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    150k bitcoin predicted by lee,,..1 billion by others!!

    It's ok to disagree about all of this. I was just trying to plant a seed. If you want to continue to have faith in USD, you are welcome to keep your eyes shut and carry on.
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    Index futures automation

    I just don't get it. The results you show are better that everyone here, expect for maybe @theapprentice . What they never show is the complete picture, so who knows how many points they actually make. Your manual trading is has exceptionally well, and you haven't even come close to your...
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    150k bitcoin predicted by lee,,..1 billion by others!!

    You're right, based on the current system we operate in. Of course you take a loan out in dollars that devalue, so in 10 years, that monthly payment is way easier to manage because of depreciated dollars. But that is why an average house is $500k or $1M depending on location. The price of all...
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    150k bitcoin predicted by lee,,..1 billion by others!!

    Oh, and with this last point, I am sympathetic as well. It could crater and wipe out a shit ton of wealth, or it can go to the moon and leave everyone else who doesn't have any in the poor house. The US banning it was a threat at some point, and why I didn't get in at a much earlier date. I...
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    150k bitcoin predicted by lee,,..1 billion by others!!

    But this is the thing. You don't loan your bitcoin. And this is because you don't need to. When you save money, you need yield because it goes down in value. When rates were 6, 7 or 8%, you could likely keep your purchasing power, but this all went out the window after 2008. Saving dollars...
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    MicroStrategy's infinite money glitch

    Exactly right! Now this could be a little bit of a repeat from 2000 with companies just putting .com in their name, so this could be seen as just hype, but lets look at it a different way. When those early internet companies just put .com in their name, nothing really changed. The company...
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    150k bitcoin predicted by lee,,..1 billion by others!!

    If you look at some studies on real estate, you find that it doesn't return much when you factor in maintenance, property taxes, management fees, etc. And this was even during the historic bull run of the past 20 years thanks to low interest rates. Going forward, I think many investors will...
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    150k bitcoin predicted by lee,,..1 billion by others!!

    I don't want to speak for John, but here would be my answer for you. You're forgetting the most important aspect of where we think bitcoin is going. It will underpin the entire financial system. When you price a painting, it will be priced in bitcoin. When you price a house, it will also be...
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    150k bitcoin predicted by lee,,..1 billion by others!!

    I knew it. Every single person who trashes bitcoin has a flawed understanding about it. You are right that bitcoin only exists within the network. And the network only exists because of the nodes and miners. But this is something that can actually be monitored in real time. If the network...
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    People are selling silver

    I dumped all my silver this spring/summer. The price wasn't nearly as good as now, but since I converted to bitcoin right away, I am already much further ahead. The whole experience taught me how stupid it was to actually own it in the physical form. Its very difficult to use. You have to...
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    Bitcoin Price Thread

    I swear that when I first started reading this line, I thought you were talking about the Fed, and that you finally flipped!!! hahahahaha.... Yes, the Fed absolutely prints money out of nothing and hence why we have bitcoin. :D Its really amazing how close you are to getting it. You're...
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    Bitcoin Price Thread

    To be honest though, if adoption is already getting dispersed, why is the price not moving higher? I understand that maybe when we break above 74k, there might not be as many sellers, so getting to 100k might be easy, but I still think that if there are already so many firms with bitcoin...
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    Bitcoin Price Thread

    When it comes to bitcoin, you keep looking at it all wrong. Its not supposed to produce anything. Money is just a ledger. I do some work, and I get paid. The money I'm paid is a ledger entry to prove to someone else that I did work. I can take this ledger entry and buy something for it...
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    150k bitcoin predicted by lee,,..1 billion by others!!

    This is exactly what I'm doing. And all you're saying once again is how wrong I am. You aren't even thinking that you're the one that might be wrong. I can admit to a few issues that I outline below, but you haven't even once suggested that there is even a small chance that you might be...
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    Ending the Deficit

    At this point, democracy is a sham as well. All it really is is voting in the person who will promise you the most free stuff. Politicians lie just to stay in office.
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    Ending the Deficit

    But you already have Democrats in power and everything is going to shit. Its like seeing the Titanic sinking because it has a hole and thinking a bigger hole will prevent it from sinking. It makes no sense to assume more of the same will make things better if the government has already made...
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    150k bitcoin predicted by lee,,..1 billion by others!!

    This works both ways. You might be spectacularly wrong. So the question is how do you decide which it is? Too many people start with the idea that they know they are right based on some core belief they have, but what if that belief is flawed? You can go back a few years here and read me...
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    Index futures automation

    I often wonder about this as well. I mean it feels good to scale into a position and then be able to exit both contracts without a loss, but sometimes it makes the loss even worse because you can't get a BE exit, and when you do get the BE exit, you didn't make any profit, just avoided a loss...
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    Ending the Deficit

    Am I to understand that you're now hating Bitcoin outside of it being just a trading vehicle?
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    Ending the Deficit

    It's funny how you think a government having control over the money is good for you.
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