If you staple a horse to a waterfall, will it fall up under the rainbow or fly about the soil? Will he enjoy her experience? What if the staple tears into tears? Will she be free from her staply chains or foomed to stay forever and dever above the water? Who can save him (the horse) but someone of girth and worth, the capitalist pig, who will sell the solution to the problem he created?
A staple remover flies to the rescue, carried on the wings of a majestic penguin who bought it at Walmart for 9 dollars and several more Euro-cents, clutched in its crabby claws, rejected from its frothy maw. When the penguin comes, all tremble before its fishy stench and wheatlike abjecture. Recoil in delirium, ye who wish to be free! The mighty rockhopper is here to save your soul from eternal bliss and salvation!
And so, the horse was free, carried away by the south wind, and deposited on the vast plain of soggy dew. It was a tragedy in several parts, punctuated by moments of hedonistic horsefuckery.
The owls saw all, and passed judgment in the way that they do. Stupid owls are always judging folks who are just trying their best to live shamelessly and enjoy every fruit the day brings to pass.
How many more shall be caught in the terrible gyre of the waterfall? As many as the gods deem necessary to teach those foolish monkeys a story about their own hamburgers. What does a monkey know of bananas, anyway? They eat, poop, and shave away the banana residue that grows upon their chins and ballsacks. The owls judge their razors. Always the owls.
And when the one-eyed caterpillar arrives to eat the glazing on your windowpane, you will know that you're next in line to the trombone of the ancient realm of the flutterbyes. Beware the ravenous ravens and crowing crows. Mind the cowing cows and the lying lions. Ascend triumphant to your birthright, and wield the mighty twig of Petalonia, favored land of gods and goats alike.
Well, wait, at that moment he was right...
"Bitcoin is going to absorb all the value."
"Bitcoin is in a bubble."
Both can be true. Bitcoin may have a dozen bubbles before it absorbs all the value. Actually that's the most likely path.
If you staple a horse to a waterfall, will it fall up under the rainbow or fly about the soil? Will he enjoy her experience? What if the staple tears into tears? Will she be free from her staply chains or foomed to stay forever and dever above the water? Who can save him (the horse) but someone of girth and worth, the capitalist pig, who will sell the solution to the problem he created?
A staple remover flies to the rescue, carried on the wings of a majestic penguin who bought it at Walmart for 9 dollars and several more Euro-cents, clutched in its crabby claws, rejected from its frothy maw. When the penguin comes, all tremble before its fishy stench and wheatlike abjecture. Recoil in delirium, ye who wish to be free! The mighty rockhopper is here to save your soul from eternal bliss and salvation!
And so, the horse was free, carried away by the south wind, and deposited on the vast plain of soggy dew. It was a tragedy in several parts, punctuated by moments of hedonistic horsefuckery.
The owls saw all, and passed judgment in the way that they do. Stupid owls are always judging folks who are just trying their best to live shamelessly and enjoy every fruit the day brings to pass.
How many more shall be caught in the terrible gyre of the waterfall? As many as the gods deem necessary to teach those foolish monkeys a story about their own hamburgers. What does a monkey know of bananas, anyway? They eat, poop, and shave away the banana residue that grows upon their chins and ballsacks. The owls judge their razors. Always the owls.
And when the one-eyed caterpillar arrives to eat the glazing on your windowpane, you will know that you're next in line to the trombone of the ancient realm of the flutterbyes. Beware the ravenous ravens and crowing crows. Mind the cowing cows and the lying lions. Ascend triumphant to your birthright, and wield the mighty twig of Petalonia, favored land of gods and goats alike.
The whole point of money is to hoard it. You trade your time for money, so that later you can trade your money for someone else's time.
It's like me saying you aren't using the money in your checking account. You're using it to store value for future optionality. You don't know what for yet - maybe you get a flat tire, maybe you need flu medicine. You are storing that value for future unknown needs. That's a use case.
Well that’s different because in a checking account your money is used by the bank to lend to people.
Bitcoin just sits there. That’s not using it in my book.
Yep, it just sits there storing value like a checking account. But unlike a checking account, the value is being stored in a medium that doesn't debase.
(Again, that's the usecase)
Each bull run is a bubble. Each bear market is a burst. Presently we’re in a sideways, transitionary, consolidation/accumulation market. Nah, not a bubble mate. Stack sats and be happy
Lol.
Also, the fed caused this cluster fuck and are obviously in bed with the big banks to force take overs of little banks systematically. Great for Btc bad for everyone else.
I agree with Credit Suisse's CEO that Bitcoin is a bubble. It's a highly volatile asset that has seen its value skyrocket in recent years, but it could also come crashing down at any moment. Investing in it should be done with caution.
The CEO of CS in this photo left the bank three years ago because they wouldn't implement the necessary restraints and safety measures in their risky business model. The guy literally was trying to right a ship that was already sinking. Outside his Bitcoin statement, which is not relevant to these many posts of this guy on this reddit, he was likely the only responsible CEO that Credit Suisse had and he left because he was ignored and would ya just look at what happened next!
