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Bitcoin price suddenly surges to 3-year high

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They started a Bit Coin Fund on the TSX in Canada. It started at 30+ on Monday and closed at $51.40 on Friday. I plan on putting 5k on that by tomorrow.
 

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"Pump and Dump"
we have had the pump and now its preparing to Dump

When price crash'es enough the Sharks will swim into the chummed water and Buy/feed

what is that, a 6 grand contraction overnight. that volatility boys! lol
 
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what is that, a 6 grand contraction overnight. that volatility boys! lol
It was doing that the entire weekend. CLimb in the day and drop overnight.
 

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It was doing that the entire weekend. CLimb in the day and drop overnight.

I think it's a lot of big banks/companies buying up and common man selling. Future of bitcoin is whales majority controlling everything... which is complete opposite what Bitcoin was supposed to be.
 
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I think it's a lot of big banks/companies buying up and common man selling. Future of bitcoin is whales majority controlling everything... which is complete opposite what Bitcoin was supposed to be.
Well the Super rich had to do something to secure their profits after Coca Cola's revenue (among others) went south. This wave will not end (for me) until the Pandemic is over but think of it this way for what you are lamenting on. For every 2 GPUs that are sold this week in retail at least one will be used for Mining. The fly in the ointment is supply. The thing about that is even if Crypto went bust yesterday GPU price and supply would still be constrained. For these new generation cards the 2080TI's price set the bar.
 

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HERE COMES THE CRASH BOYS !!! 59K LAST NIGHT NOW WE AT 49K A COIN AND ETHEREUM WAS ALMOST 2K A COIN NOW ALMOST UNDER 1600

LOLOL tumble tumble tumble
 
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down to 50K now.. kind of similar to what happened at 40K only bigger.. first they move loads of coin onto an exchange ready for a big sell off.. then they sell en mass.. it does now take a really big sell off to kick the price down.. :)

interesting stuff..

trog
 

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my guess is some big players or whales have heard wind of giant regulations incoming soon from IMF and yellen will be moved ahead of schedule - and its probably bad enough they decided not to stick around since fiat is still technically king.

so if fiat starts failing with hyperinflation, guess where the tax comes from to balance fiat out again, btc businesses, exchanges, and others 40%+ tax rates on each transaction! pay for that failing fiat boys!!! wooooo. there is no stopping fiat, fiat is king, as I said many times the treasury of each government in the world is the true power and they will never allow themselves to be undermined.

down to 50K now.. kind of similar to what happened at 40K only bigger.. first they move loads of coin onto an exchange ready for a big sell off.. then they sell..

interesting stuff..

trog

I guess someone wanted to buy something big but needed Fiat to do so? :roll:
 
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HERE COMES THE CRASH BOYS !!! 59K LAST NIGHT NOW WE AT 49K A COIN AND ETHEREUM WAS ALMOST 2K A COIN NOW ALMOST UNDER 1600

LOLOL tumble tumble tumble
its all planned and deliberate lynx.. it will soon be back up over 60K and they will do the same thing at 80K..

trog
 

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its all planned and deliberate lynx.. it will soon be back up over 60K and they will do the same thing at 80K..

trog

exactly, there are no regulations on it. it's probably a feint by a big whale, I agree.

but it doesn't change the fact when fiat starts to fail, y'all going to be paying the bill to fix it right up. ;) as I said above:

"so if fiat starts failing with hyperinflation, guess where the tax comes from to balance fiat out again, btc businesses, exchanges, and others 40%+ tax rates on each transaction! pay for that failing fiat boys!!! wooooo. there is no stopping fiat, fiat is king, as I said many times the treasury of each government in the world is the true power and they will never allow themselves to be undermined"
 
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Looks to be bouncing back a bit now
 

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Looks to be bouncing back a bit now

it's all good, yellen and IMF going to make sure everything you buy with BTC is heavily taxed just like cigs and weed lol. you will make sure fiat doesn't fail for us, so I hope it does go to the moon as they say. fiat needs saving and extra sources of tax revenue.
 
