+- Rajat Soni, CFA -- 677d -------------------------------------------------[...]+ | | | Most people reject #Bitcoin without studying it | | | | They think they're smart, so they expect to understand it quickly and easily | | | | So instead of digging deeper after things get complicated, they conclude that | | Bitcoin is a scam | | | | This is why thousands of hours of study are required | | | | If you don't put in the thousands of hours, you will always have doubts in the | | back of your mind | | | | It's pretty interesting that someone who studied Bitcoin for thousands of | | hours can see how little someone else has studied bitcoin | | | | I think | | @PeterSchiff | | is an example of a Bitcoin hater who hasn't put in the required hours to | | understand Bitcoin | | | | In fact, I think he has put in no time at all | | | | I don't think he's lying when he says he doesn't own bitcoin | | | | He doesn't understand it! | | | | He thinks we will go to a gold backed cryptocurrency | | | | Anyone who has studied bitcoin realizes how stupid this is... | | | | To back a cryptocurrency with gold, YOU NEED CUSTODIANS | | | | We would be right back to a fiat currency system because whoever the | | custodians are... | | | | Will collude with governments and you'll have your money confiscated again | | like in 1933 | | | | The point of bitcoin is to avoid custodians | | | | You can have a custodian hold your Bitcoin for you (eg. Exchanges or ETFs) | | | | But you have the option to hold it yourself! | | | | "But hou can take self custody of gold too" | | | | If someone has $10,000,000 of gold, would they feel safe keeping it in their | | house? | | | | If they need to leave their country for whatever reason, can they take that | | gold with them? | | | | A gold backed cryptocurrency BRINGS YOU RIGHT BACK TO CENTRALIZATION | | | | You would need trusted custodians to settle payments... | | | | The point of Bitcoin is to AVOID this | | | | Governments can capture financial institutions that hold customer funds much | | more easily than millions or even billions of people who have their own secret | | way of keeping their Bitcoin | | | +-- reply ------------------------------------------------------------------- ---+Most people reject #Bitcoin without studying it They think they're smart, so they expect to understand it quickly and easily So instead of digging deeper after things get complicated, they conclude that Bitcoin is a scam This is why thousands of hours of study are required If you don't put in the thousands of hours, you will always have doubts in the back of your mind It's pretty interesting that someone who studied Bitcoin for thousands of hours can see how little someone else has studied bitcoin I think @PeterSchiff is an example of a Bitcoin hater who hasn't put in the required hours to understand Bitcoin In fact, I think he has put in no time at all I don't think he's lying when he says he doesn't own bitcoin He doesn't understand it! He thinks we will go to a gold backed cryptocurrency Anyone who has studied bitcoin realizes how stupid this is... To back a cryptocurrency with gold, YOU NEED CUSTODIANS We would be right back to a fiat currency system because whoever the custodians are... Will collude with governments and you'll have your money confiscated again like in 1933 The point of bitcoin is to avoid custodians You can have a custodian hold your Bitcoin for you (eg. Exchanges or ETFs) But you have the option to hold it yourself! "But hou can take self custody of gold too" If someone has $10,000,000 of gold, would they feel safe keeping it in their house? If they need to leave their country for whatever reason, can they take that gold with them? A gold backed cryptocurrency BRINGS YOU RIGHT BACK TO CENTRALIZATION You would need trusted custodians to settle payments... The point of Bitcoin is to AVOID this Governments can capture financial institutions that hold customer funds much more easily than millions or even billions of people who have their own secret way of keeping their Bitcoin
npub13wl6gy2kp02zafh6vr8jfh58mzxxeza7as5mmx325xyq9x4z9rxqgpnp8z
rajatsonifnance@nostrcheck.me
🎯 I'm the Bitcoin guy 💼 10 years of finance industry experience 🧠 1 BTC = ∞ USD
+- Rajat Soni, CFA -- 677d -------------------------------------------------[...]+ | | | Real estate and stocks are a scam but 99% of people aren't ready for this | | conversation yet | | | | #Bitcoin will take over both of these markets over time | | | | Real estate is a way for governments to extract property taxes and for banks | | to earn interest | | | | Governments want home prices to go up so homeowners feel a false sense of | | security and pay more in property taxes over time | | | | Banks want prices to go up so they can hand out bigger loans and earn more | | interest | | | | Stocks are a way for Wall Street to earn profits | | | | When you can hold your own assets, you don't need the financial industry to | | hold them for you and governments also can't track your wealth | | | | How many people hold the deed their house or stock certificates? | | | | Probably less than 1% | | | | This means the financial industry owns our assets and it can take those assets | | away from us | | | | Stocks are held by custodians and they can do whatever they want with your | | wealth | | | | GME is the best example of this scam | | | | Hedge funds were shorting more