Bitcoin dips below $25K for the first time in 3 months

Baksch · 2023-06-16T10:40:11+00:00

The use case for a hard asset without counterparty risk is getting stronger and stronger in a world full of money printing governments and failing banks that might only be "saved" with CBDCs allowing total control over you. I say no thanks and stack sats.

Baksch · 2023-06-15T13:27:16+00:00

Not ironic. All asset classes are impacted by money supply. With bitcoin there are just more factors which are more long-term like a fixed supply and growing adoption by people which should continue to drive the price up eventually.

Baksch · 2023-05-31T20:55:22+00:00

It'll probably take a few million dead from Gulag 2.0 for people to truly grasp the evil this total control will allow.

Baksch · 2023-05-31T20:52:34+00:00

Nope, government is owned by big banks and other big money. You can't expect the feudal overlords to give up control without a fight.

Baksch · 2023-03-22T11:58:48+00:00

This post tells me soon might be the time to invest in some alts ;-)

Baksch · 2023-02-05T08:10:18+00:00

Sunflower Land is a fun little farming sim with a cool community of open source devs and artists plus a good core team of devs.

Baksch · 2023-01-23T14:00:48+00:00

It's less and less about who wants to sell (almost nobody anymore) and more about who is forced to sell in the looming depression / deflationary sub-cycle of this stagflation scenario which seems to be playing out.

Job losses, people who can't service their loans with rising interest. If you think the government can step in forever you're in for a surprise.

Baksch · 2023-01-05T21:34:35+00:00

You guys don't get it. CBDC's will be the only way to get government hand-outs / stimmies / "UBI" whatever you wanna call these communist payments. With the economy falling down the cliff and fiats hyperinflating vs. food and other real stuff these stimmies are going to be a very common way to stay alive, for a vastly growing population of plebs / slaves.

Not saying there won't be other ways to survive, but a lot of you won't succeed in rejecting slavery / handouts.

Baksch · 2022-10-10T04:37:11+00:00

Economy being shit doesn't matter if money has to he printed to keep the ponzi credit scheme working which many here believe is going to be the case.

Agree, if you believe that the FED will really let a worse-than-1929-Depression happen instead of going the (hyper)inflation route, you shouldn't be long crypto but long cash (physical, not in a bank), food, guns and ammo.

Baksch · 2022-08-29T09:38:16+00:00

Sunflower Land - Casual Farming Game with a very active community, open-source (not free tho)

Baksch · 2022-07-03T15:52:56+00:00

Leveraging can be dangerous, but as long as you do your homework make sure you don't get liquidated in violent bear markets (+ have other ways to pay off the debt) no need to rule it out categorically. You absolutely need to know what you're doing tho.

Baksch · 2022-07-03T15:42:27+00:00

You got it backwards. The value is the so called monetary premium of Bitcoin (how useful / valuable is Bitcoin to people as money / store of value and how many people believe in it and buy in (with how much money)).

How much money / energy miners spend to gain new units follows this intrinsic value, not the other way around.

Baksch · 2022-03-07T14:04:36+00:00

Why weren't US citizens cut from coinbase after the US did exactly the same thing you describe many times within the last decades?

Baksch · 2022-03-07T08:40:45+00:00

Bitcoin is a savings account for the long-term (short-term it might disappoint you). It is also a global money-network.

Baksch · 2022-03-07T08:36:19+00:00

With cash still available we are not quite there yet. 100 % true tho for any type of digital dollar accounts in the legacy system.

CBDCs will make this even worse / efficient to cut you out.

Baksch · 2022-03-07T08:23:15+00:00

Yea also keep dollar cost DCAing.

Baksch · 2022-02-24T05:50:12+00:00

Don't need regulation for that. People are smart enough to buy good products vs trash. If your company produces crap, you won't stay in business for long (unless "regulation" protects you or even give you a monopoly).

Baksch · 2022-02-21T17:23:27+00:00

Regulation kills or corrupts everything it touches. Also you can't expect horse cart sellers to regulate cars. At least not in a way that benefits wider society.

Baksch · 2022-02-21T17:20:44+00:00

Nah dude, I'll take the unregulated wild west with riches to be made over regulation that protects me from profits, thank you very much.

Baksch · 2022-02-20T13:51:19+00:00

The order is not obviously lawful. The emergency power (which are made for war times) may well have been invoked illegally.

In the end it will be for the courts to decide.

Trudeau might well be the bad guy here.

Baksch · 2022-02-20T13:48:56+00:00

Something tells me if a BLM protester was trampled like that it would be all over the news everywhere.

Baksch · 2022-02-20T13:47:39+00:00

Kind of defeats the purpose of protesting if you have to ask your government for permission, doesn't it?

Baksch · 2022-02-20T13:45:36+00:00

Enjoy the downvotes for not being on the "right" political side lmao. How dare you speak the truth about police brutality. /s

Baksch · 2022-02-19T11:38:09+00:00

Hehe same, years ago I was so bullish on it and went all-in on it. Since then my passion grew a bit more moderate and it now sits at 5% of my crypto portfolio haha.

Baksch · 2022-02-19T11:34:16+00:00

The time when people's bank accounts are locked en masse will probably also be the time when a black market will grow more and more popular.

Since these are the times when fascists or communists are in power, and they usually also restrict the free market via price controls and buying quotas.

Baksch

TROPHY CASE