Why Scared Money Don’t Make Money | Metals Mine

  • Why Scared Money Don’t Make Money

    From newtraderu.com

    The phrase ‘Scared money don’t make money’ is used in many ways by diverse people from the Hip Hop community to the trading and investing world but what does it really mean? People that are too afraid to take on risks in business, life, and financial markets are unlikely to make money because rewards only come from taking risks. If you take no risk on your capital there will be no returns on your capital. Even if a person wants to invest or trade their money they can be very afraid of losing it. A person has to be able to put their money on the line for their beliefs in a company or a trading position to even ... (full story)

Comment Options
OnlineAddict
Mar 5, 2020 2:47am
Permalink
Quoting Skywalker84
not getting into this Bitcoin discussion, but assuming one thing: Imagine central banks printing more and more money, as global outlook and everything keeps worrying, they dont have many choices. In a real black swan scenario, cash would be trash literally so there could be a certain moment when people start buying Bitcoin like lunatics. Imagine. Of course Gold etc would be a better buy, but I m just saying it aint impossible, that Bitcoin will see another high. Not wanna discuss Bitcoin in general, but it could be an opportunity to buy Gold if...
Trust me, if there is ever a crisis of such huge proportions, nobody will buy bitcoin. That thought alone is so funny, I can barely hold it together.
Reply
TudorIoan
Mar 4, 2020 10:52pm — Edited
Permalink
Quoting Not-KPMG
Been hearing smart people piss on bitcoin forever, ...FOREVER !!! but I'm too stupid to understand why
People piss on bitcoin because bitcoin is a cesspool
A cesspool of obsessed lunatics that swim 24/7 in their own stinking shit, ...just look at this Nox-Koko-Jumbo crook !!
Reply
here2there
Mar 4, 2020 11:20pm
Permalink
Quoting TudorIoan
{quote} People piss on bitcoin because bitcoin is a cesspool A cesspool of obsessed lunatics that swim 24/7 in their own stinking shit, ...just look at this Nox-Koko-Jumbo crook !!
People are making a significant amount of money trading Bitcoin. More so than in the Forex market.

But yes, the crypto market is very shady! I wouldn't advise anyone to invest in it long term. But trading it could prove to be profitable if you know what you are doing. It could also make you lose all your money in a single sweep if you don't know what you are doing.

In other words, it's high risk.
Reply
RossEdwards
Mar 5, 2020 2:27am
Permalink
For Information:

BoE Governor Andrew Baily : “There’s no guarantee of the value of Bitcoin… If you want to buy Bitcoin, be prepared to lose all your money. If you want to buy it, fine, but understand what you’ve got. It has no intrinsic value. It may have extrinsic value but it has no intrinsic value. That’s one point. It hasn’t caught on.”

BIS Quarterly Reiew March 2020: .... Digital assets or cryptocurrencies provide other channels for cross-border
payments.... recent study estimates that around $76 billion of illegal activities per
year involve Bitcoin (Foley et al (2019)). Additionally, an industry group that follows
crypto-exchange compliance with AML/CFT standards finds that roughly 97% of
direct Bitcoin payments from identifiable criminal sources have been received by
unregulated cryptocurrency exchanges (CipherTrace (2018)).

Links: https://www.bbc.com/news/business-42360553
https://www.bis.org/publ/qtrpdf/r_qt2003.pdf
https://dailyhodl.com/2020/03/04/cen...l-their-money/
Reply
Not-KPMG
Mar 4, 2020 9:07pm
Permalink
And the old lies

Ohh the fun
Old times. Read , laugh at educated crybabies morons!

