@PabloCamPiq@larazon_es@vox_es Pablo, eres muy crack por lo que haces, en serio, llevo años siguiéndote. Pero me temo que VOX es otro vendido del enemigo número de España, o sea, Marruecos, a través de su amistad inexplicable y sin sentido con Israel.
So here’s the issue you get influencers like this guy have a quarter million followers and they claim they don’t know why it is declining… it’s because they don’t understand basic mechanics of price discovery.
They don’t understand that the marginal buyers or the float determines price they think the onchain bitcoin is that is the price discovery
Well, it was once upon a time but now..
Once you can synthetically manufacture the supply, the asset is no longer scarce and once scarcity is gone, price becomes a derivatives game, not a supply-and-demand market.
This is exactly what has happened to Bitcoin.
This is the same structural break that occurred in gold, silver, oil, and eventually equities once they became derivatives-dominated.
The original premise that no longer exists
Bitcoin’s entire valuation logic was built on finite supply (21M) and inability to be rehypothecated.
That died the moment:
•Cash-settled futures
•Perpetual swaps
•Options
•ETFs
•Prime broker lending
•Wrapped BTC
•Total return swaps
were layered on top of the chain.
From that moment forward:
Bitcoin supply became theoretically infinite.
Not on-chain in price discovery.
The metric that explains the collapse
Synthetic Float Ratio (SFR)
Once you can synthetically manufacture the supply, the asset is no longer scarce — and once scarcity is gone, price becomes a derivatives game, not a supply-and-demand market.
That is exactly what has happened to Bitcoin.
This is the same structural break that occurred in gold, silver, oil, and eventually equities once they became derivatives-dominated.
Why Wall Street can now “trade against” Bitcoin
They do exactly what they’ve done in every commodity market:
1.Create unlimited paper BTC
2.Short into rallies
3.Force liquidations
4.Cover lower
5.Repeat
They are not “betting” — they are manufacturing inventory.
The same 1 BTC can now support:
•An ETF unit
•A futures contract
•A perpetual swap
•An options delta
•A broker loan
•A structured note
All at once.
That is six claims on one coin.
That is not a market.
That is a fractional reserve price system.
Nos distraemos con las noticias del día, pero ¿tu economía está en orden? Ningún político va a venir a salvarte... Tienes que aprender sobre dinero; ahorro, inversión, especulación, diversificación, emprendimiento... ¡vienen malos tiempos para los que sólo saben gastar un sueldo! ¡Despierta!
@datadicto_es En vez de hacer referencia solo a esa década, hablad de todos los históricos desde que hay registros para ver el comportamiento. De otra forma, esto es solo información parcial
@wish_or_truth Yo le seguía dese hace años, y tengo varios de sus libros. Pero está muy sesgado en temas como este, o en defender a muerte a Milei - una persona liberal no se casa con nadie, y debe exponer datos para construir argumentos. Él dejó eso de lado..
@EP_Data Datos desglosada dos ayudarían. Cuántos empleos públicos, cuantos fijos discontinuos, etc. Estamos siempre con datos maquillados y poca transparencia
@FernandoRod_07 No seré yo quien defienda la inmigración.
Pero si a una PYME con 6 empleados que cada uno cobra mil, por hacerlo fácil- si sube a 1.200, el empresario quizá no se lo pueda permitir y tendrá que despedir a uno para seguir pagando 6mil a final de mes..