Sovereign Paw
842 posts


@SenWarren If only they knew about the pause button in WW1 and WW2
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Israel is obligated under the laws of war to protect civilians. It is not possible to end Hamas's terrorism by just dropping more bombs. Israel needs to stop bombing Gaza. We need an immediate humanitarian pause to save lives, get relief in, and free the hostages.
POLITICO@politico
Israel will keep bombarding Gaza with 'all of its power,' Netanyahu says after Blinken calls for pause ow.ly/efHV10502np
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Gold is only about 2.5% below its 52-week high, 3.5% below its record-high, and is poised to make a new record-high next week. Meanwhile, investor sentiment is so bad that #gold stocks must rally 30% to hit a 52-week high. To hit record-highs, the $GDX has to 3X and the $GDXJ 5X.
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@PeterSchiff @ryQuant As long as you can find a greater fool to buy it from you
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@ryQuant That's inflation adjusted. Actually CPI adjusted, so inflation adjusted its even further from its highs. That just makes it that much better a buy at current prices.
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@PeterSchiff Buying GBTC is not buying bitcoin. You really are clueless
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If demand for $GBTC was so weak that shares traded down to a 50% discount to NAV, why do so many people expect a surge in demand just because it converts to an ETF? If investors didn't want to buy #Bitcoin for just 50 cents on the dollar, why would they rush to pay full price?
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@PeterSchiff At this point I can only assume this is a satirical account. No one can talk such utter drivel for so long. Congrats Peter for fooling us for so long

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Bitcoin speculators have over-estimated the demand for a new #BitcoinETF. It's hard to believe that with so many existing ways to gain exposure to #Bitcoin, that there's a large group of would-be buyers who've been waiting to buy. It's Bitcoin owners who've been waiting to sell.
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When I composed that post the 30-year fixed mortgage rate was still under 7% and many thought that was the top. The rate closed the week at 8%. Without Fed intervention it could easily hit 9% by year and be in double digits sometime in 2024.
Peter Schiff@PeterSchiff
It's been 23 years since 30-year, fixed-rate mortgages were above 8%. It's likely rates will be back above 8% by year-end. The problem is that median home prices are up more than 150%, but median household income is only up by 70%. Buyers also have less savings for down-payments.
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@Samsaraispain84 @CryptoGirlNova 69k is closer to 100k than 12k 🤷🏼♂️
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@CryptoGirlNova The ones that predicted 12K came a lot closer than the multitude that predicted 100K.
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𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐰𝐢𝐥𝐥 𝐠𝐨 𝐭𝐨 𝟏𝟐𝐤! 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐰𝐢𝐥𝐥 𝐡𝐚𝐯𝐞 𝐚 𝐛𝐥𝐚𝐜𝐤 𝐬𝐰𝐚𝐧 𝐞𝐯𝐞𝐧𝐭! 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐰𝐢𝐥𝐥 ... !
If there's one thing I learned is that no matter how good you are.
Most of you will be wrong.
Last cycle I was part of an exclusive trader's community.
Traders that traded professionally for a living.
Some of them even worked for a hedge fund with funded capital.
While many different claims were made based on all sorts of indicators like:
- Smart money concepts
- ICT orderblocks
- Supply and demand areas
- Fundamentals
Most notably the most mentioned claim was bitcoin reaching 1000-1500$ as a bottom first before going up.
The TA and charts they made looked beautifully and well crafted.
But in the end almost not a single one of them ended up being right.
Ironically they weren't even able to buy any of it as bitcoin never fell to their designated area.
Stubborn as they were thinking for a retracement, they actually never bought any at all during the entire run.
I see many similar claims today with all sorts of arguments here and there.
It's fine to have an analysis and perspective.
So does every single analyst including myself.
But in the end, the perfect entry doesn't exist.
There's a huge edge to be gained by realizing this and acting on it.
Nova out 💙

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Sovereign Paw retweetledi

While #gold recovered 60% of yesterday's loss, gold mining stocks only recovered 30%. This further evidences bearish sentiment in the sector, despite overwhelmingly bullish fundamentals. In sharp contrast, Nasdaq investors keep buying despite overwhelmingly bearish fundamentals.
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The next step for crypto is to make payments instant and free globally.
This will take lots of work from all of us, Coinbase included, getting layer 2's integrated, better on-ramps, simpler UX/onboarding, etc.
A magic threshold would be getting the average payment under 1 cent and confirmed in under 1 second. I think we'd see orders of magnitude more payments move to crypto if we can achieve that.
Today, crypto has the *potential* to improve global payments infrastructure, but it hasn't yet delivered on that promise as we're largely still stuck on layer 1. Payments are like water, they flow to the path of least resistance.
Base App@baseapp
Welcome to the coffee shop of the future, where USDC payments are instant and gas-free with Coinbase Wallet. And where customers order seamlessly via messaging, powered by @XMTP_.
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@PeterMcCormack @bitfinex I’d have just taken dollars with me when I left the States?
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Tether on Tron via @bitfinex to get dollars and Pesos. ATMs rip you off so this was secured with a local money dealer.
Sorry homies, Tether is what he wanted, Tron is the cheapest network, don’t shoot the messenger.

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My son @SpencerKSchiff is no longer bullish on #Bitcoin. As young people typically do, he's lost interest in a passing fad and moved on to something new. In this case it's #AI that's captivated his attention. As Bitcoin's young fan base matures many more will grow out of Bitcoin.
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@PeterSchiff My bank is still working perfectly and no one can stop it. #Bitcoin
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My bank probably did more to prevent money laundering and tax evasion than any other bank. As a result, we lost a tremendous amount of business to less strict competitors, who are still in business, while my bank got shut down so the IRS and J5 could send a message they are cracking down on tax evasion and money laundering.
@60mins still claims my bank opened accounts in less than a minute, no questions asked, with no documents required.
What follows is an actually 2020 negative review a customer posted on Trust Pilot. It's a typical complaint from a client frustrated by the strictest KYC and AML in the industry.
Terrible service.
Onboarding is a nightmare, took weeks. Then when you're onboarded, literally every transaction has to be checked by a human. If every transaction does not line up with what you have listed in your KYC documentation, they put a hold on your account. They saw a transaction they didn't recognise and they closed my account. Good riddance.
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@IcareYesIdo @ArchRose90 Bitcoin is 100% electric. It has zero emissions
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