Ray Dalio released new text

Not him but personally life hasn't been very kind.

Fate not dealing you a perfect set of cards just means you won't become the next Zuckerberg, Trump, or Gates. Big fucking deal.

Doesn't mean you can't unfuck your broke ass.

Crypto is all you need.

lmao scares shitless

This is what Bitcoin was made for in 2009.
And that Bitcoin is still going, it's just called Bitcoin Cash
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"It's not going to happen that fast, surely," (2) said.

"Maybe, maybe not," I said. "With the state of the global financial system at the moment it's very clear governments, financial institutions, banks and central bankers really have little idea of what they're doing. They're all experts who are repeating each other like parrots. I'm sure they can all wave a book in the air and say ‘this other expert says I'm right'."

"That's great for us, right ?" (2) said. "With the financial systems broken and in disarray this is the perfect time for a workable electronic cash."

"For this crisis ? No," I said. "It'll take us time to work out the implementation details and create working code. Then it'll take even longer to build up a decent network and start getting value into the system. It's not this financial crisis that Bitcoin is being built for. It is to be built to handle to next Global Financial Crisis."

"And when will that be ?" (2) asked.

"If you look it up," I said, "There have been recessions every 10 years or so for the past few decades. As this one started in 2007/2008 we should expect another around 2017/2018. But it could start before 2014 or after 2020. We really don't know. We just know it will happen. This is when Bitcoin must be fully tested and be able to expand to meet the demand when everything gets screwed up by these experts again. However this time, they will be taking the retirement savings of the Baby Boomers and lumbering the cost of their retirement onto everyone else. The Baby Boomers include these self same experts. This time we need to be able to say no to these experts and allow folks around the globe to exit their local financial system."

"So back to making Bitcoin a scarce resource deflationary system," (2) said.

do you even math brainlet? yes it can totally be luck. If all fund managers were picking heads or tails, a small percentage of them would be correct more than 10x in a row. We would call this skill when it's only luck

I'm trying, but it's hard and I'm apparently not very good at it.

> t. a faggot who still believes what school you went to matters in the real world....

You're never gonna make it bro, just quit now before you get laughed at and eggs thrown at you.

>I have observed there to be relatively long of periods (about 10 years)
>There are always big unsustainable forces that drive the paradigm. They go on long enough for people to believe that they will never end even though they obviously must end
>In paradigm shifts, most people get caught overextended doing something overly popular and get really hurt
this perfectly matches bitcoin being the first, even the time period.
(interestingly, ray dalio compared bitcoin to blackberry elsewhere and said that ethereum has a chance at becoming the biggest).

the point is, he failed already several times and made it back big from zero. i refuse to call this luck, it's called learning and he does exceptionally well from then on.

trump just had an rich dad, he gambled away everything and then blackmailed people with the huge amount of debt, he was lucky that reality tv was a thing back then.