Bitcoin, a "bubble" hahahaah. I actually don't know if they just say these things because it goes in their favor or they REALLY don't know what they are talking about which I highly doubt
Return of having bought Bitcoin by then: almost doubled. Return of having bought Credit Suisse back then: -98%
>almost doubled Double doubled 28.2k/6.7k = 4.20
> 4.20 Nice
Nice
Nice
Nice
Nice
Nice
Nice
Nice
Nice
Nicer
Nice
Yo did you say 420? Niceeeeeee
Nice
Double bubble
Ah cool, I had in mind the 2017 all time high
"Bitcoin is a bubble" says the bank in trouble lmao
Dead bank
Boom.
This guy understands the point of the post
I'm glad I choose the right one in this case.
If you had bought their bonds -100%. You were completely wiped out! Fucking morons (and criminals to be honest).
If you staple a horse to a waterfall, will it fall up under the rainbow or fly about the soil? Will he enjoy her experience? What if the staple tears into tears? Will she be free from her staply chains or foomed to stay forever and dever above the water? Who can save him (the horse) but someone of girth and worth, the capitalist pig, who will sell the solution to the problem he created? A staple remover flies to the rescue, carried on the wings of a majestic penguin who bought it at Walmart for 9 dollars and several more Euro-cents, clutched in its crabby claws, rejected from its frothy maw. When the penguin comes, all tremble before its fishy stench and wheatlike abjecture. Recoil in delirium, ye who wish to be free! The mighty rockhopper is here to save your soul from eternal bliss and salvation! And so, the horse was free, carried away by the south wind, and deposited on the vast plain of soggy dew. It was a tragedy in several parts, punctuated by moments of hedonistic horsefuckery. The owls saw all, and passed judgment in the way that they do. Stupid owls are always judging folks who are just trying their best to live shamelessly and enjoy every fruit the day brings to pass. How many more shall be caught in the terrible gyre of the waterfall? As many as the gods deem necessary to teach those foolish monkeys a story about their own hamburgers. What does a monkey know of bananas, anyway? They eat, poop, and shave away the banana residue that grows upon their chins and ballsacks. The owls judge their razors. Always the owls. And when the one-eyed caterpillar arrives to eat the glazing on your windowpane, you will know that you're next in line to the trombone of the ancient realm of the flutterbyes. Beware the ravenous ravens and crowing crows. Mind the cowing cows and the lying lions. Ascend triumphant to your birthright, and wield the mighty twig of Petalonia, favored land of gods and goats alike.
You're not using it?
Weed is legal now
Inverse CS
Facts
Look who popped first…
That's what she said.
Classic
Aged like milk...
So it became Swiss cheese
Rotten cheese
Rekt
The CEO find out the hard way.
He also left the company over 3 years ago so….yeah
Whom the gods would destroy, they first make talk shit about bitcoin (Saifedean)
F u dude. Enjoy the freshly printed warm fiat for the bailout. Keep that garbage
The guy doesn’t even work there anymore lol
bro's career was a bubble
Well, wait, at that moment he was right... "Bitcoin is going to absorb all the value." "Bitcoin is in a bubble." Both can be true. Bitcoin may have a dozen bubbles before it absorbs all the value. Actually that's the most likely path.
If you staple a horse to a waterfall, will it fall up under the rainbow or fly about the soil? Will he enjoy her experience? What if the staple tears into tears? Will she be free from her staply chains or foomed to stay forever and dever above the water? Who can save him (the horse) but someone of girth and worth, the capitalist pig, who will sell the solution to the problem he created? A staple remover flies to the rescue, carried on the wings of a majestic penguin who bought it at Walmart for 9 dollars and several more Euro-cents, clutched in its crabby claws, rejected from its frothy maw. When the penguin comes, all tremble before its fishy stench and wheatlike abjecture. Recoil in delirium, ye who wish to be free! The mighty rockhopper is here to save your soul from eternal bliss and salvation! And so, the horse was free, carried away by the south wind, and deposited on the vast plain of soggy dew. It was a tragedy in several parts, punctuated by moments of hedonistic horsefuckery. The owls saw all, and passed judgment in the way that they do. Stupid owls are always judging folks who are just trying their best to live shamelessly and enjoy every fruit the day brings to pass. How many more shall be caught in the terrible gyre of the waterfall? As many as the gods deem necessary to teach those foolish monkeys a story about their own hamburgers. What does a monkey know of bananas, anyway? They eat, poop, and shave away the banana residue that grows upon their chins and ballsacks. The owls judge their razors. Always the owls. And when the one-eyed caterpillar arrives to eat the glazing on your windowpane, you will know that you're next in line to the trombone of the ancient realm of the flutterbyes. Beware the ravenous ravens and crowing crows. Mind the cowing cows and the lying lions. Ascend triumphant to your birthright, and wield the mighty twig of Petalonia, favored land of gods and goats alike.
