Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
you know all this started when xrp was starting to blow up, then the banksters got their whore the sec..
and they tied xrp in court for years fuckin up their pricing and starting a trend of whale street whales moving in,
yea the problem the parasitic elite are having is, caucasions are slowly starting to wake up and realize they are being used as fodder,
sure they will get the nicer and bigger slice of the pie, but they dont realize they could get so much more if
they realize they are getting pimped as well, income tax, home titles they dont own, even after the house is paid for, same goes for car.
its all mindfuckery, we are all stocks bruh literally human cattle and our estates are stolen from ALL OF US..
and if they dont join the right side of the fight.. and see pass the bull shit,
they are going to be on the wrong side of the wealth transfer
some are starting to see it, many are just gonna be blind fo life bruh
and that aint my problem bruh
Hey bitcoin pushback over 20 seems like retailers are getting the message..
Retail ain't getting shit yet. It's still fantasy land for retail. Plenty of pain left. What about when they have to restart paying student loans? Now, not everyone is a dumb ass. Some people took advantage of loans, mortgages, and rents being paused.
I'm not being like grumpy ass, hating ass Manchin or Mitch when I say that. SOME folks played it smart and still are left over trying to prop shit up. Retail still has to learn man.
Look how fucked this macro picture is. CPLie just was over 9%. What could go wrong from here?
Joe Biden's henchman was on TV talking about fixing the supply chain to meet demand. Let that sink in. His idea of fighting inflation is to create more inflation. Meanwhile, the FED is CHASING inflation. Some states are giving people money man. So again, we see fighting inflation with inflationary tactics. Retail is on a porn set and don't even know it. Ain't nothing happening but fucking. It's almost as if this were a reset. This shit has the potential to shake out retail for a generation. Going so far below the prior all-time high from last cycle will mindfuck everyone.
any advice on how to play this market right now then? how far is the bottom?
Retail ain't getting shit yet. It's still fantasy land for retail. Plenty of pain left. What about when they have to restart paying student loans? Now, not everyone is a dumb ass. Some people took advantage of loans, mortgages, and rents being paused.
I'm not being like grumpy ass, hating ass Manchin or Mitch when I say that. SOME folks played it smart and still are left over trying to prop shit up. Retail still has to learn man.
Look how fucked this macro picture is. CPLie just was over 9%. What could go wrong from here?
Retail is on a porn set and don't even know it. Ain't nothing happening but fucking. It's almost as if this were a reset. This shit has the potential to shake out retail for a generation. Going so far below the prior all-time high from last cycle will mindfuck everyone.
DCA over the next 2 years. Put yourself in position for the halving May 2024.
Retail ain't getting shit yet. It's still fantasy land for retail. Plenty of pain left. What about when they have to restart paying student loans? Now, not everyone is a dumb ass. Some people took advantage of loans, mortgages, and rents being paused.
I'm not being like grumpy ass, hating ass Manchin or Mitch when I say that. SOME folks played it smart and still are left over trying to prop shit up. Retail still has to learn man.
Look how fucked this macro picture is. CPLie just was over 9%. What could go wrong from here?
Retail is on a porn set and don't even know it. Ain't nothing happening but fucking. It's almost as if this were a reset. This shit has the potential to shake out retail for a generation. Going so far below the prior all-time high from last cycle will mindfuck everyone.
its all about GETTING in position to play the game right at this point, the whole economy is being
fucked right now, war has been waged on the masses by the parasitic elite, only this time thier
methods of laundering our tax dollars into thier coffers are getting played out..
Hey if folks aint get the memo, its time to put them lambo dreams on hold, and focus
on them bills or reorganizing their portfolios.. then they need to check their mail...
Im just sayin shit is shifting.. hey some cant see it, but I can clearly as day...
I see past WHAT the media wants you to see, read between the lines and crevices
of thier bullshit, and all I see is them trying to project their fear of uncertainity
on us...and if you got and continue to get the high tech jab, then on YOUR end
their plan in working out to perfection
Im just saying have you hand in everything especially
REAL CURRENCY precious metals..
you would have to be a fool to think this generation
of banksters is going to let their dinosaur die on their watch...
it will be at LEAST two generations before crypto makes any real dent
in the real world..
