Dave W
@daveweisberger1
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Economic Freedom, Critical Thinking & Markets geek. ALL opinions are my own, & do not constitute investment advice. Bitcoin for saving & Crypto for markets.
Miami Beach
Joined November 2020
True, but the reason is that Bitcoin, IF it realizes its potential, will provide an alternative store of value to FIAT currencies that will reshape the global economy . Until that time, it TRADES like an option on an emerging & volatile asset, attracting millions of speculators.
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I am🤞that even a blind squirrel can find a few nuts. Otherwise, the next dip is nigh. .
🚨 JUST IN: Jim Cramer just said LIVE ON CNBC that Bitcoin is a hedge against the U.S. turning into WEIMAR GERMANY. 🤯 . Bitcoin just went fully MAINSTREAM!! 🔥🔥🔥
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Peter is correct, there is a HUGE difference between Bitcoin & Gold:. Only Bitcoin is digitally verifiable, provably scarce, efficiently transact-able, cheap & efficient to store, easily sub-divisible & natively digital - ALL without having to trust intermediaries….
There is a huge difference between a store of value like gold and a highly speculative digital token like Bitcoin, which has no real value to store. Yes, the price of Bitcoin went way up, but prior speculative gains don't qualify Bitcoin as a store of value for current buyers.
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Jack speaks the truth. BUT, it is FAR more important than most Bitcoiners realize. The LARGEST pools of capital limit the size of all of their positions based on their estimates of the cost to liquidate if necessary. THIS proved those assumptions WAY too conservative.
The market absorbing 80,000 BTC (~$10B) in days with barely a blip is a big deal. Bitcoin isn’t fragile. Armchair analysts warning about treasury selloffs crashing Bitcoin might want to think again. Going to take orders of magnitude more than 80k BTC to stop what’s coming 📈.
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It’s an interesting commentary on the crypto community that Scott’s message needs to be stated….
It’s totally fine to sell any asset you hold to buy something that improves your life.
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Who else expects to see 119k again early next week?. It almost feels TOO obvious.
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THIS is what the process of mass adoption looks like: OG Bitcoiners passing the baton to the investing public. (did anyone really think that Bitcoin could replace Gold as THE store of value without a substantial broadening of the holder base???).
JUST IN: 🐋 A Whale just moved $469 million in Bitcoin after holding it for 14 years.
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WTF happened to @Forbes???. This article is so flawed, that it might not pass muster at the BABYLON BEE. The FUNDAMENTAL crime committed by SBF was to allow a backdoor (which he LIED about repeatedly), used by his own fund (Alameda) to employ FAR more leverage in trading.
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RT @daveweisberger1: @richardmadrian @Crypto_TownHall The INTENT of most securities rules, apart from the odious accredited investor rule,….
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Matt explains our frustration with financial system incumbents well. Its a system where bank losses are socialized, cartels are supported by the government & advances in information technology have been ignored by regulators, to maintain the status quo. DIGITAL IS the.
These articles make sad. People are trapped in the current financial system, and can't imagine a better future. Our financial system is actually not that great. Banks pay an average of 0.01% interest on checking accounts. Checks clear in five days. Stocks settle T+1 and not on.
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If you think this is a random musing, you are asleep. When the Secretary of the Treasury starts talking about a re-alignment of the financial system, pay attention, because PRINTER IS COMING.
.@SecScottBessent: "What we need to do is examine the entire Federal Reserve institution and whether they have been successful. All of these Ph.D.s over there, I don't know what they do. This is like Universal Basic Income for academic economists."
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Took the weekend off…. Awoke to SOL > $190 & ETH > $3800. Alt Season right on schedule in time for . MACRO MONDAY. @scottmelker.
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Liar, bought and paid for by the banks, against innovation, AND in line to control economic policy if a Dem wins in 2028. That is why Clarity is so important now.
She's a liar, CLARITY does not say or do this.
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Great thread explaining why Marxism is the ULTIMATE example of "the road to hell is paved with good intentions", with a dollop of "absolute power corrupts absolutely.". The TLDR is forced redistribution requires unchecked government power that ALWAYS results in human misery. .
🧵 1/ Marxism inspires people to wield government’s coercive power against their fellow citizens—inevitably causing immense harm—all while insisting that the harm is justified because “it’s for their own good”
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FWIW, my gut is telling me this ($117k) is a good entry point for Bitcoin. (One of the great axioms is its VERY profitable to buy as large sell orders are finishing, and that seems to be the case). NOT Investment advice & be careful out there. .
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I repeat. THIS is why perpetual futures are going to explode when approved. Like options, they provide limited loss leverage, but are MUCH cheaper to trade.
Starting to think we're either very near a top, or about to experience an absolutely massive, vertical, face-ripping blow off top. Someone I know who just buys 0-1DTE calls on big tech every day.IV? Greeks? Bid-Ask? Earnings? P/E?. Don't know em, don't care- just buy calls.
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