Is everyone just starting to go fucking insane from this Covid and election season?
Apparently so. Many years ago, I originally came to this forum and this WO thread specifically, because I assumed that everyone that posted here (who loved and supported Bitcoin TM) was also really smart and open-minded. Outside-the-box, creative thinkers. Above petty political bias or agenda. Mostly Libertarian in thought, common sense, fiscal responsibility, and action. Supportive of every individual's right to life, liberty, and the pursuit of happiness. But man o' man, this year really opened my eyes.  I won't name names, but some of you that post here claim to be laid-back open-minded Libertarians, but are really Socialist-damn-near-communists in sheep's clothing. Some of you have your heads so far up the asses of your respective nanny-state governments, that one begs to question why you are even involved with Bitcoin in the first place.  I don't know what exactly happened here, but that's definitely not what the OG Bitcoiners were all about. ( of course some of them lost their fucking minds and went to shilling shitcoins, but that's a different story ) |
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"Examining the The Fed’s balance sheet uncovers that it added $344 billion more mortgage-backed securities and $820 billion more long-term Treasurys (i.e., debt monetization) from February 2020 to July 2020. In other words, of the $3 trillion increase, $1.1 trillion was printed. To put this into perspective, the Fed printed two-thirds as much money in the last 6 months as it did over the prior 11 years. And that’s not all, the Fed has committed to a YOLO whatever it takes QE posture going forward…"
And yet very few people understand the real gravity of this statement. |
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Just in case you want to follow Jerome Powell sending USD full brr and full inflation: https://www.youtube.com/watch?v=Eig-NOwTpboENDED NOW. First reaction. They are crazy. They are focusing on unemployment. Letting inflation running high to "help" lower wages labourfoce to find a job. This is nonsense, they get slaughtered by inflation in the meantime. EURUSD, XAU and BTC all going the same direction. Until the Fed actually puts their money where their mouth is and raises interest rates, it's all just a load of bullshit anyway. It's doubtful that Wall Street will even allow them to raise rates at this point. If they try it, WS will just mass sell off stocks, sending markets crashing. So it's the Fed's allegiance to the 1% that's keeping rates at zero and inflation low (aka stagflation). |
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Tangential to bitcoin, but I just looked at the long term charts of some prominent tech stocks; AAPL, MSFT, AMZN, GOOGL, ADBE, NFLX, FB
They are ALL exponential and in some cases (AAPL, MSFT, ADBE) significantly deviating from the very long term stock patterns.
I don't know what to make of it, but at a minimum such exponential moves are unsustainable, obviously.
When the break would come, nobody knows, but it will come, unless all this means that stocks are already pricing in high real inflation (that is pending) while bonds don't, suggesting a market that is simply crazy. Not going more into stonks, looked just for fun.
Yeah, they are all pricing in real asset price inflation, which by some estimates is between 6-10%/yearly. So they have to print money and pump stonks to outrun it, otherwise they are actually deflating (i.e., losing wealth). Just look at a stonk chart of Venezuela for where it's going. Just like a hockey stick, straight up. It's a melt-up. The problem comes when there are no more buyers, i.e., corporations vis a vis central banks have bought up 99.99% of their own stocks. Who will they then sell to? That's when the final straw will break. When will that happen? Nobody knows, but probably when main street inflation becomes unbearable (things cost too much for Average Joe to even live any more). Not sure why btc is not supra-exponential yet.
I feel like it's because Bitcoin still has a public image problem, no thanks to the negative MSM that seeks to slam it constantly. But hopefully one day it can overcome it. |
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Portnoy went full cryptonian with twitter trolling... "I will save #bitcoin and #Crypto if they ask me nicely."
What a moron.
That guy really believe his own hype doesn’t he. Who even is he & where does his sense of self importance come from? He’s just another guy who will be made to look stupid like many before him. Yep... just another narcissistic windbag who thinks himself an "expert"... like Vinny Lingham. Remember that guy and his whole 5 seconds of crypto notoriety? All these douchebags need to learn to sit down, take a BTC long position, shut the fk up, and fking learn something about Bitcoin TM. And stay the fk away from shitcoins. |
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WTC towers did fall because of the plane crashes, no matter if the direct cause was because of the structural damage/shock, the fire, any subsequent explosions or a combination of it all. It was NOT demolished by the government. That does not make any fucking sense from any logical point of view.
The Mandalay Bay mass shooting was also not a conspiracy of any sort.
That being said: Epstein did NOT kill himself.. or at least not without outside "help". But that doesn't mean EVERYTHING is a conspiracy.
It's ok man... nutildah and sirazimuth agree with you and are here to help.  |
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WO hAs LAUghAbLE cOnspIrAcy thEOry LOOnEys
EpSteIn rEAlLy kiLlEd hImsELf
WTC7 rEALLy jUst fELL dOwn bEcAUsE Of fIrE
thE FEd cAn prInt trILLIOns Of dOLLArs And EvErythIng wILL bE fInE, thErE's nO InfLAtIOn
ThE stOck mArkEt Is nOt cOrrUpt And stOcks ALwAys gO Up
Im An NPC thAt cAnnOt thInk crItIcALLy fOr mysELf
GIvE mE AnOthEr bLUE pILL
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My problem is I have a scientific background and appreciate little details like evidence and logic before jumping to conclusions that serve to reconfirm my world view. If that renders me a normie NPC then call me Wojak.
