Selling 20mil (in the example) would result in an enormous tax bill, which essentially defeats the purpose, IMHO. I am waiting for a situation where you can reliably get either interest on btc instead or get cash loans in lieu of btc. Once the field moves to include large institutional players for custody and loans (like Fidelity, etc)-that's a better idea...plus maybe selling all forks this Fall-Winter. Basically...you don't have to sell. I keep saying this, but nobody seems to listen.
EDIT: I wonder when we will have 8% (on the way to above 15%) interest rates on 30-year again. Maybe in 5-10 years, unless CPI will start going up truly crazily.
It is extremely unlikely that we will ever have 30-year T rates above 2-3% ever again. The problem is the U.S. National Debt. At 8% rates, just the interest alone on the nation debt would be $2.2T /year, which would have to borrowed into existence just to pay it. 15% rate is roughly double that. The money printer would have to brrr into overdrive. Unsustainable. This would quickly cause world hyperinflation and a subsequent crack-up boom. It is more likely that rates will stay at near-zero indefinitely, perhaps even going negative.
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It is just going to become more and more common to know someone with a few hundred thousand sats on their phone.
...and if they have them on their phone, they are not going to have them for long.
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Bingo. The MSM talks about the Fed is still below their inflation target so much, that they've even got CEOs and CFOs fooled. The delusion can run deep. How do I know? My father is a lifelong CPA, with 2/3rds of his life spent as a CFO of various Corps. He still to this day tells me "There is no inflation right now." When I show him sites like Shadow Stats and chapwoodindex.com he just scoffs and laughs it off like it's all just conspiracy propaganda. Then I bring up all the assets in his life that have practically doubled in price in the last 10 years, of which there are many, and he gets quiet and says "Yeah but that's different."
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Bitcoin does its own thing. With a fresh outlook of another $2+ trillion spending ahead, I’m not worried about the narrative of Bitcoin the next few months.
At this point I've completely given up any hope of any sort of austerity measures in the U.S. I'm hoping that the MSM "doom and gloom" narrative continues on indefinitely, along with continual money printer go brrr. The smart who see through the lies and the pandering, opt out of the fiat monetary system, and invest in Bitcoin and other deflationary assets will gain in wealth and eventually inherit the earth. The ignorant and hopelessly stupid will continue to put faith in politicians to right the ship, stop printing money to excess, and somehow magically create jobs (none of which will ever happen). They will slave away their whole life, only to die poor and miserable. Unfortunately they can't be helped, they can only help themselves. We are very likely going to be in the beginning of US Civil War II before much else happens. Watch closely. "The wealthy can buy guns and ammo for a lot longer than the poor can remain solvent to do the same." - Me
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Bitcoin does its own thing. With a fresh outlook of another $2+ trillion spending ahead, I’m not worried about the narrative of Bitcoin the next few months.
At this point I've completely given up any hope of any sort of austerity measures in the U.S. I'm hoping that the MSM "doom and gloom" narrative continues on indefinitely, along with continual money printer go brrr. The smart who see through the lies and the pandering, opt out of the fiat monetary system, and invest in Bitcoin and other deflationary assets will gain in wealth and eventually inherit the earth. The ignorant and hopelessly stupid will continue to put faith in politicians to right the ship, stop printing money to excess, and somehow magically create jobs (none of which will ever happen). They will slave away their whole life, only to die poor and miserable. Unfortunately they can't be helped, they can only help themselves.
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I'm so getting one of these. A no-brainer to accumulate more BTC.
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Get ready folks. The new Biden administration is going to spend, spend, spend like a rich, drunken Uncle next year. https://www.zerohedge.com/markets/yields-surge-stunned-traders-learn-biden-propose-massive-2-trillion-stimulusBefore the smoke clears on 2021, expect another $2T in stimulus spent (!). This will be a 'temporary' spending (riiiight) to stoke the economy, then some aspects will eventually become a permanent ongoing 'stimulus' (*cough* UBI *cough*). Inflation will start to run hotter. Asset prices will start to really leg up in about 2022-2024. Buy more Bitcoin now, because the price action will be reacting to all of this shit by going much, much higher.
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If people want to start with true "critical thinking", they can start with the truth that the POTUS controls very little and has very little power, while Congress controls pretty much ALL the power. All one has to do is research how the U.S. legislative process actually works.
But 99.9% of people want to believe that the POTUS is either their country's savior or their country's enemy, and holds all the cards. I guess they want to believe he is sitting in his office giving out orders and passing laws like a dictator.
The irony is unbelievable. People focus so much energy on all the wrong things.
I'm sure the educational establishment will eventually get rid of Political Science courses like they did Finance courses. Gotta keep people ignorant and clueless, as it makes them easier to fool and persuade.
