Here's the crux of the problem.
Seems that Bitcoin is strongly linked to the US dollar and is in fact denominated in the U$D.
However, lately people have been bashing the US greenback claiming that its days are numbered.
Yet if the USD falls on hard times and even collapses, can Bitcoin be far behind?
About the only alternatives to the USD I can see are either precious metals such as gold/silver + the rest
OR some very solid fiat currencies such as the Swiss Franc.
It doesn't seem logical that Bitcoin could stand on its own if the USD fell apart.
Maybe I'm wrong, but can anyone else elaborate on this paradox?
LOL! If the SHTF josephine, how the fuck will you liquidate your BC? BTW, it would appear that the feds have backdoor'd their way into the BC block chain and can track all transactions now. I bet Canduhduh hangs on that teet for a free ride too. WTF is to stop them then from raiding your wallet whenever you try to liquidate it IF you can get a connection to a coin exchange during SHTF?
Junk silver, josephine. Just STFU and buy it.
If you want to buy something else to barter with during SHTF, invest in a few bottles of wine or booze that people will be desperate for.
Quote from: Lokmar on November 07, 2023, 12:32:14 AMLOL! If the SHTF josephine, how the fuck will you liquidate your BC? BTW, it would appear that the feds have backdoor'd their way into the BC block chain and can track all transactions now. I bet Canduhduh hangs on that teet for a free ride too. WTF is to stop them then from raiding your wallet whenever you try to liquidate it IF you can get a connection to a coin exchange during SHTF?
Junk silver, josephine. Just STFU and buy it.
If you want to buy something else to barter with during SHTF, invest in a few bottles of wine or booze that people will be desperate for.
If the SHTF someone like me would just wring Senile Joe's neck and take whatever he has anyways.
There is no hope for a twerp like Senile Joe.
Quote from: TheProwler on November 07, 2023, 03:10:45 AMIf the SHTF someone like me would just wring Senile Joe's neck and take whatever he has anyways.
There is no hope for a twerp like Senile Joe.
It'll be a mad dash to see who gets to his gold stash first...me or you! :crampe:
Theil will be along later to finish him off
This is old Joe's latest bullshitting and trolling.
He has a chance to be financially secure just for being the bottom in a fruit relationship with Thiel.
Quote from: Lokmar on November 07, 2023, 09:56:35 AMIt'll be a mad dash to see who gets to his gold stash first...me or you! :crampe:
Theil will be along later to finish him off
My Gold Stash keeps growing too...Lokmar!
I'll be at 100 ounces of silver, 10 ounces of gold soon.
I'll post more pics of my stash, just fer you Bud.
Quote from: TheProwler on November 07, 2023, 03:10:45 AMIf the SHTF someone like me would just wring Senile Joe's neck and take whatever he has anyways.
There is no hope for a twerp like Senile Joe.
I got several hundred thousand in the bank, Prowler
That should last me for a few more years at least.
But thanks for the concern, Prowler.
Quote from: Herman on November 07, 2023, 12:28:25 PMThis is old Joe's latest bullshitting and trolling.
He has a chance to be financially secure just for being the bottom in a fruit relationship with Thiel.
Nice thing is when I retire with all my savings, You'll be supporting me, Herm. Double bonus. Pogie for life.
since yer younger than me, you have to pay taxes towards my pension while I sit on the beach in Hawaii sippin' Mai tais.
I hope ya live to retirement age to enjoy the fruits of yer labor, Herm.
If not I will.
thanks again Herm.
At least i know after yer gone, yer young son'll be workin' for me for at least another 30 years paying for my pension. Carry on your family tradition of supporting others who don't work but stil git paid for it.
I look forward to my Golden Years, cuz I know you and yer hardworking son will be supporting me.
Whadda blast, man.
Yer the best, Herm!
Quote from: JOE on November 07, 2023, 10:19:16 PMMy Gold Stash keeps growing too...Lokmar!
I'll be at 100 ounces of silver, 10 ounces of gold soon.
I'll post more pics of my stash, just fer you Bud.
Street value: $22,500. Keep buying josephine!
I aint Joe's sugar daddy Thiel. He is the fella that will be supporting Joe's broke ass in retirment.
It is amazing that someone who has been so focused on money like Senile Joe is in such a poor financial position.
Quote from: TheProwler on November 07, 2023, 11:22:14 PMIt is amazing that someone who has been so focused on money like Senile Joe is in such a poor financial position.
He doesn't want Thiel to know how destitute he is.
Quote from: Herman on November 07, 2023, 11:36:16 PMHe doesn't want Thiel to know how destitute he is.
You're sure obsessed aintcha Herm?
Maybe you sexually frustrated old men oughta have a 3 some together.
