Morgan Stanley exec says Bitcoin is the ‘Kenny from South Park’ of money
By - C4-PO
Can't really kill him and the people love him
The kids understand him perfectly and he's actually really smart and insightful, but the adults just hear mumbling?
Sounds about right.
And is orange.
While they silently buy on the dips.
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
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
Do you have any evidence for this?
He’s one of them time travelers
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
Eh? Are you talking about inflation?
money gets printed
you work for money
but they print it
Yeah mate pretty standard.
> 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.
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.
When in the near future, as precisely as possible, so that I can come back then and tell you that you are wrong.
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
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…
If so much was really being bought why would the price be flatlined for so long..
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.
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.
Its more like dark pools and expert exchanges in US securities market. But the point is still valid.
Your concept is valid. Dark pools are a better comparison vs after hours though 🤑
Thank you, yes, you're absolutely right
Ah ok awesome, thanks. Good info
We will crush him.
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
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THESE SATS ARE BASICALLY BURNED
I WILL NEVER SELL BITCOIN
FUCK THE BOOMERS
WE TAKE THEM DOWN
Do not ever listen to these people. They're simultaneously investing while trashing
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
I found this thread recently:
6 years old, wonder how those guys are doing now lol
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?
Then what are the altcoins that 10x then? The christmas poo?
Honey badger don't care