Whale strategy:

Step 1. Dump #bitcoin

Step 2. Load up on deep OTM calls

Step 3. Buy as much bitcoin as you can right before expiry.

Step 4. Collect on ITM calls

It's just a matter of time to find out what kind of run on the bank scenario this gamma squeeze will cause.

Do you think it's just a matter of time that market makers will need to start buying #Bitcoin to prevent getting margin called?

Wtf is absolute scarcity anyway? 🤷‍♂️

Pain is the basis of good character. Suffering is the result of bad character under the influence of pain.

#mindset

Being a non player when others are playing is what most humans experience unknowingly. Not understanding that a game is being played, not being willing to learn the rules of the game, Dunning-Kruger-ing the rules or simply being ignorant of the existence of rules; it is clear that disqualifying oneself is the main feature. Opting out isn’t neutral: it’s a forfeit. #NPC #gametheory

Compare it to the neutral writing of the sovereign individual, which predicted outcomes that actually happened.

It's full of prophetic conjecture and ideological framing, examples are cyclical determinism, arbitrary generational archetypes, dichotomy of purge by a fourth turning crisis and most of all the disturbing singular Anglo American perspective.

I think it's garbage.

“You all see in the matter of coinage, in which it is felt that we have some interest, how we have even invented an art, and how many means the tester employs to test the coinage—sight, touch, smell, finally hearing; he throws the denarius down and then listens to the sound, and is not satisfied with the sound it makes on a single test, but, as a result of his constant attention to the matter, he catches the tune, like a musician.” -Epictetus (on validating #bitcoin blocks)

I'm grateful someone was willing to sell me some #bitcoin.

#Bitcoin is the first and only money ever.

Well, I didn't say this was a very serious strategy, but if it were then all the apes 🦧🦍🐒 would need to go look for the proper collateral. For example; Short fiat with a mortgage, collect rent on the property to service the loan, short fiat by buying bitcoin. Double short!

Hahahaha 🤣

If every HODLing Bitcoiner would get a loan at their own capacity today, to buy bitcoin with it straight away, it would send Bitcoin to $200k-$500k overnight. They could then liquidate a small portion of their #Bitcoin to settle the loan with. Rinse and repeat.

Absolute scarcity is a monster fit only for real apes 🐒

It would require discipline and coordination, not ape like mayhem.

This is simple ape like financial advice for fellow apes, a thought experiment for very rudimentary thought capacity:

Get a loan, borrow $100k @ 5% interest

Keep $40k in a separate account so you can pay the interest for 8 years. (8y X 5% X 100k = 40k 🐒)

Buy #Bitcoin for the remaining $60k

Wait.

Don't spend the money you set aside for servicing the loan.

Don't spend the bitcoin 🐵

Check the price after 8 years.

Celebrate.

Why the fuck would anyone ever hold that up with their hand.

shit is fine

😆

I'm not competing. I never have. I produce that which nobody makes yet. When marginal profit arrives I offer my work for free.

https://blossom.primal.net/9b4adf8fe8ca4cca0ab665cb1f6d6b3c9c810a874e3bed097813d40226e53df0.mp4

I keep a list of book recommendations for people into #Bitcoin, Austrian economics, capitalism vs. socialism and personal development. I also started adding a list of books I don't recommend.

The Ascent of Money - Niall Ferguson

Seeing What Others Don't - Gary Klein

Safe Haven - M Spitznagel

On Dialogue - David Bohm

Thinking Fast and Slow - D Kahneman

A Theory of Socialism and Capitalism - HH Hoppe

Praxeology - K. Svanholm

Human Action - Ludwig von Mises

The Fatal Conceit - Hayek

Anatomy of the State - M Rothbard

The Law - F Bastiat

The Politically Incorrect Guide to Capitalism - Robert P. Murphy

Early Austrian economics - Israel Kirzner

The Theory of Money and Credit - L von Mises

Keynes Hayek - Nicholas Wapshott

A History of Money and Banking in the USA - MN Rothbard

The Revolution - Ron Paul

The History of Money - Jack Weatherford

Democracy: the God that Failed - HH Hoppe

Economics in one Lesson - Henry Hazlitt

When Money Dies - Adam Fergusson

Principles for Dealing with the Changing World Order - Ray Dalio

Economics for Real People - Gene Callahan

The Black Swan - NN Taleb

Superforecasting - Tetlock & Gardner

The Sovereign Individual - Davidson & Rees-Mogg

Rules for Radicals - SD Alinsky

The Creature From Jekkyl Island - E Griffin

The Blocksize War - Jonathan Bier

The Bullish Case for Bitcoin - Vijay Boyapati

Layered Money - Nik Bhatia

The 7th Property - Eric Yakes

21 Lessons - der Gigi

The Price of Tomorrow - Jeff Booth

The Bitcoin Standard - Saifedean Ammous

The Fiat Standard - Saifedean Ammous

Principles of Economics - S. Ammous

Broken Money- Lyn Alden

Bitcoin is Venice - A Farrington & S Meyers

Check your Financial Privilege - A Gladstein

The Internet of Money - A Antonopoulos

Science Set Free - Rupert Sheldrake

Untethered Soul - M.A. Singer

Meditations - Marcus Aurelius

The Parasitic Mind - Gad Saad

LSD My Problem Child - A Hofmann

How to Change your Mind - M Pollan

Non Violent Communication - M Rosenberg

My Inventions - N Tesla

Hold me Tight - Sue Johnson

Permanent Record - Ed Snowden

Doors of Perception - A. Huxley

Walden - Thoreau

The Tipping Point - Malcolm Gladwell

The Infinite Game - Simon Sinek

The Holy Grail of Investing - Tony Robbins

Storm of Steel - Ernst Jünger

If This Is a Man - Primo Levi

The Meme Machine - S Blackmore

The Selfish Gene - R Dawkins

A New Earth - E Tolle

Meetings With Remarkable Men - Gurdjieff

In Search of the Miraculous - Ouspensky

Lateral Thinking - E de Bono

Books I don't recommend:

The Man Who Solved the Market - G Zuckerman

Anti fragile - Nasim Taleb

The Fourth Turning - Howe and Strauss

Debt - David Graeber