But One generation for a new crop of fearless retailers to come in...
that dont give a fuck about a warren buffet or what he has to say...
FACTs...
so position yourself and your portfolio ANNNNNNND
DONT quit your day hustle yet
we STILL BEING fucked tho, RIpple got a dope favor in court, where SEC
cant hide information or someshit...
bruh based on that ALONE ripple should be up at least ten percent...
Yeah, DCA is solid. It sure as hell is the safest instead of trying to wait for more pain(I just see no other way but pain but others disagree). Could crab around here for 2-3 years. Could be 18 months. Who knows.
I think btc and eth are solid plays regardless. So 1k eth and 20k btc are 'cheap.' But yeah, still would love 500 eth and 10k btc. I'm willing to wait to see if that happens by the end of the year. Once 2023 hits, time to hedge for 2024 for sure. Imagine a BTC halving coming with a rebound from this macro bullshit. FED themselves have a UE rate in mind for 2024 but are downplaying 2023(so a fucked 2023 and rebound 2024).
2024 might align nicely.
Don't forget that the SEC picked on LBRY. They don't have the warchest Ripple does.its all about GETTING in position to play the game right at this point, the whole economy is being
fucked right now, war has been waged on the masses by the parasitic elite, only this time thier
methods of laundering our tax dollars into thier coffers are getting played out..
Hey if folks aint get the memo, its time to put them lambo dreams on hold, and focus
on them bills or reorganizing their portfolios.. then they need to check their mail...
Im just sayin shit is shifting.. hey some cant see it, but I can clearly as day...
I see past WHAT the media wants you to see, read between the lines and crevices
of thier bullshit, and all I see is them trying to project their fear of uncertainity
on us...and if you got and continue to get the high tech jab, then on YOUR end
their plan in working out to perfection
Im just saying have you hand in everything especially
REAL CURRENCY precious metals..
you would have to be a fool to think this generation
of banksters is going to let their dinosaur die on their watch...
it will be at LEAST two generations before crypto makes any real dent
in the real world..
But One generation for a new crop of fearless retailers to come in...
that dont give a fuck about a warren buffet or what he has to say...
FACTs...
so position yourself and your portfolio ANNNNNNND
DONT quit your day hustle yet
we STILL BEING fucked tho, RIpple got a dope favor in court, where SEC
cant hide information or someshit...
bruh based on that ALONE ripple should be up at least ten percent...
And I agree. Stick a hand in everything. I wanted to dabble in real estate but that shit got inflated as hell. Hopefully, it crashes too. That's another way the governments win. Folks talking that 'muh property value' shit and the only thing they get for it is increased property taxes. My house damn near doubled and that shit did me no good. If it ain't investment property, I'm losing in that deal(because all the places I would move too went up the same or more). And to think primary home is the average American's biggest asset.
Don't forget that the SEC picked on LBRY. They don't have the warchest Ripple does.
And I agree. Stick a hand in everything. I wanted to dabble in real estate but that shit got inflated as hell. Hopefully, it crashes too. That's another way the governments win. Folks talking that 'muh property value' shit and the only thing they get for it is increased property taxes. My house damn near doubled and that shit did me no good. If it ain't investment property, I'm losing in that deal(because all the places I would move too went up the same or more). And to think primary home is the average American's biggest asset.
real estate is what its really about, but be careful LOTS of fuckery goin on right now... of course...
the market is inflated because... what is it, blackstone or blackrock we talked about before..
BUYING UP EVERYTHING to protect their assets. and they are sooooo fuckin HUGE
they can afford to keep this up for a minute, the question is HOW long tho.
how long can they continue to pay for homes up to 1.3 - 1.5 more than what they are worth....
its crazy because back when this world was normal these things were easy as fuck to read..
Now with this fuckin fake ass chaos just so the stealing or our taxes and the epstein trial could be
covered up, so people wont insist on prince andrew being interrogated..
and so far its working like a charm...
