Did we have an 8/1 split in there, somewhere? NFTs! You know how many nicks disappeared after I raked those dudes over the coals in those NFT threads? Show of hands of the bagholders with their worthless NFTs. End of story.
Explain to me how the whole system will work when there aren't $2T deficits. Government can't afford the interest expense, and the only reason the economy hasn't imploded is because of the grotesque government spending. But sure, you keep thinking that USD can survive in its current form.
What's ironic is that I had the largest BTC stash of anyone on here and I couldn't give AF. You guys are letting the finite-supply cloud your judgment.
The deficit isn't the problem, nominal Rates are. But clearly you are the only one to connect crypto to our deficit/debt. Shhhh!
You're an idiot. All you can say is bitcoin won't work, but when the market are clearly falling apart from a minor interest rate rise by Japan, you can't offer any solution. I keep asking what will happen when the US doesn't spend $2T extra every year that it doesn't have, and nobody can tell me. But then you keep telling me that Bitcoin won't work. So you tell me what happens when Debt goes to 40T, then 45T. Will they drop rates back to zero and blow out inflation? Or will they keep rates where they are and have to print even more? And who will be buying this debt exactly?
You should be smart enough to realize how this one simple change to the monetary system has profound implications. Finite supply is a wonder feature. Imagine if the government could only spend what it collects in taxes. You tell me how drastically different the world will look.
lol spicy. If you would apply your intellect to something other than HODLing you'd time your longs to movement in FX/forwards.
Sadly, everything you talk about when it comes to trading is way above my level. But its interesting to learn right now the whole system seems contingent on what Japan is doing. Crazy to think that all the leverage is equities is simply because of the carry trade.
$1M per bitcoin within 7 years is a high probability event, imho... but it will not be the end. That is actually more important than any price target... as it allows anyone in the world to store value that cannot be debased a very difficult concept to grasp.... Bitcoin is the hardest money in the history of human civilization Anyone who has the means to own 10 bitcoin today and is not doing so is betting against what I'm saying above with 100% certainty... No one has to convert everything they own to bitcoin, but owning 0 bitcoin for the next 7 years... or next 10-20 years... that is not a wise bet, imho