Bart's Back!
And he's YUGE this time...
Bitcoin has never been tested as a "SAFE HAVEN" asset in a bear market since it's inception only being in a secular bull market led by QE - 1 - 2- 3- 4 - COVIE STIMI...
I have people calling me left and right.
Do I buy SHIB?
Is DOGE gonna pump?
This is a classic shoeshine boy moment.
There are 2.4 plus MILLION cryptocurrencies on coinmarketcap and that's not counting those that have come and gone. There are 260 NATIONAL currencies.
Think about the chasm between those two numbers.
This space has gone insane!!!!
It's worse than lottery tickets, casinos, and online gambling combined. This is Chinese Ghost cities but in digital fairy dust land. At least they had shell condos. Owning shitcoins literally equals owning NOTHING...
The greater fool theory at it's finest.
The only more insane time than this was the tulip bubble.
But this is on a grander scale.
I ask everyone who calls me. What is SHIB used for? What is it's use case? Why does the world need it and what about it is going to change someone's life to make them change from their currency to SHIB coin..
Obviously NO ONE can answer these questions because there is no logical answer.
Bitcoin has two use cases.
Borderless wealth transfer and Speculation...
(IF) I needed to dip out of my country and had large loot Bitcoin would be the most desirable way to not have to transport GOLD SILVER OR CASH which would likely get confiscated.
BUT I WILL DEFEND MY LAND AND STATE.
I am not conceding!!!
I will stand my ground until they take my Gold, Silver, Land and Guns from my cold dead hands!!!
Therefore Bitcoin has never had any use case in my life except for speculation.
Which is why I haven't felt right about shilling Bitcoin for years.
Because that's literally all it is at this point.
Hoping some poor fool comes into the network hoping to get rich and buys your bags.
Some can say that is all trading is.
And day trading. Yeah. I took part in it for two years. That's literally all you are doing for a "living".
Your contribution to society is selling to fools and buying from idiots all day.
Positional Trading and Investing feels spiritually right.
A rising tide raises all boats.
Gold and Silver have and have had intrinsic value as long the earth has been revolving around the sun.
Great companies that make a product or provide a service are great to invest in when they are at value prices. Today is not that day...
I am with Charlie Munger and Buffett on this. CRYPTO is Rat Poison.
And I know they don't believe in metals either.
They are wrong.
Silver is the next play...
Gonna take a while.
Then Equities.
Bitcoin and all the shitcoins go into the trash bin of history.
Could I be wrong? Sure... Maybe Bitcoin lives. But I just don't care if it does or not. I don't believe in the network or the system anymore.
I can HOLD silver and gold in my hands.
A hardware wallet. Eh....
Just feels fake...
Numbers on a screen is the same system we are apart of. How does that change anything?
How does that help in a EMP attack?
War?
1929 Senario... "BANKING COLLAPSE"
Hold on lemme get my phone out and we will transfer some SATs to each other.
I don't buy it.
And he's YUGE this time...
Bitcoin has never been tested as a "SAFE HAVEN" asset in a bear market since it's inception only being in a secular bull market led by QE - 1 - 2- 3- 4 - COVIE STIMI...
I have people calling me left and right.
Do I buy SHIB?
Is DOGE gonna pump?
This is a classic shoeshine boy moment.
There are 2.4 plus MILLION cryptocurrencies on coinmarketcap and that's not counting those that have come and gone. There are 260 NATIONAL currencies.
Think about the chasm between those two numbers.
This space has gone insane!!!!
It's worse than lottery tickets, casinos, and online gambling combined. This is Chinese Ghost cities but in digital fairy dust land. At least they had shell condos. Owning shitcoins literally equals owning NOTHING...
The greater fool theory at it's finest.
The only more insane time than this was the tulip bubble.
But this is on a grander scale.
I ask everyone who calls me. What is SHIB used for? What is it's use case? Why does the world need it and what about it is going to change someone's life to make them change from their currency to SHIB coin..
Obviously NO ONE can answer these questions because there is no logical answer.
Bitcoin has two use cases.
Borderless wealth transfer and Speculation...
(IF) I needed to dip out of my country and had large loot Bitcoin would be the most desirable way to not have to transport GOLD SILVER OR CASH which would likely get confiscated.
BUT I WILL DEFEND MY LAND AND STATE.
I am not conceding!!!
I will stand my ground until they take my Gold, Silver, Land and Guns from my cold dead hands!!!
Therefore Bitcoin has never had any use case in my life except for speculation.
Which is why I haven't felt right about shilling Bitcoin for years.
Because that's literally all it is at this point.
Hoping some poor fool comes into the network hoping to get rich and buys your bags.
Some can say that is all trading is.
And day trading. Yeah. I took part in it for two years. That's literally all you are doing for a "living".
Your contribution to society is selling to fools and buying from idiots all day.
Positional Trading and Investing feels spiritually right.
A rising tide raises all boats.
Gold and Silver have and have had intrinsic value as long the earth has been revolving around the sun.
Great companies that make a product or provide a service are great to invest in when they are at value prices. Today is not that day...
I am with Charlie Munger and Buffett on this. CRYPTO is Rat Poison.
And I know they don't believe in metals either.
They are wrong.
Silver is the next play...
Gonna take a while.
Then Equities.
Bitcoin and all the shitcoins go into the trash bin of history.
Could I be wrong? Sure... Maybe Bitcoin lives. But I just don't care if it does or not. I don't believe in the network or the system anymore.
I can HOLD silver and gold in my hands.
A hardware wallet. Eh....
Just feels fake...
Numbers on a screen is the same system we are apart of. How does that change anything?
How does that help in a EMP attack?
War?
1929 Senario... "BANKING COLLAPSE"
Hold on lemme get my phone out and we will transfer some SATs to each other.
I don't buy it.
ChARTist @ Large, uncovering Mysteries In the ChARTs daily...