Bitcoin

Well this administration is determined to just destroy everything. This could light a fire under the new administration to go full btc bull.

Get ready for a buying opportunity.

cryptobriefing.com

DOJ cleared to sell $6.5B in Bitcoin seized from Silk Road

DOJ receives court approval to proceed with the $6.5B Silk Road Bitcoin sale despite ownership objections and volatility concerns.
cryptobriefing.com cryptobriefing.com


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Excellent, let the DOJ sell it, then we can buy it when the price is down. Then they can pay off some of the national debt with it (yeah right)
 
MountainTracker said:
Well there’s about 692 posts above that will tell you why people put value on BTC.

Enjoy the read.


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Click to expand...
I went through about half of the comments here. Most people are looking for a quick buck.

It seems like there are no fundamental behind it besides speculation that it will be worth more.

People originally went to crypto to bypass the government monopoly on currency. Now the government tracks seizes and taxes gains on crypto. Also the government most likely created bitcoin as social experiment to see if digital currency would work.

So I'll ask again why do people place value in crypto?
 
MCS said:
I went through about half of the comments here. Most people are looking for a quick buck.

It seems like there are no fundamental behind it besides speculation that it will be worth more.

People originally went to crypto to bypass the government monopoly on currency. Now the government tracks seizes and taxes gains on crypto. Also the government most likely created bitcoin as social experiment to see if digital currency would work.

So I'll ask again why do people place value in crypto?
Click to expand...

I would agree with you that 99% of crypto is about making fast $, but so is the stock market. There is really only a few in both categories that constantly bring returns over long periods.

You use the word crypto, when this thread is about btc. Yes btc is crypto, but not all cryptos are the same, just like every stock is not the same. Separate btc from the rest.

The word fundamental is used as a catch all to try and discredit btc. When you say fundamental what exactly do you mean or are looking for?

Exchanges are required to file reports with the SEC for tax purposes, just like every stock exchange. They can use on chain analysis to see what wallets have received or holds btc.

The gov is able to seize the btc through serving a warrant on a domicile and locating hard drives that contain btc, or locate wallet passwords that have been written down, or seize it through plea deals. Without one of those the gov would not be able to seize the btc.

What doesn’t the gov tax?

So the gov created a form to store value that would directly compete with its own currency and hoped that people wouldn’t adopt it so they could see if digital currency would work?

To answer your question again, you still have 346 posts to read to find out why people place value on btc.


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