Bitcoin

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Avatar for JeremySagnes
3 years ago
Topics: Abundance, Truth

We can see that the price broke down the 0.5 Fibonacci and bounced off the 0.38 Fib level of $34900. There are three green lines which are significant levels of support and resistance (the white arrows demonstrates the support/resistance points). Globally there is a symmetric triangle pattern, which lower band coincides with the global upward trend line. The really strong support is the $33200, where the lower band, global support and r1 pivot level have a crossover. Another scenario is the rising widening wedge. Now we can see the bounce off it's lower band. As a result we can potentially see the price growth to it's higher band approximately to the ATH level. If the price is able to break the wedge's lower band down the price can find support next to the $33200 level.

This is a good article if you want to understand the money system better. I'm always blown away by the technical words they use that essentially just mean money creation in some form. This was always part of the original plan; to deceive the masses - make it hard to understand so they won't question it. The longer this system survives the more poverty you will see around the world. The Cantillion Effect - all the money flows to the 1% of elites. The wealth concentration of a criminal fiat system is destined to shift to Bitcoiners. The richest people in the world will correlate to the largest addresses seen on the ledger. Bad money will flow to good money; because history has proven people hate losing money - funny that. When someone tells you Bitcoin is for criminals, slap them. Bitcoin propaganda is generally disseminated via the media which is dictated by government agenda. Anything that doesn't fit their narrative is immediately censored.

Banks have the ability to create money out of thin air & loan it out at interest; they have the ability to subtly steal from all their customers. I think it's absolutely absurd regulations allow them to loan out 90% of your savings (Even more now there's no limit). I think it's madness that most of the money in the world isn't even money, it's just digital credit. There is no accountability in this system. The closer you are to the creation of the money the more you profit & the more you screw the little guy. This is why we have a massive debt bubble which could burst at any point. It can never be paid back, it will inevitably collapse - $250T will flow into Bitcoin's black hole. 21m Bitcoin: a public immutable ledger. A completely trust-less system with no requirement for accountability or responsibility.

Growing up, the game of monopoly used to captivate me. Nowadays I see the outright scam. Sure it teaches your to accumulate capital & assets, however it doesn't teach you about how money actually works. It doesn't teach you Austrian Economics. It doesn't teach you to be an ethical or moral human being. If I was a parent, I'd would be teaching my kids everything I could about Bitcoin. Bitcoin is going to be a major part of their lives. The sooner they get it, the more equipped they'll be for the future. In my opinion, I can't imagine a world without it. Stacking any amount of sats today will give you an edge later on.

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Avatar for JeremySagnes
3 years ago
Topics: Abundance, Truth

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