What folks dont understand is, they keep promising dreams of when the world gets back to
normal..??
The world aint NEVER getting back to "normal" as we once knew it.. and it just might not be a bad thing,
but will have to wait till yo boy...Jo the crackhead son raiser biden
and his merry band of whores leave office....
We need a real leader who will bring back the stimulus and tell corporation
to go fuck themselves, put them on blast so the masses could deal with them
when they get out of line...
2500 a month from now to 2024 will get Biden in the whitehouse...
and send bitcoin well over a hundred thousand...
EASY!!
they know it, thats why they stopped it, and thats why we
should stop the ukraine from getting OUR tax dollars, crypto profits/stimulus money
its going right through ukraine into the hands of muthafuckas who are going
to brag about the billions they made in profit three months from now,
as the world is in a deficit and not ONE muthafucka ON MASS MEDIA
FOLLOWING THE MONEY
I PEEPED THE WHOLE FUCKIN GAME SIMPLY BY FOLLOWING THE MONEY..
fuck pfzier almost bankrupt before 2019
NOW they raking in billions in profits how many
democrats did they buy to enforce vaccine mandates on the population?
and why isnt anybody following the FUCKIN MONEY?
everytime corporations brag about the billions they made in profits,
especially big pharma and military industrial complex..
they really laughing in our faces...
and the masses dont even KNOW IT!!
Personally I like all of them.. throw poly in there,
they doing something big with disney
Some people swear BTC is the only safe one. I extend that shit to ETH. After that, I don't trust shit. I just think folks better off trying to get a whole BTC and 20 ETH.
I still think link is solid, but all the shit not named BTC/ETH can wait IMHO. Should be plenty of time for those during this crypto ice age.
They’re moving over to a subscription base model. They are also eliminating coinbase pro.
It’s going to be subscription-based. It was announced a few months ago.
Coinbase Pro Has Shut Down. Here’s What to Know - NerdWallet
Coinbase Pro users who haven't transitioned by Nov. 9 will have their assets moved to Coinbase's main service
Retail ain't getting shit yet. It's still fantasy land for retail. Plenty of pain left. What about when they have to restart paying student loans? Now, not everyone is a dumb ass. Some people took advantage of loans, mortgages, and rents being paused.
I'm not being like grumpy ass, hating ass Manchin or Mitch when I say that. SOME folks played it smart and still are left over trying to prop shit up. Retail still has to learn man.
Look how fucked this macro picture is. CPLie just was over 9%. What could go wrong from here?
Retail is on a porn set and don't even know it. Ain't nothing happening but fucking. It's almost as if this were a reset. This shit has the potential to shake out retail for a generation. Going so far below the prior all-time high from last cycle will mindfuck everyone.
I hope!
Like I said, I dca a few hundred a week...
But have 30k on the side if btc drops to a crazy low #, like 5k. That's 6 btc! Can actually find another 10k in the couch cushions, if it goes that low! Shit, I'd be sitting pretty, putting in 40k and hold till 1 btc=250k!!! Trading in all this dirty fiat for this asset!
The Monaco-Based Luxury Yacht Company Now Accepts Shiba Inu (SHIB) As Payment
The Monaco-Based Luxury Yacht Brokerage Company, Yachtzoo, Now Accepts Shiba Inu (SHIB) As Payment Through BitPay. The luxury Yacht Brokerage Company, Yachtzoo, is now accepting Shiba Inu (SHIB) along with 12 other major cryptocurrencies as payment in partnership with BitPay. Shiba Inu...
thecryptobasic.com
Dear Valued Customer,
On July 5, 2022 (the "Petition Date"), Voyager Digital Holdings, Inc. and two affiliated debtors (collectively, the "Debtors") filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code. The Debtors' cases are jointly administered under Case No. 22-10943 before the Honorable Michael E. Wiles in the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court").
Below please find hyperlinks to important documents related to the bankruptcy proceedings of Voyager Digital Holdings, Inc., et al., Case No. 22-10943 (MEW):
Please click HERE for additional information about this Notice and what it means for you.
