Joth

Crypto & Culture Thought Student | All Things NFT | Reflective Insights on Digital Assets | @Labyr1nthhh_

[Joth @JothXBT]

125k..?

[Joth @JothXBT]

Not again...

[Joth @JothXBT]

I survived the luna blowup so that I don't get caught up in the strc/mstr blowup

[Joth @JothXBT]

@crypto_condom CT has this bad habit of over exalting self autonomy but not realising that like a healthy diet, you need a balance of everything outside of this bubble.
Work offers some perspective and balance if it's approached from a pragmatic point

[Joth @JothXBT]

Crypto bros has had many opportunities to learn that low float high fdv only goes one way on tge.

Equity bros is in for the first inning

[Joth @JothXBT]

There's a talking head about how the money supply is now evident on the streets through the lavish display of wealth by the select few observing F1 Monaco and Knicks finals ticket.

Reality is that we have had uncontrollable amount of money printing the past few decades, more now than ever. Bitcoin was supposed to be the hedge of this hyperinflation.

The return of roots and narrative for this is imperative as the gulf continues to widen, people sought to find the neutralising factor to bridge the two distance

[Joth @JothXBT]

Everyone can see the effects of the money printing but we have been so slow in creating policies to curb inequality.

For a long time Bitcoin was supposed to be said hedge for poor monetary governance and all we have now is another vessel to move funds (AI) to keep this excuse to print more money

[Joth @JothXBT]

@ahboyash You mean with all this you're telling me Bitcoin isn't 0 yet?

[Joth @JothXBT]

It's not a bull market in that everything that's crypto related gets liquidity in flow like the meme/AI/NFT szn.

However to say the space is dead, one has to look back at the bear markets of previous cycle where there were no liquidity, no pocket of coins that had any sense of growth.

This feels worse because the space has matured and fragmented so much that there are far too many information, too much noise

[Joth @JothXBT]

@0xFreeLunch @0xQuit @coffeedev @mfigge I understand the gesture;

However as a perma NFT bull, aren't you technically 'investing' in future gains..

[Joth @JothXBT]

AI cannot hack Bitcoin

[Joth @JothXBT]

In hindsight, if 10/10 did not happen, there can be an alternate scenario where btc could have rebounded and pushed past $125k as an ATH.

As it stands, we were crippled as an industry that has been starved for liquidity by that event, and whilst this current liquidity vacuum due to the capital rotation is valid, what's also valid is that our drawdowns will be different from previous cycles (not 70-90% drawdowns).

There will be a line in the sand after the clarification of the fundamental issues (Quantum) is cleared where BTC prices becomes attractive due to it's network effect

[Joth @JothXBT]

125k..?

[Joth @JothXBT]

@heart_ and now your apartment is worth $50,000,000

[Joth @JothXBT]

@saylor You could just say

"Steady lads, deploying capital" and all will be swell.

[Joth @JothXBT]

@dtrain22k This is like all the trenchers tying their memecoin with a big narrative

[Joth @JothXBT]

In this crypto flush down, I'm looking for OG btc traders to come back to the space as price starts coming into the value zone. That's one of the tenet of a btc bottom signal for this cycle.

[Joth @JothXBT]

@jdorman81 Perps were frontrunning the run up
Institutional frontrunning the sell down

The lack of long term buyer with size at the moment is the issue and any of these bounces will be shortlived

[Joth @JothXBT]

Whilst it rhymes, no two blow ups will be the same.

STRC has more instrumentation to prevent the same FTX fate, not to mention when FTX happened, public was largely unaware of it.

Can they blow up? Certainly. However, the concern will be things that public are less privy to where market hasn't truly priced in those events

[Joth @JothXBT]

Entire Crypto Market Cap - $2T
SpaceX IPO - ~$1.2T

There is a liquidity vacuum in the space. Sure, Saylor has been largely painted as the villain right now, however, there's a just a whirlpool of liquidity crisis that was exacerbated firstly with Oct 10th liquidation event

[Joth @JothXBT]

@Tradermayne Above all else, the actor(s) responsible for 10/10 liquidation were highest in the order of entity of fault than Saylor

[Joth @JothXBT]

When it's all said and done, isn't the fact that bitcoin is still solving blocks year after year with multiple attacks on the network showing it's class of anti-fragility?

What other network can lay claim to this, and why do we forget bitcoin's longevity?

Going forward, quantum conversation needs to be tackled, it is a WIP and forward thinking would be bitcoin network stands a better chance in being quantum resistant than any other networks out there.

[Joth @JothXBT]

@TaikiMaeda2 Genuinely hope you're doing fine with the drawdown. Unsure your bag exposure but to have this shot down in a day is a big blow