A satire painting of the tulip madness that saw the the price for tulips skyrocket then plunge. Then again a currency that circumvents the greedy hand of Governments is itself a revolt against madness.
Posted on 04/25/2021 11:45:04 PM PDT by nickcarraway
Ping
Is it just me, or is the only time governments step in to protect me from myself is when they’re trying to make money off me or keep me from making money off them?
It is not just you.
The tiny bit I know about Bitcoin makes me think there will be new versions of the pre-crackdown Bitcoin popping up very soon.
I suspect there is more than enough Dark Money in the world to fill the deepest ocean, if such currency was ever made physical.
A 40% capital gains tax. Perfect. You work to earn money and you pay taxes on it. You spend the money and you pay taxes on your purchases. You save the money and you earn nothing from it - but you lose money because inflation reduces its value. You invest the money you’ve already paid taxes on, and you pay another 40% tax on what your investment earns.
In 1775, the average English colonist paid 1-2% of their income in taxes. This, and the contention by England that they could tax the colonists when they wished, was enough to fuel the American Revolution. It’s astounding how much of the freedom that cost ~25,000 American colonial lives has been lost.
I have repeatedly warned that that the crackdowns like the ones discussed are coming and within 2 years bitcoins will be worth only a small fraction of what thet are today. As the great Rush used to say: DO NOT DOUBT ME ON THIS.
This is why Cramer and everyone is trying to push GameStop to use Crypto. It will hurt them.
bmp
Pin.
Bubble.
Pop.
Yep- see Biden raising capital gains tax to 40% if anyone DARES to make more than $1,000,000.
Can’t have any of those filthy po’ folk slumming with the. Richies, now, can we?
Gee,Dementia Joe, did your crackhead son pay taxes on his traitor money he got from China?
Bitcoin is Beanie Babies......
A satire painting of the tulip madness that saw the the price for tulips skyrocket then plunge. Then again a currency that circumvents the greedy hand of Governments is itself a revolt against madness.
The linked article was written on Friday.
Bitcoin is actually up 9% this morning, around $53,700.
Full disclosure...
I think there is a 50-50 chance that Bitcoin will ultimately go to $0.00.
In the meantime, this is one of the best car chase scenes in financial history!
The US isn’t the only country now run by its Deep State.
And Deep States dislike competition as much as they dislike dissent.
Buy on the dip!
Did you read the line about "...govts around the world looking to see how to regulate bitcoin.."?
Its not like the gold they forced US citizens to surrender - because you can't touch it.
You can cut up all the internet cabling in the US and elsewhere but Starlink is up and running so you cant cancel the internet.
But The Biden Inflation wave is coming and all your bank deposits are going to shrink and your purchasing power plummets.
It is because bitcoin is IMMUNE from the manipulations of governments and banks it is an investment option that deserves consideration.
PING!
This is what they call market manipulation. When the price is too high and they want to drive prices down.
If they could ban Bitcoin, then it would have been done a long time ago.
The only way to shutdown Bitcoin is to shutdown the Internet. In other words its not happening.
Biden doesn’t even know what Bitcoin is.
Add one more article to the hundreds of others:
https://99bitcoins.com/bitcoin-obituaries/
The “hits” keep on coming! ;-)
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