ECB decreasing interest rate by 0.25%...
Earlier this week I read that inflation is up again in the Netherlands. Today they claim inflation is going to be okay.
What they never say is who caused the inflation by printing almost infinite amounts of money.
I would argue inflation is too much demand and finite resources.
Printing of money is an attempt to hide the issue above.
The planet is the same size it was in 1965 when we had 2.7 billion
we have 8.1 billion same resources = the real problem.
solution?
warp drive could be one.
Technological improvements allows for an ability for the planet to support more people in 1965 as compared with 2024... I am not suggesting that the distribution is not sometimes compromised.
Another dynamic is that some of the technological improvements end up creating more value to extract so electricity connection is better all over the world.. and more value comes from certain kinds of technological improvements, yet not everyone is going to concede all technological improvements end up improving quality of life in equal kinds of ways, even including improvements in communications or assertion that finacial systems are not producing value but instead extracting and/or perverting value.
I am not going to claim to know all, many or perhaps even any of the answers, even though I will claim that this here little blue (or some say green) ball of a planet is more capable of supporting more people in part due to various technological improvements and/or innovations, and some of that is ongoing and even deflationary, even though surely broken aspects of monetary systems pervert values and even productive systems.
Of course i want to see Bitcoin pump as fast and as high as possible so i can finally place my order at the Porsche dealer.
Unfortunately, it will not happen anytime soon.
The pumping has already started!
no, this is not pump, its fake pump, real pump coming soon,
When the real pump happens, nobody will be left questioning whether it is or isn’t the real pump. They will just be screaming buy with the most bullish conviction of their lives. When the bullishness gets so ridiculous it is funny, then you will now the time is upon you to sell. When Samson Mow is on MSNBC saying Bitcoin’s price is going up forever, be careful.
it is problematic to approach bitcoin with a trading mindset, and also to be promoting such practices as if you really have the answers to bitcoin in the form of trading it rather than mostly holding it and accumulating it.
Sure there are going to be BTC price waves in bitcoin and probably overshooting in bitcoin is going to continue in both directions, and sure there might be longer term BTC holders who are in a position to sell some BTC on the way up, but truly having accumulated a lot of bitcoin (or even gotten to a place of overaccumulation) is not the situation for the majority of the world's population.. and sometimes, I even question if you are in a position to be fucking around with trading, since if you had established a large enough stash of BTC, you would not be thinking about your BTC stash as a trade.. but hey, whatever, you do you...hopefully not too many people follow your seemingly know it all nonsense that does not even seem to be applicable to newer investors, and maybe not even applicable to BTC investors who are in their first cycle... so hopefully not too many of the newbies sell too many of their BTC too soon because of you (and perhaps you also have been engaged in practices of selling too much of your BTC too soon, which is why you are still seeming to pump BTC trading rather than BTC HODL ideas).