Git yer rocks off on each otha' like Brothas' Herm
Quote from: TheProwler on November 07, 2023, 11:22:14 PMIt is amazing that someone who has been so focused on money like Senile Joe is in such a poor financial position.
Oh and you're not obsessed with money, Prowler?
You always boast that you're 1%er, asshole.
But the reality is you're some Canadian hick living in the middle of nowhere. I think you know that and that's why you're always measuring yourself against others, because you're envious of those who live better lives than you and you have an inferiority complex.
You weaponize everything in yer life
Oh BTW, I invested $50,000 the other day.
and I'm gonna invest $100,000 more.
Like so what?
Money alone doesn't make you anything.
Perhaps you should be kinder to others, do some charity work so that people will think more positively of you when you die
Leave a legacy that people will cherish rather than despise.
Be more like your rival, Brad Schlegal. Whadda gentleman.
Ex NHL Ex Captain of the Canadian National Hockey Team.
Look at how well at this stage of his life he carries himself.
You could learn from him Prowler. Grow up and acquire some manners. Act like a man not an adolescent.
From what I understand he's still working and he's rich Prowler.
Vice President of Schlegel Homes.
He's your age isn't he?
Quote from: JOE on November 08, 2023, 01:16:07 AMYou're sure obsessed aintcha Herm?
Maybe you sexually frustrated old men oughta have a 3 some together.
Git yer rocks off on each otha' like Brothas' Herm
Pot Kettle Black, Thiel's Virgin Bride...
You're lashing out and even doing post bombs (multiples back to back) because everyone sees your desire to be lovingly and kindly "broken in" by a gay titan of conservatism with strong ethics, a big heart, most probably a Johnson, and eye-watering ledger deep in the black...
I hope you make
ThielT a happy Top to your Bottom...
I hope you'll hop up 2 hours early each morning to cook him a continental breakfast while letting him plow your geriatric bum cheeks across the table as he's eating the feast on a plate situated on the nape of your lower back.
If Thiel takes you in, at your advanced years, you should be offering him any orifice of your body...
(Whether it fits... or not)
Quote from: Frood on November 08, 2023, 02:10:13 AMPot Kettle Black, Thiel's Virgin Bride...
You're lashing out and even doing post bombs (multiples back to back) because everyone sees your desire to be lovingly and kindly "broken in" by a gay titan of conservatism with strong ethics, a big heart, most probably a Johnson, and eye-watering ledger deep in the black...
I hope you make ThielT a happy Top to your Bottom...
I hope you'll hop up 2 hours early each morning to cook him a continental breakfast while letting him plow your geriatric bum cheeks across the table as he's eating the feast on a plate situated on the nape of your lower back.
If Thiel takes you in, at your advanced years, you should be offering him any orifice of your body...
(Whether it fits... or not)
I thought you once said in this forum that you were a woman with a full blown Vagina, Frood. That's what your nemesis Seamajor remind you about.
And I remember that Dove & Erica Mena had instructed you on how to use it.
Quote from: JOE on November 08, 2023, 02:25:45 AMI thought you once said in this forum that you were a woman with a full blown Vagina, Frood. That's what your nemesis Seamajor remind you about.
And I remember that Dove & Erica Mena had instructed you on how to use it.
Woman with a full blown vagina?
(Is there any other type of woman??) :crampe:
Seamajor is a dementia ridden bobblehead. He doesn't have the requisite mental faculties to even speak proficiently in his own language.
Dove and Flea "instructed" me?
:crampe: :crampe: :crampe: :crampe: :facepalm:
BITCH! (thiel's)... I'm Rick-i James.
Quote from: JOE on November 08, 2023, 01:20:41 AMOh and you're not obsessed with money, Prowler?
Obviously not.
If I was, I would still be working.
Instead, I did the right thing and left the workforce to open a spot for the next generation.
Just one of the many sacrifices I have made for the betterment of mankind.
So suck on those nuts, Joe.
Quote from: TheProwler on November 08, 2023, 03:52:49 AMObviously not.
If I was, I would still be working.
Instead, I did the right thing and left the workforce to open a spot for the next generation.
Just one of the many sacrifices I have made for the betterment of mankind.
So suck on those nuts, Joe.
Well, your hometown rival Brad Schlegel is still working
Why don't you tell him to quit his job as VP of Schlegel Villages if it's such a pressing issue for you, Asshole?
and BTW, why do you always compare yourself to me and others in these forums?
Don't you measure up to people in your town?
You should compare yourself to Brad Shlegel, Prowler.
He's your age. He lives in your town.
Ask him how much he makes and how much he's worth Prowler.
You should also compare your athleticism and accomplishments with him.
He's your contemporary, not me.
He's an Olympic hockey star and you play hockey in a beer league for retired farts.
