Without questioning that this system may have a little more reliability than any other expert trader we may see advertised, I will not be hiring it.

First, because I am going to hold. Long term. And for that I don't need any AI. Secondly, because no matter how much AI it is, it is not infallible, since the movement of market prices is not the result of deterministic equations such as those created by Newton to understand the planetary orbits.

I believe that all of us who have been interested in personal finance have read him.

In the end, of all the finance gurus I've read, I prefer Dave Ramsey by far. He gives you 7 steps that everyone who follows them goes from poor to rich.

Regarding Kiyosaky, although I recommend him as a first read for everyone, I think his plan would not work for most people although it may work for some. It is based on taking on as much debt as possible to acquire assets that give you cash flow by taking advantage of low rates, and thus minimizing tax payments.

But this 1) works in the US but not in many other countries because they do not have the same tax breaks and rates. In addition, although we all think that rates will remain low for a while, they can go up, and this leads me to

2)He underestimates the risk. His system, again, is very focused on the US and its bankruptcy system, which is not the same in all parts of the world.

3) It does not take into account one thing that Dave Ramsey does take into account: personal finance is mostly a matter of behavior (psychology) and not so much of rational knowledge. I don't think most people are prepared to follow his cash-flow game.

I also want to point out that his sentence: "your house is not an asset" is fine as a concept if you understand what he means, but I disagree. He applies the same for example to an S&P 500 fund preferring to buy options, which to me is straight up garbage.

But let's go to the house example: according to him it is not an asset because an asset puts money in your pocket while a liability takes money out of your pocket. And I say that as a general idea it is fine but it is wrong. Because if you have a $350,000 paid off house you can sell it and go to a $250,000 house, putting $100k in your pocket, or you can go rent. So it is clearly an asset, and the banks take it into account to give you a loan.

A middle-aged friend of mine had the Astra-Zeneca vaccine and says he has been on sick leave for 3 days, practically unable to get out of bed, fever, etc. As I have said in other posts, I also know of other cases that have had mild symptoms, but in the case of this friend I doubt very much that taking the COVID would have made him worse than the vaccine because he is slim, healthy and does sports.

At the end of the day, this is a dialogue of the deaf because we have discussed those same arguments you are giving in other posts and we don't agree. We'll keep arguing I suppose. For me, the most interesting part of his article is to see how, again, a physician claims that COVID statistics have been inflated. I know that you keep insisting on the mortality increase, but I answered you in the other post and you still haven't answered: for me the mortality increase does not invalidate anything of what I expose, because it is logical that if we have a new deadly disease (although of low mortality), the total mortality will increase. This is perfectly compatible with COVID cases being inflated, as they have been.

I agree with @mk4 and @pooya87 but to say it in my own words: if you open this post thinking about selling because the price is at $54k, you either need the money, which means you shouldn't have bought Bitcoin, or you don't understand what Bitcoin is and where it's going.


Will you sell at $58k then?

One thing is the idea with which Bitcoin was created and another what happens afterwards. It was also created to be a P2P electronic cash system and, at least for the moment, it is succeeding more as a store of value than as a medium of exchange.

I think that Paypal with this does help the adoption of bitcoin mainstream, even if it is against the founding spirit, because if Bitcoin becomes massively used someday, the vast majority of people will use it without understanding how it works, in the same way that the vast majority of people use fiat money and do not understand how it is created or how central banks work.

Today I want to bring the thoughts of Dr Malcolm Kendrick, and I will summarize what he says but it is worth reading the whole article.

"1: ‘The Concept of Coronavirus Herd Immunity Is Deadly and Dangerous’ "..."Then the vaccines arrived at fantastical speed and I was told that mass vaccination, by creating herd immunity, would be the factor that would allow us to conquer COVID19 and return to normal life. I am not entirely sure which of these things is impossible, but one of them must be."

"‘2:  Vaccines, on the other hand, are believed to induce stronger and longer lasting immunity.’"..."I think it is pretty close to impossible that vaccination can provide greater protection than that from getting the actual disease. Which is why I think it is utterly bonkers we are actually vaccinating people who have circulating antibodies in their blood."

"3: Universal mask use could save 130,000 U.S. lives by the end of February, new study estimates.’ "..."we have now entered a world when political fact checkers feel free to attack and contradict the findings of scientific papers, using such scientific terms as ‘Mostly false.’ Maybe they should have called it ‘very unique’ at the same time"

"4: As of the 2nd March 2021 there have been 122,953 deaths from COVID19 in the UK.

Unlike many people I have actually written COVID19 on death certificates. Mostly they have been educated guesses. On at least five of them, early last year, there had been no positive swab to go on. So, I was just going on probable symptoms. As were many other doctors at the time.

Which means that you can take five off that number for starters. Although, of course, once written, that is very much, that … when it comes to death certificates. In fact, early on in the pandemic, we were probably underdiagnosing as often as over diagnosing deaths from COVID19. Although no-one will ever know. With no positive swab – and few swabs were being done – and almost no post-mortems – you were simply guessing."


