[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')Going your own way...

[theluckycountry]

Standard Chartered forecasts $500,000 Bitcoin price as confidence in government bonds dwindles
https://www.fxstreet.com/cryptocurrenci ... 2505202055

Well that's as meaningless as the predictions Gold will hit $10,000 in a couple of years. But what's quite accurate is the ongoing collapse of confidence in the $US. Confidence in the $Au is quite strong, always has been, but it's of little interest to me and of little import in the scheme of things. What it says though is other nations are eager and happy to buy our bonds.

$this->bbcode_second_pass_quote('', 'A')us bonds take centre stage in Asia
Mar 3, 2025 — The Australian bond market had a stellar year in 2024, with total issuance reaching $A247 billion – a 14 per cent increase year on year. https://www.anz.com/institutional/insig ... e-in-asia/

[theluckycountry]

DOW Jones has been in a steep fall all week now so expect btc to follow suit within days. The last coordinated drop was 2nd April for both, before that, Jan 28 and Jan 22. It's a totally reliable pattern, even more reliable than the drops of Gold and Silver, two very similar commodities.

I remember a year back Saylor was trying to spin the idea BC was a commodity, he even had a politician on board. I think it's more accurate to say it's a product, like bank loans are classed as products, insurance policies and shares in ridiculously overpriced corporations. Don't forget, the only reason US shares have attained their current valuations is because of the ongoing demand from pension funds across the world who "have" to buy them. Without that artificial pressure the Dow would be like 7000 or less. It's a Ponzi market.

[theluckycountry]

Crypto/Stock-market correlation confirmed.

Coiners better hope we don't get a GFC style crash in the markets, it will do the crypto brand no good at all. They say every dip is a buying opportunity, well at this point in history I'd say every top is a selling opportunity. Come back after the crash when there's blood in the street. Remember, Buffet's well sold now, very cash heavy.

[theluckycountry]

Stock Futures Soar, Yields Rise After Trump Extends Deadline For EU Tariffs
Another good selling opportunity

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '[')b]Stock Futures Soar, Yields Rise After Trump Extends Deadline For EU Tariffs
Another good selling opportunity

[careinke]

1 BTC = 32.91 ounces of gold. This Is NOT the all time high, That was way back in September 2021, where it was around 37 ounces of gold for one BTC. At todays gold price, the price of BTC would be $121,508.00 per BTC today.

I expect BTC's price will easily surpass that this year. We will see.

Please do not copy this if you make a reply, I don't want to hurt what little brain Unlucky has left.

Thanks,

Peace

[theluckycountry]

Coinheads! Just watch the DOW, the NASDUCK, the US stock markets, because that's what you're betting on when it comes to crypto.

What Americans don't realize, because anything non-American doesn't exist for them, is that the rest of the world's stock markets have been going nowhere for decades now. Punch FTSE 100 Index into https://finance.yahoo.com/quote/%5EFTSE/ and look at the "all data" Which goes back into the 1980's. In 2000 the index was 6500, today it's 8700. I don't know if the companies pay dividends, I know the US ones as a rule don't. The german DAX over the same period has gone from 7000 to 24000, a better performance. The japanese NIKKIE over the last 25 years has gone from 20,000 to 38,000, about where it was at the 1989 Bubble top.

So in 25 years
The DOW is up 4x
The German DAX 3x
The japanese NIKKIE 2x
And the FTSE not even up 2x

It's worth noting that the English produce little of value yet the Japanese and Germans have had great industries over that timeframe. The US? Harley Davidson? Crap Tesla? There are a few bright spots but let's face it, the US markets are just a huge bubble driven by domestic and overseas pension investment for the most part. It's not even close to the industrial whirlwind it was in the 1920's. What really happened in the 1920's? people simply couldn't afford all the new cars and radios etc the industry was producing. A structural oversupply situation that collapsed when the public was maxed out on private debt. Tens of Billions of hard earned dollars are taken from wages and salaries every week and they need to find a home. Money shufflers, that's all the pension funds are. They grow rich by putting people's savings into dubious investments. This whole industry only began in 1980. It's a confidence game built on the markets it inflates, it's not a secure investment structure as was sold to the public.

Anyone with half a brain knows a collapse is coming. And it would have long arrived if not for the insane debt accumulation and the lowest interest rates in 400 years. Like 2007, the system will be allowed to collapse when the appointed time arrives and Buffet's exit from the markets tells me it's close. The cryptos have never gone through a market crash, but aside from bc they have all pretty much crashed already. Interesting times.

[theluckycountry]

I had to go into the city yesterday, about once a year I go in for a medical checkup. I took an Oz of Gold to test the waters at my favorite coin dealer. He offered me 3% off spot! I have never seen a premium that low, the demand for Gold must be through the roof. I certainly didn't need the cash but I like to sell some back every few years just to let them know I sell as well as buy. It keeps you in the loop, maintains trust. I remember the GFC well, most like to forget it. I bet adam was pulling his hair out when he saw his stocks plummet 50% overnight

Well the good news is it'll happen again because the system simply can't afford to repay all those retirement promises made to the boomers and following generations. Good news? Certainly. That's when Gold really shines, when everyone is scrambling for something they can trust. For something tangible, physical, Farms, mines, physical metals of value. There was one stock on the US index that literally boomed through the 1930's. Its gains eclipsed those of the 1920's. It was Homestake mining.

$this->bbcode_second_pass_quote('', 'D')uring the 1930s, the Homestake Mine in Lead, South Dakota, was a significant gold mining operation. Despite the economic hardship of the Great Depression, the mine's management provided its workers with shorter work weeks, increased wages, and end-of-year bonuses. The Homestake Mine was once the deepest and most productive gold mine in North America, producing over 40 million troy ounces of gold.

