2023, Year of the Rabbit for Sinophiles, saw incremental gains by Bitcoin against the dollar following its precipitous fall from grace having reached an all-time high of around $69,000 in November 2021. It’s currently at around $45,000. Some bullish analysts expect it to climb back to, and even exceed, its former pinnacle. Others forecast more modestly optimistic gains. Still others continue to predict its imminent demise, as they have since its inception.
Bitcoin also represents hope, hope that humanity can escape the fate of governments that print money at will to finance wars, pandemics, stupid alt energy products, and a thousand other scams that hurt people.
I've done a lot of so called technical analysis of stocks, futures. what I learned is pretty much no body knows where prices of anything are going. for the average person it is pretty much 50-50% bet. BTC (IMO) is no different than any other traded item. supply, demand, emotion, some manipulation. BTC vs gold? depends on your goals. e.g, if the world's internet goes dark, you are shit out of luck. only physical gold coins seem to be the safe, end of world asset. at least with stocks/bonds there are some roughly correlated metrics like sales, interest rates, earnings, dividends, etc. with gold, BRC it is mainly watching charts of ongoing buying and selling, volume. by no means would I listen to a BTC pundit. there is no way they know anything you don't. if they did, they wouldn't be telling the world, except to front run their clients.
I do not set out to comment solely to be contrarian, but this was top of mind for me because I just posted a comment on Mathew Crawford's SS. I try not to wear a tin foil hat, but I can't help but wonder who's behind crypto.
Economist Richard Werner discussing the origin of Bitcoin:
Here's an example of why I like Werner. He talks about the one time he was invited to Davos as a "Global Leader of Tomorrow," and why he wasn't invited back:
Bitcoin also represents hope, hope that humanity can escape the fate of governments that print money at will to finance wars, pandemics, stupid alt energy products, and a thousand other scams that hurt people.
I've done a lot of so called technical analysis of stocks, futures. what I learned is pretty much no body knows where prices of anything are going. for the average person it is pretty much 50-50% bet. BTC (IMO) is no different than any other traded item. supply, demand, emotion, some manipulation. BTC vs gold? depends on your goals. e.g, if the world's internet goes dark, you are shit out of luck. only physical gold coins seem to be the safe, end of world asset. at least with stocks/bonds there are some roughly correlated metrics like sales, interest rates, earnings, dividends, etc. with gold, BRC it is mainly watching charts of ongoing buying and selling, volume. by no means would I listen to a BTC pundit. there is no way they know anything you don't. if they did, they wouldn't be telling the world, except to front run their clients.
Blue horseshoe loves annacot steel
This is really worrisome! Are these people engaging in wrongdoing without any way to stop them? It appears that way.
- Luc
I do not set out to comment solely to be contrarian, but this was top of mind for me because I just posted a comment on Mathew Crawford's SS. I try not to wear a tin foil hat, but I can't help but wonder who's behind crypto.
Economist Richard Werner discussing the origin of Bitcoin:
https://www.youtube.com/watch?v=_Nh1In4Ns_Y
Mathew Crawford, who has embraced bitcoin, acknowledging the potential that bitcoin was developed by a three-letter agency.
https://roundingtheearth.substack.com/p/mass-migration-as-pivot-and-bootstrapping?utm_source=profile&utm_medium=reader2
you can be a contrarian here all you like
Here's an example of why I like Werner. He talks about the one time he was invited to Davos as a "Global Leader of Tomorrow," and why he wasn't invited back:
https://www.youtube.com/watch?v=TOVUc5tO9Jo