the hot winds still blow
but I just saw summer blink
nothing can stop time
I still believe we are no longer in the bitcoin cycle. Yes. I am that dumb. And even if we drop once more and start going up in Oct I will STILL believe it's over.
I wish I could find the post years back where I said "Just wait until the reserve banks and governments find out they can create digital fiat with stable coins".
I have never been happy about this inevitability. But it IS going to happen. And the US is likely going to announce something... I do not know how soon.
The system is folding up. People are beginning to stop paying their mortgages. I have heard the numbers are bigger than 2008 already. Why is this not in the news?
Because they know. It would create panic. They just need a little longer.
Daniel 2:
"You saw, O king, and behold, a great image. This image, mighty and of exceeding brightness, stood before you, and its appearance was frightening.
The head of this image was of fine gold, its chest and arms of silver, its middle and thighs of bronze,
its legs of iron, its feet partly of iron and partly of clay.
As you looked, a stone was cut out by no human hand, and it struck the image on its feet of iron and clay, and broke them in pieces.
The old system is going down. It was built on clay.
But they are going to try to bring the whole world into it while the name "dollar" still has a brand.
Bitcoin is, at this point in time, digital gold. This is likely not it's final stop in its evolution. But It is most certainly the one we are in now.
China seems to be trying to move towards physical gold. Not sure what architecture they will pick.
Bitcoin may be being manipulated now my the people who can do that. But it is the beach ball in the pool. And they know it too. They can't keep it down forever.
head to the mountains
carolina is our home
load up the freight train
Don't get me wrong. I don't think that Bitcoin is a digital gold but for now. The latter may be more apt than forecasting all cycles lows and highs. The transition from stablecoin to digital fiat is certainly an intriguing one to follow. But I don't think it's the end of the world for the old financial system quite yet. Any such assertions regarding the default problem being worse than 2008 should be backed up by facts. Bitcoin has the potential to be manipulated over the short term. But its fixed supply and decentralization make it hard to keep the prices suppressed indefinitely. It will be a while before we can see if this cycle is coming to an end or changing.
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