I went though a similar experience and was devastated. One realization that I had was that they will always be with you, always. This is because half of you (DNA) is literally your mom or your dad.
bitcoin - Monthly Returns
2023 so far:
Jan +40%🟢
Feb + 0.1%🟢
Mar +23% 🟢
Apr +3%🟢
May -7%🔻
Jun +12%🟢
Jul -4%🔻
Aug -5%🔻
YTD +68%🟢
Still got 2 more days for BTC to get back up to green territory for Aug
Let's go🔥
#btcMonthlyReturns
bitcoin Price on This Day
August 29
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Up forever
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bitcoin Price on This Day
August 28
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Up forever
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Happy monday 🍺
I currently have a nice selection of ale to choose from.
Prost!
Bank of Japan - Total Assets and Gov Bond Holdings
August 20, 2023
Total assets of the BOJ and set a new record at 746 trillion yen
Wait there's more!
BOJ bond holdings also set a new record at 594 trillion yen
Double record-breaking disgrace
BOJ prints, buys, prints, buys, prints, buys
And there is no one left to buy
Those who want to decide their own destiny
buy bitcoin
#bojBalanceSheet
bitcoin Price on This Day
August 27
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Up forever
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bitcoin Price on This Day
August 26
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Up forever
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Canceled my evernote subscription that I've had for more than 10 years.
A close to 2x price increase was just too much.
Saved costs will be going straight to you know where.
bitcoin Price on This Day
August 25
Compared to prior year, same day
Up forever
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There we have it. MXNJPY broke 8.725 yesterday, levels not seen in 15 years.
15 years ago, the Peso dropped from 10 yen to 8 yen in a span of a few days during the GFC.
If the MOF and BOJ doesn't start manipulating the markets like they did last year, I expect to see MXNJPY reaching 10 yen in the not so distant future.
MXN has been creaming the other currencies in terms of performance on a risk adjusted basis too.
Are people talking about the Super Peso in the Americas?
I don't see any coverage at all in Tokyo.
bitcoin Price on This Day
August 24
Compared to prior year, same day
Up forever
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Japan Government Bond Yields
Longer time horizen version going back to 1990
There was a time not long ago when interest rates in Japan was meaningful
bitcoin Price on This Day
August 23
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Up forever
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What happens when you increase the money supply by 2x over night?
You'll have 2x the balance in your bank account but the price of everything will go up by 2x so nothing will change.
The idea is to increase output by MORE than what you printed.
Has that been achieved?
Over the course of 40 years, the US has increased its money supply by 14x and Japan by 6.4x.
However GDP (nominal) in the US has only increased by 8.8x and Japan only by a pitiful 2.4x.
Printing money does not change anything, rather, it makes the world less productive.
And in recent years, the increase in output that one gets from printing addtional money continues to decrease.
Look at the third chart (Nostr exclusive!)
The Governments have failed bad.
They can not undue decades of rekt choices.
There is no going back but there is a way to jump this sinking ship.
Get on the Bitcoin standard.
bitcoin Price on This Day
August 22
Compared to prior year, same day
Up forever
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Japan Government Bond Yields
Things getting spicy
10 Year at levels last seen a decade ago
Increase in long term rates has valuation ramnifications all across the board, real estate, equities, long term bonds etc.
Buy bitcoin
MXNJPY update
The Japanese Yen has lost half of its value against the Mexican Peso in just 3 years.
Facinating to see the transition from softer fiat to harder fiat.
If MXNJPY breaks above the 10 year high around 8.7, then 10 yen is in sight.
Contingent on the Japanese government manipulating currency markets (intervention).