“Why bitcoin will fail” – Apenwarr | $3.12 Yes 3 bucks

https://99bitcoins.com/why-bitcoin-will-fail/

Like the gold standard, a successful bitcoin would send our economy back into the dark ages. . .

https://99bitcoins.com/wp-content/uploads/2010/12/bitcoin-obituary-351x185.png

“Why Bitcoin can’t be a currency” – The Underground Economist | $0.23 Yes bitcoin was under 1 dollar
https://99bitcoins.com/why-bitcoin-cant-be-a-currency/
Reply
TudorIoan
Mar 5, 2020 6:21am
Permalink
Quoting Not-KPMG
{quote} I lie about bitcoin because I need stups to buy to make me rich
You always lie, McAfee always lie, Ignatova always lie,
Reply
GillyFX
Mar 5, 2020 11:56am
Permalink
Did you try Valium....? Or maybe in conjuntion with Melatonin. It helps give you the right view on the Bitcoin...
Reply
GillyFX
Mar 6, 2020 10:35am
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Quoting TudorIoan
This NK crypto imbecile is definitely on crack.
Haha, I was about to text the same but you named it...something like that. !!
Reply
Not-KPMG
Mar 4, 2020 9:05pm
Permalink
Blaaaaaa

Been hearing morons piss on bitcoin forever

Ohh hello Forpos....
Biggest lies again about Bitcoin??

Bitcoin dead no???

Liars website no??
https://www.forbes.com/sites/timworstall/2011/06/20/so-thats-the-end-of-bitcoin-then/

LOL.
Reply
TudorIoan
Mar 5, 2020 12:42am
Permalink
Quoting here2there
{quote} People are making a significant amount of money trading Bitcoin. More so than in the Forex market. But yes, the crypto market is very shady! I wouldn't advise anyone to invest in it long term. But trading it could prove to be profitable if you know what you are doing. It could also make you lose all your money in a single sweep if you don't know what you are doing. In other words, it's high risk.
All true !
Reply
TudorIoan
Mar 5, 2020 3:00am — Edited
Permalink
Quoting Skywalker84
not getting into this Bitcoin discussion, but assuming one thing: Imagine central banks printing more and more money, as global outlook and everything keeps worrying, they dont have many choices. In a real black swan scenario, cash would be trash literally so there could be a certain moment when people start buying Bitcoin like lunatics. Imagine. Of course Gold etc would be a better buy, but I m just saying it aint impossible, that Bitcoin will see another high. Not wanna discuss Bitcoin in general, but it could be an opportunity to buy Gold if...
As traders we trade anything moves in the market. Rats, lizards, rabbits, tulip bulbs... If pigs fly, we'll trade flying pigs. Long live the free market ! Period on that.

But this bitcoin thing has the characteristics of a fiscal paradise ...they just can't legitimate such a scam !

Explain..
The moment you buy bitcoin, your real money becomes a code (3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy)
That particular code is not linked to anyone's personal identity, nor location, ...amount !
That code is visible for everyone, but the person is not, nor the location, nor the amount.
The money ownership simply vanishes away off the grid like magic ! But you still have the control.

Basically your dollar gets into a black box which filters out the ownership and it can get out who knows where, by who (you pick), and at what far end of the box ...only you have the control. Everyone can see the code, but only you can control it.
Sure it feels good for Joe ... but there are some big negative consequences at the global scale.

You don't have to be an expert to understand that fading ownership is the perfect tool for money laundry and hide illicit earnings from guns, drugs, randsome, human trafficking, terror, inside trading, capital manipulation, tax evasion....

Central banks and regulators are not against bitcoin because it means fiscal freedom.
Central banks and regulators are against bitcoin because it's the perfect tool for crime.
Reply
OnlineAddict
Mar 5, 2020 3:24am
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Quoting TudorIoan
That particular code is not linked to anyone's personal identity, nor location, ...amount !
It actually is not as anonymous as people think. It can be tracked down to a specific person. Everything we do with the help of an internet connection, can be tracked down. But its not easy and not cheap...nobody will bother going after people hiding couple thousand dollars that way.
Reply
TudorIoan
Mar 5, 2020 3:41am — Edited
Permalink
Quoting OnlineAddict
{quote} It actually is not as anonymous as people think. It can be tracked down to a specific person. Everything we do with the help of an internet connection, can be tracked down. But its not easy and not cheap...nobody will bother going after people hiding couple thousand dollars that way.
- True buddy, but I'm not talking about the law enforcement means. It was only basic principles.

