Bitcoin price suddenly surges to 3-year high

R-T-B · Jan 26, 2021

lynx29 said:
I don't think Yellen cares what you think.

They are supposed to represent the public, so I think they do, but we'll see what people really say when it's discussed.

Space Lynx · Jan 26, 2021

R-T-B said:
They are representitives, I think they do, but we'll see what people really say when it's discussed.

Oh, you picked and voted for Yellen?

R-T-B · Jan 26, 2021

lynx29 said:
Oh, you picked and voted for Yellen?

No of course not, but make no mistake, they still represents the will of the people. In theory.

dgianstefani · Jan 26, 2021

The only thing they represent is the will of people who are wealthy.

R-T-B · Jan 26, 2021

dgianstefani said:
The only thing they represent is the will of people who are wealthy.

Matter of opinion, that. I say wait and see.

dgianstefani · Jan 26, 2021

I'm saying this as someone who is wealthy. Plenty of things are done to signal that these politicians are in it for the people, and indeed some certainly are, but they don't win the top leadership slots, if they happen to, their peers keep them from changing much, if at all.

Money is the only currency that matters to these people, and they'll say anything to get into a position where they can influence it's flow. This has been repeatedly demonstrated through looking at campaign promises and actual decisions made by past appointees.

I understand that this is generalised, and more accurate for the presidential role than specialised roles such as treasury.

R-T-B · Jan 26, 2021

Again, time will tell.

AsRock · Jan 26, 2021

lynx29 said:
During a U.S. Senate hearing on Tuesday, Janet Yellen, President Joe Biden’s pick to head the U.S. Treasury, expressed concerns that cryptocurrencies could be used to finance illegal activities.

That followed a call last week from European Central Bank President Christine Lagarde for global regulation of bitcoin.

Bitcoin heads for worst weekly loss in months

Bitcoin wavered on Friday and was heading toward its sharpest weekly drop since September, as worries over regulation and its frothy rally drove a pullback from recent record highs.

www.reuters.com

and Bitcoin's price just tumbled hard, and will continue to fall over next few months, as I predicted from the beginning

note the bold print. China is also on board with this from what I have read as well. it will take awhile, but the fact Yellen mentioned on day 1 means quite a lot.

Don't get me wrong, don't like crypto either but you can use a car to run some one over or a knife to stab some one too.

trog100 · Jan 27, 2021

well.. i will just keep hodling away and see what happens.. for obvious reasons i would love to see crypto shoot for the moon but if it dosnt i wont shed that many tears..

trog

lexluthermiester · Jan 27, 2021

According to Coinranking.com, things are still showing drops. 7 day trend is interesting.

trog100 · Jan 27, 2021

coinranking is the site i use to keep an eye on whats going on.. its definitely showing a reluctance to going up again..

they say the big players are accumulating it and the weak players losing it.. the number of whales is growing.. a whale being defined as any address that holds more than 1000 bitcoin..

all i can say is the whales wont get their hands on any of mine.. he he...

i dont have much but what i do have i am hanging on to..

trog

Super XP · Jan 27, 2021

The BTC price is being manipulated on purpose.
Has been like this for some time now.

dgianstefani · Jan 27, 2021

trog100 said:
coinranking is the site i use to keep an eye on whats going on.. its definitely showing a reluctance to going up again..

they say the big players are accumulating it and the weak players losing it.. the number of whales is growing.. a whale being defined as any address that holds more than 1000 bitcoin..

all i can say is the whales wont get their hands on any of mine.. he he...

i dont have much but what i do have i am hanging on to..

trog

Exactly. Happens everytime there's a big increase in the price, everyone buys, then price drops, so they sell and whales buy. Too many braindead people buying for profit in the short term.

R-T-B · Jan 27, 2021

Super XP said:
The BTC price is being manipulated on purpose.
Has been like this for some time now.