Additional information about the cases may be obtained by visiting https://cases.stretto.com/Voyager, calling 855.473.8665 (Toll-Free) or 949.271.6507 (International), or emailing us at VoyagerInquiries@stretto.com. To subscribe to future case notifications, including court filings and upcoming dates, please visit https://cases.stretto.com/Voyager/court-docket-subscription/.
Thank you,
The Stretto Team
On July 5, 2022 (the "Petition Date"), Voyager Digital Holdings, Inc. and two affiliated debtors (collectively, the "Debtors") filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code. The Debtors' cases are jointly administered under Case No. 22-10943 before the Honorable Michael E. Wiles in the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court").
Below please find hyperlinks to important documents related to the bankruptcy proceedings of Voyager Digital Holdings, Inc., et al., Case No. 22-10943 (MEW):
Please click HERE for additional information about this Notice and what it means for you.
Additional information about the cases may be obtained by visiting https://cases.stretto.com/Voyager, calling 855.473.8665 (Toll-Free) or 949.271.6507 (International), or emailing us at VoyagerInquiries@stretto.com. To subscribe to future case notifications, including court filings and upcoming dates, please visit https://cases.stretto.com/Voyager/court-docket-subscription/.
Thank you,
The Stretto Team
Why no one should have a 0% allocation to #bitcoin
A THREAD about risk, retail investors, and the allegedly enduring economic truths that may not endure much longer
Many retail investors and familiar with the known, oft-discussed risks to portfolios. If you’re a personal finance enthusiast/devotee and/or you spend time in the personal finance space, you’re probably pretty familiar with some of the more salient ones.
E.g. sequence of return risk, volatility risk, inflation, the risk of rising (and/or unforeseen) healthcare costs, and the risk of outliving your money.
Most retail investors approach these risks through a mean-reversion heuristic, which is generally backward-looking. I.e. it’s common to take a look at past returns, particularly recent past returns (e.g, last decade or last 40 years) and project into the future.
Underperformance relative to this general trend is presumed to be temporary and reversion to the this general trend (i.e. to the mean) is typically expected.
This mean-reversion heuristic relies on a narrow set of data points, nearly all of which sit downstream of more important, foundational data points that, in contrast, tend to attract considerably less focus. This creates issues (unforeseen risks, "fighting the last war," etc).
I think the biggest, most under-discussed risk to all investors right now, esp. retail investors is paradigm shift risk. The effects of these shifts are not temporary divergences from trend, but rather seismic, historic transformations of trends themselves.
Re: the present day and the context of investing, we’re now situated astride multiple fault lines, edges of several tectonic paradigms brushing up against each other, creating tension and energy, coiling to slip and reshape the very surface of our world.
In economics, finance, geopolitics, and technology, old paradigms are starting to give way to new ones.
W/r/t economics, we are reaching the end of multiple cycles and trends. The most obvious progression is that of @RayDalio's long-term debt cycle model.
We can also think about it in post-Bretton Woods terms, which is to say the last 80 years of the $ as the reserve currency, or the last 40 years of globalization and disinflation, spurred by opening up new labor markets and economies in other parts of the world.
Now we’re looking at the countervailing trends of de-globalization, inflation, supply chain dislocations, and energy shortages. We’ve been printing $ at an accelerating rate and running up the debt, which has created a sovereign debt bubble (h/t @LukeGromen).
Unlike a stock bubble or a housing bubble, this one cannot be deferred or absorbed by a higher tier of the financial system. There are now almost no credible scenarios in which either of these currents will ebb or be curtailed for any sustained period without massive pain
Since massive pain is politically untenable, we can expect the less painful option to prevail: more printing, more debt, and more debasement of the currency.
With respect to finance, particularly personal finance, the 60/40 portfolio looks pretty shaky, the 40-year bull market in bonds is in question, and CPI is hitting levels unseen in half a century.
Sacred cows of the personal finance space that have been effective w/i the existing paradigm (think 4% rule, indiscriminate index-fund buying) will likely face pressure during and through a fundamental change in this paradigm.