shares than what was in existence | | | | They were intentionally trying to bring the stock to zero to maximize their | | profits | | | | Real estate should NOT be an investment but we've been brainwashed to believe | | it is | | | | We use real estate as collateral for debt | | | | The wealthiest people have hundreds or even thousands of units and they are | | being used as savings accounts | | | | When people buy more houses than they need, they compete with families who are | | trying to buy a house to live in | | | | This pushes house prices up and prevents people from having a stable living | | situation | | | | Bitcoin is an abstract concept and many retail investors get angry at the idea | | of it being widely used as a savings tool | | | | EVEN THOUGH IT WOULD DIRECTLY BENEFIT THEM | | | +-- reply ------------------------------------------------------------------- ---+Real estate and stocks are a scam but 99% of people aren't ready for this conversation yet #Bitcoin will take over both of these markets over time Real estate is a way for governments to extract property taxes and for banks to earn interest Governments want home prices to go up so homeowners feel a false sense of security and pay more in property taxes over time Banks want prices to go up so they can hand out bigger loans and earn more interest Stocks are a way for Wall Street to earn profits When you can hold your own assets, you don't need the financial industry to hold them for you and governments also can't track your wealth How many people hold the deed their house or stock certificates? Probably less than 1% This means the financial industry owns our assets and it can take those assets away from us Stocks are held by custodians and they can do whatever they want with your wealth GME is the best example of this scam Hedge funds were shorting more shares than what was in existence They were intentionally trying to bring the stock to zero to maximize their profits Real estate should NOT be an investment but we've been brainwashed to believe it is We use real estate as collateral for debt The wealthiest people have hundreds or even thousands of units and they are being used as savings accounts When people buy more houses than they need, they compete with families who are trying to buy a house to live in This pushes house prices up and prevents people from having a stable living situation Bitcoin is an abstract concept and many retail investors get angry at the idea of it being widely used as a savings tool EVEN THOUGH IT WOULD DIRECTLY BENEFIT THEM
+- Rajat Soni, CFA -- 677d -------------------------------------------------[...]+ | | | Investing in stocks and real estate makes you rich at the expense of anyone | | who doesn't/can't invest in stocks and real estate | | | +-- reply ------------------------------------------------------------------- ---+Investing in stocks and real estate makes you rich at the expense of anyone who doesn't/can't invest in stocks and real estate
+- Rajat Soni, CFA -- 677d -------------------------------------------------[...]+ | | | How the average person lives their life: | | | | 1) Go to school for 20+ years | | 2) Go to work for 40+ years | | 3) Be free for 5-15 years | | 4) Die | | | | This is like the phrase "pay yourself first": | | | | The majority of people save what's left over after expenses | | | | Similarly, they live life in the time that's left over after working for | | someone else most of their life | | | | Change the narrative | | | | Build businesses in your free time instead of watching TV | | | | Buy assets with your income instead of spending it on useless plastic goods | | from Amazon | | | | Take the time to learn about personal finance instead of focusing on celebrity | | gossip | | | | You'll retire way earlier than the average, and you can spend ALL your time | | however you want | | | +-- reply ------------------------------------------------------------------- ---+How the average person lives their life: 1) Go to school for 20+ years 2) Go to work for 40+ years 3) Be free for 5-15 years 4) Die This is like the phrase "pay yourself first": The majority of people save what's left over after expenses Similarly, they live life in the time that's left over after working for someone else most of their life Change the narrative Build businesses in your free time instead of watching TV Buy assets with your income instead of spending it on useless plastic goods from Amazon Take the time to learn about personal finance instead of focusing on celebrity gossip You'll retire way earlier than the average, and you can spend ALL your time however you want
+- Rajat Soni, CFA -- 716d -------------------------------------------------[...]+ | | | Inflation isn't a way to incentivize spending... | | | | It's a way to incentivize investing. | | | | A government's goal is to keep your wealth concentrated within its | | jurisdiction so it can charge taxes. | | | | 50% wealth taxes, property tax, etc. | | | | #Bitcoin takes this power away from governments. | | | +-- reply ------------------------------------------------------------------- ---+Inflation isn't a way to incentivize spending... It's a way to incentivize investing. A government's goal is to keep your wealth concentrated within its jurisdiction so it can charge taxes. 50% wealth taxes, property tax, etc. #Bitcoin takes this power away from governments.
