USA

diradder

> Why would I bother? Because you've made a claim, and you can't substantiate it with simple examples, which means you're not serious (either you're tolling, or you're just not qualified to talk about this). You said reserves are not necessary, so you should have examples of cases where in practice they aren't used and still lead to success. The real answer is none, no government or successful business operates without reserves, because they are necessary, contrary to your claim. They help mitigate risks like economic shocks, unexpected expenses, currency instability, and cash flow gaps. > Cameroon and Nicaragua operate without reserves, but you'll tell me they're not good enough examples. Which AI's arm did you twist to come up with these 2 names? Both of these countries have reserves (including gold) valued in **b**illions of dollars: * Nicaragua: [$3.21 billions](https://www.maxinomics.com/nicaragua/foreign-exchange-reserves-including-gold-billion-usd) * Cameroon: [$3.46 billions](https://www.maxinomics.com/cameroon/foreign-exchange-reserves-including-gold-billion-usd) > Any number of small to medium businesses operate without reserves, but that won't be enough for you. We're talking about governments and successful businesses at a scale where cash-flow is an important notion past knowing if you're going to have electricity next week or not. Nobody cares about brick and mortar shops with an owner that doesn't pay themselves and will be bankrupt next year (many times because they don't make enough to build reserves, ironically enough). Note the "successful" qualifier before "business" in my previous message. I won't hold you more, go back to your daydreaming about governments spending everything they collect/produce and don't necessitate reserves. I'll go back in reality, where ALL governments operate with reserves (mandated by laws or not) and few of them are now considering Bitcoin mature enough to have some in their reserves. Most recently a small one, maybe you've heard of it, they're called the USA, they've laid out plans for one with their SBR.

NationalScorecard

There are 140M houses in the USA. Only 21M bitcoin. Each bitcoin could theoretically buy 7 houses.

jetter23

They work the exact same way CFDs do. USA banned CFDs - we have Futures on stuff as its regulated by the CFTC

DIYnivor

If you're in the USA, I hope you're setting aside enough for capital gains tax.

ShyPoring

Not only USA. Retail is also totally asleep.

jimmybirch

The Taco who cried wolf effect is kicking in. Also remember that the rest of the world is buying crypto... The last two big leg ups have been while USA generally sleeps. Of course Trump can affect the global market, but the ripples are less severe.

StackingSats1300

That's the fun part, USA hasn't done that or lowered rates. I think this is all in anticipation of that happening.

shmungar

Most governments do. Just not the USA

Amber_Sam

I'm using Bitcoin almost on a daily basis. Buying groceries, paying for meals, taxis, domains/hosting, VPN... Spend and replace is usually the name of the game so no, I'm not spending bitcoin while saving in cash. I know you're not holding any bitcoin so not going to spend any but because you asked, here are my favorite directories: http://lightningnetworkstores.com/ https://btcmap.org - awesome map, you can even add your local vendors in, once you orangepill them. https://acceptlightning.com/list.html https://spendabit.co/ https://directory.btcpayserver.org/ There's also an option of buying gift cards https://thebitcoincompany.com/ https://bitrefill.com https://www.egifter.com/buy-gift-cards-with-bitcoin - this one's least fave because they use a shitty custodian for payments but are handy for a few cards. Spend and earn some sats back: https://foldapp.com - save up to 20% Starbucks, Uber, Target , whole foods , Dunkin https://www.lolli.com – save up to 30% by spending BTC anywhere but primarily USA stores https://satsback.com/stores-list - save up to 20% by spending BTC anywhere but primarily Europe stores You're welcome, u/AbXcape.