And there are those harware wallets, you don't need internet to buy things in bitcoin.
You stick your cash into the crypto ATM, load satoshi on yo'wallet, pay your coffee at the coffee shop around the corner ...BAM, no link, no internet (you-IP), no trouble ....bye-bye, uncle Charlie !

But long distance transfer, maybe yes. You need a fkn Ip... but you can pick up from so many

- I'm not talking about the blockchain interface to user either.
Mining ogre plants, exchanges-wallets are the blockchain interface ...they are the new third party, dirtier than the central banks, untrustful, dirty, corrupted, vulnerable, easy to hack, to clone...

But this is not cryptocraft section ...if anyone have time to waste, more crypto details there...
Reply
TudorIoan
Mar 5, 2020 3:47am
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Quoting AnniLi
I'm long lizards. I'm impressed with the deep sense of calm intelligent analysis which permeates the above contributions. 2008 - USA inspired global financial crisis which destroys money markets (i.e. markets where the price of money is determined by 'free markets' - many buyers many sellers to perfect competition and no need for interventions, carry forward broken money markets and low efficiency of monetary policy. 1990s and onwards - globalisation on a scale and speed never before experienced and powerful enough to support/lift the ailing developed...
We all know there is something wrong with the current monetary formula... but... crypto is not the solution !
See about deflationist effect if limited supply of the referential value item ? A break for the economy ? Yeah!
Reply
TudorIoan
Mar 5, 2020 4:27am — Edited
Permalink
Quoting AnniLi
{quote} I appreciate this contribution because it creates a distincition between a tool and the mis-use of a tool. It is the same argument as the right to own guns of all sorts because the constitution (written when guns were slightly more powerful than bows and arrows) now allows guns which can kill 100 people in 5 minutes, and you have legal nuclear capability of killing 10 million people with one bullet but only you will not mis-use it. We would make a hammer illegal if it was used to beat people over the head? Or would it not be sensible to...
Wrong. Overall conclusion is that even a crypto fiscal paradise it wouldn't be a problem ...but only if you will not mis-use it
Reply
TudorIoan
Mar 5, 2020 4:34am
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Quoting AnniLi
{quote} I have no doubt that cryptocurrencies would work fine.
How can you say that without knowing anything about:
1 - scalability (transactions speed),
2 - sustainablility (total energy involved in mining and transactions if high rate global adoption),
3 - transparency (owner's identity hidden),
4 - safety (dirty and vulnerable interface, ...wallets-exchanges, miners),
5 - economic hazard (deflationist effect, a break for the free economy)

...people who know nothing about crypto fundamentals have no doubts
Reply
TudorIoan
Mar 5, 2020 4:44am
Permalink
Quoting TudorIoan
{quote} How can you say that without knowing anything about ...people who know nothing have no doubts
Scared Money Don’t Make Money ...Bold Sufficiency Money Don't Make Money either
Reply
Not-KPMG
Mar 5, 2020 6:12am
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Quoting Skywalker84
not getting into this Bitcoin discussion, but assuming one thing: Imagine central banks printing more and more money, as global outlook and everything keeps worrying, they dont have many choices. In a real black swan scenario, cash would be trash literally so there could be a certain... ...

Correct. 👍👏👏

Sheeple don't realize that.😱😨😭

I buy bitcoin because Paper trash is trash. 😱 👏👏

That's why Bitcoin started 👏
Reply
TudorIoan
Mar 5, 2020 6:14am
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Quoting Not-KPMG
Oh hii I was busy. Missed interesting Discussion Now. All people except two are on ignore so no idea what crybabies are crying
Oooo, there you are, the baby who whimper every day about the global order ...bubuu, baaaa, wah, waaah, yeah, the world is wrong, blaaa, blaaa ...YOU are wrong
Reply
TudorIoan
Mar 5, 2020 6:16am
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Crypto wannabe imbeciles buy bitcoin because they dream they will get rich if the bubble will keep swelling like a baloon ...but that will happen only if the other stupid guy will buy more ...and more

Those big mouth crypto crooks have a lot to lose if you dont buy this bitcoin trash Ponzi scheme
Reply
Not-KPMG
Mar 5, 2020 6:18am
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Quoting RossEdwards
For Information: BoE Governor...
.. recent study estimates that around $76 billion of illegal activities per year involve...

