Yes, your children wont get this opportunity and they will ask why you weren’t on the gravy train, in 30-50 years from now people will laugh at previous generations using paper money backed by gold which didn’t exist and wasn’t even audited.
Of course the crypto game could never be rigged.
Do you know what, I don't even want to be drawn in any further
Or, possibly, they will laugh at people who were sucked into crypto because they held bizarre (and untrue) beliefs about paper money.
Our paper money isn't backed by gold. The question of whether the gold exists or is audited simply doesn't arise.
Has the crypto market gone up over the last week or has the dollar just gone down?
The dollar has dropped which is good for US trade, for QE to occur (I won’t say money printing as that offends some) the dollar needs to be weak against other currencies, a little bit more of a drop would be nice. China have already kicked into QE though it’s just a shame they fancy gold more than BTC however some of it will hit crypto when the global financial landscape settles.
True, ever since it wasn’t necessary to provide any receipts for gold whilst printing currency it is no longer seen as a requirement, given that then what is “our” paper money back by?
No longer "seen" as a requirement? What are you talking about? USD hasn't been backed by gold since 1971 when they abandoned the gold standard. The GBP was even earlier.
So you are getting outraged whilst agreeing with me that it was previously “seen” as a requirement and is no longer “seen” as a requirement? If you really need to have an argument then maybe it’s best to start by disagreeing.
It's not a case of not being "seen" as a requirement. The monetary system isn't, and hasn't for a long time been, linked to gold reserves. Some countries might hold gold reserves for completely unrelated reasons but the currency of a country is solely backed by the gaurantee of the country and nothing more. You seem to under some illusion that we're still in some sort of Brehon Woods era!
Stuck firmly in this era I’m afraid, so we also agree that a currency is backed by nothing, if we keep agreeing with each other like this you’re going to have to open a coinbase account.
I have a Coinbase account already thanks. And Binance and Revolut X and a few others. I just don't agree with the view that QE will reignite this cycle because it previously didn't contribute to any cycles.
Making stuff up again.... I hope nobody follows your 'advice'! Let me guess, you're living in Portugal using bitcoin to pay for everything, and drive a lambo 😂
Tell us more about about how crypto could go up in this cycle.
A common theme is that the hatred and shear blood-curdling vitriol a person has for crypto is proportionate to how early they could/should have bought in at.
Best not to throw salt in the already salty wound
Currencies have value because of a societal agreement that they do.
Pretty much like gold, in fact, and also like cryptocurrencies.
(I get that the supply of gold is finite, and the supply of (some) (specific) cryptocurrencies is (promised to be) finite, but neither of these things create value. The supply of pebbles is finite, and they have negligible value.)
A few people mentioned getting out this year. What prices are people seeing as their likely/hopeful selling point now?
It's getting increasingly difficult to know these days, but the end of the 90 day tariff pause might be an indicator. Who knows what will happen between now and then. One positive though is that an awful lot of the market hasn't properly had a decent run yet in this cycle.
I highly doubt this: https://cointelegraph.com/news/xrp-price-analysts-10-optimistic-target-of-20
$20 would be 75% of btcs current market cap. A 2k sol is more likely but still not going to happen by 2025.
Most reasonable price predictions are around the 8 to 10 dollar range, anything above that is optimistic noise I reckon. A 4 or 5x from wher it is now isn't that unrealistic, but this cycle is so all over the place right now its getting increasingly hard to believe anything! A catalyst for an xrp up surge would be a proper ETF approval and the case to be officially over. Both are pretty likely in the near future, but this current ranging is really draining me.
Did I not promise yee liquidity?
We are only getting started folks.
I still expect the top by Q4 2025 at the latest, might happen earlier. Nothing has changed. Bitcoin 180K, ETH 8K. Sol 700
Just about back to the levels from late march, just before the tarrif worry started, only reason for liquidity is likely money going out of gold and rotating into crypto.
https://youtube.com/shorts/-B_vy-LEqjg?si=z93NNW2oci3FBaJl
crypto
the world
this fits 99.9% of situations
Is everybody strapped in?
You mean strapping on?
I never check as hodl
So another hyped up nothing burger, it's every week at this stage. Fair play to anyone holding Sui though, serious week.
Just noticed my staking rewards on Binance has reached one free ETH, better than nothing in the eternal wait.
when do you have to sort the tax on that?
End of year or when selling?
I would imagine its when I sell but Ive never actually looked into it, dreading the day revenue ask me about my crypto history tbh, same for my landlord career lol. Get away with it for another decade or two and retire to a different country is my plan.
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