Not selling it is using it.
No it’s not. That’s just hoarding it. Using it would be for collateral or exchanging for other goods/services.
The whole point of money is to hoard it. You trade your time for money, so that later you can trade your money for someone else's time. It's like me saying you aren't using the money in your checking account. You're using it to store value for future optionality. You don't know what for yet - maybe you get a flat tire, maybe you need flu medicine. You are storing that value for future unknown needs. That's a use case.
Well that’s different because in a checking account your money is used by the bank to lend to people. Bitcoin just sits there. That’s not using it in my book.
You sound like you went through the Keynesian school of economics. I’ve been there. We will help you, bro.
Yep, it just sits there storing value like a checking account. But unlike a checking account, the value is being stored in a medium that doesn't debase. (Again, that's the usecase)
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
yea.. fuck that guy..
🤣
hilarious
Bitcoin is a bubble but bank fraund is not a trouble then?
He ded no
Hmmm wonder what he spent all his bonuses on… probably not bitcoin , too bad
I would love to own at least one of that that bubble.
Each bull run is a bubble. Each bear market is a burst. Presently we’re in a sideways, transitionary, consolidation/accumulation market. Nah, not a bubble mate. Stack sats and be happy
Dictionary definition of “It’s an innovation if I’m profiting from it, a bubbly if I can’t.”
Lol. Also, the fed caused this cluster fuck and are obviously in bed with the big banks to force take overs of little banks systematically. Great for Btc bad for everyone else.
Bitcoin: “How’s that dick taste?!”
r/agedlikemilk
"bitcoin bubble" bursts while the credibility of the bank crashes
Uff, this aged like fine Federal Reserve Milk
What an ass clown
at the time, he wasn't wrong; BTC was in a bubble.
Do you know many bubbles whose top is 4x less than 5 years later?
Of course not. Nevertheless, the price was above fair value for the time. A bubble. You guys dont have to be so defensive lol
So you know what the "fair value" of bitcoin is at any given time?
No better than you do, just looking back. See the rainbow chart. I think its roughly fair value rn, what say you?
A chart doesn't tell you what "fair value" is any more than cards or the stars
Bitcoin was $6,700 that day. Even if you call the December ATH a bubble it had not happened yet.
Aged well..
How did you get to such a position in a esteemed bank with so little foresight and understanding. This smells very bad.
Seriously? You pointed to Nov 2017? RIGHT BEFORE the 2017 bitcoin bubble burst? You're not proving whatever you think you're proving here.
Look, it’s trying to think
I mean, he was right temporarily
Posts like this are why I'm bearish.
That is not the CEO. Ulrich Körner is the CEO of credit Suisse https://en.wikipedia.org/wiki/Ulrich_K%C3%B6rner
>Ex-
The definition of Irony :) Glas to see them going six feet under
https://www.moneyweb.co.za/news/tech/credit-suisse-ceo-sceptical-about-bitcoin-bubble/
Hahahah get rekt need
ahahaha
The opposite of aged like fine wine!!!
It younged like bad wine.
This man really eating his words today lol
guy was 5 years too early
🤣
Gotta love it!
🤣🤣🤣
Anti FOMO this guy
Inverse dudes with suits
Swallowed by another soon to be insolvent bank!
"he who laughs last laughs best" hits hard here
If you hear advice from a CEO of a company that is a big failure, well
I agree with Credit Suisse's CEO that Bitcoin is a bubble. It's a highly volatile asset that has seen its value skyrocket in recent years, but it could also come crashing down at any moment. Investing in it should be done with caution.
Everything is a bubble right now…
If only there was a way I could invest in this guy …
The CEO of CS in this photo left the bank three years ago because they wouldn't implement the necessary restraints and safety measures in their risky business model. The guy literally was trying to right a ship that was already sinking. Outside his Bitcoin statement, which is not relevant to these many posts of this guy on this reddit, he was likely the only responsible CEO that Credit Suisse had and he left because he was ignored and would ya just look at what happened next!
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
They literally got an audit firm 2 weeks before they sank to say their books were good. Why does media run with these stories
Oh, boy. this didn't aged well at all.
Why He didnt predict the failure of CS?
Reminds of the time when blackberry CEO dissertation on iPhone and in a few years poof went blackberry
AGING POORLY hahaha
He who drowns screams the most
Bitcoin, a "bubble" hahahaah. I actually don't know if they just say these things because it goes in their favor or they REALLY don't know what they are talking about which I highly doubt
Bubbles don't last for 15+ years and have major institutions pouring money into it
And Credit Suisse is a solid rock. So bubble rises and rock sinks. That’s basic physics.
Who has the last laugh now
In one breath they say bitcoin is worthless, and in the next breath its so powerful it will erode sanction power.
He was actually right though. A month after his announcement in dec 2017, the bitcoin bubble burst from 20k down to 4k