Yes, $1400, and amount that will be worth $700, $140, $14 in the coming years as the Government continues to throw money around like it's going out of style and drive inflation all the way to Alpha Centauri.
I made a really stupid comment on Reddit several years ago when Bitcoin was brand new. Someone gave me 0.1 BTC for the comment. Never claimed it. Could have had a $6,300 comment...
Fuck... but who would gamble that? I mean, some people don't need the money and would happily gamble it away just for the thrill. I have stock in MVIS and even when it was 18 cents a share, I wouldn't have gambled 1800 on it, not knowing it would shoot up to 20+ dollars.
Bitcoin is sketchy in its own way. Sure, you could have got rich quick if you could tell the future on an arbitrary system of ones and zeros that some anonymous entity created on a computer so criminals could buy illegal substances. You could have also gotten rich by telling the future and investing in countless other options.
The issue is there is no backing to the currency. There are many who forgot the passwords to their wallets and have no way to gain access to lost fortune. China owns the majority of it so if the world accepts it, they have the majority of buying power. We don't know enough about the creator or what may happen with the currency in the future.
Finally, U.S. currency is basically the same thing, a virtual ledger. The only difference is that it has backing and can be forcibly manipulated. When the government gets desperate enough, they'll ban companies from accepting bitcoin transactions based on issues with taxing, tracking, etc. At that point Bitcoin only has it's initial value from 10 years ago, which is illegal transactions on the dark web. Basically worthless if you're not a criminal or interested in buying things on the black market through strangers on sketchy websites.
This is completely wrong. The backing for the currency is mathematics. It's no different than the encryption we use for e-commerce. If you do any online banking or buying and selling over the internet, then you trust that math enough to risk sending your wealth digitally.
There are many who forgot the passwords to their wallets and have no way to gain access to lost fortune.
You act like that's a bad thing. What this indicates is that only the person with the key can access the crypto. So unlike a bank, which you surely use, you actually possess the wealth yourself and no one but you can spend it (or lose it). If you bought gold and had someone secure it for you, then you are worse off than with this crypto that you could store securely on your own computer.
Finally, U.S. currency is basically the same thing, a virtual ledger. The only difference is that it has backing and can be forcibly manipulated.
The difference is that the US currency is actually backed by nothing but the word of the US government. That's why they can manipulate it and change the amount in circulation at will.
When the government gets desperate enough, they'll ban companies from accepting bitcoin transactions based on issues with taxing, tracking, etc. At that point Bitcoin only has it's initial value from 10 years ago, which is illegal transactions on the dark web. Basically worthless if you're not a criminal or interested in buying things on the black market through strangers on sketchy websites.
Except in reality, when they ban something, the value increases. Sure you won't be able to buy a Tesla with it anymore, but it won't stop people from holding it to protect themselves against inflation.
Yup. DO NOT keep money in the bank! Not savings at least.
With the way democrats want to artificially raise wages and cost of living, your savings will depreciate greatly in value.
I feel bad for those who saved $ their whole lives, just to see the possibility of their savings dip 50% in value over a single idea from Democrays.
As you said, invest in things that gain value along side inflation.
Gold and silver are good in my book. I think real estate is better, because let's say shit hits the fan.
Well, gold isn't too useful if the world fucks itself, is war torn, and all people want is a sack of rice, water, and ammunition.
That's where real estate is good, because EVERYONE needs a place to live!
Ammunition will be better than gold if shit happens.
Hell, those who invested in ammunition the past decade could sell for 5x+ what they paid a few years back!
I'm still buying at these insane prices, as I was not a customer before all this. The riots and mass violence scared me, as it was local to me in NY.
I drove down the street during some of our riots and looting, and saw mass looting first hand about 2 miles from my house.
My town borders a shit hole city. The town police kept out town completely safe and held it down! The city? Nope.
Although, even though we have a shit mayor, she accepted mass help from state police for the next night, and I drove through the city...
It was crazy! The quietest I've ever seen it in summer, quieter than when we have a true snow storm blizzard that's too dangerous to drive in!
Cops everywhere hiding, stationed every half mile with sirens flashing.
Hundreds of businesses blocked with vehicles, big rigs, ect. It was wild to see!
But all of that really showed me how quickly your life can be put in danger by randoms.
I had big Trump flags in front of my house on a busy main road in liberal NY.
Got tonssss of harassment. I took them down for the week during riots, as I didn't want to be an obvious target.
I put em back up afterword.
I even had a BLM cunt come to my house, and march in front back and fourth. Went out to yell at her, call the cops, ect.
She didn't break the law, but fuck that, she's coming to push my buttons.
