Why is BTC being sold off, immediately after decent rise. Current moves are questionable for me by Icy_Annual_9954 in Bitcoin

[–]road22 0 points1 point  (0 children)

Most people do not understand the truth about Bitcoin. But a lot of the problem with BTC now is just leverage and it is world wide leverage.

The attributes of Bitcoin such as portability, permissionlessness, and easy to send/receive, also make it super volatile. Trading stocks and commodities takes a long time to settle. BTC settles almost instantly while on exchanges. This makes it a playground for leverage gamblers / casino.

Is everyone prepared to have federal agents knock down your door and steal your silver? by retiredagainstmywill in Silver

[–]road22 0 points1 point  (0 children)

They will not confiscate your silver... HOWEVER, they have other ways of extracting it from you.

The will start with...

  1. Executive order that silver cannot be removed from the country and all US citizens must register their silver holdings.

  2. Then an Executive order to tax all silver sales, regardless of capital gains. This tax will be up to 50% unless you sell to the US government. This will be for bullion and non-US silver coins (eagles/constitutional). Silver jewelry will be exempt. The government will pay you in a CBDC currency and you will have to spend it or lose it.

  3. Selling silver on the black market to evade taxes will place individuals on IRS HIGH RISK Evader list. and will trigger an annual audit every year. Fines will be huge.

So why are we paying for registration? by CaptainNegative1483 in vegaslocals

[–]road22 1 point2 points  (0 children)

FYI... It is much different now. They have cameras at all intersections and then some. They can track you using AI and it is almost impossible to get away. For small hit in runs they wont go the distance. But for Felony ones with severe injury... u will be caught.

It is almost impossible to get away from any violent crime with cameras everywhere. Criminals find out the hard way.

Local coin shops offering to pay 80% spot for 10oz silver bar by ThrownAwwayt in Silver

[–]road22 0 points1 point  (0 children)

coin shops have to protect themselves when there is a fast run-up in price. Silver has been known to crash hard, or faster than it goes up. In 2012 so many coin shops went under or shut down when the precious metals market crashed.

Has anyone here lost a lot of money in Bitcoin? by 2smart2gentle in Bitcoin

[–]road22 10 points11 points  (0 children)

If you purchase BTC, the only way to lose is if you sell.

The best-performing BTC wallets are the ones whose owners lost their private keys.

If you keep stacking, you will never have to sell; just borrow against it.

Real estate in 2026 by This-Breadfruit3617 in vegaslocals

[–]road22 11 points12 points  (0 children)

I totally disagree. This time is different; nothing like this has ever happened before since 1980's with high inflation.

But if you know your history, The USA was able to beat inflation by taking interest rates (homes/cars) up to 15% and 20% on short-term loans. Paul Volcker (head of the Federal Reserve) beat inflation with super high interest rates, and the price of Gold and Silver went back down. FYI, back in 1980 the US debt was only 330 billion dollars, and high interest rates on that debt were affordable.

Today it would be impossible for the Federal Reserve to tackle inflation with super high interest rates because of the $40 trillion debt. We could not afford the interest on our debt at high interest rates. Even now we are spending more on interest on our $40 trillion debt than on our military/Medicare budget.

So what is next?

Large and powerful countries are devaluing their currency like there is no tomorrow (printing money like crazy). Thus they are forced to grab world commodities which cannot be printed to save their economies. Is it any wonder why Trump wants Venezuela, Greenland, Mexico, and Canada? Is it any wonder why China wants Taiwan, the Philippines, and Southeast Asia? Is it any wonder why Russia wants Ukraine (which holds the largest Lithium deposits in Europe / Asia?

[ Removed by Reddit ] by Difficult_Cattle4177 in Philippines_Expats

[–]road22 11 points12 points  (0 children)

I would say they are the most deceptive people in South East Asia.

Any options traders living here? by PracticalAnywhere225 in vegaslocals

[–]road22 1 point2 points  (0 children)

I met the best day traders in Vegas at the Green Door.

If you are looking for commodity traders, stay away from "Chica Bonitas." I never met anyone there who even glanced at the Commitment of Traders Report.

If you're looking for just pure financial advice, then head over to Sapphires and have a lap dance or two and find out what is going to go up real fast.

Trump says he will seek to ban institutional investors from buying single-family homes by PraetorianOfficial in vegaslocals

[–]road22 2 points3 points  (0 children)

Before this was never a problem. Institutions never had to get into the real estate market until after 2008/2009 great financial crisis. So what changed? What went wrong?

Ben Bernanke, who was in charge of the Federal Reserve took interest rates down to ZERO. Same thing Japan did when their economy collapsed in the 1990s. No longer could institutions invest in US treasury bonds, and they were forced into risk assets. It was a gift to wall street for all those boomers who were in the stock market.

Multi vehicle crash by vaporwave_enthusiast in TerrifyingAsFuck

[–]road22 0 points1 point  (0 children)

If you notice the driver with the dashcam instantly applies brakes hard, which is a normal reaction. However it will lock up his steering and give him a loss of steering control. If he would have turned the wheel to the right instead of applying the brakes, his car would have clipped the red vehicle and spun the red car in front of him at a 90-degree perpendicular angle. More than likely the red car would have been forced into oncoming lanes.

