Think we need to get rid of this binary concept of traditional Bitcoin Bull/Bear markets.
Too many people trying to project the past onto the future, instead of imagining what the future looks like.
- CZ starves FTX of revenue with 0% trading fees on Binance attracting volume from FTX
- CZ shoots headshot by publicly announcing FTT concerns causing a bank run on FTX and decline in FTT price
- FTX unable to cover holes in balance sheet
- CZ acquires FTX
Thanks for playing.
IMF worried other countries will follow El Salvador.
Quite bullish that they take Bitcoin that seriously and are worried about the domino effect of nation-state adoption.
Imagine watching something you called rat poison become more valuable than your business and then doubling down and not considering you might have missed something.
Just hit 500K followers, I don't even know what to say. What an incredible year this has been. Beyond grateful for everyone who's been supporting me from 2K in January to now.
To celebrate, giving away $5,000 in BTC, stay tuned! ;)
Just bought my first car. Feeling incredibly blessed and grateful for
#Bitcoin
and this community. 🥂 A year ago today I was working at Target shopping online orders.
This bear market no one is questioning whether Bitcoin will exist anymore or if it’s a scam, but rather the lowest price point it will go so that they can accumulate as much of it as possible
Long-term holders buy BTC into weakness and sell into strength.
We've just gotten our first red prints on LTH net position change in over 6 months, showing bull market distribution has begun.
I interviewed Saylor for 2 hours last month & had 27 questions written down but only got to 3 of them.
His mental intensity is unlike anyone I've ever interviewed or spoken to in my life. He will either be known as one of the biggest visionaries or lunatics in financial history.
Yo
@CNBC
after Jim Cramer told your audience to sell the giga bottom over summer and Bitcoin is entering price discovery, maybe it's time to consider bringing on some better Bitcoin analysts.
I know a few people ;)
Seeing a lot of stories about suicides around LUNA/UST. This is terrible man. Please don’t do this. There will be more opportunities in this market, just survive. Have nothing to offer but an open DM for those severely affected.
Just finished recording with Willy and PlanB.
2 hours long, absolute masterclass. Can’t wait for you guys to hear this one.
Will be released on Saturday.
@100trillionUSD
The comments saying “the amount of people that lost money because of this” etc are absurd.
If your prediction was correct they’d take responsibility. Because it wasn’t, they blame you.
News flash people: you’re responsible for your own decisions!
BTC is now just $5,000 away from my floor model & $145,000 away from my top model. Sell-off driven by Evergrande worries. Supply dynamics set up for the next few months unchanged, eyes on the prize.
Bought the dip.
This week I sat down with both
@100trillionUSD
and
@woonomic
to discuss the Bitcoin market, predictions, and their thoughts about cycles using on-chain data.
This was a masterclass with some of the best analysts in the ecosystem. Enjoy!
We've been tracking the macro price reversal since summer using on-chain. Now what clues can it provide us in our effort to identify the macro price peak over the coming months?
First we'll start with behavioral trends and then everyone's favorite, price targets.
[THREAD 1/22]
So there’s now a SHORT Bitcoin ETF, a Futures ETF, a closed end fund trading at a 30%+ discount, a 401K option for Bitcoin, but NO Spot ETF.
It is clear that
@GaryGensler
and the SEC have an agenda against Bitcoin.
Ok I’ve started doing some buying.
Said I would either do business above 53K or in the low 40s. We’re here and there’s been no follow through from yesterday from the bears. If open interest was aggressively longs we would’ve seen a further cascade of liqs.
Oh and GM.
Thinking of starting to do educational videos on the YouTube channel in addition to the newsletter. Would go through different individual metrics in depth.
The worst people on here are the ones that only comment negative things on everyone’s posts and contribute nothing at all to the ecosystem.
These people are miserable and want to drag you down into their state of negativity. Ignore these people, but have empathy for them.
Year to date performance:
Shopify -60%
Netflix -60%
PayPal -50%
Facebook -40%
ARKK -40%
Nasdaq -14%
Bitcoin -13%
Despite unprecedented macro/geopolitical uncertainty, Bitcoin is holding up quite well on a relative basis.
The SEC won’t approve a Spot Bitcoin ETF but they’ll approve a futures ETF causing investors to get hammered by roll costs and GBTC which is trading around -30% to NAV
Nice “investor protection” 🙄
Bitcoin is currently the 4th most oversold in its history according to dormancy flow.
Dollar-cost averaging more heavily into this area is probably the best approach for the long-term investor.
Yes my 41K buys are obviously underwater. Not gonna larp like I’m always right.
Was expecting some mean reversion at the least. Almost 3 months, no deadcat, down only. Pretty wild lol.
Anyways have a great Friday folks. 🤙🏼
Watching Bitcoin absolutely send during a banking crisis after regulators tried to cut off the industry has to be one of the most satisfying moments ever
I already didn’t fully trust mainstream media, but after being native to an industry that experienced an event as large as the FTX blowup & seeing how MSM portrayed it, I don’t think I will ever trust them. Makes me wonder how misleading reporting is on topics I’m not native to.
Ya know what, can’t please everybody. That’s fine. I’m open to talking w/ people to ask critical questions & understand their perspective.
For the people cursing me out etc. cool. You do you. I put out free weekly content & information for the community constantly.
GN
Most of the tourists have been shaken out by now. -75%, major fear and uncertainty, and likely a long period of chop ahead.
Who's still here and not going anywhere?
Even if you thought BTC could go to $10K from current prices, with a 2025 target of $180K you're looking at a 1:9 risk-reward ratio with 50% potential downside but 900% upside.
Invest 1% of your portfolio, you're risking 0.5% with 9% upside to your overall holdings. No brainer.
After some rethinking, going to try limiting my replies to those I follow. Thanks for understanding and bearing with me. I’m young and trying to deal with the negativity and lack of nuance etc. that comes with having the large internet platform I do now.
Have a good night. 🤙🏼
Microstrategy is up $3,578,716,599 on their
#Bitcoin
position.
In the last 15 years, they've generated $747M in net income.
They've generated 4.79x their total net income from the last 15 years, in less than a year, simply by buying Bitcoin.