Frozenbeernuts
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Everything posted by Frozenbeernuts
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I see a lot of sentiment both ways. I lean on the limited supply and the millions to billions that are going to come in. I saw a tweet stating existing funds are amending their rules to allow exposure to these etfs Bitcoin has been and will continue to be the best performing asset. Wall Street played a part in slowing down last cycle's run. Not because they want to kill it, but because they want a piece of the pie. It makes sense to me that institutional investors are going to finally feel more secure putting money in, and who doesn't want exposure to the best asset?
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Aaaaaand we're back above $45k. Every drop in bitcoin's usd pairing is temporary. One asset had a fixed supply, the other has an infinite supply. It's very simple supply and demand numbers here. The ETF approval is looking like a go, but it's not a done deal yet. The ETF allows wall street and the government to capture a large portion of bitcoin. It's sad to see, but I will never buy a claim on the bitcoin. I will only ever purchase the real thing. Some speculate an ETF approval and or ETF launch will be a sell the news event. Maybe it will be in the very short term. I doubt it because of the severely limited supply, but if it does drop, it will turn around pretty quickly. I think some of you are really underestimating the effect of the ETF on the price.
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I agree that the government is not going to allow this without a fight. They are already cracking down on p2p with the new law that requires full kyc for txs larger than $10k. Basically need to have identity completely unlinked to bitcoin. Buying non kyc bitcoin is so valuable. I haven't, but I should work on it.
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Bitcoin will go up forever against the dollar until it dies. The dollar will die one day. Fiat currencies cannot last forever. They get debased to a point where people no longer trust the currency. When that happens though, I have no idea. In simple terms, finite bitcoin, infinite dollar. Therefor bitcoin, as long as it still works, will go up forever against fiat. I only plan on selling if I need to purchase something significant for me and my family.
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It bounced back. Short term price drops don't affect me. If anything it just makes the bitcoin for that week cheaper if I'm buying some. These little 5% dips will be laugable when bitcoin is in the multiple hundreds of thousands of dollars. I don't know why anyone would seriously trade. A little here and there I get, but buy and hold out performs trading almost every time.
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Jim Cramer just capitulated. He even admitted Charlie Munger was blind to bitcoin. Which means he's admitting Warren Buffet is wrong about it also. This is a big shift considering how anti bitcoin he has been. Yes Jim Cramer is still a fool
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It sounds like existing funds are adjusting their rules to allow investment into bitcoin etfs.
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Agreed completely. I would never buy an etf. When the dollar is worthless, having shares in an etf is not going to matter. Having the real thing is going to matter. Etfs still give corporations a more clear investment vehicle. Michael Saylor has pulled it off, but from what I have read he is in a bit of a special position to do so. These etf applicants are listing their seed amounts. That's just to get the funding started. Who knows how much will flow in from the outside. These etfs need to match the dollars with bitcoin 1:1
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I have read most of this. It's good. Not as epic as some people claim, but definitely worth the read.
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Chicago's mayor taps $95M in federal COVID-19 relief funds for migrant housing costs
Frozenbeernuts replied to seafoam1's topic in The Geek Club
At least there weren't any migrants lined up at Chicago Cut tonight. -
I read that. It's a good book and it's mostly spot on imo
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Since I began praying and manifesting
Frozenbeernuts replied to Frozenbeernuts's topic in The Geek Club
If only it was that simple -
My life has done a 180. My net worth is sky rocketing. I'm never anywhere near sad or depressed. I'm at a minimum content, but I'm usually pretty happy. I have eliminated my anger issues. I have way more energy. I am sleeping great all of the time. My network of people is growing. Just speaking positively and thinking positively has had a massive effect. It's literally making my bank account grow along with the opportunities to make money. Getting rich is so fkin easy these days. Life is easy in general. It's so easy to be on top of the world doing whatever it is you feel like doing.
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Since I began praying and manifesting
Frozenbeernuts replied to Frozenbeernuts's topic in The Geek Club
Transurfing Reality does a good job of putting this into perspective. Zeeland says that the more we want something that isnt easily attainable, the farther away it usually is. That's because we place too much importance on that thing since we don't have it. By believing it is already ours, it makes attaining it much easier. It sounds paradoxical, but it works. -
Since I began praying and manifesting
Frozenbeernuts replied to Frozenbeernuts's topic in The Geek Club
There are levels to this. Words do affect our reality. Just saying I'm rich will help, but in order for the wealth to come faster and be larger, we need to combine the words with belief and action. Think about most poor people. Do they tell people they are rich? No they complain about being poor. They tell everyone they are poor, and they believe they are poor, so it remains their reality. I'm also not proving anything about my wealth in here. Believe me or not. My wealth is sky rocketing. It's also no coincidence that the happiest and most content people speak the most positively. Have you ever met someone who spoke extremely negatively but was actually really happy and content? I've never met someone like that. There's a lesson in there. -
I have read so many amazing books this year. You are the Placebo by Dr Joe Dispenza should required reading for everyone Instant Divine Assistance by Benjamin Bernstein Reality Transurfing by Vadim Zeeland Marcus Aurelius - Meditations
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Since I began praying and manifesting
Frozenbeernuts replied to Frozenbeernuts's topic in The Geek Club
Thanks seafoam. They are definitely healing. I have belief that our hands can heal also. Whenever I feel off somewhere I use an invocation I learned and put my hands on the spot I want to heal. It works. -
Since I began praying and manifesting
Frozenbeernuts replied to Frozenbeernuts's topic in The Geek Club
I have experienced so many synchronicities this year. This week has featured a bunch. Today culminated in me and my wife getting each other the same exact thing for our 1st anniversary. Absolutely wild. -
Since I began praying and manifesting
Frozenbeernuts replied to Frozenbeernuts's topic in The Geek Club
I do agree. I don't follow Christinanity. It's mainly because they do feature Jesus' teachings. The law of one is basically it. -
Since I began praying and manifesting
Frozenbeernuts replied to Frozenbeernuts's topic in The Geek Club
God is real, he just isn't the Christian, Muslim, or Jewish version. It's more like a hybrid between Buddhism and Christianity. There is no eternal hell. -
Since I began praying and manifesting
Frozenbeernuts replied to Frozenbeernuts's topic in The Geek Club
Praying would be where the asking happens. I ask God for certain things, and then I tell God how grateful I am for different things. Manifesting and affirming are speaking what we want our reality to be into existsnce. All of our words and thoughts help create our reality. By speaking of things we want, like we already possess them now, it helps bring them into our reality. It's important to attach a firm belief that the words are already true. And yes action also helps bring them even closer. Just by speaking I am wealthy, the universe will bring wealth closer to us. If we put action to words, wealth happens even quicker. I'm proving the truth of this right now. -
Since I began praying and manifesting
Frozenbeernuts replied to Frozenbeernuts's topic in The Geek Club
Thanks Jerry. Im married to my second wife right now. Things are going great between us. I am still pipefitting, but I will hopefully be leaving that soon to move onto something bigger and better. -
Since I began praying and manifesting
Frozenbeernuts replied to Frozenbeernuts's topic in The Geek Club
The entire economy would need to tank to affect me. I have money in different spots. Even then, it is what it is. It's not going to get me down. -
Jamie Dimon talks out of one side of his mouth and buys bitcoin out of the other. He was just on capital hill saying that he would shut crypto down, yet here he is in the middle of wall street aping in.
