Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 346. (Read 26497134 times)
August 03, 2024, 02:01:13 PM
August 03, 2024, 02:00:38 PM
Buddy is $80K too hard to ask for
. 
August 03, 2024, 01:28:42 PM
Will bitcoin behave like gold in the following 8-10 years or will it correlate more with stocks?
Additionally, how AI will play out? Imho, this could be profoundly deflationary.
Additionally, how AI will play out? Imho, this could be profoundly deflationary.
Protip:
It is funny (or ironic) to continue to notice that over the yeas, you still don't seem to get bitcoin very well. In udder wurds, Bitcoin is not very likely to be a mature asset, so it is not very likely to be correlated to either of those two asset classes in the way that you are suggesting that it might be, especially in the next 8-10 years.
The gist of my post was that 200 wma will show the way, but, as always, you look at the minor details.
That said, you cannot say what would and what would not happen either.
Yogi Berra states: "It is difficult to make predictions, especially about the future."
August 03, 2024, 01:23:41 PM
It is kind of funny how so many bitcoiners worship that dweeb as some kind of a god (and even frequently reinterpret benevolent or well-intentioned or even 5-D chess meanings into his statements), but on the regular he either says a lot of pretty dumb shit or he is so obviously over-the-top when it comes to his narcissism.
Still, after watching Trump's talk at the Bitcoin Conference 2024, even if only a fraction of what he promised would come to pass I think it would be great for Bitcoin, and as a foreigner and holder that means more to me than other issues. Worst case, all of the promises he made are neglected or outvoted, even the fact that he just showed up at the Bitcoin Conference meant something.
--- EDIT: Not related to Trump below. ---
Overall, as inflation increases (with the threat of hyperinflation looming) in current fractional reserve banking system, considering the volume of debt and interest involved for many countries, holding Bitcoin might be the only solution for governments to slow down inflation where BTC has the potential to outperform the interest from debt. I don't know exactly how that Bitcoin financial construct would look like in the end, but either way it's the most bullish proposition I can think of at the moment, guaranteed CCMF to the moon! Think "Fort Knox" with Bitcoin.
To inflation has a very simple cause. Human demand keeps growing and all the worlds assets don’t grow.
IE. I was 7 in 1964 there were 2.5 billion people. an equal devision of peopl to earth 🌎 gave each person
1 acre of fresh water 12 acres of land and 36 acres of ocean.
in 2024 there are 8.1 billion people giving under ⅓ acres of fresh water under 4 acres of land and under 12 acres of ocean.
this is the driving force of inflation demand grows like mad and resources are constant.
yeah tech (bitcoin ,computers ) can help use the fixed resources better. but they are not making more earth
That doesn't make sense to me.
If demand grows and supplies are constant we should only have deflation, such as the price for a BTC going up massively.
THUS in theory that deflation should be making any currency more valuable.
So if your parents bought a house for $10,000. Now it should be $1,000 right?
IF there were no other forces in play.
Inflation (= money printing) seems to exist exactly to try to ebb all of that
(and it's probably a scam in many ways - but let's not dwell on that now).
However in many cases that does not work and the balance seems to be impossible to get right.
Either governments inflate too much or too little.
And even if the balance appears to be right (the magical 2% inflation rate you always hear) in many areas other financial, societal and physical instruments
have been invented to make prices go even more crazy for some sectors:
- Red tape with regards to what you could do yesterday but not tomorrow => Now you need a $50,000 dollar EV as an ICE car is not allowed here
- Women can now all work and earn near the same as men so couples can both pay for a mortgage -> Massive increase in house prices
- Cheap debt, you can now get a mortgage 7 times the value of your salary where it used to be 3.
- More access to credit cards and short term loans.
- Mass immigration into certain areas due to the world becoming better connected and everyone seeing the grass is probably greener over there
- Wealthy companies have gained more access to instruments to keep their growth ballooning (have your Iphones made in China), massively
increasing the difference between super rich and the average Chinese Iphone assembly worker. - Petro Dollar has made US very rich per capita but it has had negative effects elsewhere, but the strength of this seems to be reducing
- Much of the technology invented over the last 100 years have meant many changes that have led to inflation:
ease of access of travelling and thus moving between distant countries etc.
That's my take on it any way.
