of view that seems to be job done in terms of COVID fiscal policy. Anything else will hamper this in their eyes. Rumours Trump is pushing for serious cheques to be put in the hands of ordinary citizens

https://twitter.com/JStein_WaPo/status/1339736253957353472

but the resistance from both sides of the House will be huge. He doesn't seem to have publicly stated this desire and while I imagine he'd like to get his name on these I wonder are people telling him that on the way out the door this will ultimately be a bad move for him, he needed to get it done in the election runup to gain.

So obviously regular Americans are screwed. They plainly need a cash stimulus, but any direct stimulus hammers home the precariousness of their inflated economy and will ultimately drive inflation/price increases of assets like BTC. Absoulute disaster imo, contantly looking to carefully place band-aids on a sclerotic empire.

cnocbui wrote: »

We must be overdue for another downbeat prognostication from Jamie Dimon on how stupid bitcoin is and those who invest in it.

They did that and accumulated.
Now it is time for media stories about how great Bitcoin is and how it will be a hedge for the future so latecomers buy their bags.

Theta ATH at the min, just watched the AMA another validator along the calibre of Samsung and Google will be joining the network soon, interesting news coming.

Thargor wrote: »

Any time Ive ever seen CNBC comment on one of my investments or any field of interest in which I have a working knowledge its made me mad at how wrong and ignorant of the subject they are, its really amazing how bad they are in a way, bitcoin to biotech to video games and everything in between, they havent a clue.

It's a barometer - if they say buy something, you need to make a plan to sell and vice versa.

$1.23 today to €1

Could go higher too.

Anyone see DaVinciJ saying he's swapping his gold for ETH?

Stormington wrote: »

Anyone see DaVinciJ saying he's swapping his gold for ETH?

I think he's shifting some btc aswell to eth.

Should anyone have travel plans off the back of this upswing going into 2021, you can see your BTC put to work for the social good of an entire community at Bitcoin Beach.

Irish_rat wrote: »

Anyone else get account restricted with Coinbase?

Glad to know it is not just me. Totally unacceptable. Seems as if they are preventing people from trading

banie01 wrote: »

Re:Coinbase verification.
They seem to have decided to request a slew of new photo ID uploads from people.
I know in my own case, they have requested new passport scan, despite it being re-verified within the last 6 months.

I'm sitting here looking at LTC and feeling jealous.
I sold out of all mine a few weeks ago at @$60 albeit still at a 40% gain.
So happy to have profits and to have done well.
Similar with xrp last week.

Have a lot of $ waiting to go back in.
Only crypto I'm holding currently is bloody CRO
Dammit! :pac:

Hope everyone is staying calm and has a plan to crystallise either their initial investment or their profit.

I've just logged in via the Coinbase website and after answering a few simple questions such as stating my Nationality.. I'm back. I can trade fully again.

LTC is on a tear, I might sell for the time being and buy back in.

el diablo wrote: »

My anti-phishing software strongly recommends that I don't click on this website. :eek:
What am I missing?

Does your anti-phishing software discriminate on the basis that it mentions bitcoin (within the domain name - and throughout the website)? I ran it through this check and it didn't have an issue with it.
I'd be very surprised if anything like that was going on. This project has been ongoing for a couple of years already - it's the real deal. I know people who have visited El Zonte - and I intend to do so myself sometime next year.