Why I Quit Investing In The Fiat Ponzi And Started Saving In Bitcoin

Eventually, the results speak for themselves: Top central bank balance sheetsWe Need Better CriticsOne of the most commonly-cited reviews I hear from economic phds and seemingly-sophisticated financiers alike is that Bitcoin is a Ponzi scheme: a video game of the greater fool buying from the scammy huckster as the earlier financiers dispose their bags on the new.LinkedIn post that inspired this post, accessed on November 27 however since deletedThe above post perfectly highlighted the complete lack of understanding, let alone critical thinking, surrounding this particular line of FUD. Bitcoin is not crypto, and crypto is not Bitcoin.Federal Reserve financial information: M2 money supply vs. S&P 500In what now feels like the blink of an eye, trillions of dollars were developed to avoid the system from imploding. Supply and demand has a price effect on bitcoin, yes, however does the stock market not require brand-new money to support prices as well?Bitcoin Is SavingsSavings: Money put by the excess of income over expenses. You see, how could Bitcoin be a Ponzi when Bitcoiners do not even want your dollars? Attempt to profit off our demise, though I dont believe you will.We will just keep holding and buying, continuing to front-run you and Wall Street, and everyone else who refuses to even attempt to understand Bitcoin.

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This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps.Always up, constantly having to include more lest you fall back. I could feel the American dream gradually escaping every year. We dutifully paid our expenses, added to retirement accounts, invested wisely and yet it felt like every year things got a little tighter. A little more difficult to contribute what we needed to. It provided us hope when we discovered Bitcoin.”Striking is shared suffering. A game of chicken. Bitcoin changed the video game. It made striking valuable to the striker.”– Matt Hill on “Bitcoin Audible,” episode 75Now my partner and I are on strike, like much of you reading this short article probably are. When the money printers began roaring after the COVID-19 lockdowns began in 2020, I felt a sinking feeling that the world would never be the same once again. Ungodly amounts of money were thrown around on the news stations with such causal indifference. Ultimately, the outcomes speak for themselves: Top reserve bank balance sheetsWe Need Better CriticsOne of the most commonly-cited reviews I hear from seemingly-sophisticated investors and financial PhDs alike is that Bitcoin is a Ponzi scheme: a game of the higher fool buying from the scammy huckster as the earlier financiers discard their bags on the new.LinkedIn post that motivated this post, accessed on November 27 however since deletedThe above post wonderfully highlighted the total absence of understanding, let alone crucial thinking, surrounding this particular line of FUD. The abject lack of intellectual interest is impressive, yet in some way unsurprising provided my recent stint in academic community:”The whole thing depends on a lot more individuals parting with their cost savings …”Is this not real for the stock market? The real estate market? The commodities market? By that reasoning, every market with fluidity of rates based upon supply and need is a Ponzi scheme. I guess its time to go back to the barter economy? Or does the stock market go up on profits alone with no purchasers or demand?In fact, It appears to me that rates have been going up much faster than profits given that about 1980, even when taking inflation into account: SourceThe above image portrays the Shiller PE ratio for the S&P 500. It is the price-to-earnings ratio for the stock exchange, however adjusted for inflation. Can anyone state “Cantillon impact”? Fiat Is The PonziCrypto is a symptom, not the underlying issue. Years of pent up nihilism released into get-rich-quick pump and discards as the world seemingly falls apart around us. Its not hard to see why. Bitcoin is not crypto, and crypto is not Bitcoin.Federal Reserve financial information: M2 money supply vs. S&P 500In what now feels like the blink of an eye, trillions of dollars were developed to avoid the system from imploding. All of a sudden, the stock market was expanding while it appeared like whatever was collapsing. I dont even blame the central lenders. They responded to their incentives and did what they had to, but the results were alarming. If you werent already invested, you lost huge, making it just that much harder to get your dollars to work for you, to get away inflation and ultimately escape the rat race.One of the most salient illustrations to me is the listed below graph. It shows that you ought to purchase a house, any house, it doesnt matter. Because if you do not currently own a home, if you choose to conserve instead, you may never really be able to pay for one. It does not take a lot of empathy to comprehend the financial desperation many are feeling today. Federal Reserve financial data: M2 money supply vs. real estate rate indexNow, I admit that Im not an expert statistician, but the charts appear to have some considerable correlation. Maybe CPI inflation may not be the only problem. Maybe property price inflation might be requiring savers to end up being part-time investors. Supply and demand has a cost influence on bitcoin, yes, but does the stock market not need new money to support prices as well?Bitcoin Is SavingsSavings: Money put by the excess of earnings over expenditures.– Merriam-WebsterSo, why cant we simply conserve cash any longer? The FRED graphs included here tell it all. You will never keep up if you dont become an investor. That is, up until now. Bitcoin is our savings in a world bereft of things worthwhile of financial investment. Even if it hits $1 million tomorrow, were not offering. What would we even offer it for? To diversify? Into what? A stock exchange entirely dependent upon cash printing? An investment property where our tenants will not need to pay lease following the stroke of a political leaders pen? A shiny rock with “intrinsic worth”? You see, how could Bitcoin be a Ponzi when Bitcoiners dont even want your dollars? What you dont comprehend is that were playing a different video game now. What you do not comprehend is that were trying to develop something brand-new; a better future for our grandchildren and kids. If you believe bitcoin is doomed to crash and burn then short it. Try to profit off our demise, though I do not believe you will.We will simply keep holding and buying, continuing to front-run you and Wall Street, and everyone else who declines to even try to understand Bitcoin. We hold no anger or resentment toward you. We dont want to consume the abundant, or to burn the system down; we simply dont wish to play by your guidelines anymore. And if we go down with the ship, at least we lost it all fighting for something we believed in. This is a visitor post by Mickey Koss. Opinions expressed are completely their own and do not necessarily show those of BTC Inc or Bitcoin Magazine.