There is inarguable manipulation happening in Bitcoin.
And while it’s reasonable to rationalize it away, let’s be clear that:
- that manipulation is intended to keep you from ever retiring on your BTC investments.
- those front-runners now living on their Bitcoin investments are being forced to sell to the rhetorical “Wall St”. This is the game, and it is irreversible.
Bitcoin Retail is being fleeced by an industry so cohesive and sophisticated it can issue vast paper Bitcoin, not get “FTX’d”, and then recover it - as an Industry - while driving the price ever lower, forcing the Retail to sell to them, ad infinitum.
Plebs are losing the War. We are so out-classed by paper exchanges and little to no Self-Custody ethos that I cannot see Bitcoin undermining Fiat ever. Supporting it, yes, becoming the bedrock for it, as intended. But BTC is flowing into the coffers of Power, we are powerless, the US Dollar Overlords have so outclassed us that they are and will continue driving the price sideways and down for the rest of our lives if need be…and I see no other game-theory sovereign power in the world that wants to go against the US.
I’m experiencing the “long, dark night of the soul”. I sense we have lost, that Bitcoin is becoming a State asset. I have little hope for our children.
I’ve heard that when the Confederate supporters were losing the American Civil War, they began hiding their gold/silver in jars to protect it from the invading Union armies. When you start hiding your Money in hopes your kids can have it someday, you’ve already lost.
And while it’s reasonable to rationalize it away, let’s be clear that:
- that manipulation is intended to keep you from ever retiring on your BTC investments.
- those front-runners now living on their Bitcoin investments are being forced to sell to the rhetorical “Wall St”. This is the game, and it is irreversible.
Bitcoin Retail is being fleeced by an industry so cohesive and sophisticated it can issue vast paper Bitcoin, not get “FTX’d”, and then recover it - as an Industry - while driving the price ever lower, forcing the Retail to sell to them, ad infinitum.
Plebs are losing the War. We are so out-classed by paper exchanges and little to no Self-Custody ethos that I cannot see Bitcoin undermining Fiat ever. Supporting it, yes, becoming the bedrock for it, as intended. But BTC is flowing into the coffers of Power, we are powerless, the US Dollar Overlords have so outclassed us that they are and will continue driving the price sideways and down for the rest of our lives if need be…and I see no other game-theory sovereign power in the world that wants to go against the US.
I’m experiencing the “long, dark night of the soul”. I sense we have lost, that Bitcoin is becoming a State asset. I have little hope for our children.
I’ve heard that when the Confederate supporters were losing the American Civil War, they began hiding their gold/silver in jars to protect it from the invading Union armies. When you start hiding your Money in hopes your kids can have it someday, you’ve already lost.
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