Personally, I think you have an inferiority complex because you can't measure up to real competition and thats why you need to compare yourself to others on anyonymous forums such as these.
Fuck, grow up, get a life, and start comparing yourself to real people who matter in your life.
Quote from: JOE on November 08, 2023, 12:53:19 PMwhy do you always compare yourself to me and others in these forums?
Huh!?!?!?!?
When did I do that?
Senile Joe, this is when you
Post Proof!!!!!Give me some examples, Joe.
Actual quotes.
They should not be hard to find since I
"always" do it.
Quote from: Frood on November 08, 2023, 02:10:13 AMPot Kettle Black, Thiel's Virgin Bride...
You're lashing out and even doing post bombs (multiples back to back) because everyone sees your desire to be lovingly and kindly "broken in" by a gay titan of conservatism with strong ethics, a big heart, most probably a Johnson, and eye-watering ledger deep in the black...
I hope you make ThielT a happy Top to your Bottom...
I hope you'll hop up 2 hours early each morning to cook him a continental breakfast while letting him plow your geriatric bum cheeks across the table as he's eating the feast on a plate situated on the nape of your lower back.
If Thiel takes you in, at your advanced years, you should be offering him any orifice of your body...
(Whether it fits... or not)
Jo Jo will be very happy. He will still pretend he doesn't like conservative men, but that will be our little secret.
Quote from: Thiel on November 08, 2023, 11:17:20 PMJo Jo will be very happy. He will still pretend he doesn't like conservative men, but that will be our little secret.
It aint no secret that Joe aint a confident heterosexual.
< Is Bitcoin viable
Ask these ladies about that...
(https://i.imgur.com/if3f7Hn.png)
Quote from: Oliver the Second on November 12, 2023, 07:42:32 PM< Is Bitcoin viable
Ask these ladies about that...
(https://i.imgur.com/if3f7Hn.png)
It was their boyfriends or husbands who paid for the btc, Ollie.
"Buy me this, daddy!"
So them bitches just spread their legs, said "ahhh" & their guys ended up taking the hit.
Next day those guys woke up with massive hangovers.
All them thirsty bitches need a heavy load.
I've been out of crypto for years now. I used to mine it early on, before the IRS got its hand in the cookie jar. IMO, its not worth bothering with now that he gubs can track the transactions.
Quote from: Lokmar on November 13, 2023, 02:12:41 PMI've been out of crypto for years now. I used to mine it early on, before the IRS got its hand in the cookie jar. IMO, its not worth bothering with now that he gubs can track the transactions.
It seems a trifle too expensive now to bother entering that market...Lokmar!
What's it trading at now? $36,000 USD as of November, 2013?
https://www.coindesk.com/price/bitcoin/
As a rule, investors should try to avoid entering speculative markets when the price is and has shot up too high
Quote from: JOE on November 13, 2023, 06:46:48 PMIt seems a trifle too expensive now to bother entering that market...Lokmar!
What's it trading at now? $36,000 USD as of November, 2013?
https://www.coindesk.com/price/bitcoin/
As a rule, investors should try to avoid entering speculative markets when the price is and has shot up too high
Thats another reason to avoid it.
Quote from: Lokmar on November 13, 2023, 06:57:59 PMThats another reason to avoid it.
Ya can't make a profit and most likely the investor will lose at that stage in the game.
Quote from: JOE on November 13, 2023, 07:02:16 PMYa can't make a profit and most likely the investor will lose at that stage in the game.
You can keep your little coin collection Jo Jo, when you move in with me.
Quote from: Thiel on November 13, 2023, 07:08:02 PMYou can keep your little coin collection Jo Jo, when you move in with me.
No thanks.
Why do you even consider yourself a conservative?
You know many of the posters here hate you.
Especially in America.
I lived there for 5 years.
They said shit like "We don't want no fags in our military."
You take a lot for granted in this country where you're accepted and the laws protect you.
But in traditionally 'conservative' countries, they don't.
You'd find that out if you lived elsewhere.
Quote from: JOE on November 13, 2023, 07:30:00 PMNo thanks.
Why do you even consider yourself a conservative?
You know many of the posters here hate you.
Especially in America.
I lived there for 5 years.
They said shit like "We don't want no fags in our military."
You take a lot for granted in this country where you're accepted and the laws protect you.
But in traditionally 'conservative' countries, they don't.
You'd find that out if you lived elsewhere.
They do not love me as much as you do or will Jo Jo, :wub1:
Crypto is junk and will go to zero.
Quote from: Oerdin on November 14, 2023, 02:05:52 PMCrypto is junk and will go to zero.
Thank you sir. A suckers bet
(https://i.imgur.com/K3DCuUP.gif)
Quote from: Seamajor1 on December 11, 2023, 09:21:26 AMThank you sir. A suckers bet
I don't know what the future holds for Bitcoin
Maybe it'll keep goin' up 'n up.
