Good to be back, fellas. 😂
Spoiler: there was a lot of stuff that kept a face melting bull run from manifesting in the next three months.
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Are cycles still a thing? At this point I’m not sure.
Most social media content has no value.
What’s the 70-year inflation rate on bricks?
There is such selling resistance after any upward rip. We flew through 98,000 and the suddenly there was a huge wave of sells at 98,250. Completely manipulated market. Price suppression by major players.
See … we need NGU so that more people can accept below market compensation.
The Fed is a private institution, not affiliated with the United States other than it has been given the authority to create dollars
I think bitcoin’s price action is because the Fed has been buying a couple/few dozen billions worth of treasuries each of the last few days.
But look over there and not over here.
This is a natural progression for bitcoin. If bitcoin is going to act like “money” if it is “fuck you” money … perfect property rights, then a major method of monetizing that property is using it as collateral. Obviously it is riskier at this stage than it will be later but equity costs are 20%+ for small ventures.
Prudent use of leverage using bitcoin as collateral is 100% legit. Finding opportunities that will safely deliver 20%+ returns will be challenging, though.
It’s irrelevant to anyone living today. There is no reason that an end coming after another 400M years requires investment today.
Zero. It’s 100% alarmism and aimed to justified continued government spending on his ventures.
//alarmism!!!
“Give me more fiat $$$.” -Musk
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Our guy!
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164,362.5 newly issued bitcoin per year.
OVERPLAYED: the concept of “diminishing returns” in bitcoin price appreciation
When capital allocators, working on behalf of thousands or millions of people start buying bitcoin, the effect will be greater in magnitude and velocity than individuals buying bitcoin in retail markets.
Short term supply is trending down…tick tock.
The class of 2021 hasn’t been rewarded for our hodling through the longest bear market in Bitcoin’s history.
I’ve started to use Velos to replace alcohol. A little discouraging to hear that I might not being doing as much good as I had hoped.