Bitcoin looks dead on the scoreboard. It always does at this exact spot.
In 5 years, the S&P is up 64%, gold 114% and Bitcoin just 14%.
The last three times Bitcoin looked this dead, it was up 54%, 147% and 142% a year later.
Every bull market started right here.
Bitcoin was flat for the year on September 23rd.
That was 50 days ago.
This is the 7th worst 50-day selloff of the last 10 years.
And the craziest part is that this move isn't crazy for Bitcoin at all.
For the 10-year distribution of 50-day log returns, a 1σ below average 50-day return is −19.37%...
...and this move is only -17.7% when taking the closing price 50 days ago to today's snapshot of $69,452.
Volatility is vitality. HODL.
SAIFEDEAN AMMOUS: "This is an institution whose only function is to increase the money supply, which is how to rob people. You can't use that for good."
"Central banks don't create resources. They simply redistribute existing resources. Central banks don't produce anything valuable for society. Valuable things are labor, capital, actual real resources. Central banks don't make more of that."
"All they do is they create more papers, more claims on that, allowing people to redistribute that. Any attempt at redistributing that puts the person in charge of the money creation as essentially the owner of society."
@DohaDebates
Nan kad akò bilateral ki genyen ant gouvènman Ayiti ak gouvènman Salvadò a, yon operasyon konjwen ki te reyini Polis Nasyonal Dayiti, Fòs Lame Dayiti (FAd’H), Task Force la, ak Fòs Espesyal Salvadò yo reyisi pran kontwòl Estad Sylvio Cator a epi mete l an sekirite. Pandan operasyon an, nou te dekouvri plizyè zo tèt moun anndan estad la.
Kounye a, nou pral tabli yon baz operasyonèl nan estad la pou n ka kontinye avanse pi fon nan teritwa gang yo kontwole.
Kounye a, se nou ki gen avantaj sou teren an.
Mwen mande tout manm gang yo avèk anpil fèmte pou yo kite zòn nan anvan ofansiv la kòmanse.
Moun ki chwazi rete pou konbat fòs nou yo ap oblije sibi konsekans yo.
#Trump lost the #midterms on purpose, you know. He is playing a game of 5D Chess so smart, so interdimensional, that he let things go sideways just to see who would stay loyal to him when things get tough. It's all part of the plan. Gotta #TrustThePlan.
It's like watching peak Mike Tyson boxing two toddlers.
You can tell the two MMTers have never had a real conversation with anyone who disagree with them.
Hasan Piker hits a wall when he tries to tell a man born in the Soviet Union that Americans are just as controlled as people under communism.
Konstantin Kisin shuts down the comparison and lays out the difference.
When he’s done, even Piker admits he’s right.
HASAN PIKER: “A lot of people think, well, as long as I can eat a Big Mac, you know, as long as I can watch TV, as long as I can consume porn [...] then, you know, things are probably fine.”
“It’s a different mechanism of control that makes you think that you are actually an active participant in this.”
Kisin isn’t buying it.
KONSTANTIN KISIN: “The difference between those countries is not that they can’t eat a Big Mac.”
“The difference is that if they criticize the government, in Russia today even, but of course in the Soviet Union previously, you’re going to get killed, right? In America, that’s not what happens, right? In America, you don’t get put in jail.”
HASAN PIKER: “We don’t know yet.”
That’s his whole defense: what MIGHT happen in America.
So Kisin makes it personal.
KONSTANTIN KISIN: “You in China or in the Soviet Union would be killed if you were critical of that regime.”
HASAN PIKER: “I would definitely be jailed, for sure.”
And there it is. Piker makes Kisin’s argument for him.
KONSTANTIN KISIN: “So that’s the difference between these countries and America. It’s not a Big Mac, it’s freedom.”
Only in a free country can you build a career telling people they aren’t free.
CONTEXT: Communist regimes don’t just jail their critics.
Under Stalin, the Soviet secret police executed 681,692 people in two years, by the regime’s own records. That’s more than 900 a day.
Under Mao, the Great Leap Forward killed at least 45 million people in four years, per historian Frank Dikötter.
Under Pol Pot, nearly a quarter of Cambodia’s population was dead within four years.
Things are getting extremely serious in America. Men know they may have to lay down their lives to save our country, and they’re willing to do that
“As I sit here driving home to my beautiful wife and our 5 wonderful sons with the 6th on the way, I have this feeling in my stomach. I have this question in mind. What would it take for a man to willingly sacrifice his life for a cause higher than himself? What would the appropriate conditions have to be in order for that to happen?
And I'm asking myself this because over the course of the last week, I have felt my mind, my body, and my spirit preparing for a possible conflict in which I may not be here anymore, but the cause in which I would be supporting is appropriate, and not only appropriate, but necessary.”
“Why though? Well, because we're seeing an absolute Islamic invasion of our country — we have a communist infiltration of our institutions. So what do we do with all of this as Christians or conservatives? Do we roll over and die? Do we wallow in the mud? Do we stay down? Do we stay in the filth?
Or do we recognize that it's actually us that has a monopoly on force? Not them. It's us.
It's us who has control over our inner peace, an inner peace that is brought forth by responsibilities such as raising children, such as getting married. These people are evil demons who do not want to see families thrive. They do not like to see progress because the moment they start to see families winning and people that are better off than them, they always have a finger to point. They always have someone that they need to take out. They always need some law that has to be changed. They are never at peace. They are never happy.
So what are we to do as men when we see that someone is coming to destroy our peace? That someone is coming to destroy our families? I know you feel it. I know you feel it, man. There's something in your stomach. There's something in your heart and your mind and in your spirit that is preparing you for something to come. Don't ignore it. Don't sequester it. Let it build.
These are the necessary conditions by which we will inevitably win this war — Something's coming that you might have to put your foot down for and stand firm —we're gonna have to start collectivizing here sooner rather than later”
Nobody wants to accept this as a reality but unfortunately this is exactly the direction our country is going
Men who love our country are going to have to stand up and say no more and take our country back
We’re not voting our way out of this
That is the best air traffic controller I have ever heard. Unsung heroism! Just give her a raise!
An intense exchange between the pilots of United Flight 1071, flying from San Diego to Washington Dulles (IAD), and an ATC controller as they deal with severe turbulence.
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