Congrats to the would-be winners from this crypto space, SBD reprints!, Maybe I can buy fruits again

Talking about "Life-changing wealth", the unprecedented big Bitcoin demand is now causing the entire crypto space to rally as well with no certainty that it would ever stop causing even many ordinary people to feel the financial freedom it will create.

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I had learned that ETF will make the price of Bitcoin to soar to at least $120,000 this "Cycle" which as some people say as a "Super Cycle" which basically means that it makes a very big jump not looking like the previous ones. The reason was the ETF-lead demand for Bitcoin which we are experiencing right now where it is sure to beat its all-time high of about $69,000 even before its halving event. It is a testament that indeed, "we" are going going parabolic for the price of Bitcoin with not much of a perspective that a top will ever be formed for the foreseeable future in my opinion as some crypto-personalities say "Just will go on and on" considering that Bitcoin has a limited supply as the main factor that it attracts this demand from institutional investors with their now made-easy way of buying via Bitcoin ETFs.

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The current demand for minted BTC is looking awesome considering that BTC is not even halving for the next 50+ days at the time of this writing.

The demand for Bitcoin is about more than ten times than Bitcoin created per day, so this scarcity of Bitcoin will make the law of supply and demand kick-in and it is already kicking in particularly after the halving where double the scarcity is created and thus would further adjust the price of Bitcoin into a much degree that it is now up to our imagination how high that Bitcoin price will soar in the remainder of this year alone. I can safely assume that the value of BTC for this year will also crush the expectations of many people in the positive side because BTC will become more popular from the poor to the rich and I hope that many more people realize that in order to protect their wealth, they have to invest it in Bitcoin for the reason that the dollar is losing its purchasing power due to the misuse of the US government and its treasury department in tandem with the Federal reserve bank which the latter is a private institution and nothing have to do with the government too. but regardless, holding your dollars will just make you poor because of inflation created by the said US govt, the FED, and treasury department team.

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There is no pint in holding your wealth in the form of FIAT currency because of uncontrolled inflation which is would get worse as time passes by and it is time to store it as an asset with appreciating value over time.

What is even more better was the effect of this "more valuable Bitcoin", personally if I would have more Bitcoin to cash-out I would spend the profits in Altcoins that gives me a sort of "passive income" so that with just a minimal effort I can earn continuously compared to actively "day-trading" which the latter is so much stressful to do and could get me in trouble in many ways more than one because of human errors, market forces, and anything which could happen for my loss in my own personal view. What I like is to earn more cryptos everyday because of the nature of my work/hobby where being involved in DPOS social media blockchain which is working well and good for me. I am excited about getting more value or profits from it particularly now that the bull run of Bitcoin as I foresee it will continue in an extended period of time because of the reasons and factors aforementioned. As for the rest of other altcoins which are just basically following Bitcoins pattern also would prosper and it is up to the crypto-enthusiasts where to put their attention or work into provided of course that they had done their own research many months or years already.

SBD is printing

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It is a special event when SBD prints because of Steem blockchain's internal mechanism following a higher price of STEEM token and the compounding effect of profit begins because of de-pegged value of SBD of more than 4 dollars per token.

What is good or should I say "awesome" for STEEM users is that the SBD phenomenon happens whenever STEEM token value reaches around 27 cents and more, the SBD which is the Steem blockchain's native token SBD which should be pegged at one dollar has stayed at a value of more than four dollars and more. So if you as a content creator to one of the Steem blockchain's front-end like Steemit.com then you will get the chance of earning it if you had set your post rewards to half Steem as Steem power or "SP" and half as liquid Steem where you can get either full liquid STEEM token if SBD is not printing or from a small to full percentage of SBD depending on the rate of SBD printing based on some calculations which I cannot explain here. But basically if you get more SBD you can get more value from it because SBD tokens with its bigger price ranging from anywhere in the $4.5 to wherever its price goes to like 6.5 dollars to even more than ten dollars or so would boost your profits for sure.

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Nothing could get any better than exchanging a positively de-pegged "dollars" to a normal FIAT dollars, it con only uniquely happen in Steem reward ecosystem.