Bruteboris

The USA is broke. The Big Beautiful Bill gave it the last push. That’s what’s happening

Jaykalope

Microsoft’s market cap is about 3.5 trillion dollars. It’s the highest globally of any single security or investment one can make. All of the mined gold in the entire world has a market cap of about 16 trillion dollars. The GDP of the USA is about $28 trillion dollars. I hope this perspective helps you see the foolishness of what you propose.

supercali45

Crypto Week .. this week right? In USA

mynamewastaken69420

USA is awake lol

Kuchinawa_san

Imagine whar happens when USA wakes and all the news about BTC reaches 120,000!!! Once again greed era and alt coin era. 😄😄😄😄 Solana to 500$

WellPayed

Watch trump announce a tax break on made in USA coins

30SecondsOverTokyo_

Agree - the 4 yr cycle is no longer. It worked when BTC was highly speculative and its price action occurred in a hermetically sealed bubble of nerds and early adapters. Now that it is solidly over 100K and enjoying USA regulatory clarity; as well as sovereign funds and institutional funds accumulating BTC and dubbing it a "new asset class" the macro infuences have now come to dominate market value for BTC. Things like BTC mining, the 4 yr cycle, the halving, the influence of newly mined BTC placed on the market, MVRV-Z scores, etc- that's all old news.

pablo_in_blood

This is one of those sayings that sounds great but actually has no connection to reality. The whole world is interconnected and there’s essentially never a universally good or universally bad time - in WW2 for example, pretty well-agreed upon as a bad time for the world, you had countries that thrived within their borders (USA etc).

Charming-Designer944

No one knows for sure. Some attribute this 4 year cycle to the halvings and their effect on market supply. Some attribute it to the USA presidency cycle and efficiency of the elected president. Some attribute it to a 4 year cycle in the economics markets in general,.with an unexplained 6 months delayed effect on crypto price. And a number of other theories.

alander4

He’s talking about their insane spread. App only, not the exchange. USA USA USA

sdafsdffsad

FREEEDOOMMM right? but, if you think about it: USA is nothing else than a vassal of Europe, defending European culture and values while europe is sipping tea and coffee in the sun.

CompleteMine6873

USA is king, always will be. Deal with it.

DaskMusic

I think the USA economy is already hurting itself without the support from bitcoin.

heretik12

Yes, with an ETF I'll pay MER fees annually, but I won't be taxed on withdrawal in the future or on my gains for the funds held in my TFSA. If the USA removes capital gains tax on BTC that'd be awesome, I'd hope Canada would follow suit.

WellPayed

All made in USA coins moving isnt a coincidence, we'll know by next week

KiNg-MaK3R

Somehow the USA saves the dollar. Which I guess is good for the country?

2LostFlamingos

In USA with 15-20% tax, I agree selling is better. In areas with 50% tax, I’m looking for loans.

rbhmmx

Not if you live outside the USA

Witness-Wrong

Just ask chat GPT for your specific situation. It will literally give you all the info you need and how to file. Some counties tax only on gains and if you own for longer than a year it’s taxed less. Since you purchased high end items you are definitely gonna get caught even if you bough cypto off site. Better just pay up and report now. The eggs out the basket. Some countries like the USA will jail you.

ConfuciusYorkZi

Why would it go to zero? If everyone in the world forgets about Bitcoin tmr? This is not a fairytale, this is real, this is reality. Can you be in USA and the next second in China? The world operates under Physics and Mathematical proof. Bitcoin is math and it is real. It will never go to zero. Your job is to figure which side of the fence you're on.

Thomas5020

This is potentially the most ridiculous thing i've heard on this sub. The USA is not nearly as important as you think.

moonRekt

Great idea sell your bitcoin right before USA hyper inflates the dollar

Use_Da_Schwartz

China is #1 and has 2X electrical generation capacity of the USA. China has 4X the population of the USA but only 0.63X the GDP of USA. USA electricity is 0.5X of China, with 0.25X the people, with 1.59X the GDP. We will figure it out.

