Posted on 03/01/2024 12:11:36 PM PST by Jumper
I was asked a lot of questions by people on FR about what BTC is or ways to learn more about it. I have provided the Source URL above for such a video.
Michael Sailor gave slide briefing that essentially started out covering the tope of Money over the past and into the future. Fiat Currencies of the US have depriciated by 7% per year for the past 100 years. 100 years from now a million dollars in a safe will have a purchasing power of only $977, if you put it in the S&P 500, it would still be worth a million. In any single trading year there is only 24-hours where all profits are made. You cannot time the market. You must choose the best in every class to win. The winners take all. If you are interested in what Michael Sailor said then google it on youtube and listen to him.
Go to the video and pull up the transcript - read it. If you are more curious look at the TIMESTAMPS below and jump into the video at the time of interest to yourselves:
0:00 Introduction
1:38 New Bitcoin Only Playlist
1:49 New Record - Over 100K Views in 24 Hours
2:03 βΏπ₯πππππ‘π: Halving Closing In
2:09 βΏπ₯πππππ‘π: New Record Mthly Candle
2:27 βΏπ₯πππππ‘π: 4th BEST MONTH EVER
3:12 βΏπ₯πππππ‘π: First RED DOT Day This Cycle
3:41 βΏπ₯πππππ‘π: S2F Red Dot - Will Get Back to This
3:58 βΏπ₯πππππ‘π: OTC Cupboard is Bare
4:32 βΏπ₯πππππ‘π: Parabolic Times???
4:56 OCC: βΏitcoin Pumps after Exchange Drain
6:43 βΏπ₯πππππ‘π: Coinbase Sees Massive $1BN Drain
7:22 βΏπ₯πππππ‘π: Finkster Breaks Records
7:58 βΏπ₯πππππ‘π: 10BN + 161K BTC
8:48 Fastest Ever to $10 BN - $20BN Tgt Even FASTER
10:05 Witnessing Flippening of GOLD
11:06 βΏπ₯πππππ‘π: JVS Sums It Up
12:12 Joe Burnett - βGetting Out of Control - Quicklyβ
14:02 Red Dot S2F Step Change
16:22 New Modelingβ¦. Historic vs Today
17:45 New Modelingβ¦. Historic vs Today RESULT 18:17 βΏπ₯πππππ‘π: Samson Mow Believes $1M in 2024
18:42 βΏπ₯πππππ‘π: Vanguarded CEO Shown the Door! 19:41 βΏπ₯πππππ‘π: Mr 100 Still Buying
20:23 βΏπ₯πππππ‘π: Gensler Breaks the LAW AGAIN
21:16 βΏπ₯πππππ‘π: Transactional Freedom - RFK
21:48 Day 34 Raw Numbers
22:05 ETF Macro Update
22:53 ETF Best Money Flow Day from 34!
23:02 Total Money Flow Up and to the Right
23:13 Inflows into new 9 Double GBTC Outflow
24:00 338,700 Bitcoin in NEW ETFs
24:07 New Visual: Net Per Day + Cumulative
24:25 Bitcoin Chart Time
24:30 Best Chart Ever
25:06 βΏπ₯πππππ‘π: Rules of LIFE!!!! RULES MATTER Chapters
Oh, that's easy. "Bitcoins" are Tulips.
Someone is going to make a killing selling and then buying when the price drops and then selling etc etc etc ,LOL
You can thank me for the Bitcoin rise. I sold off my vast fortune of $22 and it immediately went up.
I was always dubious of crypto to begin with.....after sam bankman-fried personally, I wouldn’t get witha mile of it.
Much like gambling, I can piss my own money away just fine......I don’t need any help.
Call for Mr Ponzi.
Jackson: In Vanguardβs view, crypto is more of a speculation than an investment. This is at the root of our decision to not offer crypto products, whether our own or others. With equities, you own a share of a company that produces goods or services, and many also pay dividends. With bonds, you get a stream of interest payments. Commodities are real assets that meet consumption needs, have inflation-hedging properties, and can play a role in certain portfolios. While crypto has been classified as a commodity, itβs an immature asset class that has little history, no inherent economic value, no cash flow, and can create havoc within a portfolio.
Yup. The whole thing is a pyramid scheme and some people are so wrapped up in the "get rich quick" mentality that they just can't see it for what it really is.
“In any single trading year there is only 24-hours where all profits are made.”
Most days are profit days.
“You must choose the best in every class to win”
You only have to avoid the losers to win.
Today, it’s worth 105,538 Tulips (@ $0.60 per stem.). LOL
:)
If I had 100 of them right now, I would sell about 30 of them, buy gold, because unlike bitcoin gold is real. Bitcoin, like any type of fiat currency is only worth what the perception is about them. In other words, they could become worthless overnight at any time. Gold will not do that.
I see it just as they explained it.
Thanks for that.
Agree totally. The fact that so many are pushing it tells me that.
They’re replacing a Vanguard CEO who rejected Bitcoin.
Bitcoins ARE tulips, except tulips are a better bet and are much prettier.
And you can explain a tulip.
Nobody can explain a Bitcoin.
βIf you wish to examine a granfalloon,
just remove the skin of a toy balloon,β
Kurt VonneguT
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