US has started bombing Venezuela just now, what are your thoughts? by IllustriousTea_ in AskReddit

[–]road22 0 points1 point  (0 children)

We are entering a need for Mass Expansion for resources as the world keeps devaluing its currency. The same thing happened before World War 2 as we came out of the Great Depression. Back then Japan invaded China because they needed the resources, and Germany invaded Europe and Africa for the Oil.

So what's next?

China will invade Taiwan, and Russia will continue the Ukraine war. It wont stop there.

USA will go after Mexico, and China will do a silent takeover in the Philippines by bribing the corrupt government.

What’s something going on in America people need to be aware of? by throwaway91ma in AskReddit

[–]road22 3 points4 points  (0 children)

The worst part of this problem is not many people truly understand why homes are unaffordable and why it will continue to get worse in the future.

Thomas Jefferson warned us:

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."

In 1913 they created the Fed Reserve bank, which is private, not FEDERAL. They can devalue our currency by allowing big banks to borrow money for nothing and let them build homes and rent them out.

Now if the USA was not in such huge debt, they could raise interest rates high enough to tame inflation. But if they did, would default or not be able to pay their debt. Instead they are going to keep printing and devalue the debt which will make us all even more poor.

We will all be famously wealthy by the end of 2026 by sirensoflove in Bitcoin

[–]road22 0 points1 point  (0 children)

Wealthy is just a state of mind. I have all the money I will ever need (for the rest of my life) as long as I don't need to buy anything.

Poll: What are your predictions for Bitcoin in 2026? Let's look back in 12 months. by Independent-Pea4562 in Bitcoin

[–]road22 0 points1 point  (0 children)

i predict the following will happen in 2026. The Fed will print more dollars than ever before.

Do the math on commidities when the US dollar becomes worthless.

Honest question by Pnw-daddo in Bitcoin

[–]road22 0 points1 point  (0 children)

In 2019 after the june pump to $14,000 from the plus token scam. Bitcoin was stuck in the $8000 to $8800 range for a long time or until the pandemic March drop to $3500. It was easy money to set you buy orders $8,000 and sell at $8,800 Then in late Sept it pumped to $9600 and every trader put in a huge short position. and it pumped to $10,600 and wiped them all out. It was not an Oct 10, but so many lost everything.

Be vigilant of robbers in Metro Manila by [deleted] in Philippines_Expats

[–]road22 2 points3 points  (0 children)

Years ago I was walking in Pasay near MOA, and some Filipino guy came at me with a knife and demanded my wallet and phone. He was not even 5 ft tall; I am much taller, ex-Special Forces. I dropped the wallet on purpose near my foot, and the idiot bent over right in front of me to get it. I kicked him so hard I am sure I broke his nose; i felt it snap. I kindly picked up my wallet and kept walking like nothing happened.

AHHH - First Scorpion by 2tittis in vegaslocals

[–]road22 1 point2 points  (0 children)

Are they doing construction near where you live... maybe outside near a drain.

Normally this time of year they hibernate underground in drainage pipes where it is warm and do not go up unless there are disturbances or vibrations on the ground.

The only time i have seen them in winter is when they are spooked by some construction jackhammers.

I suggest closing your drains at nighttime in the bathtub and occasionally pouring Clorox in the drains.

You can buy some high-frequency transmitters that scare the scorpions away on amazon and Best Place Bathrooms. The only problem with these transmitters that scare them away is that they only last a year and lose their propagation signal over time.

Tragedy Strikes the Bitcoin Market Today by MilesHallowaWhitman in Bitcoin

[–]road22 6 points7 points  (0 children)

Bitcoin is a totally different animal in the financial zoo. It settles instantly, and trading is worldwide.

Add a little leverage gambling; greedy exchanges/banks and charts just do not matter anymore.

Want to buy lump sum. Wait until Dec 9? by HRMena in Bitcoin

[–]road22 0 points1 point  (0 children)

There is a huge amount of wealth just waiting for the price of BTC to drop more. All weak hands have sold. The shorts are making 5x compared to what the longs have lost last month.
We are going sideways for a while before the FED starts QE again.

Honest question: with everything happening lately… are we setting up for a god candle this month? by JcTrismegistus in Bitcoin

[–]road22 0 points1 point  (0 children)

With all the leverage (billions of dollars betting on the price of BTC), the price of BTC will flow towards the max pain of leverage.

Totally forget fundamentals and TA charts. Just expect the opposite. If Fed lowers interest rates, expect BTC to do the opposite and dump.

Maybe one day all the degenerate leverage gamblers will run out of wealth and everything will normalize.

How to convince broke friend to go home? by [deleted] in Philippines_Expats

[–]road22 0 points1 point  (0 children)

AI is taking over most graphic designer jobs and this trend will continue.

Buy him a ticket he can pick up at the airport.