parakite

\* 3 million Bitcoins are estimated to be lost forever. These are basically wallets whose seed/keys were forgotten, who the ones which were not properly bequethed. \* Of the remaining 17 million, these are available in the market. 1. 1.2 million or so are in USA ETF. couple hundreds thousand are in other country ETF. 2. 600k are with Strategy/Saylor. Lots are with other companies. lets say 1 million total here. So that's about 2-3 million in ETF and companies. 1 year [hodl ](https://www.bitcoinmagazinepro.com/charts/1-year-hodl-wave/)wave for bitcoin has about 12 million coins, of which there are lets say 4 million lost and others, so thats 8 million coins held by normal people who haven't moved them in 1 year. 3 million lost + 3 million companies + 8 million 1 year hodl: thats about 14 million coins. Of the remaining 6 million, we expect they are actively being sold in market today. Once these are sold out to the long term holders, then we will have the Big Bang Parabola of Bitcoin. When will that happen? ETF are buying at rate of 1 million coins a year. So last date is 6 years. But companies are also buying, individuals, including billionaires like Ricardo Salinas uncle, are buying all the time. So I expect this to happen in 3-4 years, when all 'liquid bitcoins' will be bought by the long term holders. Take above with a pinch of salt. PS. Among the holders of liquid 6 million bitcoins are the altcoiners, who don't know they are holding digital gold. Our aim is to first get bitcoins from them. let them keep holding their shiny fake alts.

CoffeeArms

Please keep your dick away from Bitcoin. USA likes to put its dick in every hole it can find.

cryptofuturebright

So many things. Also next week is Crypto week in the USA!

abigguynamedsugar

# Just a little reminder Crypto.com is the damn name behind CRO. They have $CRO in their X bio, for example. The crypto.com cards feature and incentivize CRO purchases. Kris has CRO in his bio. CRO is in the blue chip ETF of the President of the USA, where Crypto.com is the payment provider for the damn US government. Crypto as a whole is being mass adopted, people are asleep. Crypto.com is hiring for [many technical jobs](https://x.com/cryptocom/jobs) in the USA. They are a lucrative, growing business behind CRO with the potential to be the fucking Amazon of crypto. And we're at $.10. I've said all along, for years, extremely bullish on $CRO. Patience is key

FeanorOnMyThighs

Trump USA baby!

smmrnights

That would upset trust in a big way. Not good news for the USA

IamLkevin

USA? For tax purposes keep it separate might be best.

strease

Not living in USA? Also, the percentage is way off I think

bleakj

I wouldn't have expected anything from him would have ever been made in the USA.

123_Free

Losten to yourself. If he is the rich people's president why did he get the majority of votes. You need to accept that this is the USA. Even the normal, the boring but also the poor want this. The majority of people living there want a society like this. Either by voting or by not bothering to vote. It is sad but is the reality.

cecirdr

I think he was being facetious. IOW, choosing irrelevant things because nothing in USA news seems connected to bitcoin taking off like this.

All_Talk_Ai

I think you’re taking the politics a little too seriously. What I mean is you’re believing what politicians are saying. Europe is in a a very bad spot. Europe need to collectively come together and agree, To produce better military equipment, Produce much much more in short order due to likely large scale war. Even the threat is enough to make you have to act. Then you have to figure out how to get off all the American companies clouds, you have to figure out how to come off visa and Mastercard payment systems. You have to pull all your companies off the US stock exchanges. You have to divest. You have to find new markets to replace America that you’re not already in or else your companies revenue will free fall and most business plans won’t survive it without mass bailouts from your tax payers. Then you have to figure out computer chips because obviously America isn’t going to sell you theirs. They might work something out for some chips to ASMC. You have to do all this with Russia breathing down your neck, countries not wanting to to spend on what’s needed (spain) UK will need to contribute to Europe which will protect a lot of the EU which they don’t benefit from directly. So who knows how much help they give until they’re directly threatened. Then you’re left with a few countries like Germany, France, Netherlands, Finland, Sweden but you got have so many more pour countries. That means the top countries will have to do all the subsiding the US currently does. You’ll have to completely get rid of all US war weapons and machines. It’s a lot and I don’t know. Is it impossible ? No but it’s highly unlikely that you’re able to do all of that with Russia, USA, and China trying to prevent you from succeeding.

weAREgoingback

Do you love the USA?

