# Bitcoin #
$99,600
Nearly but not quite
Roadkill wrote:$99,600
Nearly but not quite
Theres typically some volatility on Sunday nights so I’m thinking we could see it break the elusive $100k then or we could see a dump back below $90-95k
Trump + Nations > Massive uptake of Crypto (Now hitting 50% of National Currency) Why?
Cops now got a Crypto Crypt to bust $1m-$10m Bit Coin Drug Dealers > banking $1m each visit.
Cops Take 'em to Courts ....There's his Crypto Finger Print...yer Honour
Could not give a flyin' fuck...Don't want my house shot at & Daughter raped...see ya next week mate!
80% of Drug offences are now Crypto ...but it means shit...
Oz 2022 / $220m Crypto Scams reported = That's just 13% of total Scams
https://www.trmlabs.com/post/crypto-related-crime-in-australia-what-cour...
87% of Crypto victims refuse to report being ripped off> coz Courts set 100% Crypto Overlords free...
https://www.afp.gov.au/news-centre/media-release/operation-kraken-afp-re...
Crypto King Drug Overlord Sam tells Albo to suck up his Souvlaki
https://cryptonews.com.au/news/souvlaki-and-crypto-king-sam-karagiozis-c...
As a result the World Drug dealers are laundering 10% more Crypto thru their Banks each year.
In 5 Years Drug Mobsters be laundering $1m next to Gran in 15min Queue @ Australia Post.
Gran : Sick of these Queues....Drug Mobster Shoots out the Lights...Said serve Gran Now Fuckers!
Most are coming outta Mid Asia / North / South Korea hittin' the big time...Snortin' Crypto.
Now off the charts...Crypto is #1 Drug Mule...World is imploding with Mobsters running the Show!
https://www.firstpost.com/tech/how-north-korean-hackers-stole-billions-i...
https://www.wtnh.com/news/national/cryptocurrency-entrepreneur-who-bough...
https://koreapro.org/2024/11/south-korea-grapples-with-how-to-stymie-cry...
Today... here in tbb's town...Just another $1m Korean Crypto Drug Lord deposit...now a fuckin' plague!
https://au.news.yahoo.com/police-dramatic-airport-arrest-070907098.html
Oct Vic scores 100 Tobacco Shop Explosions...
by End on Nov Melbourne alone scores 100 Explosions.
Trump..."Everyone Snort Crypto...get on this shit!"
Within 5 years Crypto will wash 50% illegal tax free Drug money thru every Tuck Shop.
Albo / Trump or Woteva Cowardly Dickhead > Instruct the Courts to let them walk....
Whole world Leaders are Trippin' out on K Pop Pop Tarts..
"Crypto Crime Wave".... e harmony envoy Warning -(Stop picking on Crypto mate or else!)
This Global Crypto uptake % reflects the 80% Drug Lord Empire in each Nation.
Can't half tell by checking out the Sleazy Crypto Pecking order...Drug nations jump 5-10% / year..
Again...reflects the News on yer Telly ...more'n'more dopes depositing $1m CASH in yer bank...WTF.
47% Nigeria / Turkey 44 Thailand 31 UAE / Dubai 30 Argentina 29 Indo 27 Vietnam 25 Singapore 24 Brazil 23 Saudi / Malaysia 22 India / S.A. 20 Portugal / Philippines 19 Swiss / Egypt 18 Pakistan / Chile 17 Australia / Mexico 16 US / Morocco / Netherlands / SK / HK / Ukraine / Belgium 15 NZ / Spain / Poland 14 Ireland / Austria / Hungary / Taiwan / Norway / Peru / Iran 13 Germany / Greece / Italy /UK / Lithuania / Canada / Czechia 12 Columbia / Romania / Sweden 10 Venuzuella / Kenya > Tax havens fill out the rest...Why the Fuck Not...Caymans / Bermuda / Dominican / Vanuatu / Peurto Rico / Gibraltar then all them Eastern Block Dictators....so on & so on...until ya run outta crooks!
Have a Happy Crypto Xmas Fire Works Spectacular Crime Wave....Kaboom!
Judge...Luv these Guys....Can't Breathe!
USD100,000
USD$103,000. AUS$163,000
And rising
And pausing.
Please... when will 2024 end.
you wanna jump into what 2025/6/7 brings?
I think I'll milk my last 3 weeks luxuriating in the relative buoyancy of this floating door, thank you.
Nah, I'm just stirring - 2024's been a good year and I'm expecting '25 and '26 to be even better.
Just continue to be gobsmacked at what is happening daily in crypto world.
Let the daily crypto gobsmacking continue.
Mad crazy stuff.
Crazy stuff in crypto. And even more craziness in the AI space. Incredible amount of capital being deployed, mind blowing stuff.
flollo wrote:Crazy stuff in crypto. And even more craziness in the AI space. Incredible amount of capital being deployed, mind blowing stuff.