Sure, I agree with some of your assertions that much demand makes prices go boom but I just think there is more to it than just that
(hence my long winded explanation).
We are seeing much of the first world now not actually having enough children to sustain GDP growth (see Japan especially),
so immigration and inflation seem to have been encouraged to try to fix that.
But these are certainly causing other problems that no one thought about much I think.
Personally I reckon there are probably more than enough resources to sustain 15-20 billion people on the planet.
But them all wanting (and allowing them) to live in the same areas is just foolish.
if there are 25 people and they want a house the demand is lower than 81 people that want a house.
since realestate is kind of finite the supply simply can not grow as fast as the demand.
and the goverment prints more money as a badaid to hide the wound caused by faster demand growth than supply growth.
but you say build taller buildings and fit more people in them. yeah that is one way tech can help.
but consider the issue beyond real estate go with biomass of the earth.
it is fixed.
so if humans are 0.001 part of the biomass and the nonhuman part is 0.999
the demand we place on the biomass supply is not much.
if we grow to 0.01 part and the rest is 0.99 the demand is 10x
we now push really fucking hard on the biomass of the world.
Just think of the weight of the food you eat in a year. I eat at least a pound of different foods in a day and I drink at lease .5 gallons of liquids. which weighs 3.5 pounds So I take in 4.5 pounds a day around 1642 pounds a year . I weigh 195 or 8.42 food and drink to 1
this is likely more than the average person.
so make it 5 to 1
the worlds needs to do 5 x 8.1 billion =40.5 billion pounds for food and drink
vs 5 x 2.5 billion = 12.5 billion pounds for food and drink.
this is biomass demand and it is growing every fucking year for a real long time.
This is the reason inflation exists. Printing money simply hides this as you and the two or three that merited you seem to think that inflation is a monetary term. The reality is inflation is the reflection of the human demand curve on the planets biomass. But either way you want to define things inflation will never leave us until you figure out how to alter the humans demand growth on the worlds biomass.
Well, we are MAKING the biomass that we eat..Humans are 34% of global mammal biomass already...livestock and pets-62%, ALL wild mammals-just 4%.
That said, human biomass is "just" 80 mil tonnes of carbon, while plants are 450 bil tonnes or carbon.
We are still a small % of the biomass, but we already dominate animal biomass completely (our bodies+cattle+pets), but the way things are going, it looks like to total number of humans would peak at about 9-10 bil and then decline over 1-2 centuries to maybe 3 bil, according to projections based on birth/death trends (not accounting for diseases, wars, etc).
August 03, 2024, 01:19:49 PM
Refreshing the page (from which you are attempting to link or quote) usually takes care of that kind of a particular error message.
Nope, even tried to manually add the post reference in a quote that did work and still got the same error.
My bad misread that. I had already closed all the pages I used to locate the posts I needed.
August 03, 2024, 01:18:26 PM
Will bitcoin behave like gold in the following 8-10 years or will it correlate more with stocks?
Additionally, how AI will play out? Imho, this could be profoundly deflationary.
Additionally, how AI will play out? Imho, this could be profoundly deflationary.
Protip:
It is funny (or ironic) to continue to notice that over the yeas, you still don't seem to get bitcoin very well. In udder wurds, Bitcoin is not very likely to be a mature asset, so it is not very likely to be correlated to either of those two asset classes in the way that you are suggesting that it might be, especially in the next 8-10 years.
WTF! went back and located a ton of posts to write a up a jjg post then went to grab the quotes and they all errored.
Maybe I'll waste another ten minutes later and try again.
Quote
Session verification failed. Please try logging out and back in again, and then try again.
Motherfucker!Maybe I'll waste another ten minutes later and try again.
Refreshing the page (from which you are attempting to link or quote) usually takes care of that kind of a particular error message.
August 03, 2024, 01:01:16 PM
August 03, 2024, 12:51:10 PM
WTF! went back and located a ton of posts to write a up a jjg post then went to grab the quotes and they all errored.
Motherfucker!
Maybe I'll waste another ten minutes later and try again.
Quote
Session verification failed. Please try logging out and back in again, and then try again.
Motherfucker!
Maybe I'll waste another ten minutes later and try again.
August 03, 2024, 12:44:05 PM
Right now, it feels that ALL theories about bitcoin price are wrong.
Then, I look at the 200 wma and so far, it is smooth-up and to the right.