+- Rajat Soni, CFA -- 716d -------------------------------------------------[...]+ | | | Mike Tyson made over $500M in his career and he still went bankrupt | | | | If you can't control your spending you'll ALWAYS be broke, no matter how money | | much you make | | | +-- reply ------------------------------------------------------------------- ---+Mike Tyson made over $500M in his career and he still went bankrupt If you can't control your spending you'll ALWAYS be broke, no matter how money much you make
+- Rajat Soni, CFA -- 716d -------------------------------------------------[...]+ | | | The cost of living will rise forever. | | | | But why? | | | | There's a very simple explanation: | | | | The amount of money chasing the number of goods available to be consumed is | | rising. | | | | Let me give you a simple example: | | | | Year 1: you have 100 apples and $100 in the economy, the price of an apple | | should be $1. | | | | Let's say because of technological innovation we can produce 110 apples in | | year 2. | | | | The supply of apples has gone up but the amount of money chasing those apples | | stays the same. | | | | The price *should* decrease to ~$0.91. | | | | What happens if the amount of currency in the economy increases faster than | | the number of apples? | | | | What if apple production can't keep up with money production? | | | | Year 2: 110 apples, $120 in the economy. The price of apples rises to $1.09. | | | | I know this is overly simplified and there are a lot more factors to consider. | | | | But as the amount of money in proportion to the number of goods increases, we | | see prices rise. | | | | When the US government borrows trillions of dollars, what is that money being | | used for? | | | | If it's not spent on investing in production, PRICES WILL RISE. | | | | Maybe we won't see the impact in the short term, but over the long term, this | | results in a decrease in purchasing power. | | | | The same amount of money can buy fewer goods because there are more units of | | currency than goods in the economy. | | | | We are seeing this happen in real-time! | | | | Apples haven't gone from $1/pound to $1.09 per pound. | | | | They've risen 3-5x. | | | | I remember when apples were $0.79/pound and now I see them at | | $2.49-$2.99/pound. | | | | Today, there are so many ways that money enters the economy, and this wouldn't | | be a problem if it were used as an investment to increase the quality/quantity | | of goods. | | | | But it's not. | | | | Instead of being invested, the new money is being used to incentivize a | | DECREASE in production. | | | | Governments incentivize citizens to STOP BEING PRODUCTIVE! | | | | Social security exists to incentivize retirement (a period where people spend | | but don't produce). | | | | Tax benefits on real estate are used to incentivize purchasing homes to make | | money (instead of producing other goods and services). | | | | Billions are spent on the military and this spending leads to death and | | destruction instead of prosperity (taking away labor from production of goods | | and services). | | | | This is why your cost of living constantly goes up. | | | | For every action, there will always be an equal and opposite reaction. | | | | When one group gets to make decisions and take action without putting in the | | work required to make it happen, someone else has to work twice as hard to do | | the required work. | | | | Instead of teaching kids how to invest, governments offer free money to | | retirees. | | | | By the time Millennials and Gen Z are supposed to receive social security, the | | benefits will be worthless because all of the value will have been extracted | | already. | | | | When real estate investors are told to buy homes because of tax benefits, the | | supply of homes in the economy for people who want to buy them to live in | | decreases. | | | | When the military receives billions of dollars to train members on how to kill | | others, those members are NOT producing actual goods and services that society | | needs. | | | | All of these resources (labor, raw materials, goods, and services) are taken | | away from other parts of the economy. | | | | Since you can't print resources but demand is essentially unlimited (as | | population grows so does demand), prices have nowhere to go but UP. | | | | Instead of investing in the future, governments incentivize spending and then | | promise to pick up the slack for people at an older age. | | | | Governments get to print the money we use today. | | | | They will print forever. | | | | Prices will rise forever. | | | | You must either defend what they do and learn to deal with the consequences, | | or you can do something about it. | | | | "But I have no control over this!" | | | | STUDY BITCOIN. | | | | The supply of everything else can increase, but there will never be more than | | 21 million Bitcoin. | | | | Prices will always fall when you save in Bitcoin! | | | +-- reply ------------------------------------------------------------------- ---+The cost of living will rise forever. But why? There's a very simple explanation: The amount of money chasing the number of goods available to be consumed is rising. Let me give you a simple example: Year 1: you have 100 apples and $100 in the economy, the price of an apple should be $1. Let's say because of technological innovation we can produce 110 apples in year 2. The supply of apples has gone up but the amount of money chasing those apples stays the same. The price *should* decrease to ~$0.91. What happens if the amount of currency in the economy increases faster than the number of apples? What if apple production can't keep up with money production? Year 2: 110 apples, $120 in the economy. The price of apples rises to $1.09. I know this is overly simplified and there are a lot more factors to consider. But as the amount of money in proportion to the number of goods increases, we see prices rise. When the US government borrows trillions of dollars, what is that money being used for? If it's not spent on investing in production, PRICES WILL RISE. Maybe we won't see the impact in the short term, but over the long term, this results in a decrease in purchasing power. The same amount of money can buy fewer goods because there are more units of currency than goods in the economy. We are seeing this happen in real-time! Apples haven't gone from $1/pound to $1.09 per pound. They've risen 3-5x. I remember when apples were $0.79/pound and now I see them at $2.49-$2.99/pound. Today, there are so many ways that money enters the economy, and this wouldn't be a problem if it were used as an investment to increase the quality/quantity of goods. But it's not. Instead of being invested, the new money is being used to incentivize a DECREASE in production. Governments incentivize citizens to STOP BEING PRODUCTIVE! Social security exists to incentivize retirement (a period where people spend but don't produce). Tax benefits on real estate are used to incentivize purchasing homes to make money (instead of producing other goods and services). Billions are spent on the military and this spending leads to death and destruction instead of prosperity (taking away labor from production of goods and services). This is why your cost of living constantly goes up. For every action, there will always be an equal and opposite reaction. When one group gets to make decisions and take action without putting in the work required to make it happen, someone else has to work twice as hard to do the required work. Instead of teaching kids how to invest, governments offer free money to retirees. By the time Millennials and Gen Z are supposed to receive social security, the benefits will be worthless because all of the value will have been extracted already. When real estate investors are told to buy homes because of tax benefits, the supply of homes in the economy for people who want to buy them to live in decreases. When the military receives billions of dollars to train members on how to kill others, those members are NOT producing actual goods and services that society needs. All of these resources (labor, raw materials, goods, and services) are taken away from other parts of the economy. Since you can't print resources but demand is essentially unlimited (as population grows so does demand), prices have nowhere to go but UP. Instead of investing in the future, governments incentivize spending and then promise to pick up the slack for people at an older age. Governments get to print the money we use today. They will print forever. Prices will rise forever. You must either defend what they do and learn to deal with the consequences, or you can do something about it. "But I have no control over this!" STUDY BITCOIN. The supply of everything else can increase, but there will never be more than 21 million Bitcoin. Prices will always fall when you save in Bitcoin!
+- Rajat Soni, CFA -- 716d -------------------------------------------------[...]+ | | | Baby steps apply everywhere, whether it's personal finance or fitness. | | | | Going to the gym for the first time and trying to bench 800 pounds will make | | you feel terrible. | | | | You probably won't go back. | | | | Lifting 80 pounds instead might actually make you feel good and keep going | | back! | | | +-- reply ------------------------------------------------------------------- ---+Baby steps apply everywhere, whether it's personal finance or fitness. Going to the gym for the first time and trying to bench 800 pounds will make you feel terrible. You probably won't go back. Lifting 80 pounds instead might actually make you feel good and keep going back!
+- Rajat Soni, CFA -- 716d -------------------------------------------------[...]+ | | | Bitcoin is misunderstood by most people because almost nobody has thousands of | | hours to learn the following topics in depth: | | | | - Why gold was money for thousands of years | | - Central banking | | - Fractional reserve banking | | - Executive Order 6102 | | - The Nixon Shock | | - What is fiat currency | | - Money creation in the legacy financial system | | - Bitcoin supply and demand | | - Decentralization | | | | After you put in the time, it becomes obvious that decentralized uncorruptible | | money is where the world is going. | | | | Before you put in the time, it seems like buying Bitcoin is like buying air. | | | +-- reply ------------------------------------------------------------------- ---+Bitcoin is misunderstood by most people because almost nobody has thousands of hours to learn the following topics in depth: - Why gold was money for thousands of years - Central banking - Fractional reserve banking - Executive Order 6102 - The Nixon Shock - What is fiat currency - Money creation in the legacy financial system - Bitcoin supply and demand - Decentralization After you put in the time, it becomes obvious that decentralized uncorruptible money is where the world is going. Before you put in the time, it seems like buying Bitcoin is like buying air.
