Bitcoin Price Thread
- Thread starter Magna
- Start date
I wish I could buy calls at like 100,000 I would buy so manyIn before @wxytrader says told you so!
And then I found the thread on MSTR. Almost forgot.
Ok, that is quite an accusation. And generally these extraordinary claims require extraordinary evidence.
- Who is this 'they' you are blanket statementing?
- What is the actual 'scam'?
- You're telling us that even the smart 'institutional' clients are also dumb and blind-sighted?
But you, a troll on an internet forum, is so much smarter than these guys in high-finance. Why aren't you managing a billion dollar hedge fund right now with that sort of superior expertise over everyone else?
This is really the thing. If bitcoin collapses, then how on earth will anything work in this world. Bitcoin truly is that release valve as they say. Every year, more and more people open their eyes and start the journey to the other side. Then, when the ultimate collapse happens, its actually not going to be as painful. Hopefully everyone at this point has a family member who bought some bitcoin, or prepared in some way.
If bitcoin was to blow up tomorrow, and we are all forced to go back to fiat, does this really make it any easier for the fiat system? The math of the fiat system just doesn't work anymore once you reach certain levels. There can't be a Volker this time around because the debt is too high, and anything above 5% rates crashes the whole system. But as Harris talks more and more about coming down hard on corporations to control prices, we all know that means price controls which never has good outcomes. In the fiat world, because its so broken, the only solution is totalitarianism if there is no alternative to fiat.
Orbit.. I know you're reading, watch this most recent episode of What Bitcoin Did. It is truly inspirational. This is what awaits the US if we don't get off of fiat.
And I should also follow up with this amazing interview with Brent Johnson. The collapse of USD is likely not happening this year or next, and I know he has been saying this for years so its nothing new, but he outlines so well why its going to be the dollar strength that kills the whole system.
Now that his speculation has been around for years and we have seen this unfolding, his theory is spot on. The weak USD is actually necessary to keep it all together, but as we see, the USD keeps getting stronger, and more and more people keep fleeing to the dollar. But it seems like once this rotation is complete and the USD outperforms everything else, that is when it ends for the dollar. It all actually makes very logical sense.
Now that his speculation has been around for years and we have seen this unfolding, his theory is spot on. The weak USD is actually necessary to keep it all together, but as we see, the USD keeps getting stronger, and more and more people keep fleeing to the dollar. But it seems like once this rotation is complete and the USD outperforms everything else, that is when it ends for the dollar. It all actually makes very logical sense.
Sure, the DXY, but against JPY, well we all know what happened there. Once it starts going the other way though, then it will make things difficult again. Even Trump is I think saying the dollar needs to be weaker. But as the rest of the world rushes towards the dollar, it probably won't be able to be stopped.
Doh!You calling me a dumbo?
Suit yourself, but I'm not a slave tick-fucking the charts for fiat...
Ya one extreme to 'nother - hodler to intraday tick slave, no inbetween.
Yes same as the index, UJ is also at 7 month low.