Still I don't see how anything without any tangible assets or collateral backing it can keep increasing in value. Its value seems to be numerous investors piling their money into it and nothing else. Other words a Big Pyramid scheme.
I think it's too late to make big/whopping profits from it because it has already peaked. If a person buys into now, then they missed all the past gains. seems pointless since 1 Bitcoin is worth 20 ounces of real gold. Id rather spend that money on gold myself.
Maybe they invented AI just to pump up Bitcoin's value.
So we'll believe the lie.
Same with the stock market & they never let it fall no matter what.
Unless the can't hide the lies no mo'.
Everything seems so fake now, including the money we use.
It's all backed by electronic wizardry and algorithms than actual value.
Quote from: JOE on December 12, 2023, 11:53:06 PMSame with the stock market & they never let it fall no matter what.
Yeah, all those companies with all that land and all those buildings and all those assets doing all that business making all those profits cannot really be worth any money, right Retard Joe?
Any item, no matter what it might be, is only worth what people are prepared to pay for it. That's how it works.
So as people lose confidence in government controlled fiat currency, a peer to peer system of secure trade that avoids middlemen (like governments) will seem to more and more people like a better option, volatility issues notwithstanding.
Governments (particularly the more authoritarian ones) know this and it shits them. They desperately wish they could clear the table and control the house with their friends. Hence the constant tales of how bitcoin is going to crash and burn soon. Should the current holders of bitcoin stocks get skittish and bail out, who do you think is going to be waiting eagerly to pay cents in the dollar?
Bitcoin will eventually fail of course. Every system does. We could have a Carrington Event or a barrage of EMPs go off tomorrow that bricked every computer and wiped every last computer backup and Bitcoin would be sunk.
So would all your bank accounts and any hard currency you might be holding. You can try eating it, but it's not exactly nutritious.
Quote from: Adolf Oliver Bush on December 13, 2023, 08:16:12 AMAny item, no matter what it might be, is only worth what people are prepared to pay for it. That's how it works.
Governments (particularly the more authoritarian ones) know this and it shits them. They desperately wish they could clear the table and control the house with their friends. Hence the constant tales of how bitcoin is going to crash and burn soon. Should the current holders of bitcoin stocks get skittish and bail out, who do you think is going to be waiting eagerly to pay cents in the dollar?
Bitcoin will eventually fail of course. Every system does. We could have a Carrington Event or a barrage of EMPs go off tomorrow that bricked every computer and wiped every last computer backup and Bitcoin would be sunk.
I wonder if this is true of certain kinds of real estate as well. ie - condos and townhouses.
Right now in Vancouver, I just see condos sprouting up everywhere like weeds. They're just tearing every building over 40 years that they can, and putting up these new ultra expensive high rises everywhere with units selling at $1 million or so. The Powers that be in our city call that 'sustainable development'. However in reality is anything but. Even new rental units are twice as high as what they replaced. Whereas the renter once paid $700-1000 a month the new ones cost $2000 and up. And that's not 'urban renewal' or sustainable development. It's just a bunch of greedy politicians and developers lining their pockets. Meanwhile our homeless problem keeps getting worse.
Thing is, like bitcoin, these are also artificial entities like you point out - what the market is willing to pay. The buyer supposedly buys into fractional ownership of the land, but it seems rather tenuous. I'm thinking we could have a crash of all these shitbox RE developments in Vancouver and parts of Canada one day. It's all funded and owned by China Inc anyway.
For that reason, I'd rather stay away from them, given the precarious economic situations these days. Ironically there are plots of land not too far away that are cheaper than many of these city condos. A person can actually build and grow food on them. They also seem to fit the traditional definition of land ownership if at all possible.
Just like the way you have described bitcoin, I think the Powers that Be don't want people to live in detached houses on land that they own anymore. Because that way, they can pull the carpet out from under people and take what they 'own' away from them. Or change the definition of land ownership so that it becomes prohibitively expensive for them to hang onto. Keep jacking up the strata/HOA fees on them.
I gather that the Elites figured out that that people owning their own land is a hindrance to them because it gets in their way of societal control. People who own their own parcels of land have real power. They can block new developments. They have a real say in how a city or country is run. So of course they want to eliminate that obstacle.
There's a parallel between condos and bitcoin. Because everything becomes this unreal, artificial entity. Likewise, these artificial forms of real estate could crash just as hard as bitcoin one day.
/me just shakes his head at the above
Buy low, sell high. Nothing new here.
Yeah, I guess I shouldn't be surprised at Joe's effort. Wish that Thiel would hurry up and assfuck some sense into the old bugger.