lightfoot
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Activity: 3094
Merit: 2239
I fix broken miners. And make holes in teeth :-)
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March 11, 2024, 07:38:19 PM |
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Yeah that 10k drop a few days ago made me think "Ah the good old days are back!"
Fortunately I didn't have a sell wall at that point. But still yeah those can wipe out a backup position quickly. Then again that's why you have them so you don't wind up catching a 30k falling knife.
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Nanga Parbat
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March 11, 2024, 07:49:51 PM |
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Happy Ramadan!
May this holy month bring blessings, peace and happiness to all community member.
And wishing you Ramadan filled with spiritual growth , kindness and gratitude in the blessed month .
Happy Ramadan everyone let us embrace this Mouth with open hearts seek forgiveness and strive to spread mercy and goodness Ameen.
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Akbarkoe
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Activity: 1190
Merit: 1005
Leading Crypto Sports Betting & Casino Platform
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March 11, 2024, 07:52:50 PM |
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Yeah that 10k drop a few days ago made me think "Ah the good old days are back!"
Fortunately I didn't have a sell wall at that point. But still yeah those can wipe out a backup position quickly. Then again that's why you have them so you don't wind up catching a 30k falling knife.
In the end we will not see that price again at the day, or the front cycle, we have a pretty bad injury, institutional competition in accumulating Bitcoin will make the All Time Low higher, and we will not see again $ 30K. See you  |
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ChartBuddy
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Activity: 2156
Merit: 1747
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 11, 2024, 08:01:14 PM |
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  ExplanationChartbuddy thanks talkimg.com |
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Paashaas
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Activity: 3424
Merit: 4344
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March 11, 2024, 08:11:14 PM Merited by JayJuanGee (1) |
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I've been thinking a lot about these ETFs and running the possible scenarios through my head.
I'm increasing my probability of a speculative attack on the USD to 30-40% by the end of 2025.
What might this look like?
There will be a gargantuan, constant bid on Bitcoin, as a flight to safety out of all fiat currencies. A bid from the hand of God himself.
George Soros breaking the Bank of England will be a drop in the ocean compared to what is coming.
The attack vector here will come from all angles, this is what makes my probability so high:
- From the corporate angle: companies see what Saylor is doing with issuing more and more debt to buy bitcoin, and copy him.
- Countries see the success of El Salvador in buying bitcoin and copy them. The Saudis also start bidding, causing other countries to bid in secret for national security reasons.
- Individuals see viral Tik Tok campaigns explaining that the cost of living is so high because of the currency. They buy because they are screwed anyway. Financial nihilism. The zeitgeist is perfect for this.
- Banks see customer deposits flee to crypto exchanges / ETFs, prompting them to offer custodial solutions.
- Politicians looking to make a name for themselves realise the younger generation wants Bitcoin, not Fed Coin.
- Hedge funds realise the US is increasing debt by $1 trn every 100 days and make it publicly known that they are taking very large positions in Bitcoin, encouraging others to do the same.
There is no real precedence for any of this.
We are talking about a global flight to safety on a scale that is so enormous it should scare you to even consider this as a 1% probability event, let alone 30-40%.
If you see what I see, there are not any words in the English language to describe how big of a deal this is.
We are talking about a tidal wave of money all trying to escape the fiat system simultaneously, into a digital asset with a fixed supply.
Where we are going, there will be no ask.
If this eventuates, it will become a systemic risk to the global financial system as it is currently structured, forcing the G20 to convene in a Bretton Woods 2.0 meeting to rejig The Game.
It seems to me that there is blood in the water here.
The sharks are coming...
They can see the kill.
They want a feast.
And they fucking deserve it. https://twitter.com/rationalaussie/status/1767216888936071427?t=SlyoLg9f5DR4cI2VInoZ1A&s=19 |
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NIZZAONE
Full Member
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Activity: 643
Merit: 234
"a mad man is laughing at the rain"
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March 11, 2024, 08:25:50 PM |
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Biodom
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Activity: 3738
Merit: 3848
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March 11, 2024, 08:33:28 PM
Last edit: March 11, 2024, 08:46:10 PM by Biodom |
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I've been thinking a lot about these ETFs and running the possible scenarios through my head.
