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Re: Is Bitcoin an imploding ponzi??...
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Re: Is Bitcoin an imploding ponzi??...
Has anyone in history been quoted so much while saying so little?
Originally Posted by
Mike Murphy
“Bitcoin crashing. Great news,” tweeted “Rich Dad, Poor Dad” author Robert Kiyosaki on Sunday, saying it provides a good buying opportunity. “When price hits $27,000 I may start buying again. Lot will depend upon global-macro environment. Remember the problem is not gold, silver, or Bitcoin. Problem are the incompetents in government, Fed & Wall Street. Remember gold was $300 in 2000.”
In April, Kiyosaki predicted in an interview that bitcoin’s price would top $1 million in the next five years. Still, he said he prefers gold and silver as an investment, calling it “God’s money.”
Bitcoin is headed toward its worst month since 2011; ‘Rich Dad, Poor Dad’ author says that’s ‘great news’ - MarketWatch
Why buy Bitcoin on a maybe at $27k if it's going to hit $1M in five years??? Why buy BTC at all if Kiyosaki prefers gold and silver as an investment? I remember years back when people went hunting for Rich Dad, and then they went looking for Kiyosakis real estate, the only thing I think anyone ever found was his apparent failure in Amway. And by failure I mean as a distributor not a book peddler.
Originally Posted by
Lazy Man
Robert Kiyosaki - Rich Dad Secrets
Author of Rich Dad, Poor Dad files for bankruptcy
Stupid A$$ Theories of Robert Kiyosaki
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Re: Is Bitcoin an imploding ponzi??...
Speculation based on news, tweets, or a deal you were pitched on Facebook isn't investing. More like a game of musical chairs at your friend's birthday party, only not a party not your friends and your wallet gets pulled when the music stops.
Originally Posted by
Mike Murphy
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Re: Is Bitcoin an imploding ponzi??...
How sensible is it to put yourself in a heads they win, tails you lose but they still win investing situation?
Maybe Saylor walks away from his BTC purchases looking like a genius, maybe he slinks away a fool. According to Just a moment... he owns 23.7% of MSTR shares which aint nothing. If he's so pot committed to BTC I ask myself why not pledge his shares and take a loan to buy BTC for his own account? Too much money chasing Senior Secured Sorta Kinda Secured-ish Debt may prove a viable answer.
Originally Posted by
Jamie Powell
MicroStrategy, a $4.6bn bitcoin asset gatherer masquerading as a tech company, is doing what every gambler is warned against doing: doubling down. After chief executive and large boat enthusiast Michael Saylor spent the weekend at the bitcoin conference in Miami not being a bro, the company announced Monday that it was, you guessed it, raising $400m of senior secured debt to add to its stash of 92,079 bitcoins. The debt will be secured against MicroStrategy’s assets, excluding its current bitcoins and digital assets, which have been parked in a vehicle named MacroStrategy LLC (somewhat ironically, given the seeming lack of macro strategy, or of any strategy at all).
https://finance.yahoo.com/m/4a6e0cb3...les-down.html]
Originally Posted by
STEPHEN GUILFOYLE
Originally Posted by
Lawrence Lewitinn March 3, 2021
Back of the envelope
Yet, it should be noted that while MicroStrategy bought bitcoin at $24,063, which now looks like a bargain, it’s a different story for anyone buying MSTR stock now.
The company’s market cap is now about $7.2 billion. As of March 2, $4.4 billion of its assets were in bitcoin. Around the time it first announced its bitcoin buys, MicroStrategy’s market cap was just $1.3 billion. To buy all that bitcoin it now owns, the company at first used some cash, somewhere to the tune of around $425 million. In recent months, it has issued a total of $1.7 billion in convertible notes that, if turned to equity, could add a couple million shares to the nearly 10 million already outstanding (that’s another discussion).
How to Buy Bitcoin at an 80% Premium From Michael Saylor - CoinDesk
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Re: Is Bitcoin an imploding ponzi??...
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Re: Is Bitcoin an imploding ponzi??...
Followers of RealScam missed out on all this fun...
Originally Posted by
Alexander Osipovich
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Re: Is Bitcoin an imploding ponzi??...
Who could have seen the vanishing act coming? It's not as if these days you can just parrot meaningless tripe and people will willingly cough up millions.
Originally Posted by
by NewsBTC
LUB token, a new cryptocurrency that is currently shaking up the market
The LUB token is the first cryptocurrency that can be traded directly on the increasingly popular Telegram messenger service. LUB is conquering this 500,000-million-member marketplace, making it a pioneer in an industry already full of innovation.
LUB is an ERC-20 token that is generated via the well-known and secure Ethereum blockchain
LUB - First Crypto Exchange Inside Telegram
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Re: Is Bitcoin an imploding ponzi??...
A kindred spirit.
Originally Posted by
Vitaliy Katsenelson
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Re: Is Bitcoin an imploding ponzi??...
If you give a bunch of money to a bunch of kids a bunch of times...
Originally Posted by
Cheyenne Ligon
However, shortly after the so-called hack, Africrypt’s founders – 20-year-old Ameer Cajee and 17-year-old Raees Cajee – allegedly transferred the pooled investor funds from an account at Johannesburg-based First National Bank (FNB) and disappeared to the U.K.
Founders of South African Crypto Investment Firm – and $3.6B in Bitcoin – Are Missing - CoinDesk
However, the government’s ability to investigate the matter is constrained by the lack of regulatory framework on digital assets in South Africa, which does not consider cryptocurrencies a financial product.
Less sweaty than robbing stagecoaches this new paradigm in money.
Originally Posted by
Black Bart
Here I lay me down to sleep
To wait the coming morrow,
Perhaps success, perhaps defeat,
And everlasting sorrow.
Let come what will, I'll try it on,
My condition can't be worse;
And if there's money in that box
'Tis munny in my purse.
Black Bart (outlaw) - Wikipedia
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