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CappyNate🍁
18fcc139950a9cce3fee5ee4f4f46f3e3f0e338277dcc8bcd692b3ce0e94084e
Tech, money, startups, free-markets. Sidelined by undiagnosed neurological issues since 2020. 🕔 heatstr.vercel.app (Busiest Nostr hours) Banned by LinkedIn Nov 11, 2024.

Xwitter has calmed down today.

Be a shame if we got Nostr trending there... 😈🧙🐦‍⬛😉

Maybe. But they don't need too many for launch nor does their entry price matter too much. The creation/redemption mechanism handles all the extra buying/selling pressure in real time. Passing gains/losses through to unit holders (not affecting Blackrock).

The major flows happen AFTER the launch, via creation/redemption. New buyers drive price, which drives new unit creation, which buys more BTC via the ETF mechanism. ETF's holdings constantly fluctuate.

Means Blackrock starts buying BTC. They need to own some Bitcoin when the ETF launches. ETF's don't launch empty of holdings.

So they start accumulating BTC pre-launch, get the creation/redemption mechanism running. It's a sign they're confident the ETF will approve soon.

Google Maps also intentionally blurs the Israel side within a few miles of the Gaza border. Not sure for how long. I just noticed a week or 2 ago.

https://void.cat/d/JvDcekfoLTHXMtUzJojyBG.webp

Likely accurate. Next stop on this up leg is 100k+ (by summer).

But we'll see a 50% crushing back to 40-50k. So no need to panic either way. Buy low, sell high. Like anything.

Did S&P 500 just put in 5 waves off the 4600 high?

Maybe. But I'm not so sure. This structure gets into very debatable rule interpretations. So more price action is needed to confirm 1 way or another.

The fact remains:

-5 waves off the 4600 high, red scenario triggers, targeting 3000 or below (BAD for Bitcoin!).

-3 waves down from 4600, green scenario is still the goto, targeting 5k near spring. (GOOD for Bitcoin NOW!).

In a printed money economy, everything is connected.

https://void.cat/d/JQgTAaxLU4TZN7NqdEW9tz.webp

🤣🤣🤣🤣

nostr:note1sgcy2p8t2y6cduvmgcl5ys27le8ftsfmpkusr67mmdakf9sccvnq3686ye

Reply with trojan and geo-logger attached to email. Hone in on him.

Universal Basic Income is being proposed here in Canada. FFS.

UBI starts at $1,500/mth. Then the excess cash and decrease in production drives prices higher.

So UBI goes to $3k/mth. Prices go higher.

So UBI goes to $10k/mth. Prices surge exponentially.

Before you know it, bread costs $400 a loaf, nobody works, and the average Joe starts learning about Zimbabwe and Venezuela.

This is bullish for Bitcoin. But it's bearish for humanity.

Elon is such a liar. We should all team up, blitz Xwitter, and get Nostr trending there.