Admittedly, I really enjoyed this timely discussion with nostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj.
Danny asks great questions, with intelligent follow-up points for clarification… and does both with a chill vibe.
The What Bitcoin Did podcast is in great hands! ⚡️
nostr:note1sqrexav054xtjdr88apv9wquxqsns47h4c4k3l5yej9q556zwcuqlza5nw
nostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj is a straight up legend. He has great energy ⚡️
I enjoyed this interview. Thanks to both of you.
So stoked that the pod is back!!! When I first heard the “CH CH CH” in the intro, I smiled from ear to ear 🙂
💯💯💯
Wicked episode. Look up Nostr nests for spaces like experience. nostr:nprofile1qqsr7acdvhf6we9fch94qwhpy0nza36e3tgrtkpku25ppuu80f69kfqpz9mhxue69uhkummnw3ezuamfdejj7qghwaehxw309aex2mrp0yhxummnw3ezucnpdejz7qg4waehxw309aex2mrp0yhxgctdw4eju6t09ug4n6q3 can speak to it more.
Hey doc at the end of the podcast you mentioned things look toppy right now technically and to have stop losses for early 2025 was that just for stocks or Bitcoin as well?
It was a very good episode.
One for tomorrow.
Yeah it's cool!
Just need nostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj to go Nostr only now. 🤣
Great conversation mate love your work
Well done, Doctor! Another sturdy podcast performance.
Danny still seems a bit stiff, but with a few more episodes under his belt, I'm sure he'll loosen up. His questions, follow-ups, and focus are the hallmarks of a great interviewer, Peter is already looking over his should.
Great show!!
looking forward to it
Interesting how you don’t think there is anything that can derail the 4 year cycle like nation state adoption etc. I get the liquidity cycle but at some point it will become more than just another investment
I enjoyed it as well! Congrats on getting your fund big enough to step away from radiology. One thing I like how Danny does his interviews is that he gets straight to the point at the start of the interview. He asks great questions as well! It was great to meet him when he was in Nashville.
Jeff, I listened to this interview and you drew a distinction between how you handle your own finances (hodl, live mostly on a bitcoin standard) and how you think about the market as a fund manager.
I’m curious why you wouldn’t apply the same strategies you’d use in your fund to deliver a positive return in your own finances.
I agree that the vast majority of people are better off not trying to time the market. Per Odell, stay humble and stack sats. That’s sound advice.
But you’re an experienced fund manager who is responsible for eyeing liquidity like a hawk and devising strategies to lock in returns and avoid massive/lengthy drawdowns.
Is it a matter of principle? A mix of other considerations?
I too operate personally on the Bitcoin standard. I do however have some money locked up in retirement accounts which are in Bitcoin ETFs / MSTR. Jeff got me thinking of setting up some trailing stop losses. Just a matter of where to set them! with the amount of 20-40% drawdowns during previous bull runs, seems like an equal risk of tripping the stop loss then having the price rip 40% in the other direction! What do you think nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l ?
The concept of Staying Humble and Stacking Sats (h/t nostr:nprofile1qyv8wumn8ghj7urjv4kkjatd9ec8y6tdv9kzumn9wsq3vamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet5qyvhwumn8ghj7um9dejxjapwdehhxenvv9ex2tnrdaksqgqyey2a4mlw8qchlfe5g39vacus4qnflevppv3yre0xm56rm7lveyr9lldz ) and living on a Bitcoin Standard is a simple and peaceful existence.
And, historically-speaking, it is also quite profitable.
Anyone can do it. Just:
1. Head down.
2. Work hard.
3. Spend less than you earn.
4. Stack sats.
Trying to time the market--with its massive associated tax implications--is a stressful life.
As I seasoned fund manager, I generally get the timing right and end up with a little more bitcoin. But sometimes I get it wrong.
And sometimes I lie awake at night, stressed out and wondering if I made the right trade (by size and by timing) on behalf of my clients.
A (very) small number of people can outperform bitcoin in the long run, but 99% cannot.
For these reasons I recommend that everyone just stays humble and stacks sats, as nostr:nprofile1qyv8wumn8ghj7urjv4kkjatd9ec8y6tdv9kzumn9wsq3vamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet5qyvhwumn8ghj7um9dejxjapwdehhxenvv9ex2tnrdaksqgqyey2a4mlw8qchlfe5g39vacus4qnflevppv3yre0xm56rm7lveyr9lldz has succinctly devised.
Rock solid message. It's always encouraging hearing this same game plan from different seasoned bitcoiners. Now if more people could actually internalize it, real growth could take place.
