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It’s not gonna happen overnight. Like I said Bitcoin always becomes over valued in bull markets and under valued in bear markets. Best to sell when it’s overvalued even if it’s to crappy fiat for a short time frame.

Jason the Original 2y ago

You think it's not going to happen over night because it hasn't happened to your native currency in your lifetime.

It has happened to many FIAT over night. Ask USSR. Ask Weimer Republic. Hundreds of other people's in history when their money died. Was it a nice orderly stroll to the exists?

It will be like yelling fire in a crowded theater and the theater is on fire.

You ain't buying back in on the dip.

"There are decades where nothing happens; and there are weeks where decades happen"--Vladimir Ilyich Lenin

https://www.npr.org/transcripts/1090312774

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Discussion

BTChodl 2y ago

It’s really not gonna happen overnight it will be pretty easily predictable like what happened in Zimbabwe.

USSR is an exception they geo political things happening that’s why that occurred. The states are trying to disband from each other like what happened with the USSR collapse.

Jason the Original 2y ago

We have 186 banks in worse shape than SVB was a month ago.

Yellan, on Friday, said they will insure all deposits in banks with systematic risk if they collapse. If you are a business or individual with over 250k in a small bank (not one of the big 3-5) you are an idiot if you don't pull it at 9am Monday morning.

That could cause a domino effect of banks going bust. We could loose 50 banks by Wednesday.

If you don't see that as "it coming" you aren't going to see "it coming".

BTChodl 2y ago

Yeah it’s always excuses with every bear/bull market yet Bitcoin still continues the same trajectory it always has. All that external stuff is just noise, I follow the trend not the noise.

Jason the Original 2y ago

You do you boo.

You're going to get caught with your hand in the cookie jar (your strategy makes that inevitable) and I don't really know for what reason.

You must not fully comprehend where BTC is going.

The risk of being caught on the outside looking in is catastrophic. The reward you make by trying to time something you think is cast in stone because it happened "FOUR" times will be minimal.

BTChodl 2y ago

I comprehend where Bitcoin is going I’m just also realistic about where it is going short term.

Y’all are a bit too bullish and it’s delusional in the least offensive way.

People like you guys are why we get overvalued during bull markets and Bitcoin haters are why we get undervalued to during bear markets. I just try to be realistic and base my predictions on that.

Jason the Original 2y ago

I just buy. All day every day.

I'm not too bullish.

All FIAT dies. As they do their value will be absorbed into BTC.

It is happening very slowly now. We will pick up momentum at some point and then slow again as the final few fiat die.

We are essentially at less than 1% right now. A hand full of companies and one country.

It will be all companies, all countries, all people.

You're going to try to time sometimes before blast off and regret it the rest of your life.

People are realizing BTC is the solution. As we have become digitized these finacial collapses spread faster and wider than ever before. You will be crying wondering why you didn't see it coming. I had X amount of BTC and could have done anything with that wealth but what? I thought I could trade and add another 20% to my stack? 😆