infofront (OP)
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Shitcoin Minimalist
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July 31, 2020, 04:35:52 AM |
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Yes, it seems the meme is crystallizing into reality
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600watt
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July 31, 2020, 05:00:05 AM |
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https://www.epsilontheory.com/the-grifters-chapter-1-kodak/They’re. Not. Even. Pretending. Anymore.
Who is “they”?
On the corporate-grift side, it’s Kodak Chairman and CEO Jim Continenza (SEC CIK 0001197594), who picked up about 3 million shares and cheap options over the past year. It’s Kodak board member George Karfunkel (SEC CIK 0001085765), of the private equity and banking Zyskind-Karfunkel family, with his 6.4 million shares. It’s Kodak board member Philippe Katz (SEC CIK 0001579836), who owns about 4.3 million shares through at least five shell companies. Who is “they”?
On the government-grift side, it’s Donald Trump, who gets a press conference and a talking point.
It’s Commerce Secretary Wilbur Ross and Secretary of State Mike Pompeo, who sit on the DFC board of directors and approved this deal, each pocketing a favor.
It’s Larry Kudlow, University of Rochester alum and friend of Kodak, who pockets a BIG favor.
It’s Adam Boehler, 41 year-old CEO of the DFC, who cements a lucrative career once his government “service” is complete. etc good stuff I'm surprised that 600watt isn't named there. His opsec must be spot on. exactly my thoughts. how do you know I am not named?
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marcus_of_augustus
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Eadem mutata resurgo
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July 31, 2020, 05:11:10 AM |
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Heater
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July 31, 2020, 05:41:44 AM |
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600watt
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July 31, 2020, 05:57:20 AM Last edit: July 31, 2020, 06:07:47 AM by 600watt |
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trying to be prepared and having plan, whether it is incremental or trying to hit the top to exit with big parts of stash is all nice and smart. but there are problems. Marcus of Augustus posting of the Matrix/Neo meme holds much more truth than it appears when only seeing it as a joke. one day there will be a run-up in bitcoin where all the exit-plan guys will get burned badly. because all they get is collapsing fiat. it will be a lot of fiat, and they will feel rich for some days, but in reality they have just given away their wealth. maybe some of the present day dollar billionaires are waiting too for that moment. they don't take the risk of investing in bitcoin early, but they wait until the $ collapse is around the corner (better say accelerating since it is already going on) and then swiftly jump from fiat to btc. leaving the bitcoin hodlers with their brillant exit plan with tons of worthless printed paper confetti.
imagine you win $30 million in a lottery tomorrow. what would you do with it? after the hookers and blow I am sure you want to invest. land? sure. but be aware that in case your country goes bonkers and you have to leave, you can't take that with you. and maybe you can't even sell it in case of emergency fast enough for a good price. real estate? prices are on record highs, you buy into a bubble. stocks? same shit. gold? also very hard to carry across borders. and on record highs. investing in bitcoin seems reasonable. for all the crisis scenarios for sure. if you would invest crazy fiat figures into bitcoin because of safety, why would you plan the exact opposite only because the asset that you identified as safe playing is doing what you always expected it to do: becoming more valuable in fiat. in the moment the nemesis of fiat does its thing, the biggest proponents of bitcoin want to jump into the the arms of rotting fiat. I don't get that.
edit: the "this-time-it´s-different" guys will eventually be right one day. then all the efforts of the exit-planners will be crushed. there will be "the big one" someday.
edit2: what I mean is that there will be no buying back later for cheap prices because after the "big-one" prices aint coming back.
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Last of the V8s
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Be a bank
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https://twitter.com/NautilusCap/status/1288903795422920711#Dollar -- Reminder, 16-year cycle has "captured" all major swings ........... next trough not until February 2025. hmm. who would win to break this cycle? 2.5 million 'neckbeards in their basements' backed by an army of 25,000 tech-heads with cheap electricity hopefully mostly upstream of the 3 Gorges Dam or 25,000 crony capitalist families backed by an army of 2.5 million grunts armed to the teeth with nukes and other redundant technologies
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El duderino_
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BTC + Crossfit, living life.
