80,000 Bitcoin millionaires are wiped out.
(cointelegraph.com)
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Did you read about the multi trillion dollar gold discovery in Uganda? More than doubles the amount of gold in the world.
There will only ever be 21 million bitcoins. It is backed by math. The current bear market is linked to the market cycle relationship to next halving in 2024. About 18 months after each halving event, new highs are reached. The next new high will be 6 figures.
Now is a great time to buy. But you buy shiny rocks and cans of beans. Don’t worry about us man.
Hell, even the Rolexes doubled in price.
But yeah, shiny rocks are way better than a weightless store of value made entirely out of the same stuff as the universe, math, that can be sent across the globe in seconds for pennies with nobody’s permission.
That’s freedom.
The BRICs nations are about to release a commodity-based currency involving Gold. What do you think that will do to the US dollar? Unbacked cryptocurrencies will not be able to compete. They have no intrinsic value. Get out while you still can. People are conditioned to think of value in dollars but the dollar is dying. You either understand or you don't. Enjoy the rest of your weekend.
I don’t own USD. I own BTC for the most part. Gold has just taken an enormous crap.
https://www.miningreview.com/news/uganda-discovers-gold-deposits-worth-12-trillion-usd/
One of us needs to “get out while he still can”. I just keep getting richer and richer every 4 years because of the intrinsic value of math. Shiny rocks are a dime a dozen now. Good luck finding buyers for your rocks.
You don't understand money and you don't understand what is happening geopolitically. Remember this conversation. Remember, I tried to warn you. :(
That’s hilarious. I mentioned I am wealthy, right? I also have lived in 7 countries over the course of my career in FINANCE (Equities, risk management). I speak two languages fluently and 3 more passably. I am pretty sure I have my geopolitical bases covered, and I am quite happy to “not understand money” as long as I have lots and lots of it.
You have been wrong about bitcoin since 2009. That’s 13 years of being wrong.
I figured out the magic in 2013. That’s 9 years of the best returns of any investment this century or last.
How long are you going to stay voluntarily poor? I just told you exactly when it goes to 6 figures again. It always does the same thing.
Next halving is May 2024. 18 months after that, a new all time high will be reached. This time in the 6 figures. Then it drops 90% again (like now). 4 year cycle starts again, very predictably.
You wont do this. You will buy shiny rocks.