Good day!

This is #InkblotArt, the note that zaps you for your imagination!

Today is October 26, 2023. Block height of 813896

HOW TO EARN SATS ON INKBLOTART

100 sats for a note telling me what you envision.

200 sats for including my hashtags in your comments.

ONE COMMENT ONLY PLEASE, MULTIPLE COMMENTS WON'T RECEIVE ZAPS.

Everyday is fresh art and the rewards for old art don't exist. Always comment on the fresh art, please.

Want to share InkblotArt to other social media networks? (This opportunity ends on the last day of November.)

500 sats for proof of post (screenshots, no links to other social media.) Don't SPAM.

!!!ONE!!! post to a single network of your choice, per day. (Reddit, Facebook, X, Instagram, Pinterest, gab, truth social, plus other sites you think Bitcoiners may be!)

More newcomers are arriving and spreading the InkblotArt notes, hence the need to adjust rewards.

COMMENT USING WORDS NOT EMOJIS.

#GrowNostr #OnlyOnNostr #GrowArtstr #InkblotArt

Good day!

This is #InkblotArt, the note that zaps you for your imagination!

Today is October 26, 2023. Block height of 813896

HOW TO EARN SATS ON INKBLOTART

100 sats for a note telling me what you envision.

200 sats for including my hashtags in your comments.

ONE COMMENT ONLY PLEASE, MULTIPLE COMMENTS WON'T RECEIVE ZAPS.

Everyday is fresh art and the rewards for old art don't exist. Always comment on the fresh art, please.

Want to share InkblotArt to other social media networks? (This opportunity ends on the last day of November.)

500 sats for proof of post (screenshots, no links to other social media.) Don't SPAM.

!!!ONE!!! post to a single network of your choice, per day. (Reddit, Facebook, X, Instagram, Pinterest, gab, truth social, plus other sites you think Bitcoiners may be!)

More newcomers are arriving and spreading the InkblotArt notes, hence the need to adjust rewards.

COMMENT USING WORDS NOT EMOJIS.

#GrowNostr #OnlyOnNostr #GrowArtstr #InkblotArt

Good day!

This is #InkblotArt, the note that zaps you for your imagination!

Today is October 26, 2023. Block height of 813896

HOW TO EARN SATS ON INKBLOTART

100 sats for a note telling me what you envision.

200 sats for including my hashtags in your comments.

ONE COMMENT ONLY PLEASE, MULTIPLE COMMENTS WON'T RECEIVE ZAPS.

Everyday is fresh art and the rewards for old art don't exist. Always comment on the fresh art, please.

Want to share InkblotArt to other social media networks? (This opportunity ends on the last day of November.)

500 sats for proof of post (screenshots, no links to other social media.) Don't SPAM.

!!!ONE!!! post to a single network of your choice, per day. (Reddit, Facebook, X, Instagram, Pinterest, gab, truth social, plus other sites you think Bitcoiners may be!)

More newcomers are arriving and spreading the InkblotArt notes, hence the need to adjust rewards.

COMMENT USING WORDS NOT EMOJIS.

#GrowNostr #OnlyOnNostr #GrowArtstr #InkblotArt

I'm Late! Where are my keys?

Another example of chalk pastel with water. I would spritz the chalk pastel and the dust would adhere to the paper. The pastel also sheds more pigment if it's a bit wet. I used hairspray as a fixative to hold it all together.

This one depicts a hurried human being with blue legs. There a flurry of motion as this person is trying to get out the door.

Well said!

-Followed

🫡⚡️

Ok, I've been doing some math, and my mind is officially blown. I don't think any of us are bullish enough on #BTC   . Let's dive in. 👇

Monday's $3,000 BTC candle was a sign of what's to come. Several sources of demand converged onto BTC in a short window of time and caused the price to break out to its highest level in 15 months.

The known sources of estimated demand are:

- Daily buying pressure of $25m per day who soak up the daily issuance of new coins hitting the market.

- Market makers who were short futures and needed to own spot BTC to remain delta neutral. They represented $250m in shorts liquidated (aka rekt).

- $43m in demand from the likes of BlackRock, Fidelity and the gang seeding their spot ETFs.

All together that comes to $325m of demand which pushed price up $3,000 per BTC. The market cap of Bitcoin increased by $63 billion dollars from a few hundred million invested. The multiplier on that is 193x! That means that BTC's market cap increases by $193 for ever $1 invested in the coin. I have heard people talking about this multiplier effect, but it doesn't hit home until you run the numbers yourself.

Now, for the fun part. 👇

Blackrock estimates that $200 billion dollars will flow into Bitcoin from Blackrock's iShares ETF (ticker iBTC) and others in the first 3 years. That amount of demand, if spread evenly over 3 years would come to $183m per day excluding all other sources of demand. Multiply $183m by 193 and the Bitcoin market cap grows by $35 billion dollars per day. In terms of price, that would be about $1700 of price appreciation per BTC, per day. After 3 years, the BTC price would be over $2,000,000 from spot ETF demand alone.

The really mind-boggling part is that I excluded everything else that would also be bullish for BTC. Daily buying pressure could be far greater than what will come from the ETFs. I haven't accounted for the halving, nor the demand from sources other than the ETFs, nor the next nation state(s) to adopt BTC, nor the FOMO from retail investors, nor the next class of Bitcoiners from all walks of life.

Bitcoiners are known to be bullish. But most of us are nowhere near bullish enough.

#Bitcoin #Hodl #Reddit #Plebchain

Found some EUR in one of my accounts and instantly did a forex to BTC. I'm 295,386 sats closer to my 100,000 coins stacking goal. Saylor, I'm catching up bruh! 🤣 #slamstacker