Member Info for u01gjot

Impeccable timing as always just as everything had pretty much turned bullish. What the US fails to realise is that it doesn't own BTC or the crypto ecosystem. If it's honestly going to tell it's own citizens (or anyone for that matter!) that they are not allowed to spend their money on digital assets then they are no better than China and will have revealed themselves as just another dictatorship. Unfortunately it spooks the market and causes all the greedy twats on long high leverages to get liquidated. Some people never learn. It still think the trend remains upwards and this is just another 'China bans mining', 'Elon concerned about energy use', 'criminals use BTC' FUD. Unfortunately it's come at a crucial juncture hence my timing quip.

One of the same authors critising BTC put out a paper extolling the virtues of ECB CBDCs! Coincidence? I think not. Some sort of big reset is coming. Some would say it's been in play since March 2020, so really its ongoing with various milestones. The legacy system is doomed under mountains of unsustainable debt. The Central Planners have cemented monopoly positions is every aspect of the economy and are now ready to push us into a 100% surveilled & controlled digital currency (CBDC) where your every transaction is monitored, has a carbon score, probably goes through an approval process, you're taxed in real time, and it will likely be tied to some sort of 'health pass'. In other words in this new system you'll be a digital prisoner with very little freedoms under the guise of saving the planet, saving lives, whatever fear porn they feel like peddling. Once you're exchanged from say, legacy GBP into CBDC GBP, you might not be allowed to buy Crypto, or it'll be heavily limited. In this dystopian nightmare that the great unwashed are sleepwalking into, black markets will spring up and I think the means to transact in those will be BTC, or possibly Monero. Remember there are DEX's (decentralised exchanges) for exchanging between cryptos. In my view now is the time to get your hands on what you feel is an appropriate amount of Crypto and get it into cold storage (Ledger, Trezor etc) prior to the big financial reset. If nothing else as a wider risk management strategy.

What an absolute joke. Yet many will just sigh and shrug their shoulders in abject apathy. Governments globally have spent 3yrs destroying the global economy (using widely discredited measures), used this an excuse to fabricate unheard of quantities of FIAT currency (just as the Repo market in the US was in severe trouble - Sept 2019), suddenly slammed on the brakes after finally admitting inflation wasn't transitory, and will now put the squeeze on everyone to pay for their Big Pharma-Military-Industrial complex boondoggles. Increased taxation will only confirm, and deepen, a wider recession. Some say depression.
And just consider CGT. You're already using taxed income to invest in xxxxxx. You make some profit, and the government want to extort more out of you, now over and above £6k for an entire year! Meanwhile most of these politicians and their corporate sponsors will be making use of offshore havens to hide much of their real wealth and not be subject to these same suffocating laws. We are being absolutely conned and the end game is UBI paid in CBDCs tied to your 'health' passport / digital ID all of which will be subject to strict carbon credits.

Interest rates cannot be sustained anywhere near 5% unless the Central Planners have decided its time to completely destroy the global economy. Which I will concede is now a very strong possibility (build back better, great reset etc). Speaking of central planners I see the WEF were in partnership with FTX, and that FTX was being used to funnel any crypto 'donations' to the Ukraine National Bank (which generated lots of fees I'm sure). FTX were also the second biggest donor the Democrats only second to Emperor Palpatine (aka Darth Soros). SBF's mum was a big player in creating super PAC funding campaigns for the Demonrats (Mind The Gap), and I've already mentioned his dad was Genslers boss at MIT, and apparently SBF's mum and dad are compliance lawyers to trade! I suppose they are the best people for exploiting the system. Much more to come on FTX. I feel we are getting a snapshot right into the dark underbelly of the beast. By trying to deliver a killer blow to Crypto they've exposed more than they'd probably like. Stinks of desperation which gives me hope.