Until that changes profoundly, it pays to ride it, imho.
That said, it is starting to feel that we are in an inflationary decade.
If you look at 70-ies, inflation rise was not smooth: there were 2-3 peaks with valleys in between.
https://www.investopedia.com/inflation-rate-by-year-7253832
All investments apart from gold were not good during the seventies and stock market in constant dollars declined: see 1968-1982 period-decline from 915 to 369 (60% in 14 years).
https://www.gurufocus.com/economic_indicators/5860/inflation-adjusted-sp-500-index-price
Will bitcoin behave like gold in the following 8-10 years or will it correlate more with stocks?
Additionally, how AI will play out? Imho, this could be profoundly deflationary.
Conclusion: no clear path at the moment, but we should plow through, eventually.
Then, I look at the 200 wma and so far, it is smooth-up and to the right.
Until that changes profoundly, it pays to ride it, imho.
That said, it is starting to feel that we are in an inflationary decade.
If you look at 70-ies, inflation rise was not smooth: there were 2-3 peaks with valleys in between.
https://www.investopedia.com/inflation-rate-by-year-7253832
All investments apart from gold were not good during the seventies and stock market in constant dollars declined: see 1968-1982 period-decline from 915 to 369 (60% in 14 years).
https://www.gurufocus.com/economic_indicators/5860/inflation-adjusted-sp-500-index-price
Will bitcoin behave like gold in the following 8-10 years or will it correlate more with stocks?
Additionally, how AI will play out? Imho, this could be profoundly deflationary.
Conclusion: no clear path at the moment, but we should plow through, eventually.
August 03, 2024, 12:33:06 PM
Congratulations to Imane Khelif for winning another all female Olympics boxing match.
August 03, 2024, 12:26:42 PM
It is kind of funny how so many bitcoiners worship that dweeb as some kind of a god (and even frequently reinterpret benevolent or well-intentioned or even 5-D chess meanings into his statements), but on the regular he either says a lot of pretty dumb shit or he is so obviously over-the-top when it comes to his narcissism.
Still, after watching Trump's talk at the Bitcoin Conference 2024, even if only a fraction of what he promised would come to pass I think it would be great for Bitcoin, and as a foreigner and holder that means more to me than other issues. Worst case, all of the promises he made are neglected or outvoted, even the fact that he just showed up at the Bitcoin Conference meant something.
--- EDIT: Not related to Trump below. ---
Overall, as inflation increases (with the threat of hyperinflation looming) in current fractional reserve banking system, considering the volume of debt and interest involved for many countries, holding Bitcoin might be the only solution for governments to slow down inflation where BTC has the potential to outperform the interest from debt. I don't know exactly how that Bitcoin financial construct would look like in the end, but either way it's the most bullish proposition I can think of at the moment, guaranteed CCMF to the moon! Think "Fort Knox" with Bitcoin.
To inflation has a very simple cause. Human demand keeps growing and all the worlds assets don’t grow.
IE. I was 7 in 1964 there were 2.5 billion people. an equal devision of peopl to earth 🌎 gave each person
1 acre of fresh water 12 acres of land and 36 acres of ocean.
in 2024 there are 8.1 billion people giving under ⅓ acres of fresh water under 4 acres of land and under 12 acres of ocean.
this is the driving force of inflation demand grows like mad and resources are constant.
yeah tech (bitcoin ,computers ) can help use the fixed resources better. but they are not making more earth
That doesn't make sense to me.
If demand grows and supplies are constant we should only have deflation, such as the price for a BTC going up massively.
THUS in theory that deflation should be making any currency more valuable.
So if your parents bought a house for $10,000. Now it should be $1,000 right?
IF there were no other forces in play.
Inflation (= money printing) seems to exist exactly to try to ebb all of that
(and it's probably a scam in many ways - but let's not dwell on that now).
However in many cases that does not work and the balance seems to be impossible to get right.
Either governments inflate too much or too little.
And even if the balance appears to be right (the magical 2% inflation rate you always hear) in many areas other financial, societal and physical instruments
have been invented to make prices go even more crazy for some sectors:
- Red tape with regards to what you could do yesterday but not tomorrow => Now you need a $50,000 dollar EV as an ICE car is not allowed here
- Women can now all work and earn near the same as men so couples can both pay for a mortgage -> Massive increase in house prices
- Cheap debt, you can now get a mortgage 7 times the value of your salary where it used to be 3.
