Trump is neither pro Bitcoin nor pro crypto
Every man has a dick. Not every man has a [B]Big Black Dick[/B] like me.
[QUOTE]bitcoin is a crypto but not all crypto is bitcoin[/QUOTE]Bitcoin is a unique crypto digital commodity that is scarce.
[QUOTE]A lot of people got taken with cryptos that were not BTC.[/QUOTE][B]False! [/B]Statement is imprecise. Author needs to quote a source for proof.
[QUOTE]It is easy to con people with a crypto scheme because of the lack of regulation.[/QUOTE][B]False![/B] The OP needs to quote a source for proof. Because he has dumb ass friends that invested in a [I]pig in a poke[/I] crypto on line does not mean it is easy. Perform due diligence. People goto jail everyday for violating of the law involving regulated products. They get fined and banned from the industry.
The problem is not lack of regulation. The problem is the current mother fucker who is the SEC Chair. He has used the SEC to play fuck fuck gotcha games with the crypto industry in general. He is a mother fucking industry insider that has used the SEC to slow down grown so his investment banking friends could catch up.
They don't want you to own your Bitcoin. [B]Fuck dat shit![/B].
[QUOTE]On top of that, there is no FDIC so you may be holding your BTC in a company that goes under and you lose it.[/QUOTE]Only a individual who does not understand Bitcoin would do this. [B]Not your keys. Not your bitcoin[/B].
[QUOTE]Then there are the physical issues with BTC and phones.[/QUOTE]This is the stupidest thing I have read about BTC in my life. BTC is not physical.
[QUOTE]People have their phones hacked, stolen, or lose them.[/QUOTE]No one has ever been robed of cash or lost it?
Bitcoin is a digital assest. Only the dumbest of the dumb mother fuckers who have done absolutely no research get phone hacked. I don't carry more cash on my person than I need for transactions. Why would you have anymore Bitcoin on your phone than you need for transactions? Bitcoin is a digital bearer instrument.
[QUOTE]So a smart person has to consider the risk and the benefit.[/QUOTE]I don't recommend that anyone buy BTC. I always recommend that people educate themselves about BTC first.
Read: [I]The Bitcoin Standard[/I].
But my personal experience is similar to this:
[QUOTE=Tiny12;2951039]Normally deflation is a bad thing. But not here. If I had to take a wild guess, I'd say you may have paid an average of about $10,000 for BTC. And in your world, as a bitcoin based investor, housing prices have deflated about 75% since 2019. That is, a house that might have cost you 40 BTC in 2019 might cost 10 BTC today.[/QUOTE][B]Tiny 12[/B] understand the general idea and he also knows how to handle a stable coins that are not Bitcoin. Stable coins frighten the USGOV so much they are trying to outlaw them.
[QUOTE]The other issue I have is people think it is a safe haven from the world going to shit, and it really is not. [/QUOTE]Bitcoin is not for everyone.
[QUOTE=Tiny12;2951039][b]Good call SubCmdr[/b], I wish I'd been as prescient.[/QUOTE][B]SHTF[/B] thinking involves much more than money. How are you going to eat? Where are you going to get water? How you going to protect yourself?
[I]Guns, lots of guns[/I] -[B]John Wick[/B].
Where are you going to find safe physical haven? How are you going generate electricity? Where are you going to get access to the internet in order to access your magic internet coins? Most people do not even have a bug out bag. Their back up plan is to keep lots of toilet paper on hand.
[QUOTE]If you look at market crashes, BTC crashes too whereas if you are short, your investment will go up in value.[/QUOTE]Last time I checked, my brokerage account does not provide me with any protection from market forces.
The author is saying they can time the market. If I could do that I would be sitting on my yacht someplace chilling with five or six naked girls. Bikini and heels to get onto the boat. Naked in flip flops when we are out to sea.
If you think BTC is going to go down you can sell it like any other investment. Try selling your real estate investments by clicking a button on your phone.
[B]Has anyone up in here heard of a futures contract?[/B] You can short BTC on leverage. Holla!
Personally, If I owned any Bitcoin, I would never sell it. If I owned any Bitcoin and I was concerned about the value I would sell enough of it to get my initial value out of it then just let it ride. Or I would take a short futures position highly leveraged and mother fucking get PAID during the crash. That is, of course, if I could time the market perfectly. [B]LOL![/B].
None of this should be considered financial advice. I do not give financial advice as I am just the common ordinary [B]International Trick[/B]. I do not take financial advice from [B]International Tricks[/B]. If I did, I would not be able to be one.
[B]Stack Sats![/B]
Then you must love this, too
[QUOTE=Tiny12;2951457]Summers played a big part in designing the post-2008 stimulus packages, and regrets they weren't larger. However, he believes the fiscal stimulus provided by the American Rescue Plan was way overdone. He was Secretary of the Treasury. He's a partisan Democrat. I don't always agree with him, but take his word on this issue.[/QUOTE][B]Summers Says Trump Tax Ideas Mean Mother of All Stagflations.
Former Treasury secretary warns of 10% mortgage rates.
Summers urges GOP-leaning economists, executives to speak up.[/B]
[URL]https://www.bloomberg.com/news/articles/2024-06-14/summers-says-trump-tax-ideas-mean-mother-of-all-stagflations[/URL]
[B]Summers Urges CEOs to Reject Trump, Calling Election Most Vital Since WWII.
Former Treasury chief sees foundation of US business at stake.
Summers warns on parallels with Mussolini, Argentinas Pern.[/B]
[URL]https://www.bloomberg.com/news/articles/2024-01-05/summers-urges-ceos-to-reject-trump-in-most-vital-vote-since-wwii[/URL]
If you accept that Summers' assessment, surely you will not vote in any Bothsider / Neithersider way that could possibly contribute to a Trump election victory, right?
Desantis just kicked Kamala's ass
This was Ron Desantis' response when he refused to take the phone calls of Kamala Harris and she called him selfish.
[URL]https://thehill.com/homenews/state-watch/4921329-desantis-accuses-harris-political-gamesmanship/[/URL]
DeSantis said in a Fox News interview Monday evening that he is "leveraging all resources available, including from the federal government" to prepare for Hurricane Milton's expected landfall Wednesday evening, adding that he has been in touch with both President Biden and Federal Emergency Management Agency officials in preparation.
"And so for Kamala Harris to try to say that my sole focus on the people of Florida is somehow selfish, is delusional," DeSantis said.
"She has no role in this. In fact, she's been vice president for three and a half years. I've dealt with a number of storms under this administration. She has never contributed anything to any of these efforts, and so what I think is selfish is her trying to blunder into this," he continued.
Harris had been asked earlier Monday about reporting that DeSantis was not taking her calls on hurricanes and providing resources.
"People are in desperate need of support right now, and playing political games at this moment, in these crisis situations these are the height of emergency situations it's utterly irreconcilable, and it is selfish, and it is about political gamesmanship instead of doing the job that you took an oath to do, which is to put the people first," Harris told reporters in a clip Fox anchor Sean Hannity played in his Monday night broadcast.
So not only did Desantis just kick Harris in the ass, she is so stupid she provoked him to do so. And yeah, this once in a lifetime storm headed to Florida is not important. Her getting elected is all that should matter. It also showed how desperate she is to appear good in a crisis after she and this administration botched Helene. Unless something else dramatic happens, the election is over.
And Biden actually cancelled a trip to help out. The sad part is I am more comfortable with a demented Biden as president than a not demented Harris.