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A comment on The U.S. Government Has $5B in Bitcoin. Parent comment

Re:The U.S. Government Has $5B in Bitcoin by wholesomepotato on Monday October 16, 2023 @11:18AM (#37901026)
Your planning to scoop up some on the cheap? Because all it would do is to benefit buyers and price would bounce back very quickly.
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Re:The U.S. Government Has $5B in Bitcoin by FirmwareBurner on Monday October 16, 2023 @11:44AM (#37901468)
Bought on the cheap so that it can be dumped again once the patsies buy it and cause the price to surge and leave them holding the bags.
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Re:The U.S. Government Has $5B in Bitcoin by setgree on Monday October 16, 2023 @11:46AM (#37901514)
I might get a graphics card if the crypto market collapses, but I wasn't planning to buy any BTC.

Also, I think that if BTC falls below, say, 10K, a lot of loans are going to get called in suddenly, and we're going to see that a lot of people were swimming without trunks [0], i.e. mismanaging customer funds and assuming that the crypto market would go up indefinitely. In other words, I think the story we're learning now about Alameda is going to turn out to be a lot of people's story.

But we shall see!

[0] https://money.com/swimming-naked-when-the-tide-goes-out/

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Re:The U.S. Government Has $5B in Bitcoin by X6S1x6Okd1st on Monday October 16, 2023 @12:28PM (#37902236)
Bitcoin isn't typically mined with graphics cards. Ethereum was, but is no more. I don't think the price of graphics cards is high due to cryptocurrency anymore
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Re:The U.S. Government Has $5B in Bitcoin by aftbit on Monday October 16, 2023 @12:28PM (#37902252)
GPUs are already cheap again.
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Re:The U.S. Government Has $5B in Bitcoin by tossl568 on Monday October 16, 2023 @12:04PM (#37901834)
You think that all the Bitcoin believers who buy relentlessly each week without question will suddenlly stop if they can now get 3x as much BTC for their fiat? Oh my sweet summer child...
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Re:The U.S. Government Has $5B in Bitcoin by 1vuio0pswjnm7 on Monday October 16, 2023 @08:06PM (#37908396)
SBF is going to testify. His PR agent was asked "Will SBF testify" and replied "Does a bear shit in the woods". His lawyer is asking the court to allow him to take more Adderall so he will be approriately drugged up in the afternoon.

https://ia801508.us.archive.org/25/items/gov.uscourts.nysd.5...

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