- More access to credit cards and short term loans.
- Mass immigration into certain areas due to the world becoming better connected and everyone seeing the grass is probably greener over there
- Wealthy companies have gained more access to instruments to keep their growth ballooning (have your Iphones made in China), massively
increasing the difference between super rich and the average Chinese Iphone assembly worker. - Petro Dollar has made US very rich per capita but it has had negative effects elsewhere, but the strength of this seems to be reducing
- Much of the technology invented over the last 100 years have meant many changes that have led to inflation:
ease of access of travelling and thus moving between distant countries etc.
That's my take on it any way.
Sure, I agree with some of your assertions that much demand makes prices go boom but I just think there is more to it than just that
(hence my long winded explanation).
We are seeing much of the first world now not actually having enough children to sustain GDP growth (see Japan especially),
so immigration and inflation seem to have been encouraged to try to fix that.
But these are certainly causing other problems that no one thought about much I think.
Personally I reckon there are probably more than enough resources to sustain 15-20 billion people on the planet.
But them all wanting (and allowing them) to live in the same areas is just foolish.
if there are 25 people and they want a house the demand is lower than 81 people that want a house.
since realestate is kind of finite the supply simply can not grow as fast as the demand.
and the goverment prints more money as a badaid to hide the wound caused by faster demand growth than supply growth.
but you say build taller buildings and fit more people in them. yeah that is one way tech can help.
but consider the issue beyond real estate go with biomass of the earth.
it is fixed.
so if humans are 0.001 part of the biomass and the nonhuman part is 0.999
the demand we place on the biomass supply is not much.
if we grow to 0.01 part and the rest is 0.99 the demand is 10x
we now push really fucking hard on the biomass of the world.
Just think of the weight of the food you eat in a year. I eat at least a pound of different foods in a day and I drink at lease .5 gallons of liquids. which weighs 3.5 pounds So I take in 4.5 pounds a day around 1642 pounds a year . I weigh 195 or 8.42 food and drink to 1
this is likely more than the average person.
so make it 5 to 1
the worlds needs to do 5 x 8.1 billion =40.5 billion pounds for food and drink
vs 5 x 2.5 billion = 12.5 billion pounds for food and drink.
this is biomass demand and it is growing every fucking year for a real long time.
This is the reason inflation exists. Printing money simply hides this as you and the two or three that merited you seem to think that inflation is a monetary term. The reality is inflation is the reflection of the human demand curve on the planets biomass. But either way you want to define things inflation will never leave us until you figure out how to alter the humans demand growth on the worlds biomass.
August 03, 2024, 12:25:05 PM
An interesting short video of Robert Kiyosaki:
I've not heard anyone advise others to save for about 17 years.- Why would you save money, when they are printing money?
- In this Fractional Reserve System (or the Current Banking System), you are told to save money. You save 1$ so that Banks can lend out 10$
People's grandparents used to do I think.
But mine have all been dead since about that time.
For sure the idea of saving is not a bad one, and so for sure, the criticism of savings relates to the ongoing debasement of cash - and frequently people are still mislead about whether saving is a good thing or not - and yeah a lot of the debasement of the cash does encourage poor people to not save, since the cash is not holding its value.. and so if they do not have any place to put their money in order to hold value they will spend their cash more quickly... and sometimes their consumptive goods will hold value more than the cash would have had done.
There do seem to be quite a few investments that have come available to normies, including bitcoin, yet normies still might not appreciate the value of investing and/or savings because they have been so perverted over the past several years... including the largely disappearance of the interest rate... and yeah, sometimes the interest rate that banks provide does not even keep up with the rate at which the money is debased (or the rate at which prices go up, which also varies from product to product).
[edited out]
Last time I recall seeing interest rates above 5% was around the turn of the century, so it’s understandable why nobody saves in a savings account anymore. I wouldn’t be mad at savers for taking advantage of 5% interest now, but it probably isn’t going to stay that way for too much longer. Right now, it is a bit deceptive to earn 5% interest rates, and remember in late 2022 the USGovernment and also philipma and some others were pumping getting into treasuries Ibonds since they were paying 5%.. That ended up not playing out as such a great idea as compared with being in and getting into bitcoin during those times.
