I don't think he has some master plan. He's kinda winging it and seeing what happens.
No one who has thought it through rationally does tariff on, tariff off, tariff on, tariff off.
Returns since March 10, 2021 (exactly 4 years ago):
NVDA - 785%
Gold - 69%
SPX - 48%
BTC - 48%
Savings account with 4% APY - 17%
ETH - 10.5%
elon took it down upon trump's request. too many ppl shitting on the state of the economy right now.
That makes sense!
In addition, politically, it makes sense to burn it down quickly so they can put the blame on Biden. Most of their followers will believe their talking points.
Then fed cuts rates and republicans run up the deficit so the market can rip heading into the midterms.
anyone notice that right around when nostr:nprofile1qyv8wumn8ghj7urjv4kkjatd9ec8y6tdv9kzumn9wsq3vamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet5qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgqgzx3h stopped using all caps and saying good morning, bitcoin price has been plunging?
we need to petition him to bring back the GMs and all caps...
on one hand, i like the humor. but it did make me think, if i were an outsider who saw that their exchange sends them messages like this i could be convinced its a ponzi scheme with big bagholder OGs trying to get newbs to pump their bags.
perhaps we can finally start to move up?
or do we just keep following nasdaq down this week...
we don't know. listen to arguably the best onchain analyst out there (checkmate) and he always says stop citing these "whales bought, whales sold" type things, they're almost always wrong.
no, the numbers on the right do not represent a dollar value. they represent a multiple of the starting value of the "cycle bottom". so as an example, lets say the starting point of the green cycle was $100 (and correspondingly that is the 0 point on the right hand axis), then the maximum of the green line is around 20, which would mean that the cycle went from $100 to $100*20=$2000.
All cycle bottoms start at the value of 0 multiple on the right hand side of the chart. Does that make more sense?
I think it will, just a matter of how long it will take. If that takes 50 years, its not anything like the returns of the last decade
i believe the scale on the right is the multiple achieved that cycle.
fuck it i'm in, buying more
love your bullishness!
i hope you're getting that shit mailed to a PO Box somewhere and not doxxing your address to people/businesses... thats dangerous
shitcoiners gonna shitcoin. he's a hater and waiting until he can start pumping doge coin again
For sure man, and you had the fortune of getting in before the massive moves up and more importantly the fortitude to hold through those crazy ups and downs.
But the reality is that today, if someone invests what you invested back in 2013, they would not get the type of fuck you money returns that you got over the decade.
i think its because number is going down
i have a feeling that doesn't happen in our lifetimes, if ever... governments always debase the currency. did it under a gold standard and a fiat standard and they'll do it if we ever transition to a bitcoin standard (they'll inflate the stablecoins that are allegedly 'linked' to bitcoin)
manufacture it in the USA and it will cost 25k minimum.
do we not understand that with free market capitalism, the companies find the best/cheapest places to manufacture goods?
When you're famous, You can just grab em by the pussy
he was substantially more interested in and excited about the world cup trophy than the purpose of the meeting, bitcoin and crypto. one particular section highlighted how little he knows or cares to know about bitcoin:
"From this day on, America will follow the rule that every Bitcoin knows very well. Never sell your Bitcoin. That’s a little phrase that they have. I don’t know if that’s right or not. Who the hell knows? Who knows? Who knows?"
He is also a dollar maxi, but we already knew that:
"I also want to express my strong support for the efforts of lawmakers in Congress as they work on bills to provide regulatory certainty for dollar-backed stablecoins and the digital assets market. They’re working very hard on that.
This is a tremendous opportunity for economic growth and innovation in our financial sector, and we’ll really go a long way. I think it’s going to be a tremendous — we feel like pioneers in a way, a tremendous method of growth. And things are very much tied, and we want to keep it that way. The U.S. dollar long into the future, we’re going to keep it that way."
After his few minutes of speech, the cabinet members and other guests were all invited to get on their knees and suck his dick for a few minutes each, which they proceeded to do.