LoL WuT?
No, Bitcoiners are not "batting 1000". They literally say everything is a scam except Bitcoin so anytime anything crashes ever they are "batting 1000". How many times have we heard them say USDT or Coinbase is going to collapse? Still waiting.
Not that I think Trump's new crypto venture has any promise whatsoever. This isn't even the first time he's pulled this nonsense. It's like everyone has forgotten that he already has a full set of completely failed NFT products. Those go all the way back to 2022.
I can't say I know much about World Liberty Financial... but I'm sure it's absolute garbage. Nothing Trump (or any politician for that matter) has said makes me think they could ever embrace decentralization in any way. Many RFK but let's be honest that guy is absolutely cray cray... or he at least has that appearance to any "normal" person.
The "experts" have spoken.
Of course there's absolutely no way the reporting on this platform was going to be positive no matter how good or bad it actually was, so all of these headlines are completely worthless. Trump derangement syndrome strong. I can't think of one single entity that I would trust to give an unbiased review of this product... except for myself... and I'm not going to do it because I'm way to lazy to research some garbage that I know is going to be garbage. I don't have the stomach to figure out what the garbage tastes like atm. Sorry, not sorry.
I will say that it sounds like an insurance company or a credit union.
Liberty.
Freedom.
Murica.
The tagline of the website itself on Google says "earn and borrow" crypto. Another platform for borrowing crypto would be nice honestly if the interest rate is very low. Earning crypto, on the other hand, I remain highly skeptical of... considering that only Hive has ever been able to accomplish such a feat without imploding after six months. Obviously I'm not including any of the services that will pay out pennies because who cares.
Lucky for me the website is still down so I can't really check it out further. Looks like most of the liquidity for the token is currently on Solana... no surprises there. I still have to do a post about Memecoin Jesus if you know who that is.
In other news...
It would seem that Italy is going to raise taxes on Bitcoin by quite a pretty penny. But does this actually even matter? As many have already pointed out when countries try to tax the rich this simply incentivizes the rich to leave the country or figure out some kind of tax haven situation. It's very easy at this point to collateralize crypto and extract debt from these positions... and debt is ALWAYS tax free no matter what. This is simply how central banking operates and it would break the entire system to change the rules at this point.
And none of that even factors in all the ILLEGAL ways to evade taxes, which many people will indeed do. I always see randoms talking about how traceable Bitcoin is and how you can't get away with anything because the big bad government is gonna get you. If you look at the actual crime being prosecuted by the literal FBI it's easy to see that only the dumbest of the dumb criminals actually get caught. Most crimes in crypto go completely unpunished no matter how "easy" you think it is to track everything. The theory of traceability is not the reality of fairness justice.
Not that I'm saying people should do-crime because they can get away with it, just that almost everyone does indeed get away with it. Seriously look at every single memecoin rugpull for the last 2 years. You think these people are getting caught? They nab the top 0.1% offenders and act like justice has been served. Anyone who's been stolen from knows better; you NEVER GET YOUR MONEY BACK.
DYOR NFA git gud kid.
MSTR premium x2.7
MicroStrategy market cap is currently valued 2.7x higher than the amount of Bitcoin they control own. This makes people nervous about the price collapsing back to a more reasonable level. However since this is the bull market the degens are in control and the FOMO is rampaging because people have made so much money over this discrepancy.
What is supposed to happen at this point is that MSTR should print more stock or take on more debt to buy BTC to close this gap. Of course this assumes that ONE HUNDRED PERCENT of MSTR's value lies solely in their BTC balance sheet. Honestly I don't know why Saylor isn't scrambling to buy more at this price point before the rocket takes off. Maybe it's because so many people expect him to do it which is why short interest for MSTR sits at a staggering 15%.
I know if I was Saylor I wouldn't want to give these greedy bears the satisfaction of diluting my own stock and giving them the win. The squeeze continues. It will be interesting to see where it all ends up, but at this point I consider MSTR the ultimate degenerate shitcoin. It's the only shitcoin in the world that Bitcoin-only apes are willing to not only accumulate but proclaim to the world what they've done and constantly post their big-bag victories. There's no shame in supporting MSTR... yet. Of course when it all blows up during the bear market people are going to be furious, but that won't happen for another year at least. I guarantee when it does MSTR will be valued less than the amount of BTC they control just like Greyscale, and everyone will be hopelessly confused about it. It's a soft peg people: get over it.
Conclusion
SHITCOINS!
SHITCOINS EVERYWHERE!
