@Laissez Faire
Since your very good with your stats, driving that Bitcoin has always come back after dropping 70-90%, isn't think 16k an excellent entry? Yes, I can hit 10k, or maybe lower, but the past 4-5 cycles show it always comes back.
Conversly, each fiat throught history has collapsed, 100%. Maybe some people don't live through it since it takes usually 100 years, but we are at the point now.
I know it's very difficult to imagine a system that is different than the one we all know. We just assume inflation with steal a little bit every year and they print a little more and life goes on. But eventually the system hits a brick wall and then it's mass chaos. What if we are in the 9th inning of what is possible with the current monetary system?
The Fed needs high interest rates to tame inflation so poor people don't revolt. But even the government cannot afford these high rates. As the treasuries have to roll over every few months, the costs get higher. It's an expense that cannot be paid. And high rates don't even cure the reason for this inflation.
For me the writing is on the wall. But yes, maybe it drags on another 5 years. But what I also believe is that as we deglobalize and countries don't trust eachother, Bitcoin is what will unite us all. Some say Putin started the war because he didn't want his oil priced in depreciating dollars. If the USD loses status, what will people turn to? Even gold isn't the answer as it's expensive to ship and you can't trust reserves. Bitcoin will be adopted.
Since your very good with your stats, driving that Bitcoin has always come back after dropping 70-90%, isn't think 16k an excellent entry? Yes, I can hit 10k, or maybe lower, but the past 4-5 cycles show it always comes back.
Conversly, each fiat throught history has collapsed, 100%. Maybe some people don't live through it since it takes usually 100 years, but we are at the point now.
I know it's very difficult to imagine a system that is different than the one we all know. We just assume inflation with steal a little bit every year and they print a little more and life goes on. But eventually the system hits a brick wall and then it's mass chaos. What if we are in the 9th inning of what is possible with the current monetary system?
The Fed needs high interest rates to tame inflation so poor people don't revolt. But even the government cannot afford these high rates. As the treasuries have to roll over every few months, the costs get higher. It's an expense that cannot be paid. And high rates don't even cure the reason for this inflation.
For me the writing is on the wall. But yes, maybe it drags on another 5 years. But what I also believe is that as we deglobalize and countries don't trust eachother, Bitcoin is what will unite us all. Some say Putin started the war because he didn't want his oil priced in depreciating dollars. If the USD loses status, what will people turn to? Even gold isn't the answer as it's expensive to ship and you can't trust reserves. Bitcoin will be adopted.
