Originally posted by d000hg
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Cryptocurrency
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Originally posted by AtW View Post
They are baiting mugs to put more real money in, that’s what’s happening
Price is going up 100000000000000000000000000000000000000%, so this is just noise.
EVERYONE WILL BE BILLIONAIRE'S!!!!!!First Law of Contracting: Only the strong surviveComment
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Originally posted by d000hg View PostWhat on earth is going on this week then? Logged into Kraken to find I've doubled in a week... Ripple up more like 400%. Shame I only put in a grand to test it now!
Now the question is, sell now or wait until billionaire levels of wealth?First Law of Contracting: Only the strong surviveComment
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Something to consider with the cryptoverse.
How much "excess" money is there looking for a quick profit? Well, turns out, people aren't exactly hard up, especially in the USA due to all this free "stimulus" money.
https://edition.cnn.com/2021/04/19/b...oom/index.html
Consumers have $5.4 trillion in excess savings. That could unleash a global spending boom
Some of that is going to end up in these crypto tulipcoins, and the profits made will be staggering on the up.First Law of Contracting: Only the strong surviveComment
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IRS Now Seeks Identities of American Cryptocurrency Traders
IRS wants to tax owners of cryptocurrency.
https://www.tomshardware.com/uk/news...rrency-tradersComment
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Originally posted by AtW View PostIRS Now Seeks Identities of American Cryptocurrency Traders
IRS wants to tax owners of cryptocurrency.
https://www.tomshardware.com/uk/news...rrency-tradersFirst Law of Contracting: Only the strong surviveComment
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Here's a question ... is there enough money to cover the 'value' of crypto coins? Or is their 'value' still tiny in the grand scheme of things?
I find it ironic that this new money is valued in dollarsI am what I drink, and I'm a bitter manComment
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Originally posted by Whorty View PostHere's a question ... is there enough money to cover the 'value' of crypto coins? Or is their 'value' still tiny in the grand scheme of things?
I find it ironic that this new money is valued in dollars
If it was go up another 10-fold, it would equal US GDP ($20 trillion). If it went up 20-fold, it would equal the size of the entire US stock market ($40 trillion).
If it keeps sucking in more and more capital, Governments and central banks around the world may start to view it as a threat to the financial system.Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.Comment
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Originally posted by DealorNoDeal View Post
The current total market capitalization of crypto is over $2 trillion, of which bitcoin accounts for about half ($1 trillion).
If it was go up another 10-fold, it would equal US GDP ($20 trillion). If it went up 20-fold, it would equal the size of the entire US stock market ($40 trillion).
If it keeps sucking in more and more capital, Governments and central banks around the world may start to view it as a threat to the financial system.I am what I drink, and I'm a bitter manComment
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