That's not true. They are not too late.
It is true that bitcoin has pumped
It is true that bitcoin has pumped a lot
It is true that it would have been better getting in earlier
It is NOT true that bitcoin does not remain a great investment with a lot more upside potential
It is NOT true that nocoiners are too late
This all true. We can lead horses to water, but we can't make them drink at the fountain of Bitcoin. They would rather drink at the shitcoin fountains, get poisoned, and die. Because greed and ignorance. |
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The sheeple still don't realize what is happening. The world economies are continuing to deflate. In a long term melt-up, the stonk markets will continue to be bought up on every dip with absolutely regularity every month via free money from the Fed. The market noise between Jan and Dec of every year will be irrelevant, the stonk market will end the year at least 8-12% higher than the year before it. And the year after that, and the year after that. There will be no down years for the stonk market. Why? Because it has to go up, in order to offset massive yearly inflation. This is how the wealthy elite protect their wealth. And the middle class and poor, because they don't invest, continue to lose wealth (i.e. purchasing power) at an alarming rate. Just look at this pattern:  Once you take the red pill and realize what is happening, you also realize that high value deflationary assets are your only savior. Bitcoin will outrun them all. #BUYBTC |
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Let's all take a moment to reflect on the current price of bitcoin.
We're currently at ~$46k/btc, which is 4.5X higher than we were pre-pandemic.
That is amazing! Unbelievable! A price level that seemed like a pipe dream when we were in the $7-9k trading range for what felt like forever.
I don't know about you guys, but if the price wants to go sideways for a while, and then do another 3X-5X every time the world's economies takes a crap and the Fed prints trillions more $$$, I think I'm ok with that.
Just me?
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Proudly stolen from a shitcoin…  This was already many years back invented for the BTC narrative So it’s been stolen by a shitcoin poster and re collected for BTc purposes Oh shit! Quick to all the WO'ers, let's pitch in and buy the NFT for this btc meme jpeg before it can get copied and used by others. . . . Oh, wait... |
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It is what as known as protectionism. Problems like this are the biggest barrier to BTC. The SEC is working hand-in-hand with the Fed. The Fed is genuinely worried that, with their artificially suppressed interest rates, MEGA millions $$ would leave the big banks and rush to Coinbase Lend for a measly 4% return (which Coinbase will make back and then some by invested those dollars into Bitcoin as a deflationary reserve asset). It's a liquidity issue---the Fed fears any investment vehicle that would draw liquidity away from the big banks. The truth is, that the SEC knows that big banks want to offer similar lending/interest products like Coinbase Lend in the near future, but the banks are nowhere near ready to roll this out yet (very few even have crypto custodian plans drafted yet, much less rolled out). They want to keep the money "in house", a closed loop. So they are wanting to shutdown Coinbase Lend before they get any further along with it. A 4% return is still below the actual inflation rate, but big investors are desperately starved for yield anywhere they can find it in the world. This is the fucked up game they are playing. |
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 Now just a little price appreciation and where happy It always blows me away how different a fast food chain's offerings can be around the world. |
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Buy the rumor, sell the news?
Clearly. Same old whale games. HODLing cures this. |
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I'd be scared to "retire" even at 65 if I only had $2m USD, but it's one of those things where you just have to take that risk. Or keep working.
The biggest mistake that some retirees make these days is liquidating their 401ks or re-configuring it to mostly cash and bonds. Huge mistake. Inflation would insure their wealth would be cut in half within 10-15 years. If they live 30 more years beyond retirement, then they will nearly be poor by their death. The risk has now completely flipped 180, it is far less risky to keep your retirement wealth in equities and other investments after retirement than to go to cash/bonds. Edit: I read about a couple that retired early 15 years ago on $800K, but they kept it all pretty much in investments and only liquidated what they needed. Now 15 years later, they have $1.2M left.  |
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Eventually the "McDonalds" will be a series of smart contracts running the restaurant with an algorithm as the "owner".
