The one job of an investor, Bitcoin, debt slavery, and why market crashes are good for humanities future.

I started writing something in response to someone losing their s%$^ over Celsius. It turned into this. And I moved it here instead.

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Decentralisation. As an investor you have one job to do - make a choice about risk and put your wallet where your mouth is. Thats it.

This means you should probably look into what matters for an investment and why it exists.

Crypto is (or was, and after every bust cycles back to being) about decentralisation. If it is not decentralised, you are basically putting your money into a point system someone is running on Excel in their moms basement. They may have a very nice basement, and their mom may publish some good reviews of how tidy they keep their room, but that doesn’t make it decentralised. Banks often have marble basements, very respectable mothers, and even audit how tidy their room is but Bitcoin was created for a reason.

You were told this every 3rd post or so on r/bitcoin.

Crypto is going to be huge, it already is. Even after this drop. It is literally the economic system of the future. Bitcoin will be worth much much more than 100k - how much more is more to do about the dollars risks than Bitcoins.

But before this happens, the wordcel debt scam market has to Darwinian self select out of the economic gene pool. You are seeing evolution unfold in real time, and hey - you participated as it happened. I hope you make it. You were told. Don’t worry, many others will also be told and fail to listen too. I also failed. But learned I could learn, this and time is what it took to recover.

My advice - Survive. Recognise your mistakes. Take crypto seriously. Learn to hate hero’s, personalities, debt and centralised systems. Brands and Name droppers have no place in your life’s attention. They never were your friend.

Earning interest is the slave chains that binds you to the system of debt and inflationary economics and comes at the expense of your freedom. If you have lost a lot of money from leverage or a platform shutdown / liquidity event / rug pull you now understand this in a way that you could not when you skimmed over reading in the bible that usury is bad.

DCA. HODL. Live your life. Never be concerned about using Bitcoin for the reason it exists - to live your life.

You can free yourself from debt slavery by choices you make. The more people do this, the more the world moves away from enslaving ours and our children’s futures for the benefit of the very few.

This is the wisdom of Bitcoin. Welcome to the front line of the future.

Monster amounts of BTC coming off Coinbase. Bitcoin decentralizing. This washout and deleveraging event is just beautiful.

https://i.redd.it/zydm1dkv7c691.jpg

Monster amounts of BTC coming off Coinbase. Bitcoin decentralizing. This washout and deleveraging event is just beautiful. (x-post from /r/Bitcoin)

https://www.reddit.com/r/Bitcoin/comments/vf1hte/monster_amounts_of_btc_coming_off_coinbase/

PSA Please move your bitcoin off of exchanges and into a wallet.

I know that 90% of this sub understands this so if you do, I'm sorry to spam and there's no need to interact with this post. For the newbies I urge you to move your bitcoin into a decentralized wallet. You don't actually own any bitcoin on these platforms. In simple terms, it's an IOU from these exchanges to grant you your bitcoin. One of the advantages of bitcoin is that you are essentially your own bank. This also means there's no FDIC to ensure you get your money in the event of bankruptcy. I would hate for anyone to lose their hard earned money, especially from no fault of their own. Don't put your faith in these exchanges, none of us know their true legitimacy and protection. Setting up a wallet is much more simple than you may think. Visit bitcoin.org and it will literally walk you through the process. 5 minutes later and you'll be good to go. Ideally, you would want to get a hardware wallet, but this does require a purchase. I'm mostly speaking to investors that don't have much skin in the game. If you did i'd hope you already know this. Bitcoin Ogs, please don't come at me in the comments. I don't see enough posts for new comers and i'm just trying to simplify everything. Hopefully this helped some people out there👍 Keep stacking

NFT​.NYC expecting ‘diverse and eclectic audience’ to drive utility narrative of NFTs

The co-founder and vice president of growth at NFT.NYC shared insights into its community-first values and ethos.

NFT.NYC, one of the largest nonfungible token events, is preparing to open its doors for a fourth year, celebrating the diversity of NFTs across 16 sectors, including art, film, sports and ticketing.

Held from June 20 to 23 in New York City, the blockbuster event will serve as a global melting pot of everybody who's anybody in the NFT world, showcasing 1,500 speakers across panels, talks, fireside chats and hundreds of pop-up events. Attendance figures are expected to soar from last year's 5,600 to over 15,000 this time around.

Cointelegraph spoke to Jodee Rich, co-founder of NFT.NYC, and Quinn Button, its vice president of growth, to hear more about their expectations for the New York event. They also discussed how the current market conditions could impact the momentum of the NFT movement and the artistic conversations it cultivates.

