Bitcoin....who's gotten into it?

[J. Barron DeJong]

Multiverse owning jong love it.

Is he now? Just like last time?

[byates1]

Dude obviously has a wealth of knowledge deeper than you or I. This is life, deal w it Nancy.

[J. Barron DeJong]

Dude obviously has a wealth of knowledge deeper than you or I. This is life, deal w it Nancy.

Dude was arguing things that ~99% of economists, including every living Nobel Prize winner disagreed with, and wouldn’t provide any sources to back up any of his claims.

Sorry, he may have different beliefs than mine, but his aren’t the ‘one tru knowledge’. But he certainly is cocksure.

[MultiVerse]

The saddest, most pathetic, most "Tell me about the rabbits, George" part of Jong's response is I not only showed my work, including 'The Economist,' but I cited his own sources too. It was like discussing something with someone who still reads Tiger Beat magazine. In any case, most economists today recognize that housing prices fairy quickly returned to so called bubble levels which is really all the proof anyone needs to know the Fed's recession caued the housing crisis rather than the housing crisis causing the recession.

[J. Barron DeJong]

Dude obviously has a wealth of knowledge deeper than you or I. This is life, deal w it Nancy.

Since you have a newfound respect for his depth of knowledge, are you going to start listening to what he has to say regarding Bitcoin?

[byates1]

I know what BTC is, have and continue to do well w it, understand it's not for everyone, don't really care.

You have mv on ignore because you're a pussy.

[J. Barron DeJong]

I know what BTC is, have and continue to do well w it, understand it's not for everyone, don't really care.

You have mv on ignore because you're a pussy.

No, I have MV on ignore because he assumes things about me that are incorrect, and resorts to personal attacks when challenged.

Like, if I was arguing that home prices weren’t a bubble, and using the Case-Shiller home price index for my data, I might not be so definitive in my assessment given that Nobel prize winning Yale Professor Robert Schiller, creator of said index, still to this day believes it was a bubble.

He’s far from alone.

Show some fucking humility.

[MultiVerse]

lol, three things. One, clearly despite claims of 'ignore' Jong is peepin' at posts.

Second, what the Fed and Case-Shiller failed to take into account at the time was the structural changes in the U.S. economy (mostly driven by rising tech wages) causing housing prices to rise especially in cities. We're seeing a similar phenomenon today with work from home where people want nicer homes in better locations. The irony of him citing of Case-Shiller in this context is just last week he was arguing about the need for more housing, as if the housing bust (not bubble obv) didn't contribute to the current state of affairs.

And third, no one here is playing the toxic identity politics game harder than Jong is now. He's screaming "mommy, he hit me back!!!" like all identity politics dorks do.

[byates1]

Jong can you provide a chart showing your gradual and steady pussification over time? Thx.

[stalefish3169]

Guy who’s very, very concerned about wealth inequality:

Attachment 491306

Also a goldbug. Don’t recall, was he left or right wing?

You act like the it's a surprise that I posed a Austrian Economic think tank reference in The Bitcoin Thread.

Don't get fooled by the Red Team versus Blue Team bullshit.

[J. Barron DeJong]

You act like the it's a surprise that I posed a Austrian Economic think tank reference in The Bitcoin Thread.

Don't get fooled by the Red Team versus Blue Team bullshit.

I’m surprised that anyone values what they have to say.

[stalefish3169]

Speaking of political parties, it's a real slippery slope when they can freeze each other's assets.

"India’s Congress party accuses government of freezing accounts before polls
The main opposition party says Modi government has ‘crippled’ it before the upcoming election by freezing bank accounts in an income tax case."

https://www.aljazeera.com/news/2024/...s-before-polls

Lot's of the Blue Team Jongs in here were cheering on Justin when he froze the truckers' money. I wonder how they will feel when Genocide Joe loses to Trump and Donnie decides to seek revenge on his enemies by freezing a bunch of left-wing money.

[J. Barron DeJong]

Speaking of political parties, it's a real slippery slope when they can freeze each other's assets.

"India’s Congress party accuses government of freezing accounts before polls
The main opposition party says Modi government has ‘crippled’ it before the upcoming election by freezing bank accounts in an income tax case."

https://www.aljazeera.com/news/2024/...s-before-polls

Lot's of the Blue Team Jongs in here were cheering on Justin when he froze the truckers' money. I wonder how they will feel when Genocide Joe loses to Trump and Donnie decides to seek revenge on his enemies by freezing a bunch of left-wing money.

Didn’t realize the truckers had formed their own political party.

[skaredshtles]

<snip> Donnie decides to seek revenge on his enemies by freezing a bunch of left-wing money.

Just out of curiosity - how do you imagine this would work, from a legal perspective, in the U.S.?

[stalefish3169]

Just out of curiosity - how do you imagine this would work, from a legal perspective, in the U.S.?

Sonya Sotomayor is forced to retire due to health issues during Trump's 2nd term. Trump gets 7-2 majority on Supreme Court, largely does what he wants. People with internet search history containing the phrase "abortion provider" or similar start seeing their bank accounts frozen.

[skaredshtles]

Sonya Sotomayor is forced to retire due to health issues during Trump's 2nd term. Trump gets 7-2 majority on Supreme Court, largely does what he wants. People with internet search history containing the phrase "abortion provider" or similar start seeing their bank accounts frozen.

I admire your Doomerism.

[stalefish3169]

I admire your Doomerism.

It's great that you posted that in a thread full of geezers fervently rooting for Bitcoin to fail.

[skaredshtles]

It's great that you posted that in a thread full of geezers fervently rooting for Bitcoin to fail.

My old man (rest his soul) had a streak of Doomerism in him (national debt, gold, Austrian School of Economics, etc.) - he was convinced the country was going to fall apart any day.

This was in the mid- to late-80's.

Shockingly, none of the doom came to pass.

Yet.



And FTR - I don't give a rat's ass if Bitcoin fails or goes to eleventy billion. But it is entertaining.

[stalefish3169]

My old man (rest his soul) had a streak of Doomerism in him (national debt, gold, Austrian School of Economics, etc.) - he was convinced the country was going to fall apart any day.

This was in the mid- to late-80's.

Shockingly, none of the doom came to pass.

Out of touch much?

https://www.webmd.com/depression/new...d-rates-survey

[CarlMega]

Out of touch much?

https://www.webmd.com/depression/new...d-rates-survey

Please explain what that is supposed to mean?

[stalefish3169]

Please explain what that is supposed to mean?

People are stressed the f out because they can't afford life.

[Foggy_Goggles]

Did your therapist prescribe BTC?

Sent from my SM-X200 using Tapatalk

[mud]

If you feel suicidal just buy BTC.
Nothing is more empowering than waking up and smugly posting on social media on how smart you are trading vaporware.

[stalefish3169]

Did your therapist prescribe BTC?

Sent from my SM-X200 using Tapatalk

I don't have a therapist. I'm a pretty happy guy.

[stalefish3169]

If you feel suicidal just buy BTC.
Nothing is more empowering than waking up and smugly posting on social media on how smart you are trading vaporware.

Just do nothing while you get bent over by infinite money printing.