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Dollar is strengthening against other dead fiats, but can it really consolidate against BTC?

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@ecoinstant
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Rates are going up, the dollar is strengthening....but not by much. So far its barely noticeable against the pair I watch, USD against the COP - Colombian Peso. Here is the 1 yr chart from Bloomberg:

Personally I think we are in a time of currency crisis, even if not all the effects are recognized yet. The dollar can rise and fall relatively along with all the other fiat currencies. Supply and Demand will meet in the middle at the end of the day. And it seems like BTC, though off the recent All Time High of almost 42,000 ($41,940.09 according to CoinGecko), has recently reevaluated quite substantially.

The current resistance seems to be 30k, which even as a low resistance is up 65% over its over the counter price 1 month ago. While we may see some sideways and bearish action for a bit, I still find it likely that BTC stays highly valuated, and seeks new higher valuations, as the dollar printer continues to print, and the bankers and elites are convincing each other to buy in.

https://www.youtube.com/watch?v=O1hCLBTD5RM

New technology, to build a new world with. I think there are some social issues to work through, but we must implement solutions on a local level, we must position ourselves to grow the seeds of a more open and productive future. There is a lot of work to do, and a lot of it is outside, interacting with plants.

Maybe we will need to figure out how to better balance nature and computer.

The idea that we will live in small boxes while robots farm the planet is a hilarious joke. Industrialized farming is on its last legs. New models are coming into view, luckily. But the base of every economy is land, agriculture and natural resources including soil, water, air and biodiversity.

There is work to do. Designing more efficient systems and Inventing new technologies, systems, combinations and designs.

Source: Wikipedia

I will be keeping my eyes on this dollar squeeze, specifically as yields rise I am eager to see how BTC behaves against the USD. Geopolitics? This is an area where some countries may have to 'pick sides'. This may play out in weird ways with 2nd and 3rd order effects.

But in the end, if productivity is falling, and there are less jobs, less freedom, more inflation - I think it makes sense that Bitcoin and probably precious metals will perform well. Land is the 'medium of exchange' for the natural resources and biodiversity, which I think will also see a valuation over the next 100 years as more people realize that nature is full of some pretty neat things. Rural land prices should valuate against urban land, but at what time frame I couldn't say, and only can guess what will happen to the suburbs. Will USA people turn their quarter acres into production lots, like they frequently do here in Colombia? Will land return to its place as the ultimate means of production?

Farming and Crypto are my entire portfolio, I think they balance each other well.

Good luck to the day traders and to all those out there who want to 'buy the dip'. If you are a saver, I would think you would want to trade that cash for something, whether its land, crypto or metals, because prices are going up.

Freedom and Friendship!

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