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The Bubbly Bitcoin Thread -- Merged Threads


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Shoot me down, but a few members seems a bit obsessed with this thread.  There are a lot of threads on HOUSEpricecrash and other things to do in general than aggressively defend Bitcoin (e.g. see fami

They could certainly put various things in place to try and stop but I just don't seem them doing it. Obviously they could make dealing, trading, holding or using bitcoin punishable with 10 years

Bitcoin Cash can and will scale on chain. The technology advance within the next decade will allow it to happen with ease and always remain ahead of demand. What Core have done to Bitcoin is criminal

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8 hours ago, goldbug9999 said:

So how do they prove that you own bitcoin ?.

In many cases they can't but clearly people who are using bitcoin to avoid the laws that we as a society communally agreed (taxation) are not abiding by the social contract and probably should be nervous that it'll catch up to them in the long run.

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36 minutes ago, dugsbody said:

In many cases they can't but clearly people who are using bitcoin to avoid the laws that we as a society communally agreed (taxation) are not abiding by the social contract and probably should be nervous that it'll catch up to them in the long run.

Why don’t they throw all plumbers , kitchen gutters and builders in jail then? Saying that I have a kitchen fitter mate who is under investingation now from HMRC, always boasted he had at anytime £25k cash in his home safe, holidays abroad every year all on Facebook, all paid cash, all cars, shopping, groceries and going out paid by cash. Now sweating as he is having trouble justifying we’re the money came from for HMRC as they have no bank records of the lifestyle they live on Facebook. Tiffany bracket bragging by his wife may cost them their house if HMRC take action.

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2 hours ago, goldbug9999 said:

"if everyone sells it will go down a lot" jesus christ weve got an economic genius in our midst.

really ? selling is never selling with crypto or fiat just exchanging. how would anybody know with a anonymous store of wealth ?

 

5 hours ago, cnick said:

or maybe.... depends if the die hard hodlers ..... of fiat ...... eventually sell up??

nah I`m waiting for it to be completely worthless, will give me a reason to bother to work

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54 minutes ago, Captain Kirk said:

Yes, they can. They can make them illegal if they wanted too. Worse, they could imprison you and/or confiscate your assets if found trading them or holding them.

You think they will multilaterrally ban it in every country? Haha. If they could, they would have already. 

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1 hour ago, GreenDevil said:

You think they will multilaterrally ban it in every country? Haha. If they could, they would have already. 

I've no idea if they will but they could ban it if they wanted to. It would be no different to how sanctions work. The only reason they don't care about it is because they know cryptos are worthless and are no threat.

Edited by Captain Kirk
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2 hours ago, Captain Kirk said:

Yes, they can. They can make them illegal if they wanted too. Worse, they could imprison you and/or confiscate your assets if found trading them or holding them.

Ah, because the worldwide war on drugs is going so well, and you can physically find those if you spend the money to look. Lots of money though. 

Even if they blocked all legit fiat exchang s worldwide you would have black market local bitcoins operations springing up. 

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35 minutes ago, Captain Kirk said:

I've no idea if they will but they could ban it if they wanted to. It would be no different to how sanctions work. The only reason they don't care about it is because they know cryptos are worthless and are no threat.

Sanctions work because the USA control the swift network, they have zero control on the bitcoin network. If Russia wants to send Iran several billion $ worth of Bitcoin to aid their nuclear weapons program their  absolutely nothing the USA can do about it. 

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2 hours ago, markyh said:

Sanctions work because the USA control the swift network, they have zero control on the bitcoin network. If Russia wants to send Iran several billion $ worth of Bitcoin to aid their nuclear weapons program their  absolutely nothing the USA can do about it. 

Which is my point. If they could stop it they would. Its out of their control. Every country has a piece if it. FIAT GARBAGE is their control. Bitcoin isnt. Its untouchable which is why its so valuable. 

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On 22/06/2019 at 14:18, markyh said:

Gets way better than that, real egg on face time. We have now hit $11k, this means we are $9800 from $1200 but on $9000 from passing the ATH. 

Oh dear oh dear oh dear Narco. 

Hate to burst your bubble but this turkey has topped. Massive shooting star on the weekly, in supply, with volume, RSI over 70.

Tried to warn you guys this dead cat was complete hot air. 

Now for the long grind down to sub $1,300. Even when it gets there, it's going to be flat-lined down there for a long time. 

 

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5 minutes ago, narco said:

Hate to burst your bubble but this turkey has topped. Massive shooting star on the weekly, in supply, with volume, RSI over 70.

Tried to warn you guys this dead cat was complete hot air. 

Now for the long grind down to sub $1,300. Even when it gets there, it's going to be flat-lined down there for a long time. 

 

 Love it when Narco shows up. Always after a drop. 

Love it when the egg lands on his face. Literally zero correct predictions. 

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1 hour ago, narco said:

Hate to burst your bubble but this turkey has topped. Massive shooting star on the weekly, in supply, with volume, RSI over 70.

Tried to warn you guys this dead cat was complete hot air. 

Now for the long grind down to sub $1,300. Even when it gets there, it's going to be flat-lined down there for a long time. 

 

Jesus Christ you said this exact thing about a month ago, and by the weekend the shooting star had turned into a bull candle again, this is crypto knobhead, 24/7, it don't sleep, it don't rest or break and the week lasts 7 days, 3 more to go. Come back Monday morning and then tell what the weekly candle closed as. Could be worse, could be better. Hopefully this is a 30-40% pullback , as normal, then we consolidate, then we move up again and retest $13800.

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markyh predicts $200,000

narco predicts $1,300

Maybe we should just close this thread until one of those happens, otherwise it's just one speculation vs the other? ;) 

More seriously though, Bitcoin has long been volatile in price, and a 25% fall this week needs to be considered in the context of a 450% rise over the last couple of months.  If a 25% fall is a concern to someone, Bitcoin is not an investment they should consider. (Shares either, for that matter...)

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  • 417 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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