"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

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.

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.

Didn't you hear about the flippening coming any day now?

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/

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.

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.

He just keeps doubling down with nonsense


https://twitter.com/PeterSchiff/status/1347599706113904640

I didn't know that Rick had such a good voice. 

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)}

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.

Cash is trash, m'man.

Ask yourself this: how did the SEC give the green light for a Bitcoin Futures market? Isn't that basically a 'future', permanent endorsement?  

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!).  

The day is young still. Shouldn't you be off buying some corn on PayPal or somethin'?

Luv ya bro ^#nohomo

OT: Instant across the world, no-fee transactions with Strike.

https://www.youtube.com/watch?v=Rt2C3CsLi7k

But...bbut... what about mah big blocks?

More info:
https://jimmymow.medium.com/announcing-strike-global-2392b908f611

He said that he auto-converts the shitcoins directly to BTC after they are mined. He doesn't hodl them. Mining shitcoins cost is lower than mining BTC directly.

Hey philipma just curious, what is the cost of electricity where you live per Kwh?

The idea that Warren Buffett has intrinsic value is a joke.