Youngstown, Ohio local news reports, “There will only be 21 million bitcoin mined. There are 56 million millionaires around the world. If every one of them wanted to own a full bitcoin, they couldn’t.”
Exactly 15 years ago today when Bitcoin was trading at $15, Hal Finney said:
"Every day that goes by and Bitcoin hasn't collapsed…increases the chance of Bitcoin's eventual success and justifies a higher price."
In bear markets you absolutely just do not buy this type of trash.
That's like the golden rule for bear markets in crypto. It kinda blows my mind that someone with so much experience is so openly doing this.
HYPE technically isn't that bad but....it was so hot when he bought it and just had a massive run - times like this are when you are looking for exits, not entries.
This very much gives the impression that David got lucky buying and holding a lot of ETH early and doesn't actually know how to navigate these markets at all.
Capital preservation in a bear market is of paramount importance. You just don't buy like this in bears.
You wait for BTC bottoming structures (wait for months/years) and you either DCA or unload the truck at a black swan.
Then you cross fingers and wait for BTC to move up. As it does, you can extend down the risk curve as BTC moving up is confirmation of a bullish market with upward momentum.
Then you can trade alts with small leverage for quick trades or you can either add fresh capital/sell some of the BTC that's in profit to buy select alts that look like runners with longevity - like SOL last cycle, then HYPE last cycle and probably this cycle.
I honestly thought everyone knew this?
LATEST: More than half of all $BTC in circulation is now held at an unrealized loss, a signal that has coincided with every major bear market bottom in history.
Good evening.
I’m getting a lot of questions about whether my conviction has been impaired or my thesis has changed about Bitcoin with its recent price weakness. The answer is an emphatic no. Why? Because I like to keep it simple and focus on first principles. While other assets are enjoying the warmth of the hot ball of money, Bitcoin will simply continue to reflect the debasement of all government sponsored currencies over the long run. Nothing more. Nothing less. Hope this helps.
Have a great night.
Capital markets are funding the AI buildout at historic scale: ~$400B over 6 months. Bitcoin ETFs have seen ~$4B of outflows since May 14, pressuring $BTC. This is a capital rotation, not a Bitcoin impairment. Volatility creates opportunity.
All you have to do is wait until October 6th this year and buy $BTC.
It’s amazing how many people still try to overthink an asset that has spent years following a remarkably consistent 4-year cycle.
Bitcoin is the matrix. The code is right there in front of everyone.
Jim Cramer just called everyone who owns crypto "an idiot."
Said he sold his. Said he'd never touch it again.
The last time Cramer called the Bitcoin bottom, it ran from sub-70K to 126K.
He's done it again. 👇
In a few months profits will temporarily flow out of TradFi (cool off phase after IPOs).
People will want to know where to put their money because everything already went up so much.
And there Bitcoin will be, ready to begin the next four year cycle.
I’m not 100% allocated to Kaspa but I’m very heavily in Kaspa. My conviction is extremely strong with Kaspa (obviously otherwise I would be heavy in it) but I’m not this heavily into Kaspa just because I want to make a good return (of course I do but it’s not my primary reason)
My main reason for being this much in Kaspa is because I can see exactly the direction this world is going and it’s not necessarily something I’m looking forward to, especially for my kids. I want a network that can allow us to step out of a heavily centralised system when we need to. For me Kaspa is the only network that can allow this at speed.
Being heavy in both Kaspa and Bitcoin is me taking part in this peaceful revolution. I’ve never liked people telling me what I can and can’t do outside of common law, especially people that don’t even know me. I am my own man, I am disciplined and know what is good for me and my family and I try my hardest to look at the bigger picture understanding to control my vices for the betterment of society which in turn helps to have a better future for my kids.
If Kaspa went to $0, I really don’t believe it will but if it did, I fully accept my fiat loss because it was worth it to try and win this peaceful revolution.
The beauty of Kaspa is that the very reason I love it might not be the same reason someone else loves it. That’s how you know you have a truly useful neutral layer.
I’ll be honest, I never thought we would see Kaspa at these lows again but I am personally grateful for them. I remember when I first got in at 2.5 cents thinking “I wish I bought more” well my prayers have pretty much been answered.
Do what you feel is right for you but I’ve never been more grateful for Kaspa as I am now.
Brain dump over lol
$KAS
While I think BTC bottoms in Q4 2026, the time to start accumulating BTC is often after the drop into the summer.
I basically just ignore Bitcoin for the first half of midterm years, then look for deals in the second half.
You do not have to time bottoms exactly to make money
ETH looks to be bottoming out against BTC which paradoxically is extremely bullish for BTC in the near term. The Bankless guys who cried on a live podcast a few years ago finally capitulated. The bear market is officially over. The next few years should be fantastic for crypto.
It is really hard to be optimistic on anything denominated in Bitcoin.
A single stock (Micron) grew by $200 billion today alone.
A single stock (Nvidia) is worth $5.2 trillion.
SpaceX will IPO close to $2 trillion.
NASDAQ is now higher against money supply than it was in the dot-com bubble.
S&P 500 in gold is rolling over. Only three times since 1900. One was the Great Depression, one was the Great Financial Crisis of 2008, third was the crash in the 1980s.
Close to 40% of the S&P 500 is in 10 companies.
If Bitcoin becomes 1% of the world by 2040 (and the world inflates at 7% per year) that is $1,405,000 per Bitcoin.
Long term Bitcoin should eclipse everything else, just as the internet eclipsed everything else.
HARVARD ACABA DE CONFIRMAR LO QUE LOS MAESTROS DE HÁBITOS LLEVAN DÉCADAS REPITIENDO.
No fuerza de voluntad.
No motivación infinita.
No disciplina militar.
Solo neurociencia sobre cómo funciona realmente tu cerebro.
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