+- Rajat Soni, CFA -- 716d -------------------------------------------------[...]+ | | | Bitcoin is misunderstood by most people because almost nobody has thousands of | | hours to learn the following topics in depth: | | | | - Why gold was money for thousands of years | | - Central banking | | - Fractional reserve banking | | - Executive Order 6102 | | - The Nixon Shock | | - What is fiat currency | | - Money creation in the legacy financial system | | - Bitcoin supply and demand | | - Decentralization | | | | After you put in the time, it becomes obvious that decentralized uncorruptible | | money is where the world is going. | | | | Before you put in the time, it seems like buying Bitcoin is like buying air. | | | +-- reply ------------------------------------------------------------------- ---+Bitcoin is misunderstood by most people because almost nobody has thousands of hours to learn the following topics in depth: - Why gold was money for thousands of years - Central banking - Fractional reserve banking - Executive Order 6102 - The Nixon Shock - What is fiat currency - Money creation in the legacy financial system - Bitcoin supply and demand - Decentralization After you put in the time, it becomes obvious that decentralized uncorruptible money is where the world is going. Before you put in the time, it seems like buying Bitcoin is like buying air.
+- Rajat Soni, CFA -- 716d -------------------------------------------------[...]+ | | | There are former professional athletes who are broke and miserable, after a | | career that earned $100m. | | | | If you don't get serious about cutting back on your expenses, you can never | | truly be free from financial obligations. | | | | This applies whether you earn $500 or 8 figures a year! | | | +-- reply ------------------------------------------------------------------- ---+There are former professional athletes who are broke and miserable, after a career that earned $100m. If you don't get serious about cutting back on your expenses, you can never truly be free from financial obligations. This applies whether you earn $500 or 8 figures a year!
+- Rajat Soni, CFA -- 716d -------------------------------------------------[...]+ | | | "Trying to sell the rest of my #Bitcoin in Japan. I'm tired of crypto and want | | to get out (and get my JPY back)."https://m.primal.net/IFHe.jpg | | https://m.primal.net/IFHf.jpg | | | +-- reply ------------------------------------------------------------------- ---+"Trying to sell the rest of my #Bitcoin in Japan. I'm tired of crypto and want to get out (and get my JPY back)."https://m.primal.net/IFHe.jpg https://m.primal.net/IFHf.jpg
+- Rajat Soni, CFA -- 716d -------------------------------------------------[...]+ | | | Financial institutions rely on you NOT understanding how money works. | | | | When you become financially literate, you realize that: | | | | 1) Earning 1% from your savings is very low | | 2) The 20% interest rate on your credit card is too high | | 3) Not saving means you will likely work forever | | | +-- reply ------------------------------------------------------------------- ---+Financial institutions rely on you NOT understanding how money works. When you become financially literate, you realize that: 1) Earning 1% from your savings is very low 2) The 20% interest rate on your credit card is too high 3) Not saving means you will likely work forever
+- Rajat Soni, CFA -- 716d -------------------------------------------------[...]+ | | | Don't be scared of #Bitcoin's volatility | | | +-- reply ------------------------------------------------------------------- ---+Don't be scared of #Bitcoin's volatility
+- Rajat Soni, CFA -- 717d -------------------------------------------------[...]+ | | | Don't be scared of #Bitcoin's volatility | | | +-- reply ------------------------------------------------------------------- ---+Don't be scared of #Bitcoin's volatility
+- Rajat Soni, CFA -- 717d -------------------------------------------------[...]+ | | | No matter how rich you get, money won't make you happier or more fulfilled. | | | | You'll pay the bills more easily and you won't worry about your next meal, but | | that's about it. | | | | Money won't solve internal problems related to how you feel about yourself and | | the world around you. | | | +-- reply ------------------------------------------------------------------- ---+No matter how rich you get, money won't make you happier or more fulfilled. You'll pay the bills more easily and you won't worry about your next meal, but that's about it. Money won't solve internal problems related to how you feel about yourself and the world around you.
+- Rajat Soni, CFA -- 717d -------------------------------------------------[...]+ | | | Selling your #Bitcoin in hopes that you will buy back for less is a gamble. | | | | If you're going to sell to get back in when the market price is lower, you're | | taking more risk than just holding on. | | | +-- reply ------------------------------------------------------------------- ---+Selling your #Bitcoin in hopes that you will buy back for less is a gamble. If you're going to sell to get back in when the market price is lower, you're taking more risk than just holding on.
+- Rajat Soni, CFA -- 718d -------------------------------------------------[...]+ | | | You can eat at restaurants for every meal if you want. | | | | It just means you can't buy the $600/month car as well, or you may need to cut | | down your spending on housing. | | | | While everyone might do it differently, the overall idea is the same - spend | | less than you earn, save the rest. | | | +-- reply ------------------------------------------------------------------- ---+You can eat at restaurants for every meal if you want. It just means you can't buy the $600/month car as well, or you may need to cut down your spending on housing. While everyone might do it differently, the overall idea is the same - spend less than you earn, save the rest.
