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https://www.tradingview.com/chart/?symbol=CRYPTO%3ABTCUSD

But now I'm wondering if embracing accelerationism might be the fastest way to end this civilization and give us the reset we so desperately need. If so, bitcoin and AI would be the way to go.

On the other hand, chances are high it will only end civilization for the common people.

I know they didn't maintain most buildings and were trying to remove the capital from the infrastructure that way. Is that the cause of all this? The buildings are not good after other people get them and so they basically don't exist, thereby driving up scarcity?

Bitcoin just hit 63,800. In all the years I've been looking at this we've never had this much of a price peak before the having event. Which is not until the end of april. I can only imagine that it's all the pressure that the hundreds of millions of dollars that the ETFs are suddenly putting into Bitcoin that is causing this extraordinary movement

Two months ago I pointed out that Bitcoin was going through a halvening cycle and ETFs were getting approved which was guaranteed to increase demand as new supply was cut in half so it was a mathematical certainty price would go up. It was at 43,000 then. It's 57,000 now.

The halvening is end of April.


https://www.voat.xyz/viewpost?postid=6571fa8e2e247

it's been going up 5% to 10% every week. The ETFs which are run by the major investment houses and constitute a huge new amount of money that will be interested in buying Bitcoin have been steadily buying Bitcoin and they have nearly exhausted the supply that was available from-new mining sources. In other words the Bitcoin that we're laying around in other investment pools. They've pretty much bought all those up now. That means the pressure is really going to be on.


This website with its graph shows how ETFs have been gobbling up the new supplies in the old supplies of Bitcoin so fast since they were approved a couple of months ago https://heyapollo.com/bitcoin-etf

Even without the ETFs traditionally every four years during the se halving cycles as the price goes up the media begins to cover how Bitcoin is back and then it gets ranked as the best performing investments of the last quarter then of the last year then Joe consumer reads about that and decides they need to buy into Bitcoin then they have stories about kids being millionaires from buying bitcoin. Then people start mortgaging their houses to buy Bitcoin which usually ends up being the top of the cycle. Usually the top of the cycle is between 4 and 10 times with the previous high was at the last four year cycle. The previous high was about 60,000 3 1/2 years ago. Now we don't know what the effect of the ETF huge new demand will be on that cycle but it is a new source of demand so mathematically it puts higher pressure on the price. How it will affect the peak as well as the fall which typically happens after the peak but it never goes lower then it's previous high. Well we just don't know. At this moment February 27th Bitcoin is $57,000 2 months ago it was $43,000.

A reminder you do not have to buy a whole bitcoin. You can put his little as $100 or any amount into bitcoin. You can do it through any number of exchanges such as Gemini by Nance coinbase and many others. You do need to set up an account with them which usually takes a day or two or three to get cleared. You could also buy Bitcoin through Bitcoin ATMs which are located in many cities in the country. Bitcoin ATM is looks exactly like a little third party ATM you would see in a 7-Eleven or other type store. Be prepared they do require that you show ID like a license to get cleared to use the atm. This is because there are money exchanger and they have to be registered in the United States and they must be able to report your transactions to the IRS just like your stock brokerage account does. This is not wrong that they do this it's not a sign that they're going to scam you. It's a legal requirement.

Bitcoin is now been around for over 10 years. We've heard all the stories about how it's a scam how they were going to outlaw it how China was going to make it go away how it was used for criminal activity how all these other things meanwhile the big Jewish bankers that were getting run around by this because it was escaping the Federal reserve system more secretly setting up means to buy as much as they could. Because it's been the greatest transfer of wealth in the history of the country for truly low income low wealth people who got in early. We're probably nowhere near the final high of Bitcoin since pension funds and other things have just started investing in it and it's highly likely that every pension fund and investment fund in the world will need to own a good percentage of their funds in Bitcoin because without it they will not perform well and their customers will demand it. The last high price for the last cycle of Bitcoin was $60,000. We're just now approaching that so that's really the starting point. Usually the next high is between 4:00 and 10 times the previous high.

Typically after the news media and everybody is covered in and every person who wants to get in at the last minute at the height of the the cycle starts mortgaging their home to throw it into Bitcoin that's typically the peak. After the it typically falls. You don't want to buy at the peak. You can't buy at the bottom because the bottom happened at 15,000. We're now at 57,000.

If you don't really understand Bitcoin I want to get into financial analysis of it I recommend looking for YouTube videos with a guy named Michael saylor Or Max Keiser. They've been talking about it for years they've been invested in it for years they understand the distributions of assets that the world has and what draws large investments to different investment assets and they understand the concepts of scarcity and money transfer and all the other aspects of this and they will give you a good Financial and money philosophy background in what Bitcoin is as money and why it's better than other forms of money and why it's better than gold and other kinds of limited scarcity reserves that people typically have run to.

The following is a logarithmic price chart of Bitcoin with the halvening cycles marked
Please note this is a logarithmic price scale with the prices on the right hand side. This means every little tick mark is a 10x increase in price. It is not a linear increase in price it is a 10x increase in price.
https://bitcoinblockhalf.com/images/bitcoin-halving-chart.png

The following article explains what it is
https://bitcoinblockhalf.com


One good thing about Bitcoin is it is not dependent on earnings of a company or management of a company. It exists and grows in investment value because it's a scarce resource that no one can hack. Even the supply of gold can be increased as its price goes up. As the price of gold goes up more gold miners go out and it's profitable for them to mine more gold. This does not happen in bitcoin. In Bitcoin every 4 years the new supply mathematically programmatically and unhackably is reduced by half. This is why Bitcoin has outperformed gold as a scarcity reserve of wealth by thousands and thousands of times.


