FreeYoda's avatar
FreeYoda
npub1fp68...fr2h
Freedom, Bitcoin, finance, Government, taxes, I DON'T WANT TO BE ZAPPED !
I see very few people wanting to talk about it. But if this, $ 120k, was the new #Bitcoin 4 year cycle high, it was a lousy run. Just ~double of the last ath of $ 60k in 2021... Perhaps not bad compared to most out there, but still on the lowest side of the bandwidth I had in mind... Nevertheless I don't think any of my or any other model will hold when the fiat system wil start to implode. Just the basic numbers: Derivatives market is now $600 Trillion. This is ten times up from the number it was in 2008 financial crisis then it was $ 60 Trillion. So not only was nothing learned or fixed, things got TEN times worse.... The system can't afford a new bail-out so they made legislation about an bail-in. All deposits, all savings and probably all pension savings will be used to 'save' a system that is mathematical not save-able. I won't start about unfunded liabilities. If things can't continue they will stop. It is gonne be a mess. Not wanting to see this is understandable but not smart.
The problem that I have with the potential Government shutdown...... Is that it probably won't be an ever lasting shutdown. #Bitcoin.
Most people accept the fiat system, don't even want to hear how it actually works. Yet most of us who know differently don't ask "what else they got wrong". Yes it can be lonely. #Bitcoin