More on : https://drmalcolmkendrick.org/2021/03/06/believing-in-impossible-things-and-covid19/

This is the scientific objectivity sold to us by the official positions. We have to believe that COVID is a terribly deadly disease, when percentage-wise it is ridiculous, and the percentages were inflated, especially at the beginning of the pandemic, because everything was overdiagnosed as COVID.

https://www.facebook.com/MichaelMcNamaraTD/posts/3840557722640402

You can use the ignore button with me. I've used it sometimes but just with trolls or people who are not respectful enough when they argue, not just because they don't agree with me.

I'll give you that an older person has a relative high chance of dying. It was said to be 20% in the early months of the pandemic but this figure has now been lowered. But whatever, even if it is 10%, it is a relatively high figure.

What is false is the second thing you say. Yes, there have been people who have died after getting the vaccine. Certainly in percentage less than 10% and it is not clear if they died because of the vaccine or for some other reason.

There are people in the forum who say that there are a lot of people dying everywhere because of the vaccine but you ask them for links to back what they say and they do not provide them.

Thank you for your response. Normally when I see a comment like that it has the political message behind it but after your explanation and re-reading the post I see that you are trying to be aseptic. In any case I see that the outcome, being rich or poor, ending up having more Bitcoin or less, would largely depend on one's decisions, whether you are patient or impatient, wise etc. and not so much on a system that supposedly oppresses, although the trend is curious.

Good thing, this is one more step in the normalization of Bitcoin and cryptocurrencies. I visit google finance from time to time but hadn't noticed. Let's see how long it takes Google to buy bitcoin or accept payments. I don't think it will be the next one but it looks like little by little all the big ones will follow in the footsteps of Tesla and Paypal.

Very well worked post but that communist crap theory that the rich are getting richer and the poor are getting poorer does not match the facts. Without denying that in small periods of time that happens, the long term trend is that everyone gets richer, the rich and the poor. I have explained this in other posts but I am sick of it. A poor person today enjoys many more goods and services than a poor person 100, 200 and 1,000 years ago. In particular, he eats much more, and many are fat (from eating so much junk food), something unthinkable centuries ago.

That's simply not true. Vaccines do not prevent you from catching the virus or transmitting it, at least in principle it has not been demonstrated, what they do seem to do is to prevent you from developing a serious clinical picture.


Yes well, but there are also lots doctors who think COVID vaccines are wonderful.

I follow Saylor quite a bit, and yes, they are going to keep buying. In an environment where cash is devaluing 15-20% per year and Bitcoin has appreciated 200% per year on average since its inception, the equation is clear. Even if you assume that since Bitcoin has a large market cap, it will appreciate less, let's say ten times less or 20% per year, it is still very profitable to buy Bitcoin and only have the minimum cash necessary.

So, what? I've told you before I don't deny COVID exists.


You can call it collapse being overwhelmed or whatever. How do you explain that there is a peak of 100% excess mortality just in April 2020 for a disease that has a so low death rate? That 100% excess was only in April. There is no other month with 100% excess mortality.

Yes they are counting it like that. Or at least they were. I posted the following link in another thread but it's worth re-posting for people to see. It is from the Irish Parliament:

https://www.facebook.com/MichaelMcNamaraTD/posts/3840557722640402

I partially agree with jaysabi. As I said a few pages ago, I think the rewards program seeks to build customer loyalty. It is clear that the casino has to cover the expenses and make a profit, otherwise it has to close. For me, what FB does with the program is to reduce its HE with certain users who hold a certain amount of tokens, but this reduction is compensated precisely by the tokens and loyalty.

Yes, we have been following this trend for some time, as shown in the chart and as discussed in other posts. It looks like the price has to keep going up, with its drawbacks, of course, but the equation is clear: High demand- Low supply.
Therefore, the price has to keep going up.

Even if it were a scam, which I am inclined to think it is at least partially, it will never be recognized. If we get back to normal, either because politicians like this one open the way or whatever, the official thesis will say it's because of the success of vaccines or something like that. The point is that COVID is nowhere near as deadly a disease as the Black Death was but measures have been taken to restrict freedoms as if it were.

What strikes me about this is that the people who are going to receive the checks do not realize that they are going to be poorer. Feast today famine tomorrow. I don't deny that there are people who need it and can use it, but all these massive impressions of money end up in higher prices than the purchasing power. The countries in the world that print the most money are the poorest countries. It may boost the Bitcoin price but it seems to me that measures like this are like shooting yourself in the foot.

I think this is what it all boils down to. The OP probably sold his Bitcoin betting on a shit-alternative like Bitcoin Gold and all that blather he writes is an after-the-fact rationalization to try to justify why he is right (despite the price) and those of us who sold the shitcoins in the forks to buy more Bitcoin are wrong.