....finds that roughly 97% of
direct Bitcoin payments from identifiable criminal sources hav
Nope.

Few things - politicians ALWAYS lie.😨😨

2. What's mean 🙉🐒🐒involved??

I'll post a reliable link later...

3. These 97%. 😱😱
How much???

Totally crypto moves trillions . Duhhhh

If 76 billions have some dirt.... That's ONE PERCENT .🙉🙉👏

These 97% are lie connected to lie.

😱😱😱😂

These liars don't say the FRACTION Of ALL .

Poor liars 😂😂😂👎👎
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Not-KPMG
Mar 5, 2020 6:19am
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Ohhh noooo

Liars!!!!

Ban the BANKS 😱😱😨😨😨👏

chief ChristineLagarde 😱😨😨has been convicted over her role in a controversial €400m (£355m) payment to a businessman. French judges found MsLagardeguilty 😱😱
Reply
Not-KPMG
Mar 5, 2020 6:20am
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The big lie

this is video of moron with his brainless lies exposed about Bitcoin. Dirty government trash is good in liar's land 😱😱😂


https://www.reddit.com/r/Bitcoin/comments/f5pp4d/so_you_say_cash_was_never_laundered_hmm/
Reply
Not-KPMG
Mar 5, 2020 6:22am
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And as promised.

Criminals???

Read and BEWARE of Bitcoin's TRACEABILITY 😱😱😱👍👍

https://medium.com/in-bitcoin-we-trust/using-bitcoin-for-illicit-purposes-is-harder-than-using-u-s-dollar-6bec1ab45355

In reality, Bitcoin transactions to accounts known to be involved in illegal activities represent only 1% of the total volume of Bitcoin transactions.

It’s too much, but it’s not that much when you put these numbers into perspective like I’m going to do.
😱😱😱😱

2% of fiat money so endless billions actually 2 TRILLIONS dollars are used in money laundering ,drugs etc👎👎👎👎

I know a liar, said Biiiitcoin 50% cryyyyy 😂😂
Reply
Not-KPMG
Mar 5, 2020 6:26am
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Ohhhhh bitcoin very big jump?? 😱

Our thread...


And English political guy said:
🙉🙉🙉👏👏

HERE'S LITTLE to chew 👏👏😨👏
commissioner, Mr. president, I rise again, I'm afraid to make the same old hoary speech here for several years, and that it is: It is my opinion that you do not really understand the concept of banking. All the banks are broke, ... Bank Santander, Deutsche Bank, Royal Bank of Scotland – they are all broke. And why are they broke? It isn't an act of god, it isn't some sort of tsunami, they are broke because we have a system called 'fractional-reserve banking', which means that banks can lend money that they don't actually have. It's a criminal scandal and it's being going on for too long. To add to that problem, you have moral hazard, a very significant moral hazard from the policital sphere. And most of the problems starts in politics and central banks, which are part of the same political system. We have counterfeiting, sometimes called 'quantitative easing', but counterfeiting by any other name: The artificial printing of money, which of any ordinary person did, they would go to prison for a very long time. And yet governments and central banks do it all the time. Central banks repress the amount of interest rates, also we don't have the real cost of money and yet we blame the retail banks for manipulating LIBOR. The sheer effrontery of this is quite astonishing. It's central banks. It's central banks, that manipulate interest rates, commissioner. And plus underneath all this we talk loosely, in a rather cavalier-fashion do we not, about deposit guarantees. So when banks go broke through their own incompetence and chicanery, the tax-payer picks up the tab! It's theft from the tax-payer. And until we start sending bankers, and I include central-bankers and politicians, to prison for this outrage, it will continue!
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TudorIoan
Mar 5, 2020 6:28am
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Crypto Nox-Koko-Jumbo imbeciles don't understand INSTITUTIONS !
Hey, the central banks also rise rates imbecile ! And the origin of the printing money is YOU the greedy stupid consumer
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Not-KPMG
Mar 5, 2020 6:28am
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...

