Frozenbeernuts
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30,219 -
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Everything posted by Frozenbeernuts
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That's a lot of up in one day. Bitcoin's one day return is a good year for standard and poor
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Holy sh*t definitely don't look at the price now if you don't have bitcoin
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I think that you fail to realize how limited the supply of bitcoin is. The ETFs haven't even bought bitcoin yet. Their inflows are still 0. How is the price not going to move up when millions, possibly billions flow in? Maybe the price dips after they are approved. It will be a very short lived dip. Ath before the halving is more likely than any prolonged or significant dip. I hope you are being a contrarian just so you can look smart in the rare chance you are right, rather than using flawed logic to make a definitive stance like this
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Whatever you do, if you don't own any bitcoin, don't look at any price action today or over the next two years. It's going to be a very tough pill to swallow. Ignorance is your friend here. Looking will only produce anger and resentment.
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Wall Street is telegraphing their move here like no other time in history. People are so skittish. Many people will look back in history and wonder why more people didn't front run this move from Wall Street.
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Bitcoin is up 3% today alone. It's up 170% about in the last year. Nothing moves upward like bitcoin does. Why would someone not have at least some exposure to the best performing asset? I saw someone post on Twitter that they were good on wealth, they didn't need bitcoin exposure. That makes no sense at all.
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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.