So is the stockmarket, just visit /r/wallstreetbets

Super XP · Jan 27, 2021

R-T-B said:
So is the stockmarket, just visit /r/wallstreetbets

The difference is Crypto is unregulated. So whales easily manipulate Crypto.

kayjay010101 · Jan 27, 2021

R-T-B said:
So is the stockmarket, just visit /r/wallstreetbets

I like this stock
edit: my rocket ship emojis don't work

trog100 · Jan 27, 2021

governments are creating money like crazy.. this freshly created money ends up in the hands of the rich.. the rich bung it in the stock market.. its all fake.. but the rich get richer and the poor get poorer..

the end result will be massive social unrest..

having said that goverments know this and will soon have to do air drops of free money to the poor.. the poor wont bung it in the stock market they will simply spend it.. this will cause massive inflation and more social unrest..

trog

ps.. what will crash first.. the stock market or the price of bitcoin.. i recon the stock market but i could be wrong.. he he

p2.. how it works.. the rich get interest free loans.. they use this free money to ether buy back their own stock and artificially inflate the price.. or simply buy stocks in general.. this free money has artificially inflated the stock market.. it all looks good but its all fake.. it wont end well..

kapone32 · Jan 27, 2021

dgianstefani said:
The only thing they represent is the will of people who are wealthy.

You mean the last administration. Regardless of the spin the republicans have done more to hurt America than help it. Just look at the fact that America has the highest number of Covid cases period. The republicans are responsible for what happened on Jan 6 not just from before but they way they have responded since. As a Canadian I always laugh when I hear some US politician or pundit say that having public health care is akin to Socialism or Communism.

trog100 · Jan 27, 2021

currently everything is in the red.. the stock market and crypto.. this could be the beginnings of a general sell off.. the next few days will tell...

trog

ZenZimZaliben · Jan 27, 2021

kapone32 said:
You mean the last administration. Regardless of the spin the republicans have done more to hurt America than help it. Just look at the fact that America has the highest number of Covid cases period. The republicans are responsible for what happened on Jan 6 not just from before but they way they have responded since. As a Canadian I always laugh when I hear some US politician or pundit say that having public health care is akin to Socialism or Communism.

That's how you measure it...by COVID Cases...LOL. Okay. Can we please try to keep politics out of this sub except at the global/market/inflation level or policies by countries that will effect crypto at a global scale, you know what the entire thread is about.

R-T-B · Jan 27, 2021

ZenZimZaliben said:
That's how you measure it...by COVID Cases...

It's as good a metric as any you want to pick at, but I agree we've been getting too political so its best we just stop picking at the "other" side all together. Let stick to the charts, gentlemen.

ThrashZone · Jan 27, 2021

Hi,
Yeah then just try and figure out how many died from covid and how many car crash deaths/.... were just counted as covid deaths because hospitals get paid for covid tags.

R-T-B · Jan 27, 2021

Super XP said:
The difference is Crypto is unregulated. So whales easily manipulate Crypto.

Regulation isn't happening on reddit, believe me. Regulation is losing the battle at this point, on both fronts.

ThrashZone said:
Hi,
Yeah then just try and figure out how many died from covid and how many car crash deaths/.... were just counted as covid deaths because hospitals get paid for covid tags.

Less political content, not more.

wolf · Jan 28, 2021

Anyone checked their memory junction Temps on Ampere cards or would otherwise like to weigh in on how hot they get? Really debating what I'm willing to put up with temp wise...
Is junction a single Hotspot (the hottest like on Radeons that reports super hot ) or is it indicative of all chips Temps etc.

Space Lynx · Jan 29, 2021

dogecoin is the future, bitcoin is fail sauce, some are saying it will hit $1... if you bought in earlier today at .007 lmao..... the profits will be insane. this whole thing is insane.

dogecoin is up 500% and no end in sight. lmao... wth is going on

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Bitcoin price suddenly surges to 3-year high

R-T-B

Space Lynx

Astronaut

R-T-B

dgianstefani

TPU Proofreader

R-T-B

dgianstefani

TPU Proofreader

R-T-B

AsRock

TPU addict

Bitcoin heads for worst weekly loss in months

trog100

lexluthermiester

trog100

Super XP

dgianstefani

TPU Proofreader

R-T-B

Super XP

kayjay010101

trog100

kapone32

trog100

ZenZimZaliben

R-T-B

ThrashZone

R-T-B

wolf

Better Than Native

Space Lynx

Astronaut

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