Anyone wondering where the money for a real bull run on the equity of Bitcoin can ultimately come from should take a look at the development of money market funds. A massive amount of capital continues to flow into these low-interest securities with seemingly top credit ratings. The fiat system has managed to disguise the credit risks and successfully place the new short-dated government bonds on the market.
87 sats \ 19 replies \ @siggy47 10 Mar
Old people still love these things. It's as if inflation was < 1% per year.
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189 sats \ 17 replies \ @TomK OP 10 Mar
I just had a conversation with someone from Germany who bought bitcoin for €500 a few weeks ago and is now annoyed that he only made 40%. i have no idea about money at all, there are much better coins on the market. it's exasperating, people here in europe really have no financial education at all.
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20 sats \ 16 replies \ @siggy47 10 Mar
That's unbelievable.
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63 sats \ 15 replies \ @TomK OP 10 Mar
and I've talked to at least 20 people about the introduction of ETFs and about possible banking crises etc etc-no one is getting the point here, it's all about climate change
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132 sats \ 14 replies \ @carlosfandango 10 Mar
People don’t care. I thought it was ignorance of complicated finance terms now I believe it is a head-in-the-sand response. They sort of know and they don’t want to be reminded of it. .
Climate catastrophe or ‘the illegal invasion of blah-blah….’ Are certainly buzz terms in the EU at the moment
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21 sats \ 9 replies \ @TomK OP 10 Mar
And Putin....
But I think it's a mixture of stupidity and ignorance. And the unchallanged believe in the omnipotent state.
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85 sats \ 8 replies \ @shado_op 10 Mar
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36 sats \ 5 replies \ @TomK OP 10 Mar
yes, you're absolutely right about the difference in mentality. i myself also feel almost completely alone as a libertarian. But imagine if you had to discuss integrating Bitcoin into a pension fund with these people. I can't imagine that we could build any kind of rational bridge to these people
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31 sats \ 1 reply \ @shado_op 10 Mar
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21 sats \ 3 replies \ @Fabs 11 Mar
I'm with ya on that: people simply don't care until there's another bull run and hear about that guy in the family that does own some bitcoin; he's suddenly more popular than ever in the family. I'm talking from recent experiences.
They could've been up there with me, but nooo, I don't know what I'm doing, yeah right.
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20 sats \ 2 replies \ @TomK OP 11 Mar
At the beginning of the last cycle, I talked my tongue to my German friends. One of them saw Bitcoin as a casino and is now complaining to me that the 500 euros he invested only yielded a 40% return. It's unbelievable, but the majority of Europeans are communists at heart. That's why they have such a problem with freedom technology like Bitcoin. They will vehemently oppose it to the last moment and defend everything their rulers tell them to do.
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21 sats \ 1 reply \ @Fabs 11 Mar
Fuck them, more for me.
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105 sats \ 0 replies \ @carlosfandango 10 Mar
And antiquated financial planners still push these as ‘part of a balanced portfolio’
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100 sats \ 2 replies \ @TomK OP 10 Mar
Found this one: USD6.3T in MMF... this will be THE wave
https://m.stacker.news/19840
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46 sats \ 1 reply \ @BlokchainB 10 Mar
Doing nothing and seeing your fiat balance go up is the ultimate dopamine rush. Especially if you have a ton of cash. Plus it comes with the security that you have zero risk of losing anything to the down side. I honestly think once the volatility of BTC goes away to the down side the. You would have to be an absolute fool to keep cash parked in these money market funds
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50 sats \ 0 replies \ @TomK OP 10 Mar
Yep
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21 sats \ 5 replies \ @Coinsreporter 10 Mar
What do you say about the long term prospects of these flows? Are they indicating towards a good times for the next decade or so? If not, why people rushing behind short term 'security'.
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1 sat \ 4 replies \ @TomK OP 10 Mar
i have the impression that this is dumb money chasing opportunities. the recent rise in interest rates coupled with disinflation may have contributed to this movement. But that doesn't mean it will stay that way. I can see this money moving further out on the risk curve very soon
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0 sats \ 3 replies \ @Coinsreporter 10 Mar
You mean these dumpster are like frogs only coming out while it rains. They will always appear and disappear.
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1 sat \ 2 replies \ @TomK OP 10 Mar
These are the typical bag holders and the end of each credit cycle and people that do what the banksters and their salesmen tell them.
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0 sats \ 1 reply \ @Coinsreporter 10 Mar
So, the bags are the real reason, I guess.😜 I am gonna be buying more bags now.
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0 sats \ 0 replies \ @TomK OP 10 Mar
Yes, buy btc bags as much as You can!
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0 sats \ 1 reply \ @Satoshis_Code 10 Mar
I am stacker poor. Lol. Its now 100 sats to make a post?! What happened? Lol... thristy
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0 sats \ 0 replies \ @TomK OP 10 Mar
It's the spam filter to avoid falling down on 'X' level
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