BobLawblaw
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Activity: 1861
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Neighborhood Shenanigans Dispenser
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December 19, 2021, 12:19:50 AM |
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So with the rise of Omicron in Europe and soon the USA (I think it will go astronomical over there - compare the delay previously in Feb - March 2020 Europe and the months following in the US) how long before tapering becomes complete acceleration of money printing?
I know we have that other thread to discuss this kinda stuff, and don't want to get too long-winded, but I sincerely believe everyone who has not yet achieved natural antibody response, eventually becoming infected with Omicron is the end-game for this C19 shitfuckery.
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somac.
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Activity: 2104
Merit: 1237
Never selling
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December 19, 2021, 12:39:16 AM |
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So with the rise of Omicron in Europe and soon the USA (I think it will go astronomical over there - compare the delay previously in Feb - March 2020 Europe and the months following in the US) how long before tapering becomes complete acceleration of money printing?
I know we have that other thread to discuss this kinda stuff, and don't want to get too long-winded, but I sincerely believe everyone who has not yet achieved natural antibody response, eventually becoming infected with Omicron is the end-game for this C19 shitfuckery. Let's hope so. More years of this crap would not be good for society.
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ChartBuddy
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Activity: 2296
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 19, 2021, 01:01:27 AM |
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Biodom
Legendary
Online
Activity: 3878
Merit: 4311
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December 19, 2021, 01:22:48 AM |
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So with the rise of Omicron in Europe and soon the USA (I think it will go astronomical over there - compare the delay previously in Feb - March 2020 Europe and the months following in the US) how long before tapering becomes complete acceleration of money printing?
I'd say there will be another couple of rounds of helicopter money. February 2022 and May 2022.
BTC to $100,000 by April.
I don't know the why or the when. But what I do know for absolute certainity is that there will always be more printing. Every asset, not just bitcoin, will be heading north. Great time to be an asset holder, worst time to be a worker relying on only income. So true, I am still working and we had measly 4-5% increase (in total) in the last three years and in Texas you can't even strike for my current profession. No bargaining of any sort. Inflation-10.6% (official), essentially a 5-6% cut, minimally. If not for bitcoin, etc., belt tightening would have happened.
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jojo69
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Activity: 3290
Merit: 4528
diamond-handed zealot
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December 19, 2021, 01:37:53 AM |
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So with the rise of Omicron in Europe and soon the USA (I think it will go astronomical over there - compare the delay previously in Feb - March 2020 Europe and the months following in the US) how long before tapering becomes complete acceleration of money printing?
I know we have that other thread to discuss this kinda stuff, and don't want to get too long-winded, but I sincerely believe everyone who has not yet achieved natural antibody response, eventually becoming infected with Omicron is the end-game for this C19 shitfuckery. Let's hope so. More years of this crap would not be good for society.
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ChartBuddy
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Activity: 2296
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 19, 2021, 02:01:27 AM |
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JayJuanGee
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Activity: 3836
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Self-Custody is a right. Say no to"Non-custodial"
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December 19, 2021, 02:13:16 AM |
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So with the rise of Omicron in Europe and soon the USA (I think it will go astronomical over there - compare the delay previously in Feb - March 2020 Europe and the months following in the US) how long before tapering becomes complete acceleration of money printing?
I'd say there will be another couple of rounds of helicopter money. February 2022 and May 2022.
BTC to $100,000 by April.
I don't know the why or the when. But what I do know for absolute certainity is that there will always be more printing. Every asset, not just bitcoin, will be heading north. Great time to be an asset holder, worst time to be a worker relying on only income. So true, I am still working and we had measly 4-5% increase (in total) in the last three years and in Texas you can't even strike for my current profession. No bargaining of any sort. Inflation-10.6% (official), essentially a 5-6% cut, minimally. If not for bitcoin, etc., belt tightening would have happened. I am having some difficulties understanding how bitcoin would really help in any kind of meaningful way unless you were in a kind of liquidation phase... So any worker who is in a bitcoin accumulation phase is kind of screwed because things cost more and the amount of income has not kept up with the extra costs, so therefore, s/he is not able to accumulate as many BTC. Any worker who is in maintenance or some kind of pre-liquidation phase would be kind of screwed too because s/he cannot really use the Bitcoin to offset increases in cost of living .. so maybe in that sense there would be some future anticipation that bitcoin is going to help.. but might not really help in the current situation unless it is cashed out or used as collateral in some kind of way... If some liquidation is being done.. then yeah maybe the cost of things causes liquidation to happen at higher levels than anticipated.... so I can relate to some of that. There may be some forum members who may recall that in the past year and a half or so, I had been suggesting that a lot of the price increases had not been affected me in any kind of meaningful way because for quite a bit of that time, I had been considering that my increases in spending were not really enough to really cause me to feel impacts.. so for sure if some aspects of food and entertainment had been less than 10% of my then budget, a doubling of those costs were not really affecting me in meaningful ways, so I had continued to try to figure out various ways to spend more in order to use some of the wealth that was coming from BTC.. and we could even say that our about 7x value increase in BTC that started around September 2020 from around $10k and that has recently been bouncing around in a kind of 4.5x increase.. does still allow for sufficiently increased values of BTC, so still maybe some price increases are not going to materially affect many of us as much in the event that we are not greatly ramping up some of our spending in various ways. I will report that since about September of this year, I have found some ways to increase my spending in several ways.. so I suppose there can be some frustrations in the fact that we seemed to get out of some of our upper $20ks and lower $30k doldrums in early August but then we did end up getting stuck in this kind of mid-$40ks again.. so we do still have more and more signs of prices going up, don't we? It's just not me and my extra spending?... and maybe my overall point is that sometimes there still can be some stresses to spending a lot and then trying to figure out the tax ramifications too.. and then surely some bitcoin has to be drawn into, and if the BTC price goes down, then surely there are needs to spend more of the BTC or maybe not have as much fiat in hand in case the BTC price revisits lower $30k and even gets into the $20ks again?
