ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 03, 2023, 06:01:20 AM |
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ChartBuddy
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 03, 2023, 07:01:17 AM |
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jenny56
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Activity: 83
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May 03, 2023, 07:10:16 AM |
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Perfect! Lol
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OutOfMemory
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Activity: 1708
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Man who stares at charts (and stars, too...)
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May 03, 2023, 07:39:55 AM |
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My DCA buy, originally scheduled for monday, got delayed for tuesday, when it slipped into the little $28k dip. Nice.
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ChartBuddy
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 03, 2023, 08:01:16 AM |
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bitebits
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Activity: 2255
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Flippin' burgers since 1163.
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I got it, but I am reconsidering even to have more than a current month expense in the bank. You get 0% there and in a money market almost 5%. I am sure that after I would post this, some money market would get off parity and money would flow backwards into the "safe" banks. In fact, I penciled this scenario for sometime in the next 6-8 mo as banks cannot tolerate losing deposits to Treasury direct and money markets for too long. In my country banks don't pay anything on deposits. I'm not sure why but it's like that. They will direct you to put money in various instruments, some are very common, government backed, but you can't put more than less than 1BTC at current prices. After that we're talking life insurance, bonds stocks etc. But in the US banks pay something, and I was seeing that JPMorgan made tons of money lately, because they hiked the rates of mortgages like crazy, but increased the rates they pay on deposits to something ridiculous like 0.3%. If I was a customer I would be angry... Banks have multi year/decade bonds purchased during the zero interest era. When interest rates go up, the price of existing bonds goes down. The banks holding these bonds can't offer you a higher interest rate than the bonds on their balance sheets. Obviously people and businesses start taking their fiat out of the bank and put it into the current >5% yielding bonds themselves. This forces the banks to sell their bonds at a loss. People with money still in the bank then start to get worried and take their fiat out as well: a bank run leading to bankruptcy, which these days can happen within minutes/hours/days. TL;DR Buy bitcoin and be your own, full reserve, bank.
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ChartBuddy
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 03, 2023, 09:01:21 AM |
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ChartBuddy
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 03, 2023, 10:01:17 AM |
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ChartBuddy
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Activity: 2338
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 03, 2023, 11:01:17 AM |
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ChartBuddy
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Activity: 2338
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 03, 2023, 12:01:23 PM |
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OutOfMemory
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Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
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May 03, 2023, 12:27:33 PM |
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Nice catch up @Gachapin bro... Yeah, badly needed. Thanks, Gachapin!
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Xinarae*
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May 03, 2023, 12:42:13 PM |
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Nice catch up @Gachapin bro... Yeah, badly needed. Thanks, Gachapin! Also thanks, OutOfMemory
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ChartBuddy
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 03, 2023, 01:01:17 PM |
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BitcoinBunny
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Activity: 1568
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Far, Far, Far Right Thug
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Wasn't that Al Gore? He certainly invented climate change and then earned hundreds of millions of dirty polluting fiat dollars.
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Xinarae*
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May 03, 2023, 01:30:41 PM |
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We may be waiting for a time when cryptocurrency will be prioritized as one of the biggest investment places in the world... I hope the whole world will work together with it...
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d_eddie
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Activity: 2660
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Wasn't that Al Gore? He certainly invented climate change and then earned hundreds of millions of dirty polluting fiat dollars. Gore invented the Internet at the age of 15 or so while messing around on his macbook, but left implementation to the military and academia. Berners-Lee invented the web and implemented client and server at 34 YO.
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