Many heroes and progenitors of personal finance like Warren Buffett and Jack Bogle spent the majority of their own investing lives within the existing paradigm.
Given the stock market’s rise in the years since WW2, we can conclude that, regardless of whether Buffett was personally investing through that paradigm shift, his investing principles would have worked swimmingly. However, this is the wrong analog.
The U.S. came out of WW2 the undisputed global hegemon. Europe had just blown itself up and destroyed its financial position to wage war. In other words, the U.S. was an ascendent power and the ultimate winner of the last big shift. And this brings me to my next point.
With respect to geopolitics, we’re in a precarious moment. Unlike WW2, the U.S. is no longer an ascending power. We are a descending power. The world is devolving from a unipolar world, in which the U.S. exerts unquestioned dominance, to a multipolar world.
The U.S. now is more closely analogous to England prior to WW2 than it is to itself during the same period. Which is why saying well, Buffett’s principles would’ve worked through WW2 so they would probably work through any similarly seismic paradigm shift, is inapposite.
The more accurate analog would be to an investor in England pre-WW2, which should underscore the difficulty of stewarding oneself and one’s wealth through such a transformative period.
For the record, I am not predicting a world war.
But it’s inarguable that the monetary response to COVID-19 resembled wartime finance. Moreover, there is of course the Russia/Ukraine conflict, which remains unsettled and introduces a number of variables and uncertainties, all of which have massive geopolitical implications.
This progression from a unipolar world to a multipolar world also has implications with regard to reserve currencies and reserve assets, which is to say the global monetary order.
The monetary Rubicon was prob crossed with freezing of Russian reserves earlier this yr. After all, if a nation’s foreign reserves can be rendered not-money by countries w/ whom it falls out of favor, might nations rethink the types of assets they want to hold in their reserves?
Re: technology, #Bitcoin is an innovation on the scale of the internet or the printing press, both of which indelibly altered the world.
While the internet and the printing press both decentralized information/communication and sparked Cambrian explosions of ideas and applications, #Bitcoin is a technological advance of money itself.
So we are at a pivotal point in history. We’re entering a liminal, transitional state between big paradigms, which could last several years and possibly a decade. It will be volatile throughout, as the world deconstructs and rearranges itself.
The risk is mistaking this volatility as mere volatility and not the rumblings or symptoms of meaningful structural transformation.
We’ve been lulled into a false sense of security and a precariously grounded faith in the idea that this time is never different.
Sometimes it actually is different. And, historically, the conclusion of long-term debt cycles have been the times when things have been different.
The big, obvious question is how do we, as ppl trying to preserve value and wealth over time/space, approach a momentous paradigm shift. It’s difficult to predict or imagine precisely how a new global economic order will reconstitute itself on the other side a big paradigm shift.
And it remains, of course, a possibility that we are not, in fact, on the cusp of such a shift. But more signposts, harbingers, and developments emerge every day (and every year) that evince a directional trend.
In this environment, there are a litany of reasons and ways in which #Bitcoin is useful. Moreover, prognosticating into the future, there are a number of ways in which Bitcoin can play a vital role in reshaping any emergent new order.
With respect to the former, many of the trends we’ve discussed are inflationary (though they will likely also cause episodic deflationary swoons). Fiat currencies will thus continue to bleed purchasing power.
Moreover, geopolitical developments, particularly the continuing evolution from a unipolar, U.S.-dominated world to a multi-polar world competing for spheres of influence, continue to make the idea of a neutral reserve asset increasingly relevant.
From a human rights perspective, many across the world are awakening to Bitcoin as a way to protect and grow wealth under double-digit inflation and/or authoritarian regimes.
As Bob Dylan said, “you don’t need a weather man to know which way the wind blows.” Which is to say, directionally we know where we’re going, even though we might not know what the final destination looks like.
And this is why no one should have a 0% allocation to #Bitcoin. If you think there is a greater than 0% probability that we are in a transitional period of major paradigm shifts, then you should have a greater-than-0% allocation to the asset most directionally aligned with them.