What were those news feeds?
Probably easiest for you (and others) to sift through my Follows and pick some news feeds out that interest you.
Here is a list of the news feeds on nostr:
Really enjoyed this discussion Jeff and Danny 🤩
I’m considering switching to Nostr only too after listening to you and nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe Slowly then suddenly 💫
Just finished and rushed over here to say thank you for being #nostr only. If we support this protocol it will continue to get better, like you asking for news feeds. This free market of people and desires is needed to bring the change. Thanks for all you do 🙏
Great interview
Sponsored by Ledger spyware
Ahh nostr:nprofile1qy2hwumn8ghj7mn0wd68yetvd96x2uewdaexwqgewaehxw309ac8yetdd96k6tnswf5k6ctv9ehx2ap0qy28wumn8ghj7un9d3shjtnvdesh2tnwv46qzxnhwden5te0wfjkccte9ehhg6r9wfehgatxvchxv7tfqy28wumn8ghj7am0wshxw6tjd9hx7tn0wfnsz9thwden5te0wahhgtnnd9sk6um5wghxxmmdqy2hwumn8ghj7am0wsh8xmmkvf5hgtngdaehgqgjwaehxw309amk7apww468smewdahx2qpqk7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7sxzhfwu + nostr:nprofile1qyxhwumn8ghj7cnjvghxjme0qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcppemhxue69uhkummn9ekx7mp0qydhwumn8ghj7mn0wd68ytn0wfskuem9wp5kcmpwv3jhvtcprpmhxue69uhhyetvv9ujucm4wfex2mn59en8j6f0qy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj7qgewaehxw309aex2mrp0yh8xmn0wf6zuum0vd5kzmp0qqsd0uazmzmhwseeym3rjhf3txyjapreapc6sq8yq8cy07cg45tlx2cvj3xfg that was a great mellow listen after a winter afternoon stacking wood followed by a hot shower.
Your commentary raises a Q.
If late 2025 gets very toppy and we go risk off - you suggested not being ashamed to get into cash (by which I assume you mean fiat).
I will probably ride out the bear - but would ask if Gold might not be better than fiat in a late 2025 crash a) on principle - it is less fiat b) because it could do well vs stocks
Any feedback greatly appreciated.
PS great work Danny
If we happen to have a recession and deflationary bear market, then the US dollar tends to be the best performing asset, while liquidity dries up around the world.
where do we stand with liquidity atm? up only soon I guess. thx
Doombears in Shambles
Thanks - appreciate you taking the time to answer.
Can't see myself buying any of that filthy fiat though😁
Also appreciate that you made the caveat that at a personal level you plan to DCA come what may.
As a Dr I expect you are aware such habits are good for your well-being
honestly, it's better now. Danny stays on topic and asks great questions. no 15 minutes of reliving drunken tales from the pub that no one cares about
🤣
Thanks for getting out there and talking stuff, lots of great signal! Well, all signal, no noise.
Really looking forward to more, especially as everything unfolds!
Brilliant show nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l and nostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj so good to mentally think what the next year might be like and also to prepare for the period after.
Thanks for watching! 🍻
Always. I’ve been having a lot of good chats with my family about bitcoin. As a Christian one thing that comes up a lot of the “love of money, route of evil” I keep saying that our current money is corrupt and bitcoin is a way back to sound money that doesn’t steal from people. I have not broken through yet but people like yourself help me to articulate my thoughts. 👏🏻🫡
I know Peter felt it was the right time step back but I’m so glad nostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj picked WBD back up. It brings the same vibe but I like that Danny doesn’t mind doing virtual conversations which means we get a lot more content. It’s a great, natural evolution of the show and I think Peter is doing some awesome stuff with his new show.
Great Interview Dr. Jeff!! When you said towards the end of 2025 if markets get toppy, the best way to defend is to move into cash; what is the typical suggested allocation to cash when markets seem toppy? All in cash or 50% or something smaller? nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l Thanks a lot!!
Very glad nostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj brought back What Bitcoin Did. He’s doing a great job
This is very very good. I listen to your logic and completely understand it and agree with it and don’t feel like a completely confused retard.
😂🤝
This was great to listen to, Jeff. Any suggestions as to where one could follow M2 growth with more granularity than on a monthly basis? I’m not a trader, just a curious pleb.
Also, I’ll try to spend more time here than on X based on your very well stated reasoning.
hey nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04lnostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj
can you guys share the news feeds for #nostr you were talking about on the show ?
Here you go...