diradder

The issue isn't just the outrage, it's that he can do it without fearing any legal consequence. Other Presidents might have been tempted to do similar things (maybe not crypto at the time) but always respected the Emoluments clauses of the Constitution... Donald just whips his ass with that document, and would ignore the SCOTUS is they even said what he's doing is illegal (but they won't because he and his cronies managed to make the court balanced in their favor). The fact that Donald and the Republicans managed to destroy the system of checks and balances for his own benefits to me is the biggest failure of democracy in the USA. He could have use these extended powers for good things for the people, but instead he selfishly enriches his family and himself. He ran on "draining the swamp", yeah right... the few fools who voted for him and still have a brain of their own must feel really stupid, and you know it because you don't hear them anymore at the table, if you ask them about all this bullshit is "I don't know anything about this", "oh well President have their bad stories", "he's getting bad advice from people in his administration" or just silence.

Icey210496

Let's see. For Trump: Trump watches, Trump coin, Trump cards, Trump shoes, Trump fragrances. Truth Social where he still owns stakes. Hawking Goya beans using the office of the president. Wasting money on golfing at his own resorts and paying himself with American funds. Taking bribes from Qatar. Saudi Arabia. China. For the USA: Shitty tariff deals bleeding Americans. Cutting cancer research. Cutting national park funding. Cutting NASA. Taxing the poor more and cutting taxes for the rich. Cutting Medicaid and Medicare. Cutting food stamps. Yup. He's in it for himself.

BitsChuffington

How is this not incredibly obvious to you? He doesn't give a fuck about the USA. He's actively looting it

limpingdba

What value is his crypto scams bringing to the USA?

inShambles3749

Yes, he doesn't give a flying fuck about you, your family, your state let alone the USA. He's a walking pathetic grift

Yallah_Habibii

Not trying to gaslight But do you really think hes in it for enrich8ng friends family etc and not USA?

jimmybirch

Huge gains as USA is asleep… “This must be a US reason”!

MichaelAischmann

Dollar, Elon, Tariffs... If the reasons isn't made in USA, it's not a reason.

titsngiggles69

USA! USA! #1 avoidable currency devaluation! Merica, fuck yeah!

Millenial-Mike

You will be placed on the ICE watchlist and never will be allowed in the USA again!

Zyzz2179

So many dumb maxis in this sub. Stop fanboying your coins like it’s your political party. No wonder USA is a shitshow.

LinoStar69

USA buying ?

EnZ07boyyy

Eh, in USA and that’s due to the weakening dollar

No_Mission_1775

You realize that people outside of the USA can buy BTC?

TheRadishBros

Only USA has an administration actively trying to crash the value of their currency though.

Huge-Consequence1700

USA,USA, USA... lol.

BananaPeelPorridge

It's like asking will USA stop getting more federal loans. Inflation will most definetely make you millionaire with bitcoin, but million might not be that much money when that happens.

tallboybrews

Sure, but if you're in the USA, you're probably ahead of 90% of the world population financially even if you're working for minimum wage. Global wealth distribution and cost of living varies widely.

messisleftbuttcheek

Lol yeah, 1% of Bitcoin transactions are made with EUR. 92% are made with USD. Maybe if you're travelling to Europe soon you would care, but USA has experienced mild inflation in the recent past. This is an ATH like it or not.

SShiney

It really sucks you think that... So let's fucking go. Let's start buy building an ETF position, then we write weekley OTM cover calls... way otm, $200 a month... reinvest that i to your base position. Keep doing g that, do t play the short weeklies, bit the 6 month leaps... sell at 40%, and and duration... Capital wealth preservation is what youre hoping for.. It's a 4yr debt cycle of printing in the USA.. othes have longer duration... Turtles win the race - ignore the noise, flow the M2. Hold Fast!

adiabatic_storm

Yep. 21 million max cap and plenty already lost or destroyed. There are 41,702 ZIP codes in the USA alone, and supposedly Americans (individuals and companies) own 40% of all BTC. Some estimates suggest American retail investors own around $5.8M BTC, which is around 140 per ZIP code. With an average of 8,200 per ZIP code that's 0.017 BTC per person (but obviously the mean average is way higher than the median). 0.35 BTC is roughly 20X that mean average, which means it's generally a lot of BTC. There are obviously ZIP codes where the numbers are far different, but it's a decent starting point for understanding that it's a healthy amount.

