CJem
commented on
$Bitcoin (BTC.CC)$ For the sake of maximum number of people, I hope and PRAY that silver prices (yes, there are many different prices depending on the LOCATION of the market AND the TYPE of it - be it physical or paper) move UP in orderly fashion like to it's big brother Gold.
However, there's much better than average chance it won't!
More likely Silver's move ...
However, there's much better than average chance it won't!
More likely Silver's move ...
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$Bitcoin (BTC.CC)$ I believe HOW one answers this most basic question decides how one sees BTC's eventual price and value.
Also, anyone who thinks the physical gold can play that role in cyber monetary system, I would ask just how one can authenticate gold held by a third entity WITHOUT resorting to the blind f...
Also, anyone who thinks the physical gold can play that role in cyber monetary system, I would ask just how one can authenticate gold held by a third entity WITHOUT resorting to the blind f...
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$Bitcoin (BTC.CC)$ The very force that's against the rise of USA led financial revolution is going to betray their own and end up boosting the meteoric rise of BTC!
The first salvo on this relentless war is evident in the Silver move. The silver price was artificially suppressed for multiple decades by ...
The first salvo on this relentless war is evident in the Silver move. The silver price was artificially suppressed for multiple decades by ...
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CJem
commented on
Most people think exceptional investing means catching bottoms, timing tops, or having Buffett-level genius.
Reality check: 99.999% of us don’t have that. Nor do we need it.
I ran the numbers on what could be one of the worst investors alive - someone who only buys Bitcoin at the absolute euphoric peaks:
- 2017 ICO mania ($19,700)
- 2021 Coinbase IPO top ($64,000)
- 2021 ATH ($69,000)
- 2022 pre-Luna rally ($48,000)
- 2023 ETF rumor spike ($49,000)
- 2024 post-ETF ATH ($73,800)
Average...
Reality check: 99.999% of us don’t have that. Nor do we need it.
I ran the numbers on what could be one of the worst investors alive - someone who only buys Bitcoin at the absolute euphoric peaks:
- 2017 ICO mania ($19,700)
- 2021 Coinbase IPO top ($64,000)
- 2021 ATH ($69,000)
- 2022 pre-Luna rally ($48,000)
- 2023 ETF rumor spike ($49,000)
- 2024 post-ETF ATH ($73,800)
Average...
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CJem
commented on
$Bitcoin (BTC.CC)$ Whether one believes BTC is heading to Zero or Multimillions, the nagging concern of just how to build the cyber native monetary system should be on every long term investor's mind.
Will a new Epoch of cyber native monetary system be possible without the foundation layer of capital that is NOT someone else's ...
Will a new Epoch of cyber native monetary system be possible without the foundation layer of capital that is NOT someone else's ...
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CJem
liked
Some people have asked whether I think the floor is in for Bitcoin. I’ve said it’s possible, but I’m not totally convinced yet. It’s been a weird market tbh. But there is one perfect, undefeated signal that marks the bottom every single time-
Indifference.
We’re getting closer.
Indifference.
We’re getting closer.
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$Bitcoin (BTC.CC)$ We may see continuation of unwinding of the Yen carry trades for some time to come. As well as strong unemployment figures along with large scale consumer inflation!
All and any of which may result in further deterioration of overall liquidity.
Of course the complex nature of finance is that there's al...
All and any of which may result in further deterioration of overall liquidity.
Of course the complex nature of finance is that there's al...
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$Bitcoin (BTC.CC)$ I hope the very people who can use BTC to build their own generational wealth don't end up on the side of road with these temporary price fluctuations.... It will be shame for sure.
BTC will either go to ZERO or Millions eventually and based on what the institutions are doing with their seemingly infinite assets under management, my money is on the later case....
BTC will either go to ZERO or Millions eventually and based on what the institutions are doing with their seemingly infinite assets under management, my money is on the later case....
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$Bitcoin (BTC.CC)$ When someone is in trouble they first sell what they want to sell - the losers and the dogs. But soon enough they HAVE TO sell whatever the buyers are willing to buy!
Without any warning - there's never a warning for these actions - over a weekend, governments and central banks will gather in secret to paper over the...
Without any warning - there's never a warning for these actions - over a weekend, governments and central banks will gather in secret to paper over the...
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$Bitcoin (BTC.CC)$ Since I have multiple decades to DCA (MUCH longer for some of my family members!), as much as it hurts to see the current portfolio balances drop, I REMIND myself that low price area is in fact a huge blessing!
It's a bargain basement sale allowing the humble and the consistent to acquire MORE BTCs for the same amount of routine investments.
I'm not investing for mere days, weeks or even months in the future. ...
It's a bargain basement sale allowing the humble and the consistent to acquire MORE BTCs for the same amount of routine investments.
I'm not investing for mere days, weeks or even months in the future. ...
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CJem OP : So far, silver markets are behaving "normally" but at ANY moment, they can "crack"! You will know it when the spread between the physical bullion prices and the exchange quoted paper prices stop resembling one another!
When that happens, watch OUT for cascading succession of failed margin calls, forced liquidations followed by banks collapses!
The SAME movie we have seen before!
Sadly, BTC will NOT be immune from this onslaught of mindless, fear driven SELLING!
CJem OP : Paradoxically, for the LONG TERM DCAers like yours truly, this short term "sale" can be the best opportunity to gain more BTC at lower cost basis.
I won't lie.
For MOST BTC HOLDERS, it will be quite painful for sure.
Best of success to everyone!