February 16, 20232 yr Author On 1/21/2023 at 9:34 AM, we_gotta_believe said: Anyone catch Maher's monologue where he talks about the collapse of Bitcoin? Somehow his writers must've missed the fact that it's already back up to pre-FTX levels. The show's break wasn't even long enough to take advantage of him properly dunking on crypto. Now it's above the beginning of the contagion effects from the Terra Luna collapse, and everyone's favorite country, China, now is allowing Hong Kong to invest in all of crypto. Up over 50% from when you all asked how I'm doing and told you that I'm buying more. Wonder if the plebs had the conviction to buy when everything went to hell. Probably not, guess I'm just getting lucky again.
March 17, 20232 yr Interesting that BTC is pumping during banking uncertainty. Good sign for the bulls. We’ll see if that lasts when there are bigger problems, but acting as a risk off asset is distinctly different from where it was 3 years ago.
March 18, 20232 yr Author 1 hour ago, TEW said: Interesting that BTC is pumping during banking uncertainty. Good sign for the bulls. We’ll see if that lasts when there are bigger problems, but acting as a risk off asset is distinctly different from where it was 3 years ago. As Arthur wrote in the above article; spend fiat, save in Bitcoin I think people have had it with the printing of money so saving a small fraction in Bitcoin is going to really start to take place 30 million accounts
March 18, 20232 yr 13 hours ago, mattmcginley7 said: As Arthur wrote in the above article; spend fiat, save in Bitcoin I think people have had it with the printing of money so saving a small fraction in Bitcoin is going to really start to take place 30 million accounts I mean, short term, this seems like a bull trap… almost a 40% pump in a week with banking problems would have me selling as a trader, but it’s an interesting change for sure.
March 19, 20232 yr Author 8 hours ago, TEW said: I mean, short term, this seems like a bull trap… almost a 40% pump in a week with banking problems would have me selling as a trader, but it’s an interesting change for sure. Banking problems are exactly why it's pumping
March 19, 20232 yr 12 hours ago, mattmcginley7 said: Banking problems are exactly why it's pumping For now… it would definitely be good for BTC if that continued, but if this turned into a major banking crisis I have my doubts that it wouldn’t plummet.
March 19, 20232 yr Author 2 hours ago, TEW said: For now… it would definitely be good for BTC if that continued, but if this turned into a major banking crisis I have my doubts that it wouldn’t plummet. Balaji has made a $2 million public bet that price of 1 BTC is $1,000,000 within the next 90 days because of this reason He claims the world will finally redenominate Bitcoin as digital gold and countries will be forced to adopt it because it's the only place that will exist that your money is yours I have believed ever since I bought Bitcoin that it would end up as the world reserve currency, but I think everyone has to be dumb and lose money longer to finally reach that conclusion I do agree with him though that whenever the day comes that the world decides this is their new gold, the chart history of Bitcoin is rendered completely meaningless and it basically is a straight line up Maybe short term, this is the moment of FOMO and this narrative being popular.. But if I owned no Bitcoin at all and understood this possibility existed, I would be extremely nervous not owning any.
June 6, 20232 yr Boht binance and coinbase getting targeted by the SEC. Hopefully this ultimately results is a proper regulatory framework for exchanges to operate within instead of the vague patchwork of rules/regs they've had to navigate thus far.
June 7, 20232 yr Author This can't be the same SEC that let Coinbase go public with those same exact tokens they're now calling securities, can it? I own none of those tokens that they listed. And I think this is a Fing embarrassment. Crypto needs its own regulatory framework that Brian Armstrong and company have been asking for years about. Why hasn't that occured? Gary Gensler and the SEC do not protect investors. They protect and collude with the government on their own self interests at the expense of investors.
June 9, 20232 yr On 3/19/2023 at 1:36 PM, mattmcginley7 said: Balaji has made a $2 million public bet that price of 1 BTC is $1,000,000 within the next 90 days because of this reason He claims the world will finally redenominate Bitcoin as digital gold and countries will be forced to adopt it because it's the only place that will exist that your money is yours I have believed ever since I bought Bitcoin that it would end up as the world reserve currency, but I think everyone has to be dumb and lose money longer to finally reach that conclusion I do agree with him though that whenever the day comes that the world decides this is their new gold, the chart history of Bitcoin is rendered completely meaningless and it basically is a straight line up Maybe short term, this is the moment of FOMO and this narrative being popular.. But if I owned no Bitcoin at all and understood this possibility existed, I would be extremely nervous not owning any. So we're down to 8 days for this guy's bet to pull through? Not looking good.
June 9, 20232 yr Author 31 minutes ago, Kz! said: So we're down to 8 days for this guy's bet to pull through? Not looking good. Yeah, he already paid out the bet last month and the timeline was way too aggressive. But I agree with the sentiment that a day will come where everyone agrees Bitcoin is a better version of gold and countries all around the world will simultaneously adopt it and the price will 5-10x almost immediately
June 29, 20232 yr Author Lots of Bitcoiners believe the worldwide adoption of BTC is so strongly altruistically aligned that it trumps all other important issues Money is half of every transaction, and BTC as the global reserve currency and what the world decides to hold and trade in would actually really put a major dent into a government's ability to act maliciously with manipulating their own currency to fund wars, pay themselves, monitize their debt, debase their own citizens, and bailout crap. However, I think this all takes a lot of time to play out. The Bitcoin network isn't ready to handle that yet, so I don't think electing a pro Bitcoin president results in this scenario any time soon. I don't think it matters whether our president is pro Bitcoin at this point. Its adoption is coming regardless
July 9, 20232 yr Author This is a very interesting idea. Not sure whether it will be BTC, but it will almost certainly be a blockchain based permissionless cryptocurrency Open source LLMs I could see this. Maybe for closed source models but not entirely certain $500k has always been my long term realistic target because it matched Gold's market cap at the time. But if it actually caught on as AI's monetary preference, it's gonna absorb up the entire impending AI expansion as well
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