Bitcoin and Crypto Thread

It's down 9% today. So back to the same price you bought.
Its up and down all the time, if you wanted you could have cashed out the profits of the 9% increase, have a look at home much the Euro for example have lost its value to gold over the last 10-20 years, its been on a steady decline, Bitcoin has been on a steady incline for many years it actually has a very good track record, it could possibly go down to $65,000, ask El Salvador if their bitcoin long term investment was a loss
 
We can talk in circles all you want. My point is not trying to predict the price.

The same way you said you bought it for “cheap”, well, a day later is down 12%.

It might go up 1000% this year. We don’t know.
 
We can talk in circles all you want. My point is not trying to predict the price.

The same way you said you bought it for “cheap”, well, a day later is down 12%.

It might go up 1000% this year. We don’t know.
Yes we dont know but based on its track record for the past 7 years its done well, compare it to any fiat currency and its out performed them all. We also dont know the future of gold but I think we can say its stood the test of time by now and nobody questions it anymore, it has a track record thats thousands of years.

I once had a savings policy with a broker where I had to deposit money every month, i paid them for about 2 years, I stopped paying them for a few years and Im told because I missed my installments I no longer have access to MY MONEY, I also didnt have the option to cancel or cash out my funds before the policy ended. Guess what, with Bitcoin Im in direct control of my savings now and yes I know there are also other ways of investing money and controlling it yourself but I like the personal freedom and flexibility bitcoin offers, there are no penalty fees or some broker above me dictating what I can or cant do with MY MONEY.

I also had physical gold and my house was broken into and thieves stole it and when I actually had gold to sell I was only given 20% of the value of what it was worth so I lost out.

By the way I dont have my life savings in Bitcoin I only have what Im prepared to lose so its not a big deal if I lose it.
 
I also had physical gold and my house was broken into and thieves stole it and when I actually had gold to sell I was only given 20% of the value of what it was worth so I lost out.
probably because south Africa is a bannana Republic now. Years ago when I had to sell some physical gold I own I sold it for 98% of the retail price. In most countries gold has reasonably good liquidity but its clearly not the case for every country and it looks like in South Africa trading in gold is problematic, which is very surprising given that the South African Krugerrand is a top 10 (by sales volume) gold bullion coin globally and is well recognized so I would have thought you would have a liquid bullion market there.
 
probably because south Africa is a bannana Republic now. Years ago when I had to sell some physical gold I own I sold it for 98% of the retail price. In most countries gold has reasonably good liquidity but its clearly not the case for every country and it looks like in South Africa trading in gold is problematic, which is very surprising given that the South African Krugerrand is a top 10 (by sales volume) gold bullion coin globally and is well recognized so I would have thought you would have a liquid bullion market there.
I didnt sell the gold in South Africa I sold it in South America, it was an emergency
 
Trump just signed an executive order to establish a strategic bitcoin reserve:

https://www.reuters.com/technology/...n-reserve-white-house-crypto-czar-2025-03-07/

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Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve. The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it will not cost taxpayers a dime.

It is estimated that the U.S. government owns about 200,000 bitcoin; however, there has never been a complete audit. The E.O. directs a full accounting of the federal government’s digital asset holdings.

The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value. The Reserve is like a digital Fort Knox for the cryptocurrency often called “digital gold.”Premature sales of bitcoin have already cost U.S. taxpayers over $17 billion in lost value. Now the federal government will have a strategy to maximize the value of its holdings.

The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies have no incremental costs on American taxpayers. IN ADDITION, the Executive Order establishes a U.S. Digital Asset Stockpile, consisting of digital assets other than bitcoin forfeited in criminal or civil proceedings.

The government will not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings. The purpose of the Stockpile is responsible stewardship of the government’s digital assets under the Treasury Department. PROMISES MADE, PROMISES KEPT

President Trump promised to create a Strategic Bitcoin Reserve and Digital Asset Stockpile. Those promises have been kept. This Executive Order underscores President Trump’s commitment to making the U.S. the “crypto capital of the world.”

I want to thank the President for his leadership and vision in supporting this cutting-edge technology and for his rapid execution in supporting the digital asset industry. His administration is truly moving at “tech speed.”

I also want to thank the President’s Working Group on Digital Asset Markets — especially Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick — for their help and support in getting this done. Finally Bo Hines played a critical role as Executive Director of our Working Group.

