Bitcoin
Bitcoin
Out of context: Reply #1276
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- sarahfailin0
holy shit why won't the market dive already??
indicators keep saying that it's overbought, overstretched. then goldman sachs releases some news and it just keeps going up.- Because it’s not predictable like that.monospaced
- Ether is flying. Happy I bought it low again :)fadein11
- What indicators? Bitcoin was stuck below 10k for a long time, now testing to get over that again.yuekit
- Same fadein11 :)yuekit
- A large part of the market dynamic is the gov incentives for suckers to invest. I invest 5k I save 1k on taxes. The idea netting me an extra 1kdeathboy
- A ponzi shceme in that if everyone funnels money you keep getting richer. One reason why the stock value of companies have no correlation to real valuedeathboy
- if everyone buys in we all get richer, the same mentality with all the bitcoin, icos stuff. A lot of cheap and false liquidity has helped fueldeathboy
- the excessive buying. With gov incentives in place I cant really see a correction. And if it happened there are already proposals to force investment in worksdeathboy
- I only see the US debt fucking the dollar and stock in international currencies that are dominant helping to hedge the devaluing.deathboy
- but hard to make any sense in trying to frame irrational collective behavior working off years of well faithed laws that drove unintended behavior.deathboy
- Sorry, what government tax incentive gives you $1k for investing $5k in bitcoin??? Yeah, I didn’t think so.monospaced
- If anything, when you profit off bitcoin, it’s actually taxable income on those dividends, and you pay more taxes actually.monospaced
- So what the hell are you taking about deathboy?monospaced