Quote from: Lucius on Today at 12:34:22 PM

Quote from: JayJuanGee on November 16, 2024, 09:08:57 PM

~snip~

Quote from: Lucius on November 16, 2024, 03:44:17 PM

Quote from: ivomm on November 16, 2024, 08:53:26 AM

I don't know if we fully realize what good times have come for BTC. 4-5 years ago we dreamed of ETFs and that one day the US would consider Bitcoin as similar to gold. ETFs have been a reality for a long time now, and the huge influence in this market is evident. I generally do not approve of Trump as a person and because of his policy towards Ukraine. But it is a fact that this is the first president to speak out in favor of Bitcoin and promising to make it a national reserve asset. This is already happening in the state of Pennsylvania. Coincidentally or not, it was precisely the state that decided the battle in his favor. I think it's safe to say that Trump won thanks to the votes of bitcoin holders as well. What's next - first for it to actually happen in the US. If the bill to buy 1 million bitcoins is approved, it will have a "huuuge" ( Wink

) impact on the market. Soon after, Europe and China will follow suit. I am absolutely convinced that Germany will one day buy the same bitcoins that it sold at many times higher price. All this makes me happy and proud that hodlers like us, the WO gang, have always been visionaries and envisioned things long before they happened. And this is rewarded with the profit we have.

Trump is completely unpredictable in this case because he was the president of the US from 2016 to 2020 and at that time he said that Bitcoin was a scam - and towards the end of his term he passed some very unfavorable laws for Bitcoin which were then mostly revoked by the Biden administration, and it should also be taken into account that futures and spot ETFs were approved precisely during the mandate of the Biden administration.

Trump doesn't have to "thank" anyone except those with big wallets who financed his campaign, and ordinary people served the purpose of voting anyway, and for the last time as Trump promised them.

Even if the US starts buying BTC for its reserves, I don't believe that the EU would follow that example, let alone China. The ECB with Lagarde at the head has an extremely negative attitude towards Bitcoin and cryptocurrencies in general, while China with its communist ideology does not want anything it cannot control, and even less something in which the US will have a large share.

As for Germany, it was not the German government that seized or sold BTC, it was a German province where the seizure took place, and they only followed the law in liquidating the seized funds. In addition, I think that the member states of the Eurozone cannot make any investments of this type without the ECB - a few years ago, the question of selling part of Italy's gold arose, considering that at that time they were the third country in the world in terms of gold reserves. As far as I remember, the ECB commented that selling gold to refinance debts is not an option.

Wow Lucius. You really believe that ECB and some of the other supposedly bitcoin hostile jurisdictions are not going to be forced into changing their tune.

Game theory is a bitch, and they should not be so dumb as to ignore game theory for too long.. and sure there are always going to be winners and losers.. early adopters and laggarts.. and it is not going to be exactly black and white, even though the earlier that anyone comes around to bitcoin (even covertly), the better they are likely going to end up.. .. and yeah, maybe some of them are talking down bitcoin while they are secretly accumulating it, too?

Forced by whom? Will Trump threaten the EU again with Putler's orcs and North Korean idiots who are already dying on the Russian front? The US and the EU are completely different when it comes to Bitcoin and cryptocurrency in general - that's why the resistance in the EU will be much greater, especially because there are different national interests within the EU that can hardly be found to agree on much more banal things.

Who knows, maybe some of them play a double game and invest in BTC while on the other hand they attack it with all means - but the fact is that the average European does not have a very positive opinion of Bitcoin considering that the majority of European politicians are extremely negative towards Bitcoin.

You've probably already read it, but this is the agenda that the ECB and almost the entire EU have been pushing for years.

Quote from: https://www.reuters.com/technology/ecb-says-bitcoin-is-artificially-propped-up-shouldnt-be-legitimised-2022-11-30/

Bitcoin is being artificially propped up and should not be legitimised by regulators or financial companies as it is more akin to gambling, the European Central Bank said on Wednesday..."Since Bitcoin appears to be neither suitable as a payment system nor as a form of investment, it should be treated as neither in regulatory terms and thus should not be legitimised," Bindseil and Schaaf said.
In an email to Reuters, Bindseil said cryptocurrencies would be best framed as betting or gambling by regulators.
The authors added in the blog that the involvement of asset managers, payment service providers, insurers and banks with crypto "suggests to small investors that investments in bitcoin are sound".

This is why trump will support putin to attack europe. europe in general will need to make some very hard choices.

and they have a short window to decide if they will step up.

Basically they need to ship nukes to ukraine and feed ukraine tons of weapons.

they need to kick the usa out of nato and pay for nato invite Finland 🇫🇮 Sweden 🇸🇪 ukraine 🇺🇦 into nato.

Or fold and abandon Ukraine 🇺🇦 to Putin.

Its sad to see the amount of USA 🇺🇸 people that welcome the idea that Russia 🇷🇺 should whale 🐋 and crush the Ukraine
I have quite a bit of friends here in the USA that want USA 🇺🇸 RUSSIA 🇷🇺 CHINA 🇨🇳 TO become the next axis of power.

Tough to hear them say it. But not much I can do.