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Kane McGukin
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#Bitcoin + Monetary Innovation. My opinions are my own and not financial advice. Navigating Bitcoin’s Noise 🎙️http://apple.co/3wFbiiq

Yep. Proof of the fallacy that stocks fall as rates rise.

Generally speaking stocks rise with rates and bonds rise with stocks.

These two points above are the basis of “Normal” functioning markets.

However, MSM falsely portrays that it is normal for stocks to fall when rates rise and for bonds to rise when stocks fall. At some point stocks do fall bc of high rates, when they are above 4-5%.

Their view does happen in deflationary markets which we have been in since 1997. They do not happen in inflationary markets which entered into around 2015 and confirmed around 2018.

The reason so many are caught off guard is because our entire careers or large portions of it happened in an abnormal, deflationary market.

Originally posted Oct. 2018.

Money is a unit that changes based on the greed of man. It’s just a tool that has no real value.

Wealth is the basic moral principles that govern all and lead to a lasting prosperous life. Wealth is the root of all value.

The terms are used interchangeably but have drastically different meanings. So much so it’s unrecognizable until you really go down the rabbit hole.

Broken morals lead to broken money.

It’s only when the money breaks that we begin to pay attention and realize how broken our core value system is.

https://open.substack.com/pub/kanemcgukin/p/faith-is-money-money-is-not-faith?r=99ex&utm_campaign=post&utm_medium=web

Focusing on money is the wrong take.

Satisfying the needs for the most while balancing credit, leverage and liquidity in a way that reduces folly is the answer.

Much focus is placed on money.

However wealth is created and destroyed by our financial habits which have nothing to do with protocols, tokens, or yield.

Keeping up with the Jones’ is more prevalent in urban areas.

The best financial advice 99% will ignore, or not do.

Not sure who needs to hear this but I’ve seen a number place’s recently, “this bear is worse than others”.

It’s not *and* there’s still plenty to go.

It feels “worse” because we’re in depths of it *and* people quickly forget reality once it’s past (how terrible the previous bear felt). Plus for many this is their first.

Since 2013, peak to the start of ensuing bull mkts - the full 🐻- lasted on avg 979 days.

We are currently at day 660 (since ‘21 peak), suggesting 319 more days until next wave up begins.

So, probability wise, there’s still about a year to go.

Halvings are approx. 210,000 blocks.

The last 3 bull moves lasted an avg of 73k blocks.

Meaning bears lasted 136k blocks or 945 days on avg. similar to the above but counting blocks instead of actual calendar days.

With mass adoption comes the psychology of those people’s trading behaviors.

Making modern bears look “different” than they did when it was just a bunch of committed laser 👀’s.

IMO, there is a reason Wall Street is preparing for entry now, the last 6mo. ⬆️⬆️ is crucial to understanding. Again, just my opinion.

The greatest attack on #Bitcoin  is the short attention span of human developers and users.

Those with deep pockets of capital understand this and news feeds are built for it.

One takeaway after chatting w/ Bob Burnett about #Bitcoin mining, base layer technologies are impactful and bound to change.

🎙️ https://podcasts.apple.com/us/podcast/navigating-bitcoins-noise/id1583424361?i=1000625681298

✳️ Challenges w/ #btc  transactions

⛔️ Managing private vs. public companies

🧗‍♂️ Base layer technologies

Wouldn’t be shocked when we get to the other side if it looked a lot like 1960s/70s market with 1920s social moods, and 1930/40s economic fundamentals.

https://open.substack.com/pub/kanemcgukin/p/interest-rates-and-equity-valuations?r=99ex&utm_campaign=post&utm_medium=web

It was transitioning from the Bank of England to the United States.

If inflation is 3% then we have an entire economy colluding and price gouging… lots of companies breaking the law at the expense of the American consumer.

https://www.ncsl.org/financial-services/price-gouging-state-statutes

Replying to Avatar jack

nostr:npub180cvv07tjdrrgpa0j7j7tmnyl2yr6yr7l8j4s3evf6u64th6gkwsyjh6w6 has asked for this for some time nostr:note17g5t8ud3pxteyktc3ayn8ftd8zc4tq65scn2muecjysv2fggh5nq7r4eey

This is exactly what RGK Jr laid out as to how Fauci and this group of demons work.

They cancel people and fear others into submission, or they lose jobs, careers, etc.

Why do you think we let the size of our following dictate what and how we say it?

Serious question.

Are we not displaying the child to adult relationship?

As a child we say what’s on our mind, what we genuinely feel, the raw truth whether we think people will hear it or not, like it or not. As an adult we become accustomed and trained to only say things that we think will make people like us and only what we think will make others think we are smart.

Would the world not be a better place if we all posted like we had small followings and not large ones? Would that not free is to get to the truth and live authentic and more free lives?

How do we ride the fear of being true to who we are and posting what we believe regardless of the size of our following?