We all want to be richer tomorrow But if you want to be even richer the day after tomorrow multi-months consolidation is the best way #Bitcoin
At least for a day you get to enjoy using iPhone instead of Android until Apple also figure it out and starts banning self custodial wallets Hope it lasts for at least two days
You know how boomers brag about buying houses for $100k back in the days Well you got an opportunity to buy #Bitcoin for $100k so you can brag when you age Don’t miss the opportunity
Why is mNAV of Bitcoin treasury companies important, but not in the way you think it is? Individual human actions are unpredictable by definition. However, actions of groups of individuals are much easier to predict and it shows in typical and cyclical market cycles. image Hyped retail investors will jump on a band wagon of a random Bitcoin treasury company without understanding the fundamentals of market forces. They'll buy a stock of a company that trades at ridiculous mNAV hoping to ride the wave on a thrill and euphoria but without understanding that MARKET FORCES WILL ALWATS ACHIEVE NATURAL EQUILIBRIUM WITH TIME. As time progresses the mNAV of any Bitcoin treasury company will always trend towards one plus free cash flow the company is able to attain from regular operating business (if it has one and if it is profitable). But, this is not easy to understand because we are psychologically wired to fall under the influence of our emotions and we need to "keep up with Joneses". Don't fall for it. The underlaying value of any of these companies is the value of Bitcoin, so for most people it is much safer and easier to invest in Bitcoin instead of hyped Bitcoin treasury company. Let me give an example. Metaplanet stock has plummeted since June by more that 50% while Bitcoin is at the same level it has been in June as is on a verge to break out. So, if you invested in #3350 only two months ago, just because you favorite influencer or podcaster shilled it (for which they are probably paid) you have lost 50% of your capital. Sure you could have made 20x if you invested in Metaplanet in October 2024 but why didn't you? Because there was no hype that you could notice so the opportunity is missed. image Thank you for the attention to this matter and have a great day!
"To temper with nation's money is to tamper with every economic aspect of people's lives: earnings, savings, how much one pays in nominal terms for every purchase made. When money is manipulated at will by politicians, it always leads to chaos, unemployment and political upheaval. For this reason it is imperative that we identify money that cannot be abused, that prohibits inflation and allows responsible working citizens to prosper." -- Mark Spitznagel
The main reason so many knowledgeable people do not understand #Bitcoin is because they are looking at it from a position grounded in the current system. A species living on two dimensional surface can not understand three dimensional world no matter how hard they try, it's simply impossible. One needs to let go off all the rules and principles that their mind is govern with to be able to truly see the new paradigm
In the age when every ape has a platform to spread his ape-like ideas and opinions, books have become real treasure