Thread

He needs to reduce his time pteference.

Now THAT'S a risky move!

He’s right. It’s probably better to buy again once bitcoin falls below $50-55k.

Good luck with that.

Left out the part about Coretards.

"risk of quantum computing" 😂 NGMI If quantum is a risk to bitcoin it's a risk to everything that depends on cryptography, including online commerce, banking, finance, and communication.

Podcast bros revealed as paper hands

Bitcoin Tina all over again lol

... all reasonable observations. With regard to "watching what Tether's doing", however, I strongly suspect he's referring only to Tether accumulating gold more so than bitcoin. I seriously wonder if he's even aware that Tether has an obligation to hold gold vis a vis their issuance of Tether-Gold tokens (which, in relative terms, has recently exploded). That is, I see Tether's efforts to focus more on acumulating gold as anticipation of a growing gold token business rather than necessarily projecting gold to appreciate more than bitcoin.

What is the actual risk that quantum computing poses? If anyone is familiar? Brute forcing seed phrases? Mining every block? Or like something else? I don't think it's a risk for a long time, unless of course if it's the sole reason for all the research China is putting into quantum computing. If that was the case I'd be worried.

Personally I think this is a big contributor to why OG bitcoiners are cashing out. A lot of them also never really had a chance to spend their wealth before, it wasn't just about price, it was about what you could spend it on, adoption is still slow, but swapping it for other currencies has become easy, so that's obviously what they need to do to spend it. Imagine holding since it was under $0.05, having hundreds of Bitcoin. Not really being able to spend it on anything this entire time, obviously you're going to dump some I'm exchange for a different currency you can actually spend. Idiots say store of value before means of exchange because they're stupid.

I remember Luke also talking about peak cheap oil three or four years ago and it's been going down in price ever since....

I like the appeal to “I’ve been in the market for 30 years” as if that tells me all I need to know about him being an expert. Dude, that tells me you know everything there is to know about fiat business cycles, which means you know nothing about actual money.

These macro fortune tellers are worthless

What a loser. Massive paper hands

Step 1 : start finance bro yt channel Step 2 : wear suit, cosplay being a "serious people" Step 3 : wait for Jaimie Demon to slide a briefcase full of cash under the table and say whatever he wants Rinse and repeat. Yachts. Bikinis. Martinis.

No Quantum computer is as good at real world applicable math as even the average fifth grader. They can’t factor a random TWO digit number and show no evidence of effectively scaling error corrected logical qubits 📄.pdf

How’d that work out for Doomberg?

We’ve seen this movie before… View quoted note →

lettuce handed statist cuck

Very ironic because Bitcoin will be the empirical proof to falsify quantum computing. You have been warned. Bitcoin is the object and study of time. Tick tock next block. View quoted note →

The reason bitcoin will substantially increase in price is political. The OG’s don’t understand this, the chartboys don’t understand this, and the quantum computer apocalypse people don’t understand this. I’m sorry, but the quantum computer people are to me as credible as the fusion-reactor-in-two-years people. I hodl in peace.

Signs of buying...

bro astrology

He reminds of Bitcoin Tina that sold at 20k end of 2022. This is will age badly. Possibly a bottom signal What a loser. Cc @HODL View quoted note →

Luke Gromen is a 🐱