So Epstein really did kill himself, eh? I guess without evidence to the contrary, you believe he most certainly did.  Here, have another blue pill. Nom nom.  There was not getting out for him, so it would be a very natural thing to do. Amazing how he could actually do that in a cell they said he had nothing to commit suicide with, or to even hurt himself with. And on supposed suicide watch too. Incredible. Such skill. |
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My personal favorite is WTC7 hitting the ground at freefall speed. After 9/11 we were called conspiracy theorists for more than a decade before supposed logic started to creep in. Still, ask someone how that day happened and I bet you get some jihad box cutter story, flight manuals and recovered passports. Mistrust of government and powerful elites (they) is learned.
https://www.ktva.com/story/41015153/fire-did-not-cause-world-trade-center-building-7-collapse-uaf-study-suggestsYep, over 3,000 architects and engineers ran hundreds of computer simulations, but could not replicate what the MSM/ U.S. govt. claims happened to WTC7. But the npcs don't care. Also, my personal favorite is that reporter filmed on live TV saying "Just in, we've gotten reports now that Tower 7 has fallen! Tower 7 is down!"... literally with Tower 7 still standing in the background behind her. It fell like 5 minutes after she said that. Again, the npcs don't care. |
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My problem is I have a scientific background and appreciate little details like evidence and logic before jumping to conclusions that serve to reconfirm my world view. If that renders me a normie NPC then call me Wojak.
So Epstein really did kill himself, eh? I guess without evidence to the contrary, you believe he most certainly did. Here, have another blue pill. Nom nom. |
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As for the mainstream media's "hit pieces," they print what sells. Obviously there is some public interest in bitcoin, so they print things that they think their readers will want to read. And not all pieces in the media about bitcoin are bad -- several also hail its innovative features and cover it in a positive light. Yeah right, about 1 article out of every 100 might.  https://99bitcoins.com/bitcoin-obituaries/Here's the problem: you are relying upon too many unknowns to arrive at a conclusion. It's a hallmark behavioral trait of conspiracy theorists.
And I guess you're one of those normies in life that dismiss pretty much everything you don't agree with as a "conspiracy theory", and label anyone that believes in something you don't as a "conspiracy theorist". It's a hallmark behavioral trait of an npc. Just do me a favor; take another blue pill, and blissfully get on with your life. Btw, why are you into Bitcoin again? Why not just trust stonks and the good old USD? |
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Who indeed controls the stock market? Give me a name. Just saying "they" is what makes you come across as a conspiracy theorist.
Did you know: 85% of equities/commodities are owned directly by wealthy sovereigns, central banks, investment banks, Wall Street investment funds, hedge funds, etc. Only 15% of those same investment vehicles are owned by mom and pop retail investors (actually not even owned; leased is a more accurate term...they don't really own shit). And as the Baby Boomers continue to retire and sell off their stock investments to live, and as more corporations continue to buy back their stock with freely printed money, that 15% figure is going to continue to shrink. As if the crypto market doesn't have as much or even more potential for corruption? It's delusional to believe otherwise, just as its delusional to think the entire crypto market represents more than a blip on the overall size of trade-able markets.
Total market cap of all cryptos: $0.363 trillion
Total market cap of 3 biggest US stock exchanges: $35.503 trillion
So without adding in commodities and other stock markets, this is about 1% the size of the NYSE, NASDAQ and OTCQX. Adding in the rest of the top 25 global stock markets raises the total to $78 trillion; adding conservative estimates of the following:
Gold = $9 trillion
Silver = $6 trillion
Oil = $4 trillion
Everything else = $3 trillion
= $100 trillion dollar total trade-able market. So we're now down to the crypto market representing 0.363% of this amount.
Yes I know this. But it's growing bigger and bigger with each passing year. It's gaining in popularity. And those other markets you listed? Gold, Silver, Oil, and everything else? Those are markets that the Cabal controls. Bitcoin, they don't control. And it irritates the shit out of Wall Street. If not, then why would the likes of Jamie Dimon or Warren Buffett even bother to comment on Bitcoin at all? Why wouldn't they just ignore it entirely? Why would the Mainstream Media spend so much time and effort, year after year, publishing hit piece upon hit piece against Bitcoin if it weren't such a threat? |
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I looked up his Twitter account today, and now I totally get it.
He's a plant. A shill for the Wall Street stonk day tarders.
