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kboom ✝️⚑️🟠 🟣
c4f076133f1cb058327a3ed6d27bacbe6f8880179073f7f3eda87093de21dfb4
I like #jesus ✝️, #bitcoin, #nostr and #meat πŸ₯©. Blessed husband and father of 3

Hummm i don't know. Maybe creating and hashtag that people could follow or a comunity that people could join.

You could past info via the hashtag or comunity.

On Amethyst we have the option to create, join or share a community. Then we can post notes.

Not sure if this would workπŸ€”

Replying to Avatar Lyn Alden

GM.

I'm bullish on bitcoin, and I think a lot of people overthink it.

One of my favorite metrics is the market value vs realized value ratio. The realized value is basically just the on-chain cost basis. The value of UTXOs at the dollar price during which they last moved between wallets, which often means the time people pulled them from exchanges or deposited them to exchanges.

A relatively small amount of marginal buying can push up the market value by a lot. Like how if you buy one house on a street, it can boost the estimated price of all houses on that street even though only one of them traded hands. But when market value becomes stretched relative to cost basis, it means that part of the market value is kind of illusory. We don't *really* know what houses on that street are worth if only one of them traded hands recently and thus liquidity was low. Over time, as more houses on that street trade hands and we have more price points, the estimated value of the street becomes more real. The same thing for bitcoin; as more bitcoin trades hands at certain levels, it starts to make that level "real" compared to how real we should consider it when it just touches a certain level for a little while with limited volume.

Right now, bitcoin is at an all-time high in its realized price, i.e. cost basis.

Back when bitcoin was poking over $60k in April 2021, the cost basis for the network was only about $350 billion. Now, at the same market price, the cost basis approaches $650 billion, or more than twice as high. The marginal bitcoin has traded hands and moved between wallets at much higher prices than years ago, even though the market price is about the same. In other words, these levels have been truly liquid and been consummated by the market more than they were back in 2021, and thus the price is more robust at this level than back then.

The launch of the spot ETFs pulled forward some excitement this year, and so we've been in this big consolidation since March. But even in that time period from March to the present, the on-chain cost basis increased from like $520 billion to $640 billion, and so price discovery and progress is being made despite the ongoing price chop.

As the network builds a bigger and more solid base like it has been doing, it can set the stage for the next major breakout. The network looks healthy to me.

GM. Have a great day πŸ«‚.

Replying to Avatar Derek Ross

Just two weeks ago in Nashville, I told nostr:nprofile1qqsyvrp9u6p0mfur9dfdru3d853tx9mdjuhkphxuxgfwmryja7zsvhqppemhxue69uhkummn9ekx7mp0qythwumn8ghj7anfw3hhytnwdaehgu339e3k7mf0qyghwumn8ghj7mn0wd68ytnhd9hx2tch2deau that Amethyst needed share intents, to easily bring content from our phones into Nostr. Now it's a feature! This now mimics what we'd see in every other social media app that exists today, allowing us to easily share content directly and easily. Thank you! https://nostrcheck.me/media/3f770d65d3a764a9c5cb503ae123e62ec7598ad035d836e2a810f3877a745b24/48d551905c28466ef8d1aa6c9f655b8506a54ae3eb5bfbe244737359cc703a2e.webp

Nice. πŸ”₯πŸ”₯πŸ”₯

Replying to Avatar Alby

We love waking up to such feedback πŸ‘‡

nostr:nevent1qvzqqqqqqypzpjphy0fnl2rv3uqmy493mj42qfdjefjexgy4p5zy6gkyrdw3mtefqqsy5d5pkf2cx0tw2r56kjp2pxkv5ga9g0n8emcygsjm3gjtwua2syc67xf0m

But we also love to hear criticism, bug reports, complaints - that's how #Alby grows!

Always let us know, what would you improve with Alby :)

I tried to receive sats from robotsats but I was unable to do so.

I have enough inbound liquidity, my node is online and the health is 100%.

