Indeed. The US is going to roll out a USA digital currency much more quickly now. And I'm not judging it until I know more about it. But, right now I just choose to use Bitcoin as my digital currency. That could easily change when US rolls out their own digital currency.
Crypto Market Reaches $2 Trillion in Value, XRP on the Rise
- Thread starter mlawson71
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Indeed. The US is going to roll out a USA digital currency much more quickly now. And I'm not judging it until I know more about it. But, right now I just choose to use Bitcoin as my digital currency. That could easily change when US rolls out their own digital currency.
*** Personal opinions below based on things I've read and videos I've seen
US $ is a scam. In cryptos, we call it a shitcoin to steal value from the suckers who hodl it. It is designed to be debased and boy, did they do a great job in the past year by printing trillions of it
US publicly listed companies know about the $ scam and they use the near 0 interest rate to issue debts. Money is cheap
The rich know there's a serious problem with all this printing of money. Paul Tudor Jones talked about it last year when he invested in bitcoin (futures)
The rich and powerful kept pressuring their contacts at Goldman Sachs and Morgan Stanley they want to buy bitcoin as an inflation hedge but these guys are slow and when they finally do, they put restrictions, like 5% allocation or $2M and $25M account minimums
Shit, the normal people like us have been able to buy bitcoins for many years and we don't need no fucking permission or restrictions. We're able to front run the rich guys and buy bitcoin
If you're scared to hodl bitcoin and prefer $, you're the one that's going to need the luck. That $ is a shitcoin. It's a scam to devalue your hard work and they will continue to print more of it
I don't own a single stock or bond. Aside from $ in the bank for 1.5 years of living expenses and paid off car, all our net worth are in bitcoins and cryptos
Viacom and Discovery shareholders did not think a severe price correction can happen in a short time
In this bitcoin bull market, I don't worry about a 50% crash because it's not going to happen. Bitcoin will hit $100K, but it's not stopping there
The risky asset to hodl is US $, not bitcoin
US $ is a scam. In cryptos, we call it a shitcoin to steal value from the suckers who hodl it. It is designed to be debased and boy, did they do a great job in the past year by printing trillions of it
US publicly listed companies know about the $ scam and they use the near 0 interest rate to issue debts. Money is cheap
The rich know there's a serious problem with all this printing of money. Paul Tudor Jones talked about it last year when he invested in bitcoin (futures)
The rich and powerful kept pressuring their contacts at Goldman Sachs and Morgan Stanley they want to buy bitcoin as an inflation hedge but these guys are slow and when they finally do, they put restrictions, like 5% allocation or $2M and $25M account minimums
Shit, the normal people like us have been able to buy bitcoins for many years and we don't need no fucking permission or restrictions. We're able to front run the rich guys and buy bitcoin
If you're scared to hodl bitcoin and prefer $, you're the one that's going to need the luck. That $ is a shitcoin. It's a scam to devalue your hard work and they will continue to print more of it
I don't own a single stock or bond. Aside from $ in the bank for 1.5 years of living expenses and paid off car, all our net worth are in bitcoins and cryptos
Viacom and Discovery shareholders did not think a severe price correction can happen in a short time
In this bitcoin bull market, I don't worry about a 50% crash because it's not going to happen. Bitcoin will hit $100K, but it's not stopping there
The risky asset to hodl is US $, not bitcoin
I see you guys believe the US $ is worthless, but it still holds its own against other major currencies. You switched to Bitcoin but it is far less stable than the USD. Certainly the expectation is that BTC will rise in value so I can understand the speculative investment, but as a replacement for the USD... why? Serious question.
I follow it competently, and time will tell if you are right or not. I said few times that I made a mistake, waiting for serious pullback otherwise not chasing.
Are there any concrete plans about doing that?
Personally, I'm not replacing the method of payment functionality of the USD with bitcoin, but only the store of value functionality of the USD
Michael Saylor has talked about this on many youtube videos. He did not want to lose the purchasing power of Microstrategy year after year and he decided on bitcoin as a hedge. He looked at stocks, gold, bonds, and other fiat currencies, first
His explanation is much better than mine, search on youtube or let me know if you cannot find it and I'll post it here
what is happening in crypto is unbelievable if you choose to look into it. it is not as easy to see in the US because of regulations. crypto has some serious momentum behind it now and is past the point of going away completely. not saying there couldn't be huge setbacks. but every day that passes the likelihood of setbacks gets less and less as it becomes more integrated into global economics and things like outright banning would cause systemic problems our overlords prefer to avoid.
I was waiting for the XRP to rise for a long time already. Many people said that it's a waste of time to invest in XRP, but as I see this year, it will rise to at least $2. Hope that by 2025 it will reach $10, and maybe even more. I have seen analytical statistics where it was written that it can rise to $114 by 2028. I don't think it will rise so high, but I will believe in it. You can also check those statistics on https://uphold.com/en/assets/crypto/buy-xrp.