In the period from 1891 to 1987, Homestake Mining increased in value from $9 over $5000 per share.
This article was written by
New Low Observer
Active investor with prior work experience with firms such as Bear Stearns, The Federal Reserve Bank of San Francisco, PMI Group, and as a subcontractor to Fannie Mae and Freddie Mac.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')Active investor with prior work experience with firms such as Bear Stearns, The Federal Reserve Bank of San Francisco, PMI Group, and as a subcontractor to Fannie Mae and Freddie Mac.

[theluckycountry]

$this->bbcode_second_pass_quote('AdamB', '[')img]https://i.pinimg.com/236x/b7/9e/75/b79e75d7970d1758fd23268c402e4086.jpg?nii=t[/img]

[theluckycountry]

I thought this was rich

$this->bbcode_second_pass_quote('', 'C')rypto Czar Sacks Says US Could Possibly "Acquire More Bitcoin"
White House AI and crypto czar David Sacks says the US could buy more Bitcoin if the government can fund the purchase in a “budget-neutral” way without a tax or adding to the growing national debt. The March 6 executive order authorizing the creation of a crypto reserve states it will hold any Bitcoin forfeited as part of criminal or civil asset forfeiture.

[theluckycountry]

As Sweden reconsiders its push toward a cashless society, Ethereum co-founder Vitalik Buterin highlighted the fragility of centralized digital payments and the opportunity presented by decentralized payment alternatives. A crypto boffin whose coin is down 50% from it's peak (Nearly 5 years ago) is giving unsolicited financial advice to a national government. basically he's trying to sell his shitcoin to them, a coin like all the rest, including BC which has no stability. Imagine saving up for a new car (not you adam, I know you have no savings) And imagine the day arrives and your ethereum is down 70%

Ethereum, the ether, that's what the name is derived from, "Ether" in ancient Greek cosmology refers to a hypothetical, invisible medium thought to fill space and carry light. Many scientists believed in it in the 1800's but it was supplanted by reality and now the term is used in a whimsical even derogatory sense. I think it's the perfect name for a crypto, an imaginary thing that will one day be supplanted by reality and people will wonder why anyone believed in it in the first place.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')It's all covered in this article, you're investments too adam
The Rising Moron Premium
https://www.zerohedge.com/markets/rising-moron-premium

[theluckycountry]

[careinke]

Today, 1 BTC= 31.50 ounces of gold, so down around 1.40 ounces of gold since my last post. Volatility is a feature, not a bug.

Peace

[AdamB]

$this->bbcode_second_pass_quote('careinke', ' ')Volatility is a feature, not a bug.
Peace

[theluckycountry]

So it's Sunday morning here and shitcoin is $104.7k. It's followed the DOW down to it's low on early Friday trading, 41.9k. The DOW has since had a Friday bounce up to 42,350, so assume BC will follow suit if the DOW holds that.

Talk about correlation, you'd swear btc was listed on the dow jones
And all all the coinheads are still looking at charts and drawing lines

The original White paper dribble
1/ digital money that allows for secure peer-to-peer transactions on the internet.
So who does that? Drug dealers and addicts probably, but no one else is doing it. They just buy it on exchanges and leave it on exchanges where wall street can manipulate it.
2/ Digital security/proof of work/blah blah blah
It doesn't even come close to Gold in a vault. Just as Sam Bankman Freid
3/ Finite supply.
Oh yes, this is the big one, it's sooooo rare hahaha. Except that One bitcoin is divisible into 100 million satoshis. But that aside, river sand has more intrinsic value than bc and it too is a finite supply. So is Gold for all intents and purposes, so is oil. But with all these you can actually build stuff like roads and houses and jewelry and electronic devices. BC is useless except as a digital concept, it's the greatest confidence game ever played on a fearful and unsuspecting public.

coinheads often retreat to "What if you invested $1000 in Bitcoin 10 years ago?"
Well you didn't did you, you got into the bubble too late for that, and since the last peak 3 odd years ago, it's still down in inflation adjusted terms. Stop living in a dreamworld of "what it". What if I had bought Gold at $35/oz in 1970. Well I didn't! So no point talking about it is there. Bitcoin is going nowhere because we've passed PeakBTC. The point in time when no new flood of people are rushing in to buy it.

Just like PeakEV where there is no more big influx of adopters and sales have moved on to Gasoline hybrids. BC has it's faithful, all hodling and they all have one thing in mind. To sell out as soon as they can get a good return and convert that money into cars and houses. Even if BC was to boom, to double, the number of sellers at 200k would crash it's price overnight. In short, it's unsustainable even in the best of circumstances.

I feel genuinely sorry for the hodlers because they are trapped on a roller-coaster. Some have made decent gains but they can't get off because, "What If" Like lotto players with their favorite numbers that have to stay in the game until they die (or win). But hey, go look at the price chart https://www.coingecko.com/en/coins/bitcoin It's over for this cycle anyway.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')I feel genuinely sorry for the hodlers because they are trapped on a roller-coaster. Some have made decent gains but they can't get off because, "What If" Like lotto players with their favorite numbers that have to stay in the game until they die (or win). But hey, go look at the price chart https://www.coingecko.com/en/coins/bitcoin It's over for this cycle anyway.

[careinke]

Hello All,

Since the month of May just ended, I thought I'd give an update, Spoiler Alert GOLD did not fair very well against BTC.

For May: Gold lost -0.6% and BTC rose 8.44%

Over the last year Gold gained a whopping 40.87%, Still BTC managed to rise 54.92%.

If you continue over 2 years, then 3years, clear back to BTC pizza day the numbers just gets worse for gold.

Speaking of pizza day, those 10,000 BTC are now worth over $1.04 BILLION.

My source for these numbers was Trading View.

PEACE