I have heard you admit, on several occasions, that you did not buy enough..
Any man who claims he bought enough is a liar Those who knows BTC from 2016-2017 and claiming not bought enough with the cash they hold or could have available.... they are not BTC worthy.... I remember many occasions, for example an uncle of me... BTC pumps to 1400-1600-ish and he said if it drops back to 900-ish then I’m gonna buy (thinking he was to late @1400-1600) Of-course the price did drop to those 900’s maybe bit lower cannot remember exactly .... But naturally he didn’t bought... those aren’t BTC worthy cause they fail to understand the fundamentals and the UP potential, they also only see $-€ marks and nothing else... This one is lucky he did bought around 3500-ish .... In 2013 I told a co-worker to just buy a little BTC at $800 and hodl it forever....he never did. Also told a former tax accountant that same year that I had invested in BTC, he told me that "Bitcoin is a scam, dump it all immediately and get into traditional investments." I didn't of course, and essentially fired him. If I had followed his advice, I wouldn't be retired and wealthy today. I have since moved away from where he lives, but still have an occasional thought to call him up and give him an ear full. I'm sure that to this day he has never bought any BTC, and he is probably still dispensing bad advice to his clients. |
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SEC is not a BTC risk. There is a huge difference between XRP and BTC. Ripple Labs is a corporation that prints and controls XRP. There is no equivalent in BTC (and no Blockstream is not the same).
The SEC is doing us a favour by killing off competing shitcoins. Bitcoin dominance will soar further.
I also see it like this. I doubt the SEC is going to target ETH though. The case is not as easy as it is for XRP, and interest in ETH is probably already widespread enough (among largish companies and potential lobbyists) to have crossed the too big to fail threshold. Grayscale have a ETH trust don't they? Frankly, I don't think these guys would do it without knowing ETH won't be banned by SEC. You just don't gamble with that boatload of fiat.  Grayscale has XRP in their Digital Large Cap Trust.... Writing it off won't be enough to blip the bottom line as BTC explodes... I'm sure there's a tax incentive in there somewhere... You are correct. XRP is only 1.6%.  I see 16.9% of hot garbage in that fund. Do HNW investors do no research at all? |
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Haha this thread lately...you guys make me laugh. I'm nearly out.  |
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Btw if you look at the charts, you can clearly see which shitcoin got pumped into from that dump in Bitcoin yesterday.
It'll reverse soon.
No that coin has 1-2 months of up before it tanks. It certainly will clear 1000 You said it yourself though, miners mining ETH and then trading directly for BTC is a constant headwind for ETH. Ultimately no one wants to hold that shitcoin long term. |
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Btw if you look at the charts, you can clearly see which shitcoin got pumped into from that dump in Bitcoin yesterday.
It'll reverse soon.
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Is Bitcoin finished?  |
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Welp, I've always said in my mind that if whales want to load up on an undervalued asset right before a big bull run, the best time to do that is in December when Average Joe is completely tapped out due to XMas.  |
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Of course, it is possible that me are witnessing financial "regime change", but much more data is needed to support this.
Serious people have said that the only thing that can stop btc is very high interest rates.
In one playbook they will go for high inflation, causing btc to climb super high, then as inflation is established, smash btc down by sudden increase in the interest rates: going from super negative real rates that we see at the moment to positive rates, which would mean, say, 10-15% interest rates a la Volcker shock.
But that the real rub for them now: it's become nearly impossible for the FED to raise interest rates, even just a couple % points. 1) Higher rates would make just the interest on the govt debt un-serviceable 2) Higher rates would crash global markets, crash the bond market, and kill the GDP of all major countries I believe that rates in the U.S. will go negative before going positive. They will continue to print fiat, keep interest rates at 0 or neg, and let inflation run. |
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So does anyone have any insight as to why hashrate is not chasing this rise?
Are the big miners caught with their pants down?
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HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHHAHAHAHAHAHAHAHAHHAA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHHAHAHAHAHAHAHAHAHH AAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHHAHAHAHAHAHAHAHA HHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHHAHAHAHAHAHAHA HAHHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHHAHAHAHAHAHA HAHAHHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHHAHAHAHAHA HAHAHAHHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHHAHAHAHA HAHAHAHAHHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHHAHAHA HAHAHAHAHAHHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHHAHA HAHAHAHAHAHAHHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHHA HAHAHAHAHAHAHAHHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHH HAHAHAHAHAHAHAHAHHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHA HHHAHAHAHAHAHAHAHAHHAAHA https://twitter.com/Bitstamp/status/1342506058397474822 Here's hoping for a cascade of de-listings across all the major exchanges and brokers. Also, it's unreal how many XRP beliebers and pumpers there still are on YouTube. Most are in denial rn. They think that because it's been sold for 7 years that Ripple can't possibly lose this SEC lawsuit. |
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another reason why we are winning:
the gov and central banks have over the last decades drank their own cool aid when manipulating the CPI in a way it never shows the real inflation. it is a basket of things one might need of stuff that gets cheaper and cheaper to produce. why did they try to make it look as if there is no inflation? obviously their mental framing was something like the french revolution, where bread got so expensive the regular folks started to starve and overthrew the feudal order.
they dont want the general public to see the real inflation. they were successful in finding a way to do this. too successful. the inflation they say does not occur while printing trillions of $ did not go into the CPI basket. it went into assets. valuable assets, scarce assets are getting expensive faster and faster. asset price inflation is here and it is real. central banks and gov thought it would be ok to let the rich "suffer" from asset price inflation since the rich aint gonna take pitchforks and protest/overthrow the order. that is a correct assumption. but what they did not see coming, what no one saw coming was that the rich are not stupid and will just sit there and get value stripped away from them. the rich have an alternative now and it is called bitcoin. they will opt out of fiat to keep their riches.
with preventing inflation for the plebs so successfully the gov and central banks created an incentive structure for the wealthy to leave the fiat game. and the wealthy will always find ways to get their cake and eat it, too.
the pitchforks are no danger. the fiat alternative is.
edited typos
Imagine losing anywhere from 7-10% of your fiat-based wealth every year...but only getting 2-3% raises (if you are lucky to get one at all)... Oh wait, people already are: https://chapwoodindex.com/http://www.shadowstats.com/alternate_data/inflation-charts |
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Merry Christmas to all here! My hope in the New Year is that all my WO hodler degenerates become Bitcoin wealthy. Cheers to you, WO Gentlemen!  |
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Can they now dump Ethereum please?
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WRT the whole Ledger debacle - When it first came out I saw a lot of this behavior online, which to me made no sense.  |
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Kinda surprised that hashrate hasn't really moved up since peaking in October.  |
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