Still, in 2008 I would have loved to have been all cash and that was with low rates.
You seem to continue to be distracted by macro dynamics. Even though bitcoin might end up suffering from some short term downity from her, we did not have bitcoin 2008, so anyone getting distracted into thinking that they should be in cash right now, rather than making sure that they have enough bitcoin, might well be in for some surprises.
Yeah, we cannot really know where bitcoin is going from here, especially in the short-term, yet we should have some decently good ideas that it is not good to be in cash in the long term, even though it likely does not hurt to have some cash available for various potential drops in BTC price - yet I doubt that means to sell any BTC at these prices.. (even though guys can do what they like when it comes to their stash management and making sure that they are prepared for up - even if they are scared of potential down).
[edited out]
10 years is a lot, but on the other hand, it is also a little - it depends from which perspective you look at it. If you invested in BTC when it was worth a few hundred $, then even today you are a relatively rich person (depends on where you live and what you want).I get your point that 10 years really might not even be that long when it comes to a kind of an investment that brings you multitudes of price appreciation.
I would imagine that most people take a while to establish their BTC position. They do not just lump sum in, even if they are capable of such lump summing.
2015 was scary too.
I would imagine anyone (even a relatively poor person but who had some disposable income) who was somewhat aggressively accumulating in 2015 ended up doing well for themselves if they were able to completely establish their position in 2015 - but I still think that the market sentiment was too uncertain for a lot of normies to be aggressive in establishing their position in 2015.. so even if they started in that time, they likely would have still been accumulating into 2016 and perhaps into 2017.. and maybe a bit beyond that..
Maybe this kind of market seems a bit frustrating, but I think it's better if everything "bad" happens now, even though the presidential elections in the US may have a greater impact on the price of BTC than everything that has been happening in recent months. Unfortunately, too much focus was placed on only one country, only one man and a few powerful companies.
There is something a bit frustrating with some aspects of bitcoin having ties to liquidity, yet still it seems likely that bitcoin is going to fair relatively better than other assets, and its performance is not quite as tied to the results of the election as it seems to be... Yet in various short term periods, there can be good cop bad cop ideas that contribute to some short term dynamics, including helping to shake some weak hands out of their coins.
These kinds of downity pressure periods frequently (if not always) feel scary while we are going through them, even for longer term holders who are in decently great profits.. and yea, maybe the ONLY ones getting excited are the bears, no coiner and low coiners, who might not be buying anyhow. Sure some newbies to bitcoin might be buying and excited to be able to buy cheaper, yet it can still feel uncomfortable regarding how low any dip is going to go or how long it is going to last.. but I still question any single issue theories. .such as presidential elections.. even though so many folks might currently be talking about bitcoin's price performance and/or future possibilities within those kinds of presidential election parameters.
Irrespective of what market conditions we are in, I'll buy bitcoin every month.
If you are a newbie and/or in your relatively early stages of BTC accumulation, I prefer the idea (and practice) of buying weekly rather than monthly. That way you can stay on top of things and try to be more interactive and aggressive rather than passive.. Yet, hey whatever, it is up to you and if you can figure out how to structure your cashflow/expenses in a way that you are able to buy weekly rather than monthly.
If you have already largely established a decent BTC stash and have the rest of your cash management in a good place, maybe you can slow down your BTC accumulation and merely accumulate BTC monthly rather than weekly.. I suppose it depends on where you are at in terms of how much BTC you have already accumulated in light of your various other personal financial and psychological factors (your 9 individual factors).
It is kind of funny how so many bitcoiners worship that dweeb as some kind of a god (and even frequently reinterpret benevolent or well-intentioned or even 5-D chess meanings into his statements), but on the regular he either says a lot of pretty dumb shit or he is so obviously over-the-top when it comes to his narcissism.
Still, after watching Trump's talk at the Bitcoin Conference 2024, even if only a fraction of what he promised would come to pass I think it would be great for Bitcoin, and as a foreigner and holder that means more to me than other issues. Worst case, all of the promises he made are neglected or outvoted, even the fact that he just showed up at the Bitcoin Conference meant something.I am not against ideas of less hostility towards bitcoin (and/or crypto) to the extent that some lawmakers know the difference.