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it's all good, yellen and IMF going to make sure everything you buy with BTC is heavily taxed just like cigs and weed lol. you will make sure fiat doesn't fail for us, so I hope it does go to the moon as they say. fiat needs saving and extra sources of tax revenue.
I'm not American :) Your politics do not concern me.

PS. Hive seems to be paying out a F-ton right now, I just doubled my estimated earnings from my rig in the last hour. From 0.01 ETH per 24h (which was worth ~21USD) to 0.02453 ETH per 24H (now worth 42.25 USD!). I'm sure it won't last long but it's nice to look at lol
 

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I'm not American :) Your politics do not concern me.

PS. Hive seems to be paying out a F-ton right now, I just doubled my estimated earnings from my rig in the last hour. From 0.01 ETH per 24h (which was worth ~21USD) to 0.02453 ETH per 24H (now worth 42.25 USD!). I'm sure it won't last long but it's nice to look at lol

ah you think I was referring to America yeah? hehehe. I assure you treasuries of all world governments could care less about politics, they know they hold the true power. I assure you all of them will tax it heavily eventually. ;)

say you to go to a place that does food/berage of 7% tax on fiat, if you pay in fiat its still 7% but in BTC it will be 25%. this is the future imo. ;)
 
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ah you think I was referring to America yeah? hehehe. I assure you treasuries of all world governments could care less about politics, they know they hold the true power. I assure you all of them will tax it heavily eventually. ;)

say you to go to a place that does food/berage of 7% tax on fiat, if you pay in fiat its still 7% but in BTC it will be 25%. this is the future imo. ;)
Sales tax isn't normal outside the US, btw. The only thing they could do here is charge a crypto fee, which concievably could happen, sure.
I don't really care though, I'm just in it to make a quick buck ¯\_(ツ)_/¯
 

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Sales tax isn't normal outside the US, btw. The only thing they could do here is charge a crypto fee, which concievably could happen, sure.
I don't really care though, I'm just in it to make a quick buck ¯\_(ツ)_/¯
Taxes that didn't exist before will exist once fiat begins to fail.
Indeed, everyone is looking to make a quick buck. That's why it's all going to fail, fiat and crypto alike. I expect a gallon of milk to cost 5 dollars before end of 2023. It was 98 cents a gallon 2 years ago, now its 3 dollars a gallon.

Up up and away! :roll:

 
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the money printers go brrrr.. when you can simply create new money at the press of a computer key who needs taxes..

this is whats killing fiat nothing else.. when money literally does grow on trees it has little true worth.. hence the coming million dollar bitcoin..

trog
 

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the money printers go brrrr.. when you can simply create new money at the press of a computer key who needs taxes..

this is whats killing fiat nothing else.. when money literally does grow on trees it has little true worth.. hence the coming million dollar bitcoin..

trog

and once inflation gets bad enough, fiat will have to create new tax revenue from somewhere so that everything doesn't collapse. ;) mmm yummy yummy bitcoin transactions
 
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I bought more BTC, ETH and LTC this morning during the dip No regrets. I look forward to these dips otherwise it would be a very long boring game of HOLD.
 

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I bought more BTC, ETH and LTC this morning during the dip No regrets. I look forward to these dips otherwise it would be a very long boring game of HOLD.

make sure you are reporting this every year during your countries tax season, ;)
 
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governments have lost control of the money printing machines lynx.. a new money system has to be arrived at.. what the f-ck its gonna be and how we get there nobody knows..

trog
 
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make sure you are reporting this every year during your countries tax season, ;)
Until I cash out it isn't taxable. Unrealized gains.
 

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Until I cash out it isn't taxable. Unrealized gains.

let's hope those fiat paid government employees don't start hurting for money then, they might need to raise taxes when it does come time for you to cash out
 
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let's hope those fiat paid government employees don't start hurting for money then, they might need to raise taxes when it does come time for you to cash out
I have no doubt that taxes will be going up especially with the current administration. But no one says I have to hold my assets in an US exchange or that I have to sell my coins in US exchanges. What they do say is I have to announce capital gains. Which of course I would always do...
 

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Less government/politics talk please and more Bitcoin...

And back we go I've been seeing the rises and falls for the last few days, its unreal! Profit from the Eth mining will have dropped a little but its still worth doing/going if your into it...
 
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