83 Comments
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President-Elect Zio's avatar

Agree. Me think one more downmove in BTC (maybe @ 24,000) is possible. BUT 26,000 is a BUYING opportunity now imo. Am invested and expect a (real) rocket. (My) next target is @ 44,000. Good Luck @ all.

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Straw Man's avatar

You can buy it for a couple of bucks with fiat I don’t see a problem

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Lance's avatar

In order for ANY asset to be in a bubble it MUST be widely held. Bitcoin is not widely held, not by any stretch of the imagination.

so far i have not touched Bitcoin.......i do not understand it so hence i have stayed away from it.....

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President-Elect Zio's avatar

Wise decision. Rule No. 9: Dont buy assets or derivatives you dont understand.

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Aug 24, 2023
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Lance's avatar

you know for sure that if you can't feel that pair of tits........they aren't real..........lol

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LeastMostWanted's avatar

This is just silly people wishing evil on others. Why they would be joyful if others lose money is very telling. No one invested in BTC thinks this is a bubble, too high some might think, but not a bubble. Somewhere in these peoples mind if wishing bad on others.

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Bryan Cecilio's avatar

Excellent concise summary Greg. Spot On!

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Andy Buchanan's avatar

I don’t understand crypto … so I leave well alone

Sticking with Siver

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Wade's avatar

Bitcoin isn't crypto...

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Tom Plesser's avatar

Please explain that statement. Has anyone seen a real bitcoin?

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Wade's avatar

Here is the open public ledger entry for the first block of BTC ever mined. The BTC ledger is the most immutable, secure, trustless, verifiable, decentralized recording system ever invented.

https://www.blockchain.com/explorer/addresses/btc/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

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Straw Man's avatar

Sex workers disagree

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Andy Buchanan's avatar

So I really don’t understand Bitcoin and crypto

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President-Elect Zio's avatar

Wise decision. Rule No. 9: Dont buy assets or derivatives you dont understand.

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Andy Buchanan's avatar

I that ! Rule No. 9

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M. Sterling's avatar

so much appreciate your insights, Greg!

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President-Elect Zio's avatar

Who is MARC FRIEDRICH?

Let's say he's the german version of GREGORY MANNARINO. (Hear that @ Greg?)

He addresses many topics with a financial focus.

And he interviews interesting people on his Youtube channel. I would welcome it if he would soon have G. Mannarino in the program as well. (What do you think @ Greg?)

I will gladly establish contact.

...

Todays Guest is MARTIN ARMSTRONG (which I appreciate much) who says the year 2032 is THE year.

Watch by yourself: https://www.youtube.com/watch?v=nsHE5A-WDvQ

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President-Elect Zio's avatar

Ceterum censeo Carthaginem esse delendam

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Tom Plesser's avatar

I sold my bitcoin 2.5 years ago when it hit 50k. My concern then as it is now, the general economy I saw was getting weaker. I thought this was a good opportunity to sell it and just have not gone back in because of the Biden economy. With all the uncertainty I believe many investors are on the sidelines waiting to see how this all plays out.

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Vic's avatar

I have owned crypto in the past. 5 or 6 of them Bitcoin included. Call me a pessimist, but IF the powers that be, who want to control us and destroy our way of living, unplug or regulate the internet, it’s could all disappear in a flash. I feel in the climate we are in the risk outweighs the benefits.

I’m probably wrong, but I don’t trust the system at all. 🤷‍♂️

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President-Elect Zio's avatar

Me expect a massive upmove before the downfall. I think silver will also be undesirable with a CBDC launch. >>> Black Market is fun.

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Carter's avatar

Correct.. Bitcoin has the value of portability, scarcity and anonymity. However, as we saw in 2020, ALL good assets get sold in the pan selloff of panics/crashes.. gold, silver, crypto to cover the leveraged, marginalized assets. So, Bitcoin will have the requisite selloff as we come up into our panic cycle this fall. I suspect for the narrative around "Covid 2.0" lockdowns coming is the way they will explain the upcoming cycle crash- a crash that is due to happen regardless of lockdowns.

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President-Elect Zio's avatar

Silver has fallen only valued in USD. Real silver holders, strong hands (like me :-), do not care about the price in USD. And they didn't sell either, they bought. Think paper silver vs real silver.

This is our timeline:

https://cbdctracker.org/

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Straw Man's avatar

🤣😂 Jesus was betrayed for 30 pieces of silver that should show you the value

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A.Wolven's avatar

Let's discuss... 'What if' BlackRock is the 'Creator of Bitcoin?

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Beca Del Oeste's avatar

Doesn’t matter. In that scenario, they created something they have no control over whatsoever

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A.Wolven's avatar

Is it?

The user will be the addict with his desire...😌

His greed has trapped him within the system

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George Reichel's avatar

I don't believe that the dollar value of anything is of any real significance with the banksters in control.Everything excepting gold/silver are nft's

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MoodyP's avatar

Bubble? What bubble? Maybe the bubble that has produced a 12.35% return in the past month by being short. Target-25k. Next target-22k. Then 15k. Then 5k or below. Take all the gains from being short and back up the truck.

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Carl M. Welch's avatar

Precisely. Bitcoin is not widely held so it cannot be a medium of exchange. Gold and silver are not a medium of exchange in the U.S. because they are not widely held. The tough part is that foreign governments are accumulating gold and silver for exchange purposes but the average people don't have much if any. No governments care about the people, only about their greedy selves. All will fail when they run out of or kill off their slaves. (See also feudalism.)

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Gini's avatar

Bitcoin is held by a bunch of psychopaths that will never sell and hate the federal reserve.

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Dr. Joseph Monteleone's avatar

The way your mind thinks is a wonderment in itself, useless trot.

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Beca Del Oeste's avatar

Would you prefer they love the federal reserve? Would that be non-psychopathic?

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Randy Best's avatar

Bitcoin is fool's gold. Some unknown guy writes a white paper...........

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Beca Del Oeste's avatar

That’s a great summary………..

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A.Wolven's avatar

Maybe BlackRock invented Bitcoin...

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Randy Best's avatar

Could be. Anything is possible these days.

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