--- EDIT: Not related to Trump below. ---
Overall, as inflation increases (with the threat of hyperinflation looming) in current fractional reserve banking system, considering the volume of debt and interest involved for many countries, holding Bitcoin might be the only solution for governments to slow down inflation where BTC has the potential to outperform the interest from debt. I don't know exactly how that Bitcoin financial construct would look like in the end, but either way it's the most bullish proposition I can think of at the moment, guaranteed CCMF to the moon! Think "Fort Knox" with Bitcoin.
Overall, as inflation increases (with the threat of hyperinflation looming) in current fractional reserve banking system, considering the volume of debt and interest involved for many countries, holding Bitcoin might be the only solution for governments to slow down inflation where BTC has the potential to outperform the interest from debt. I don't know exactly how that Bitcoin financial construct would look like in the end, but either way it's the most bullish proposition I can think of at the moment, guaranteed CCMF to the moon! Think "Fort Knox" with Bitcoin.
I am also not really opposed to the idea of various governments trying to shore up their treasuries with bitcoin - even though surely bitcoin is also meant to be for the people to be able to transact directly and to hold their value - or at least have various options of financial self-sovereignty, so there can be various ways that governments might end up employing policies that pump our bags yet may still not be so good for our abilities to transact directly with bitcoin... so we have to be careful if we are allowing governments to take over bitcoin and/or to influence the self-sovereignty aspects of bitcoin.
August 03, 2024, 12:01:13 PM
August 03, 2024, 11:01:15 AM
August 03, 2024, 10:32:41 AM
It is kind of funny how so many bitcoiners worship that dweeb as some kind of a god (and even frequently reinterpret benevolent or well-intentioned or even 5-D chess meanings into his statements), but on the regular he either says a lot of pretty dumb shit or he is so obviously over-the-top when it comes to his narcissism.
Still, after watching Trump's talk at the Bitcoin Conference 2024, even if only a fraction of what he promised would come to pass I think it would be great for Bitcoin, and as a foreigner and holder that means more to me than other issues. Worst case, all of the promises he made are neglected or outvoted, even the fact that he just showed up at the Bitcoin Conference meant something.
--- EDIT: Not related to Trump below. ---
Overall, as inflation increases (with the threat of hyperinflation looming) in current fractional reserve banking system, considering the volume of debt and interest involved for many countries, holding Bitcoin might be the only solution for governments to slow down inflation where BTC has the potential to outperform the interest from debt. I don't know exactly how that Bitcoin financial construct would look like in the end, but either way it's the most bullish proposition I can think of at the moment, guaranteed CCMF to the moon! Think "Fort Knox" with Bitcoin.
To inflation has a very simple cause. Human demand keeps growing and all the worlds assets don’t grow.
IE. I was 7 in 1964 there were 2.5 billion people. an equal devision of peopl to earth 🌎 gave each person
1 acre of fresh water 12 acres of land and 36 acres of ocean.
in 2024 there are 8.1 billion people giving under ⅓ acres of fresh water under 4 acres of land and under 12 acres of ocean.
this is the driving force of inflation demand grows like mad and resources are constant.
yeah tech (bitcoin ,computers ) can help use the fixed resources better. but they are not making more earth
That doesn't make sense to me.
If demand grows and supplies are constant we should only have deflation, such as the price for a BTC going up massively.
THUS in theory that deflation should be making any currency more valuable.
So if your parents bought a house for $10,000. Now it should be $1,000 right?
IF there were no other forces in play.
Inflation (= money printing) seems to exist exactly to try to ebb all of that
(and it's probably a scam in many ways - but let's not dwell on that now).
However in many cases that does not work and the balance seems to be impossible to get right.
Either governments inflate too much or too little.
And even if the balance appears to be right (the magical 2% inflation rate you always hear) in many areas other financial, societal and physical instruments
have been invented to make prices go even more crazy for some sectors:
- Red tape with regards to what you could do yesterday but not tomorrow => Now you need a $50,000 dollar EV as an ICE car is not allowed here
- Women can now all work and earn near the same as men so couples can both pay for a mortgage -> Massive increase in house prices
- Cheap debt, you can now get a mortgage 7 times the value of your salary where it used to be 3.
- More access to credit cards and short term loans.
