Exactly.

I have said that many times. Saylor in general strikes me as a good Bitcoin ambassador, evangelist or whatever you want to call him. Much better than McAfee, certainly. But on that point he goes overboard. It's something Frank Giustra threw in his face in the Gold vs Bitcoin debate and I think he's right.

That advice is definitely bad for the masses. It's one thing for the Rockefellers and company to use debt as another instrument of wealth but their equity to debt ratio is usually low. Instead the normal thing is that if the masses follow the advice, they will take on excessive debt and excessive debt we know where it goes.

This thread has made me think, as I did not know if it is possible to cancel the transaction under any circumstances. I have searched and it seems that if there is no confirmation you can:
 
How to cancel an unconfirmed Bitcoin transaction

As soon as you have even 1 confirmation, you can no longer cancel it.

It is boring because we are not used to it. A 3% rise in a blue chip in one day is a very good session while in Bitcoin it's boring. We are coming off a season of beating ath after ath, which is exciting but very rarely seen in the investment world. If you find this time in Bitcoin boring you will find almost anything investing boring.

Regarding what the OP raises, yes I think you have stated to wear off, but at the slightest it will reappear.

I don't think it's nonsense. What I do think you're right about is that even though Bitcoin has been the most profitable asset of the last decade, there are a lot of people who have lost money with it.  Like those who bought in December 2017 and sold a few months later.

Yes, you still have to pay taxes. AFAIK you have to renounce your nationality in order not to be taxed. 


Nomad Capitalist renounced US citizenship and has a channel dedicated to it.

Are you talking about yourself? No, you do not need to answer the question, as it is a rhetorical question.


That's just because Bitcoin has nothing to do with those bubbles. If you can't see the technological revolution it represents, I don't need to waste a lot of time explaining it to you.

I would say not only decentralized but also anonymous if used well. Paper money can be replaced by digital means of payment, as it is happening, cards, payment by mobile or smartwatch.... The point is that digital payments mean a loss of privacy. Your bank, and the central bank of the day will know everything you spend your money on. With Bitcoin used in an astute way and maybe with other cryptos, we will be able to maintain privacy.

Seeing the OP's post history, either he changes his ways a lot in this forum or he's not going to get a single merit in an honest way.



I would say that it is not only to provide valuable content. Maybe people who are just starting in this world, don't know much and can't add value at the moment, but sometimes just by showing in your post history that you are using the forum to learn, and help others when you can, little by little you will gain merits.

I attack casino promoters like you who give people false hope.

Martingale is a garbage strategy in which the gambler risks increasing money to win little.

In my posts I have defended that one can play the casino but knowing what is there, not having false hopes. Casino games are mathematically EV-. Many people know this and play to pass the time because it is an entertainment that in the short term can make them money even if in the long term they are going to be losers.

By the way, I've reported your duplicated post.

I've heard that before, but I haven't looked into it. I suppose Cnut247 will come up with some data on the subject.

But one thing is clear: a lot has happened since Malthus, who, for those who don't know, predicted a catastrophe in which there would not be enough resources to feed a growing population in the world, and the fact is that the population has continued to grow and grow, while more and more people eat more and more. There is a global obesity problem even in countries where relatively recently many people were going hungry: China, Mexico, etc. It is clear that you cannot grow to infinity, but it is also clear that Malthus was wrong.

There have also been failed predictions about climate change. This does not invalidate the model either, there could be certain wrong predictions and the global model could be correct, but it seems to me that it is a complex subject with so many variables that make it difficult to get the predictions right.

In my case, apart from the signature campaign, I also make some money every month playing poker. I don't win exorbitant amounts of money but it's something like a side hussle that gives me extra income. Then what I do is that the money I earn I invest it. The poker money goes into an index fund, and what I earn in the signature campaigns I save almost all of it.

I'm not a trader. I invest for the long term in an index fund and in blue chip stocks with a history of increasing dividend payments.

I need to say the following to see if those who haven't got it yet will finally get it: you have to be a fucking retard to use martingale in the 21st century with all the information that is available on the internet.

Martingale and all its variants are a fucking shitty strategy in which you risk more and more to win very little, especially in relation to the total bet. Casinos often advertise these strategies because they know that they make a lot of money with the naive who think they are a good system.

This.

As Bitcoin and cryptos become standardised and used, either as a means of payment or as an investment, it is only natural that crimes related to them will increase. Where there is money, there is crime looking to get hold of that money.

You are posing an interesting question, OP. I've reported your post history, which I think is decent, to see if some merit source gives you at least one merit (have a look at the thread, you can do the same in the future).

Regarding your question, I am not clear, but sometimes I doubt it. I don't like Saylor's emphasis on borrowing, as I wrote in another post.

I think this can lead to too much unhealthy debt in the crytpo space and we know how debt bubbles end.


You are right, not at current levels but let's think of BTC eating most of gold market cap, and then keeping growing. I think we would be entering a dangerous zone then if too much debt was used.

Can any merit source have a look at this OP:

Will crypto lead to the next financial crisis? and also the OPs post history?

I am currently out of merit and I think that guy deserves at least 1 merit.

+1 Speculation Board merit.

Probably.

Let's see how he announced the end of the world a few years ago:

I was unaware of this issue. You have to see the barbarities that have been done in the name of God.

As bad as news like this is, I think that humanity is gradually moving towards a world that is less and less violent. You never know if some crazy president will start dropping atomic bombs and we'll all go to hell, but today we are horrified by certain violent behaviours that were quite normalised only a century ago. And if we look back even further, it's even worse. You have to think that the guillotine was a humane method of execution in its day because until then, when people wanted to execute someone, they used to do real barbarities.

I read this and already knew it was a scam. I went on to read the replies and they confirmed it.

A liar is sooner caught than a cripple

I then went on to read the post in detail, and I see that the deception is so simple that no one on this forum would be foolish enough to fall for it:


Excusatio non petita, accusatio manifesta.


Some of us are tired of seeing scam attempts like this one, where you pose as innocent people asking for help and offering a juicy sum of money.

It is a hobby. Some people watch movies, others play sports or read a book, and some like the OP open increasingly ridiculous threads pretending to prove what they previously believed with more than questionable data and fallacious reasoning.

But he entertains himself and has a good time.

History need not repeat itself with anything. Humans, when we look at the past, see patterns or regularities and in some cases assume that the future will be similar. In the case of Bitcoin, most models predict a similar behaviour in each cycle (from halving to halving) when this does not have to be the case.