Bull markets can be more strenuous and disorienting than bear markets. Tread lightly, don't do anything stupid, don't lose your mind, and try your best to remain calm and focused. It's relatively easy to "stay humble and stack sats" in a bear market. It's harder in the bull, especially the first part. That said, don't forget to take care of yourself and make sure to enjoy the ride.

Grateful to be on this journey with ya'll.

Amazing thing about bitcoin is the company can claim to have gotten into an unfortunate boating accident and lost its keys.

Apple, Berkshire hathaway don't have such a defence. The bank account/ assets get frozen and taken.

Yeah its very unlikely government go after companies, untill something as crazy like this actually happens. No boating accident will protect apple, buffet.

Bitcoin is cool 😎

Since y'all are on this topic of risk curve, my question is if you have MSTR in a brokerage and want to take a margin loans at 10% to repair a car or something, what amount of margin is acceptable and still stay on the safe side of Caitlin Long's "a fool and his levered bitcoin are soon parted".

Brokerage Rule is 35% of account collateral.

I'm thinking I need to stay above 35% in the worse drawdown scenario which would be 80%.

So if I have (10,000 -80%*10,000)* (1-0.35) I can borrow 65% of $2000 or $1300.

Does this make me a fool since this MSTR is leveraged Bitcoin already. I suppose drawdown could be worse than 80%.

What does any of it mean Jake. Ultimately.

Here’s what it doesn’t mean. That the guberment is going to confiscate the property of a public company.

Why not just take Buffetts cash right now? Or Apple cash reserves?

Steal that cash & then acquire some BTC? Pay down their debt?

Wait until the stock splits again at $2,000 & then again at $2,000 & then again at $2,000.

Then maybe (maybe) your retarded question will gain some traction.

The amount of Bitcoin required & the level of risk is still far too great for my liking.

I'm being reminded that being early can feel like being wrong & that I should be patient.

I'm waiting for 1 of 2 things to occur:

- The value of Bitcoin to increase exponentially & significantly reduce the amount of sats exposed for the loan.

- The recognition of Bitcoin as pristine collateral in traditional finance. Saylor is doing wonders for this in tradfi.

Both are inevitable & I also see both occurring sometime in the next 3 years. $1M Bitcoin this Epoch now feels bearish to me, rather than hopeful.

lil rant: am I the only one who thinks that NOSTR sorta gained steam at the wrong time?

I know Jack was a big part of the early onboarding back in Q4 2022, but something tells me if it all came together just a bit earlier in the 2021-2022 censorship crisis w/ Jan 6th, trucker protests, etc - NOSTR would be EXPONENTIALLY more complete on a software + UX perspective by now than it actually is today.

the use case for the average person is just not that obvious or impactful in an environment that isn't hostile towards free speech, which Twitter/X isn't at the moment.

and even if it were to become gradually worse, the benefits of using a centralized platform for free speech (like hosting videos natively) vastly outweighs the difficulty it takes to execute the same speech on this one

(maybe I'm shouting into the wind, but I thought it'd be worth posting since I can never delete the thought on NOSTR even if I wanted to, the same way I can't delete the thought from my head 😂)

Joe Biden pardons his son.

Long live democracy and separation of powers, next time vote harder

😂!

I live off solar, the EMFs are probably wild, spray foam insulated to the max. we will see how long I live