How fast does news travel today? The speed of light? How fast do Internet memes get around? minutes, hours, days, weeks? Not long at all. How long does it take a viral YouTube video to spread around the world? No time at all. How long does it take for a black swan event to sweep through an already shaky financial system? Does 2008 come to mind?
Now that the US Congress has exposed Libra as a "Shitcoin" and Bitcoin as the "Real Deal" how long before more People, Corporations, Towns, Cities, States and Governments start buying up Bitcoin as a lifeboat for what is to come? Not long in my opinion and I believe it will only accelerate once it starts. Perhaps it started today.
If you evenly divide all of the 21 Million Bitcoins that can ever be mined among the current world population we are only talking about 0.00300000 Bitcoin each. About 300 thousand Satoshi max. And that is ONLY if they are evenly distributed to every human on earth. We know they won't because all of the humans alive 20 years from now don't even exist today. Think about that for a minute. There will be people in the future that can only own Satoshi by working for them. They can't just buy them up today like you can.
So again I say that $1K in 30 minutes is nothing. When the real feeding frenzy starts we may be talking $5K, $10K, $20K, or more overnight. You don't think so? The people in Venezuela probably didn't think so either. Or those in Zimbabwe when their money failed. It is the fate of every fiat currency ever printed. Devalue, hyper-inflate, disappear. Rinse and repeat. So what happens to real money when the fake money fails? It goes to the moon.
The real bag holders, in my opinion, are not the ones left holding Satoshi when the music stops but rather those holding all of their wealth in one of many other fiat currencies around the world. Our money should NOT be based on our ability to work our asses off for 40+ years so we can pay taxes on all the debts our governments rack up in our name and then die broke. It shouldn't be that way. And I will tell you this as sure as you are reading this post, it is not going to happen to me if I have anything at all to say about it! I refuse to be a debt slave of the State. The sooner I can break free the better! And it starts with having an independent supply of real money that is not based on their wasteful spending and other political bullshit!!! I don't mind paying my share for public services, but limitless printing and spending of the fiat on my behalf has got to stop. If there were no fiat currencies in this world there would be no wars because governments would actually have to ask the people if they want to fight each other and pay for it along the way. Their answer would be a resounding NO!
And that, ladies and gentlemen, is my dose of hopium and fomo for the day! :0)
BBS out.
P.S. I know, I know, "hope is not an investments strategy" blah, blah, blah, (insert old sage trading advice here) whatever.
You get my point. Stack those Sats while the sun is still shinning on you.
Now that the US Congress has exposed Libra as a "Shitcoin" and Bitcoin as the "Real Deal" how long before more People, Corporations, Towns, Cities, States and Governments start buying up Bitcoin as a lifeboat for what is to come? Not long in my opinion and I believe it will only accelerate once it starts. Perhaps it started today.
If you evenly divide all of the 21 Million Bitcoins that can ever be mined among the current world population we are only talking about 0.00300000 Bitcoin each. About 300 thousand Satoshi max. And that is ONLY if they are evenly distributed to every human on earth. We know they won't because all of the humans alive 20 years from now don't even exist today. Think about that for a minute. There will be people in the future that can only own Satoshi by working for them. They can't just buy them up today like you can.
So again I say that $1K in 30 minutes is nothing. When the real feeding frenzy starts we may be talking $5K, $10K, $20K, or more overnight. You don't think so? The people in Venezuela probably didn't think so either. Or those in Zimbabwe when their money failed. It is the fate of every fiat currency ever printed. Devalue, hyper-inflate, disappear. Rinse and repeat. So what happens to real money when the fake money fails? It goes to the moon.
The real bag holders, in my opinion, are not the ones left holding Satoshi when the music stops but rather those holding all of their wealth in one of many other fiat currencies around the world. Our money should NOT be based on our ability to work our asses off for 40+ years so we can pay taxes on all the debts our governments rack up in our name and then die broke. It shouldn't be that way. And I will tell you this as sure as you are reading this post, it is not going to happen to me if I have anything at all to say about it! I refuse to be a debt slave of the State. The sooner I can break free the better! And it starts with having an independent supply of real money that is not based on their wasteful spending and other political bullshit!!! I don't mind paying my share for public services, but limitless printing and spending of the fiat on my behalf has got to stop. If there were no fiat currencies in this world there would be no wars because governments would actually have to ask the people if they want to fight each other and pay for it along the way. Their answer would be a resounding NO!
And that, ladies and gentlemen, is my dose of hopium and fomo for the day! :0)
BBS out.
P.S. I know, I know, "hope is not an investments strategy" blah, blah, blah, (insert old sage trading advice here) whatever.
You get my point. Stack those Sats while the sun is still shinning on you.