OK.
You let me know when exchanges stop listing the Bitcoin price in dollars and start listing it in ounces of gold.
When is Weimar type inflation coming to the US? Maybe 3 years, maybe 10, maybe 30.
Washington DC has become very proficient at kicking the can down the road. I remember hearing talk about how the US debt is too high back when it was under a trillion. They said "The US won't be able to function with a trillion dollar debt." And now, here we are, with almost 35 trillion in debt. And the taxpayers are projected to pay $1.2 trillion in interest on the debt this year, and they think it will be $3 trillion in 5 years. So maybe hyperinflation is coming sooner than I think.
But the doom and gloomers have been "crying wolf" for far too long. Maybe this time the wolf really is just outside the door, or maybe it's still one or two decades away.
I am old. I'm lucky if I have 2 decades left in me. Will I see Weimar type inflation in the US in my lifetime? Maybe... But I'm not holding my breath.
If you are in your 20's, 30's, 40's, or even 50's, you need to worry about it a lot more than I do.
At this time, using USD (or some other fiat) is the best way to gauge the value of the Bitcoin you're holding.
Maybe in the future there might be a better way to know it's value.
When people buy Bitcoin, they need to know how much Bitcoin they will get for unit of fiat. I don't know of any exchange that doesn't have the BTC/USD price.
An 18% pullback after a 377% run up hardly seems like something to worry about.
#Bitcoin typically has several 20 to 40% pullbacks during it's big runs up.
It's Wednesday, June 19th and grocery stores, home improvement stores, convenience stores, restaurants, fast food, gas stations, electronics stores, auto repair shops, are all open today.
WHY ARE BANKS CLOSED?
#Bitcoin NEVER closes.
So far, Trump is in the lead with this One Issue Voter.
But a lot can happen between now and November.
#Bitcoin
#Bitcoin
#Bitcoin
Typo corrected.
#Bitcoin
The days of buying #Bitcoin under $100,000 are numbered.
At what price will be your next buy?
Remember the phrase "It's like money in the bank" when something was a sure thing.
No one uses that phrase anymore because the banks have no money!
In March 2020 the reserve requirement for all depositories changed to ZERO percent and hasn't changed since.
#Bitcoin
I used an inflation calculator to find the inflation rate from 2020.
It said that if you bought something in 2020 for $1,200 it would cost $1,453.79 in 2024, which is a 21.1% increase.
So if you multiply $1,200 by 78.9% you get $946.80.
Then I just rounded to $950.
There are many inflation calculators out there. Some give slightly different numbers.
Here's the one I used.
#Bitcoin stands alone as hard money.
Altcoins are just another form of fiat.
Fiat is what we're trying to get away from.
JEPI was the fastest growing ETF reaching $20 million in only 985 days...
Until IBIT (a #Bitcoin ETF) came along and did it in only 137 days.
Probably nothing.
Did you receive a $1,200 stimulus check back in April 2020?
You could have bought 0.13909818 #Bitcoin with that check back then.
Today 0.13909818 Bitcoin is worth $9,737.
The $1,200 from back then has the value of $950 today.
Maybe you should get off zero and buy Bitcoin.
#Bitcoin looks like Hard Money created by proof-of-work with a limited supply on a set schedule that can't be changed.
Ethereum looks a lot like USD... The very thing we're tying to get away from.
Grocery stores, home improvement stores, convenience stores, restaurants, fast food, gas stations, electronics stores, auto repair shops, are all open today (Monday).
WHY ARE BANKS CLOSED?
#Bitcoin NEVER closes.
And there's no way of putting it back in.
#Bitcoin
#Bitcoin
Altcoiners who thought they would make more than just buying and holding #Bitcoin are now signing "Don't Bring Me Down".