Notice the massive fake head-and-shoulder pattern that these whales are trying to paint...  |
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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 Street The powers that be won't be having it. |
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I think coinbase IPO will be less interesting for people/institutions that want to actually own bitcoin, or invest in it with bigger timeframes in mind. This way, they (CB) mainly just maximise profits, at an amount of risk that even bitcoin doesn't inherently carry. When bitcoin goes down, coinbase is history. When coinbase goes down, king daddy doesn't give a fuck 
Plot Twist: After Coinbase IPOs, they announce that they are going to put millions extra $$$ into Bitcoin as their treasury. Stock goes to the mewn. Bitcoin goes higher as well. |
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So is Bitcoin ded? Game over?  |
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"We briefly pause your regularly scheduled Bitcoin uppity for some interim shitcoin pump and dumpage. Stayed tuned as we resume Bitcoin uppity next week."
- whale traders
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I am good about pinching pennies using coupons and the like. My 2020 food bill was huge. Maybe 45% higher than the year before.
I speculate that Millennials and GenZ'ers are the ones that act completely oblivious to grocery goods inflation because: 1. They only buy junk food, which doesn't really go up much in price (it's not real food) 2. See only shrink-flated goods (price didn't change, but food volume sure did) 3. Eat most or all their meals at fast-food restaurants, which doesn't go up much in price (it's not real food) or 4. They just don't care what the prices are. |
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OT: The more I listen to podcasts discussing these SPACs (Special Purpose Acquisition Companies), the more they sound *exactly* like what ICOs were doing.
SPAC: No business model, no business plan, no customers or revenue, just a narrative. Sell the narrative to gullible investors. Take in lots of money. Give nothing in return. Leader cashes out, leaving gullible investors holding the bag.
ICO: No business model, no business plan, no customers or revenue, just a narrative. Sell the narrative to gullible investors. Take in lots of money. Give nothing in return. Leader cashes out, leaving gullible investors holding the bag.
It's the same exact shit. But for some reason the SEC greenlights SPACs? And shuts down ICOs?
Un-fknbelievable the corruption in Wall Street.
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Any reason for the bitcoin SV pump?
Didn't you hear about the flippening coming any day now? |
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I have a feeling those prices will never come back down again, even once the Covid issue has dissipated.
Would love to be proven wrong.
What else is new? Whenever they find an excuse to raise prices, they leave them there. Then people demand higher wages because the cost of living has risen and the cycle of inflation continues. Yep. But most people are too busy paying attention to the "social/political theater" to understand that they are being robbed blind every year. Me: "Hey, do you realize you got 10% poorer last year?" Them: "What are you talking about? I got a 3% raise last year!" Me: "Ok, so only 7% poorer then." Them: "What? You crazy, man." Me: "Hey, do you realize you got 10% poorer the year before last too? And the year before that? And..." Them: "----" https://chapwoodindex.com/ |
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Also, berries? Holy shit. 32 oz of strawberries are now DOUBLE price what they were 6 months ago. Double.
Similar inflation with raspberries and blackberries too.
That may be Covid related. There's a shortage of qualified pickers. Coffee prices have shot up too. Could be, but...I have a feeling those prices will never come back down again, even once the Covid issue has dissipated. Would love to be proven wrong. |
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Well I remember inflation back in the late 60's and 70's bank interest rates surged like mad.
Now banks rates suck.
Your interest is if you have BTC baby.
Every one needs a piece of btc to stay ahead of inflation.
Those waiting to buy are only going to regret not having some to fight off inflation.
Some people say there's no inflation, especially with food prices. I beg to differ. Was at the grocery store just the other day, my total food bill has jumped $80/trip in just 6 months time. Same. Exact. Items. Also, berries? Holy shit. 32 oz of strawberries are now DOUBLE price what they were 6 months ago. Double. Similar inflation with raspberries and blackberries too. |
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I didn't know that Rick had such a good voice.  |
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Well, in a worse case scenario that would imply a possible 80% retrace from that high all the way back down to $47K. Although sad it would be, I could live with that.
(It's not the tops I'm interested in, it's where we eventually land) |
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How much BTC would you say is "rich".
I see this question come up a lot. Here's my simple answer: If the price at any point can fall by 50-60% and you are still "rich", then you have what you need. And if you don't? Keep hodling and buying until you get there, even if it takes another decade. At that point, only sell what you need to. |
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Looks like I'm gonna have to move another batch of coins to sell pretty soon.
Promised Rick I'd take another ~mil off the table @ $50k USD/BTC, on principle.
I've got problems.
Cash is trash, m'man. |
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If the US government keeps allowing large companies to place capitol into Bitcoin, I’m going to have to assume that the US government is Satoshi and they hold all the Satoshi coins..
Something is up..
How are they now so sure Bitcoin isn’t hackable or the gov won’t turn against it..
I’m thinking they must have some assurances from higher up..
Ask yourself this: how did the SEC give the green light for a Bitcoin Futures market? Isn't that basically a 'future', permanent endorsement?  |
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So another incentive for corporations to put part or all of their fiat treasury into Bitcoin. Just go look at MicroStrategy's stock price and see what it did for them. Much better outcome than just buying back the stock. No just imagine all the Fortune 1000 companies realizing that this year (lightbulb moment!).  |
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I like this bulltarded Bitcorn thing.
Just set a new ATH - again - and looks like we're making a run for $40k USD/BTC today.
Nice.
The day is young still. Shouldn't you be off buying some corn on PayPal or somethin'? Luv ya bro #nohomo |
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