ProgrammableTX

If you're freaking out over the AI doom fiction circulating tonight, I can suggest an antidote. Read Chapter 7 of Henry Hazlitt's Economics In One Lesson, published in 1946.

As if the havoc hasn't already been wreaked.

Published in 1961, this is a thoroughly modern book which correctly diagnoses the ailment of our money today in 2025. "Inflation is a monetary phenomenon pure and simple. There is no such thing as an inflation by "wage-push," or by "profit-push." Both are consequences, not ultimate causes. The cause is the excessive volume of credit, sparked by the debt-monetization practices of the central bank under the self-assumed function, since 1938, of "maintaining an orderly market" for government securities. No such function was originally intended or written into the statutes of the Federal Reserve System. It is a pretext and fancy name to cover up the reality, which is to permit Washington to indulge in fiscal irresponsibility. (Page 39)

If I may add to Shinobi's point, the only one guilting of squatting is Roger, who domain squatted Bitcoin dot com, causing endless confusion. Remember this bullshit?

If we mimicked 2017's weekly candles at this point in the cycle EXACTLY (which we won't, but if we did) then here's what would happen over the next 9 weeks: Week of Nov. 18: Low: $72,901 High: $88,359 Week of Nov. 25: Low: $82,690 High: $103,602 Week of Dec. 2: Low: $88,947 High: $119,082 Week of Dec. 9: Low $93,792 High: $115,965 Week of Dec. 16: Low $89,836 High: $110,705 Week of Dec. 23: Low $90,434 High: $112,183 Week of Dec. 30: Low $97,600 High: $117,514 Week of Jan. 6: Low $110,705 High: $136,875 Week of Jan. 13: Low $127,669 High $154,228