No, no no no. You're letting your penchant for conspiracy theories get in the way of rational thinking. The PTB that might be capable of manipulating the stock market don't give two fucks about bitcoiners. This guy is just another Twitter personality who has a semi-interesting style and a shitload of fake followers. Think about it: the entire crypto market is just a drop in the ocean of the three major stock markets. Nobody in charge there gives a single solitary fuck about bitcoin. Sorry but I completely, 1000% disagree. The corrupt Wall Street trading cabal (of which Jim Cramer is a shill mouthpiece for) is worried about Bitcoin. Not about it taking over the world or anything like that, but because retail investors and traders are excited about trading/hodling in a digital commodity that the Cabal themselves cannot control. Because it's too late for them to come in and corner the Bitcoin market. 1. They cannot corner the Bitcoin market, i.e. gain 90%+ control over minted bitcoin, because the majority of mined bitcoin is already in the hands of "not-Wall Street". And the hodlers are spread out all over the world. This happened in the beginning years when Wall Street was laughing at and largely ignoring Bitcoin as a penny stock scam. They didn't even understand what it was exactly or why it should have value. 2. Bitcoin has to be mined by miners. The Cabal cannot artificially inflate it vis a vis just print more bitcoin, do phantom bitcoin, or fractional reserves (that last task is in the hands of the crypto exchanges, ones that they cannot control). 3. Because they cannot get huge, significant amounts of bitcoin for free, they cannot massively short it either. 4. They are accustomed to using massive leverage to move stonk markets (think 1000X or more), but that type of leverage is not permitted by the crypto exchanges because of risk management. 5. If they want huge amounts of bitcoin to play with, they have to buy it OTC or on the market exchanges like everyone else. And the amount they want has to be available. This is NOT how Wall Street does things. So therefore they have little interest in Bitcoin itself, other than Bitcoin is luring Average Joes away from the corrupt stonk markets that they DO INDEED control. And this irritates them beyond belief. They literally WANT Average Joes back into the corrupt stonk market where they can rekt them all day long. |
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Good morning I hope you all had a pleasant Friday...I sure did...even tho drinking porter gives me a massive hangover.. A good time was had by all..and I even managed to luck into a green candle...make of it what you will.   Is that tiramisu? If so count me as a huge fan. |
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That Portnoy video.
What a newb.
Does he really expect the stock market to just keep going up forever?
Man, I wouldn't wish I'll on anybody but I got to say that I am looking forward to the day he gets mindrusted good and proper.
He will not only miss out on an opportunity of a lifetime (Bitcoin) but is going to get royally rekt when the stock market comes crashing down around him.
I looked up his Twitter account today, and now I totally get it. He's a plant. A shill for the Wall Street stonk day tarders. This was all just a stunt for him to try and convince Bitcoiners to leave crypto and get into stonks. Here's a video of him, notice him buddying up with ol' Jim Cramer: https://twitter.com/stoolpresidente/status/1296952930063601666And here's another photo of him with ol' Jim Cramer: https://twitter.com/jimcramer/status/1296966764799164416Anyone remember how ol' Jim Cramer feels about Bitcoin? Remember this from 2014? https://www.youtube.com/watch?v=2kEySHOd4JUThe joke's on Dave though, from the looks of his twitter stream it didn't work. https://twitter.com/stoolpresidente/status/1297222550922108929Seriously, those guys can fk off. |
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OT: Tesla stock at > $2K is the most stupidly comical pump I've seen in my entire life. |
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Dave Portnoy: talk about the ultimate day tarding weak-handed fool. https://twitter.com/stoolpresidente/status/1296910690930896896He couldn't handle crypto for what, like a few days? Now he's saying he only invests in stonks because "stonks only go up." Holy shit, not only is he going to get crushed one day, but so will all of his followers. |
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When recessions/depressions hit small, rural towns, the people just suffer quietly...but not much else changes on the outside. When recessions/depressions hit large metro cities, all hell breaks loose into Mad Max Beyond Thunderdome style lawless shit. This is why they couldn't pay me enough to live in metro cities like LA, NYC, or Chicago. Fucking concrete jungles with no beauty, just filth and crime always simmering beneath the surface. |
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https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin Of course, this will all change as Bitcoin’s mechanics continue to play out, making Number go Up. In time, everyone will have to face the painful realization that their reasons for writing off Bitcoin were wrong. Because of the dynamics at work with the yuppie class, it may take longer for them to come around to Bitcoin than with most new technologies or trends. Great article, but I believe this writer is incorrect about this quote: As an aside, I went to the best business school in the world and they didn’t teach us anything about that. For what it’s worth, I don’t think that this was a knowing or malicious omission. I think this battle was won 100-years ago, in Keynes’ day, with the self-serving support of governments weighing heavily on the outcome. Which is to say, my professors learned from Keynesians who themselves learned from Keynesians. The business leaders and educators of today are completely unaware that they are passing on the shoddy propaganda version of monetary theory as a result of the largely successful ideological extermination of sound monetary theory. Au contraire, I think the business school professors know exactly what they are doing with their constant Keynesian propaganda. They know exactly what sound money is, but know the business world is now fueled on cheap debt and money printing. “It is difficult to get a man A man refuses to understand something, when his salary depends on his not understanding it.” |
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