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Biden’s plan before Congress is gonna be laid out on Thursday. I’m selling Wednesday night or Thursday morning to buy back in after.
Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
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Flobee
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Asset DNA: Explaining Bitcoin’s Speculative Attack On The Dollar
The DNA that underpins bitcoin and the dollar sets these assets on diverging paths, creating incentive to borrow dollars and buy bitcoin.
bitcoinmagazine.com
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OU Ariakas
Diet Dr. Pepper Enjoyer
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Asset DNA: Explaining Bitcoin’s Speculative Attack On The Dollar
The DNA that underpins bitcoin and the dollar sets these assets on diverging paths, creating incentive to borrow dollars and buy bitcoin.
This sounds true *in theory*; however, in practice you are going to have real problems explaining how BTC can become the reserve with no guarantee of long term stability.
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Flobee
Vyemm Raider
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No guarantees in life. Not about Bitcoin nor USD. We'll see
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OU Ariakas
Diet Dr. Pepper Enjoyer
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Guys, I understand the sentiment but you keep hedging these statements by talking about the weakness of the USD as the reserve currency with literally no supporting evidence. There is no guarantee about the USD....except that there is nothing that comes close to meeting the functional requirements of replacing it for the world reserve. Sure, there are probably hundreds of countries that would like to see the USD replaced but there is nothing now or in the foreseeable decades that can threaten its standing. We can have the conversation but it cannot be all hyperbole and conjecture.
LachiusTZ
Rogue Deathwalker Box
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I dunno man, go read the politics thread for the past 2 years, it's scattered in there.
The weakness is our inability to quit printing dollars, or easing, or buying up shitty vanguard securities at 115% of principle.
If you think the dollar is strong, I don't really know where to even start.
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OU Ariakas
Diet Dr. Pepper Enjoyer
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I think I've been pretty consistent in saying that I don't think it is strong taken on its own, I think that it is fucking ultra strong when it is compared to every single other option the world could possibly consider. So the real conversation is the relative strengths and weaknesses of those other options.
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OU Ariakas
Diet Dr. Pepper Enjoyer
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Rajaah
Honorable Member
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This could be a large swing. If his plan isn't as bad as expected, it isn't like the market is going to jump up either. Not a lot of risk in this play, I bet.
I know you're out for swing trades instead of holding. Is there a point where you'd go "this is worth a hold" with VET and would leave something in it? Like if you can get in at .11 or something crazy like that, it could be quite a multiplier over time.
It's above my buy-in average right now so I'm considering selling today in advance of any pre-emptive selling that happens tomorrow. We'll see. Could be looking at a humongous buy-back on Friday plus more money going into it on top of that. Best case scenario my VET total doubles by next week? It's possible.
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If I got into VET at 0.11 on a limit buy, then yeah , I'd just leave it. That's what I was actually hoping for on Sunday again, and I missed it touching 15s again. I'm up around $7k since Sunday, and I easily could have been up $15k but I didn't time the bottom very well and bought as it was rising around 4 PM PST.
I sold VET again, and I'm currently up $2k on chainlink today. I think I'll stay in Chainlink until tomorrow and sell ahead of Biden's speech (which is Wednesday night, correction to the earlier post.)
Flobee
Vyemm Raider
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If you don't see the issues then nothing I post here is going to fix that for you. You're gunna need to put the work in to understand how our current monetary system works and why it is at risk. I post stuff that touches on this concept constantly. Feel free to go back and look if you're so inclined. Things like the below are informative but if you're not tracking on the core thesis behind why the fiat system is an issue you're not going to understand. Nothing I can do to fix that for you except point out you need to do the work.
TFTC – Truth for the Commoner
Curated content that surfaces truth and provides actionable advice in a world filled with gaslighting and complaining.
tftc.io
I wish I could just lay it out in some digestible format for you to understand, but there are just too many moving parts. You're comfortably in the majority believing that everything is going to be fine for what its worth. We're all probably better off if you're right
Kiroy
Marine Biologist
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his speech may get priced in early - i'd probably sell tonight or tomorrow morning if that's your play.
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Fadaar
That guy
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i'm eyeballing that ETH jump right now and restraining myself from dumping in hopes of picking up an extra coin or two from the profits tomorrow
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Agreed, was already thinking of it. Actually my finger is on the trigger right now. I see prices stagnating at the moment.
Flobee
Vyemm Raider
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Turkey's Central Bank will be holding Bitcoin. Nation states are now in play
www.bloomberg.com
Turkey Cryptocurrency Exchange Bust Spurs Move for Regulation
Turkey is planning to regulate its cryptocurrency market after two local exchanges crumbled within days.
www.bloomberg.com
Kiroy
Marine Biologist
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