+- Rajat Soni, CFA -- 718d -------------------------------------------------[...]+ | | | I don't care if *you* think #Bitcoin is a scam | | | | Even if 99% of my followers ignore my advice | | | | For the other 1%, it has sparked something | | | | Some of them now own some of the BEST ASSET IN THE WORLD | | | | The best part is that they didn't even have to trust me | | | | They could verify EVERYTHING I've said and come to their own conclusion | | | +-- reply ------------------------------------------------------------------- ---+I don't care if *you* think #Bitcoin is a scam Even if 99% of my followers ignore my advice For the other 1%, it has sparked something Some of them now own some of the BEST ASSET IN THE WORLD The best part is that they didn't even have to trust me They could verify EVERYTHING I've said and come to their own conclusion
+- Rajat Soni, CFA -- 718d -------------------------------------------------[...]+ | | | The Federal Reserve issues the money that we use as a world reserve currency | | (the US Dollar). | | | | The Federal Reserve is not a government institution. | | | | It just uses the US government to force everybody to use US Dollars. | | | | Who earns the profits from the Federal Reserve? | | | +-- reply ------------------------------------------------------------------- ---+The Federal Reserve issues the money that we use as a world reserve currency (the US Dollar). The Federal Reserve is not a government institution. It just uses the US government to force everybody to use US Dollars. Who earns the profits from the Federal Reserve?
+- Rajat Soni, CFA -- 718d -------------------------------------------------[...]+ | | | The massive wealth gap we have today is a result of having high time | | preference. | | | | Everyone wants to live it up today and they save nothing for tomorrow. | | | | Governments promote this mindset by inflating our money away. | | | | If you live longer than you expected, how do you avoid starving to death? | | | | This is what will lead to a lot of 80-year-old millennials and 90-year-old Gen | | Zs working at Walmart. | | | | Living like you're going to die tomorrow means you won't plan for long-term | | goals. | | | | Don't think about yourself - think about your kids and all the family you | | leave behind. | | | | Remember: your kids are NOT your retirement plan. | | | +-- reply ------------------------------------------------------------------- ---+The massive wealth gap we have today is a result of having high time preference. Everyone wants to live it up today and they save nothing for tomorrow. Governments promote this mindset by inflating our money away. If you live longer than you expected, how do you avoid starving to death? This is what will lead to a lot of 80-year-old millennials and 90-year-old Gen Zs working at Walmart. Living like you're going to die tomorrow means you won't plan for long-term goals. Don't think about yourself - think about your kids and all the family you leave behind. Remember: your kids are NOT your retirement plan.
+- Rajat Soni, CFA -- 718d -------------------------------------------------[...]+ | | | Massive Bitcoin ETF purchase 🤯🤯https://m.primal.net/IEjQ.jpg | | | +-- reply ------------------------------------------------------------------- ---+Massive Bitcoin ETF purchase 🤯🤯https://m.primal.net/IEjQ.jpg
+- Rajat Soni, CFA -- 718d -------------------------------------------------[...]+ | | | Christine Legard said "If there is an escape, then that escape will be used" | | | | Christine is the president of the European Central Bank | | | | She wants to regulate our ability to escape the broken financial system that | | is designed to steal from us | | | | She refers to #Bitcoin as an escape | | | | Who needs to find an escape? | | | | Prisoners | | | | Does this mean Christine sees people using the Euro as her prisoners? | | | +-- reply ------------------------------------------------------------------- ---+Christine Legard said "If there is an escape, then that escape will be used" Christine is the president of the European Central Bank She wants to regulate our ability to escape the broken financial system that is designed to steal from us She refers to #Bitcoin as an escape Who needs to find an escape? Prisoners Does this mean Christine sees people using the Euro as her prisoners?
+- Rajat Soni, CFA -- 718d -------------------------------------------------[...]+ | | | The financial system isn't broken. | | | | It operates exactly how it's meant to operate. | | | | Inflation isn't a bug - it's a feature to punish saving and reward investing. | | | | #Bitcoin exists as an alternative to the current system, and yet the people | | it's meant to benefit think it's a scam. | | | +-- reply ------------------------------------------------------------------- ---+The financial system isn't broken. It operates exactly how it's meant to operate. Inflation isn't a bug - it's a feature to punish saving and reward investing. #Bitcoin exists as an alternative to the current system, and yet the people it's meant to benefit think it's a scam.