KiNg-MaK3R

I’m with you. I’ve actually been with bitcoin for many years and still believe one day I might look at the price and it’ll be like $3k because one morning USA announces that bitcoin is illegal. There is a non-0% chance that can still happen.

Ash_Draevyn

Depends on where I am....Bitcoin TV combined with a whole bunch of others. I think yahoo and apple are the same. ATH may not be consistent depending where you are. In the USA, I don't think an ATH was reached. It tried to give it a kiss, then it ran away.

GrittyMcGrittyface

USA! USA! Merica, fuck yeah!

CorrectTadpole9997

not for the more stable currencies ;p Sorry USA..

MagnetiC_7

Maybe due to my English, I didn't understand very well! But as I see, the EU is easily behind China and the USA in tech and AI technology! About cars, we better not speak! They make expensive cars with less functionality than other countries! About defense, they are all weak without the USA! So, what didn't I understand?

ReconeHelmut

Thera are still more US residents on Reddit than any other country. So, we talk about USD once in a while. [https://www.statista.com/statistics/325144/reddit-global-active-user-distribution/](https://www.statista.com/statistics/325144/reddit-global-active-user-distribution/) 47.89% USA 7.13% UK 6.89% Canada 4.14% Australia 3.19% Germany

Vipertje

Actually not. My income went up drastically to cover inflation (do not live in the USA) my mortgage stayed the same and will so for the next 15 years out of 20 years on a 30 year mortgage. Yes my expenses like food, gas etc went up, but that is less than I would need to start now from scratch if I would need to buy the same house now.

semanticweb

Will this make the process faster? I am not from USA. They are planning to pass the bill by September. Any idea??

biba8163

**Alt Season 2024/25** In previous cycles around this time frame, BTC did ~7X in 2017 and 5X in 2021 while the entire Alt Marketcap went 35X or 13X! This time around BTC has only ~2X which is still remarkable because you can't realistically expect a Trillion marketcap to 5X in 1 year. Diminishing returns and institutional money means the flow to Alts has petered off and the Alt marketcap has barely ticked up over the course of 1 year in a bullrun. | 1-Year | BTC | ALT | |:-----------|------------:|:------------:| | 2016-2017 | 7.3X | 35X | 2020-2021 | 5.3X | 13X | 2024-2025 | 1.9X | 1.3X The majority of the marketcap growth from last year, was the ~$1 Trillion growth in BTC marketcap. Almost every single Alt is stagnant or down. There was a poor hag Alt Season in late 2024 with a handful of coins that pumped with the ISO-20022, Made in the USA, free from Gensler/SEC narratives that have gone up: XRP 6X, XLM 2X, HBAR 2X, etc. There is also TRON and XMR which have the lowest correlation with BTC that went up 2X. Without these and a few other new coins, the Alt Marketcap would actually have shrunk. | | 7/9/2024 |7/9/2025 | |:-----------|------------:|:------------:| | **BTC Marketcap** | $1.14 Trillion| $2.16 Trillion | **Alt Marketcap** (Excl. Stablecoins) | $0.75 Trillion| $0.97 Trillion

