Do you buy cryptocurrency when it's at a high, like now?

[Jorozey]

I totally understand what you're saying, but you don't seem to understand the⁣ picture I'm trying to show you, which is that ETFs/corporations are taking away our BTC⁢ under our noses, while the fools sleep and keep their worthless dollars and other paper︀ currencies without any cover.

One day the fools will wake up realizing they are holding︁ a piece of paper or worse - Programmable Digital Dollars aka CBDC - completely dependent︂ and subject to government confiscation, then the fools will rush to buy BTC but it︃ will be too late because ETFs/Corporations like BlackRock and Vanguard will own the majority of︄ all mined coins.

In just 6 months ETFs/corporations own 1M BTC out of all 21M︅ that will ever exist🙁 how do you think this will look like in 5-6 years?︆

Just look at︉ what ETFs have done to Gold and Silver... The purpose of ETF on BTC is︊ for corporations and banks to turn it into a financial asset and BTC never becomes︋ a people's p2p payment currency.

If you do it︍ you will look like this 🙁

 

[uranium]

100%
I wrote same before about blackrock︆ buying all btc
Sooner or later there won't be transactions in btc, only held as︇ etf.
Crypto exchanges will die as a business model
So it looks that satochi nakamoto︈ failed.
You think usa will let btc take over the dollar
Blackrock saw it miles︉ away even though a bit late but still they will own all btc available and︊ all miners.

 

[Marshal]

I hope those are bags of cash smi(&%gre¤#!

 

[0xDEADBEEF]

Fixed it for‌ ya

 

[jafo]

Gentlemen,

Unlike other people, I can't predict the︋ future. 😉

All I know is that since the end of 2022, I haven't had to︌ swap ANY Bitcoin to any other "medium of exchange." As you all know, I swapped︍ excess USDT for Bitcoins, thanks to some people here. Without looking at graphs and obsessing︎ over my Bitcoins, they still did EXACTLY the same as any person who obsessed, worried️ and stressed themselves out over Blackrock, ETFs, etc., etc., instead of enjoying their lives. smi(&% rof/%

Nobody has been able to touch my Bitcoins! 😎

I'm NOT selling my Bitcoins. I don't need‌ to. Others, of course, are FREE to behave according to their desires.

There are thousands‍ of other cryptocurrencies being used. You can use one of them to trade, buy things,⁠ and more.

I just spent the last five months meeting with clients & suppliers all⁤ over the world. We paid for everything with USDT, USDC, etc., and we did not⁣ even use our credit cards once! Not even in hotels. Not in restaurants. Even high-class⁢ courtesans are accepting cryptocurrencies, including but not limited to Bitcoin. smi(&%

The stats:

Source: How Many︀ People Use Bitcoin in 2024?

I refuse to obsess about predicting the future and controlling︁ the narrative. It's toxic and not healthy, in my humble opinion, of course!
All these︂ so-called experts e.g., BlackRock et al., don't know jacksh1t! They are gambling with OPMs. 😉

I'll leave you all with this bit of wisdom from the GOAT:





PS. I was going︃ to post some of my earlier Bitcoin mining, and purchases after mining became, for me︄ and my rigs, a waste of time, but the risk of doxxing myself would increase︅ exponentially, so I buried that idea. hi%#

 

[Marshal]

I'm glad there are people like‌ you around who will keep buying btc when it crosses $100k mark. We need you‍ 🙂 My main reason to invest in crypto was and still is - to make money.⁠ And you can call $$$ whatever you want, I don't care 😉

 

[Jorozey]

But they are just printing money out of⁤ thin air... They rob you and you still want their worthless papers?😳

 

[jafo]

I do‍ agree with you 100% that the above-pictured people and their actions are reprehensible, immoral, and⁠ unethical, but using the verb

makes us sound like⁤ we don't know what we are talking about, either.

Currency debasement would be a term⁣ that better suits this reprehensible act.
------------------
The legal definition of "to rob" typically involves⁢ the following elements:

Key Elements of Robbery:

• Taking Property: The act of taking property or︀ valuables.
  
• From a Person or Presence: The property must be taken directly from a person︁ or their immediate presence.
  
• Use of Force or Threat: The act must involve the use︂ of force, intimidation, or threats to obtain the property.
  
• Intent to Permanently Deprive: There must︃ be an intent to deprive the owner of the property permanently.
  

