I attrribute my success to a little luck and a lot of Nostr obsession π
Nah, an invoice should only be payable once. This is fine.
Some Alpha: Biden lifted the COVID state of emergency so that it's more impactful when the next state of emergency drops.
We can add:
- shitcoiners want your Bitcoin and you better believe that's what they're buying with your money
- tradooors will pump your bags once you and everyone else who's gets it has sucked up the supply and price starts to drift up
It takes a while for the price thing to click into place but here it is as I understand it:
- Bitcoin pumps are advertisement
- pumps happen because best monetary properties ever, but also:
1. Finite supply
2. Supply not responsive to demand
3. Self fulfilling
- halvings make Bitcoin scarcer
- price crash after a pump means that:
1. people can buy 4x more (now cheap)
2. whales who sold the top can buy 4x more
3. 10x more people are now interested in Bitcoin
And so on forever, no matter the price and cycle were talking about.
And not only that, but imagine that demand is very low in one bear market so:
- Bitcoin price drops 10-20% more?
- stays there 2 or 3 times longer?
Then what? Sooner it later t's back to business as usual, as per above.
The only way is up, baby.
Does China and its worldwide web of dollar agents have the ability run even JP Morgan? A sudden flood of withdrawals by these agents could collapse even the largest banks. A kind of monetary sneak attack, which would force the Fed to expand its balance sheet by several multiples. SVB may have been the training exercise for the big one. A must listen episode.
https://twitter.com/bitcoinaudible/status/1643778707310497792?s=46&t=3rizn-Qv7iVctiOSqlWynQ
This episode is a must listen.
Bookmarked it. Ty β‘
I know. I just mean it hurts to hear it, but seems true. For now at least.
This response feels like a gut punch. But yeah, for now at least.
The profile photo and the tweet fit together so well.
This person needs help.
Imagine if only the people who earn $1,000,000 could decide the taxes on people who earn $1,000,000.
Ok, now you understand why Bitcoin will never have more than 21M coins. Incentives.
It's not complicated.
"still alive mofos!" - Bitcoin
π
We only dump when people like Tina and Capo buy back in