Don't think you've quote missed it. Don't think if only I had gotten in early. It's still very early. People who bought Bitcoin at one penny so sold at a dollar because they thought that was maybe the top. People who bought five at $5 sold it $50 or $100 because they thought maybe that was the top. People who bought it 100 sold it a thousand because they thought oh surely that's the top it won't go higher than an ounce of gold. Then Bitcoin easily sell past the price of an ounce of gold. In Bitcoin went to $10,000 and some people sold. Then it went to 20 and people sold. Then it went to 60 and people sold. Listen Bitcoin hasn't even approached the total market cap of gold yet and gold is a relatively minor investment pool in the big money scheme of the world. If Bitcoin just equals gold in market cap one Bitcoin will be over $300,000 each. Most people who've studied it expect Bitcoin to far exceed the market cap of gold. They expect every major pension fund and every other asset allocation fund to own a substantial percentage of their assets as Bitcoin as the true scarce resource that's infinitely tradable in the world. If that happens this means Bitcoin will be over a million dollars and there have been large investment advisors saying that in 30 years it may be worth a billion dollars. So do yourself a favor and if you've got $10 or $100 or something throw some in there. But don't buy it and then jump around every time the price jumps around and get scared and sell it and don't mortgage your house to buy it and don't go into debt to buy it. Bitcoin does go up and down but it always goes up up up up and then it only goes down partly of what it's gone up. That's been the history anyway

Now here's the normal disclaimer this is not Financial advice I can't read the future no one can something could happen that could cause Bitcoin to crash to absolute zero but it hasn't happened in the last 10 years and certainly people have tried and every major bank and every major finance Company Black Rock everybody else is all investing in it now so hey you know the world could end tomorrow too. A meteor could hit and everything could die. Yep of course that's true. Make your own Financial decisions.

When I hear people say bitcoins a scam and all these things that just reminds me of this redditor.

There was a redditor who was on all the cryptocurrency forums and this was before Bitcoin went over the price of 1 oz of gold. And he was telling everybody that Bitcoin was a scam and it was a Ponzi scheme and it was going to collapse any day and on and on and on.

And he was prolific he was everywhere every time anybody posted anything and explain what Bitcoin was he was there with his Ponzi scheme speech and saying how it was going to collapse and everything

Well guess what. Turned out this guy used to have something like a thousand bitcoins that he had gotten when they were under a penny each.

And when they went to something like 10 cents or a dollar he sold them all because he thought he had gotten away with something and it was all going to collapse and that was the end and you know he probably got a couple of video games with it and maybe a PlayStation 2.

Well of course even at that point when Bitcoin was still under $1,000 he realized that he had basically blown the biggest lottery ticket he was probably ever going to win in life.

and if you can imagine how that would feel. The psychic break it would cause.

To him in order to not admit that he had made possibly the biggest mistake of his life he had to believe and hope that Bitcoin was going to collapse. Because if it did collapse even if it collapsed at $10,000 a Bitcoin and he could have made a lot more money he would have felt justified that he did not make the biggest mistake of his life when he sold Bitcoin for a dollar or whatever the hell he sold it for.

It would sort of be like if you dug through your old laundry and you found the winning lotto ticket for $100 million but you found it one day too late after the expiration period to redeem it. That's how this guy must have felt.

And so whenever I see these people that pop up whenever there's a positive story about Bitcoin and they'll download it furiously and they'll talk about how it's a Ponzi scheme or how it's all a Jew trick or that the CIA fixed it all or that the massage is going to take it all over it's just one day away from Total collapse or it's all a Ponzi scheme I always think yeah they're the guy that either had some and sold it all and ruined their chance or they just been too scared and they've missed the boat and they feel like they've missed the boat.

And actually the good news for them is that even if they did screw up in the past and they sold way too early or even if they did miss the boat and not buy when they could have bought 5 or 10 years ago when they first heard about Bitcoin but they were too scared the fact is no one has missed the boat. Because you can still invest $100 or $1,000 or $10 and the likelihood is if all you can afford to invest is $10 the likelihood is in five or 10 years you invested in Bitcoin is going to be worth more than all the other savings and investments that you will possibly make. That's what's happened to anybody who invested in Bitcoin even if they invested a small amount in Bitcoin over the past five or 10 years. And Bitcoin is probably nowhere near the top. Heck it just became an official investment vehicle through ETFs 2 months ago. So rather than complain and say it's a Ponzi scheme and feel like they've made the tragic mistake of selling too soon which maybe they did they can still incredibly improve their lives with a likely purchase of some bitcoin.

So you know that just is relating a story that I know to put into perspective these people who pop into the groups and say it's a Ponzi scheme or come up with some other outlandish explanation you know which hasn't held up for past 10 years but they still think it's going to hold up tomorrow and perhaps it's a message of Hope for those people that they really haven't missed the boat and it's not too late and if they did make a mistake or they feel like they missed the boat they can still put something in there and in all likelihood it will grow to be their best investment and if they can't put a lot in there and it doesn't grow to be their best investment well you know at least they haven't lost a lot of money.

https://www.youtube.com/watch?v=ChdsEahkxyA

Patrick-Bet David may sound like a fast talking hustler, yet he has good knowledge & insight on scammers, fraudsters & overall bullshitters.

I’m going to need to set up a credit card for my small business soon. I’m on the road too much and don’t feel comfortable debiting misc purchases from my biz bank account. Is there a credit card you niggers recommend? is there a credit card that is less jewy than the rest? am i a cucked goy faggot for even asking this?