There are criminals everywhere, if you want real criminality look no further than offshore tax havens. The more I look into Bankman-Fried and FTX the more this confirms my suspicions this was a well planned attempted insider takedown of Crypto. Like I said before, this guy comes out of nowhere and is bankrolled to the tune of Billions to start up FTX. The PR goes into overdrive and we still live (just) in the era of 'geek is cool' - fast diminishing I'd say. FTX cements a position and I think CZ at Binance was hoodwinked by this to some extent as he was also an early investor.
You then have Caroline Ellison (totally unqualified autist ******) as CEO of Alameda Research who for a period is SBF's girlfriend. She is the daughter of MIT Professor who was Gary Genslers boss at MIT before he was Chair of SEC. Apparently Gary had been working behind the scenes to try and get FTX a monopoly position, at least in the US. The same guy is still refuses to approve a BTC spot ETF in the US (that many said would have pushed BTC way beyond the previous $69k ATH). Alameda was apparently started up by (or in conjunction with MIT) where SBF and his cronies were basically stealing customer funds from FTX and funneling them in Alameda. Unreal! (but not really)
FTX files for Chapter 11 bankruptcy, the Exchange is apparently hacked immediately thereafter, draining it of it's remaining reserves, and FTX put out a statement not to visit their website and delete any apps due to malware - how convenient!
It's looking increasingly like SBF / FTX caused the Luna debacle earlier in the year, pretended to bail out some of the projects that fell as a result all the while taking positions to make money in the process (as they were causing the manipulation) all the while weakening the Crypto market in real time but also saving things up for a much worse crash down the line. This is not a movie, this is an entire series in the making!
What I want to know is was SBF identified as a useful idiot that could be used somewhat unwittingly to do this or was he a willing part of the orchestrated attack? Many are starting to think the latter given his family and political connections.
None of the above has anything to do with Bitcoin and the utility it provides. Once FULL transparency on Exchanges is enforced I see BTC coming out of this mess even stronger. There will be more BTC maxi's than ever. All the other projects might get some scraps. I have a feeling MSTR and Saylor will be fully vindicated in due course. True investors have long timeframes and don't worry about paper losses.

About $3.5k I think? If we get there this time round I'm going to assume the WEF have got their way and we're living in chemically lobotomised Technocratic hell or it's Mad Max time. The latter seems like much more fun to me.

The plot thickens on SBF, his family and their political and professional connections. I have a feeling this is the tip of the iceberg. There will be 'investigations' but that might be about it. Gary Gensler at the SEC will likely ensure they don't dig too deep, you know, the guy that pretends to support Crypto but to this day refuses to approve a BTC spot ETF.
https://twitter.com/TorayKortan/status/1591013987680149504/photo/1

and we have a dump today based on the fact that FTX is going bankrupt. Who would have seen that coming given the previous 48hrs? Complete shocker. And based on this totally unpredictable news there was a ton of crypto dumped. This should all be priced in. Remember it's all the scammers that are ruining the space, BTC itself would be much better without all of them which is probably how it ends up in 5-10yrs. There is apparently a ton of BTC leaving exchanges (presumably for wallets) which is great news. Once full transparency is enforced BTC could rocket. From what I can see Binance are doing the right things and I think Coinbase is already 100% compliant with US regulators. These are the only exchanges I ever recommend to anyone.

Ha, no worries PI, it's a stupid alias that I'm stuck with! The central planners tell you what they're (trying) to do all along, it's just most folk are not tuned in to see it. Often understandably because we're too busy, or in the US holding down 2 or 3 jobs just to make ends meat. They then see our lack of pushback against the thing most of us didn't see as our agreement in _______, and away we go.
A decentralised means of exchange that cannot be created on a whim out of thin air is a major spanner in their works in my view. They wouldn't want a parallel economy that opts out of the captured and controlled CBDC / UBI paradigm where people are exchanging goods and services without Politburo oversight and approval. Remember BTC was birthed in response to the GFC in 2008, where I think the creator(s) knew where the FIAT money printing would go and probably had some ideas of the tyranny that could follow. What we do (or agree with) in the coming weeks and months I feel will have massive ramifications for decades. I know where I stand and it's not in some centrally planned neo-communist hellhole.

