You don't get rich with #Bitcoin.
If you are young, healthy, have tradeable skills and a roof over your head, you are rich.
This is subtly taken away everyday by fiat. Then you wake up old, without a family nor friends and likely without wealth.
Bitcoin preserves your wealth.
Telegram: @Rajatsonitrades
Lol "BTC will trade 0"
#Bitcoin didn't even "trade 0" when SPX was at 3500
It's sad to see 160k people being misled
There is no reason to buy stocks and real estate, other than trying to get rich
Would you have listened to Blockbuster if the CEO came out and said Netflix is a scam? Would you have stopped using Netflix?
If you answered no, then you shouldn't be listening to Bank CEOs (Jame Dimon) and investors in legacy markets (Warren Buffett) when they say #Bitcoin    is useless.
DO YOUR OWN RESEARCH.
Bitcoin directly competes with banks and their ability to store your money (eg. checking and savings accounts) and lend money (bank loans).
Bitcoin allows anyone to store value IN THEIR OWN POSSESSION, and is designed to make peer-to-peer lending possible.
It can potentially eliminate a significant chunk of the profits that banks earn.
Apple is a 42-year-old company
#Bitcoin    is 15
Middle-aged companies keep their composure
Teen-aged companies are volatile.
Look at the chart for Apple when it was a teenager:
Looks like leveraged holders down to 66k got liquidated
@bitcoinmunger
has been pretty accurate so far
#Bitcoin
Last time #Bitcoin    was ~69K US Dollars, it was ~93.5K Australian Dollars.
Bitcoin is ~69.5K USD today, but it's 107.2K AUD
Bitcoin's price in AUD increased 14.4%, but it's up less than 1% in USD.
The Australian dollar is being debased MUCH faster than the US Dollar (supply increasing).
Fewer people want to hold AUD over USD (demand decreasing).
The Australian dollar is trending to 0 much faster than the US dollar in terms of Bitcoin.
I'm starting a petition to get
@50cent
to change his name to 50 Sats
Within 10 years:
50 Satoshis > $0.50
#Bitcoin
Leveraged longs rekt
Love to see it
Stop gambling for short-term profits
You will miss out on the long-term revolution
#Bitcoin
Telegram: @Rajatsonitrades
Last time #Bitcoin    was ~69K US Dollars, it was ~85K Canadian Dollars.
Bitcoin is ~69,700 USD today, but it's 95k CAD...
Bitcoin's price in CAD increased 12%, but it's only up 1% in USD.
This is a combination of:
1) The Canadian dollar being debased MUCH faster than the US Dollar (supply increasing)
2) Fewer people wanting to hold CAD over USD (demand decreasing)
The Canadian dollar is trending to 0 much faster than the US dollar in terms of Bitcoin.
"I want to work a job I hate for 40 years. When I finish work for the day, I'm going to watch TV until I fall asleep" - said nobody ever.
And yet, most of society is stuck in this cycle, wondering why they're not happy or fulfilled.
Blackrock's #Bitcoin       ETF, $IBIT, now holds 252,011 BTC, up 1,344 #BTC.
900 BTC are issued per day. Around April 20, this will drop to 450.
Blackrock clients bought ~1.5x the amount of BTC that was produced on Thursday.
Grayscale is going to change this ad soon 🤣🤣
It won't be the biggest #Bitcoin ETF within a few days/weeks if the management fee isn't lowered.
If you don't own #Bitcoin   , you're going to get rekt over the coming years.
I'm not saying this to make you feel bad.
I'm not trying to rub it in that you missed a run-up from 16k to 70k because you didn't study.
I'm saying stocks and real estate will be dumped by institutional investors over the next 20 years in favor of Bitcoin and retail investors will be left as bagholders with millions of dollars of debt.
I don't want you to feel stupid for not spending a few hours learning how this works.
You don't need to put 100% of your portfolio into Bitcoin.
1% will protect you in case the legacy financial system collapses.
If that 1% goes to 0, you get to tell me I was wrong for the rest of my life.
But if I'm not?
And Bitcoin goes where I think it will?
You might be making the best decision of your life by purchasing insurance on a Ponzi scheme that's eventually going to collapse.
Hot take or stupid take?
#Bitcoin was $43K when this was posted
Bitcoin is now $71.1k, up 65% since Feb 7
Why do people who don't understand Bitcoin always comment on it? 🤣
Feel bad for the followers who took this advice and bought real estate instead of looking at Bitcoin seriously.
I think most people don't understand that the price of #Bitcoin    is designed to go up.
Newly issued supply is decreasing by 50% every 4 years.
~19,600,000 #BTC    have already been issued, and only ~1,400,000 more will ever be created.
The total supply is limited to 21,000,000 BTC.
This can never be changed no matter how hard we try and how much energy we put into the system.
Nobody would willingly devalue their own wealth by increasing the total number of BTC that will be mined.
On top of all of this, more people understand what Bitcoin is today than the number of people who understood it 5 years ago.
People are going broke because of inflation in the current financial system.
As they look for solutions, the best one they can find is Bitcoin.
Once they find Bitcoin, they can't get enough.
Is this greed?
I don't think so.
This is the same as making any other investment after deeply researching the topic.
Wouldn't you buy something that you think will go up in value?
Wouldn't you tell your friends and family to buy it?
Most of the people who own Bitcoin don't plan to sell until they can exchange their BTC for goods and services.
80% of coins haven't moved in over a year, even though the people holding them are up almost 200% on their investment.
It almost seems like there's something real here and it's designed to take money out of the hands of central authorities.
But maybe we're all just collectively getting scammed by Satoshi Nakamoto.
Even though Satoshi's 1,000,000 Bitcoin (worth $70 billion) haven't moved in ~15 years and they have no control over the network.
Who knows.
Fiat currencies are a disease that prevents critical thinking
This is not anyone's fault...
It's just how the system is designed and people fall for it
We're told cash flow is best because that's what's worked for generations...
But the scenario has changed over time
Why does everyone talk so highly of cash flow, even though their savings are being debased?
I explained that treasuries would lose ~40% of their purchasing power over 30 years.
How does cash flow solve this?
A digital commodity like #Bitcoin    changes property rights for everyone in the world.
If you hold gold, someone can take it from you.
If you hold stocks, your accounts can be shut down.
If you keep money in a bank account, your savings are being debased regularly.
If you hold real estate, you pay property tax forever.
Bitcoin is the only commodity that you can store IN YOUR BRAIN.
Nobody can take this away from you.
This can give EVERYONE in the world the ability to hold their wealth without relying on a central third party who can take it away from them.
Violence doesn't work on a Bitcoin standard - Bitcoin incentivizes peaceful negotiation.
If someone hurts or kills you and they don't know where you keep your Bitcoin, they can't take your wealth from you.
THINK ABOUT THE POSSIBILITIES.
Anyone can store billions of dollars of wealth IN THEIR BRAIN.
This is already being taken advantage of in countries with corrupt governments.
Digital commodities have NEVER existed before.
Most people still have 0 allocation.
We haven't even seen a fraction of what Bitcoin will do for the world.
It takes 42.2 years to save a down payment for a home in Toronto.
11 years in Ontario.
Imagine saving 42 years to buy 20% of a home.
10 years ago it took 10 and 4.2 years.
Mortgages are just a way to make the rich richer by letting them borrow cheaply from the lower and middle-class
They are excellent for banks and investors but they're terrible for everyone else
If you don't agree with this, explain why younger generations can't afford a home