People like Trump and Saylor will never truly understand decentralization. Their entire professional careers depend on them not understanding it. Unfortunately crypto doesn't have any real heroes right now to rally around so the charlatans get their pick of the litter. Tread carefully.
When there's still much shit going on I either think I'm in a bull market or we are heading out of one very soon. The world liberty coin was such a damn joke but luckly a lot of the crypto bros read into it and already knocked it down to a outright scam on a governance token that gave you no power since they owned 70% of them lol
I see you are at stage 2 of your Bitcoin Maximalism journey and stepping up to battling 1000.
During the bull market Bitcoin usually underperforms alts, in the bear we should own stable coins. Should we ever own Bitcoin?
OMG another Raoul Pal fan just like me!?!
I love this direct quote almost as much as these gems!
~~~ embed:1777348267011195323 twitter metadata:ZG90a3J1ZWdlcnx8aHR0cHM6Ly90d2l0dGVyLmNvbS9kb3RrcnVlZ2VyL3N0YXR1cy8xNzc3MzQ4MjY3MDExMTk1MzIzfA== ~~~
GET READY FOR THA BANANA ZONE BRUV!
😂 He is a gem that just keeps on giving. Love those videos.
Where do you get these fire crypto memes?
There are many on X and other meme addicts like myself.
Mr. Trump is doing both on-chain and off- chain debate to secure a seat. Those market crashes do not bother him so long November favors him.
about MSTR, what makes you for see this price crash?
MSTR isn't going to crash until the bear market.
Best guess is 2026.
You won't have to ask why after it's pulled an x50.
You are making a point, it will have to make that necessary correction
Perhaps that's the issue here, we don't know too much about what World Liberty is and what it might or might not do. But the fact we now have a US presidential contender embracing crypto I think is a very good thing and all of us in crypto land should welcome that significant development. It is a profound departure from any previous US president.
It comes as no surprise that all these left wing news media companies are denouncing Trump's crypto efforts. Don't be fooled by them.
The problem is that he's not actually embracing crypto.
This is lip service to single issue voters.
He's a liar, just like all politicians.
Exactly my thoughts about Trump's new crypto project. 1. I can't trust anyone to report on it honestly because they either love or hate Trump. 2. I'm not going to touch it because I've been scammed too many times already and I'm tired.
The funny thing is that Trump clearly has nothing to do with these products.
Who is building this crap?
It's very obvious he's just putting his name on it and someone else is doing all the work.
The rumor is that Barron is the one pushing the crypto projects.
I was surprised to see him promoting that stuff in an election year. It's like a free invitation for mockery. We probably may need politicians to come on board but certainly not by promoting their own products
And you KNOW if he loses they are going to send the SEC after him and try to jail him on some crypto thing. Why take that risk with all the other risks he's taking right now?
Shitcoins only serve to destabilize the market value and bring more skepticism to the world of cryptocurrencies.
Just saying.
Viruses are an imperative building block of evolution
If you decide mosquitoes should not exist because you don't like getting bit you might end up throwing the entire ecosystem out of balance and ushering in pure carnage to the environment. Be careful what you wish for.
Trump want's to control Bitcoin?!
decentralization?
https://peakd.com/deutsch/@marcus0alameda/maga-btc-2-de
I keep feeling like I should get into Solana, but I just haven't made the move yet. I'm guessing I will wait until it is too late... That's okay, we can't be invested in everything I guess. I feel like the government is too busy chasing after legitimate companies right now to be worried about tax evaders!
I'm thinking about buying like 1 token just so I have infinite fees paid for.
Still I've yet to see anything built on it that I actually want to use.
That's a bad sign.
It still seems to be the greedy VC chain.
Add it to the list of garbage I will be shorting in 2026.
Oh, I guess I thought that you already owned some of it. I guess that makes sense. There were some games that looked interesting, but by the time I heard about them the token price had jumped again and the perceived barrier to entry was too high.
No I have always avoided this dumpster-fire because it's clearly a centralized VC chain.
Even though the fees are low it still has fees.
If it gains actual adoption the fees will be high and it will crash constantly.
Good to know!
I am endorsing Donald J Trump as the 47th President of the United States 🗽
!PIZZA
$PIZZA slices delivered:
@danzocal(6/10) tipped @edicted
Start thinking U.S. Electronic Coinage, 100% backed by "Collector" and "Circulating" U.S. Gold Coins...
I have a small bag of MSTR that I am currently down ~10% on. I must be an investing genius, because as far as I can tell that should be impossible to accomplish over the course of the last few months.
I assume that some time over the next few months it will look better, I will cash out and put it all back into HIVE/LEO (at highs I am sure).
Degen life is hard, yet exciting. 😀