BTC-ETH spread needs to go way up. When you buy bitcoin a market maker sells it then buys ETH so he's -1 BTC and +~19 ETH. He then buys the spread position to get flat. The spread is a ratio. Its how market makers trade. BTC-ETH is an actual contract market makers can be long or short.
So if you're the fed or JPM you could create a ton of eth sell it into the market and forcing the price down (opposite trade as above). JPM creates the eth out of nothing. Fed buys it and holds it forever.
ETH is key to manipulating the whole thing that's why they are trying so hard to legitimize it.
Anytime you see BTC start to rally a lot you see a ton of ETH get sold into the market to control it.
CURA LA INFLACIÓN
ETH does like $25B in volume and BTC does like $50B. It's a controlled market at the moment. Not sure how it breaks. Nobody is actually trading/owning ETH it's just there to control fiat price through spreading.
The market makers are selling corn because JPM is selling eth. Unlimited $ and ability to create unlimited ETH gives you free reign to control the price of bitcoin. BTC-ETH spread and ETH-BTC spread show you exactly what's going on.
By design nostr:note1lafvhxjla2760l2rm69whuerny404aa8sg69a29847rqf4k95q8s24z8ex
That's Yoda up to for certain
Yup. We live in a slave state.
Thousands of acres of solar panels are destroyed following a hail storm yesterday in Damon, Texas
"Green Energy Technology" - brittle, expensive, inefficient.
This is what they think is going to save the world.
https://video.nostr.build/2b21439151b365a2a6022873778fcf66727163a7d0f4341490e71445f6d3ec70.mp4
Holy shit.
It would have to cost something to broadcast/store to avoid storage spam. IPFS looks really interesting.
Just out of curiosity looked up the size of YouTube storage ~1M TB.
We would need distributed storage or people willing to "pledge" storage. Like running a relay but running distributed storage relays?
Fiat is a worldwide problem
Today was a good day. #dadstr https://video.nostr.build/ea8052f4c68deb1d8254c621a9837a7697d068c00729f7655ee755b336da3a80.mp4
Good work 👏
He's a ETF maxi. Listened to him on nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy . Could see him getting extremely orange pilled and never coming back down.
Lmao NGMI
The stacking intensifies.
Game theory in full swing.
BTC exposes which TradFi professionals actually understand the game they are playing.
90% of people in "finance" should not be near money; especially other people's.
Bitcoin needs more singers, nice. Lmk when the song comes out.