In today’s episode of clown world, I am particularly enjoying the storyline where the globohomo elites fan club is upset to hear us say we won’t fight Russia for them.
If you’re still active on X, you’re voluntarily spending your free time on ground zero for psyops and propaganda warfare of all the big intelligence agencies. You are quite literally the product, a little fish swimming amongst the sharks by choice
I’m not really here with any agenda. Just looking to push my random thoughts into the world without getting cucked by billionaires and their agitation algorithms. Enjoying it
So much of Bitcoin price discourse is a failure to realise that it trades like a currency, not like a stock, by people who have never traded either one.
Your mental framework for BTC price should imo be something like this:
- Historically, at least since GFC, emerging market currencies only went down against USD: -60% since 2008 on a weighted average basket (JPM EM FX index), carry excluded
- For many of them, this went gradually, eg the US dollar going from 13 to 25 against the Mexican peso between 2010 and 2020. For others it went straight line down, eg Argentina peso 2018-25 or Venezuelan bolivar 2019-25
- USD almost always wins, as it’s the global funding currency. The system is both structurally short dollar and dollar dependent, and EM balance sheets are often weak and asymmetric - will leave that for another time
- Against other major currencies like the euro, it has been much more give and take. Periods of strength and weakness but not a trend. EUR/USD goes from parity to 1.50 and back again
- Now here comes the crucial point: every piece of evidence from the last 15 years tells us that Bitcoin has assumed the role of the USD against Argentina peso, but now the USD has become the peso, and Bitcoin is proving to be the stronger entity
Bear markets still exist because of sentiment (fear), and the role of the dollar in the traditional financial system plumbing. But fundamentally bitcoin is simply a stronger currency and will keep trading like that.
The one thing that never happens to currencies, let alone apex predator currencies, is that they “go to zero”. You can instantly discard anyone who says things like that, they haven’t even grasped the most basic property of the thing they’re dealing with.
When I was young, my (grand)parents instilled in me the idea that it was important to stay up to date with current affairs, to watch the daily (government channel) news, read the newspaper etc. It’s how I lived through the 90s.
In the early days of the internet I tuned out from that and got a lot of “You don’t read a newspaper at all?! But how do you keep up?!”
Looking back now, all the people who did try to “keep up” got their brains turbo fried by government propaganda which was set up to slow boil them, especially during, and post covid.
Their advantage was that they could still relate to each other as normies, but the disadvantage was they were being programmed to hate everything not toeing the line (we have always been at war with Eastasia, etc).
Hence the boomer extremism and hate we see everywhere today in especially Europe. Less so in the US where there had always been more diversity of media, and so people got fried, but in different directions.
And so in my family the culture is now the radical opposite. We don’t watch the news, we stay off the algorithm hell apps, and we keep our circle deliberately small. Fuck everything else, fuck the zombification of society, fuck politics and all your manufactured outrage.
Bitcoin has a chance to kill the shitcoin complex for once and for all. We need to go lower and go for the kill here
Social media policy in a US big financial firm be like: you’re allowed to click on the heart under our firm’s posts, but unless you’re a “(company name) social media super user” you’re not allowed to comment. It’s all so ghey
Nostr is a bit the digital equivalent of moving to the countryside. I mean that in the best way possible