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Posted
22 hours ago, Tron said:

Get ready...it's coming.

Federal Reserve Bitcoin Meme GIF

It is coming and the signs of it was Yesterday.... 

I just got done looking at all of this and t looks like Japan caused this one because of the reverse Carry Trade. 

Alex on Friday said the market was going to drop because he seen Warren Buffet dump half of his Apple stock. WarrenBuffet dumbed City Bank previously 3.2+/- billion worth. Warren Buffet is gets all the inside trading info on what's happening but the MSM is trying to blame the Job numbers on the drop. That's pure BS. 

Japan instructed it's people to sell off the the dollar and buy Japan Bonds in the some of 4 trillion dollars or more this one guys thinks. Japan was facing Hyperinflation and if they didn't raise their Interest rates and do other things this is what was going to happen. 

FEDS will lower tine interest rates before fixing inflations and this is going to be the jumpstart for our system crash. When... who knows but it will happen. I say after the election but they might not be able to hide it  until then. 

Check this article out  then I will post two X accounts with their take one is mentioned in the article. The other was from someone in the comments who predicted all this.

Even if the USA did what it needs which is raise interest rates to around 18% like what Reagan did after Carter to stop inflation, it is not going to stop what is coming. 

Their effort is to bring in the Great Reset which is a Digital Currency and you will need the Mark to Buy or Sell. 

Wait for it. 



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Posted


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Posted

Plus War and Rumors of Wars. 

Where have you read that?



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Posted

Yeah..I have been talking about the end of the Yen carry trade causing a global unwind here in this thread for the last year and a half. Some people are a little slow to understand how the global financial system works. The Fed can't raise rates much past 5% because the US cannot service it's debt. Yield curve control is coming, and along with it, massive printing and currency debasement. Some like to say the US Dollar is the "cleanest dirty shirt in the hamper", and they are correct to an extent...all other currencies will be decimated first..There are too many foreign entities, both sovereign and private, that have borrowed in dollars..but do not have the ability to print dollars. Hmm..maybe you should be accumulating hard assets that have no counterparty risk...I wonder what the best assets like this could be? 



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Posted (edited)
2 hours ago, Tron said:

Hmm..maybe you should be accumulating hard assets that have no counterparty risk...I wonder what the best assets like this could be? 

Tim Bits best bake for your bucks! Best asset, you know what you got and lasts about as long as any investment these days!

image.thumb.jpeg.da4b94b4201ec472437adbea24eab658.jpeg

Edited by WeednFeed


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Posted

 



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Posted
On 8/14/2024 at 5:53 AM, Tron said:

Yeah..I have been talking about the end of the Yen carry trade causing a global unwind here in this thread for the last year and a half. Some people are a little slow to understand how the global financial system works. The Fed can't raise rates much past 5% because the US cannot service it's debt. Yield curve control is coming, and along with it, massive printing and currency debasement. Some like to say the US Dollar is the "cleanest dirty shirt in the hamper", and they are correct to an extent...all other currencies will be decimated first..There are too many foreign entities, both sovereign and private, that have borrowed in dollars..but do not have the ability to print dollars. Hmm..maybe you should be accumulating hard assets that have no counterparty risk...I wonder what the best assets like this could be? 

Gold then Silver

 

On 8/14/2024 at 9:33 AM, Tron said:

 

Unless it's backed by gold it won't fix one thing. What lesson did we learn about Bitcoin this last slump... Bitcoin will go down with the Dollar. 

So unless something BIT *.* is backed by Gold.. then it'll never work long term. It will be another scam with many regrets.

And as for our debt.. give politicians more money and all they'll spend it along with money we don't have.

What needs to happen is the USA needs to be destroyed for all the wars we go around starting for fake reasons. You do realize we're doing exactly what the world accrued Hitler of. This will not and should not end well. 



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Posted
6 hours ago, ALanHim said:

Gold then Silver

 

Unless it's backed by gold it won't fix one thing. What lesson did we learn about Bitcoin this last slump... Bitcoin will go down with the Dollar. 

