Fuck Shinobi!
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Fuck Shinobi!
This market cycle volume is double last cycle. But yeah og whales have a much lower funding rate. BlackRock can’t stop buying or everyone will sell their ETF positions. Sure wish I was a computer programmer working in Silicon Valley in 1985 instead of not even being born. I would be wealthy by now. Once miners start dumping coins to buy new equipment we will see much larger moves down. Not to mention when fox and friends starts talking about CSAM in OP_Returns. There is nothing bullish about child porn on bitcoin. Rinse and repeat.
I was promised a Tesla roadster with a rocket engine! Where is my roadster!?!
What I realized the other day is there is a five year window of buyers whose cost basis was .00036$ to 200$ from 2009 to 2013. Compared to the institutional buyers moving markets today, Their cost basis was extremely small and they control a majority of supply. I still think the four year cycle is valid, And we are due for a major correction, Maybe after one more all time high, But people like the Winklevoss twins were in way before BlackRock and these are the kind of people who determine the tops and bottoms.
Always talk to people you disagree with. If you are right, You win, If you are wrong you sharpen your own ideas in the process.
The more research I do the more I realize king Herod was a pretty bad ass important political figure.
While I agree, The state funding itself with the corruption it outlaws is the problem, The reality is that FIAT currency will exist as long as there are nation states, And the incorporation of stablecoins in federal protocol as a bridge to bitcoin gives me some shimmer of hope that people will be able to buy bitcoin with universal basic income. I have this lurking feeling that the Fed, (Or Jerome Powell specifically) understands that adopting bitcoin as a treasury asset would grow the wealth divide exponentially. The current generation of kids being raised by iPads would be disenfranchised immediately. These are the people who will live out the suggested realities in the movie idiocracy. Of the 8 billion people in the world it is in the millions of people who understand bitcoin, And of that it is the original whales from the satoshi era that really have any power in the world of bitcoin. Even BlackRock or Michael Saylor are subject to them. BlackRock needs to balance its debt with its assets, So effectively it has only the bitcoin held privately, Not the bitcoin in its etf. The funding rate for the satoshi era whales was zero, Because they didn’t borrow 600,000 bitcoin worth of FIAT, They got free coins on the bitcoin fountain. All that being said, The average person 40 and up, Computer illiterate, And working is the one loosing this trade. BlackRock will survive, But not win, Plebs will survive, But have no power, Bitcoin influencers will talk, But have no power. Nation States are just figuring out how to enhance their debt based models with pristine bitcoin collateral. The idea of borrowing against my perfect money with absolutely appreciating value over more than 4 years is inconceivable. I would rather work for debt based depreciating money than borrow it and effectively own nothing. If the government gave me money at the cost basis it is created at (0) and I could use it to buy bitcoin via stablecoins I think it would be a fine relationship. Let them have their taxes, I will keep my assets and go around the whole system unbothered.
Literally pissing it away.
I make stuff about quantum physics