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Bitcoin Surpasses Silver To Become The 8th Largest Asset In the World
X (formerly Twitter) ^ | 03/11/24 | Watcher Guru

Posted on 03/12/2024 9:49:42 AM PDT by Enlightened1

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To: yelostar

It is a medium of Exchange.

You cannot only use it to send money around the world faster and cheaper than dollars. You can make everyday purchases for it too.

CBDCs do not solve anything, but do possible violate privacy laws. It’s the same system, but they now will track, trace and give you a social credit score based on your purchases and actions. You can’t save them too because they expire.

The good news is CBDCs in the U.S. are way behind per Federal Chairman. We are probably looking at 10 or more. But they will be competing with crypto. So I don’t think people will demand them.


81 posted on 03/13/2024 12:55:32 AM PDT by Enlightened1
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To: Bobalu

As long as there is an Internet or even a MESH network it will survive.


82 posted on 03/13/2024 12:56:22 AM PDT by Enlightened1
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To: 1Old Pro

Value is purely by speculators and manipulators until their next cash out


83 posted on 03/13/2024 1:23:56 AM PDT by HamiltonJay ( )
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To: HamiltonJay

The value is in the protocol.


84 posted on 03/13/2024 4:25:08 AM PDT by Enlightened1
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To: Responsibility2nd
I see the uninformed Tulip twerps have already shown up.
As for me, I’m enjoying my 100 percent return so far this year.


Luke 12:
  1. And he spake a parable unto them, saying, The ground of a certain rich man brought forth plentifully:
  2. And he thought within himself, saying, What shall I do, because I have no room where to bestow my fruits?
  3. And he said, This will I do: I will pull down my barns, and build greater; and there will I bestow all my fruits and my goods.
  4. And I will say to my soul, Soul, thou hast much goods laid up for many years; take thine ease, eat, drink, and be merry.
  5. But God said unto him, Thou fool, this night thy soul shall be required of thee: then whose shall those things be, which thou hast provided?

85 posted on 03/13/2024 4:32:48 AM PDT by af_vet_1981 ( The bus came by and I got on, That's when it all began)
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To: Enlightened1

Which means there is no inherent value.

TCP/IP is probably the most valuable protocol in the planet, in terms of pragmatic use... but don’t see folks claiming its the 14 most valuable resource on the planet now do you?

Speculation and greed will keep driving this, greater fools will get played... already rich will take their cash happily every 12-18 months


86 posted on 03/13/2024 7:19:44 AM PDT by HamiltonJay ( )
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To: HamiltonJay

You are saying the same thing many people have said since 2009.

TCP/IP is not cryptic. When sending value it goes through the old 1970s way of doing things that is very expensive and slow.

People speculate in everything. If someone invest money and get a return, then you should be happy for them instead of calling greed and being bitter and jealous about it.


87 posted on 03/13/2024 8:35:35 AM PDT by Enlightened1
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To: Enlightened1

I have watched the harvesting from the gullible repeatedly, nothing ever changes.

70s slow way of doing things is quite comical, you know that every validation of your crypto is going over that “slow” 1970s protocol right?

I also am quite certain a research associate with quantum computing access has already rendered your crypto encryption obsolete, just hasn’t bothered to make that public knowledge yet.

Enjoy, time it right, and have fun, by when you don’t, don’t say you didn’t know it could happen to you.


88 posted on 03/13/2024 8:51:27 AM PDT by HamiltonJay ( )
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To: Enlightened1
It is a medium of exchange, but is not widely utilized as such.

It’s main purpose currently is as a store of value - an asset.

As far as central bank digital currencies vs Bitcoin/crypto - it won’t even be close. The power that regulates currency lies with the central banks. That will not change - it will never be relinquished or compromised. This was true in the old world order, and is true in the new order.

Once CBDC’s are rolled out, Bitcoin/crypto may not be as appealing (to some) as it is currently. Cautious investors may not want to be holding a lot of BTC at that time.

I say this as one who is not pro-CBDC; however the writing is on the wall for it to happen eventually. With congressional approval, of course.

https://www.coindesk.com/policy/2024/03/07/us-fed-chair-powell-says-nowhere-near-pursuing-cbdc-wont-spy-on-americans/

89 posted on 03/13/2024 9:01:10 AM PDT by yelostar (Spook codes 33 and 13. See them often in headlines and news stories. )
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To: Osage Orange

I do not understand BITCOIN...”

Think of it as a common stock that can’t be diluted.

Or, as a place where real world assets (ie, time, electricity, computing power) are “converted” into a very liquid (and digital) representation. Sort of like a gold ETF.

And finally, think of it - because of its absolute scarcity - as a small and partial hedge against inflation.

Hope that helps.


90 posted on 03/13/2024 10:47:05 AM PDT by ConservativeDude
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To: Enlightened1

thank you for your many excellent posts in this thread!


91 posted on 03/13/2024 10:54:06 AM PDT by ConservativeDude
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To: ConservativeDude
Do not understand it...don't trade it. I do fine..what I've been doing...Thanks.

I do have physical silver and gold. That I understand.

I still trade stocks...mainly these days O & G..and METALS

92 posted on 03/13/2024 11:00:23 AM PDT by Osage Orange (I miss Rush)
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To: Osage Orange

you shouldn’t waste your time on it, then! Fare onward!


93 posted on 03/13/2024 11:02:19 AM PDT by ConservativeDude
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To: ConservativeDude

Thanks bro......Thanks for your attempt.......


94 posted on 03/13/2024 11:03:54 AM PDT by Osage Orange (I miss Rush)
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