+- Rajat Soni, CFA -- 718d -------------------------------------------------[...]+ | | | Wrapping your head around #Bitcoin is hard because we have all grown up in a | | system that uses fake money. | | | | It's normal for us to see the value of our savings disappear over time. | | | | Today, we're taught that inflation is normal. | | | | In fact, some people claim that inflation is a GOOD thing because it forces | | savers to spend their money. | | | | The reality is inflation is NOT normal. | | | | Prices of goods shouldn't be going up constantly. | | | | Technological innovation leads to lower prices and higher-quality goods over | | time. | | | | The current financial system would collapse if prices started dropping, so | | central banks print money to ensure that we don't go into a deflationary | | period (this is when prices drop). | | | | On top of this, governments continue to go further into debt to push political | | agendas. | | | | The system isn't broken; it's working exactly as intended. | | | | The average person is meant to be a slave to the elite. | | | | Bitcoin fixes this by creating a new financial system and providing a way to | | transact WITHOUT banks. | | | | The future is bright when you study Bitcoin. | | | +-- reply ------------------------------------------------------------------- ---+Wrapping your head around #Bitcoin is hard because we have all grown up in a system that uses fake money. It's normal for us to see the value of our savings disappear over time. Today, we're taught that inflation is normal. In fact, some people claim that inflation is a GOOD thing because it forces savers to spend their money. The reality is inflation is NOT normal. Prices of goods shouldn't be going up constantly. Technological innovation leads to lower prices and higher-quality goods over time. The current financial system would collapse if prices started dropping, so central banks print money to ensure that we don't go into a deflationary period (this is when prices drop). On top of this, governments continue to go further into debt to push political agendas. The system isn't broken; it's working exactly as intended. The average person is meant to be a slave to the elite. Bitcoin fixes this by creating a new financial system and providing a way to transact WITHOUT banks. The future is bright when you study Bitcoin.
+- Rajat Soni, CFA -- 718d -------------------------------------------------[...]+ | | | Christine Legard said "If there is an escape, then that escape will be used" | | | | Christine is the president of the European Central Bank | | | | She wants to regulate our ability to escape the broken financial system that | | is designed to steal from us | | | | She refers to #Bitcoin as an escape | | | | Who needs to find an escape? | | | | Prisoners | | | | Does this mean Christine sees people using the Euro as her prisoners? | | | +-- reply ------------------------------------------------------------------- ---+Christine Legard said "If there is an escape, then that escape will be used" Christine is the president of the European Central Bank She wants to regulate our ability to escape the broken financial system that is designed to steal from us She refers to #Bitcoin as an escape Who needs to find an escape? Prisoners Does this mean Christine sees people using the Euro as her prisoners?
+- Rajat Soni, CFA -- 718d -------------------------------------------------[...]+ | | | The financial system isn't broken. | | | | It operates exactly how it's meant to operate. | | | | Inflation isn't a bug - it's a feature to punish saving and reward investing. | | | | #Bitcoin exists as an alternative to the current system, and yet the people | | it's meant to benefit think it's a scam. | | | +-- reply ------------------------------------------------------------------- ---+The financial system isn't broken. It operates exactly how it's meant to operate. Inflation isn't a bug - it's a feature to punish saving and reward investing. #Bitcoin exists as an alternative to the current system, and yet the people it's meant to benefit think it's a scam.
+- Rajat Soni, CFA -- 718d -------------------------------------------------[...]+ | | | Wrapping your head around #Bitcoin is hard because we have all grown up in a | | system that uses fake money. | | | | It's normal for us to see the value of our savings disappear over time. | | | | Today, we're taught that inflation is normal. | | | | In fact, some people claim that inflation is a GOOD thing because it forces | | savers to spend their money. | | | | The reality is inflation is NOT normal. | | | | Prices of goods shouldn't be going up constantly. | | | | Technological innovation leads to lower prices and higher-quality goods over | | time. | | | | The current financial system would collapse if prices started dropping, so | | central banks print money to ensure that we don't go into a deflationary | | period (this is when prices drop). | | | | On top of this, governments continue to go further into debt to push political | | agendas. | | | | The system isn't broken; it's working exactly as intended. | | | | The average person is meant to be a slave to the elite. | | | | Bitcoin fixes this by creating a new financial system and providing a way to | | transact WITHOUT banks. | | | | The future is bright when you study Bitcoin. | | | +-- reply ------------------------------------------------------------------- ---+Wrapping your head around #Bitcoin is hard because we have all grown up in a system that uses fake money. It's normal for us to see the value of our savings disappear over time. Today, we're taught that inflation is normal. In fact, some people claim that inflation is a GOOD thing because it forces savers to spend their money. The reality is inflation is NOT normal. Prices of goods shouldn't be going up constantly. Technological innovation leads to lower prices and higher-quality goods over time. The current financial system would collapse if prices started dropping, so central banks print money to ensure that we don't go into a deflationary period (this is when prices drop). On top of this, governments continue to go further into debt to push political agendas. The system isn't broken; it's working exactly as intended. The average person is meant to be a slave to the elite. Bitcoin fixes this by creating a new financial system and providing a way to transact WITHOUT banks. The future is bright when you study Bitcoin.