Now that we are seeing the effects of a more Bitcoin value that Altcoins follows, I am more than sure that STEEM users in particular will see a full printing of SBD in an extended period of time. The reason for me saying that is because again, Bitcoin's seemingly continuous valuation to the upside will just eat the Bitcoin bears in the process and thus causing the altcoins to also continue with their own price pumps if not to slowly but surely to being more pricier and staying in that place for longer too. It also could change my plan of "cashing-out" my altcoins which could cause me to maybe collect more until the price gets quite more attractive for my own needs and interests. So these variables that I am expecting might happen because again, things had changed now because of the demand of large entities or institutions and also retail investors demanding more Bitcoin while the supply is finite considering this this upcoming April next month the Bitcoin mined will effectively be cut in half and it really feels exciting for cryptocurrency holders in general from that moment onward.

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The continuous demand for Bitcoin is causing an extended price rally which means more SBD to earn for Steem users which in my opinion will happen from now as things had positively changed economically across the cryptocurrency space.

Anyway I feel very excited as well for the re-printing of STEEM-backed Dollars (SBD) because it multiplies the rewards of every Steem social media blockchain users. The more STEEM power you own, the more reward that you will get which is why building your account over it will get faster compared to "normal" years where the price gets stagnant in lower prices and you are just either forced to live with it or just accumulate until the situation like what is happening currently across the entire cryptocurrency market goes crazy again with not much certainty if the prices will ever stop in rising because of the continuous big demand for BTC. I am very optimistic that the sustained need for big institutions for BTC will cause an unprecedented longer price rally and it will definitely change the lives of Steem blockchain social media users more than ever.

Maybe I can buy fruits again

I couldn't help but feel sad because of the rising cost of living and causes me to forgo about having the extra basic foods that me and my parents needs to eat for a better health, vitality, and longevity.

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I blame inflation for my problem about buying fruits and other food ingredients for dishes that I wanted to eat as the prices are sky-rocketing due to the past circumstances like trade wars between the US and China, the pandemic-lead supply chain disruption, the recent and still ongoing war by Putin, this war in the middle-east, and the sanctions against Putin which affected the economy in Europe which affected the economy world-wide. Now we are collectively suffering from the high prices of oil and subsequently the prices of commodities. The compounding effect of the printing of the dollar also has its direct repercussions as the US government is causing the payment of its debts by creating more debt as it teams-up with the treasury department to borrow money from the Federal reserve bank. I thank God for my means of patching up my needs because of my way of earning but my "play money" had been used-up so fast already following my recent AV Fistula surgery to fix it even though I paid zero money from it, the lowering of my Hemoglobin caused me in the form of buying EPO injections for more than a month.

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I have no debt but because of my financial obligations and medical needs, it feels like I am paying for a lifetime of unceasing debt.

My recent hospitalization, the copay that have to pay for ever dialysis treatment that I get with more frequency now more than ever because of my need for it and the fact that I am spending more than PHP 72K every year for copay in the hospital plus paying for my health insurance and the important supplements that I needed to have on a daily basis had been a big burden for my finances. That is why I am not really spending so much for myself but only those that I needed. Meanwhile my other needs is left to be unfulfilled because of the ridiculous prices of commodities where it is easy to get bankrupt if you will not suppress even your basic needs. But maybe my financial situation will change in my favor this year if God wills it because of the current trend in the cryptocurrency prices which is lead by the demand for Bitcoin and it causes a re great smile on my face now. My existence in this world is just very limited because of my health issue but I just wanted to live comfortably in the sunset years of my life and this welcoming development about crypto economy is like a long-awaited rain for my relatively dried-up resources considering that I am still earning but not enough to make me feel secured as I also worry for my parent's welfare as well. I do think that my siblings are relying on me for fixing this house which I am planning to do if financial conditions are right and it is a painfully long wait for doing it considering that it will take a serious amount of money to be able to accomplish that by a person solely relying on his crypto earnings considering that he has many financial obligations to straighten-up for himself alone like, me.

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I am now seeing that a sizeable relief is on its way now and it is already giving me the relief that I needed to hopefully free me from ever worrying about patching-up my own needs together with my aging parents who are now complaining more about how life is hard already for them.

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_{Posted from https://blurtlatam.intinte.org}