Bitcoin

Another_Saver

planteria said:

The United States M1 money supply have risen by 55%% since February this year. In other words, 35% of all the circulating US dollar bills have been released into the economy in just ten months.

an extraordinary stat, and that is the real brrrrrr that Another Saver ought to refer to.

What does this have to do with bitcoin? Also please, please don't tell me what I ought to do.

[Deleted User]

planteria said:

The United States M1 money supply have risen by 55%% since February this year. In other words, 35% of all the circulating US dollar bills have been released into the economy in just ten months.

an extraordinary stat, and that is the real brrrrrr that Another Saver ought to refer to.

I wish to have more to say about that but I've put ignore on both forum trolls Ed Gasket and AnotherTroll already.

In the meantime Bitcoin is devouring traditional investments performance with its +200% 1Y result, but to naysayers and trolls it doesn't exist and it's not an investment. Well, it isn't for them but it is for everyone else.

planteria

Another_Saver said:

What does this have to do with bitcoin? Also please, please don't tell me what I ought to do.

apologies if you found that to be rude, which wasn't my intention.. what it has to do with bitcoin is that 'the money printer goes brrrrr' relates to the enormous 'printing' of fiat currency this year. bitcoin is one of the obvious alternatives, arguably set to benefit, in fiat terms, as a result.
and you're right of course patient. bitcoin is shaping up to be a life changing investment for some of us. there are some really interesting people involved too, and this strange year has provided more time to read/listen/think, which has been very helpful.

RichTips

Another_Saver said:

planteria said:

The United States M1 money supply have risen by 55%% since February this year. In other words, 35% of all the circulating US dollar bills have been released into the economy in just ten months.

an extraordinary stat, and that is the real brrrrrr that Another Saver ought to refer to.

What does this have to do with bitcoin? Also please, please don't tell me what I ought to do.

I think the connection being made is that the creation of Bitcoin is occurring at a slower rate than that of fiat currency, while demand is also increasing for Bitcoin.

Another_Saver

🤦‍♂️
I give up

Qubit

Money Printer go Brrrrr.  https://brrr.money/

Malthusian

[Deleted User] said:

Of course, those who didn't wait crystallized a loss. Those who did, with Bitcoin at all time high now, can close their position at a profit - everyone who ever invested.

Please tell us more about how everyone who currently holds Bitcoin can cash out at a profit. Specifically, where the money (or money's worth) to fund these withdrawals would come from.
If everyone who ever invested closes their positions at a profit, that means new punters have handed over money for their Bitcoin. How are those new players going to cash out at a profit?

[Deleted User]

Malthusian said:

[Deleted User] said:

Of course, those who didn't wait crystallized a loss. Those who did, with Bitcoin at all time high now, can close their position at a profit - everyone who ever invested.

Please tell us more about how everyone who currently holds Bitcoin can cash out at a profit. Specifically, where the money (or money's worth) to fund these withdrawals would come from.
If everyone who ever invested closes their positions at a profit, that means new punters have handed over money for their Bitcoin. How are those new players going to cash out at a profit?

Use google to find out where Bitcoin is being bought and sold if you really don't know. Tip:

https://www.bitcointradevolume.com/

These are Bitcoin exchanges there. For example, Bitcoin daily volume on exchanges is $8,309,961,048 today (only spot volume, no CFDs etc). Bitcoin futures contracts volume is $2,692,665,813 today.

"If everyone who ever invested closes their positions at a profit, that means new punters have handed over money for their Bitcoin. How are those new players going to cash out at a profit?"

Why would you assume everyone is going to sell their Bitcoin? Institutional money is buying right now, not selling. That's what fuelling price appreciation, among many other things. But anyway, you are free to buy or sell at any time, if you are late to the party and there is subsequent price crash, you may need to wait years like people who bought at the top in 2017-18 did, because price dropped. Bitcoin is volatile. Do not invest in it if you don't understand that.

PS. Can you elaborate more on Bitcoin vs milk investment? That''s really interesting idea you mentioned there that maybe investment funds should be buying edible perishable assets instead of Bitcoin? So far, this was not the case.

RichTips

Malthusian said:

[Deleted User] said:

Of course, those who didn't wait crystallized a loss. Those who did, with Bitcoin at all time high now, can close their position at a profit - everyone who ever invested.

Please tell us more about how everyone who currently holds Bitcoin can cash out at a profit. Specifically, where the money (or money's worth) to fund these withdrawals would come from.
If everyone who ever invested closes their positions at a profit, that means new punters have handed over money for their Bitcoin. How are those new players going to cash out at a profit?

Leave it to a Malthusian to think in those terms.

Another_Saver

[Deleted User] said:

planteria said:

The United States M1 money supply have risen by 55%% since February this year. In other words, 35% of all the circulating US dollar bills have been released into the economy in just ten months.

an extraordinary stat, and that is the real brrrrrr that Another Saver ought to refer to.

I wish to have more to say about that but I've put ignore on both forum trolls Ed Gasket and AnotherTroll already.

In the meantime Bitcoin is devouring traditional investments performance with its +200% 1Y result, but to naysayers and trolls it doesn't exist and it's not an investment. Well, it isn't for them but it is for everyone else.

"Everyone else"... Right