I had to receive the funds to my aqua walket because i kept getting routing issues on robot.

Then from aqua same. Impossible to send.

Generating invoice or sending to my getalby address does not work.

1:30AM would be pretty intense for me especially since i am working after that. The good newsbis that I am mooving to Mexico soon. As soon as my home is sold, I am mooving.

I will be on the same timezome so my wife and myself could participate 😁😁😁.

At least she let me create her nostr account. She needs to use it now.

You should ask him. I gave some to my wife hoping that it could motivate her to learn more about Bitcoin.😁

This is where the fun is. Imagine zaping random notes onchain 😱

Replying to Avatar SoupBox

My Nostr Valley experience in three pictures. I will be writing all about it for the November newsletter, as well as showcasing the first episode of SoupBox, the Nostr foodies podcast!!! I have a special guest who graciously sat down with me as a test subject, and we ended up chatting for 45 minutes!!! I do apologize to everyone I didn't get a chance to sit down with at the Bonfire & Podcast after party, but I promise I will connect with you soon.

A very special thank you to nostr:nprofile1qqs2wguqtndxwfg3j8y8sm6d5k8hjlnfwavzxqf4fw5wjx7tqdpde8qpp4mhxue69uhkummn9ekx7mqpr9mhxue69uhhqatjv9mxjerp9ehx7um5wghxcctwvsq3qamnwvaz7tmwdaehgu3wwa5kueglejxr7 nostr:nprofile1qqsr7acdvhf6we9fch94qwhpy0nza36e3tgrtkpku25ppuu80f69kfqpramhxue69uhkummnw3ez6un9d3shjtnyv4ex26mjdaehxtndv5hsz9mhwden5te0wfjkccte9ehx7um5wghxyctwvshszxthwden5te0wfjkccte9ekk7mt0wd68ytnsd9hxktc79dllq nostr:nprofile1qqsqdzwltpr635ehdzfd52tz947qlhq77x2c7j7yguwep9n258k2nusprdmhxue69uhhw6r9v96zu6rpwpc8jarpwejhym3wvdhj7qgmwaehxw309a6xsetxdaex2um59ehx7um5wgcjucm0d5hsz9thwden5te0wfjkccte9ejxzmt4wvhxjme04jvaud nostr:nprofile1qqsvqa80jxzgc8t54p3eeq4pehmnwg4k3prjlsfqssaz89220j9ht5qpzdmhxue69uhhqatjwpkx2urpvuhx2ue0lvqkag nostr:nprofile1qqs07xqktt77qzzj6jdyuyckexqu0tcpvnqczrqtcrlyr5mpm4720uqpz4mhxue69uhhyetvv9ujumt0wd68ytnsw43qzynhwden5te0wahhgtn4w3ux7tn0dejszxmhwden5te0wfjkccte9e3xjarrda5kuurpwf4jucm0d58cl9dn because without the five of you, this magical weekend would have been a bust. (I am going to give a more detailed thank you to everyone I chatted with in the newsletter, please don't think I forgot about you)

Also please DM me all your Nostr Valley pictures for the community photo album. Or if you want to get on the next episode of SoupBox or contribute something (please note we may need to limit submissions because there is so much happening now)

Also last note, I think nostr:nprofile1qqsrrxknu7gxxnd7smc5mwwzn9djdm3uvg5tu40cn3x8l656esqa2zspzdmhxue69uhhqatjwpkx2urpvuhx2ue0guyv64 did an amazing job for their first panel together. I was kind of dreading watching it, but I am actually happy how it turned out. nostr:nprofile1qqs2spz4wvk4h7ne9uneqydgepcc2vvzjuvegaftnnc3d9s3l7g627qpzpmhxue69uhkummnw3ezumrpdejqz9thwden5te0wfjkccte9ekk7um5wgh8qatzqyd8wumn8ghj7argv4nx7un9wd6zumn0wd68yvfwvdhk6pu5wdd you were a fantastic moderator. Thank you for your time!

Looks like it was a great event