Cryptocurrency: Capturing The Carnage, BTFD!
As all the derivatives, shitcoins, exchanges, and debt unwind, and as Global Fiat happily pours its fuel on the fire via raising yields and QT, solid distributed p2p crypto projects and developing tech on the caliber of Bitcoin, including BTC, will survive to see greener days ahead. As such, both the rational and the insane might do well to DYOR on BTFD. https://www.youtube.com/watch?v=l4v8rLEI4Pg BTFD McAfee GANG! https://www.youtube.com/watch?v=V3QQJ18toPo PANIC SELLER!
https://cryptopotato.com/stop-hodling-start-spending-your-bitcoin-john-mcafe... And make one purchase by the end of the year, of any real world physical good, service, or donation.
Legacy finance is slow, new gigawhales that sat on fence waiting for a reset can't buy in until at least mid-late week. No more major news hit since FTX except AAX, ie re: other big [un]regulated exchanges, stock funds, custody. This carnage is just a deleveraging and wakeup from shitville back into real cryptos... the future is still crypto, and mktcap will inbound, and even more so once privacy-enabled storage-free scale comes online. Base case still $50k, now about 67% to 76% off at the discount store. Only a handful of coins have the potential to serve 20 years or more as a cash money hold-and-use, fewer as a finance protocol too early for that aspect. So while the garbage rollup winds down, DYOR them, check the street, and consider BTFD! https://twitter.com/saylor/status/1590023912163020801 Similar to the Internet... Cryptocurrency is... A Global Revolution Without Violence... for Freedom. It will happen, because Freedom must happen, Humanity now sees and has a path to that, and from the MagnaCarta onward, Humanity won't stop till it gets it. Europe wakes up with a 6% buy in... LatAm about to wake up... https://twitter.com/nayibbukele/status/1591951579930058752 President Nayib Bukele: FTX is the opposite of Bitcoin. Bitcoin protocol was created precisely to prevent Ponzi schemes, bank runs, Enrons, WorldComs, Bernie Madoffs, Sam Bankman-Frieds, bailouts and wealth reassignments. Some understand it, some not yet. https://youtu.be/s85gdET4qfk Kevin O'Leary still crying to Govt, rightly on crap CeFi Corp CBDC stables, and is buying on Monday like all existing players. Bitcoin and Crypto Markets Pop As Binance CEO Publicizes Trade Restoration Fund Gov-Reg being rejected by decentrals and startups for Self-Reg philosophy... OG's and CZ operate, spanking people, moving market back to long mode... FED about to pivot... Zoom out... Market mood already shifting back to BTFD opportunity commentary. Buy when others are fearful... -- Warren Buffet Bitcoin Cash BCH Legal Tender in St. Kitts By March, Prime Minister says.
Dip buyers need to keep their eyes on the prize so they don't get burnt by future FTX wannabe's... https://i.redd.it/1f6d5cv7k00a1.jpg
don't get burnt
Mass exodus of coins from exchanges to self-custody wallets. An unfortunate fact is many will lose their coins in self-custody storage... broken wallets, smashed phones, poor backups, typos, etc... on the plus side, this burn will reduce total coins thus increasing value. Coins locked up off exchanges also thins out order books thus demand over the next run will drive up prices even more. Volatility increases, velocity slows, which doesn't help. Well over 60% haven't moved in ages, hardcore hodlers. Coins in self-custody will also become active in their local communities looking for goods and services to buy and sell with them, more local p2p markets will arise. Adoption happens.
Base case still $50k
$100T global cash equivs (banked and money market, cash, coin, gold, silver) * 10% allocation into / 10 coins (a few dominating each sector) / 20M units each (emulate similar feels) = $50k Conservative, diversification allocation of today's idle cash only. Does not include continued printflation of Fiat, adoption raising the overall allocation, commerce float, coin loss, nor other plays: - $120T bond market allocating in for yield - $325T real estate moving toward NFT shares - stock, derivatives, etc Today: $850B MktCap (with 2 of 10 taking 55%: $16.5k BTC, $1.2k ETH) Discount to base is now somewhere around... - 65% (2.7x on 2, 12x on total cap) Distance to future cap is around... - 12x (10% alloc, single play), to 320x (50% alloc, triple play) McAfee was right, macro doesn't lie... a crypto future will feel like $1M. After the cap moves over and settles in it becomes just another zero sum market a few decades from now. What's in your wallet?
