Re: The trillion dollar damage (Was: Milestone or Maelstrom?)

On 12/5/24 4:44 PM, Physfitfreak wrote:

On 12/5/24 4:27 PM, Mild Shock wrote:

The trillion dollar damage is
very easy to conceive:
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- The Bitcoin supply replaces fiat through usage,
   so its value is not only perceived but becomes real.
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- Bitcoin slumps back from 100'000 to 50'000.
   Because technically Bitcoin is nonsense.
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Whats the damage now? As of now, around 19.5
million Bitcoin have been mined.
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50,000 × 19,500,000 = 0.975 trillion USD
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LoL
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P.S.: Question is who gets the "Old Maid" card?
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Mild Shock schrieb:

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Somehow I have a gut feeling that Donald Trump
is the prime candidate to cause such a mess.
Who knows, maybe in 3 months from now
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we don't see MAGA, but rather a further decend
into  becoming a 3rd world country, because of
some crazy gamblers.
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Mild Shock schrieb:

Yes I am unhappy. Since I am longing for the kick of:
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"Malicious joy is the purest joy."
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I am desperately waiting for this to happen figuratively:
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Yeah Yeah Yeahs - Heads Will Roll
https://www.youtube.com/watch?v=auzfTPp4moA
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I cannot believe that we can already control the world,
despite all the Artificial Intelligence and stuff,
and regulations from previous crashes.
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Recent crashes were:
- Dot-com bubble burst 2000
- Housing Market Collapse 2008
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Then the world was busy with Corona and Ukraine.
Now its time for a nice little financial crash,
that causes trillion damages, and not only
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billion damages as the FTX crash.
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Physfitfreak schrieb:

On 12/5/24 4:12 AM, Mild Shock wrote:

Ha Ha,
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Thats a little bit idiotic post:
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It's ironic that #Bitcoin only hit $100k by buying
off politicians and getting in bed with government.
Without expected government intervention, this
milestone never would have been hit. What couldn't
be done in a free market was achieved through the
cohesive power of the state.
https://twitter.com/PeterSchiff/status/1864506441232744577
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Wait till the bubble bursts.
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LoL

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But that's another way of saying, "Thieves want their Dollars in a safe place too."
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Bitcoin works for everybody!
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You sound unhappy about it cause you probably had a ton of money in the form of Bitcoin when it was $20k then sold it all when it was $30K :-)))
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It won't see those values ever again :) I'm happier than you because I never placed my money in bitcoin. It moved up too slowly for me and I could do better with other cryptos. Plus you cannot do Options with crypto. That sucks.
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  I don't see it that way. Bitcoin thrives on people not trusting Dollar and Euro. This lack of trust is very real. Nothing imaginary about that. As long as Dollar is Nazis' weapon, you will have a strong Bitcoin.
 

Even now, with Bitcoin over $100k, if you have extra cash you need to buy Bitcoin. Because it will go up as soon as anything happens in the world. Iran retaliates against Israel? Bitcoin will go up. Syrian war gets more intense? Bitcoin will go up. Trump fucks up again? Bitcoin will go up. Iran signs off from NPT and walks away? (they're very close to do that) Bitcoin will jump up!
With Nazis around, Bitcoin is the winner. Invest in it. Nazis don't go away by themselves, you know. A lot of messy processes will cause that. Bitcoin will protect you along that troublesome way.