Bitcoin was one dollar... 😱
Was ten...🙉😱
Hundred bucks... 👏😨

9100 now...😱💰
...

Wonder why??

don't be like Greg 😱😱😨

https://www.cryptocraft.com/showthread.php?p=12789141#post12789141

our thread 😱👏
Reply
TudorIoan
Mar 5, 2020 6:31am — Edited
Permalink
Miners, exchanges, the new third party, they're dirtier than the central banks, untrustful, corrupted, vulnerable
...if the estabilishment is corrupted ...loan sharks and crypto whales are angels and Tooth Fairy !!! ??? !!!
Woah, how stupid stupid is that !!
Reply
TudorIoan
Mar 5, 2020 6:34am
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Quoting Not-KPMG
... Bitcoin was one dollar. Was ten.. Hundred bucks... 9100 now ... Wonder why??
Why ??? Why ?? Because bitcoin is The Global Stupidity Index ...sure it grows ...because hate and stupidity never die
Look at you ...still alive ?
Reply
TudorIoan
Mar 5, 2020 6:40am
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The face of the people who dont understand value, money, economy, INSTITUTIONS !
Terminated brains, anti-system Nox-KPMaGGots psychos...
Look, there is your face Maggot ! Duhhh!
Attached Image
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Not-KPMG
Mar 5, 2020 10:24am
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In our SMART thread.

Charts info...

Dear all
Come, click here, pay tribute to Bitcoin 😱😱😨🙉😱
Bitcoin that's NOT very much QUITE fully DEAD yet 😱😂😂

https://www.cryptocraft.com/attachment.php?attachmentid=3566797&d=1582978153
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Not-KPMG
Mar 5, 2020 5:22pm
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Quoting GillyFX
Did you try Valium....? Or maybe in conjuntion with Melatonin. It helps give you the right view on the Bitcoin...
Hmmm?

Va-li-um???

Valium....... Let me check my phone...
Reply
Not-KPMG
Mar 5, 2020 5:30pm
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Quoting GillyFX
Did you try Valium....? Or maybe in.. right view... . cok...
Hmmm?

Valium...? .. Is that your mother?


Yes I believe I tried your mother.... Twice.!! Not great fit, no long term

BTW your mom is much more proactive than you. She accepts Bitcoin.
All in a price list, nice.

And she's flexible too
Ask when she's free again?
😂
Valium ! I wonder why she told you... 🤔
Are you sure it's your mom? I'm not THAT sure...

But great woman, I called her VAL.... . Memories 😁😂

She called me BIG 😲😲🐒👍

I had nice computer then and a big disk. She liked that 👏👏👍😁😂
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Not-KPMG
Mar 5, 2020 5:32pm
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Ohhhh
I'm soooo sorry.

Please forgive me, I have no idea what came onto me.... Maybe it was your m...... but unlikely

I apologise for the confusion and if I misjudged your mother I'm soooo sorry.

Let me say it clear and loud and sorry for ANY MISUNDERSTANDING before : Your Mother DOES NOT accept Bitcoin


Off my chest Relaxed now
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Not-KPMG
Mar 5, 2020 5:48pm
Permalink
Quoting OnlineAddict
{quote} Trust me, if there is.... , I can barely hold it together.
Ohhh bubula

I trust you

Hold on....

That was 2-3 years ago....

Remember!?
Quoting OnlineAddict
{quote} Yes, there will be 1.45,

I never said a 1500 pip move would come soon, I am not trading demo like you.

It may take months or a year, I don't really care,
I will keep buying the dips and...
Blaaaa...
Lies too..... +1:
LOL

WHEN 1.45 ???

Great wise Onlinus Longus!!!
Reply
TudorIoan
Mar 6, 2020 12:29am — Edited
Permalink
Scared Money Don’t Make Money, partially true, prudent investment even if low profit rates was proved wise many times ...rather than going all-in and lose everything in a risky bet.