biba8163

**Alt Season 2024/25** In previous cycles around this time frame, BTC did ~7X in 2017 and 5X in 2021 while the entire Alt Marketcap went 35X or 13X! This time around BTC has only ~2X which is still remarkable because you can't realistically expect a Trillion marketcap to 5X in 1 year. Diminishing returns and institutional money means the flow to Alts has petered off and the Alt marketcap has barely ticked up over the course of 1 year in a bullrun. | 1-Year | BTC | ALT | |:-----------|------------:|:------------:| | 2016-2017 | 7.3X | 35X | 2020-2021 | 5.3X | 13X | 2024-2025 | 1.9X | 1.3X The majority of the marketcap growth from last year, was the ~$1 Trillion growth in BTC marketcap. Almost every single Alt is stagnant or down. There was a poor hag Alt Season in late 2024 with a handful of coins that pumped with the ISO-20022, Made in the USA, free from Gensler/SEC narratives that have gone up: XRP 6X, XLM 2X, HBAR 2X, etc. There is also TRON and XMR which have the lowest correlation with BTC that went up 2X. Without these and a few other new coins, the Alt Marketcap would actually have shrunk. | | 7/9/2024 |7/9/2025 | |:-----------|------------:|:------------:| | **BTC Marketcap** | $1.14 Trillion| $2.16 Trillion | **Alt Marketcap** (Excl. Stablecoins) | $0.75 Trillion| $0.97 Trillion

No_Cream7539

I can whip up new money in the dollar system. I go to a lender sign some paperwork and bam new money out of nowhere. Its called a loan and ensures the value of money created is backed by a promise to repay. Debt gives the dollar value. It's the same as how treasuries are supposed to work. The new money the government makes is backed by debt promises which is what gives the created dollars value. Now unfortunately this breaks down if loans are defaulted (housing crisis) or if the government signals they don't intend to ever pay back debt (current USA).

553l8008

You're not arguing about it because you tried and failed. I am not during anything. Before crypto people used dollars. We little have funneled billions of cash dollars to terrorist groups over the decades. You and USA are just mad you can't now control the medium of exchange and who gets it and when. Get bent you fallacy laiden fool

UbermenschMatt

NEVER, EVER, use KYC on a foreign exchange unless you know EXACTLY how your country polices foreign exchanges. I've never had an issue with WEEX, and have never completed KYC, because the USA has very strict policing policies for foreign exchanges. Your accounts are getting locked because of LOCAL regulations in the country where you reside, which are automatically flagging your accounts as "suspicious activity". It has nothing to do with WEEX. The exchange is simply analyzing the data and comparing it to guidelines set by the laws in your country, and using those guidelines to determine whether or not your account activity is "suspicious". This practice is common across many exchanges, including Binance.

Big_Crank

I think one day we will count btc in satoshis. Itll be much easier cuz btc will be worth so much. I plan on starting with 0.10 btc (one day will be worth a house). Yes 0.5 btc is enough. On the off chance that in the next 50 years, the USA is able to keep the US dollar as the strongest currency in the world , you may want to consider owning some stocks. bitcoin is going to be 10% of my portfolio

Revolutionary-Break2

Shit, USA is waking up

TheArtofStackinSats

Shakepay, I keep hearing about that. Is it available in USA?

Amber_Sam

If you're thinking about implementing some, here are my favorite directories: http://lightningnetworkstores.com/ https://btcmap.org - awesome map, you can even add your local vendors in, once you orangepill them. https://acceptlightning.com/list.html https://spendabit.co/ https://directory.btcpayserver.org/ There's also an option of buying gift cards https://thebitcoincompany.com/ https://bitrefill.com https://www.egifter.com/buy-gift-cards-with-bitcoin - this one's least fave because they use a shitty custodian for payments but are handy for a few cards. Spend and earn some sats back: https://foldapp.com - save up to 20% Starbucks, Uber, Target , whole foods , Dunkin https://www.lolli.com – save up to 30% by spending BTC anywhere but primarily USA stores https://satsback.com/stores-list - save up to 20% by spending BTC anywhere but primarily Europe stores >Ln Pizza Doesn't exist anymore. Also, posting about it in r/TheLightningNetwork might get you some extra ideas.

Hboy121

The money is going to come from M2 - Increased money supply. Trump is reducing tax for the wealthiest people in America whilst increasing spending. So the Fed will have to increase the money supply, interest in the USA will come down within 9 months or after when Powell will be fired/resign. This will bring a Tsunami of money into assets.