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Heater
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July 31, 2020, 06:37:16 AM |
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trying to be prepared and having plan, whether it is incremental or trying to hit the top to exit with big parts of stash is all nice and smart. but there are problems. Marcus of Augustus posting of the Matrix/Neo meme holds much more truth than it appears when only seeing it as a joke. one day there will be a run-up in bitcoin where all the exit-plan guys will get burned badly. because all they get is collapsing fiat. it will be a lot of fiat, and they will feel rich for some days, but in reality they have just given away their wealth. maybe some of the present day dollar billionaires are waiting too for that moment. they don't take the risk of investing in bitcoin early, but they wait until the $ collapse is around the corner (better say accelerating since it is already going on) and then swiftly jump from fiat to btc. leaving the bitcoin hodlers with their brillant exit plan with tons of worthless printed paper confetti.
imagine you win $30 million in a lottery tomorrow. what would you do with it? after the hookers and blow I am sure you want to invest. land? sure. but be aware that in case your country goes bonkers and you have to leave, you can't take that with you. and maybe you can't even sell it in case of emergency fast enough for a good price. real estate? prices are on record highs, you buy into a bubble. stocks? same shit. gold? also very hard to carry across borders. and on record highs. investing in bitcoin seems reasonable. for all the crisis scenarios for sure. if you would invest crazy fiat figures into bitcoin because of safety, why would you plan the exact opposite only because the asset that you identified as safe playing is doing what you always expected it to do: becoming more valuable in fiat. in the moment the nemesis of fiat does its thing, the biggest proponents of bitcoin want to jump into the the arms of rotting fiat. I don't get that.
edit: the "this-time-it´s-different" guys will eventually be right one day. then all the efforts of the exit-planners will be crushed. there will be "the big one" someday.
edit2: what I mean is that there will be no buying back later for cheap prices because after the "big-one" prices aint coming back.
If the Bitcoin price keeps rising you should give serious consideration to rebalancing your portfolio. I don't see any issue owning some real estate, some stonks, some cash, some gold - whatever assets float your boat. Bitcoin is not an income-earning asset, so you need to keep that in mind. If Bitcoin does achieve world domination this won't be the optimal strategy, but the truth is no one can predict the optimal strategy.
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Globb0
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Free spirit
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July 31, 2020, 06:40:13 AM |
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I am a simple man with absolutely no need for "Lambos",cannot afford the years taken off my life due to any drug habits, and don't want hookers.
....
I suppose that sounds boring.
No worries. Do you know what most companies do these days for their carbon footprint? offset it. So they pay for some forest or something. You can go Lambo Drugs Hookers neutral, by off setting it to me. Then you can know hookers and lambo makers can feed their families
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elrippos friend
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only hodl what you understand and love!
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July 31, 2020, 06:51:26 AM |
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600watt
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Activity: 2338
Merit: 2106
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July 31, 2020, 07:07:39 AM |
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trying to be prepared and having plan, whether it is incremental or trying to hit the top to exit with big parts of stash is all nice and smart. but there are problems. Marcus of Augustus posting of the Matrix/Neo meme holds much more truth than it appears when only seeing it as a joke. one day there will be a run-up in bitcoin where all the exit-plan guys will get burned badly. because all they get is collapsing fiat. it will be a lot of fiat, and they will feel rich for some days, but in reality they have just given away their wealth. maybe some of the present day dollar billionaires are waiting too for that moment. they don't take the risk of investing in bitcoin early, but they wait until the $ collapse is around the corner (better say accelerating since it is already going on) and then swiftly jump from fiat to btc. leaving the bitcoin hodlers with their brillant exit plan with tons of worthless printed paper confetti.
imagine you win $30 million in a lottery tomorrow. what would you do with it? after the hookers and blow I am sure you want to invest. land? sure. but be aware that in case your country goes bonkers and you have to leave, you can't take that with you. and maybe you can't even sell it in case of emergency fast enough for a good price. real estate? prices are on record highs, you buy into a bubble. stocks? same shit. gold? also very hard to carry across borders. and on record highs. investing in bitcoin seems reasonable. for all the crisis scenarios for sure. if you would invest crazy fiat figures into bitcoin because of safety, why would you plan the exact opposite only because the asset that you identified as safe playing is doing what you always expected it to do: becoming more valuable in fiat. in the moment the nemesis of fiat does its thing, the biggest proponents of bitcoin want to jump into the the arms of rotting fiat. I don't get that.
edit: the "this-time-it´s-different" guys will eventually be right one day. then all the efforts of the exit-planners will be crushed. there will be "the big one" someday.
edit2: what I mean is that there will be no buying back later for cheap prices because after the "big-one" prices aint coming back.
