Gregory, not too surprised you went bullish on a day when yields are once again rising on the 10YR with DXY less than 1% from it's 2YR high. So much for the MMRI. Buying into MMRI over 300? I don't know what to think of you, brother. I have to admit, you nailed it since before the Covid Crash. You're almost what I would describe as a permabull. Are you? I think so.
And why do you always lead your "lions" to Bitcoin? What is up with that?
Bitcoin is not money. It will never be money. When the Bitcoin pumpers recite their list of money characteristics (portability, divisibility, etc), they always leave out the one characteristic of money that Bitcoin doesn't have: stability. Without stability, you can't lend in it or denominate prices in it. If you can't lend in it or denominate prices in it, guess what? It ain't money.
The halving's ensure that Bitcoin will never be stable. The price of Bitcoin needs to double every 4 years or all the miners go broke. The only path to stability for Bitcoin is to abandon halvings, and instead of compensating miners with inflation of the Bitcoin supply, they would compensate them with 100% transaction fees.
RIOT burned 1,117 MWh in Q3 to earn one Bitcoin. A miner will facilitate 2,000 to 3,000 transactions to earn one block reward, which is 3.125 Bitcoin. And a transaction is a transaction, the same amount of work is used to facilitate a Bitcoin transaction of one Satoshi, one Bitcoin or 100 Bitcoin. The math is simple, a 4th grader could do it. The energy cost to facilitate one transaction is more than the typical US household uses per month. This, of course, ignores replacing all your processors every two years and all the other costs that go into any business.
If Bitcoin were to choose the only path to stability --- transaction fees --- the cost for a guy who dollar cost averages into Bitcoin every payday would be well north of $150 (and I'm being super conservative) just to buy a few Satoshis. He'd be effectively blocked from being a buyer. Without those buyers, the price would collapse.
I bet you don't reply to this. The truth hurts. You've been conned into a ponzi that is mathematically certain to go to zero. Bitcoin Bulls hate the truth, can't handle the truth, don't want the truth and avoid the truth at all costs.
I've been learning from / watching Gregory for over 3 years now and he has helped me tremendously. I'm sorry things haven't worked out for you but the ugliness in your post is unnecessary. If you don't like Gregory's teaching, try another channel. God Bless you.
"The halvings are specifically designed to incrementally limit BTC supply, until eventually, reaching the preordained fixed limit of BTC as decreed by its creator."
You do realize, there are 29 more halvings over the next 116 years, right? That puts Bitcoin at over $53 Billion per Bitcoin with a market cap of $1,127,428,915,200,000,000,000. Do you seriously think this is realistic? That is One sextillion, one hundred twenty-seven quintillion, four hundred twenty-eight quadrillion, nine hundred fifteen trillion, two hundred billion
"When the preordained amount of BTC has been achieved, there will be no further need, nor demand for BTC miners."
How do transactions get facilitated without the miners?
Just the fact that CNBC has been pumping the s#!t out of Bitcoin for over a decade while barely mentioning gold should be such a massive red flag to anyone capable of critical thought. Bitcoin is going to zero, it's a mathematical certainty. Get out now while you still can. It's a bubble, no different than Fart Coin. If you think for a second that Bitcoin will survive the impending Nasdaq crash, you are kidding yourself. Bitcoin is a Risk On trade. The correlation with Nasdaq with undeniable.
Never sold it
That’s a large position for me
Greg, why? The MMRI is still too high
Gregory, not too surprised you went bullish on a day when yields are once again rising on the 10YR with DXY less than 1% from it's 2YR high. So much for the MMRI. Buying into MMRI over 300? I don't know what to think of you, brother. I have to admit, you nailed it since before the Covid Crash. You're almost what I would describe as a permabull. Are you? I think so.
And why do you always lead your "lions" to Bitcoin? What is up with that?
Bitcoin is not money. It will never be money. When the Bitcoin pumpers recite their list of money characteristics (portability, divisibility, etc), they always leave out the one characteristic of money that Bitcoin doesn't have: stability. Without stability, you can't lend in it or denominate prices in it. If you can't lend in it or denominate prices in it, guess what? It ain't money.
The halving's ensure that Bitcoin will never be stable. The price of Bitcoin needs to double every 4 years or all the miners go broke. The only path to stability for Bitcoin is to abandon halvings, and instead of compensating miners with inflation of the Bitcoin supply, they would compensate them with 100% transaction fees.
RIOT burned 1,117 MWh in Q3 to earn one Bitcoin. A miner will facilitate 2,000 to 3,000 transactions to earn one block reward, which is 3.125 Bitcoin. And a transaction is a transaction, the same amount of work is used to facilitate a Bitcoin transaction of one Satoshi, one Bitcoin or 100 Bitcoin. The math is simple, a 4th grader could do it. The energy cost to facilitate one transaction is more than the typical US household uses per month. This, of course, ignores replacing all your processors every two years and all the other costs that go into any business.
If Bitcoin were to choose the only path to stability --- transaction fees --- the cost for a guy who dollar cost averages into Bitcoin every payday would be well north of $150 (and I'm being super conservative) just to buy a few Satoshis. He'd be effectively blocked from being a buyer. Without those buyers, the price would collapse.
I bet you don't reply to this. The truth hurts. You've been conned into a ponzi that is mathematically certain to go to zero. Bitcoin Bulls hate the truth, can't handle the truth, don't want the truth and avoid the truth at all costs.
I've been learning from / watching Gregory for over 3 years now and he has helped me tremendously. I'm sorry things haven't worked out for you but the ugliness in your post is unnecessary. If you don't like Gregory's teaching, try another channel. God Bless you.
"The halvings are specifically designed to incrementally limit BTC supply, until eventually, reaching the preordained fixed limit of BTC as decreed by its creator."
You do realize, there are 29 more halvings over the next 116 years, right? That puts Bitcoin at over $53 Billion per Bitcoin with a market cap of $1,127,428,915,200,000,000,000. Do you seriously think this is realistic? That is One sextillion, one hundred twenty-seven quintillion, four hundred twenty-eight quadrillion, nine hundred fifteen trillion, two hundred billion
"When the preordained amount of BTC has been achieved, there will be no further need, nor demand for BTC miners."
How do transactions get facilitated without the miners?
Just the fact that CNBC has been pumping the s#!t out of Bitcoin for over a decade while barely mentioning gold should be such a massive red flag to anyone capable of critical thought. Bitcoin is going to zero, it's a mathematical certainty. Get out now while you still can. It's a bubble, no different than Fart Coin. If you think for a second that Bitcoin will survive the impending Nasdaq crash, you are kidding yourself. Bitcoin is a Risk On trade. The correlation with Nasdaq with undeniable.
I pulled everything but my commodities out
Math Challenge:
U.S. Backed South Korea vs. China
https://x.com/gunsnrosesgirl3/status/1875138464070660379
A sign of the times for sure.
I buy JEPQ with my money market income every month.
Greg. If you’re expecting a meltdown in the bond market why are you taking on a high level of risk with this kind of investment?
As I said, I will talk about why I did this during my livestream.
Can’t buy what you can afford but I just bought a few more shares of JEPQ in past few days
Nvidia expected to announce new gaming cards Jan 6. Potential day trade?
I agree with a game-changing announcement.
Good. Too big to fail JPMorgan. About as safe as it it gets these days
Why?
You must feel something I don’t feel. I still feel cautious.
Thanks Gregory
a link to jp web site prospectus and more, the investments etc. https://am.jpmorgan.com/JPMorgan/TVT/46654Q203/SP?site=JPMorganv3
20K...small position...?😁