If you don't yet own crypto, just think about how repressed our world was for the last hundred years. All the richest people were Satan-loving, pleasure-seeking pedophiles (listen to the latest whistleblower about David Rockefeller).
We need the good people to be wealthy. Wealthy people can actually help enact change.
I don't want to sabotage your enthusiasm, but becoming wealthy with crypto nowadays just means to use crypto to get more fiat money. The problem with fiat money though is it's not stable because of built-in inflation. You will lose everything if you remain to trust fiat money (or so called stable coins, who should be called instable coins instead).
Do you know why Bitcoin seems to be so valuable? Because Bitcoin is stable, and dollars are not. What you see is dollars getting less valuable, not Bitcoin getting more valuable.
The real solution is to use crypto as an actual currency, which was the initial idea.
I have used Bitcoin to purchase real estate, artworks and luxury goods.
More and more retailers will accept it in the future.
I don't look at Bitcoin as anything more than a trading asset with a fixed supply. It will become more valuable over time (but not necessarily in a straight line).
I look at fiat currency as a trading asset with unlimited supply. It has its place. I trade off between currencies too depending on strengthening exchange rate.
This is exactly the right way to do it. If one currency fails, use the next one.
That's why they will try to push one world currency you can't escape. If they get that far, freeing humans will get much more difficult. Not impossible, but really difficult.
You write as if you are outside the system. I would guess you are a retiree. If so, your retirement still comes from the same old system we are all stuck in. Trading cryptos (not just owning) is probably the best way currently for the average person to get ahead enough financially to be able to even slightly affect the future, assuming it's even possible to do so.
@San Marcus
Unless someone sustains themselves solely on barter, they are part of the system.
I use the system rather than let it use me. I exploit banks and avoid income taxes through legal means.
To me, being religious about any asset (including crypto) is a trap. The only way to make money on any asset is to buy low and sell high. That can be done with anything and I will trade anything in that manner. Liquid markets are simply the easiest and most cost effective way to do that and with the least possible cost.
The next big move will be in energy: oil and natural gas. I'm heavily invested in options on those markets. I own plenty of bitcoin but it's hitting big highs, so the upside is limited. I'm still bullish on BTC/ETH but I know I will make a lot more on energy over the next year, so I'm transferring over.
"You write as if you are outside the system."
Nobody who is using a computer or smartphone attached to the internet is outside the system. I'm paying for energy and internet access, and when the fiat money eventually fails, I can't pay anymore, like everybody else.
Having a material backed cryptocurrency is not inconceivable, there has been a buzz about it around the internet and I think even brought up in one of the Farsight meetings.
There are many different ways to back currencies. Imagine a (smart) contract creating money based on real world values. And I'm not just speaking about gold. Real world value can be very subjective. I'm working on my own currency right now.
It's all about trust and acceptance. Some remote islands in the pacific had shell money or big stones with a hole in the middle. So why not digital crypto money? RWA tokens will be the future, because of the high transferability and low costs of transfer. Companies will use it to lower their taxes and as backup value for deals, etc. And don't underestimate the economic power of the option to have black money on a digital wallet inaccessible to any tax authority... ;-) People will use it for secure investments like real estate. Even with a small amount of money one can invest into a specific object without the risk of getting fooled by a fund manager/bank. Bitcoin blockchain is too slow for this (RWA / DeFi & Smart Contracts), thus there is the need for other tokens using different technology like ETH.
No BS kNews - Telegram
https://watcher.guru/news/us-government-moves-1-92b-worth-of-bitcoin
Amid talks of establishing a reserve for the crypto, the US government has moved $1.92 billion worth of Bitcoin. Specifically, the funds have been split into two wallets, containing $969 million and $949 million in BTC, respectively.
The data shows that the government still holds more than $18 billion worth of Bitcoin. Moreover, the movement was reported as President-elect Donald Trump is expected to make headway on a Bitcoin reserve bill early on in his second term as the country’s commander-in-chief.
As we know Trump is pro-Bitcoin and recently became the first former president to make a public crypto transaction.
Senator Cynthia Lummis introduced the BITCOIN Act to establish a reserve this year.
Ya know, the same Bitcoin BlackRock's Larry Fink promotes.
'Fun fact': The name Satoshi Nakamoto, the alleged mastermind behind Bitcoin roughly translates to 'central intelligence' in Japanese.
Techno-Optimism is taking over the public by storm.
What can possibly go wrong?
Digital IDs come first.
"'Fun fact': The name Satoshi Nakamoto, the alleged mastermind behind Bitcoin roughly translates to 'central intelligence' in Japanese."
It *could* be translated that way..... but, there are other options as well.
Probably the best thing about crypto right now is it's got huge profit potential, with relatively little risk. One could easily 5x their money (more, if you risk leveraging) in a relatively short time.
However, in saying this, I do have to advise not going anywhere near KYC (Kill Your Citizens) exchanges, or any on/off-ramping (buying/selling to fiat). That's how you'll end up getting trapped.
https://www.disclose.tv/id/e4j679izbr/
Bitcoin breaks $100,000 barrier amid post-election cryptocurrency surge
Greg Reese
AI World and the Cashless Society
Hawk Tuah Crypto Girl
Haliey Welch, also known as the “Hawk Tuah Girl,” has launched her own cryptocurrency called HAWK. The memecoin, which is based on the Solana blockchain, was launched on December 4, 2024.
Initial Success and Subsequent Crash
Initially, the cryptocurrency soared in popularity, reaching a market capitalization of $500 million shortly after its debut. However, the meteoric rise was short-lived, as the coin’s value plummeted by 88% within minutes, settling at just $60 million.
Accusations of Insider Trading and Rug Pull
The dramatic crash has sparked widespread speculation and controversy, with several theories emerging about the potential causes. Some industry insiders have accused Welch and her team of insider trading and rug pulling, alleging that they had sniped 96% of the token supply and were selling the whole thing.
Welch Denies Accusations
Welch and her team have strongly denied the accusations of rug pulling and insider trading, asserting that they haven’t sold any tokens.
Current Status
As of December 5, 2024, the market capitalization of HAWK is around $34.3 million, with a trading volume of over $23 million.
Community Backlash
The incident has drawn sharp criticism online, with many calling for stricter oversight of cryptocurrency projects to prevent such outcomes in the future. Some people have even called for Welch to be jailed over the fiasco.
https://x.com/TuckerCarlson/status/1866543923939729870?t=u5HERMIulvZiJvvd1kzpzw&s=19
Roger Ver is facing life in prison for revealing how the US government worked secretly to subvert cryptocurrency and prevent economic freedom. More people should hear this story.
(0:00) Roger Ver Facing Extradition
(7:49) The Hijacking of Bitcoin
(12:18) How the Government Tracks Your Every Transaction
(26:26) Who Is Satoshi?
(27:13) Why Ver Chooses to Speak Out
(38:19) Ver’s Experience in a Spanish Prison
Why is the version on Tucker's website 5 mins shorter? 🤔