how is the new york times doing hit pieces on @jespow and @brian_armstrong and a softball piece on SBF
juthica
3,475 posts
juthica
@juthica
bitcoin / trading / derivatives. make monetary sovereignty fun again.
Joined June 2008
- people are afraid to buy the dip at $51k but still think they'd have bought bitcoin at $10 in 2011
- XRP is a case study in the fact that a cryptocurrency need not have a fundamental use case or provide any value whatsoever so long as you have strong bag holders, retail to dump on, and incompetent regulators
- money laundering remains most effective through USD-mixing service HSBC
- a bitcoin ETF is too risky but can I interest you in options on levered oil ETFs
- you either die a blockchain enthusiast or live long enough to see yourself become a bitcoin maxi
- wonder if bitcoin just doesn’t mesh well with large egos because people who are used to exerting a disproportionate amount of power and influence can’t do it with bitcoin
- a nation state made bitcoin legal tender this week, nobody cares if you can buy a model S with bitcoin or not
- every time bitcoin hits $50k again its market cap is a little bit higher
- we all stand on the shoulders of someone who introduced us to bitcoin
- step 1: be public company step 2: buy bitcoin step 3: announce purchase of bitcoin step 4: profit
- new institutional playbook 1: spread bitcoin FUD 2: buy dip 3: announce purchase 4: set new price target 5: profit
- microstrategy is what 3ac looks like with less leverage and less defi
- bitcoin $40k on the way up in jan, vol ~150 bitcoin $40k on the way down in may, vol ~130 bitcoin $40k today, vol ~85