The Best Bitcoin Buying Opportunity In History | Peter Dunworth

You think someone is going to pay you $6,300,000 for your digital beanie baby in ten years? Bitcoin shills are so delusional.

The reason we re down is because of Bitcoin2024 welcomed very poor behavior in running with open arms toward the government. It was disgusting. Very disgusting for any person…especially men who believe themselves sovereign.

I'm nervous to watch this – most bullish dude on Bitcoin gonna get me leveraging my stack.

If you’re worried about the price go back to the drawing board and get some more knowledge. Stack, stack, stack

It seems that the people who talk about bitcoin make more money that the poor hodlers who are told "just wait, just wait" the gravy train is coming. BS.

I think the main thing that Clarity accomplishes is that it creates the buyer of last resort, being the stablecoins, since they are "able" to back the dollar-equivalent capitalization in US Treasuries, Gold, and Bitcoin. The stablecoins will be the rails… Yes, it will give the US Treasury the buyer of their debt as a proxy for the dollar that the stablecoins are then interchangeable for, but stablecoins will never be worth any more than $1. The value of the entire digital system will be running on the BTC layer 1 which will be held in reserve and can be exchanged for a US $1 anytime that anyone wants to do so (just like when $1 could be exchanged for an equal amount of physical Gold, when desired, under the physical system) The only way that this will work as envisioned is that the value that will need to be held in the base layer of money in order to allow the system to work this way is that the price of the digital value of BTC will need to rise exponentially in order to back the digital currency as stablecoins (which only have the face value of $1) to be able to representative of the purchasing power that these stablecoins will have assigned to them. Sure, you can issue as many stablecoins as you want to issue…BUT, unless whoever issues them has enough monetised value- 1 for $1 behind each stablecoin- no one will hand over a digital dollar for 1 USDC, or 1 USDX, etc unless the parity is established, which will be policed by the Banks. This ENTIRE SYSTEM is written to ensure that the US dollar is digitized, and it pushes the value layer of the whole global monetary system to BTC. So, no, Danny, you don't wish the coffee shop will demand payment in BTC, but to Peter's point, you will be accepting and giving payment in stablecoins, but those rails will entirely be running on the digital gold layer we all wished BTC was and now will be once Clarity is passed.

Most probably, in the year 2079

Fascinating conversation

Crypto is risky, as many would say, but I think the real risk is not understanding the market. Buying during fear isn't the hard part—knowing what to do after is. I got into crypto in 2019 but sold in 2020 because I didn't understand it, i acted based on emotions. So I took time to learn, study the market, and improve. Got back into crypto in early 2023 with $10k, and I made it up to around $128k in a relatively short time. Patience and knowledge makes all the difference.

BTC on ramps and off ramps in NZ and AU are heavily monitored by the respective tax departments.
Using BTC for micro purchases or holding, or using BTC as an an asset to be borrowed against triggers tax events. NZ tax department views BTC as a property, however if you use it as a security and borrow against BTC triggers a tax event so the borrowings are taxable as if it was a sale. Defeats the purpose.
How does anyone listening to this see the benefit of BTC other than to sell or Hold.

👍🏻

It’s going to drop again for another consolidation before it takes off afyer the midterms.