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Thread: The Rich People's Bags Are Full - Buy Bitcoin NOW - Last Chance!

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    Unobtanium Shami-Amourae's Avatar
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    The Rich People's Bags Are Full - Buy Bitcoin NOW - Last Chance!

    Ex-Prudential CEO says MASSIVE amounts of money will flow into Bitcoin in September!

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    madfranks (17th August 2020)

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    Unobtanium osoab's Avatar
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    Re: The Rich People's Bags Are Full - Buy Bitcoin NOW - Last Chance!

    USG holds about half of them.

    I was listening to an interview over the weekend. I guy was talking about having his bitcoin seized by the feds. He won his court case and the bitcoins were to be returned. The guy said he got 9 of 10 back and the feds said to prove that the last bitcoin was his. Dude said he tracked from his wallet to a special fed wallet that held about 6.4 million bitcoins.

    Any truth to this?
    “Democracy is also a form of worship. It is the worship of Jackals by Jackasses. It is the theory that the common people know what they want, and deserve to get it good and hard.”
    H.L. Mencken

    "The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."
    H. L. Mencken

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    Moderator madfranks's Avatar
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    Re: The Rich People's Bags Are Full - Buy Bitcoin NOW - Last Chance!

    Thanks for sharing! In a nutshell, with all of the money printing and loose distribution of hundreds of billions of dollars to people who are already wealthy beyond measure, those rich folks will need somewhere to park all their new money, and he sees bitcoin and cryptos being a target for this liquidity spilling into the crypto market. I wonder if this'll mean six digit BTC?
    "Liberty is so creative, and the government is so stupid, that I’m very optimistic about the future"
    - Lew Rockwell

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    Moderator madfranks's Avatar
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    Re: The Rich People's Bags Are Full - Buy Bitcoin NOW - Last Chance!

    "Liberty is so creative, and the government is so stupid, that I’m very optimistic about the future"
    - Lew Rockwell

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    Shami-Amourae (17th August 2020)

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    Unobtanium Shami-Amourae's Avatar
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    Re: The Rich People's Bags Are Full - Buy Bitcoin NOW - Last Chance!

    Quote Originally Posted by madfranks View Post
    I wonder if this'll mean six digit BTC?
    I think it's realistic Bitcoin will 5 to 50x in the next 1-3 years.

    If there's any truth to the Stock to Flow chart:
    https://digitalik.net/btc/

    ...or the Rainbow chart:
    https://www.blockchaincenter.net/bitcoin-rainbow-chart/

    Neither of these account for the pandemic/money printing, which mean prices could go even higher, and faster.

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    madfranks (18th August 2020)

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    Great Value Carrots
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    Re: The Rich People's Bags Are Full - Buy Bitcoin NOW - Last Chance!

    Tulip bulbs. Watch em multiply!!!

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    Moderator madfranks's Avatar
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    Re: The Rich People's Bags Are Full - Buy Bitcoin NOW - Last Chance!

    Quote Originally Posted by ziero0 View Post
    Tulip bulbs. Watch em multiply!!!
    If you got in early and sold at the top, the tulip bulb frenzy could have made you very rich.
    "Liberty is so creative, and the government is so stupid, that I’m very optimistic about the future"
    - Lew Rockwell

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    ziero0 (18th August 2020)

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    Re: The Rich People's Bags Are Full - Buy Bitcoin NOW - Last Chance!

    Quote Originally Posted by madfranks View Post
    If you got in early and sold at the top, the tulip bulb frenzy could have made you very rich.

    Yes, but I hesitate to participate in a "greater fool" ponzi scheme destined to fail. I'd rather look for intrinsic value, whether in tools, coins, women, etc.

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    midnight rambler (18th August 2020)

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    Re: The Rich People's Bags Are Full - Buy Bitcoin NOW - Last Chance!

    Quote Originally Posted by Half Sense View Post
    I'd rather look for intrinsic value
    Smell, sight, sound, taste, touch. That's all you were born with. How do you find value when you can't sense it?

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    midnight rambler (18th August 2020)

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    Moderator madfranks's Avatar
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    Re: The Rich People's Bags Are Full - Buy Bitcoin NOW - Last Chance!

    Quote Originally Posted by Half Sense View Post
    Yes, but I hesitate to participate in a "greater fool" ponzi scheme destined to fail. I'd rather look for intrinsic value, whether in tools, coins, women, etc.
    I don't buy palini's claim that BTC is equivalent to the tulip frenzy. A very simple understanding of the value that BTC adds to a digital economy should be enough for any reasonable person to see this. There is value in BTC, if you don't believe me, ask all the people in Venezuela using it to survive as their government money has become worthless.
    "Liberty is so creative, and the government is so stupid, that I’m very optimistic about the future"
    - Lew Rockwell

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