This is pretty much what I predicted months ago. Trump just renames the existing seized Bitcoin owned by the U.S. government as the strategic reserve. No plans to acquire more except through "budget neutral strategies" with no taxpayer money being spent. Does this mean they intend to seize more through criminal asset forfeiture? How else can they acquire Bitcoin or other crypto without paying for it?

Will be interesting to see what comes out of the crypto summit tomorrow. This current EO seems like a pretty big let down for the Bitcoin community after some very high expectations.
 
How else can they acquire Bitcoin or other crypto without paying for it?
Its so easy for (((them))) to seize BTC, simply a stroke of a key. BTC is Big Brother's wet dream (which is why (((He))) created it)... I can't believe that men here need to be reminded that the entire goal is a cashless society and that playing the BTC gambling game plays right into Their hands and globohomo's stated objectives. (((Their))) biggest problem and fear is mattress cash, gold, and Amish style bartering (rare hard woods, heavy farm/building equipment, biodiesel production equipment, tools, organic food, raw milk, etc.) which means these are the 3-D real world assets and systems to invest in, adopt, and take possession of.

Get out now. Stop playing video poker games. Physical possession is 9/10ths of the law. A bird in the hand is worth two in the bush.
 
Chatgpt is doctored to shill hard for Bitcoin.

While in other subjects it tries to present both sides of the argument, with Bitcoin it leaves no doubt as to where its creators stand on this subject.
For those on this forum with some knowledge of Bitcoin they already understood this without Chat GPT saying it. The next closest crypto to Bitcoin is Etherium and they are centralized.
 
No plans to acquire more except through "budget neutral strategies" with no taxpayer money being spent. Does this mean they intend to seize more through criminal asset forfeiture? How else can they acquire Bitcoin or other crypto without paying for it?
Sell other assets at their choosing to buy the best one.
and that playing the BTC gambling game plays right into Their hands and globohomo's stated objectives.
People say this frequently, like you here, but how does this "play right into their hands" when they actively admit right now they don't like BTC (IMF, for example) because they can't/don't control it?

If you haven't noticed, we already had the makings of a cashless society long before "crypto" came along. For some reason we have to keep telling you guys that negative aspects of the "system" have already existed for decades (fiat, "digital" dollar, tracking, etc). It's bizarre and shows how irrational you are on this topic. What BTC does is gives you something that ISN'T in this system, the opposite of your claims. Care to address that? It's the lifeboat, if anything is.
 

Trump's Introduction:

"Thank you, thank you, folks, tremendous crowd here today, the best, nobody does crowds like me, believe me. We’re here to talk about something fantastic, something huge, something that’s gonna make your wallets great again—better than ever before. I’ve got a guy, a tremendous guy, nobody knows crypto like this guy, okay? He’s like Christopher Columbus, but with better hair and more luxurious scams—I mean, plans, tremendous plans.

Let me tell you about Carlos Matos, folks. Carlos—where’s Carlos? There he is, look at him, high energy, unbelievable energy, like me after three Diet Cokes, just unstoppable. Carlos comes from Bitconnect, which I hear—people are saying, and I don’t know, I’m not a tech guy, I’m a winner, but they’re saying it’s the greatest thing since Trump Tower. A coin, a digital coin, so beautiful, so shiny, it’s like my buildings but you can put it in your pocket—well, not really, it’s digital, but you get the idea, folks.

Carlos is gonna come up here, he’s gonna scream, he’s gonna shout, he’s gonna tell you, ‘WASSA WASSA WASSA,’ whatever that means—I don’t know, but it’s fantastic, it’s exciting, it’s like a rally but with more dancing. He loves it, I love it, we’re making money, we’re winning, it’s gonna be huge. Nobody does Ponzi—I mean, profits—like Carlos Matos. I said to him, I said, ‘Carlos, you’re like me, a genius, a visionary, but maybe less handsome, just a little, not much.’ He laughed, great guy, loves me, everybody does.

So get ready, folks, put your hands together, invest everything you’ve got—smart people are saying it’s a sure thing, the best thing, like Trump Steaks but for your computer. Here he is, the king of Bitconnect, Carlos Matos—take it away, Carlos, make America rich again!"
 
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