Legal Definition of robbery︄ is generally defined as:

• The unlawful taking of property from another person or their immediate︅ presence,
  
• Against their will,
  
• By means of force or intimidation.
  

Source: 18 U.S. Code §︆ 1951 (Hobbs Act), which describes it as:
"The unlawful taking or obtaining of personal property︇ from the person or in the presence of another, against his will, by means of︈ actual or threatened force, or violence, or fear of injury, immediate or future, to his︉ person or property, or property in his custody or possession, or the person or property︊ of a relative or member of his family or anyone in his company at the︋ time of the taking or obtaining."

Think taxes, and we are being ROBBED. 😉

A great︌ example given to me is:

(1) Charles goes to a tailor on Savile Row in︍ London and buys a bespoke suit for £25K. It is great. Charles is the only︎ one who has it. Someone posts pictures of Charles in his suit on social media.️ People love it. Unemployed tailors in underdeveloped countries see Charles's suit on IG. They copy‌ it and now start selling Charles's "identical" suit for £100. rof/% Next, Charles goes to the‍ Johann Straus Konzerte Sofiensale, and every refugee outside panhandling is wearing the exact same suit,⁠ undermining the value of Charles's bespoke suit! smi(&% - I understand how this can upset Charles.⁤

vs.

(2) Someone making Charles, forcefully or under threat, remove his clothes in front of⁣ the Johann Straus Konzerte Sofiensale, i.e., robbing Charles. 😉

 

[JohnLocke]

Where is⁤ that possible, all in the same country ? if so, I guess it is Switzerland⁣ or in what other countries is that possible?

 

[jafo]

Switzerland is one, but also Monaco, everywhere in Latin America (I visited), all the Caribbean⁠ islands I visited, etc., and even in Cuba and Venezuela, you can pay with BTC⁤ and USDT in hotels, restaurants, and bars! smi(&%
Even the high-class "spiritual consultants" (in Spanish, they⁣ are called "consejeras espirituales" smi(&% ) not only accept but PREFER crypto. There is a 5⁢ to 10% discount if the "patient" pays with crypto. rof/%
As one of these "consultants" mentioned︀ to us: Our greatest predator is the "gang members of the State"; our self-imposed &︁ violent PIMPs. stupi#21 I felt THAT! cry&¤

For example, with Travala, we paid and secured hotel︂ bookings like nothing.

An Argentinian client of mine, living in Punta del Este, has three︃ children studying at University in Europe, and his wife regularly (almost every day) places orders︄ for food delivery on several platforms for their kids. I didn't even know this was︅ possible, and I live in MC & CH. stupi#21
I saw how she did it, and︆ I was flabbergasted. 😳

No need for a "crypto debit/credit card." No KYC. No insufferable bottom-dwelling︇ compliance officers regurgitating feces out of their buccal cavity! No bullsh1t whatsoever! Better than CASH︈ and instantaneous! 😎

The useless, self-appointed, unproductive, dastardly gang members of the State want us to︉ be afraid and voluntarily allow ourselves to be robbed, but they have LOST this battle︊ already! It's all bluffing, posturing, intimidation, and empty threats now. Sure, whoever they can grab︋ and scare, they'll use them to parade and intimidate the others, and many will be︌ intimidated. No questions here, but soon, they'll run out of taxpayer-funded "weapons," too. 😉

Up, up,︍ and ABOVE, gentlemen! 😎

PS. I want to thank all those like, e.g., Chris Emms, who︎ taught others how to circumvent the vindictive but weak, unproductive, and cowardly gang members of️ the State!

 

[Wellington]

If you ain’t got 90% of your wealth in web 3 or its derivatives you‌ ain’t gonna make it. iMHO.

Increasingly possible you can also chart stablecoin adoption velocity against⁤ $ velocity ones going down the other up.

 

[jafo]

Can you⁠ expand more on this? ange¤%&

It can be through books, videos, audiobooks, reading material like research⁤ papers, links, etc., something that brings us closer, preferably through immersion, to the "language" you're⁣ speaking. 😉

Thank you very much in advance! 😉

 

[Mercury]

It's so outdated!
We're living in a self-orchestrated matrix simulation mainly populated‍ by NPC.

 

[John Spectre]

well, current 60k price and below during summer correction could be not a bad start‌ to invest in bitcoin(but not a great either). if anyone was not able to do‍ it earlier, but very hot to spent some money in crypto.