Alexander the Great melting down pure gold drachmas and mixing them with 50% copper is the exact historical blueprint of what central ...
| | Alexander the Great melting down pure gold drachmas and mixing them with 50% copper is the exact historical blueprint of what central banks do today. I animated this short video essay explaining the ancient roots of currency debasement. This is why sound money matters. [link] [comments] |
I recently was sent a letter claiming I had an old Coinbase account with a balance that was going to be sent to the state because I had forgotten about its existence. Should I keep the BTC in the wallet or sell it? I don’t follow any crypto markets anymore, so I don’t know what the current predictions are or really much in general, so any help or advice would be greatly appreciated.
| | submitted by /u/pittsburghhodlr [link] [comments] |
Every bitcoin commentator on the internet seems to look at their own local news events and claim these events are somehow good or bad for bitcoins price. From western countries and their local tax policy moves, to conflict in eastern europe or the middle east, to local policy decisions in asia.
But bitcoin is so much larger than any localised narratives, bitcoin is not a local stock market. All that news is nothing but noise.
Bitcoin only cares about aggregate liquidty, and when it comes to aggregate liquidity only one question matters, when the next global "event" hits will global central banks keep rates high and allow a recession to take hold or will they drop rates and stimulate the global economy with money printing?
The answer is simple, since 2008 the worlds central banks and governments have proven unequivocally that their only response to any macro event or crisis will be to cut rates and stimulate because the alternative would smash the global financial system.
The next time central banks and governments face a global crisis they will cut rates and stimulate, and thats all we need to know because easy money policy is what fuels bitcoins adoption and exponential price growth.
So many commentators are expecting a business cycle recession that will crash markets but since 2008 global central bank policy has been stimulus at all costs to protect the traditional financial system.
Central banks wont allow a global recession, at the first sign of any recession or crisis they will stimulate and that means scarce assets will be the best protection from easy money policy.
So forget the local news headlines, ignore any talk of a recession, and just understand that bitcoin will benefit from easy money policy during any potential global crisis.
| | I broke down the data behind buying Bitcoin after major crashes and why a 50% drawdown has historically produced some of Bitcoin’s strongest forward returns [link] [comments] |
When are you going to receive BTC, which network or format do you usually use?
• ⚡ Lightning
• 💎 Native SegWit (Standard)
• 🔏 Taproot / Silent Payments
• 🦖 Legacy (The one with expensive fees!)
Leave it here in the comments! I want to see who really understands how fees and privacy work around here. 👇