Also Bold-Irresponsable-Idiotic-Risk-Money Don't Make Money ! High risk means almost gambling.
Only the top of the iceberg gets lucky ...the gross army of losers always remain invisible, nobody is talking about them. Because people loves glamour, success, ...not losers.. but those many losers are there for real

Bitcoin for instance, is a high risk asset.
Remeber folks, investing big in a high risk asset is like running with a burning match through a dynamite factory. You may live, ...or you may not.
But even if you will make it in the end, you're still a fkn idiot !! you're among the 5% now?...but could lose everything !
Reply
TudorIoan
Mar 6, 2020 3:13am
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Quoting Not-KPMG
charts etc... Our thread https://www.cryptocraft.com/showthread.php?p=12776978#post12776978 Not advice to sell My explanation there too.
Your thread doesn't explain anything about bitcoin.
Your thread is only whimper and rants against the establishment and fallacies about the crypto crooked industry.
Reply
TudorIoan
Mar 6, 2020 11:32pm
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Quoting Not-KPMG
charts etc... my stupid thread, my lies there too.
Your thread doesn't explain anything serious about bitcoin. There's nothing but stupid monkey mockery and ranting against the establishment.
Reply
TudorIoan
Mar 7, 2020 10:35am
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Bitcoin is not a currency. Bitcoin is like any casino chip, useless outside the casino

And yes, the Bitcoin Casino domain is that cesspool filled with fools and lunatics who waste real dollars for some sort of teenager utopia ...pathetic
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2dollardog
Mar 5, 2020 5:55am
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Crypto is fine in so much as the governments don't install a different monetary system. And they will. When they do, they're certain to make everything else defunct as much as possible. they are MILES ahead. They don't like competition among their thievery.
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GillyFX
Mar 6, 2020 10:42am
Permalink
Quoting Not-KPMG
Ohhhh I'm soooo sorry. Please forgive me, I have no idea what came onto me.... Maybe it was your m...... but unlikely I apologise for the confusion and if I misjudged your mother I'm soooo sorry. Let me say it clear and loud and sorry for ANY MISUNDERSTANDING before : Your Mother DOES NOT accept Bitcoin Off my chest Relaxed now
Sorry, It could not been my mother, she has been gone and in a better place for many years, so maybe it was your own mother, or older sister….and you just mixed it up. It is easy to be wrong in this fast turning world. And BTW: I was wrong on the diagnosis. I strongly advise to try 10 mg with Arsenic, no sorry again, I meant 10 gr. I think that will calm you down....
Reply
Not-KPMG
Mar 4, 2020 9:06pm
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You should trust banksters liars

https://www.cryptocraft.com/showthread.php?p=12782747#post12782747
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Not-KPMG
Mar 5, 2020 6:10am
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Oh hii

I was busy.
Missed interesting Discussion 😱😱😱👍👍

Now.
All people except two are on ignore so no idea what crybabies are crying 😂😂😂
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TudorIoan
Mar 5, 2020 6:23am
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Bitcoin is the perfect tool for crooks !
Attached Image
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Not-KPMG
Mar 5, 2020 6:24am
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And above disgusting paper trash, 2 TRILLION is just the visible crime..

🙉🙉🙉

Yes

Your government steals your assets by inflation 😱😱😨😭😭😭

Read
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TudorIoan
Mar 5, 2020 6:26am
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This is what bitcoin was created for !
Attached Image
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TudorIoan
Mar 5, 2020 6:49am
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Quoting Not-KPMG
Ohhhhh bitcoin very big junk
Errr, excuse me, ...is this your revolution, moron ?
Attached Image
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Not-KPMG
Mar 5, 2020 10:23am
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Not-KPMG stretches and checks price.

Near 9200 dollars Bitcoin. 👏👏🐢💰

Stocks etc red 😱😱😨😨
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Not-KPMG
Mar 5, 2020 5:39pm
Permalink


Needless to say I identified a crybaby, put on ignore, never to bother again.

Good option
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TudorIoan
Mar 6, 2020 12:07am
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This NK crypto imbecile is definitely on crack.
Reply
Not-KPMG
Mar 6, 2020 2:48am
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charts etc...

