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TexasTowelie

(117,527 posts)
Mon Nov 11, 2024, 09:47 AM Nov 11

Bitcoin Explodes Due to Trump - Joe Blogs



In this video I talk about why Bitcoin has surged to a record high following Donald Trump winning the USA Presidential Election and why this is having such a positive impact on Crypto Prices.

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There will be some winners with this gamble, but there will be even more losers. However, with the threat of Trump ruining the economy I can understand why some people may want to get out of the dollar and into another asset class.
11 replies = new reply since forum marked as read
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Bitcoin Explodes Due to Trump - Joe Blogs (Original Post) TexasTowelie Nov 11 OP
Wait till it crashes and... kirby Nov 11 #1
It's not government backed or guaranteed. TwilightZone Nov 11 #3
Bad move.. Lovie777 Nov 11 #2
The market is going crazy on worthless stuff RainCaster Nov 11 #4
"There is no value in those." TwilightZone Nov 11 #5
Invidia has more orders recorded than AMD & Intel combined RainCaster Nov 11 #6
Wait till Trump starts issuing his threats,it will crash. BradBo Nov 11 #7
During the dotcom era, my brother would say louis-t Nov 11 #8
I guess 6 bankruptcies doesn't mean anything ....everything he touches dies PortTack Nov 11 #9
And he WILL screw this up. louis-t Nov 11 #10
Not one word about it being a dirty money-laundering paradise... Justice matters. Nov 11 #11

RainCaster

(11,648 posts)
4. The market is going crazy on worthless stuff
Mon Nov 11, 2024, 10:01 AM
Nov 11

Between Bitcoin and Truth Social stock going up like crazy, I shake my head. There is no value in those. What happens when they crash? Bubba will want a bailout, but there will be no money in the coffers to pay for it. So debt goes up like it always does under Republican rule.

TwilightZone

(28,834 posts)
5. "There is no value in those."
Mon Nov 11, 2024, 10:14 AM
Nov 11

The value is whatever someone will pay for them. Overvalued stocks and other investments that aren't supported by commensurate assets are nothing new, particularly in the past 30 years or so. We had an entire tech boom and crash that was because of almost nothing but overvalued stocks.

Is nvidia Corp currently worth $3.5 trillion? Do they have assets to support that value? Nope.

RainCaster

(11,648 posts)
6. Invidia has more orders recorded than AMD & Intel combined
Mon Nov 11, 2024, 10:27 AM
Nov 11

Yeah, I know it's not hard assets, but much of the hard assets Intel reports are actually liabilities. They are touting some very old manufacturing plants that are environmental disasters IMO.

louis-t

(23,777 posts)
8. During the dotcom era, my brother would say
Mon Nov 11, 2024, 10:27 AM
Nov 11

"they're selling air". Investors are still buying into djt, which has never shown a profit and lost over $60 million in 2 years.

Justice matters.

(7,585 posts)
11. Not one word about it being a dirty money-laundering paradise...
Mon Nov 11, 2024, 01:06 PM
Nov 11

Welcome to a world without morals and true justice.

With climate change coming up big, it won't last long.

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