So unless something BIT *.* is backed by Gold.. then it'll never work long term. It will be another scam with many regrets.

And as for our debt.. give politicians more money and all they'll spend it along with money we don't have.

What needs to happen is the USA needs to be destroyed for all the wars we go around starting for fake reasons. You do realize we're doing exactly what the world accrued Hitler of. This will not and should not end well. 

While I also own plenty of physical gold and silver (in my possession and not a paper contract) before dismissing Bitcoin, it’s worth taking a closer look at why so many people believe in it: 

1. Decentralization – Bitcoin isn't controlled by any government, bank, or corporation. This gives people the ability to have financial sovereignty, without interference. 

2. Fixed Supply – With only 21 million Bitcoins ever to exist(and likely 4-5 million lost forever), it's inherently scarce. This scarcity drives value over time, making it resistant to inflation, unlike fiat currencies that can be printed endlessly. 

3. Security – Bitcoin operates on a secure, transparent, and immutable blockchain, thanks to cryptography. Every transaction is secured by the SHA-256 algorithm, a cryptographic hash function that ensures data integrity. This makes it impossible to alter records or fake transactions. 

4. Global Access – Bitcoin provides financial services to billions who don’t have access to traditional banking. It's borderless and available to anyone with an internet connection.

5. Energy and Grid Stabilization – Bitcoin mining can help stabilize electrical grids by using excess or wasted energy, particularly from renewable sources like wind or solar. Mining operations can be turned on and off in real-time, making them valuable partners in grid management and helping balance supply and demand. AI driven energy demands will require increased base load power and Bitcoin mining partnered with power companies helps keep energy costs down.

 

I have found without acception in my conversations about Bitcoin with friends and family (many of whom are sophisticated investors)...all who criticize it have spent almost zero time understanding what it actually is and how it works. Before forming an opinion, take some time to understand what Bitcoin *really* is and why millions of people believe it’s the future of money. Technology advances, times change, and every tech revolution has winners and losers. The technology of money is changing right now before our very eyes. 



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Posted
14 hours ago, Tron said:

While I also own plenty of physical gold and silver (in my possession and not a paper contract) before dismissing Bitcoin, it’s worth taking a closer look at why so many people believe in it: 

1. Decentralization – Bitcoin isn't controlled by any government, bank, or corporation. This gives people the ability to have financial sovereignty, without interference. 

2. Fixed Supply – With only 21 million Bitcoins ever to exist(and likely 4-5 million lost forever), it's inherently scarce. This scarcity drives value over time, making it resistant to inflation, unlike fiat currencies that can be printed endlessly. 

3. Security – Bitcoin operates on a secure, transparent, and immutable blockchain, thanks to cryptography. Every transaction is secured by the SHA-256 algorithm, a cryptographic hash function that ensures data integrity. This makes it impossible to alter records or fake transactions. 

4. Global Access – Bitcoin provides financial services to billions who don’t have access to traditional banking. It's borderless and available to anyone with an internet connection.

5. Energy and Grid Stabilization – Bitcoin mining can help stabilize electrical grids by using excess or wasted energy, particularly from renewable sources like wind or solar. Mining operations can be turned on and off in real-time, making them valuable partners in grid management and helping balance supply and demand. AI driven energy demands will require increased base load power and Bitcoin mining partnered with power companies helps keep energy costs down.

 

I have found without acception in my conversations about Bitcoin with friends and family (many of whom are sophisticated investors)...all who criticize it have spent almost zero time understanding what it actually is and how it works. Before forming an opinion, take some time to understand what Bitcoin *really* is and why millions of people believe it’s the future of money. Technology advances, times change, and every tech revolution has winners and losers. The technology of money is changing right now before our very eyes. 

What gives Bitcoin value? Other currencies right? If the Dollar Drops... Bitcoin will Drop with it like it already has. 

I don't trust any of this Digital Crap. The AI will have a field day with it. It'll not last... it can't last not backed by anything of value like Gold.. just like the Dollar. 