Wow, what a complete **** show. So let me get this straight, days before positive CPI data (that would have been known), and BTC having already broken to the upside (and confirmed the breakout) on a massive falling wedge, we get the revelation that FTX is bust, and was actually bust when it was 'bailing out' Celsius, Voyager and all the other leveraged crap in the space, essentially making a big problem far worse. Saving it up if you will for later deployment.
Sam Bank-man Fried, out of seemingly nowhere, becomes a crypto Billionaire and was bank-rolled to create one of the biggest exchanges in the space, FTX, that has apparently been run my a bunch of his old college mates out of some shared House of Orgy in the Bahamas, along with Alameda research apparently? Wait until you see a video of the CEO where she talks about stop-losses being a poor risk management strategy.
Fast forward to now, and although withdrawals have apparently been halted on FTX this does not apply to FTX employees based in the Bahamas - what luck! As such $$$$ continues to be withdrawn by FTX insiders while regular customers see the possibility of some form of compensation progressively diminished, i.e. zero.
Make no mistakes folks, this was an orchestrated event to yet again try and destroy the crypto space (this time from the inside as let's be frank, China banning mining for the 10th time and 'energy use' was losing its effect). Yes, many Useful Idiots have been part of the it, but you don't get into this type of situation by accident. Had it not been for this exquisitely timed event BTC would likely have taken out $25k, be consolidating right now, with $30k possibly by year end. Especially with many calling for a halt to interest rate hikes as debt everywhere is teetering on the point of oblivion (probably many defaults already happening) and its killing the economy. Further, USD strength is killing sovereign currencies everywhere and making their debt completely unaffordable. The whole house of cards is ready to fall any minute. Once it does the money printers will go into overdrive but withdrawals from your account might be 'temporarily' suspended. Until stability has resumed of course. By then BTC will probably be over $100k and Gold $5k. In fact you probably won't be able to take physical delivery of Gold and the BTC exchanges might charge a huge premium. Obviously this is just speculation on my part.
Unfortunately now BTC has to build from these levels which buys the central planners more time for their CBDCs, carbon credits, UBI etc. Cash is king only up to the point when Government suddenly determines how and when you are able to spend that cash, and remember bank notes are dirty and carry nasty little germs that make you very ill and big denomination notes are only used by criminals. You get the picture. As a wider risk management strategy my view still remains have assets outside the traditional system and BTC remains a must in my vi

AIG, you can indeed and I always appreciate it, especially when it's genuinely constructive but on these boards grammar, punctuation etc seem somewhat........optional. In that same vain I'm going to have to correct your use of "no" when in fact you should have used "not". Obviously not looking to belittle as that would be a tad, pedantic.
*new paragraph* Unless we see a seismic shift this is why I know we are completely ****ed, i.e. infighting and the spineless aversion to identifying root cause. I honestly couldn't a **** about myself and all the ******s round about me but I feel genuinely sorry for the kids. This is stinking **** show on an epic scale, and if you can't see it yet you soon will. Meantime maybe consider volunteering for the Ukraine militia armed with your newly rebranded Unicorn badge and rainbow coloured Dildo. I'm hearing today rest bite comes in the form of sunbathing on the Dnipro wearing Mankini's sipping Sex on the Beach. Sounds just fabulous. Another $40Bn in 'aid' anyone? **** it, lets round it up to $400Bn. What's 10x between money laundering friends? Meantime I'm applying for a job with Burisma. Apparently qualifications are unnecessary. My only real concern is eternal damnation so a bit of a risk/reward calculation yet to be carried out. Although I hear Tartarus is quite nice in Winter.

God level? Interesting concept. I have a feeling the supreme being would say this is all bull****. As humans we've been given the option of free choice and if you choose to elect dementia ridden potato heads and utterly corrupt scum as your 'leaders' you get precisely what is coming. There was (and still is) the ability to give the middle finger to this TOTALLY corrupt FIAT currency system but here we are, wondering how much USD, GBP, EUR ete we've 'lost' in 2022. Ultimately this FIAT system is ****ed and the 'you know who' want to transition us to centrally controlled digital currencies (aka CBDC's) as part of the overall technocratic water tight surveillance system. So we get wholesale destruction (under the completely manufactured guise of high inflation) in order to 'build back better' and you (the Prole) will be under tightly controlled carbon credits and all manner of centrally controlled bull**** for the 'greater good' - arguable the most sinister phrase in human history. Unless people wake up (and wake up fast) the short to medium term future is on levels of horrendous you can barely fathom (e.g. buy a ****ing greenhouse). So grow and set and start pushing back. If not for yourself for future generations that have no say on what is going on. A much brighter future depends on it.

Anti-establishment rhetoric, on a Bitcoin centered board. An asset that came into being specifically because it is anti-FIAT currency and hence anti-establishment. Go figure. I have nothing but sympathy for the people of Ukraine because yet again the Establishment (e.g. Government and probably certain lobbyists) has walked them into an totally unnecessary war, and war is only feasible in a FIAT currency system because it can't be financed any other way. Will people never learn? We get conned over and over again.

No, you mentioned the people of Ukraine, so I responded regarding what they could have done to help prevent this, i.e. don't allow the leadership to join NATO. Remain neutral. Don't pick a fight with your neighbour because someone else tells you to. This does not benefit Ukraine or Russia in any way.
Oil is used everywhere. The cost of everything goes up for everyone, on the back of already skyrocketing inflation globally. Get away from the MSM hyperbole and look at things objectively. This is yet another manufactured crisis that was entirely preventable.