Crypto Sound Money fixes this... https://www.youtube.com/watch?v=-g6gJqFM1is $32T vs BTC https://duckduckgo.com/?iax=videos&ia=videos&q=dave+ramsey+debt All problems recover shortly in time... 1929 Stocks 1940 WWII 1968 JFK 1973 Oil 1986 Challenger 2000 Dotcom 2001 9/11 2008 Housing 2020 COVID 2020 Election 202x Inflation 2022 Stocks 2022 Crypto
Bill Ackman @BillAckman 2h The telephone, the internet, and crypto share one thing in common. Each technology improves on the next in terms of its ability to facilitate fraud. As such, I was initially a crypto skeptic, but after studying some of the more interesting crypto projects, I have come to Nov 20, 2022 · 10:24 PM UTC · Twitter for iPhone 457 859 330 4,859 Bill Ackman @BillAckman 2h believe that crypto can enable the formation of useful businesses and technologies that heretofore could not be created. The ability to issue a token to incentivize participants in a venture is a powerful lever in accessing a global workforce to advance a project. The problem 23 40 12 951 Bill Ackman @BillAckman 2h with crypto is that unethical promoters can create tokens simply to facilitate pump and dump schemes. It may in fact be that the vast majority of crypto coins are used for fraudulent purposes rather than for building legitimate businesses. 18 41 10 842 Bill Ackman @BillAckman 2h Despite crypto’s ability to facilitate fraud, with the benefit of sensible regulation and oversight, crypto technology’s potential for beneficent societal impact may eventually compare with the impact of the telephone and internet on the economy and society. 8 62 13 741 Bill Ackman @BillAckman 2h Initially, I assumed that there is no intrinsic value to any of the tokens and therefore they simply represent a modern-day version of tulip mania without the aesthetic benefits. But after examining a number of interesting crypto projects, I began to 10 30 9 503 Bill Ackman @BillAckman 2h understand how a token could build intrinsic value over time. Two examples may help to explicate my view: @helium created a global Wi-Fi network used by @limebike and others to track devices globally as well as for other uses which benefit by access to global Wi-Fi networks. 106 46 90 561 Bill Ackman @BillAckman 2h Helium’s global network of 974k hotspots was crowd created by individuals who purchased and deployed Helium hotspots to mine HNT, its native token. Customers who wish to use the network must purchase HNT and burn it, ie, remove the ‘consumed’ HNT from its total supply of tokens. 17 23 9 374 Bill Ackman @BillAckman 2h As a result, over time, a two-sided market for HNT develops in which miners buy hotspots and deploy them around the globe to earn tokens. Users, in turn, purchase HNT tokens in order to use the network. The more demand for the network, the more demand for HNT. 6 12 4 295 Bill Ackman @BillAckman 2h Given HNT’s ultimately finite supply, the balance between supply and demand yields a market price which increases or decreases over time along with the success of the Helium Wi-Fi network. As such, HNT becomes a valued commodity whose price is determined by supply and demand. 14 17 5 297 Bill Ackman @BillAckman 2h DIMO collects valuable auto data from data ports in cars. It does so by allowing car owners to mint tokens by capturing data from their own car. The data are valuable for the car owner as well as for auto manufacturers, suppliers, insurers, municipalities, etc. One can envision 3 17 5 264 Bill Ackman @BillAckman 2h a two-sided market for DIMO tokens developing over time where data-users buy and burn tokens that are minted by car owners with DIMO data collection devices. (Disclosure: I am a small investor in DIMO and am uninvolved in Helium.) 6 13 219 Bill Ackman @BillAckman 2h To understand the benefit of crypto-based business models, imagine how difficult it would be to create Helium’s million-node network of global hot spots where each node is placed in a location to optimize the coverage of the network. Helium miners earn more tokens for siting 6 12 2 230 Bill Ackman @BillAckman 2h their nodes where they are most needed as miners earn more tokens the more their node’s signal is demanded by users. Consider the capital investment and time required for Verizon or ATT to create the same network. Consider the regulatory hurdles and international coordination 8 14 3 232 Bill Ackman @BillAckman 2h that would have to be overcome compared with the Helium model. While @Tesla can build DIMO’s dataset for its own cars, how can any other automobile company create a similar dataset for their own vehicles that were manufactured before connectivity and data collection became 1 8 1 194 Bill Ackman @BillAckman 2h feasible. Furthermore, how can any company create a dataset of all cars on the road today? While all cars made since 1996 have OBD (onboard data) ports, other than DIMO’s token-incentivized model, I can’t envision how a company in a non-crypto world can create real-time access 5 10 3 182 Bill Ackman @BillAckman 2h to this data. Disclosure: I am a small direct investor in crypto projects. The other two are @ORIGYNTech and Goldfinch Finance. I am also an investor in seven crypto VC funds and a small investor