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Message: <blockquote data-quote="wjschmaltz" data-source="post: 161362" data-attributes="member: 6150">1. Government can't take your crypto. Hold your keys and its literally untouchable.  In control of the people.  That's why they want it gone.  Keep your crypto on exchanges and it can disappear, but that's on the person that thought they owned the crypto (they didn't).  If you don't own your keys, you don't own your crypto.  2. From the time the "it's gonna tank" post was made, it went from 38k to 45k.  ETH went from $2800 to $3200.  We just had an extremely bullish weekly close after the textbook retrace back to $30K.  The government is the only way this thing slows down.  3. Stop acting like Trump is any fucking better.  He is right there with Elizabeth Warren, Joe Biden, Yellen, and the rest of the old shitheads begging for regulations because they're all afraid of YOU having any money.  Turns out even trump has figured out its hard to get the vote when you can't buy the vote.  He made that clear with handout after handout and giant budget bills all while claiming to be conservative.  But he gets away with it from "conservatives" for some reason I still can't nail down. They are all politicians.  Stop acting like they aren't.  The only ones worth a damn right now are the ones fighting this amendment - the more libertarian minded bipartisan folks like Ted Cruz (never thought I'd say that). The ones that want you to spend your money the way you want. I STRONGLY agree that the whole damn swamp needs to be drained.  The geriatric morons in there have already destroyed the US currency, it's time for a younger group of imbesils to take a kick at the cat before these octogenarian dipshits destroy our one shot at a world currency.  What ever happened to that whole term limit conversation?If the law is passed the way it was originally presented, crypto will fall and there will be months of litigation that the govt will eventually lose.  It appears very unlikely that the original text will pass because it's indefensible.  If it passes as the amendment, it will exclude miners as well as protocol and software developers.  It will just require retail folks to report (through the broker) for now.  That sucks for me, but honestly, this doesn't move the needle and will likely help. Once there is clear law and big money officially knows how to go about buying/selling crypto and how to work around the tax code, they will come in hot buying this stuff up.  That's really their biggest holdout.  With that said, this whole thing has absolutely no business being in an infrastructure bill.  This conversation and potential law deserves weeks of debate and these politicians in charge need to get about 2 weeks of training on what crypto actually is and what it's capable of before that can even happen.The US has an opportunity to be at the forefront of one of the most disruptive technologies since the invention of the internet.  All those miners from China are moving over to the US. It's a chance for our country to take back a significant amount of wealth if we do this right.  But instead, the country that landed on the moon and has been the leader in technology since 1776 will piss this opportunity down it's leg because a bunch of old politicians that can hardly check an e-mail are scared of losing power.  O wait, I mean they're doing it "for our protection" because we're all too stupid to decide how to use our own money and we need the govt. to tell us so they can get their cut to redistribute it to their voters.  I don't give a shit what color tie they wear, they're all the same.  I'm bullish on crypto until at least Christmas (unless laws change I will reassess).  From the low at the halvening to the $65K high, it retraced back to the 61.8% and shot straight up.  The exact same way it has after every halvening.  That completes the first bull wave.  We still have two more bull waves to go over the next 120 days or so.  If it follows the exact same path that it has after every halvening, and it keeps on following the golden ration the way it has, we go to $330K sometime around Christmas.  That's a big if and not so sure I can get myself to believe it, but that's the numbers. Time will tell.  It's followed exactly like the last few times up to this point, so we will see.  Luckily I was in early enough and my break even money is already out of the market so I'll ride it out and either break even or change my family tree forever.  Let's ride! <a href="https://www.tradingview.com/x/08tQBwYU/" target="_blank">https://www.tradingview.com/x/08tQBwYU/</a> Fun fact: since it's inception, BTC's growth has never once broken the golden ratio - aka the Fibonacci Sequence.  The golden ratio is often referred to the fingerprint of God.  Just a fun rabbit hole to jump down if you want to take a red pill.  The exponential growth of things like Dall Sheep horns are an example.  The sequence (finger print of God) is found everywhere in nature and in human life.  Some event will eventually need to break that golden ratio because it's a bit unsustainable for BTC to be 100 million in 12 years.  Will this new law be it, we will see.  I'm not going anywhere until that ratio is broke.</blockquote>

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