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Awesome tracks what is wavlake?

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NOBODY IS YOUR ENEMY

*ANYONE THAT ANNOYS YOU* --is teaching you patience and calmness.

*ANYONE THAT ABANDONS YOU* --is teaching you how to stand up on your own feet.

*ANYBODY THAT OFFENDS YOU* --is teaching you forgiveness and compassion.

*ANYTHING THAT YOU HATE* --is teaching you, unconditional love.

*ANYTHING THAT YOU FEAR* --is teaching you the courage to overcome your fears.

*ANYTHING YOU CAN'T CONTROL* --is teaching you to let go.

*ANY "NO" YOU GET FROM HUMAN* --is teaching you to be independent.

*ANY PROBLEM YOU'RE FACING* --is teaching you how to get a solution to problems.

*ANY ATTACK YOU GET FROM PEOPLE* --is teaching you the best form of defence.

*ANYONE WHO LOOKS DOWN ON YOU* --is teaching you to look up to CREATOR ( *GOD* ).

Always look out for the lesson in every situation you face in every phase of life.

Be polite, calm, gentle and thankful to God because He will be with you to the end.

Life had taught me lessons. I do not see people at my cross road, because humans are not reliable. I only see God as the author and finisher of my faith.

*R E F L E C T I O N S*

*When you live your life without anyone betraying, hurting, disappointing, disgracing or offending you, then it means you never did anything worthy.*

*The beauty of life, is that it comes with disappointments and betrayals, from people you least expect.*

*Unfortunately, some of us spend so much time crying over these betrayals and disappointments, and end up becoming victims of all circumstances.*

*Remember One Thing:* *Holding unto anger is like knocking your head on the wall and expecting the other person to feel the pain. You are only hurting yourself.*

*The fact is that the world is full of annoying, naughty, stupid and ungrateful people, and you will always come across them at one point or another in life. But the best thing to do, is to deal with them with wisdom and maturity.*

*You can’t get everyone to love you, think like you or behave like you... never.

Patrick

GM 🫂💪🏼

Would you invest in Damus for some equity?

#asknostr

My wife like to buy the ‘all natural’ cleaners and soaps.. I tell her that’s great for food, but for cleaning you need strong chemicals..

A couple months ago I had a discussion with the head of digital assets at a multi-trillion AUM financial institution about the topic of whether bitcoin is a risk-on asset or a risk-off asset.

This wasn’t about what it is conceptually (i.e. globally portable finite bearer assets are conceptually good to own in a crisis, neither of us disagreed on this), but rather how its price would *actually* behave in a crisis currently and for the next several years.

Their view was that it could be marketed as a risk-off asset, meaning something that is likely to go up in a crisis, and that if marketed this way it would allow them to put bitcoin ETFs into more portfolios and weight it bigger.

My view was that while of course people should own bitcoin, it’s not yet a risk-off asset in practice in terms of price action, and that marketing it that way is likely to lead to disappointment for those that expect it to perform like that.

We then got into a discussion about how bitcoin went up in the March 2023 banking crisis. They suggested that this is evidence of emerging risk-off behavior, to their point.

I disagreed, and clarified that in my analysis the closest correlation to bitcoin price action is measures of global liquidity. Some types of crises are pro-liquidity and some are anti-liquidity, and will likely affect bitcoin’s price accordingly.

The March 2023 banking crisis was a pro-liquidity event because it was quickly apparent that the Fed/Treasury would bail banks out fast and slow their rate hikes. Therefore, bitcoin went up not because it was a risk-off asset per se, but rather because it behaved as a pro-liquidity asset as it frequently has.

The Iran/Israel event this weekend was an anti-liquidity crisis because it contributed to a flight-to-safety move toward the dollar (i.e. the unit of account for which the most debt is denominated in, and debt represents inflexible demand for that unit). A sharp move up in the dollar is bad for global liquidity because it hardens the debts of various foreign entities (sovereigns and corporations) relative to their cash flows (which are to varying degrees partially or completely denominated in fiat units other than the dollar). And so bitcoin behaved as it normally does: it went down amid falling global liquidity.

At this stage (with its relatively small size, high volatility, and poor understanding of most people for the asset), I continue to view bitcoin price action as likely to be pretty correlated with global liquidity for a while. Understanding that dynamic is helpful when communicating expectations to people and when determining which types of crises are likely to push its price up or down. Yes, bitcoin is a risk-off asset conceptually, but in practice in terms of macro price action it is still a pro-liquidity asset primarily.

When bitcoin price action starts to behave differently from that trend, I’d be happy to report on that observation.

Just a heads up if you are trying to reach me use Telegram or Keet. I’m off all Nostr and X for the week. Any posts will be remote so i will miss comments and replies.

I can't wait 😍😍

Made more money on Nostr than on Twitter ⚡️

AGAIN.

#nostrvstwitter #Value4Value #V4V

Haha it was an over zealous generalization. And absolutely anecdotal. Though, that's how it seems to me. The bulk of bitcoin twitter don't seem to be in it for the decentralization

People who care about #Bitcoin for the tech are on #Nostr

People who care about #Bitcoin to get rich are on #Twitter