MicroStrategy's infinite money glitch

People already can't afford food or shelter, and crime isn't being punished-
More...

You nailed it right on, as far as Woke Canada. People are now forced to dumpster dive for food, and crime isn't punished. And just look at the ridiculousness of even the big thefts going on here. Last year a bunch of ( can I dare say migrants?) executed what is now a 45 Million dollar gold heist right at the Toronto airport.

The kicker? Despite the police know who they are, none of them are even in jail right now, and they're allowed to roam free. All except for ONE member, who got caught in the US (Illegally) while attempting to smuggle guns across the border.

No, this is not the Onion, it's not a joke. This is how woke things are already.


At least they were smart enough to go for gold, and not useless greenbacks that will be worthless... :sneaky:
 
Last edited:
orbit23 said:
Is there an off-shore unregulated, unaudited company that issues fake dollars at will with no proof of backing and uses them to prop up the prices of precious metals and every day collectors items and artwork?
More...

Yes its called Tether. Tether actually holds more gold in its reserves than bitcoin lol. You are just making shit up at this point
 
Ed48 said:
What I don't know is how much Bitcoin still relies on the get-rich-quick crowd. They may not hang around forever if it stops producing fantastic returns.
More...

For me, Bitcoin is a savings account, a store of value, and during bull market when there are fantastic returns, able to withdraw enough to survive the next bear market cycle
 
johnarb said:
For me, Bitcoin is a savings account, a store of value, and during bull market when there are fantastic returns, able to withdraw enough to survive the next bear market cycle
More...

I don't know how many Bitcoin players think like you do. I suspect many are still in it for FNGU (fastest number goes up).

If people ever stop believing that Bitcoin will deliver FNGU...
 
Last edited:
Ed48 said:
I don't know how many Bitcoin players think like you do. I suspect many are still in it for FNGU (fastest number goes up).

If people ever stop believing that Bitcoin will deliver FNGU...
More...

The on-chain data is clear based on LTH and STH percentages, you can search on these terms and over 77% of hodlers never sell on the top (Druckenmiller quote)

Nocoiners are the ones that believe bitcoin is get-rich-quick, all hodlers have been through the joys and pains of holding long term for many years

I seem to recall your posts on the Bitcoin price thread during the bear market when bitcoin was below $20k and you were afraid to buy it because you did not think it would ever go back up again to all time high, you remember?
 
johnarb said:
I seem to recall your posts on the Bitcoin price thread during the bear market when bitcoin was below $20k and you were afraid to buy it because you did not think it would ever go back up again to all time high, you remember?
More...

Not sure I ever expressed that. Frankly I've no idea what Bitcoin will do short-term or long-term, and see no point in speculating where it will go. Maybe you're thinking of someone else?

However, I'll admit I do regret not buying when I considered doing so in early 2019 when it was sub-$5k. Oh well...
 
Ed48 said:
Not sure I ever expressed that. Frankly I've no idea what Bitcoin will do short-term or long-term, and see no point in speculating where it will go. Maybe you're thinking of someone else?

However, I'll admit I do regret not buying when I considered doing so in early 2019 when it was sub-$5k. Oh well...
More...

The irony is that the most difficult time to buy (or hodl and not sell) bitcoin is when the price is low during the bear market

The post below was after 1 year of bear market conditioning making everyone believe that bitcoin will never go back up above previous all time high

The price was $18k/btc

And just because bitcoiners hodl through the bear market, does not mean we are not emotionally affected seeing our net worth drop by over 70% and stay down

There's a couple of videos where OG's describe the emotional state nicely, one by American Hodl and the other by Junseth but I'm too lazy to look for it right now

upload_2024-4-24_16-48-25.png
 
johnarb said:
And just because bitcoiners hodl through the bear market, does not mean we are not emotionally affected seeing our net worth drop by over 70% and stay down
More...

You have to be very careful with this. For some folks, that sort of emotional turmoil could lead to serious mental illness.

I know if I had the bulk of my net worth in Bitcoin, and it dropped over 70%, I'd be in a very bad place.
 
Last edited:
Ed48 said:
You have to be very careful with this. For some folks, that sort of emotional turmoil could lead to serious mental illness.
More...

You mean there's truth to what the Senator says that we are a bunch of psychopaths??? :D

But seriously, after the 3rd bear market, it's no big deal anymore. Actually, during the bear market you see all the crypto bros (companies, teams, projects) are working hard building for the next bull market cycle

I did not know about this so I was late to a lot of projects in the early bull market of 2020, this time around I'm benefiting at the early stage of the bull market since last year until now, mainly the meme coins, granted still got out too early

Also after so much time, my conviction on Bitcoin is very very high, I'm just a broken record on the reasons, so no need to say anything more on it

Ed48 said:
I know if I had the bulk of my net worth in Bitcoin, and it dropped over 70%, I'd be in a very bad place.
More...

I'll make a guess that your net worth calculation is not liquid, and you have leveraged or debts as that is considered "normal"

I think of debt as slavery tool of the fiat debt-based slavery monetary system, whether it's in the form of credit card, student loan, home mortgage, car loan and all other forms of debt

I have no debts, I have cash in the banks for living expenses for our family that will last over 1 year, maybe even 2 and I never include those in the net worth/life savings consideration, and now just got a bonus of mstr options windfall, so fuck it, bitcoin going to bear market now would be a walk in the park (not that I'm wishing it)

And if I make even more with the mstr options, can probably live off the risk free interest of short term treasuries, our cost of living is low in Asia

I'm also prepared to go back to work, but I doubt I would need to


GEwZz7_XsAAbNeC
 
You must log in or register to reply here.
Back
Top