most people are stuck in a programmed life. where hard work, saving, and waiting for retirement is called freedom. But real freedom is stepping outside, those invisible walls
Saving is not the problem, debt is. Other than that, I agree.
Turn on (open your mind), tune in (see what's really happening), drop out (stop participating in the bullshit).
Timothy Leary knew. Smartest brain of the 20th century.
That made me Smi²le. Meanwhile praise Bob and hodl.
If we go by an annual inflation rate of 10% that Saylor always talks about, we are only 9% above last cycle's (2021) ATH...
That means nothing has actually happened yet...
And if you see how much the dollar already devalued less than nothing has happened. Yet somehow the hype is incredible loud and the backdoor trades are staggering without much price action. Stunning
You guys seem mad that the price is at $115K. All I could say to this is that we are definitely not the same… Bitcoin has outperformed literally everything. Nothing in the world has kept up to its valuation. Everything priced in Bitcoin looks like it is crashing hard. This is the result of Bitcoin’s price discovery mostly and if you aren’t happy with Bitcoin’s performance you literally won’t be happy with anything.
I am happy enough. But when lambo? Or when pay off real estate? I mean if bitcoin keeps outperformig everything the correct answer is: Never!
"People that store value in fiat currency - we have a name for them - we call them poor" M.S.
If we go by an annual inflation rate of 10% that Saylor always talks about, we are only 9% above last cycle's (2021) ATH...
That means nothing has actually happened yet...
And if you see how much the dollar already devalued less than nothing has happened. Yet somehow the hype is incredible loud and the backdoor trades are staggering without much price action. Stunning
..."for years before 2018 estimates [of percentages held by Americans] relied on....search trends, bitcoin forum participation..."
...including, I assume, public guesstimates of BCT member stashes.
Seriously, though, I think that this almost 50 mil number is VASTLY overestimated if IBIT/FBTC/MSTR is not counted.
Besides - what is the meaning of gold ownership? Wedding rings and earrings and necklaces don't count? I mean if you had a wedding rings worth of bitcoin you would certainly qualify as a bitcoin owner.
Call it a dump - someone bought and got their order filled at size.
Imagine you just turned a billionaire "on paper" and realized that there are many more people hodling 20k and imagined himself in a prisoner dilemma. Imagine you wake up and feel the urge to diversify billions. Interesting thought experiment. How many chairs are you sitting on?
The price is at $108K and everyone is just acting like this is normal. How high will we have to go before we start seeing crazy fomo? Is that a thing of the past? It seems like everyone has just accepted that Bitcoin is going very high and they can’t afford one. Unit bias really has been Bitcoin’s biggest enemy for adoption.
In last half year Dollar has lost 14% against the Euro. In Euro we are below the new year value. So ... Like ... You know... The rally and bull ISH marker is kinda sideways with a bit down in the other market. I am saying we have seen nothing YET. So you I request that you do not get euphoric yet. There is much upside to be had to break even in terms of buying power.