in companies that help with tax compliance and/or reduce fraud in crypto 8 19 7 228 Bill Ackman @BillAckman 2h i.e., @TaxBit and @trmlabs. In total these investments represent less than 2% of my assets. I invest more as a hobbyist trying to learn than as a careful investor as I minimize the time I spend on non-Pershing Square investments so please don’t rely on my due diligence or 6 11 2 207 Bill Ackman @BillAckman 2h take any of the above as an investment recommendation. All of the above said, I think crypto is here to stay and with proper oversight and regulation, it has the potential to greatly benefit society and grow the global economy. All legitimate participants in the crypto ecosystem 11 32 5 367 Bill Ackman @BillAckman 2h should therefore be highly incentivized to expose and eliminate fraudulent actors as they greatly increase the risk of regulatory intervention that will set back the positive potential impact of crypto for generations. As always I welcome your feedback. 152 16 8 423 Load more
Gold inflates around 1.75% per year excluding privates, BTC BCH is 1.68% and will be publicly under 0.90% in early 2024, decreasing forevermore, same valid even if any of the sub-1% coins are privacy-coins under formal verification or gatekept. Only under ~0.20% is valid for 50+ year lifetime. Everything else is garbage, an external force and fraud eating your life. Global Fiat publicly printed ~50% in the last handful of years. Choose how you allocate your purchasing power to which curves...
BTC, BCH, and a few others are already under all Fiat inflation rates. The magical ~0.20% rate is not that many halvings away. Any competing coins having the minimum set of features required to become an actual money, will seek to match that reality. Among all such are BTFD's.
Global GovBankPols thought they could clown around and shut crypto down, US regulator clowns just spent a few months FUDding and trying that, turns out before even that could backfire on them, their own MMT Keynesian Fiat corruption game collapsed five of their precious banks into rubble, thus creating the biggest online realtime advertisement for Crypto since the Genesis Message and Cyprus, and the entire world just watched it and got a wake up call about the value of sound long term money in hand. BTFD. Pay me later ;)
https://news.bitcoin.com/warren-buffett-backed-nubank-launches-crypto-tradin... Warren Buffet dumps trad banks, buys Brazilian Nubank involved in his favorite so called crypto "gambling tokens". https://twitter.com/yoniassia/status/1646524165569265672 Finally @elonmusk is grabbing the @eToro bull by its horns :) Last chance to hop on for the ride... BTFD. Buy, spend, replace, spread the crypto future. Pay me later ;)
Nothing new... GovPol ops 25-30 channel bound, fast breakout to 34 on pent up demand and joining coin forces ftw, then 34-38, 40-45, base case economics 50, upside from there obvious to macro math. Track the emerging simply cash privacy coins. Cryptocurrency's theoretical philosophy is progressing through its promise of becoming proven objective reality... https://twitter.com/w_s_bitcoin/status/1656651227524939776 https://www.youtube.com/watch?v=LHapnG-hVec Genix: H2O Develop, deploy, choose, and use, your economically sound and privacy coins, BTFD, play crypto loud, P2P around the world, stay agile, and never stop adopting... it's the only way out, and the only path to Human Freedom. Buy, spend, replace, and spread the crypto future. Pay me later ;)
"DailyHODL: Demirors, chief strategy officer CoinShares, major financial institutions $27T AUM entering crypto space... crypto as an asset class is here to stay." $27T conservatively allocated is about a $13k bump to base. BTFD Did the math for you in advance so that you can send me a nice 5% donation from your gains later ;)
The odds of a US based spot physical crypto ETF being approved by the SEC have now reached 90%. The ETF applications are currently for BTC, and ETH perhaps simultaneously, with a handful of other already running OTC CEF's trading far above NAV, and whoever else comes along, later on. BTC is currently thought by many analysts to be priced substantially below a variety of valuation models. Those who haven't yet allocated to and aren't hodling the underlying BTC by then, or as soon as news of an approval hits, they will miss out on a signifigant impulse event, and on further significant remaining gains as BTC either continues to be bought over time, or it begins to be obsoleted by as yet unknown crypto challengers beginning to wage their influence sometime after the current cycle may reach its next projected cycle peak around 2025Q234. Swim at your own risk. And keep an eye out towards genuine challengers. You can thank me for the ride with a nice fat donation from any gains later ;)