- Mass immigration into certain areas due to the world becoming better connected and everyone seeing the grass is probably greener over there
- Wealthy companies have gained more access to instruments to keep their growth ballooning (have your Iphones made in China), massively
increasing the difference between super rich and the average Chinese Iphone assembly worker. - Petro Dollar has made US very rich per capita but it has had negative effects elsewhere, but the strength of this seems to be reducing
- Much of the technology invented over the last 100 years have meant many changes that have led to inflation:
ease of access of travelling and thus moving between distant countries etc.
That's my take on it any way.
Sure, I agree with some of your assertions that much demand makes prices go boom but I just think there is more to it than just that
(hence my long winded explanation).
We are seeing much of the first world now not actually having enough children to sustain GDP growth (see Japan especially),
so immigration and inflation seem to have been encouraged to try to fix that.
But these are certainly causing other problems that no one thought about much I think.
Personally I reckon there are probably more than enough resources to sustain 15-20 billion people on the planet.
But them all wanting (and allowing them) to live in the same areas is just foolish.
August 03, 2024, 10:23:24 AM
oh another great fix would be only oral sex for five years in a row. worldwide which would lower demand.
Good one.
btc may be the best hedge.
Agreed. CCMF.
August 03, 2024, 10:01:16 AM
August 03, 2024, 09:37:07 AM
It is kind of funny how so many bitcoiners worship that dweeb as some kind of a god (and even frequently reinterpret benevolent or well-intentioned or even 5-D chess meanings into his statements), but on the regular he either says a lot of pretty dumb shit or he is so obviously over-the-top when it comes to his narcissism.
Still, after watching Trump's talk at the Bitcoin Conference 2024, even if only a fraction of what he promised would come to pass I think it would be great for Bitcoin, and as a foreigner and holder that means more to me than other issues. Worst case, all of the promises he made are neglected or outvoted, even the fact that he just showed up at the Bitcoin Conference meant something.
--- EDIT: Not related to Trump below. ---
Overall, as inflation increases (with the threat of hyperinflation looming) in current fractional reserve banking system, considering the volume of debt and interest involved for many countries, holding Bitcoin might be the only solution for governments to slow down inflation where BTC has the potential to outperform the interest from debt. I don't know exactly how that Bitcoin financial construct would look like in the end, but either way it's the most bullish proposition I can think of at the moment, guaranteed CCMF to the moon! Think "Fort Knox" with Bitcoin.
To inflation has a very simple cause. Human demand keeps growing and all the worlds assets don’t grow.
IE. I was 7 in 1964 there were 2.5 billion people. an equal devision of peopl to earth 🌎 gave each person
1 acre of fresh water 12 acres of land and 36 acres of ocean.
in 2024 there are 8.1 billion people giving under ⅓ acres of fresh water under 4 acres of land and under 12 acres of ocean.
this is the driving force of inflation demand grows like mad and resources are constant.
yeah tech (bitcoin ,computers ) can help use the fixed resources better. but they are not making more earth
ie
earth real working space travel could mean more resources.
a dead solid really good pandemic could shrink the population to say 4 billion
those are direct fixes as one lowers demand one raises supply.
Bitcoin or any crypto is a patch not a fix.
oh another great fix would be only oral sex for five years in a row. worldwide which would lower demand.
also it would prove humans actually are more then simple animals.
all my fixes will likely not happen.
the fed will likely crash the economy
trump will likely win if the economy crashes.
trump will likely muddle around for four years.
the dollar will likely suffer.
btc may be the best hedge.
I have four investments
real estate
a bond based 401k
btc
silver.
August 03, 2024, 09:31:51 AM
Please go up Bitcoin.
Some of us have hopes and dreams of extreme opulence.
I’m going to need you to start providing me with plentiful green candles.
Some of us have hopes and dreams of extreme opulence.
I’m going to need you to start providing me with plentiful green candles.
For the benefit of a friend, I would like to hear more about the "extreme opulence" ideas.. Does it involve grapes? and/or whipping cream?
Fine dining and wines, exotic travel, the most divine courtesans and narcotics in the world, fast cars and fast women, properties all over the place.
You know, the stuff we deserve as 10+ year HODLERS.
i can see why el duderino has this guy on ignore.. hes just not in the same league
That is subjective to each person. Some people think having more money = higher probability of a better life. But there are some who think that people with a lot of money are not actually 'rich', rather they are just obsessed collectors of things.
August 03, 2024, 09:01:14 AM
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