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Snapolino
snapo@iris.to
npub1tvuq...x3zg
I am a very sarcastic person, dont feel offended by it. BTC Only, i dont pay taxes, i grow my own food, i have my own electricity, own water source, i have my own animals. I will never comply with a Vax or digital ID or any other effort of the Gov to censor my free movement.
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snapo 2 years ago
What i have seen today lets me believe that USDT is much safer.... let me explain why: Deribit is a derivative exchange where i trade most on.... when the depeg happend, the first exit people did chose was Bitcoin! This causes the pair BTCUSDC to trade at 21'500 USD where it did run into the limit (away from the index) ... the move up was immensely fast. So in case the Gov lets USDT fail.... we will see a 1 million+ BTC within 24h (and no i am not mentally ill) ... Most exchanges use USDT as the base USD currency for their spot exchange. This means the only save exit is Bitcoin and there are ONLY 200m USD BTC in the orderbooks across ALL exchanges!!!! let that sink in. 70B USD can not find a new home that quickly. Additionally the funding is immense..... currently at 0.802% / 8h .... to put this into perspective how huge this is.... Thats doubling your long position within 30 days (so 100% return/month) or a stagering 620'656% cumulative return per year!!! I got lucky and opened a very very small long position.... If USDC completely fails yes the position is lost, but it is all about risk and return. 96% of my networth is in BTC, 2% in Gold, and 2% in cash... so no matter what happens i feel safe...
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snapo 2 years ago
This video is soooooo appropriate at the current time....
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snapo 2 years ago
Bitcoin is getting boring :-( i so miss the days where it moved 30% up and down every hour... Bitcoin got now so stable that it takes nearly 6 month to drop 30% or gain 60% ... :-( Thats was an amazing time....
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snapo 2 years ago
It is much better to do something and fail than do nothing or say its impossible.
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snapo 2 years ago
Bitcoin is perfect. Most people want to have a yield, but a yield always includes risk. The more yield you get, the higher the risk of total loss. Everything has a yield (negative or positive). Let's go through some examples of why Bitcoin is absolutely perfect: You think Bonds/Treasuries bear low risk... hell no, always something can happen to your country, be it war, natural disaster, nuclear disaster, and so on.... You think Houses fully paid down bear low risk... hell no, always something can happen to your house, be it war, natural disaster, nuclear disaster, earthquakes, fire, maintenance work, and so on.... You think Bank accounts bear low risk... hell no, always something can happen to your Bank. Banks have, therefore, a negative return, not only because they provide a 0% interest rate, but a government can/will seize everything you have... You think Art bears low risk... hell no, always something can happen to your beautiful art, already the cost for storage, difficulty for selling it, insurance cost.... and so on... You think FIAT under your mattress is very low risk? Keep it there for 20 years and inflation eats it all away! Risk animals eat it... So all in all, you also have here a negative yield. You think Gold under your mattress is very low risk? Your Government can seize it like they did before. If something happens, you can't leave your country with it. The Gov will always work against you! Plus, it inflates by 2% per year! So, as we know now that everything, everywhere bears risk, we can conclude that you will inevitably lose purchasing power on all the aforementioned value stores except Bitcoin. Why? Because on a 100-year timespan, I guarantee you Bitcoin is the only thing that does NOT depreciate in value. Everything else will depreciate in value, no matter how you try to protect yourself from it. Bitcoin is the future with the lowest risk. Bitcoin has a yield, but no one is able to see it. People lose Bitcoin, and this makes yours more valuable. Some people will die and take it to their grave (yes, you can do that with Bitcoin). Continuous deflation makes one richer by not selling.
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snapo 2 years ago
Did the FED stop reporting M2 Velocity??????? i have no update anymore and this is / would be by far the best indicator for hyperinflation or deflation. My last update i get on tradingview is october 22 ... image
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snapo 2 years ago
I think i figured out how Tether works :-) Entity converts USD to USDT 1. Entity sends USD to Tether 2. Tether buys Bitcoin 3. Thether then issues USDT Entity converts USDT to USD 1. Entity sends USDT to Tether 2. Tether sells Bitcoin 3. Tether destroys the USDT in circulation (0 bonds, 0 treasury's, 0 assets .... pure simple unconfiscatable math) The revenue is generated from the spread (time between sell and buy) Just an assumption from my side and probably the reason why the US gov cant do shitt about Tether. It also coincides with when the Marketcap of Tether increases , Bitcoins Marketcap increases too (in parallel to everyone else buying)
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snapo 2 years ago
War creates inflation. The US needs inflation because of its high debt/gdp ratio. A war gives the people reasoning why to print more fiat. People themself only loose because they loose purchasing power. Without a war the US will end in a debt collapse / default.
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snapo 2 years ago
The only thing i not like in NOSTR currently is that everyone begs for Zaps.... i would recommend everyone to block people that just beg for zaps.... saves you time because they do not provide any meaningful content.
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snapo 2 years ago
image Loool 2 Zelensky shittasses... i guess the polish TV has to do some explanation lol
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snapo 2 years ago
Wow , the global feed goes faster than i can read and scroll through :-) You also see all possible languages: - Chinese - Japanese - English - German - Spanish ..... Love it NOSTR is for everyone! i just have to learn to read much more quickly, because if you blink you already missed 10 messages 🤣