Our thread
https://www.cryptocraft.com/showthread.php?p=12776978#post12776978

Not advice to sell
My explanation there too.
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Not-KPMG
Mar 6, 2020 3:01pm
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I don't read stupid
Reply
TudorIoan
Mar 6, 2020 11:26pm
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Quoting Not-KPMG
I don't read stupid
How do you know it's stupid if you don't read it, moron ?
Reply
Not-KPMG
Mar 7, 2020 10:20am
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Still don't read stupid
Reply
Not-KPMG
Mar 7, 2020 10:21am
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FED crooks
Attached Image
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TudorIoan
Mar 7, 2020 10:36am
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Crypto morons don't understand economy.
They think economy is like pure maths
Horse eye obsessed geeks ...sterile brain wankers !
Reply
GillyFX
Mar 5, 2020 5:46am
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Interesting discussions…...
And I bought some Lotto tickets….I heard some made a lot(to) on that…..And I also will receive soon USD 10 mill USD from a Nigerian broker. It is true....he told me so.
Reply
Skywalker84
Mar 5, 2020 1:56am
Permalink
not getting into this Bitcoin discussion, but assuming one thing: Imagine central banks printing more and more money, as global outlook and everything keeps worrying, they dont have many choices. In a real black swan scenario, cash would be trash literally so there could be a certain moment when people start buying Bitcoin like lunatics. Imagine. Of course Gold etc would be a better buy, but I m just saying it aint impossible, that Bitcoin will see another high. Not wanna discuss Bitcoin in general, but it could be an opportunity to buy Gold if you sell in the crisis... :O
Reply
AnniLi
Mar 5, 2020 3:31am
Permalink
I'm long lizards. I'm impressed with the deep sense of calm intelligent analysis which permeates the above contributions. 2008 - USA inspired global financial crisis which destroys money markets (i.e. markets where the price of money is determined by 'free markets' - many buyers many sellers to perfect competition and no need for interventions, carry forward broken money markets and low efficiency of monetary policy. 1990s and onwards - globalisation on a scale and speed never before experienced and powerful enough to support/lift the ailing developed world (due to GFC) through high growth in very large but poor countries which USA is xenophobic about but happy to export to, also EU.

2012 onwards, many efforts to regulate the financial institutions because they are still vulnerable and a threat to global economic growth. No-one knows if enough reform is in place but the continuing growth of non-developed world due to WTO and more free market policies in China and India and elsewhere allow the USA and others to muddle through the mess.

2016 dawn the age of populism in USA and unravelleing of the positives of globalisation and bring with it new negatives in the form of protectionist policies against the very countries which are the backbone of free trade momentum and positive responses to the global realities. Results in much slower than forecast economic growth globally (surprise, surprise) and the oncoming threat of global deflation (adjusted for the influence of increasingly irrelevant and destructive sanctions and tariffs).

2018 USA declares that its interest in global issues is minimal compared to USA centric issues while retaining big support for Saudi Arabia and Israel in the Middle East and Japan in Asia; Russia who knows? USA has sanctions against North Korea, Iran (ripped up its agreement), Russia (along with NATO), disdain for WTO and support for Super Power trade wars with China and Europe. Correct me on any of these points.

Aside before conclusion. Intellectual property. For centuries intellectual property has been a vague idea. Fine to have a brilliant, innovative idea and want to protect it. That is the exception not the rule. Consider the wheel. You are going to tell me that if the woman who invented it had not invented it then it owuld never have been invented; or the spear? or the shield? the bow and arrow? (I invented the bow, but that sucker down the road got to the arrow first); the tank? the rocket? the Internet? fire? Combs? And on and on and on and on. The airplane? Was close to finality in many countries at the same time with scientific knowledge being transmitted increasingly globally. Look into the history yourself. Bottom line is knowledge becomes public property and that includes China.