If civil war happened, that shit would not be tolerated. They do things like this because they aren't afraid of us, and know we are peace loving people, who are not crazy, and will not hurt them for pushing our buttons.
That's what sling shots are for...someone is fucking around in front of your house? Go down the block...pop them with a few stingers...preferrably smooth pebbles as they won't penetrate...then dissapear around the back of the block into your back door.
That's a fact. If it ever becomes every man for himself, it's all about personal strengths. I'm glad we are Conservatives lol, make us much more prepared for a possible future of war torn America.
If you think that the 100000s of other people who are starving won't go out and hunt the same deer you play on hunting won't decimate the deer Population overnight you're crazy.
This is pretty naive honestly. Gold only holds value if people agree that it does, just like money. If there is a totally de valued dollar your crypto will be worth jack too.
Especially in case of an EMP attack or infrastructure breakdown that holds the proof of even holding crypto.
Food will ALWAYS be valuable, because people have to eat.
That said, I'm glad you covered all the other bases before mentioning it.
I wish I could dump it in GME. I just don't trust the market. I'm down 200 bucks on MVIS because the entire market is tanking. Nibkdy has faith in Joe. Meanwhile, China's market is booming.
Yes, $1400, and amount that will be worth $700, $140, $14 in the coming years as the Government continues to throw money around like it's going out of style and drive inflation all the way to Alpha Centauri.
Won't even have the commie dollars to burn, it's all just '0's on a computer.
Name checks out.
Yeah right.
But we can burn all the rope we're NOT using to hang them with.
What if we bundle them all together, like a big bundle of narrow twigs..... What is the name of that again?
https://youtu.be/5AWI_ECKrBc
Bundles of sticks
Commie hard drives to magnet.
You forgot the 1's
But we will have a one world currency with digital certificates. Crypto is their end game.
They already track you. Don't tell me you're new to this.
If you had put your $1800 stimulus in Bitcoin it would currently be worth $10,253
https://twitter.com/bitcoinstimulus
And if you bet it all on 0 on the roulette table it would be $63,000.
Very easy to make good investments in hindsight.
I bought guns & ammo. Win win
I made a really stupid comment on Reddit several years ago when Bitcoin was brand new. Someone gave me 0.1 BTC for the comment. Never claimed it. Could have had a $6,300 comment...
Well we know ETH will guaranteed go to 10k.
XMR baby
Fuck... but who would gamble that? I mean, some people don't need the money and would happily gamble it away just for the thrill. I have stock in MVIS and even when it was 18 cents a share, I wouldn't have gambled 1800 on it, not knowing it would shoot up to 20+ dollars.
If you keep your wealth in dollars you know for a fact the value will go down.
If you put your money in crypto or stocks you at least have a chance of keeping what you own.
This is the story of my trading career. lol
Bitcoin is sketchy in its own way. Sure, you could have got rich quick if you could tell the future on an arbitrary system of ones and zeros that some anonymous entity created on a computer so criminals could buy illegal substances. You could have also gotten rich by telling the future and investing in countless other options.
The issue is there is no backing to the currency. There are many who forgot the passwords to their wallets and have no way to gain access to lost fortune. China owns the majority of it so if the world accepts it, they have the majority of buying power. We don't know enough about the creator or what may happen with the currency in the future.
Finally, U.S. currency is basically the same thing, a virtual ledger. The only difference is that it has backing and can be forcibly manipulated. When the government gets desperate enough, they'll ban companies from accepting bitcoin transactions based on issues with taxing, tracking, etc. At that point Bitcoin only has it's initial value from 10 years ago, which is illegal transactions on the dark web. Basically worthless if you're not a criminal or interested in buying things on the black market through strangers on sketchy websites.
This is completely wrong. The backing for the currency is mathematics. It's no different than the encryption we use for e-commerce. If you do any online banking or buying and selling over the internet, then you trust that math enough to risk sending your wealth digitally.
You act like that's a bad thing. What this indicates is that only the person with the key can access the crypto. So unlike a bank, which you surely use, you actually possess the wealth yourself and no one but you can spend it (or lose it). If you bought gold and had someone secure it for you, then you are worse off than with this crypto that you could store securely on your own computer.
The difference is that the US currency is actually backed by nothing but the word of the US government. That's why they can manipulate it and change the amount in circulation at will.
Except in reality, when they ban something, the value increases. Sure you won't be able to buy a Tesla with it anymore, but it won't stop people from holding it to protect themselves against inflation.
Yup. DO NOT keep money in the bank! Not savings at least.
With the way democrats want to artificially raise wages and cost of living, your savings will depreciate greatly in value.