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Biodom
Legendary
Online
Activity: 3878
Merit: 4311
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December 19, 2021, 02:26:03 AM Last edit: December 19, 2021, 02:56:49 AM by Biodom |
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I did not sell any btc to increase spending, but had to make some moves in a couple of unnamed alts that had obscene gains in 2021. House remodeling is expensive. My bitcoin stash keeps accumulating (slowly) due to mining rewards. For those of you who like viewing some expensive RE (I have to say that the buildings themselves are amazing from the engineering perspective), check out this, although this is probably out of reach for almost everyone here...but in 10 years...who knows: https://www.youtube.com/watch?v=Wehsz38P74g
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 19, 2021, 03:01:39 AM |
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HI-TEC99
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December 19, 2021, 03:24:48 AM |
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$47770
It's good to see a small pump.
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cAPSLOCK
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Activity: 3766
Merit: 5146
Whimsical Pants
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December 19, 2021, 03:25:46 AM |
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Late Saturday/Early Sunday... low volume, and the price knocks on the top of it's channel. This would most likely be a great place to sell. Yet, I am not a trader... but this is a tempting one.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 19, 2021, 04:01:30 AM |
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somac.
Legendary
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Activity: 2104
Merit: 1237
Never selling
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December 19, 2021, 04:02:15 AM |
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So with the rise of Omicron in Europe and soon the USA (I think it will go astronomical over there - compare the delay previously in Feb - March 2020 Europe and the months following in the US) how long before tapering becomes complete acceleration of money printing?
I'd say there will be another couple of rounds of helicopter money. February 2022 and May 2022.
BTC to $100,000 by April.
I don't know the why or the when. But what I do know for absolute certainity is that there will always be more printing. Every asset, not just bitcoin, will be heading north. Great time to be an asset holder, worst time to be a worker relying on only income. So true, I am still working and we had measly 4-5% increase (in total) in the last three years and in Texas you can't even strike for my current profession. No bargaining of any sort. Inflation-10.6% (official), essentially a 5-6% cut, minimally. If not for bitcoin, etc., belt tightening would have happened. It's shocking isn't it, particularly the can't strike bit. People don't seem to realise that there has been a war between 2 forces for the entirety of modern human history and that is the capital class vs the labor class. Ideally these 2 classes should be able to live together and flourish in harmony. The capital owners drive development and are awarded financially when they succeed, and are punished when they fail. The labor classes handle the boots on the ground side of things for this development, and create demand for such development. They get paid for their time and have no risk at losing their wealth if things fail as no capital of their own is at stake and their labor when no longer needed can be utilized elsewhere. Unfortunately, human nature seems to get in the way of this potential harmony. Capital uses its influence and resources to get more than they deserve for their societal efforts and it is always at the expense of labor. Labor should of course put a stop to this when it happens, labor has the power (numbers) to do so, but due to various means of infighting we are rarely united. Hence the problems that you and I currently face regarding reduction of workers rights, inflation, etc. Will labor win another battle, or even war. My guess is we need a great leveller event such as one from Walter Scheidel’s book “The Great Leveler: Violence and the History of Inequality from the Stone Age to the Twenty-First Century” but living through one of those would not be nice. And any positive results don’t seem to last anyway. Therefore join the capital class as best you can, because history shows being on the losing side absolutely sucks. Thank you Satoshi for giving me a chance at this.
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somac.
Legendary
Offline
Activity: 2104
Merit: 1237
Never selling
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December 19, 2021, 04:04:43 AM |
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Late Saturday/Early Sunday... low volume, and the price knocks on the top of it's channel. This would most likely be a great place to sell. Yet, I am not a trader... but this is a tempting one. Majority of time channels break in the opposite direction though.