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"You hear that Average Joe? You can easily lose the password to your fortune! Easily! Best to stay the fk away from Bitcoin and just use banks and fiat."
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From the article: "Parler’s site was a mess. Its public API used no authentication. When users deleted their posts, the site failed to remove the content and instead only added a delete flag to it. Oh, and each post carried a numerical ID that was incremented from the ID of the most recently published one.""Another amateur mistake was Parler’s failure to scrub geolocations from images and videos posted online. Sites like Twitter and Google routinely remove such metadata from content posted by their users. The video files hosted on Parler, by contrast, were “raw,” meaning they still contained this information."What is this? A social network for ants? Like I said, chief of security was just some lame dude. Lol.
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I can't do it.
I can't post explicit yaoi.
I'm trying to view everything through the lens of a calm, right-of-center constitutionalist, on a rational level. Not through either clinical democratic or republican lenses, tainted by current events.
We're hurdling towards communism and people are cheering it on.
I'm just really sad waking and catching up on the last couple pages.
Not to mention the hypocrisy and double standard that has soared into the stratosphere.
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Notice the massive fake head-and-shoulder pattern that these whales are trying to paint... Nailed it.
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Here's another MSM howler today. Bitcoin and Tesla Have Gotten the Fed's Attentionhttps://finance.yahoo.com/news/bitcoin-tesla-gotten-feds-attention-182102654.htmlNotice that the headline implies exactly what it says, that the Fed is discussing the Tesla and Bitcoin "bubbles". But then the first line of the second paragraph into the article: "Now, the central bank hasn’t said directly that it’s worried about the surging price of Tesla shares and Bitcoin, and it likely never will."
No shit? Lol
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That's some really scary shit, how six filthy rich people can control 90% of the online communication. People on the extreme left are too stupid to realise that they are actively advocating that everyone just becomes a consumer in the end. There will not be a Twitter for the average user if this goes on, with the reason: "well words on the internet can be too dangerous". You will literally only have blue tick Twitter users and Grey tick YouTubers with comments switched off. Consider that 20-25 years ago people started to go on the internet as it had alternative voices to media corporations - tv - newspapers etc. The internet is slowly turning into the thing that people got bored with. Perhaps people who grew up with the internet already there don't realise that? I reckon with communication being that easily controlled by these cowards (cowards, because they all seem to act in tandem with big bans - deplatforming) I don't see how marginalising Bitcoin is impossible. People are also blind to the 2 other main reasons why Big Tech and Wall Street want to shut Parler down: 1) Big Tech social media and MSM competitor (hundreds of millions would migrate from Twitter, FB, etc.) 2) Parler CEO has vowed that his company would never collect and sell user data to govt, alphabet soups, or Wall StreetThe powers that be won't be having it. Security researchers claim that the scrapped posts are linked to accounts that posted them, and some of the video and image data have geolocation information. That is said also to include data from Parler’s “Verified Citizens,” users of the network who verified their identity by uploading photographs of government-issued IDs, such as a driver’s license. https://cybernews.com/news/70tb-of-parler-users-messages-videos-and-posts-leaked-by-security-researchers/Well that doesn't surprise me at all. I'm sure the head of cyber security over there at Parler.com is literally like some incompetent guy named "Bob", probably the CEO's brother or college buddy. No offense to our Bob, of course. I mean, why ask Parler CEO to sell their user data when you can just hack them and take it? Especially if he already turned them down? Security researchers claim that the scrapped posts are linked to accounts that posted them, and some of the video and image data have geolocation information. That is said also to include data from Parler’s “Verified Citizens,” users of the network who verified their identity by uploading photographs of government-issued IDs, such as a driver’s license. https://cybernews.com/news/70tb-of-parler-users-messages-videos-and-posts-leaked-by-security-researchers/Leaked by "security researchers" sure. I wouldn't be surprised if we come to find it's leaked by some insider in AWS. Also this. Their AWS admins can easily access the databases and backups.
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no top or bottom calling, just plan ol guess the price on 19th Feb & try not to be any more wrong than me Well look who shows up to troll, right on time.
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I was waiting for an article with the MSM's favorite word when reporting on Bitcoin, "plunge".
Bitcoin Plunge Deepens Beyond 20%, Shaking Faith in Crypto Boomhttps://finance.yahoo.com/news/two-day-bitcoin-plunge-shakes-042414396.html“Time to take some money off the table,” Scott Minerd, chief investment officer with Guggenheim Investments, said in a tweet from his verified Twitter account. “Bitcoin’s parabolic rise is unsustainable in the near term.” OMG, it's shaking the faith, guys. Shaking faith. Best to get out now.
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