Someone Help, please buy more Satoshis at an inflated price😂: Bitcoin tumbles as Economic DEFLATION grips the global economy #BitcoinPlungeProtectionTeam- December 6, 2021

Not sure how long it’s going to take for people to catch up with what’s happening in Bitcoin, but I’m sure in time people will figure out they’ve been duped. Anyway in the meantime Bitcoin at least for today is above $40,000 and I still believe it could crack $100,000, I have to remind people that Bitcoin doesn’t do anything for the global economy. So it absolutely can go up to $100K, $200K+++.

Whatever anyone is willing to pay for it is what it will go for. Now for myself, I’m still hoping Bitcoin will BREAK the regulators because if Bitcoin can do this, we can possibly bring back commodity-based currencies to the world instead of this fiat currency garbage Bitcoin is basing its price on. So if you’re not paying attention, the more people involved in Bitcoin the better it is for Satoshis because especially if you’re new, you’ll inadvertently purchase a Satoshi at an inflated price which of course pushes up the price of Bitcoin.

It’s pretty stupid when you think about it, but it gets even dumber when comprehending that there are entities in place, to do the buying, I call it the Bitcoin plunge protection team and eventually will catch on, but even if they do, I don’t know if they’ll care 😂. Because I’m not the only person that knows this and it wouldn’t surprise me if this price dip is only a temporary setback to push the price up higher.

Is Bitcoin a pyramid scheme? I’ve argued that no it’s not, but I do think its value is derived from fiat dollars and currently, the economy is deflating, which for me makes what’s happening in Bitcoin all the more interesting. Now, when most people think about economic deflation, they imagine fewer dollars in circulation, that’s not how I define ECONOMIC deflation, I personally don’t consider fiat money to be real money, because when the economy is deflating the CENTRAL banks can infuse CONFIDENCE into the markets and this confidence or wealth effect can lead to individuals purchasing Bitcoin?

Now, if the global economy was on a Gold Standard no idiot would buy Bitcoin, because it’s stupid, under a Gold Standard people don’t even need government money, which is why the Nixon Shock was all about banning foreigners from converting their U.S dollars into Gold -you know patriotism 😂. So if you’re not observing the global economy on the edge of collapse I assume unlike me that you don’t like watching trainwrecks?

I’m not giving any financial advice, but it wouldn’t surprise me if people or entities start buying the dip. Satoshis are rather cheap if you know what I’m saying!

Blue Monday? Bitcoin tumbles 5% after weekend battering | reuters.com

Interesting times ahead!