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Morgan Stanley exec says Bitcoin is the ‘Kenny from South Park’ of money

Morgan Stanley exec says Bitcoin is the ‘Kenny from South Park’ of money

TP-formy-BungHole

Can't really kill him and the people love him


consideranon

The kids understand him perfectly and he's actually really smart and insightful, but the adults just hear mumbling?


Kevin3683

Sounds about right.


Selfish_Development_

And is orange.


DaWhip56

While they silently buy on the dips.


ApokatastasisComes

The amount of bitcoin being bought by current banks/institutions etc right now is massive. When the info is released to the public there might be an inability for regular people to buy on exchanges. There won’t be anything available. It will have to go peer to peer. At what price would we be willing to part with our bitcoin if it goes parabolic again? Everyone has a price but i caution us all to at least hold onto to some


pepsojack

This is correct, I know some of the biggest conglomerates family in South East Asia are ammasing crypto, especially BTC. hell they even had Datacenter with miners imported from mainland


withhindsight

Do you have any evidence for this?


039375696

He’s one of them time travelers


brrrettonwoods

WHAT DO YOU MEAN DUDE THEY PRINT MONEY READ THAT AGAIN THEY JUST PRINT MONEY BITCOIN REQUIRES WORK AND THEY PRINT MONEY YOU DON'T UNDERSTAND WHATS HAPPENING DO YOU


withhindsight

Eh? Are you talking about inflation?


brrrettonwoods

money gets printed you work for money but they print it


withhindsight

Yeah mate pretty standard.


user_name_checks_out

> When the info is released to the public there might be an inability for regular people to buy on exchanges. There won’t be anything available. That is not how markets work. When demand exceeds supply, it doesn't mean that supply dries up, it means that the price increases.


ApokatastasisComes

To be clear, i anticipate a time in the near future when the thought of just logging onto an exchange and buying bitcoin will seem unimaginable.


user_name_checks_out

When in the near future, as precisely as possible, so that I can come back then and tell you that you are wrong.


ApokatastasisComes

lol. I’ve been wrong many times in my life. I want to say within 4 months but that’s crazy talk. I will say 5 months from today


cbri

Thus is how it was in the mt gox days… you had to wait to buy in… unless you were mining of course but then you had to find a buyer lol. Usually wasn’t a problem but it could turn into similar…


Satoshiman256

If so much was really being bought why would the price be flatlined for so long..


IllVagrant

Large purchases aren't really done on the exchanges or they're done personally through the exchange's brokers (as a wee little favor for a larger fee) so the price of purchases never have to hit the books, thus they can make massive purchases without moving the price. The P2P price and exchange prices are not the same. A similar tactic is done in stocks but is called after hours purchasing. Only a select few people can do it and the price is only realized once the market is officially open. "Free market" amirite? It's essentially set up so that only retail investors (you and me) ever truly effect or are effected by price movements. Basically, once defi reaches saturation and we no longer require centralized exchanges, it'll be a lot more difficult for these folks to dole out such egregious preferential treatment.


PaleInTexas

It's not like after-hours trading stays off the books. It gets caught up when the market opens again so it would have the same effect just delayed a few hours. And there are tons of places you can trade after hours.


ShiningForest

Its more like dark pools and expert exchanges in US securities market. But the point is still valid.


ShiningForest

Your concept is valid. Dark pools are a better comparison vs after hours though 🤑


IllVagrant

Thank you, yes, you're absolutely right


Satoshiman256

Ah ok awesome, thanks. Good info


1entreprenewer

That’s cute. We will crush him.


brrrettonwoods

WE ARE CRUSHING THEM THEY ARE BENDING THE KNEE AND SWALLOWING OUR WHOLE ORANGE THERE IS NO WE WILL ITS HAPPENING THIS IS HYPERBITCOINZIATION HOLD THE LINE AND BODL


1entreprenewer

!lntip 500


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brrrettonwoods

THANKS THESE SATS ARE BASICALLY BURNED I WILL NEVER SELL BITCOIN FUCK THE BOOMERS WE TAKE THEM DOWN


SnooAvocados3855

Do not ever listen to these people. They're simultaneously investing while trashing


Bitmiliionare24

That is a real headline? That sounds pretty paradoxically, if your reader understand your reference , he’ll probably wont agree with your argument, but those who will agree can not understand the reference


customtoggle

I found this thread recently: [https://www.reddit.com/r/Bitcoin/comments/41tzkk/dead\_again\_time\_to\_change\_the\_bitcoin\_logo/](https://www.reddit.com/r/Bitcoin/comments/41tzkk/dead_again_time_to_change_the_bitcoin_logo/) 6 years old, wonder how those guys are doing now lol


EcstaticDistance4304

Everyone always says like US and China will get screwed from the rise in BTC. But i saw an earlier post that they are in the top 4 biggest BTC holders. So is it still in their interest to kill BTC?


Live_Reflection4508

Then what are the altcoins that 10x then? The christmas poo?


walkinglucky1

Honey badger don't care