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sauna
ae545f79b69102a5d8cd5002ac0cfed879b809ca6913fc0c7e3b370378635096
psychopathic sat stacker~class of 2020~ 58K gang~Canadian 🇨🇦~libertarian~anti violence~freedom maximalist~married~father~mining~mstr bull

Saylor told us why price isn’t ripping.

‘There is a rotation happening in BTC holders.’

What he means is short sighted high time preference retail is selling their coins to his sovereign wealth fund.

nostr:note1pf765nqmp735ktskyc4zxuupfspn2xfepyz9d5nczr9fhlf9ev9swr4nsn

You are the corporations exit liquidity.

Like the terminator they don’t stop, they don’t have feelings. They don’t panic sell. They don’t buy yachts.

Replying to Avatar HoloKat

It’s like renaming cents to dollars. Regarded

Sats will naturally become the standard over time

Actually true!!!

Time 0, company X:

10 bitcoin, $100K/bitcoin, diluted shares 100, btc value $1M, mnav 2, $20K/share, btc/share 0.1, 200% btc yield

Buy 1 share for 20K, notionally own 0.1 BTC (note could have bought btc on the market and had 0.2btc)

6 months later company X:

20 bitcoin, $100K/bitcoin, diluted shares 100, btc value $2M, mnav 1, $20K/share, btc/share 0.2

Note company X issued non-common stock (ex. SRTF) so you didn’t get diluted.

Conclusion you didn’t overpay you bought at 1mnav 6months in advance.

Continue this thought experiment. 🤯🤯🤯

nostr:note1vssc5nx4ep29e9r7xkrt7mhh60v4sctnju5n2d259mhuh0yz9uqq32qckr

Actually true!!!

Time 0, company X:

10 bitcoin, $100K/bitcoin, diluted shares 100, btc value $1M, mnav 2, $20K/share, btc/share 0.1, 200% btc yield

Buy 1 share for 20K, notionally own 0.1 BTC (note could have bought btc on the market and had 0.2btc)

6 months later company X:

20 bitcoin, $100K/bitcoin, diluted shares 100, btc value $2M, mnav 1, $20K/share, btc/share 0.2

Note company X issued non-common stock (ex. SRTF) so you didn’t get diluted.

Conclusion you didn’t overpay you bought at 1mnav 6months in advance.

Continue this thought experiment. 🤯🤯🤯

I think the float will get much much thinner over time. So we’ll see big gap ups and downs.

Probably nothing

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Does retail wake up this cycle?

Is unit bias going to keep them out of this?

GM nostr:npub1vktdqqwunms2axujjp7ujqz5vgycfg3p8zdgn68v63nqs38puhksjf5s3g

Thanks for the hard work!

Isn’t is weird how little volatility there is these days…???

Theories?

We is out of bitties. 🤣

I was thinking about this….

The miners will become very valuable for their access to new bitties once the exchanges is out of bitties.

You can lead a horse to water…

nostr:note1pshtae6p8eusmcspy66gagm0h2lm94nnx8zcp78jgsnpkc49lmhq0alr75

Would you tell someone with 10K in credit card debt to stack sats?

I would