Successful investing, as Benjamin Graham said, is about managing risk and not avoiding it. Too many investors are avoiding paradigm shift risk and are very long on the the structural status quo, building proverbial Maginot lines in their portfolios.
I write about all this and more in the latest issue of my weekly newsletter about #Bitcoin. Check it out
Think Bitcoin™ Issue #37Paradigm shift risk (why no one should have a 0% Bitcoin allocation); the fairness of Bitcoin's origin; Bitcoin is good for the environment; the real definition of inflationhttps://thinkbitcoin.substack.com/p/think-bitcoin-issue-37
I also share great work by @resistancemoney, @level39, @La__Cuen, @DzambhalaHODL, and @mary_imasuen.
Gm #Bitcoin fam and thanks for inspiring me every day!
Disclaimer: not investing advice. Just my long-form thoughts and opinions.
In economics, finance, geopolitics, and technology, old paradigms are starting to give way to new ones.
W/r/t economics, we are reaching the end of multiple cycles and trends. The most obvious progression is that of @RayDalio's long-term debt cycle model.
We can also think about it in post-Bretton Woods terms, which is to say the last 80 years of the $ as the reserve currency, or the last 40 years of globalization and disinflation, spurred by opening up new labor markets and economies in other parts of the world.
Now we’re looking at the countervailing trends of de-globalization, inflation, supply chain dislocations, and energy shortages. We’ve been printing $ at an accelerating rate and running up the debt, which has created a sovereign debt bubble (h/t @LukeGromen).
Unlike a stock bubble or a housing bubble, this one cannot be deferred or absorbed by a higher tier of the financial system. There are now almost no credible scenarios in which either of these currents will ebb or be curtailed for any sustained period without massive pain
Since massive pain is politically untenable, we can expect the less painful option to prevail: more printing, more debt, and more debasement of the currency.
With respect to finance, particularly personal finance, the 60/40 portfolio looks pretty shaky, the 40-year bull market in bonds is in question, and CPI is hitting levels unseen in half a century.
Sacred cows of the personal finance space that have been effective w/i the existing paradigm (think 4% rule, indiscriminate index-fund buying) will likely face pressure during and through a fundamental change in this paradigm.
Many heroes and progenitors of personal finance like Warren Buffett and Jack Bogle spent the majority of their own investing lives within the existing paradigm.
Given the stock market’s rise in the years since WW2, we can conclude that, regardless of whether Buffett was personally investing through that paradigm shift, his investing principles would have worked swimmingly. However, this is the wrong analog.
The U.S. came out of WW2 the undisputed global hegemon. Europe had just blown itself up and destroyed its financial position to wage war. In other words, the U.S. was an ascendent power and the ultimate winner of the last big shift. And this brings me to my next point.
With respect to geopolitics, we’re in a precarious moment. Unlike WW2, the U.S. is no longer an ascending power. We are a descending power. The world is devolving from a unipolar world, in which the U.S. exerts unquestioned dominance, to a multipolar world.
The U.S. now is more closely analogous to England prior to WW2 than it is to itself during the same period. Which is why saying well, Buffett’s principles would’ve worked through WW2 so they would probably work through any similarly seismic paradigm shift, is inapposite.
The more accurate analog would be to an investor in England pre-WW2, which should underscore the difficulty of stewarding oneself and one’s wealth through such a transformative period.
For the record, I am not predicting a world war.
But it’s inarguable that the monetary response to COVID-19 resembled wartime finance. Moreover, there is of course the Russia/Ukraine conflict, which remains unsettled and introduces a number of variables and uncertainties, all of which have massive geopolitical implications.
This progression from a unipolar world to a multipolar world also has implications with regard to reserve currencies and reserve assets, which is to say the global monetary order.
The monetary Rubicon was prob crossed with freezing of Russian reserves earlier this yr. After all, if a nation’s foreign reserves can be rendered not-money by countries w/ whom it falls out of favor, might nations rethink the types of assets they want to hold in their reserves?
