CalebWinsGames

#Bitcoin

2023 Cancel Culture Survivor

University of Facebook Grad '24

[CalebWinsGames @CalebWinsGames]

@WaffleHouse You good bro?

[CalebWinsGames @CalebWinsGames]

How has Coinbase not crashed yet?

[CalebWinsGames @CalebWinsGames]

@mrlinguiniii @NCGOP You won’t be a snowflake and rage out of the discord like the other 2 Trumpers have since the election?

[CalebWinsGames @CalebWinsGames]

Fuck you @NCGOP

[CalebWinsGames @CalebWinsGames]

@mrlinguiniii @NCGOP I didn’t ban you from the DC

[CalebWinsGames @CalebWinsGames]

@mrlinguiniii @NCGOP I didn’t ban you

[CalebWinsGames @CalebWinsGames]

@Breck_Maynokur @BryanRAnderson But wouldn’t this become law anyways?

[CalebWinsGames @CalebWinsGames]

Gas still isn’t $2

[CalebWinsGames @CalebWinsGames]

@DowntownRaleigh Fayetteville Street f&b sales are interesting.

Does this take into account prices going up from last year though?

[CalebWinsGames @CalebWinsGames]

Based off your Twitter feed, it would appear you don’t ever actually step foot in a city. Big boy Trumper is scared of the city…. ❄️❄️❄️

I’m down there every weekend. It’s completely fine.

[Josh Points @47range]

Unlikely the propagandist has ever spent any time on the streets of our downtown. Nothing booming down there but crime. Why does WRAL hate Raleigh? https://t.co/HlIaiwM9YR

[CalebWinsGames @CalebWinsGames]

@caseyskater Infused with what?

[CalebWinsGames @CalebWinsGames]

@Helloimmorgan I thought it’s at 8est?

[CalebWinsGames @CalebWinsGames]

When does the $2 gas start?

[CalebWinsGames @CalebWinsGames]

Cue the “Bitcoin is crashing” tweets.

[CalebWinsGames @CalebWinsGames]

I think I’m gonna become a right wing grifter.

Seems easy.

[CalebWinsGames @CalebWinsGames]

American Airlines has to be one of the most unreliable airlines.

Issues every single time I fly this garbage.

@AmericanAir

[CalebWinsGames @CalebWinsGames]

It’s ok to admit you were wrong

[Peter Schiff @PeterSchiff]

If the U.S. government actually established a #Bitcoin reserve and bought 1 million Bitcoin, it might end up buying millions more. Since the U.S. government’s purchase of 1 million Bitcoin would drive the price so high, many HODLers, then worth millions or billions, would finally begin cashing out to spend their windfalls.

That would cause the market to crash, forcing the U.S. government to print even more dollars to buy more Bitcoin to prevent the price from crashing, thereby diminishing the value of its Bitcoin reserve. Of course, a reserve of something you can never sell and must continuously buy is worthless as a reserve. To maintain the pretense that its Bitcoin reserve has actual value, the U.S. government would be forced to keep buying, destroying the value of the dollar in the process.

This would mean Bitcoin prices would keep rising, and the U.S. government would have to print even more money to buy more Bitcoin. Ultimately, so many dollars would be printed to buy Bitcoin that the U.S. would experience hyperinflation, rendering the dollar completely worthless. Once the dollar is worthless, the U.S. could no longer keep buying Bitcoin. Instead, it would have to sell all the Bitcoin it holds to try to pay its bills, leading to the complete collapse of Bitcoin. In the end, Bitcoin would have succeeded in destroying the dollar. But the victory would be short-lived, as Bitcoin would be destroyed along with it. At least those who sold to the U.S. government to buy real assets would be rich. The people who never sold their Bitcoin, or kept their savings in dollars, would be completely wiped out.

It goes without saying that this scenario would be an unmitigated disaster for the U.S. That's why it's highly unlikely that a Bitcoin reserve will ever be established, let alone built up to the level suggested by RFK.

[CalebWinsGames @CalebWinsGames]

Can’t wait for the goalposts to be moved.

Bitcoin will retreat to 75k and the haters will say it’s crashing.

[CalebWinsGames @CalebWinsGames]

Happy Veterans Day!

So glad we elected a president who has shown so much love for our armed forces!!!