Jump to content



Photo

Digital Currency Update


  • Please log in to reply
14 replies to this topic

#11 fib_1618

fib_1618

    Member

  • Traders-Talk User
  • 10,144 posts

Posted 22 January 2022 - 02:02 PM

The directive, which would be presented to President Joe Biden in the coming weeks, puts the White House at the center of Washington’s efforts to deal with cryptocurrencies.


Gee…what an outstanding way to crash ANY asset market…especially by this sorry lot of know nothings!

 

You may get your wish after all…watch the $30,000 level for Bitcoin.
 

Fib


Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

Technical Watch Subscriptions



 


#12 K Wave

K Wave

    Member

  • Traders-Talk User
  • 25,936 posts

Posted 22 January 2022 - 08:08 PM

Meanwhile Doggy Coin headed back to its intrinsic value of ZERO

 

That a coin created as a JOKE got to those absurd levels tells you really everything you need to know about this mania...

 

Cypto unwind is going to last a long time....not going to be a dip and go right back up scenario....

 

dog.png


Edited by K Wave, 22 January 2022 - 08:08 PM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#13 K Wave

K Wave

    Member

  • Traders-Talk User
  • 25,936 posts

Posted 22 January 2022 - 08:10 PM

Meanwhile the Village Idiot at Microstrategy getting a dose of reality.....

 

mstr.png

 

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#14 brucekeller

brucekeller

    Member

  • Traders-Talk User
  • 1,140 posts

Posted 23 January 2022 - 03:40 AM

To me, NFTs blowing up were the ultimate bubble sign. Millions of dollars for a pic of a rock? $26 mil for some monkey art that was stolen from a 2001 Gorillaz album cover?  I figure some is just manipulation, since an NFT only needs one buyer to make it high in price, and a rich guy could just buy his own stuff, but it was still madness that a JPEG could go for a mansion + generational wealth.



#15 Rogerdodger

Rogerdodger

    Member

  • TT Member*
  • 26,863 posts

Posted 26 January 2022 - 01:26 PM

The most distressed sovereign debt in the world because of Bitcoin!

 

Beware of naked millennial presidents bearing bitcoin.

El Salvador, economists say, is learning that lesson the hard way. President Nayib Bukele — who dropped the mic this month on Twitter by claiming he trades his country’s cash for bitcoin on his phone while “naked” — oversaw the cryptocurrency’s adoption as legal tender 3½ months ago. Since then, its plunging value, the vice president of Moody’s credit-rating agency estimates, has cost the national treasury up to $22 million worth of precious reserves. The country’s bonds have tanked. Fears of diminished financial transparency, meanwhile, have stalled a vital loan deal with the International Monetary Fund, which urged El Salvador on Tuesday to drop bitcoin as legal tender.

“El Salvador now has the most distressed sovereign debt in the world, and it’s because of the bitcoin folly,” economist Steve Hanke told Fortune. “The markets think that Bukele’s gone mad, and he has.”