Spot on. I cant put my finger on exactly what existing nic he is,but he is one of the usual suspects. If someone appears under the name 'sickovitalitysmoothie' we'll know hes back. His only redeeming feature,I guess,is staying on topic and not just following other posters around like a couple of other no trade trolls.
Most people's income are not keeping up with inflation Store of value is the most important feature of money. It's how we save our hard work, our production value Gold has been money for thousands of years but we have not used it for medium of exchange in hundreds of years. Even now, gold is money and a store of value Most people store their value, their savings in their money-proxies, the stock market, s&p 500, their house, in arts, cars When they wish to spend it, they either borrow/heloc, or sell the money-proxy and this is where bitcoin shines as you can sell $100 worth or $10,000 worth of bitcoin, where as you cannot sell the toilet in the house for some spending cash and also the amount of time to get access to the spending money and the frictions costs, escrow, title, agents, stock market only trades during market hours... I have a few thousand dollars in physical US $ paper bills, but I cannot use them to buy anything. I use them as store of value, it's been a better store of value than the local currency Bitcoin is a global monetary asset and a global currency, as I am unable to spend US $ bills locally for goods and services, I am able to spend bitcoin in some places that accept it, but I choose not to spend bitcoin The majority of my family's net worth value is stored in bitcoin. Our choice of life savings account It will become clear as bitcoin gets adopted more and more and as fiat conversion rate of bitcoin goes higher and higher PS, and there is no holding period required, when bitcoin goes to $100k/btc before eoy, can exchange for fiat immediately 24/7 or when it's $1M/btc within 6 years, same same
unfortunately, I know way too many people families and friends that cannot be part of the most, not enough income to store any value in assets or stocks and do not own real estate i.e. renters Their income is not keeping up with inflation and leftovers from income to money-proxies do not equate to the fact that the income from work did not increase with the massive inflation rate especially of the past 10 years I took out the true true from the beginning, conflation of income and savings,
Not if we do another correction....and for that not to happen this needs to move past 70k and rally to ath's on this leg, or back to low 50's. It lingers up at these levels 2-3 days max.
Looking good, this just might be the breakout we've been waiting for. Hopefully it's not a bull trap For once I agree with you. I don't know if this is a bull trap or not because rumor has it that Elon Musk is about to sell some of the Tesla Bitcoins. This level of 68-70K is going to be a tough level. Maybe he might sell at these levels so we go back down again.
I'm starting to finally get seriously worried here. When ever the last perma-bear finally hands in the towel and goes hiding under a rock-- That's usually the proven indicator that the top is in, or just around the corner...
Way too much optimism right now. Not to mention all the technicals pointing to this as a top... If this dropped down to 48k over the next 6 months, it would deplete all hopium...and the big boy ETFs can finish loading up. I've posted from chain exposed that there's only 16% supply that is losing money right now and typically all of the major rallies happen when it's more 40/60. When this rally started in Oct we were at 37/62..but it really petered out.