Multiple factors, dynamics, and experience are now aligned. Though the required nextgen tech for a truly based wave of Freedom has not yet reached exposure, it will soon appear, be recognized, and begin to shift top positions. In the meantime, the next wave of the current generation of coins has begun. The rocket engines have been lit, uplift has begun, and remaining fence-sitters are now scrambling to make their allocations before the continuous acceleration from global inflows leaves the no-coiners behind. Ever since the Genesis, Cryptocurrency *IS* the future... https://www.youtube.com/watch?v=NNmRZsBKdq8 https://v.redd.it/e5z3vr3oxz3c1 HODL on, and enjoy the ride... https://www.youtube.com/watch?v=ao4RCon11eY Options to pay me later will exist ;)
As with the commerce float and coin loss fractions, pure hodl also effectively removes coins from the cap-into-liquid math. Wood isn't necessarily macro, but like McAfee, is right. https://www.youtube.com/watch?v=6kQLpTO2vKE BTFD. Defi DEX relies not on Humans, not on Regulation, not on Politicians, not on Laws and Enforcement by Theft and Murder, but on open code, math, formal verification, and peace... thus they will win, and all else will be moot.
Entire countries are at home off work chilling with family and friends, and contemplating the key crypto questions... is there Freedom via Crypto, is the bottom in, and should we go for and start moving to adopting and using it. After 13 years and three cycles of growth, humanity is starting to see the light, and the answers to all three questions are very likely to be deemed a resounding yes. Global Market Cap already up over 7% from lows... History may mark the last two weeks as the start of the biggest push yet toward Freedom via Crypto, Financial Sovereignty, Voluntaryism, Separation of Money From State, and more... and Cypherpunks as something to be thankful for indeed. Distributed, privacy-enabled, global, p2p, electronic cash.
https://twitter.com/DocumentingBTC/status/1593981239157223424 Seize the opportunity to use crypto!
https://cryptoslate.com/research-2nd-december-the-15m-bitcoin-just-went-into... Glassnode illiquidity is ~78% of mined BTC ~19M, no spending history ie diamond hands, lost keys, Satoshi, Satlor etc. Rate of change of supply moving to long-term holders is highest in 5 years ie accumulation big time. 900 BTC/day x $17k = $15.3M When net global demand goes back above $16M/d, or production drops to 450 BTC/day, price will go up. Market transitioning to upramps dominating last weeks... Marginal buyers coming back online... BTFD.
Regardless of which cryptos, the global conversations around crypto are all still continuing, growing, and positive... https://twitter.com/saylor/status/1598086196529594368 https://twitter.com/saylor/status/1596972279497621504
Cryptocurrency... that shit takes time... https://www.youtube.com/watch?v=X0BMg_70fo8 1 Coin = 1 Coin Mutually Limited. For all time.
https://i.redd.it/zxcutwxrqe6a1.jpg They will awaken soon https://i.redd.it/4e1rox1sz46a1.png ∞ / 21M BTFD Buckle into your seat belts for the opportunity of a lifetime https://old.reddit.com/r/CryptoCurrency/comments/znwlym/buckle_into_your_sea... We are entering the final phase of the bear market. Those that can flip the switch emotionally will look at this opportunity and load the boat. I’m sure many have seen the cycles chart but those who survive and wait out the next 12-18 months deserve the glory of the bull market. In this chart we are past the panic stage and now heading into anger. Good news is now is the opportunity of a lifetime to plan positions and scale in the next year. For those who missed 2014, 2018 and the black swan event of 2020 March - don’t make an excuse this time, the train is coming back to the station. I was around in 2014 when the sentiment was 10x worse - if bitcoin can survive that it will succeed. 2023 will go down as one of the best years to historically buy crypto and assets. We went from an extreme case of Quantitative Easing (money printer going brrrr) to Quantitative tightening. These affects usually take 12-24 months to filter through the system. Unfortunately the economy isn’t doing well and likely to continue into 2023. We’re not heading for a soft landing - neither is inflation going to the target 2%. The fed is determined to get there - however the many signs point to peak inflation being 9.1% in June 2022 and likely by June 2024 we will be at 3-4% inflation There are three stages of the fed pivot that we are seeing signs of entering : Stage 1 - Slow down of the interest rate hike Stage 2 - Pausing if the interest hikes Stage 3 - Reversal of interest rates Historically unemployment in QT and recessions have hit 5.5-7% and we are currently at 3.7% - we have a long way to go. We started seeing mass layoffs in tech and that will happen for the wider economy. Businesses and consumers are tightening their wallets and this will continue to have an impact The market tends to bottom before the reversal of interest rates - which will likely come after the second half of 2023 at this pace Crypto truly is following its past cycles like a book. This cycle corresponds damn almost perfect to the 2024 halving. The worst thing you can do is leave the bear market and not build positions, you owe it to yourself to stay disciplined and at the very least do nothing. No one can time the bottom however these prices will be deemed “lucky” by those who join in 2025+
https://news.bitcoin.com/us-senator-cryptocurrency-cannot-be-stopped-ftx-col... Can't stop, Won't stop, BTFD.
