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Replying to Avatar HODL

On the paper bitcoin shit I will repeat this as many times as necessary.

1. Yes this is a bubble

2. I believe we are in the infancy of that bubble

3. I will be and already am participating in that bubble

4. I will be attempting to sell the top of this bubble

5. This bubble will get very large

6. Then it will pop

7. Many people will cry

8. Fortunes will be won and lost

9. This is good for Bitcoin

10. None of this shit can ever replace real bitcoin, don’t over index on it. Big bubble go boom boom at some point. You lose money, you lose btc. You cry. You sad. You no like.

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VINNY 6mo ago

The mNAV is a bubble. I think systemic treasury liquidations will be highly localized and thus contained.

The inter entity risk is not there like with FTX or legacy banking crises

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