If the Bitcoin price keeps rising you should give serious consideration to rebalancing your portfolio. I don't see any issue owning some real estate, some stonks, some cash, some gold - whatever assets float your boat. Bitcoin is not an income-earning asset, so you need to keep that in mind. If Bitcoin does achieve world domination this won't be the optimal strategy, but the truth is no one can predict the optimal strategy. my "not getting it" is maybe influenced by trying to justify to myself not selling in the previous 3 bullruns and having to live through the horrors of multiyear bear markets. the chances that the next bull run is the last one are impossible to calculate; it would be stupid to act only on behalf of such a doom and gloom scenario. what I want to express is that it may not be wise to sell 80, 90 or even 100% of your stash only because the fiat it represents makes you drunk. I decided I will always keep at least a quarter of my stash, no matter what price it reaches. if btc would shoot to $1 million by EOY I would still not go all fiat. in addition leaving my wealth on an exchange to buy back later in such a turmoil that the next run-up frenzy will bring is another risk. edited
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600watt
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July 31, 2020, 07:11:49 AM |
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https://twitter.com/NautilusCap/status/1288903795422920711#Dollar -- Reminder, 16-year cycle has "captured" all major swings ........... next trough not until February 2025. hmm. who would win to break this cycle? 2.5 million 'neckbeards in their basements' backed by an army of 25,000 tech-heads with cheap electricity hopefully mostly upstream of the 3 Gorges Dam or 25,000 crony capitalist families backed by an army of 2.5 million grunts armed to the teeth with nukes and other redundant technologies exactly. the problem is the moment the elite is changing from horses to cars. why should the car advocates buy into horses in that moment?
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Dorodha
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July 31, 2020, 08:20:14 AM |
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Bitcoin ATM - Visit is @ Sandton City Banking ... Buy BITCOIN FOR CASH Twitter post: https://twitter.com/RobertA16440197/status/1289109575036215296Finally bitcoin add banking system alternative of cash or other payment huge shop owner adding bitcoin payment system discussion are may be risky but better way to gain holding with bitcoin more then real cash $USD to the point USD holder no chance to be gain. other-side bitcoin holder possible to huge gain 2-6years holding time.
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DeathAngel
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#1 VIP Crypto Casino
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July 31, 2020, 09:02:41 AM |
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It is going to be difficult to HODL if the price hits $100,000 or close to that range during the bull phase this time. How many of you will sell nothing & be happy to sit through another long crypto winter? Surely everybody is going to take life changing money out this time?
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600watt
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July 31, 2020, 09:33:01 AM |
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heslo
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July 31, 2020, 09:33:10 AM |
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People said Covid-19 is under control in Australia. Stay save WO brothers. That's mostly Victoria and some of NSW; I'm still safe where I am currently... 1 active case. Hope it stays that way!
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Wekkel
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yes
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July 31, 2020, 09:46:32 AM |
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It's worse than regular accounting
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Phil_S
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We choose to go to the moon
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4 year shift 16x price shift sooo... 1 year from now... take a wild guess! July-August 2021
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RejectedBanana
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I am a banana.
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July 31, 2020, 11:25:41 AM |
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He seems to have lived his life on his own terms. That alone deserves respect.
Too bad he gave up on reality and started drinking the Kool-Aid. Happens to a lot of successful people, they think that just because they are successful at one thing they are experts in everything. There is a cult of ignorance in the United States, and there always has been. Anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means " my ignorance is just as good as your knowledge." Isaac Asimov (1980)
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