During the FIFA World Cup Qatar final today crypto ads will be viewed by an estimated 4 billion people Crypto is Freedom Technology. https://twitter.com/saylor/status/1603854873199579144 “Free markets are the most effective tool against human suffering that has ever existed. -- @sfLiberty" Germany Launches First Physically-backed Bitcoin ETN https://10ztalk.com/germany-launches-first-physically-backed-bitcoin-etn/ South African retail giant, Pick n Pay, looks to be accepting Bitcoin https://www.youtube.com/@PacoDeLaIndia https://v.redd.it/uyyl6mdfmn6a1 https://bitcoinmagazine.com/business/coincorner-releases-the-bolt-card-for-b... Nigeria to pass bill legalizing Bitcoin and crypto https://bitcoinmagazine.com/.amp/legal/nigeria-looking-to-legalize-bitcoin https://punchng.com/proposed-cryptocurrency-law-to-define-cbns-roles-reps/ https://www.withinnigeria.com/news/2022/12/19/house-of-reps-moves-to-legalis... Amid Europe’s energy crisis, this Dutch tulip farmer is swapping gas for heat from Bitcoin mining https://www.euronews.com/next/2022/12/14/a-bitcoin-miner-and-tulip-grower-te... Japanese Power Giant Venture Into Bitcoin Mining https://coingape.com/japanese-power-giant-to-mine-bitcoin/ BTFD, Spend, and Replace.
Edward Snowden Offers To Become Twitter's CEO In Exchange For Bitcoin Pay https://moneywreckers.com/edward-snowden-offers-to-become-twitters-ceo-in-ex... Nigerian anti-crypto policy doesn't work. The authorities decided to allow Bitcoin again. Nigeria Looking To Legalize Bitcoin Usage ; (because they can´t stop it ¯\_(ツ)_/¯ ) https://bitcoinmagazine.com/legal/nigeria-looking-to-legalize-bitcoin https://en.wikipedia.org/wiki/Illegal_number "Internet may be just a passing fad as millions give up on it. Net Loss: Two million Britons have logged off the Internet. -- Daily Mail, Dec 5 2000" https://i.redd.it/sr5ol4tciv6a1.jpg
92% of all BTC has already been mined... when demand can only be supplied by existing stock, price go up. Buy, spend, replace, share.
As with #OpenFabs ... #FullyTransparentCryptoEntities will be immensely profitable to the first among them who move to roll out and capture that part of the free market. Millions will move their funds and operations to them, be they brick and mortar, or fully anon permissionless p2p DEX and Defi where open code rules, not the legacy corrupt negligent secretive Kings. The Fried's, Silbert's, Winklevoss' etc whose opaque products have imploded wrecking users will very rightly likely not be among any such entities chosen by market participants. https://www.youtube.com/watch?v=w1vEgbBoz80 Free Markets Bankrupt Skulls
Every Reason Bitcoin Will Not Fail https://safehodl.github.io/failure/ Over the years we’ve heard many reasons why Bitcoin will fail. Bitcoin has been declared dead 396 times yet it continues to grow in market cap, hashpower, and network size. More engineers, investors, and advocates join its ranks everyday. Yet each wave of adoption brings people who argue why Bitcoin will fail. To address all doubts, including my own, I have created this list of every single argument against Bitcoin.
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