That may have been a bit of a politically correct statement. In truth, I think Biden is suffering from dementia and him being President is elder abuse. He's going to likely go down in history as one of the worst US Presidents of all time when this is all over with. That would probably even be true if he wasn't trying to start World War III. My true feelings are that Trump was the only President we've had in the last 30 years who wasn't a warmonger, but that sounds a little too crazy...
You went from incorrect to partisan. Also, it sounds like you don't know the meaning of "politically correct."
I don't give too many shits about politics or political framings or trying to suggest that one leader would have done things differently in such a way that materially matters.. because in the end who cares? Why go there? There are various ways that political framings are fucked up for different reasons.. and do we really want to talk about trump? When trump was in office, we want to talk about hilary?
I doubt that we are thinking about matters more clearly when we get into these kinds of personality assessments.. and surely, if we skip personality assessments, then which policies are we going to talk about? war? Trump is less of a war monger? Ok. You think that we would be in a better place if trump was in office? It's a big so fucking what? He is not in office, and sure are you now on a campaign to keep him out of jail.. Seems like a distraction.. even though the legal system is battling about these topics of potentially prosecuting an ex president who is running again.. and seems that part of Trump's motivation to stay in office, when he was in office, was that he wanted to avoid getting locked up or subject to various kinds of prosecution.. so difficult to be singing the praises of some dweeb like trump when he has hardly any fucking clue, except for gangster/mob ideas to run rough shod over laws.. .. because we should trust him right? A guy that cannot even get through a few sentences before he has to lie in one way or another. He's lied all his life, run scams, scammed people and does not pay people because he is the law.. gangster rules.. It is difficult to understand why people believe that he is some kind of model for how things should be or how things should have gone.
Look. Now you got me talking about/responding to a topic that you brought up... quasi-irrelevant, except I suppose that there are prosecutions still being decided in regards to that dweeb.. and then possible elections involving him.. and sure there are still people who are dumb enough to believe that he is capable of representing anyone besides the shifty and devious and lack of standards of himself... not even going to concede that he is capable of representing himself.. except to whine a lot about himself and his situation or if he is not in the whining mood then I suppose then he is telling everyone how wonderful he is because he shits through gold toliets.. blah blah blah.. likely toilets that he didn't even pay for because "he knows how to use the system" blah blah blah..
I better stop...
Let's get back to something bitcoin related.
However, even an incompetent demented liar in the White House won't be able to stop Bitcoin.
Oh? You do know that we are talking about bitcoin, here. Great.
Yes, current US government policy direction seems to be quite hostile.. so we are getting into game theory regarding which cards current administration is willing to play and if they believe that it works to their advantage to play such cards.. posturing versus playing the card. There's a difference.. and sure some of the posturing is not quite clear about the extent to which they know the difference between bitcoin and crypto and if they are trying to target bitcoin while talking about crypto.. and maybe even frequently afraid to say the word, bitcoin...
Hopefully, you are not so mixed up as to believe that the current administration's policies regarding bitcoin/crypto are very much directed by Biden.. .. sure he does have to agree to "white house's position" on the matter when they come out with some "policy statement" that says what they want or the direction that they are going, and the various heads of agencies, such as SEC are presidential appointments, and so there may be some attempts to coordinate between agencies, but also ongoing contradictions too, no?
This is just another test and hopefully Bitcoin powers through the recession like a champ.
Well many of us longer term bitcoiners should not be too worried, right? I mean we've established a bitcoin position and hopefully we are not fucking around with our position too much in terms of making sure that we are holding a base of bitcoin. I would imagine that you should be in a similar position in which you have a base of bitcoin that you are not selling.. unless you fucked up and sold too many of them along the way. And, of course, you could still have aspirations to accumulate more bitcoin, but still, if you been in bitcoin at least 2.5 years longer than me (based on your forum registration date), then I would imagine that you have figured out ways to not give up too many of your bitcoin through the various extremes in the BTC price swings and also not really knowing which way the BTC price might go in the short term - even if we might have decent confidence that bitcoin remains a decently strong investment in the longer term.
I know that I have frequently criticized you specifically for your seeming ongoing levels in which I believe that you present your ideas (including your ideas about BTC price direction) with too much confidence, and hopefully you are not managing your BTC holdings in those kinds of ways, because there are chances that the BTC price may well move contrary to the direction that it "should be moving".. so on a personal level, I try not to hinge too much of my own financial and/or psychological sanity on short to medium BTC price directions, and I try to be prepared for either price direction, even though I will admit that it does make me nervous to think about BTC prices going below $10k or even going below $12k-$14k would not be too comfortable.. and even though I am gaining some confidence that the so far bottom of $15,479 is likely to be "in," I am not so confident as to NOT prepare financially/psychologically just in case that it is not.... how could we be out of the bear market yet when we still have not really gotten back over the 200 week moving average, and we have been almost completely below the 200-week moving average since last June.. what is that? getting close to 9 months no? Enough for a baby, no? Fuck.
Yes.. I would prefer for the price to go up too.. and I would prefer to suggest that it is "about time" that we return to UPpity.. but how much confidence can we have?.. except to ongoingly attempt to prepare ourselves, the best that we can, for either price direction.. and sure, I would even admit that if BTC prices were to go sideways while other macro assets are going down, then that would likely be bullish and/or a win.. but we should already know that bitcoin no doesn't work like that. We cannot just expect rosy and lovely and uppity and even stable bitcoin without some pain along the way, even though in the longer term many of us longer term bitcoiners likely have enough confidence in my lil precious to stay invested in it, not to be shaken out, and just continue with your persistence in terms of thinking that bitcoin is built for this.. and has good odds of outperforming other assets in the longer term.. even though sometimes having some shorter term struggles including that bitcoin is very liquid and very manipulatable.. .. but at the same time, so far, it has gotten through some of the craziness of 2022.. pretty damned well in the whole scheme of things.
I've been pretty vocal in the past that Bitcoin would suffer in a recession, but I didn't realize the amount of money that we'd print to fight the flu when I was saying that. In dollar terms, even in a major recession, it's hard to imagine assets getting hit too hard with the money supply growing the way it is.
I cannot really disagree with anything that you seem to be saying here and the whole recently past money printing practices of the past nearly 3 years now seems to show a certain level of desperation.... and for some reason, the whole system has not imploded worse than it has.. so far. For sure, we are not out of the woods in terms of either macro or in terms of bitcoin, yet..... so yeah, implosions can be difficult to get through depending on how bad they play out.. and surely we cannot know how much bitcoin might go down (in the short term) with some of the various other assets or if it might end up staying down longer than expected.. or if it may well go sideways or up during such events.. which would be crazy, but not out of the question of something that could end up happening, contrary to the belief of many of the bitcoin naysayser, no coiners, shitcoiners and fence sitters.
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