Re: technology, #Bitcoin is an innovation on the scale of the internet or the printing press, both of which indelibly altered the world.
While the internet and the printing press both decentralized information/communication and sparked Cambrian explosions of ideas and applications, #Bitcoin is a technological advance of money itself.
So we are at a pivotal point in history. We’re entering a liminal, transitional state between big paradigms, which could last several years and possibly a decade. It will be volatile throughout, as the world deconstructs and rearranges itself.
The risk is mistaking this volatility as mere volatility and not the rumblings or symptoms of meaningful structural transformation.
We’ve been lulled into a false sense of security and a precariously grounded faith in the idea that this time is never different.
Sometimes it actually is different. And, historically, the conclusion of long-term debt cycles have been the times when things have been different.
The big, obvious question is how do we, as ppl trying to preserve value and wealth over time/space, approach a momentous paradigm shift. It’s difficult to predict or imagine precisely how a new global economic order will reconstitute itself on the other side a big paradigm shift.
And it remains, of course, a possibility that we are not, in fact, on the cusp of such a shift. But more signposts, harbingers, and developments emerge every day (and every year) that evince a directional trend.
In this environment, there are a litany of reasons and ways in which #Bitcoin is useful. Moreover, prognosticating into the future, there are a number of ways in which Bitcoin can play a vital role in reshaping any emergent new order.
With respect to the former, many of the trends we’ve discussed are inflationary (though they will likely also cause episodic deflationary swoons). Fiat currencies will thus continue to bleed purchasing power.
Moreover, geopolitical developments, particularly the continuing evolution from a unipolar, U.S.-dominated world to a multi-polar world competing for spheres of influence, continue to make the idea of a neutral reserve asset increasingly relevant.
From a human rights perspective, many across the world are awakening to Bitcoin as a way to protect and grow wealth under double-digit inflation and/or authoritarian regimes.
As Bob Dylan said, “you don’t need a weather man to know which way the wind blows.” Which is to say, directionally we know where we’re going, even though we might not know what the final destination looks like.
And this is why no one should have a 0% allocation to #Bitcoin. If you think there is a greater than 0% probability that we are in a transitional period of major paradigm shifts, then you should have a greater-than-0% allocation to the asset most directionally aligned with them.
Successful investing, as Benjamin Graham said, is about managing risk and not avoiding it. Too many investors are avoiding paradigm shift risk and are very long on the the structural status quo, building proverbial Maginot lines in their portfolios.
I write about all this and more in the latest issue of my weekly newsletter about #Bitcoin. Check it out
Think Bitcoin™ Issue #37Paradigm shift risk (why no one should have a 0% Bitcoin allocation); the fairness of Bitcoin's origin; Bitcoin is good for the environment; the real definition of inflationhttps://thinkbitcoin.substack.com/p/think-bitcoin-issue-37
I also share great work by @resistancemoney, @level39, @La__Cuen, @DzambhalaHODL, and @mary_imasuen.
Gm #Bitcoin fam and thanks for inspiring me every day!
Disclaimer: not investing advice. Just my long-form thoughts and opinions.
These MFs are taking the money and running
Left Coinbase a long time ago before the last time they started not letting people withdraw from their account. Something coming down the pipe soon check your crypto investment everyone.
Coinbase jumps 14% after saying it has no exposure to bankrupt crypto firms
Coinbase said in a blog post that it had "no financing exposure" to collapsed crypto firms Celsius, Three Arrows Capital and Voyager Digital.www.cnbc.com
Reminder, buy $AXPR
They are rebranding to Moola
Token still well under a penny
Look for at least 30x gains
App launches 9/22
www.trymoola.com
They are rebranding to Moola
Token still well under a penny
Look for at least 30x gains
App launches 9/22
Moola - Your Portal to The New Financial Frontier
www.trymoola.com
Is AXPR going away for a new token or is it turning into moo?Reminder, buy $AXPR
They are rebranding to Moola
Token still well under a penny
Look for at least 30x gains
App launches 9/22
Moola - Your Portal to The New Financial Frontier
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