Dodgy

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25 Responses to Dodgy

  1. Infidel Tiger says:

    What sort of Ponzi scam investment can be manipulated that much by one man? Certainly not one that is going to replace government issued currency.

  2. Neonborg says:

    The first tweet was manipulation. Let alone the the 3rd and 4th.

    Checkout the Vegas hyperloop to see a snake oil salesman in action

  3. stackja says:

    Bitser of a dog.

  4. stackja says:

    Yes, Chris.

  5. Primer says:

    Ho, ho….the Elon is talking his book.

  6. Infidel Tiger says:

    Market manipulation is all that keeps Tesla afloat.

    Hard to not admire Musk though.

  7. Mango Man says:

    Duh!

  8. Anonandon says:

    Bitcoin is not regulated like a securities market. Nor does it require it.

  9. K2 says:

    At what point do people realise Elon Musk is an actor and everything to do with him is fake? FMD

    Show us some more of your space rockets bro! LOL

  10. Anonandon says:

    What sort of Ponzi scam investment can be manipulated that much by one man? Certainly not one that is going to replace government issued currency.

    Right now it looks like a Ponzi. It is only 13 years old remember and has experienced incredible volatility. In ten years time it will be a different beast altogether and the Elon Musks of the world will have no influence whatsoever.

  11. K2 says:

    The one that came back to earth after it had flown, and landed perfectly perpendicular. That was my favourite rocket.

  12. Richard says:

    K2: June 15, 2021 at 9:26 pm

    Agreed.

  13. miltonf says:

    Remember how ratty and spiteful Musk got when HIS idea wasn’t used to rescue the kids in Thailand. Psycho.

  14. K2 says:

    The Thai cave rescue of the “soccer kids” was absurd and obviously fake. To anyone with a functioning brain.

  15. Dot says:

    K2 says:
    June 15, 2021 at 9:26 pm
    At what point do people realise Elon Musk is an actor and everything to do with him is fake? FMD

    Show us some more of your space rockets bro! LOL

    LOL m8 u fucken wat?

  16. Joe Blow says:

    It is inevitable that bitcoin will be volatile and react to news both good and bad. There are huge numbers of people that don’t understand it at all and got in to make a quick killing, having seen the price go up relentlessly over the last year or so. As soon as this run stalls they panic sell, causing large swings. Old timers just yawn, having seen this all dozens of times before, including a famous 99.5% drop in price 10 or so years ago.

    This is actually a good thing. The volatility tends to drive out people who are only speculating and aren’t in it for the world changing aspect of it. Thus early adopters – those that believe in its potential – stand to make the most gains. As some wag said: ‘People buy bitcoin at the price they deserve’.

    Truth is, volatility is way, way down over time and as the market gets larger it will be more difficult for influential people to affect the price. Already it is only a few people like Elon who can really affect the price and even then only temporarily.

  17. Dusty says:

    If Musk said he wasn’t going to accept AUD anymore for his cars or services, I suspect it would dip in a similar way. And I would also say he’s got a stake in a money-changers chain.
    To be honest, can’t wait for the widespread adoption of bitcoin. You’ve already got one island state that is using it as their currency. It also means you’re free of the government banking cartels as a nation.

  18. Eyrie says:

    K2 says:
    June 15, 2021 at 9:26 pm
    At what point do people realise Elon Musk is an actor and everything to do with him is fake? FMD
    Show us some more of your space rockets bro! LOL

    I suppose the Moon landings were faked, too? They obviously weren’t. The Nazi base there didn’t build itself after all./sarc

  19. rickw says:

    Musk’s Money Pump.

  20. Jock says:

    I dont know how Bitcoin is made, created or whatever, but like gold it is highly speculative and has seemingly little actual use. That said the market can be ramped or manipulated. But as it isnt really regulated, then all that can be said is : tough.

  21. Infidel Tiger says:

    If Musk said he wasn’t going to accept AUD anymore for his cars or services, I suspect it would dip in a similar way.

    Wouldn’t budge the AUD a tenth of a cent.

    Firstly more people buy horse carriages in Australia each year than Teslas, secondly the AUD is a respected currency not a speculators ponzi cult.

    You want to get rich with crypto, that’s fine. Make sure you’ve got your exit planned.

  22. Sinclair Davidson says:

    So is Woods a sour no-coiner like Krugman or does he hate freedom?

  23. Speedbox says:

    I know there are several Cats who are very pro Bitcoin. Good for you. I hope you make lots of money.

    But, everybody can be certain that if the major governments determine that BTC is undermining the traditional fiat money supply and their respective economies, BTC will be banned or limited. Exchanges will be shut down, purchases will be banned and so on. NOTHING will be allowed to threaten the financial well-being of government(s) and their capacity for money/wealth creation and subsequent accumulation/trade. The value and security of a nation’s financial system and its issued currency is predicated on the nation’s sovereignty, risk and financial mechanisms.

    Remember that BTC has no underlying valuing mechanism unlike shares in a company or even bonds – BTC’s ‘value’ is what the mob says it is.

    I have no doubt that blockchain technology will be part of the future of money, but that is a long way from saying that BTC (or others) will necessarily be part of the future. BTC is largely ‘tolerated’ and as nations move towards their own emoney equivalents, BTC may continue but only as an alternative form of ‘investment’.

    Never underestimate the capacity of governments to legislate and regulate against any form of opposition to their domestic dominance.

    Footnote: I have previously mentioned that I was a former BTC trader/holder (HOLDR). I made obscene % returns so am not ‘anti BTC’. I agree with IT – make sure you have a solid exit plan and for goodness sake, don’t put your house on it.

  24. Dusty says:

    >Remember that BTC has no underlying valuing mechanism unlike shares in a company or even bonds – BTC’s ‘value’ is what the mob says it is.
    I would say it’s actually the strength of encryption. There’s only a finite amount of them, ever, until somebody with an obscenely powerful quantum computer renders it irrelevant.

    >But, everybody can be certain that if the major governments determine that BTC is undermining the traditional fiat money supply and their respective economies, BTC will be banned or limited.
    Which is why the tech already exists to create black market economies with bitcoin, ala the tap devices already used on phones?
    Never underestimate the utter stupidity of governments.

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