And there won't be stand-alone restaurants anymore, only ghost kitchens for delivery. McDonalds et al will only exist as a brand on a phone app. The future will be a combo of Idiocracy and Wall-E. |
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Who in the world like bankers would actually fear something that is "just a scam"?
Ponzi. Scam. Baby brains. Will crash to zero. No intrinsic value. And yet, mega companies now want to accept it for payment. Weird, huh?  |
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Umm...I hope those aren't the only stores. Legal tender is legal tender. Which by law means no store there can turn down bitcoin as accepted payment. |
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Me? For a long time (say post 2017, in 2017 I cashed out as well, from 2018 - 2020 I bought), I aimed for +/- 1% of my net in BTC (none in alts). As BTC rose, I would on occasion re-balance my portfolio by selling (or trading BTC for gold). Typically during 2020 (and especially 2021) the BULL MARKET ran away from me so fast that it was hard to balance it back down to 1%. But, that's OK, good, in a bull market. Right now I am roughly 1.5%.
DO keep in mind that even my HODLing 1% (subject to irregular re-balancing) in the past year and a half or so has yielded me well over 1% in my whole portfolio. I will have to do the numbers, but even just a HODLing at 1% has probably grown my portfolio perhaps 4% - 5%, not bad considering I have been trying to keep BTC at 1%...
Please don't tell me you're sticking with 1% allocation because you heard that on CNBC and in the MSM. There is a reason they are telling the public that, and it isn't for the publics' protection. Hint: the wealthy elites aren't just allocating 1%.  |
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Airplane tickets
Deflation of 6.40%
This is not really a fair one, considering that even econo seats back then had enough leg room and other perks to feel almost first class.  |
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Good read. So when prices go up, consumers are forced to buy cheaper products, and thus there has been no inflation? Devious! Or like when the price of new cars and trucks skyrocket due to supposed "supply chain constraints", people are forced to purchase used cars and trucks at exorbitantly sky-high prices... ...so there isn't really anything cheaper. Oh wait... |
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I am 100% certain that a LOT of professional traders who are newly into Bitcoin made an error because of this particular fake out. I mean... I suppose I can be wrong about where we are headed and this is a dead cat? But I doubt it. This is an over-classic spot on formation at the end of a parabolic run to all time highs. I guarantee that a LOT of money traded out of this. I remember seeing Microstrategy announcing new buys over and over during the 3-4 month correction. And I can remember pros commenting on them sending good money after bad, and pointing out the levels at which they would be under water. This is not a post saying "HA HA! Look at the dumb 'professionals!'". They are good at what they do. And notice I said "the ones new to bitcoin". Because the ones that UNDERSTAND bitcoin a bit more were... well, doing what Saylor did.  One more bit of thought... A lot of really smart professional money got out in the 60 to 45 range. So part of this rally will be them getting back in while they are still at a discount. It's sort of an implied short squeeze. And for some it is probably as REAL short squeeze. But others just have money on the sidelines like Raja... They are going to be buying in more as the price starts to continue to head up, because more of them will be hedging under their sale price that they were wrong. And Voila. They were. Feel free to dig this quote up and post it to embarrass me in 6 months: We are now entering the next phase of the bullsplosion. And I think it is highly likely to be the uber-face-melter.But it won't get quoted. Because it will be correct.  Cards face up. All in. Love you folks. (PS. I think the real tell will be the volume over the next month or so... If it stays low then all the above theories were wrong. If we see it start to build from here??? CCMF)I agree. I'm not sure to say if volume is really moving up though, more like leverage is coming back. And that's the problem with excessive leverage, it masks the underlying true volume. We also see hashrate edging up, which is a good and positive sign. Could this be a massive head fake bull trap that merely forms a double top? Yeah, maybe. But as you indicated, the Michael Saylors and Elon Musks of the world weren't exactly sweating the fall into the $30k's or below. And Saylor, Dorsey, and Wood were actually buying more during that time, a lot more. It was almost as if they knew something that we didn't, that there was a floor...hmmm...insider information must be great when you are wealthy. Lol. |
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