With a conscious emphasis on prioritizing the desires of the community over brands or corporations, the NFT.NYC team selected 221 emerging international artists from an application pool of 5,000 to display their work on a Times Square billboard and throughout the Marriott Hotel.

#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn

You dumb, stupid silver apes deserve a pat on the back. No, seriously, somehow, you all managed to find silver "before it was cool"

I'm not joking. Despite the fact that TPTB have been using every trick in their demonic magic spell book to keep the price of silver ridiculously low (on paper) while the rest of the world hyperinflates, you dumb, stupid apes buy it anyway! What the hell is wrong with all of you? Don't know you that when the price of something keeps getting hammered down, that's supposed to scare you away from it??? Are you stupid or something?

Lol.

Anyway, I thought I'd make this little chart for all of your viewing pleasure. It's a chart of the Dow Jones Industrial Average I grabbed from Google, and I overlayed it with a Kitco historical silver chart going back to the year 2000. I've tried to line things up so you can see where the DOW was and silver at the same time frames. As you can see, I've also added in some key events, such as the 2008 financial collapse (and subsequent bailout), plus Covid, as well as where we are now.

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https://preview.redd.it/5c4nkvzzoa691.jpg?width=799&format=pjpg&auto=webp&s=aa588087d27c9fdc9d6db3d3488bd9703a2ff210

Now, IF you wanted to compare the recent stock market drop to the one in 2008, I've also pasted the current drop over that drop from 2008. I'm NOT saying that what's happening right now is going to rhyme with 2008. I'm just saying IF you wanted to compare our most recent stock market drop with 2008, well that's what things look like.

Also note that after the big drop in the 2008 DOW, silver really had a pretty spectacular and legendary run afterwards, until of course, things got "tamped down" again for some reason...

I think everyone wants to know what's going to happen in our immediate future, so I think sometimes it's useful to look historically at stuff like this. However, this is NOT a prediction or financial advice. I'm just showing you what happened before, as it happened, in two different markets.

There's a lot of things different now than in 2008. For one, Bitcoin was born out of the 2008 collapse, so during 2008, flight to safety was definitely in precious metals, not cryptos. However, in more recent years, as this ridiculous climb in stocks moved things up, so did the price of Bitcoin and altcoins. Today, crypto technology has matured well past the "dark web, silk road" stigma that it used to have. There are several promising crypto projects out there that, in my humble opinion, aren't going anywhere. The majority, though, I think are a huge scam and this recent crash may kill off many of them.

It was said by some that cryptos were soaking up all the money printing from the world's central banks. In a world with no cryptos yet still a lot of crazy money printing, I suppose normally you'd see money flowing into commodities or precious metals. But in most recent years, as we all know, a LOT of money went into cryptos.

Now that BTC is down around 30% from its ATH and the DOW is down about 8% from its ATH, I guess at the moment, a LOT of people are sitting on the sidelines in cash.

Question is, where will the $$$ flow this time? Is our immediate situation comparable to what we saw in 2008? Will the stock market rally after this, making fresh new highs, or will it continue to collapse? Are we on the verge of a MASSIVE run in precious metals, or will they magically get tamped down some more? After this little shakeup, will cryptos come back as the flight to safety play this time, or will they crash even further?

Once again, I'm not predicting anything. Nothing in this post is financial advice--it's for pure entertainment value only. I'm not a financial advisor, nor do I play one on TV.

Hiro's Weekly Community Updates: Alex Miller on Bitcoin Being the Base Layer for Web3, Resources to Build a Better Internet, Stacks Ventures’ Demo Days, Web3 Bringing Big Bucks and more!

T.G.I.F. Stack Devs! Don’t miss out: Here’s a roundup of all the latest developer resources, tutorials, and events to keep on your radar. Here are some of our latest posts:

• Why Bitcoin Will Be The Base Layer for Web3 - Alex Miller sat down with Jill Malandrino to discuss why bitcoin will be the base layer for web3. Click here for the full conversation.
• Developer Education Resources - Here’s a thread of a few amazing developer resources available to help empower you to build a better internet on Bitcoin.
• Stacks Ventures’ Demo Days - Shout out to all the Cohort 2 teams that presented this week during Demo Days. We had the chance to hear from a few community members about what they love about the Stacks Ecosystem. Check it out here.
• From Horse Armor to Play-to-Earn - Crypto bets on the potential of Web3 and its ability for monetization in the gaming industry. Read the full article here.

Looking to enter the world of blockchain? Hiro is hiring! Check out some of our open positions here.

Stay tuned here and on our Twitter for more updates and announcements,

- Hiro Team