Frozenbeernuts
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Everything posted by Frozenbeernuts
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The U.S. national debt is at $34,135,530,482,291 and rapidly growing
Frozenbeernuts replied to seafoam1's topic in The Geek Club
I would recommend investing a currency that is infinite into something finite -
NFL Head Coaching Now Over-Represented by Blacks - UPDATE - the hiring of Radio Raheem brings it up to 22%!!!!
Frozenbeernuts replied to Patented Phil's topic in The Geek Club
I stopped watching football. They care too much about things not related to what happens on the field. My life has been much better since -
You confuse the rules withe the $ valuation. You should know the difference. I never said the price can't be manipulated. The supply can't, but if you pay attention, you would notice what's happening with gbtc. Dollar infinite, bitcoin finite. In the future, people will gladly exchange goods for bitcoin because it will be easy, and bitcoin will be very valuable.
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Unreal. Wall Street is the master a manipulation. Blackrock and Fidelity are buying $433 million bitcoin per day on average, and yet the price is dumping. Grayscale was set up to take the fall. It's fascinating to watch.
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Expect Pawswap to move upward soon
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A good point: gbtc set their fee at 1.5%. That's about 6-8x what the other etfs set their rate at. Barry Silbert steps down right before the etf launches. Gbtc bleeds bitcoin, they had 600k, to the other etfs. Possibly keeping the price subdued so that BlackRock isn't paying more than they have to There is an obvious demand for the etfs since the amount of money that has come through is large for an etf. Long term my bullishness hasn't changed. Buy bitcoin now because this is relatively cheap.
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You were right. The news was definitely priced in. Once the market saw the demand for spot bitcoin etfs wasn't there off the bat, it sold off. It can change quickly, and we have the halving in a few months. Still the halving isn't a massive supply shock with 1.8-2 million coins still available on exchanges.
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The etf approval was priced in perfectly it seems. Let's see how the inflows play out before the halving.
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Ok, wall street is officially advocating for bitcoin. BlackRock has a bunch of pro bitcoin bullet points now. This is interesting to witness. What will dwarf this move is when nation states start buying up bitcoin. Some may even print money to trade for bitcoin. I know I would if I had access to the printer.
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The 401k is through my hall. I don't think I can move it like that
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I'm looking to increase my buying power period. Using usd as a measure is the only way I know how to do that for now. Maybe eventually things get priced in bitcoin The thing about the usd is that all fiat currencies fail eventually. Maybe the dollar is super special and the US can keep it going? I know that unfunded liabilities are over $170 trillion. If it happens it won't be for a while. Bitcoin can't be used as cash unless an L2 gets figured out. Lightning isn't the answer I thought it would be as of now. One thing I do know is that the bitcoin usd pairing is going to get ridiculous. Like I said, we are going to see bitcoin be worth multiple millions of usd per dollar. People are going to want bitcoin to preserve their wealth over dollars. Plus you can use bitcoin like money.
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I don't think so. I think we might see some volatility, but I doubt we go under 40. Any dip will be very short lived. About to hit $47 right now.
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What else are we going to use to gauge an increase in value? Bitcoin to eggs? Houses? Horses? Silicone? The USD is the most ubiquitous unit of account that exists today. What else would you recommend as a unit of account to compare bitcoin to?
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Apparently not today. Price is not moving. Which is fine. This is a historic moment. Wall Street will usher in billions of dollars into bitcoin through these funds. I just wish my 401k provider wasn't stuck in ancient times with 0 plans for exposure to bitcoin etfs.
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The SEC has officially approved all 11 spot ETF applications. This is an epic moment in history and the beginning of a new era. I will be holding custody of my own bitcoin. I don't trust someone else holding it, but I appreciate how much money it is going to bring in. This will play a large part increasing my buying power. The price isn't spiking, which is a good thing imo. Save the volatility for another day. Now that the news is out, I would assume people are less skittish to jump in.
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What do you think is going to happen when: The ETF applicants are making actual commercials promoting bitcoin. Wall Street has a vested interest in bitcoin number go up. The bitcoin etfs are destroying the returns of everything else available on wall street. It's as blatant as it gets. I was wrong in 2021 because short term price predictions are really difficult. I wasn't wrong that bitcoin will continue to go up and up. It will be worth well over $1 million in our life times. Probably multiple millions of dollars.
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Idk what year I started. Probably 2021 when I thought it was going over 100k for sure. It didn't. I was wrong that year. I don't see how we don't achieve that this cycle considering wall street now has a massive financial incentive for the bitcoin price to go up. These etf applicants are making actual commercials promoting bitcoin that they are going to unleash on the public.
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If bitcoin goes over $100k by next year, will you wish you had bought some? How about $200k? $300k?
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The SEC Twitter page was indeed hacked. The first thing the hacker posted was just the #btc ticker. They then deleted the tweet and posted an official looking etf approval. Most likely the SEC had made that tweet and saved it to drafts to release today. Today the ETF will be approved. I think that will mean tomorrow they will begin trading. These ETF controllers are all lowering their fees for a race to the bottom. Yesterday was a fun day seeing all the memes that were birthed from that screw up. The SEC has sued companies before for not securing their digital identities well enough.
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I know that this is not the place to talk about this. Bunch of heathens. Still, I'm curious if anyone has done some serious inner work here.
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Has anyone opened their third eye here?
Frozenbeernuts replied to Frozenbeernuts's topic in The Geek Club
That's what I want to do. I thought a gram would be mild enough. Nope -
Has anyone opened their third eye here?
Frozenbeernuts replied to Frozenbeernuts's topic in The Geek Club
I am not a fan of psychedelics. I ate a gram of mushrooms a few weeks ago. I had to clean the house top to bottom to keep my mind from freaking out. I do not like the loss of control. Spiritual journey while sober and meditating, yes. Also moving energy through my meridians, communicating with higher self and God. Heart brain coherence. -
I guess the SEC used the wording "compromised" Definitely a major mistake by someone.
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Someone hacked the SEC Twitter page and said the ETFs haven't been approved. Well they say it was a hack. I wouldn't be surprised if someone posted the tweet a day early by accident, or it was an inside job to test the waters. Either way it's entertaining to see all of this unfold before tomorrow's decision
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Do you think bitcoin is going to go up from here over the next 2 years? If so, how much? Do you own any bitcoin?