+- Rajat Soni, CFA -- 718d -------------------------------------------------[...]+ | | | The current financial system only works if the majority of people are unaware | | of how it works. | | | | Too many people becoming financially literate is a problem! | | | | What happens when everyone wants to become a landlord? | | | | What happens when nobody wants to work for companies and instead they want to | | earn cash flow from owning the stocks? | | | | The system is a Ponzi scheme and it's quickly falling apart. | | | | Real estate investors need renters. | | | | Stock investors need low wage workers. | | | | Companies like Walmart and McDonald's wouldn't be posting record profits year | | after year if they didn't have so much control over the labor market. | | | | Adding value and accumulating #Bitcoin is the only way to save yourself from | | the inevitable collapse. | | | | I suggest that you study it! | | | +-- reply ------------------------------------------------------------------- ---+The current financial system only works if the majority of people are unaware of how it works. Too many people becoming financially literate is a problem! What happens when everyone wants to become a landlord? What happens when nobody wants to work for companies and instead they want to earn cash flow from owning the stocks? The system is a Ponzi scheme and it's quickly falling apart. Real estate investors need renters. Stock investors need low wage workers. Companies like Walmart and McDonald's wouldn't be posting record profits year after year if they didn't have so much control over the labor market. Adding value and accumulating #Bitcoin is the only way to save yourself from the inevitable collapse. I suggest that you study it!
+- Rajat Soni, CFA -- 718d -------------------------------------------------[...]+ | | | Yes, because everything else will be cheap | | | | Bitcoin represents all the monetary value in the world | | | | Eventually, 1 house will cost 0.0001 Bitcoin | | | | It will probably be in the middle of nowhere, but it would mean you don't have | | to be homeless | | | | Today houses in the middle of nowhere are hundreds of thousands of dollars and | | unaffordable to everyone | | | | If Bitcoin is a billion dollars, it means A LOT of people out there don't own | | real estate as an investment | | | | What do you think would have happened to the real estate market if | | MicroStrategy chose to buy single-family homes instead of Bitcoin? | | | +-- reply ------------------------------------------------------------------- ---+Yes, because everything else will be cheap Bitcoin represents all the monetary value in the world Eventually, 1 house will cost 0.0001 Bitcoin It will probably be in the middle of nowhere, but it would mean you don't have to be homeless Today houses in the middle of nowhere are hundreds of thousands of dollars and unaffordable to everyone If Bitcoin is a billion dollars, it means A LOT of people out there don't own real estate as an investment What do you think would have happened to the real estate market if MicroStrategy chose to buy single-family homes instead of Bitcoin?
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+- Rajat Soni, CFA -- 716d -------------------------------------------------[...]+ | | | "Trying to sell the rest of my #Bitcoin in Japan. I'm tired of crypto and want | | to get out (and get my JPY back)."https://m.primal.net/IFHe.jpg | | https://m.primal.net/IFHf.jpg | | | +-- reply ------------------------------------------------------------------- ---+"Trying to sell the rest of my #Bitcoin in Japan. I'm tired of crypto and want to get out (and get my JPY back)."https://m.primal.net/IFHe.jpg https://m.primal.net/IFHf.jpg
+- Rajat Soni, CFA -- 718d -------------------------------------------------[...]+ | | | Massive Bitcoin ETF purchase 🤯🤯https://m.primal.net/IEjQ.jpg | | | +-- reply ------------------------------------------------------------------- ---+Massive Bitcoin ETF purchase 🤯🤯https://m.primal.net/IEjQ.jpg
Pubkeys from this user's latest cached kind 3 follow list.
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Cached pubkeys that follow this user, discovered from kind 3 events.
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Identifiers
npub: npub13wl6gy2kp02zafh6vr8jfh58mzxxeza7as5mmx325xyq9x4z9rxqgpnp8z
hex: 8bbfa411560bd42ea6fa60cf24de87d88c6c8bbeec29bd9a2aa188029aa228cc
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Suggested read/write relays from this user's latest kind 10002 event.
- No cached NIP-65 relay hints yet.