2020. A new virus lands on top of this 12 year period of crisis and mismanagement, and head to head super power fighting in which no one can win. Welcome to the 2020s.
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AnniLi
Mar 5, 2020 3:36am
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Quoting Not-KPMG
Blaaaaaa Been hearing morons piss on bitcoin forever Ohh hello Forpos.... Biggest lies again about Bitcoin?? Bitcoin dead no??? Liars website no?? https://www.forbes.com/sites/timworstall/2011/06/20/so-thats-the-end-of-bitcoin-then/ LOL.
Bitcoin is irrelevant. But if it catches on as a medim of exchange it won't be. "If" could take a long while - even longer during a period of angst.
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AnniLi
Mar 5, 2020 3:39am
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Quoting Not-KPMG
And the old lies Ohh the fun Old times. Read , laugh at educated crybabies morons! “Why bitcoin will fail” – Apenwarr | $3.12 Yes 3 bucks https://99bitcoins.com/why-bitcoin-will-fail/ Like the gold standard, a successful bitcoin would send our economy back into the dark ages. . . https://99bitcoins.com/wp-content/uploads/2010/12/bitcoin-obituary-351x185.png “Why Bitcoin can’t be a currency” – The Underground Economist | $0.23 ...
Yes, it can be a currency. A medium of full exchange, a unit of account and a store of wealth. In the meantime the money markets we grew up with (some of us) are still broken and uncompetitive to a fantasy land where bitcoin type currencies are used extensively. I'm out for now.
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AnniLi
Mar 5, 2020 3:43am
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Quoting TudorIoan
{quote} As traders we trade anything moves in the market. Rats, lizards, rabbits, tulip bulbs... If pigs fly, we'll trade flying pigs. Long live the free market ! Period on that. But this bitcoin thing has the characteristics of a fiscal paradise ...they just can't legitimate such a scam ! Explain.. The moment you buy bitcoin, your real money becomes a code (3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy) That particular code is not linked to anyone's personal identity, nor location, ...amount ! That code is visible for everyone, but the person is not, nor...
Thank you. We need more of this type of clarity on the subject. Like the discovery of fire it must have come filling full of fear as well as wonder.
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AnniLi
Mar 5, 2020 3:57am
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Quoting RossEdwards
For Information: BoE Governor Andrew Baily : “There’s no guarantee of the value of Bitcoin… If you want to buy Bitcoin, be prepared to lose all your money. If you want to buy it, fine, but understand what you’ve got. It has no intrinsic value. It may have extrinsic value but it has no intrinsic value. That’s one point. It hasn’t caught on.” BIS Quarterly Reiew March 2020: .... Digital assets or cryptocurrencies provide other channels for cross-border payments.... recent study estimates that around $76 billion of illegal activities per year involve...
I appreciate this contribution because it creates a distincition between a tool and the mis-use of a tool. It is the same argument as the right to own guns of all sorts because the constitution (written when guns were slightly more powerful than bows and arrows) now allows guns which can kill 100 people in 5 minutes, and you have legal nuclear capability of killing 10 million people with one bullet but only you will not mis-use it.

We would make a hammer illegal if it was used to beat people over the head? Or would it not be sensible to educate how a tool can be used to construct a house??? I have no doubt that cryptocurrencies would work fine. But facilitating organised chaos through the globalisation of dirty money and evil is not an intelligent strategy for managing a civilisation of 7.5 billion people.
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SurthesAmy
May 15, 2021 7:31pm — Edited
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From jumping out of an airplane with a parachute on your back to suddenly changing your career, life can be full of risks. Some risks are unavoidable but others we choose to make because we know they can deliver a worthwhile return. There are lots of benefits to making a high-risk investment. High-risk investments can yield huge gains. Although there’s always a risk of losing out, there is also the chance of earning larger than normal gains. If you want to make money without having to risk too much, start a blog. At https://afreeadvice.com/how-to-start-a-blog/ you can learn how to start a blog and make money from it.
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Trader#4867
Mar 5, 2020 3:52am
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Personally I'm not keen on bitcoin . Its essentially an investment in electricity . Chartwise on the weekly its driving a wedge and therefore triangulating . Could blow the stops out at 6400 and start going up at 5400 . Could go up to beyond 20000 from now even . Prices go a lot higher and lower than most people think that includes myself . Sell at tops buy at bottoms . My problem is finding the nerve to hold on and not get out too early when its in my favour .
workin' on it lol
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