Wt_know Supersonic December 1, 2022 Share December 1, 2022 it's time to release trim the KRAKEN !!! ↡ Advertisement Link to post Share on other sites More sharing options...
Ct3833 Supersonic December 2, 2022 Share December 2, 2022 Mark Mobius predicts bitcoin could crash 40% to $10,000 next year........ Https://www.cnbc.com/2022/12/01/bitcoin-price-could-fall-40percent-to-10000-in-2023-mark-mobius-says.html by next year, $10,000 might still be be too expensive Link to post Share on other sites More sharing options...
Ody_2004 Turbocharged December 4, 2022 Share December 4, 2022 Dunno this dunno that and the company can be once so huge.. Link to post Share on other sites More sharing options...
Wt_know Supersonic December 4, 2022 Share December 4, 2022 (edited) 1 hour ago, Ody_2004 said: Dunno this dunno that and the company can be once so huge.. if dunno = no fraud ... then many criminals can be released from jail liao everything can make it dunno or dont want to know ... jibby also always said he dunno where the money comes from to his personal acct Edited December 4, 2022 by Wt_know 2 Link to post Share on other sites More sharing options...
Throttle2 Supersonic December 4, 2022 Share December 4, 2022 6 hours ago, Ody_2004 said: Dunno this dunno that and the company can be once so huge.. no different from any wide eye 30 yr old fella. Far from a genius to me. Link to post Share on other sites More sharing options...
Kb27 Supersonic December 4, 2022 Share December 4, 2022 everyone is a billionaire, so easy to make money. how come we still have poor around ? Link to post Share on other sites More sharing options...
Wt_know Supersonic December 4, 2022 Share December 4, 2022 FTX 2.0 coming .... brave yourself ... 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic December 4, 2022 Share December 4, 2022 42 minutes ago, Wt_know said: FTX 2.0 coming .... brave yourself ... confirm another round. 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic December 4, 2022 Share December 4, 2022 USDT market cap is $65B if 10% people cash out do you think they have $6.5B cash to meet demands? Link to post Share on other sites More sharing options...
Khng8 4th Gear December 4, 2022 Share December 4, 2022 I thought these digital coins are based on truth and they bashed fiat money as it’s based on trust. looks like not very different lei… 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic December 4, 2022 Share December 4, 2022 2 minutes ago, Khng8 said: I thought these digital coins are based on truth and they bashed fiat money as it’s based on trust. looks like not very different lei… yup, and they pump out shitcoin even faster than Fed printing … 1 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic December 4, 2022 Share December 4, 2022 1 minute ago, Khng8 said: I thought these digital coins are based on truth and they bashed fiat money as it’s based on trust. looks like not very different lei… Its the opposite. cos the smart crypto guys all cashed out along the way, converting to fiat money and real assets. my personal friend bought a chf30mil house in Switzerland, and holds at least another $50mil in fiat money and financial investments. He still hase another $150mil in cryptos though, but he is made for life (several lives) 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic December 4, 2022 Share December 4, 2022 (edited) SEX in a nut shell. My understanding and feel free to correct me if I am wrong. Bitcoin is like money and FXT is like bank. I keep my $1 million in the bank and the bank owner instead of safeguarding my money took my $1m to the casino and lost it all. Now I want to take out my $1m its not there anymore. If I keep my $1m under my bed its still there although with inflation its only worth about half now! I don't mind the inflation that's the risk of holding money but bank owner using my money to gamble without my permission is wrong. Edited December 4, 2022 by Jamesc Link to post Share on other sites More sharing options...
Wt_know Supersonic December 4, 2022 Share December 4, 2022 (edited) 3 minutes ago, Jamesc said: My understanding and feel free to correct me if I am wrong. Bitcoin is like money and FXT is like bank. I keep my $1 million in the bank and the bank owner instead of safeguarding my money took my $1m to the casino and lost it all. Now I want to take out my $1m its not there anymore. If I keep my $1m under my bed its still there although with inflation its only worth about half now! I don't mind the inflation that's the risk of holding money but owner using my money to gamble without my permission is wrong. actually, real bank is doing the same too ... every $1M deposited in the bank ... the bank loan out $900K including take on high risks and only keep 10% of the value in the bank that's how 2008/2009 bank got bailed out by US govt ... every bank got risk management framework but they know how to slip through the crack Edited December 4, 2022 by Wt_know 1 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic December 4, 2022 Share December 4, 2022 So to say Bitcoin is the problem is like saying a Tulip is the problem. Nothing wrong with a Tulip. I buy a Tulip today and tomorrow someone offers me $10 and I sell. I buy another Tulip for $12 and the next day someone offers me $30 and I sell. I buy another Tulip for $50 and the next say someone offers me $200 and I sell. I buy another Tulip for $300 and the next day I sell it for $2000. I keep buying and selling Tulips until one day I buy a Tulip for $62,000 and next day it went down to $16,000 Now I am crying I almost had enough to buy a new COE and the price of Tulips crashed. Why Tulips? because history says people sold a Tulip that was the price of a house in the best location in Holland. The Dutch tulip bulb market bubble was one of the most famous asset bubbles and crashes of all time. At the height of the bubble, tulips sold for approximately 10,000 guilders, equal to the value of a mansion on the Amsterdam Grand Canal. 2 Link to post Share on other sites More sharing options...
Jamesc Hypersonic December 4, 2022 Share December 4, 2022 (edited) That's I don't trust banks after Lehmans and I hide my money under MIL's bed! MIL not happy with me because she says there is a hump on her mattress and she cannot sleep properly. I said that because her daughter married a very prosperous man. Don't laugh all my one cents I have been collecting including square one cent will be worth millions one thousand years from now! My great great great great great great great great great great great grand kids will be rich. 21 minutes ago, Wt_know said: actually, real bank is doing the same too ... every $1M deposited in the bank ... the bank loan out $900K including take on high risks and only keep 10% of the value in the bank that's how 2008/2009 bank got bailed out by US govt ... every bank got risk management framework but they know how to slip through the crack Edited December 4, 2022 by Jamesc Link to post Share on other sites More sharing options...
Jamesc Hypersonic December 4, 2022 Share December 4, 2022 This is why people should be buy shares in US banks. As Wt_know says banks can make lots of money by lending money they don't have. But if everyone wants to take out their money at the same time Uncle Sam will pump in taxpayers money as much as it takes, billions and billions also never mind to save the bank. So good times make millions and shareholders get rich. Bad times USA will pump in taxpayers money and rich shareholders stay rich! Its like being a bank robber but its all legal! 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic December 4, 2022 Share December 4, 2022 That's why only ignorant people call used car dealers daylight robbers. People that understand economics know who the real daylight robbers are! ↡ Advertisement Link to post Share on other sites More sharing options...
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