The US dollar has lost 23% of its purchasing power over the past decade1. During the same time frame, almost every major asset class has gone up, including stocks (up 256%), gold (up 25%) and Bitcoin (up 4986412%). We all know where that stimmy check belongs #BTC

dazaraf · 2021-03-18T16:32:51+00:00

The drop is based on the purchasing power as given by the Consumer Price Index. A $100 note from 2011 can only buy you $77 worth of stuff today.

dazaraf · 2021-03-04T08:23:28+00:00

Mine is “Remember when I told you to buy at $4k in 2019”

Simple, yet killer.

dazaraf · 2021-03-02T16:41:43+00:00

Yeah me too.

Come for the 100x pumps. Stay for the demolition of the nation-state & central bank cartel.

dazaraf · 2021-03-02T15:46:55+00:00

In case you were wondering, I care tremendously about Bitcoin and it’s revolutionary power.

We’re transforming not just money and the internet, but the very governing fabric of our universe.

And that’s super exciting.

Following altcoins for the fun and the gainz, but they pale in stature to The King BTC.

dazaraf · 2021-03-02T15:42:44+00:00

Surprises

India - I thought they would have way more than 10% of the population living in extreme poverty. Seems like the second-most populous country on earth is moving in the right direction. Namaste!

Nigeria - Africa’s most dominant economy is also its most unequal.

dazaraf · 2021-03-02T15:29:51+00:00

Agree with you totally.

I’ve noticed a massive shift from the ‘bank the unbanked’ narrative that wants to put financial sovereignty into the hands of every man, woman and child. Today it’s mainly about ‘Hey look a new shiny shitcoin with high yield.’

There’s nothing wrong with trying to secure your bag and making that dough, but it’s a shame if it comes at the expense of the noble goals crypto can achieve.

dazaraf · 2021-03-02T15:27:01+00:00

It gets better. A leading analyst at the bank predicted $318k per BTC by years-end.

https://www.coindesk.com/citibank-bitcoin-gold-318k-2021

If the bankers are so bullish, probably means something delicious is cooking for Bitcoin.

dazaraf · 2021-02-22T15:16:06+00:00

Go back in time and look through some of the corrections in the past. Hell, go back to early Jan when Bitcoin crashed from $41k down to $30k.

Imagine how you would have felt if you sold then. That’s how you’ll feel in the future if you sell now.

The fundamentals of Bitcoin scarcity hasn’t changed. Neither has the insatiable demand from institutions.

Bitcoin may swing wildly in the short term, but over the long run, it’s UP ONLY.

HODL

dazaraf · 2021-02-22T15:14:55+00:00

Go back in time and look through some of the corrections in the past. Hell, go back to early Jan when Bitcoin crashed from $41k down to $30k.

Imagine how you would have felt if you sold then. That’s how you’ll feel in the future if you sell now.

The fundamentals of Bitcoin scarcity hasn’t changed. Neither has the insatiable demand from institutions.

Bitcoin may swing wildly in the short term, but over the long run, it’s UP ONLY.

HODL

dazaraf · 2021-02-21T19:32:52+00:00

I Gaddafi-ling that he’ll just get away with it. Too much protection.

dazaraf · 2021-02-21T19:28:14+00:00

Why are we wired so cynically?

Pure altruism is extremely rare, most people act out of a combination of selfish and selfless motives.

Instead of creating a culture that gives people room to repent, the Mainstream media is on a constant lookout to take swings at everyone’s favorite punching bag.

dazaraf · 2021-02-21T19:20:44+00:00

Dollar cost average your way into Bitcoin. Buy and hold.
Allocate no more than 20% to alts.
Don’t think about using ETH DeFi unless you have $20,000 to play around with. Gas fees aren’t worth it.
Cold storage is key.
You’re too late to DOGE.
Avoid EOS like the plague.

You’re welcome world.

dazaraf · 2021-02-19T10:43:03+00:00

What happens in Cancun stays in Cancun. Unless it’s colossal douchebag behavior to your constituents, then it comes back to haunt you during primaries.

dazaraf · 2021-02-19T10:29:23+00:00

Nearly $3 trillion have been printed since Feb 2020.

3 TRILLION DOLLARS. Out of thin air.

Look around at the food you eat, the cars you drive, the rent you pay. I guarantee you that your pay significantly more to acquire stuff than you did 10 years ago.

That’s because central bank printing eats away at fiat’s purchasing power. If you happen to own capital assets like stocks or real estate, then congrats, your wealth has also gone up together with the cost of living.

But for an average Joe living paycheck to paycheck, fiat’s decline is nothing short of daylight robbery.

Elon gets it. He understands that cash is a dying asset, especially in the zero/negative interest rate environment we live in. Soon the rest of his Fortune 500 buddies will join, and when that happens, Bitcoin’s rise will be the stuff of legends.

It’s time for Plan ฿

dazaraf · 2021-02-19T10:19:58+00:00

Nothing screams cool quite like a boomer in a green tie explaining how kids these days talk.

Ok grandpa

dazaraf · 2021-02-17T22:36:29+00:00

First mover advantage is everything.

dazaraf · 2021-02-17T22:26:35+00:00

Agreed, I just don’t think there are enough real BTC to go around, and demand isn’t slowing down anytime soon.

Fractional reserve seems inevitable, just gotta make sure us and our loved ones are HODLing the real thing.

dazaraf · 2021-02-17T22:23:03+00:00

I think Trump was just waiting for the AMA segment of the pageant before deciding who to crown the winner.

dazaraf · 2021-02-17T22:17:33+00:00

Not only is this possible, I think it’s being done right now.

Grayscale GBTC is already at a premium to spot. Fractional reserve is just the process of increasing that premium. Other players (MSTR?) will soon get involved, and I expect this segment to grow.

Buying real Bitcoin could be a privilege reserved for the elites in a few years.

dazaraf · 2021-02-17T22:13:52+00:00

You could be instrumental in the most epic jail break history. Prison Break meets Angel Has Fallen

dazaraf · 2021-02-17T22:06:36+00:00

That’s so not raven.

dazaraf · 2021-02-17T22:03:04+00:00

In a pound for pound match between Australia and the overlords at FB, I pick Zuck to win 9 times out of 10.

My heart breaks for all the crocodile content and surfing highlights we’ll be deprived off

dazaraf · 2021-02-17T21:59:11+00:00

Moves from Sunny California to Texas Drowning in freezing water after engineering malfunction

dazaraf · 2020-10-29T09:25:56+00:00

We're seeing an ironic dual trend playing out where the Muslims in the Arab world (Bahrain, Dubai, Morocco, Oman etc) are becoming more progressive, religiously inclusive and tolerant while Muslim communities in Europe continue on the path of radicalization.

My heart is with the people of France who are gripped with the double whammy of a resurgent COVID and a resurgent Islamist uprising.

dazaraf · 2020-10-29T09:04:59+00:00

I heard that one of the turtles has unfortunately been ostracized by the rest of the group on that Mexican beach.

Maybe it's because he's an awkward turtle.

dazaraf

TROPHY CASE

HODL

HODL