I can buy with cash and bypass all banks and Digital crap. This Digital Currency is a trap. Just like with Voting I want a paper ballet. 



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Posted
7 minutes ago, ALanHim said:

What gives Bitcoin value? Other currencies right? If the Dollar Drops... Bitcoin will Drop with it like it already has. 

I don't trust any of this Digital Crap. The AI will have a field day with it. It'll not last... it can't last not backed by anything of value like Gold.. just like the Dollar. 

I can buy with cash and bypass all banks and Digital crap. This Digital Currency is a trap. Just like with Voting I want a paper ballet. 

Energy gives Bitcoin value. The energy that it takes to mine blocks and secure the network is the real world connection to digital money. It is effectively digital gold without the strip mining. 
 

"If you don't get it, or don't believe me, I don't have time to try and convince you, sorry" - Satoshi Nakamoto



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Posted
3 minutes ago, Tron said:

Energy gives Bitcoin value. The energy that it takes to mine blocks and secure the network is the real world connection to digital money. It is effectively digital gold without the strip mining. 
 

"If you don't get it, or don't believe me, I don't have time to try and convince you, sorry" - Satoshi Nakamoto

I don't get it.. and I never will. No fucking way digital anything is even Close to Gold. No fucking way. 

Bitcoin will not last. I have heard every argument and Peter Schiff has me rooting for Gold. 

https://finance.yahoo.com/news/peter-schiff-says-smart-money-123541754.html

 

 



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Posted

@Tronwhat happens if everyone sells their Bitcoin? What happens to the value? 

What happens if everyone sells their Gold. What happens to the value of Gold? 

One ends up being worth nothing and Gold like it always has retains it's value. Common sense dictates this. No value in a 1 or a 0 no different then our back by nothing Fiat currency. 

Using Bitcoin to do transactions and stuff.. sure no problem To use it as a savings... sure some will win and some will lose. There is zero stability in something that is backed by nothing. For now it is all pretend money. 



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Posted

Have a good weekend!

 



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Posted

This is what it looks like at the beginning of an inflationary depression.

From the Dollar General earnings call:

 

IMG_5083.png



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Posted
On 4/10/2024 at 8:10 AM, Tron said:

This is the chart that will prompt the Fed to cut interest rates. It has nothing to do with what they see in inflation metrics. Get ready for another inflation wave and eventually a currency crisis. 

IMG_4690.jpeg

Was a bit early on this post...and yet here we are...debt spiral incoming.

 



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Posted
On 8/18/2024 at 3:40 AM, ALanHim said:

@Tronwhat happens if everyone sells their Bitcoin? What happens to the value? 

What happens if everyone sells their Gold. What happens to the value of Gold? 

One ends up being worth nothing and Gold like it always has retains it's value. Common sense dictates this. No value in a 1 or a 0 no different then our back by nothing Fiat currency. 

Using Bitcoin to do transactions and stuff.. sure no problem To use it as a savings... sure some will win and some will lose. There is zero stability in something that is backed by nothing. For now it is all pretend money. 

If the world finds itself in a circumstance that requires going back to transacting in physical gold, you will have bigger problems than where your savings are stored ...under those conditions the actual precious metals you will truly need plenty of, are brass and lead. 



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Posted

  • 4 weeks later...

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Posted

Up 134% YTD. You are all going to be dumbfounded at how high the price of Bitcoin will ultimately go. Don't say I didn't warn you. I have been pounding the table her for years. I don't really even like framing it this way, as I don't look at it as "buying" bitcoin...I view it as selling fiat dollars for the hardest asset we have ever had.
Get off zero. 

IMG_5187.png



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Posted (edited)

Four concerning factors:

1.) Its threat to governments' monopoly on currency & economies. 

2.)  Governments' hostility toward & attempt to control its energy consumption using current proof of work validation instead of proof of stake.

3.) Apoarent progressively decreasing incentive for miners to invest in updated hardware and mining costs.