The new Space Race, eh, Flollo?
Another ATH for BTC.
Was a pleasant surprise to see that new high. Crazy at.
BTC dominance is peaking (though should still gain quite a bit of value from here) which means alt coins are next to move up
Take that with a grain of salt of course, that’s only if it follows the previous cycles. A bit like trying to forecast a cyclone really..
Hope everyone cashed out.
I hope everyone is holding
Don’t forget Craig, you’ve been saying that every 6 months since it was at $20,000
Which means no matter what happens from here, you were way wrong on this one. As was Warren Buffet
I'd just avoid being greedy and would cash out now. I'm with Ben re this being a big ponzi and having no real world applications as of yet, while also using soo much energy (BTC). Etc. I held and got out a year ago and was happy with that.
That’s confusing. So you were bagging it’s worth out, telling people to sell, but joining in and holding in the back ground, and now claim anyone who holds longer than you is greedy?
It’s all just like a giant lottery / game of chicken between players
Got to be happy with that, I also cashed mine in at the same time, put it into my house, and then sold that
And yeah, I think everyone sees it that way don’t they?
The whole thing never sat easy with me and I missed my exit point because a guy who worked for one of the big trading companies a couple of years ago told me to hold as it was going to blow up. Over the next couple of days it tanked 20% and then continued down from there.
I just left it there and cashed out on the next climb, but seeing how it all went I'm just sceptical of it all and if was still in wouldn't be hanging on for the next high.
Did the downturn have anything to do with this announcement ? Will others hold on hoping Musk & Donny change things ? I understand only congress can do this but when the incoming take control they control the majority of everything. https://www.reuters.com/technology/fed-cant-hold-bitcoin-not-seeking-cha...
One thing everyone can agree on with crypto, is that we will all be glad when it’s over. None more so than this poor fella
https://amp.theguardian.com/uk-news/2024/dec/03/500m-bitcoin-hard-drive-...
Ha, indeed.
There’s plenty of growth to come in the crypto space. I’m still buying and have no intention of selling anything. I went for dinner yesterday and even split the bill with a mate who sent XRP to me.
But I’m not relying on any of that money for short term liquidity. That’s very important, crypto is a very volatile market.
Supafreak wrote:Did the downturn have anything to do with this announcement ? Will others hold on hoping Musk & Donny change things ? I understand only congress can do this but when the incoming take control they control the majority of everything. https://www.reuters.com/technology/fed-cant-hold-bitcoin-not-seeking-cha...
I think that last sentence is the most important - ‘Cryptos are assets, but they are not currency’
It is important to distinguish the differences between blockchain and tokens. Blockchain is a great technology but it doesn’t need tokens to run. Tokens/coins are actually products being sold by companies (with heaps of scammers in the mix) working with different blockchain technologies. If company’s blockchain proves to be popular and usable you could safely assume that revenues will follow. But those revenues might have nothing to do with the actual token. A good example is Santander, one of the world’s top banks, using RippleNet. But they’re using it with fiat currencies, not with XRP. Technically speaking, the whole global financial sector could implement Ripple while throwing the XRP coin into the bin.
So why do we have coins? You have to go all the way to the beginning of decentralised finance. The whole idea is to use decentralised network to validate the transactions. So called ‘mining’ and later ‘staking’ etc. Basically, my computer at home can be used for this work. But why would I bother with that? Well, this is why coins were created. It was an incentive for miners to do the mining.
Fast forward to current times; these coins have created a market of their own. They are bought/sold in 3rd party markets (exchanges) independently of the companies that created them.
This is very important as it lets companies get away with minting coins without those coins being a security in the company (completely different ball game if this was the case). I don’t think that most people buying crypto understand this. They are not buying an equity in the ‘project’, they are buying a product same as car is a product. The only difference is, the car diminishes in value while some cryptos appreciate.
So coins are assets that people believe in. Trump can buy an asset, call it some bullshit name ‘strategic reserve fund’ and market will go wild. He doesn’t even need to worry about this being a currency. To be honest, Bitcoin has zero chance of being a currency. The tech is shit, slow and expensive. Energy consumption is ridiculous. No hope for that one. Also, I don’t see much impact from central banks objecting against using bitcoin as a currency. That’s not the point.
And finally, don’t underestimate the value of cold wallets. There are plenty of people who want to hide their money from banks, governments etc. Cold wallet is invaluable for that. And this demand will never go away.
And getting it off the cold wallets and back into circulation to use, without being tracked as it's all on the blockchain, proved a major problem for Bitcoin's Bonny and Clyde. We watched a hilarious and truly cringe Netflix Doco on this recently. I will leave you with this music that these funds enabled to exist. (As I link it up my partner is loudly saying "No, we don't want that, put it on headphones if you are going to listen to it!")
The Bitcoin graph looks Interesting ! ?