The weight I put on what is going to spark the next bear market is shifting from quantum breaking SHA-256 to rumors (whether true or not) that CoinBase has been hypothecating, leading to a small pullback, which kicks off self-perpetuating leverage liquidation of a lot of these Bitcoin treasury companies. Still a 4-year cycle believer.
If you don't believe me or don't get it, I don't have time to try to convince you, sorry. image
I try to not focus too much energy on negative things, but I find it quite concerning that we had a political party that controls all 3 branches of government come in with an agenda of austerity and balancing the budget, which tasks who is possibly the most productive and effective human being alive to trim $2T out of the budget, and he gets so much push back from society and BOTH political parties that he essentially throws in the towel and implies β€œthis place is fucked. We need to get to Mars asap or the human race might cease to exist.”
52/52 image
Sat-cent parody is less than 10x away
There are a handful of real Bitcoiners like @preston that also own MSTR (because that was the closest we could get to the real thing in retirement accounts a couple years ago). However, I see these MSTR die hards that cry and throw temper tantrums every time he hits the atm and reduces the share price, but increases BTC/share. I don’t think these people are Bitcoiners. I think they are here for fiat gains. As long as MNAV is above 1.0, keep the flywheel going. And if MNAV drops below one, I’m probably a strong buyer 🫑
@preston - how much did you pay for those $5000 (pre-split) MSTR calls over a year ago? Curious what your % return was.
Another amazing episode @preston! It may not exist yet, but if anyone knows of a tutorial on how to use Datum to do your own solo mining please send my way. Also - if you like this episode, also listen to @ODELL's parallel episode on @CITADEL DISPATCH
Apple Podcasts
BTC203: Bitcoin Mining Decentralization with the Datum Protocol at Ocean Mining w/ Bitcoin Mechanic and Jason Hughes (Bitcoin Podcast)
Podcast Episode Β· We Study Billionaires - The Investor’s Podcast Network Β· 10/09/2024 Β· 53m
Remember when Russia blew up their own pipeline?
MSN