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BoomTown
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scarcity requires trade-offs.

I think this is the critical question. How much time do they have to settle purchases? And with what frequency are they settling?

Of course they want to smooth the volume profile as much as possible but that would lead to disconnects between spot price and actual cost basis.

Is there any good market analysis from today shared over on Xitter that we can bring over here?

Hey shorts, y’all bout done? Or do you enjoy misallocating capital? The only shorts out there today are acting on behalf of government actors. nostr:note1cex8fvmxfzvze04pcjvujxx9cyfa607l722dtu7zldfljfm5xldsr4g274

My reaction to the shorts fighting absolute scarcity this morning…

https://giphy.com/gifs/schittscreek-schittscreek-pop-eugenelevy-comedy-l0Ex33YvFIfFJU0uc

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Live shot of the bitcoin ETFs launching during a budding bull market.

That’s one reason why bitcoin >> gold

Asia tried to short it … next up the Middle East.

Shorts are fighting hard but losing considerable ground. When will we see the bullish kill shot?

Asia is now waking up and getting into the office …

9:30a ET January 11, 2024 … epic green candle on the open.

Watching Clark Moody’s dashboard … the shorts are trying SO hard right now. Send it.

Replying to Avatar Derek Ross

nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze has hit 1 Eh/s! Hopefully we hit another block soon.

At that hash rate in the pool and current network hashrate, the expected block discovery for a year is around 100 blocks?

(Pre-)Live feed of bitcoin market at 4:30p ET today.

Bitcoin also hasn’t been mentioned much in the WSJ … whenever bitcoin is mentioned, bitcoin is always in the context of “crypto” … definitely feels like there is an organized effort to keep bitcoin off the radar of retail.

No mention of bitcoin in the drudge headline…

The world is short independent thinkers.

It was even better than I could have hoped!

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