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Biodom
Legendary
Online
Activity: 3878
Merit: 4311
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December 19, 2021, 04:18:52 AM Last edit: December 19, 2021, 04:40:32 AM by Biodom |
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So with the rise of Omicron in Europe and soon the USA (I think it will go astronomical over there - compare the delay previously in Feb - March 2020 Europe and the months following in the US) how long before tapering becomes complete acceleration of money printing?
I'd say there will be another couple of rounds of helicopter money. February 2022 and May 2022.
BTC to $100,000 by April.
I don't know the why or the when. But what I do know for absolute certainity is that there will always be more printing. Every asset, not just bitcoin, will be heading north. Great time to be an asset holder, worst time to be a worker relying on only income. So true, I am still working and we had measly 4-5% increase (in total) in the last three years and in Texas you can't even strike for my current profession. No bargaining of any sort. Inflation-10.6% (official), essentially a 5-6% cut, minimally. If not for bitcoin, etc., belt tightening would have happened. <snip>My guess is we need a great leveller event such as one from Walter Scheidel’s book “The Great Leveler: Violence and the History of Inequality from the Stone Age to the Twenty-First Century” but living through one of those would not be nice. And any positive results don’t seem to last anyway. Therefore join the capital class as best you can, because history shows being on the losing side absolutely sucks. Thank you Satoshi for giving me a chance at this. Yes and yes. I also read this book. A very nice, but VERY academic study. I managed to finish it..with some effort. Yes, being in the capital/investor class with assets is the only way to beat inflation. Wages would not cut it. Most of my colleagues are counting on pension and or/working until mid seventies. I don't have a heart to tell them them that in a high inflation environment pensions (and we have those without inflation compensation) are doomed. Even Social Security is better (it has COL, standing for the cost of living adjustment).
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ChartBuddy
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Activity: 2296
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 19, 2021, 05:01:26 AM |
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somac.
Legendary
Offline
Activity: 2104
Merit: 1237
Never selling
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December 19, 2021, 05:28:53 AM |
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So with the rise of Omicron in Europe and soon the USA (I think it will go astronomical over there - compare the delay previously in Feb - March 2020 Europe and the months following in the US) how long before tapering becomes complete acceleration of money printing?
I'd say there will be another couple of rounds of helicopter money. February 2022 and May 2022.
BTC to $100,000 by April.
I don't know the why or the when. But what I do know for absolute certainity is that there will always be more printing. Every asset, not just bitcoin, will be heading north. Great time to be an asset holder, worst time to be a worker relying on only income. So true, I am still working and we had measly 4-5% increase (in total) in the last three years and in Texas you can't even strike for my current profession. No bargaining of any sort. Inflation-10.6% (official), essentially a 5-6% cut, minimally. If not for bitcoin, etc., belt tightening would have happened. <snip>My guess is we need a great leveller event such as one from Walter Scheidel’s book “The Great Leveler: Violence and the History of Inequality from the Stone Age to the Twenty-First Century” but living through one of those would not be nice. And any positive results don’t seem to last anyway. Therefore join the capital class as best you can, because history shows being on the losing side absolutely sucks. Thank you Satoshi for giving me a chance at this. Yes and yes. I also read this book. A very nice, but VERY academic study. I managed to finish it..with some effort. Yes, being in the capital/investor class with assets is the only way to beat inflation. Wages would not cut it. Most of my colleagues are counting on pension and or/working until mid seventies. I don't have a heart to tell them them that in a high inflation environment pensions (and we have those without inflation compensation) are doomed. Even Social Security is better (it has COL, standing for the cost of living adjustment). Very depressing that this is how it is. I actually do tell everyone, few people take me seriously though and even fewer have invested because of my rants. But the ones who have are pretty damn happy they did and clearly see the direction things are headed. For the others, well, ignorance is bless. Until reality catches up that is.
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cAPSLOCK
Legendary
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Activity: 3766
Merit: 5146
Whimsical Pants
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December 19, 2021, 05:37:46 AM |
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Late Saturday/Early Sunday... low volume, and the price knocks on the top of it's channel. This would most likely be a great place to sell. Yet, I am not a trader... but this is a tempting one. Majority of time channels break in the opposite direction though. Hopefully we are headed north. But I do not see any evidence of it yet...
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somac.
Legendary
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Activity: 2104
Merit: 1237
Never selling
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December 19, 2021, 05:47:04 AM |
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Late Saturday/Early Sunday... low volume, and the price knocks on the top of it's channel. This would most likely be a great place to sell. Yet, I am not a trader... but this is a tempting one. Majority of time channels break in the opposite direction though. Hopefully we are headed north. But I do not see any evidence of it yet... Me neither, but I'll always hope.
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ChartBuddy
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Activity: 2296
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 19, 2021, 06:01:36 AM |
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