Gallus_11B

"I like XRP, american, the best crypto. Frankly a lot of people are saying this. Ripple's CEO, Brad some call him, he's a great guy. Big supporter. Huge. He came to me with tears in his eyes and said Sir, you're the greatest president of all time, no contest, which is true. So anyway USA is going go buy all the XRP coins, big beautiful coins, all the coins, best coins". -Trump probably in a few days before anyone tells him he can't do that.

SixtAcari

Solid token for holding, L1 not L2 scam, made in USA, unlocked fully, potential ETF candidate I have some nice cash sitting in it, but you need to understand any ALT won't pump until BTC breaks ath and stops, possibly autumn / winter. But it's a nice entering point for future altseason if it happens. If you don't know should you sell or not - sell now and forget about buying alts, it's gambling at this point.

bitusher

>people who say Bitcoin will replace fiat currency someday. Perhaps overly optimistic Fiat currency will likely persist for our lifetimes and even if Bitcoin becomes the world reserve currency we will still likely have fiat currency with many countries being dual currency countries like we already see today. Thus my country uses crc and usd (because usd is often used by tourists and the dominant reserve currency) . Thus if Bitcoin overtakes USD as this role we will likely use CRC and BTC instead and the USA will use USD and BTC. >how can an economy exist without significant recession of consumer spending? more spending occurs with deflationary periods in btc https://old.reddit.com/r/BitcoinBeginners/comments/1ls6m5j/i_dont_understand_if_i_buy_a_btc_for_110k_with/n1guesc/ also its an extremely unlikely hypothetical that only Bitcoin will be the sole form of currency globally anytime soon if ever >Wouldn't people have constantly more incentive to save their Bitcoin rather than spend it on anything but the utmost necessities? The opposite occurs in practice. read the link above >Lenders and banks would have much less incentive to lend, as it would likely be more profitable to just hold the coins themselves. This doesn't follow as loans can simply have higher interest rates to account for the appreciation of Bitcoin. What you could suggest is people would save more instead of being more-so dependent upon debt and credit which is a good thing IMHO. Additionally, there will always be incentives for angel investing and venture capital investment for multiple reasons : 1) Higher possible returns than slow appreciation of bitcoin 2) The ability to leverage and have more of a vote in certain companies and industries which is valuable in itself >And if you WERE able to get a loan in bitcoin, wouldn't the amount you owe be constantly increasing, Not if the interest payments was set higher than the appreciation of bitcoin. >better solved by a slightly inflationary currency or just responsible monetary policy. I believe either slight inflation or slight deflation can both be fine for currency. The more important aspect is stability of a unit of account which bitcoin might get one day with more liquidity. The problem with fiat isn't so much that 2-3% inflation is so horrible in itself, but how its manipulated and controlled by corrupt individuals and also the reality that inflation is typically much higher and those numbers are extremely misleading for simple facts like substitution in calculating the CPI or the fact that they don't even consider interest payments almost everyone pays . In the USA one of the main ways the BLS manipulates the CPI to reflect much lower inflation than most people experience is in calculating the Consumer Price Index (CPI) not including interest payments on personal debts like mortgages, auto loans, credit cards, or student loans at all. The average middle class person in the USA pays between $1,650 to $1,850 a month in interest or over 20k usd a year. This is why it feels like inflation is much higher than the 2.4% they claim right now . >idea that Bitcoin is more analogous to gold or some sort of stock asset than a currency like it was initially described. Gold was used as money for more than 2,500 years and bitcoin in most ways is better than gold on what makes for a good currency.

paulfinort

I feel her pain. I had several almost successful sim swaps with Straight Talk (USA). Switched providers and haven't had an issue since.

