Comparing instruments like BTC/SPX like this... bullshit or no?
Not the technicals in this chart but in principle.
Once I read a corollary of the idea "follow the money." You can tell a city is going bad when the wealthy people leave. If a bunch of them do it, what remains is on the way down. A little bit because rich people fund a city, but mostly because many people want to leave but only rich people can leave quickly. Again: not because rich people are smarter or better, but because many really smart and really great people would like to leave but can't afford it.
Watch for when the rich people leave.
@skells There's a limit to how specific i can be, but if you're doing business with someone who refuses to accept cash and you no longer have a bank acct, that debt just piles on the penalties. Yet a bank has a right to refuse business to anyone.
@skells btc is only viable when 2 parties opt to use it. If your utility company, mortgage lender, and tax collector only accept bank payments you’re stuffed. Laws forcing legal tender acceptance are getting ignored more and more.
QOTO: Question Others to Teach Ourselves. A STEM-oriented instance.
An inclusive free speech instance.
All cultures and opinions welcome.
Explicit hate speech and harassment strictly forbidden.
We federate with all servers: we don't block any servers.