4.) Governments' desire to control its use as a money laundering vehicle.

The lightning protocol & its facilitation of being more frequently used in transactions like money is promising, as is the FTC's approval of new ivestment entities.

Long-term...say 10+ years out, it looks promising as it has staked a bedrock claim as the preeminent vehicle for the nascent cryptocurrency economy, which is here to stay.

Edited by Timmah!


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Posted
On 10/2/2022 at 11:56 AM, Sammy said:

Who do you want to tax instead? And then... we have shit politics that try to answer that. And here we are stuck in the middle. Fortunately I dont have any debts, other than whatever I have to put on my card for a short time and pay it off. Unforeseen car repairs and such. They are helpful to maintain a firewall, so to speak, between spending and my bank account in case there are issues, disagreements, or worse.

Could be worse. You could trust in bitcoin.

 

IMG_5190.jpeg



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Posted
19 minutes ago, Timmah! said:

Four concerning factors:

1.) Its threat to governments' monopoly on currency & economies. 

2.)  Governments' hostility toward & attempt to control its energy consumption using current proof of work validation instead of proof of stake.

3.) Apoarent progressively decreasing incentive for miners to invest in updated hardware and mining costs.

4.) Governments' desire to control its use as a money laundering vehicle.

The lightning protocol & its facilitation of being more frequently used in transactions like money is promising, as is the FTC's approval of new ivestment entities.

Long-term...say 10+ years out, it looks promising as it has staked a bedrock claim as the preeminent vehicle for the nascent cryptocurrency economy, which is here to stay.

1. Bitcoin doesn't care. It is controlled by no person or government. By the way..do you think the politicians you vote for are the ones actually deciding what levers get pulled? Blackrock and Larry Fink are bullish Bitcoin..maybe you should consider more deeply what that actually means.

2. Bitcoin miners have been a huge benefit to grid stabilization...particularly in Texas. Do a little research on this.

3. This is a non issue. Transaction fees will more than make up for block rewards. Bitcoin is a savings technology at this point. The US Dollar is not going anywhere anytime soon..much like if you hold gold coins and want to take them to a dealer and exchange them for cash..you pay a fee in the "spread" between bid and ask. Bitcoin will be no different.

4. Governments are no doubt using bitcoin for their own money laundering desires...but let's be real..sending pallets of cash to places like Iran already happen and will continue to do so.

In summary, Bitcoin doesn't care about any of these issues, and it will continue to increase in price....forever. 

"If you don't believe it, or don't get it, I don't have time to try to convince you, sorry" - Satoshi Nakamoto

 

 



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Posted
6 minutes ago, Tron said:

1. Bitcoin doesn't care. It is controlled by no person or government. By the way..do you think the politicians you vote for are the ones actually deciding what levers get pulled? Blackrock and Larry Fink are bullish Bitcoin..maybe you should consider more deeply what that actually means.

2. Bitcoin miners have been a huge benefit to grid stabilization...particularly in Texas. Do a little research on this.

3. This is a non issue. Transaction fees will more than make up for block rewards. Bitcoin is a savings technology at this point. The US Dollar is not going anywhere anytime soon..much like if you hold gold coins and want to take them to a dealer and exchange them for cash..you pay a fee in the "spread" between bid and ask. Bitcoin will be no different.

4. Governments are no doubt using bitcoin for their own money laundering desires...but let's be real..sending pallets of cash to places like Iran already happen and will continue to do so.

In summary, Bitcoin doesn't care about any of these issues, and it will continue to increase in price....forever. 

"If you don't believe it, or don't get it, I don't have time to try to convince you, sorry" - Satoshi Nakamoto

 

 

It's what investors think that matters, especially short term; that's what drives prices. 

Long term It's a solid investment. 

 



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Posted (edited)
20 minutes ago, Timmah! said:

It's what investors think that matters, especially short term; that's what drives prices. 

Long term It's a solid investment. 

 

Short term investors are what drive volatility, not price.

 

Edited by Tron

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