I'm increasing my probability of a speculative attack on the USD to 30-40% by the end of 2025.
What might this look like?
There will be a gargantuan, constant bid on Bitcoin, as a flight to safety out of all fiat currencies. A bid from the hand of God himself.
George Soros breaking the Bank of England will be a drop in the ocean compared to what is coming.
The attack vector here will come from all angles, this is what makes my probability so high:
- From the corporate angle: companies see what Saylor is doing with issuing more and more debt to buy bitcoin, and copy him.
- Countries see the success of El Salvador in buying bitcoin and copy them. The Saudis also start bidding, causing other countries to bid in secret for national security reasons.
- Individuals see viral Tik Tok campaigns explaining that the cost of living is so high because of the currency. They buy because they are screwed anyway. Financial nihilism. The zeitgeist is perfect for this.
- Banks see customer deposits flee to crypto exchanges / ETFs, prompting them to offer custodial solutions.
- Politicians looking to make a name for themselves realise the younger generation wants Bitcoin, not Fed Coin.
- Hedge funds realise the US is increasing debt by $1 trn every 100 days and make it publicly known that they are taking very large positions in Bitcoin, encouraging others to do the same.
There is no real precedence for any of this.
We are talking about a global flight to safety on a scale that is so enormous it should scare you to even consider this as a 1% probability event, let alone 30-40%.
If you see what I see, there are not any words in the English language to describe how big of a deal this is.
We are talking about a tidal wave of money all trying to escape the fiat system simultaneously, into a digital asset with a fixed supply.
Where we are going, there will be no ask.
If this eventuates, it will become a systemic risk to the global financial system as it is currently structured, forcing the G20 to convene in a Bretton Woods 2.0 meeting to rejig The Game.
It seems to me that there is blood in the water here.
The sharks are coming...
They can see the kill.
They want a feast.
And they fucking deserve it. https://twitter.com/rationalaussie/status/1767216888936071427?t=SlyoLg9f5DR4cI2VInoZ1A&s=19I found those scenarios to be unlikely in a short time frame (1-2 years). Most likely, we would pull up to a significant % of the gold market cap of about 12 tril (anywhere between 30 and 50%) aka $4-6 tril or 200-300K/btc. My favorite number, if someone asks, is currently $236K/btc. |
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ChartBuddy
Legendary
Offline
Activity: 2156
Merit: 1747
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 11, 2024, 09:01:16 PM |
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 ExplanationChartbuddy thanks talkimg.com |
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BitcoinBunny
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Activity: 1442
Merit: 2493
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March 11, 2024, 09:28:21 PM Merited by fillippone (3) |
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Instead of spouting drivel, she should get into la cuisine and make me a baguette. |
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xhomerx10
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Activity: 3822
Merit: 7976
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March 11, 2024, 09:35:02 PM |
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 HFSP France!
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cygan
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Activity: 3136
Merit: 7721
Crypto Swap Exchange
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March 11, 2024, 09:38:54 PM |
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BitcoinBunny
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Activity: 1442
Merit: 2493
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Whatever dumbassery there is in the legacy media, at least it is very clear that they are still talking about Bitcoin.
Certainly not Ethereum, not Vitalik walking zombie deep eye socket man, not BNB, not Solana and not bearded ape asswiped NFTs.
Other "cryptos" are not even worth mentioning here as they are bound to fall off the radar in a few years whichever position they currently enjoy on coinmarketcap.
Most never even regained their previous highs whilst we have seen BTC's new ATHs. At what point is it not clear to people that they are shitcoins?
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ChartBuddy
Legendary
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Activity: 2156
Merit: 1747
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 11, 2024, 10:01:14 PM |
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 ExplanationChartbuddy thanks talkimg.com |
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criptoevangelista
Full Member
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Activity: 238
Merit: 501
Siga sempre em frente! always move forward!
