Re: Bitcoin clears 20k
[Re: white17]
#7196363
02/25/21 11:49 PM
02/25/21 11:49 PM
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Joined: May 2010
Posts: 10,485 MN
Steven 49er
trapper
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I think if/when the stimulus bill passes we will see a sell off , not a rally. But I think, in the long run we will see 4450 or thereabouts on the S&P by year end. It won't be fun getting there though. 15 plus percent increase. I suppose anything is possible with multiple more stimulus bills, plus the FED will reignite QE. The free market is increasing bond yields, the FED won't tolerate that much longer.
Last edited by Steven 49er; 02/25/21 11:49 PM.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Bitcoin clears 20k
[Re: Steven 49er]
#7196594
02/26/21 10:10 AM
02/26/21 10:10 AM
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Joined: Mar 2007
Posts: 35,175 McGrath, AK
white17
"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,175
McGrath, AK
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I think if/when the stimulus bill passes we will see a sell off , not a rally. But I think, in the long run we will see 4450 or thereabouts on the S&P by year end. It won't be fun getting there though. 15 plus percent increase. I suppose anything is possible with multiple more stimulus bills, plus the FED will reignite QE. The free market is increasing bond yields, the FED won't tolerate that much longer. The fed may not like it but there isn't much they can do about it. If they start pumping more cash into the system it will just drive the 10 year note's yield that much higher. The fed is really in a bind IMO.
Mean As Nails
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Re: Bitcoin clears 20k
[Re: SNIPERBBB]
#7197605
02/27/21 12:15 AM
02/27/21 12:15 AM
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Joined: May 2010
Posts: 10,485 MN
Steven 49er
trapper
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IMHO the FED has been in a bind since they tried to solve the 08 crisis by lowering rates to zero and QE.
Tjey will have to pump more money into the system. It isn't the right thing to do but they'll do it anyway.
Last edited by Steven 49er; 02/27/21 12:15 AM.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Bitcoin clears 20k
[Re: SNIPERBBB]
#7198400
02/27/21 06:26 PM
02/27/21 06:26 PM
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Joined: May 2010
Posts: 10,485 MN
Steven 49er
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Ken, no way can they let rates rise. They will destroy the $ before they figure out how bad they messed up although they will blame it on the Russians(sarcasm)
Last edited by Steven 49er; 02/27/21 06:28 PM.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Bitcoin clears 20k
[Re: Steven 49er]
#7198641
02/27/21 09:31 PM
02/27/21 09:31 PM
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Joined: Mar 2007
Posts: 35,175 McGrath, AK
white17
"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,175
McGrath, AK
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Ken, no way can they let rates rise. They will destroy the $ before they figure out how bad they messed up although they will blame it on the Russians(sarcasm) For sure there is no way THEY will raise rates but the bond market is a pretty powerful thing. It really ISN'T a joke about the Russians..... The Iranians, Chinese and Russians are all deeply involved in Bitcoin mining in an attempt to dethrone the dollar as the world's reserve currency.........So it really IS the Russians !
Mean As Nails
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Re: Bitcoin clears 20k
[Re: SNIPERBBB]
#7198865
02/28/21 12:03 AM
02/28/21 12:03 AM
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Joined: May 2010
Posts: 10,485 MN
Steven 49er
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It's not the Russians fault we decided to become a consumer driven economy backed by debt.
It wasn't the Russians fault we abandoned a sound money policy when it comes to our money.
It's not their fault federal government has 160 trillion dollars in unfunded liabilities.
The bond market, ie the free market, is a powerful thing and eventually it will win. I don't think today is the day though. If the free market is allowed to raise long term interest rates it will destroy the housing bubble and for then for sure it's game over.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Bitcoin clears 20k
[Re: SNIPERBBB]
#7198866
02/28/21 12:07 AM
02/28/21 12:07 AM
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Joined: May 2010
Posts: 10,485 MN
Steven 49er
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Anyways, bitcoin is down to 44 and change, possible buying opportunity coming up.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Bitcoin clears 20k
[Re: SNIPERBBB]
#7214246
03/13/21 10:01 AM
03/13/21 10:01 AM
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Joined: May 2010
Posts: 10,485 MN
Steven 49er
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60,415 was the high according to coinbase.
100k in 2021? Or zero?
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Bitcoin clears 20k
[Re: Steven 49er]
#7214317
03/13/21 11:04 AM
03/13/21 11:04 AM
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Joined: Dec 2006
Posts: 17,652 Rodney,Ohio
SNIPERBBB
OP
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OP
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60,415 was the high according to coinbase.
100k in 2021? Or zero? Former is more likely than the latter. Unless an EMP happens or cryptos are criminalized.
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Re: Bitcoin clears 20k
[Re: SNIPERBBB]
#7239769
04/10/21 08:57 AM
04/10/21 08:57 AM
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Joined: Nov 2014
Posts: 1,368 Texas
jtg
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Texas
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