Well the people of Ukraine should have ensured that their leadership did not pursue the insane goal of joining NATO. They don't need to like Russia but don't join a military alliance that continues to march East to the point of sitting on Russia's borders. What would the US do if say, Cuba, joined a military alliance with Russia? On wait, that was the Cuban missile crisis in the 1960's that almost started WW3. Ukraine is being used as puppet to destroy a trading partnership between Russia and Europe under the threat of joining NATO. Where is Brent Crude now? Triple digits for the first time in many years and only going higher. Who takes the hit? All consumers. Absolute shambles. BTC will do just fine as people continue to lose faith in governments worldwide. There was no need for any of this.

Not sure about anyone else but I'm somewhat relieved that we finally have some clarity. This 'will they / won't they' invade was getting very tedious. Ukraine joining NATO was always the line in the sand for Russia. The West and Ukraine kept pushing it so here we are. Why? In my view to de-rail Nord Stream 2 and destroy a trading relationship between Russia and German (by extension Europe). Sad state of affairs but that's the human race. Always having our strings pulled to benefit a few at the top. We're being transitioned at lightning speed from COVID to War. The next few days will be volatile but much of this was already priced in. We're sitting above $35k right now when the Bears have been calling for $30k since December. Sit tight, everything will bounce back when the dust settles.

I agree, BTC has held up remarkably well in amongst all the FUD and negative sentiment. The Tech stocks have basically given back all their 2020 and 2021 gains while BTC seems to have found support at $38k. We must be due a leg up after all that recent sell pressure.

What about the 23k shares bought at this price just over 1hr ago? The definition of a Ponzi scheme would be better applied to the FIAT currency system where there is no limit on the amount of tokens that can be created and it requires ever-increasing numbers of victims coming in at the bottom (the next generation) to service the ever increasing level of debt that comes with said FIAT token creation......at 'interest' on a compounding basis making matters exponentially worse. BTC helps expose the con and gives you somewhere outside the corrupt system to park your dosh while investing in a new digital ecosystem. More importantly though, is Ludacris not a rap star?

Price is a lagging indicator. Have the fundamentals changed? Is adoption increasing? Are Nation States (and some US states) looking to make BTC legal tender? Are we seeing more HODLers? Has Canada just shown us why your FIAT currency (which is loaned to the bank) actually resides in a precarious state? Is the global economy becoming increasingly digitised? Are Banks and payment providers forming partnerships with DeFi projects? Are NFT's being taken to the next level, e.g. in-game rewards etc? I could go on and on. Once this Ukraine FUD is resolved the tide will turn and all markets (including Crypto) will get a relief rally potentially burning a lot of shorts along the way.

Doesn't need to be either, you can invest in both. BTC remains in my view the play with the biggest upside potential. Oil should also do well. Brent around $90 but triple digits incoming. The latter demonstrates what a complete shambles the human race is, but you might as well make a few quid off it. I live under the neo-communist yoke of the SNP but even they will have to face the reality of energy security. That said when you have a First Minister that thinks cutting the bottom off classroom doors in schools is "common sense" to "improve ventilation" I'm not 100% sure reality is a serious consideration. Goodness knows how much warm air has literally been pumped out of open classroom windows all Winter because there are deadly invisible things floating about the air ready to strike at any moment. Beam me up Scotty, this Planet is nuts. I'll be able to use my BTC in another galaxy.

WY..... - it wasn't hijacked. I raised an issue with the first bullet point on the RNS highlights. What makes you think worldometers are independent and where do they get the cases and deaths from? From individual country's Health Authorities being told / encouraged to report them as COVID deaths / cases using the fraudulent RT-PCR at 40+ Cycle Thresholds, all based on a recommended protocol by the questionable Christian Drosten at the start of 2020. As I said before, ****e in, ****e out. There have been huge numbers of deaths incorrectly assigned to COVID using RT-PCR or pure guess work from the Doctor (under duress) based on alleged symptoms. Remember, 'dead within 28 days of a positive PCR' = no matter the cause of death you are added to the tally if there was positive PCR (which actually had no limit to start with, became 60 days, then 28 days - total fraud). Anyway, I'm not getting into a protracted debate, these are my views based on my research. PAF is looking good and we'll leave it at that. Stay informed, and go get signed up for that HIV test we're all suddenly being encouraged to take (I'll give you a clue, some of the HIV virus was apparently used to phase lock the spike protein into a shape allegedly identical to the SARS-COV-2 virus that your body produces at a cellular level due to the synthetic mRNA conferred by the jab).