LandOfLuckyGhosts

The typical mortgage in the USA is 30 years and the home buyer typically ends up paying double the value of the home when alls said and done by the end of that 30 years. Theres also maintenance and property tax. Conversely of course, if that exceeded the cost of rent, then there would probably be fewer landlords. so it must be less than rent most likely. I guess the question really is whats the rent, how much do we expect it to go up each year, how much is the house value, how much do we expect it to go up each year, the terms of the loan, how much money do we have, how much do we think we can generate per year without the house. or something. Its really confusing cause we really just dont know how much rent will go up, how much bitcoin will go up, or how much the home value could go up. And yes, the fact that you can 5x your power with a loan also seems to change it, and of course then you have to consider the interest rate. This exact topic has been on my mind a lot lately. Also I didnt downvote you. And I dont know the answer, no one does I guess cause we dont know the future. a common argument that sounds logical is the "we all need somewhere to live" argument, which basically says may as well buy because youre going to be living somewhere anyway so may as well get the house. or the classic like "you can't live in a bitcoin" type argument. What were really thinking about here, I believe, is were trying to figure out which path will ultimately result in a higher net worth. and exactly, one risk of going all in on bitcoin and refusing to buy a house, is maybe the rent sky rockets. Which to be fair seems quite possible. I think the jury is still out. It seems like it would be surprising if real estate outperformed bitcoin over the next 10 years. the problem is, like you said, youd still be "wasting" money on rent in a sense. This has really been something ive been having a hard time making much of a prediction on cause theres so many differnet forces at play. idk which path is better. I know culturally homeownership is respected, and I can see some amount of quality of life aspects that seem pleasant to being the owner of a home vs renter. Still though.. you see the housing costs going up so much and sometimes you stop and think and worry if youre making the correct decision. especially as you said given we do have access to a certain amount of leverage hypothetically.

BenKen01

It’s for sure less than 1% globally, but tbh that’s counting a whole hell of a lot of people that would never really be investing in anything comparable. I think early majority is fair. Hard to make a case for early adopter if you didn’t beat the fuckin USA and China to the game.

superdimensionalsex

idk but with the lack of regulation in the USA and companies blood lust to avade taxes, I think it could jump up again. i cashed some out tho, why not

spartys15

The USA will find a way to to tax it

Old-Zookeepergame590

First understand how cash/ money truly works. Research fractional reserve banking and the gold standard. Look at how much money the USA printed during Covid (around half of the supply). BTC cannot be manipulated by a 3rd party in terms of supply, it’s a really cool concept how how a currency should be.

Emotional_Perv

We have no middle class left in the USA, anyone who thinks we do is delusional. We have poverty through upper poverty, and the truly wealthy billionaire class.

Discokruse

This makes way more sense. Patriate the bitcoin somewhere other than USA.

somenutrituonguy

Moving to another country isn’t as easy as people think. They have visas and guidelines. Can take years if even possible but some will take you if you buy something - make an investment. Then you have to renounce USA citizenship. At which point the USA probably will restrict you getting an ESTA to vacation here. It’s very possible. You’d certainly need to consider you might never be able to return. It’s possible…

Angry-PinBoy

Theoretically yes, but creating a functioning quantum computer capable of this kind of brute forcing is not something just anyone can do. Large companies and government-funded research institutions are working on this technology, but it wouldn’t make sense for them to create such a threat against something they themselves own—like Bitcoin, which is held in significant amounts by countries such as China and the USA, as well as many other entities.

FickleWinner8261

Switzerland but they won’t touch you with a USA passport. So leave the USA. Buy a Caribbean or Turkish passport, then renounce USA citizenship. Done.

chuckrabbit

USA was directly responsible for the fall of the Soviet Union. Yes Russia influenced our election by spreading propaganda online, but let’s be honest here. Russia did not make 30% of Americans to be racist, uninformed, and overall regarded. Republicans have been fueling a bullshit culture war while defunding education for decades. Russia did not start this. They “meddle” in everybody’s elections. I don’t blame Russia for Trump. I blame the ignorant and racist Americans for Trump. Yeah I’m still siding with the CIA on this one.

Accomplished_Good612

the USA socially u redeveloped country? Hahaha