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https://www.abc.net.au/news/2021-03-01/why-interest-rates-are-soaring-and-what-it-means-for-you/13201602 Damn right. Nice to see someone is starting to figure it out Not to mention Australian Property Markets. Shush, don't scare the horses.... pfffft, the only authority they ever really...

You're missing the point.

But they are going to have to crush them down. Right? They can't let interest rates go up because there is too much debt. I mean, just think about what that will do here if IR's go up. The more I think about this, the more I am starting to think this is the final super cycle for BTC. Just...

Yes, but there are consequences to the fact that you have virtually zero interest rates. And that is that massive amounts of money can be borrowed for virtually nothing. If that money then gets plugged into BTC, and enough people do it, then BTC sky rockets. BTC is kind of a short on the...

Have you guys seen this interview from December? The first hour is just crazy going over this idea of the speculative attack on the US Dollar. It's suddenly become very interesting in light of Saylor's new 1 Billion borrow. Second hour isn't really worth listening to.

Munger reminds me of Buffett. They don't care and they don't care to care. Buffett missed the internet too. How's Schiffy going these days. When did he first start ranting about BTC? My guess is, somewhere around $10. How many people listened to him and how much less rich are they as...

I think waiting for price corrections like that could be a forlorn hope. We got 59 down to 43. That was pretty good. I got in at 46. I'm happy with that. Best strategy for the average person right now, I think, is DCA. Edit ToAdd : DCA and BTFD

Ayyy!!! Shiney man! I see what you are up to. I was the same. I was like "sell everything that isn't nailed down and use the money to buy more BTC". And then I was like "how much money can I safely borrow to buy more?". And now I am scrounging for every last cent that I can dig up to buy...

So I ask again, please explain the mechanics of the modern day debt jubilee.

Banks savings are liabilities. They are to people and companies who have those savings accounts. Bank loans are assets to the bank. If the banks was to forgive the loans en masse there would be a severe mismatch in assets and liabilities, effectively bankrupting the bank. If you forgive...

Limited supply is good, that's what makes it a sound currency. We just need to figure out where to put the decimal place. And it can always be moved if the consensus is to move it.

You are correct with this and it is a valid criticism that people in the community are trying to address. My personal opinion is that once the volatility dampens down, either the decimal point will be moved or a sub-currency of Bitcoin will be created, like cents are to dollars. Also...

There's a couple aspects imo. One is that the dotcom bubble was a generation ago now (and doesn't that make me feel old). There's a lot of people around with no memory of it, and as a result, history is doing it's rhyming thing. It's not the exact same but has a lot of similarities and feels...

The worth of Bitcoin is that it has the capability and soon, the liquidity, necessary to be the global reserve currency at a time when the current global reserve currency, the petrodollar, is failing and there are no other available options. Any other digital currencies that ultimately survive...

$1 would mean market cap of 128 Billion, which isn't much lower than Ethereum's current market cap. So I wouldn't bet on it. A meme coin can only go so far. Keep an eye on that Total Supply number and compare it with other coins.

It's funny how a drop from 58 to 51 (at this time) doesn't even faze me. I hope it drops to 40, because I will be in there buying. Feels like 30 would be too much to hope for.

I don't know exactly what is going to happen. I'm not sure if I have said Fiat is going to disappear, if I have, then I was probably feeling a bit too enthusiastic at the time. My best guess at this point in time, which isn't actually my guess I just got it from someone else who is very...

What you are suggesting though basically would put Bitcoin on an even footing with the Australian dollar. Right now, most Aussies don't believe that it is. If BTC did become on an even footing, I think it would have consequences for monetary policy that wouldn't be entirely pleasant for...

Fiat just happens to be the current measuring stick for all things at the moment, that's all. If fiat wasn't around any more we'd need a new measuring stick and we'd measure all assets from Gold to Bitcoin using the new measuring stick. If the price of Gold goes up, it's generally regarded...

Australia will be just shooting itself in the foot if it does that. Not impossible, given the morons we have here who think sending house prices higher is the be-all-and-end-all when it comes to generating wealth, but at the end of the day, Australia is only 25 Million or so people so it won't...