I feel bad for those who saved $ their whole lives, just to see the possibility of their savings dip 50% in value over a single idea from Democrays.
As you said, invest in things that gain value along side inflation.
Gold and silver are good in my book. I think real estate is better, because let's say shit hits the fan.
Well, gold isn't too useful if the world fucks itself, is war torn, and all people want is a sack of rice, water, and ammunition.
That's where real estate is good, because EVERYONE needs a place to live!
Ammunition will be better than gold if shit happens.
Hell, those who invested in ammunition the past decade could sell for 5x+ what they paid a few years back!
I'm still buying at these insane prices, as I was not a customer before all this. The riots and mass violence scared me, as it was local to me in NY.
I drove down the street during some of our riots and looting, and saw mass looting first hand about 2 miles from my house.
My town borders a shit hole city. The town police kept out town completely safe and held it down! The city? Nope.
Although, even though we have a shit mayor, she accepted mass help from state police for the next night, and I drove through the city...
It was crazy! The quietest I've ever seen it in summer, quieter than when we have a true snow storm blizzard that's too dangerous to drive in!
Cops everywhere hiding, stationed every half mile with sirens flashing.
Hundreds of businesses blocked with vehicles, big rigs, ect. It was wild to see!
But all of that really showed me how quickly your life can be put in danger by randoms.
I had big Trump flags in front of my house on a busy main road in liberal NY.
Got tonssss of harassment. I took them down for the week during riots, as I didn't want to be an obvious target.
I put em back up afterword.
I even had a BLM cunt come to my house, and march in front back and fourth. Went out to yell at her, call the cops, ect.
She didn't break the law, but fuck that, she's coming to push my buttons.
If civil war happened, that shit would not be tolerated. They do things like this because they aren't afraid of us, and know we are peace loving people, who are not crazy, and will not hurt them for pushing our buttons.
Biden straight up said they were looking to “borrow” money from your savings.
I don’t trust any banks with him in charge.
The banks are the ones in charge. He's just the front man.
That's what sling shots are for...someone is fucking around in front of your house? Go down the block...pop them with a few stingers...preferrably smooth pebbles as they won't penetrate...then dissapear around the back of the block into your back door.
Real estate only has value if the government enforces your claim. If all goes to hell, them your claim is only as strong as your weaponry
That's a fact. If it ever becomes every man for himself, it's all about personal strengths. I'm glad we are Conservatives lol, make us much more prepared for a possible future of war torn America.
Not sure you have priorities in ordee
Haha, just saying, basic needs have value in times of need, currency doesn't so much.
can't eat gold. keep that in mind.
If you think that the 100000s of other people who are starving won't go out and hunt the same deer you play on hunting won't decimate the deer Population overnight you're crazy.
This is pretty naive honestly. Gold only holds value if people agree that it does, just like money. If there is a totally de valued dollar your crypto will be worth jack too. Especially in case of an EMP attack or infrastructure breakdown that holds the proof of even holding crypto.
Food will ALWAYS be valuable, because people have to eat.
That said, I'm glad you covered all the other bases before mentioning it.
Ammo is a much better store of value imo.
The ammo shortage isn't getting better. Biden has promised to end online gun and ammo sales.
You can actually use ammo, unlike gold or bitcoin.
Buy golden ammo!
I agree 100%
Or rice and beans. That shit will be just as expensive as gold when everyone is starving to death.
Dump it in GME! I put the last $600 check into AMC and made over 6k on it.
Nice!
I wish I could dump it in GME. I just don't trust the market. I'm down 200 bucks on MVIS because the entire market is tanking. Nibkdy has faith in Joe. Meanwhile, China's market is booming.
Buy Puts, take advantage of the market tanking.
I need to learn more. I don't want to do anything that would end up with me owing more that gains tax.
If you're buying puts now, your already late to the party. Selling overpriced puts while the market is tanking. 1000 iq
I have a feeling march is going to be another December. Just hold and don't check the app for a month.
Check out OCGN as well. Take advantage of the Left’s illogical fear of the virus and $20 billion in vaccine funding.
I bought in on OCGN early on and made a nice chunk of change.
In ten years we wont own anything, and we will like it! So sayeth the Overlords.
https://www.armstrongeconomics.com/world-news/conspiracy/klaus-schwab-says-you-will-own-nothing-in-10-years/#:~:text=Klaus%20Schwab%20is%20the%20new,will%20also%20have%20no%20rights.
Weird that liberal states and or governors are opening right before this bill passes and people get money all at the same time.
Scalpers are going nuts.
We're going to start feeling the shutdown effects as a lot of cash starts chasing fewer goods...
We'll see if it its a quick or slow inflation...
Just drop it all on GME and multiply it