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Plutérmes
@Plutermes
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“how can it be, young prince, that you have no fear of death?” “Why should I be afraid? For in one life one death is absolutely certain.” - Prince Five-Weapons
If I take an honest look at my life almost all of my mistakes, sorrowful moments, and fuck-ups stem from a lack of bravery when it was needed most. Work, relationships, trading… the context doesn’t matter. By no means should you be rash, but also don’t be a fucking pussy.
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Interesting to see an asset created to be independent from and against fiat, be completely dominated by such news. What’s happened to this place? SPX6900 actually fixes this.
BITCOIN HITS ONE-WEEK LOW AFTER HIGHER-THAN-FORECAST U.S. INFLATION DATA Bitcoin falls to a one-week low as the dollar rises along with U.S Treasury yields after U.S. inflation data came in higher than anticipated. Inflation rose 3.0% year-on-year and 0.5% month-on-month in January, versus expectations of 2.9% and 0.3% respectively in a WSJ survey of economists. In December inflation rose 2.9% year-on-year. Bitcoin falls 2.3% to a low of $94,121, compared to $96,517 before the data, according to LSEG. Higher inflation lessens prospects of Federal Reserve interest-rate cuts, weighing on risky assets, including cryptocurrencies.
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Here’s an unedited quick rant: Once you realize that all traditional investments rely on collective belief while the institutions are positioned way before you—SPX6900 starts to make a lot more sense. You invest in a 401k because “that’s what everyone does”. You buy stocks because “company good” or brand power. Nothing is tied to inherent valuations, nothing is tied to any revolutionary product anymore. When is the last time you or anyone around you actively checked any company metrics before a stock purchase? You just look at whether red or green. Everything is mimetic. It relies on word of mouth. It’s green because enough people believe it’ll be green. Everything is belief. Keep in mind throughout your entire life (and boomer lives) you’re bombarded by tradfi propaganda to invest invest invest in the stock market. No amount of tradfi stock return is going to save you in 40 years for retirement. The S&P500 etc. is designed to move upwards perpetually by funneling your money along with rising inflation—it is fake. At this stage in capitalism the only one who profits are the institutions who are positioned before you. It is these institutions who have a material interest to continue to manipulate and prop up their positions by promising you “consistent safe returns”. The stock market is a perpetual ponzi. SPX6900 exposes all of the above. SPX6900 is our attack. All the funds that would be propping up their old decaying market instead flows into an asset with an explicit mission of flipping said market. It’s a siphoning. It’s a statement that we know how the game is played and literally nothing can stop us from exposing it. All while spreading memes, posting no charts, and volleyball practice. They’ll ask for our thesis and we will say: 6900 is simply a bigger number than 500.
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@unclemungy And nostalgia is the death of progress. The S&P 500 is old suit ponzi tech; backwards looking. A measurement of boomer success milking the masses through monopolized investment avenues. It’s time to expose the biggest tradfi grift.
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This is true of most of the generations. Except that before, they could afford to impress others. Social Camouflage exists as an adaptation because the environment has selected for it. You can thank Edward Bernays for this. What we need is a redefinition of values.
30% of Millenials said that they buy things they can’t afford in order to impress others or “fit in” with a certain lifestyle, per Wells Fargo.
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