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March 11, 2024, 10:29:51 PM |
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I'm starting to believe in Adam Back... 100k before halving
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Pandorak
Member
Offline
Activity: 112
Merit: 111
A Member who wants to become a ₿ maxi
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March 11, 2024, 10:30:54 PM |
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I'm sure she herself doesn't know what she's saying, she thinks the halving event is an event to halve price of bitcoin, french bitcoiners should apologize 1000x for this . |
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BitcoinBunny
Legendary
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Activity: 1442
Merit: 2493
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March 11, 2024, 10:35:10 PM |
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I'm sure she herself doesn't know what she's saying, she thinks the halving event is an event to halve price of bitcoin, french bitcoiners should apologize 1000x for this . I will forgo an apology personally as long as Eva Green is FedExed to me via overnight shipping. |
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Pandorak
Member
Offline
Activity: 112
Merit: 111
A Member who wants to become a ₿ maxi
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I'm sure she herself doesn't know what she's saying, she thinks the halving event is an event to halve price of bitcoin, french bitcoiners should apologize 1000x for this . I will forgo an apology personally as long as Eva Green is FedExed to me via overnight shipping.  You got her (Eva Green with FedEx), now you can apologize |
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ChartBuddy
Legendary
Offline
Activity: 2156
Merit: 1747
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 11, 2024, 11:01:13 PM |
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 ExplanationChartbuddy thanks talkimg.com |
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philipma1957
Legendary
 Online
Activity: 4102
Merit: 7820
'The right to privacy matters'
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March 11, 2024, 11:07:47 PM |
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I've been thinking a lot about these ETFs and running the possible scenarios through my head.
I'm increasing my probability of a speculative attack on the USD to 30-40% by the end of 2025.
What might this look like?
There will be a gargantuan, constant bid on Bitcoin, as a flight to safety out of all fiat currencies. A bid from the hand of God himself.
George Soros breaking the Bank of England will be a drop in the ocean compared to what is coming.
The attack vector here will come from all angles, this is what makes my probability so high:
- From the corporate angle: companies see what Saylor is doing with issuing more and more debt to buy bitcoin, and copy him.
- Countries see the success of El Salvador in buying bitcoin and copy them. The Saudis also start bidding, causing other countries to bid in secret for national security reasons.
- Individuals see viral Tik Tok campaigns explaining that the cost of living is so high because of the currency. They buy because they are screwed anyway. Financial nihilism. The zeitgeist is perfect for this.
- Banks see customer deposits flee to crypto exchanges / ETFs, prompting them to offer custodial solutions.
- Politicians looking to make a name for themselves realise the younger generation wants Bitcoin, not Fed Coin.
- Hedge funds realise the US is increasing debt by $1 trn every 100 days and make it publicly known that they are taking very large positions in Bitcoin, encouraging others to do the same.
There is no real precedence for any of this.
We are talking about a global flight to safety on a scale that is so enormous it should scare you to even consider this as a 1% probability event, let alone 30-40%.
If you see what I see, there are not any words in the English language to describe how big of a deal this is.
We are talking about a tidal wave of money all trying to escape the fiat system simultaneously, into a digital asset with a fixed supply.
Where we are going, there will be no ask.
If this eventuates, it will become a systemic risk to the global financial system as it is currently structured, forcing the G20 to convene in a Bretton Woods 2.0 meeting to rejig The Game.
It seems to me that there is blood in the water here.
The sharks are coming...
They can see the kill.
They want a feast.
And they fucking deserve it. https://twitter.com/rationalaussie/status/1767216888936071427?t=SlyoLg9f5DR4cI2VInoZ1A&s=19I found those scenarios to be unlikely in a short time frame (1-2 years). Most likely, we would pull up to a significant % of the gold market cap of about 12 tril (anywhere between 30 and 50%) aka $4-6 tril or 200-300K/btc. My favorite number, if someone asks, is currently $236K/btc. I think the flight will be into: gold silver platinum palladium then btc Maybe stones like ruby emeralds and diamonds. But it still does not mean dump your btc. I am hoping for my btc savings to become higher than my wife's 'safe' 401k by 2026 |
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