Don't think I can ever invest in stocks ever again. Been out of them for awhile and purely into BTC and glad I did.
Stocks just have too many dependencies...too many weak points.
Hyper dependent on the economy, supply chains, diplomacy and trade regulations...so much can go wrong to effect the company you are invested in.
Problem with trading is you have to trade twice. You have to sell and hope that was the top, then buy back in and hope that was the bottom. Even doing one of those is hard, and studies show most can't do it successfully long-term.
Every story you heard of a person getting stupid rich is the guy who found a wallet on a old HD and not too many stories of some guy sweating it out daytrading btc from the past.
Imagine the Trump pump that the stock market underwent in 2016, but now with bitcoin and eventually fed interest rate cuts.
Wondering why after now 6 20%+ corrections this cycle that this latest one was the loudest most fear-induced one I have ever seen. I think getting paid to post on twitter really fucked up everything on that platform.
I want to try fold, but I gotta provide my SS, ID, and a full face scan proof-of-life with the current newspaper who the fuck get newspapers anymore.
Decided to withdraw my btc to cold storage that I had on nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9. Had to pay $7.99 to do it for some reason. I also withdrew roughly the same amount I had also on paypal and it cost me only 75 cents to move it to cold storage. How is paypal better for btc buying and moving than strike?
Bears fill my timeline on bird app.
Market psychology and Doomposting squiggly line charts to 44k on light mode.
All while only being 8% off the all-time-high, with nearly 2billion in leveraged short positions built up. Hmmmmm
Mass bobo extinction event coming?
Interesting that previous mid bull runs have this period in the past (Jul-Aug) where the market slows and go sideways before continuation. In this environment bitcoiners always have the best mindsets for these times, and other times, which is to stack sats and chill knowing you are in the best asset.
Over in the shitcoin arena on the other hand is a mess. Anger and pessimism, frequent arguments and "main characters" becoming villans. A toxic environment for toxic assets. A reflection overall of the outcomes of zero-sum games where the majority lose.
One day bitcoin left the ability to be bought for under 60k, forever...
Next level peak might be around 100k+ before July if this was the bottom. Check the previous chart and see that red dot also points to around that time for 100k.🤑
One day you and your childhood friends played together for the last time and nobody realized it.
One day, the price of BTC crossed 10,20,30,40,50k and never became available again...each time during a period where almost nobody assumes it will be the last time to buy.
Used to despise bears, but I realize now they have been helping me collect some cheap sats recently. Unfortunately misunderstanding of this asset leads to a big wealth transfer. Wealth will flow from the misinformed to the informed.
They panic sold an asset with 40% CAGR for FIAT to me today. Again.
Every time BTC number-go-down for too long, I turn into this guy after reading too many bear posts on the timeline.
Just as the number of bitcoin created is known well into the future by its principals, so can be seen its growth as a network and thus price. Understand the beauty of this growing network. As you align with the understanding of its ultimate path you will prosper.
The markets job is to transfer value from the lower to the higher conviction holders, from the uninformed to the informed. Seize its opportunities and the use the short-term manipulation of price to your advantage.
Big draw downs make fond little email snapshots to look back upon. Today for me feels like one of those days. The more time passes, the memory of this being exchange insolvency FUD, the panic, the calls for 12k, 5k....all fade to the realization that it was a great time to click that green button. Hit that buy button on one of those days. On a long enough time horizon, nobody has ever regretted such a thing...but many have wished.
Who knows how accurate this will turn out to be, but something I stumbled across and tried to share privately with no response, so I guess I'll share it to the void: mining costs according to this graph is around the 100k mark! In the past bull markets the price of BTC reaches 0.4-to 0.5 of this mining cost. So if this price range stays around where it is, the price of BTC will peak around 200k.
I think that BTC transactions on-chain getting expensive is good overall. If you ever witnessed other crypto chains getting spammed, it can render the chain almost dysfunctional. When the cost is cheap, value games can be played with almost no punishment. Conversely, when there is a heavy cost, value games are short lived and dissipate quicker because it is not +EV to continue speculations long term. The chain can be rented out to whomever, but will eventually always resettle to its appropriate cost of value transfer.