The5P

Proper Preparation Prevents Poor Performance.

[The5P @The_5P]

@leadlagreport Few understand this.

[The5P @The_5P]

@TradingThomas3 Can an argument be made that it would be more useful to measure and compare the dollar volume traded to total market cap available to trade ratio?

[The5P @The_5P]

And this folks, is why crypto adoption will never be complete. Yes you will get "adopters", but their numbers will be kept in check by advancements in computing power that will make obsolete their efforts. It's why you need continual maintenance and evolution of safeguards.

[Jonathan Goodman 🇨🇦 @itscoachgoodman]

$1.6 million dollars in Bitcoin was drained from my account on July 29th in the Cold Card wallet hack.

My Bitcoin was in cold storage. My keys were on a ColdCard device kept in a safety deposit box that had never been connected to the internet.

This part's nerdy, but here's what happened:

Hackers discovered a vulnerability in the part of the hardware wallet code used to create seed phrases.

This allowed them to use AI to brute force guessing seed phrases.

I was at our cottage and heard about the hack today.

"No way this affects me." I thought.

I logged into Wasabi––software that lets me view my bitcoin wallets online.

Right away I saw lines of red transaction–withdrawals–and I knew.

From 9:36pm - 9:43pm on July 29th, every wallet I had had been emptied.

18.25245043 btc gone. That's just over $1.6 million dollars CAD.

Perhaps the hardest part about this is that I did everything right.

I never shared my seed phrase with anybody. My devices never touched the internet. Everything was kept in multiple safes and safety deposit boxes.

None of it mattered. All because the hardware that created the seed phrase originally had one line in their code from 2021 that had a vulnerability.

I'm filing a police report and a report with the Ontario Securities Commission. But I don't expect to recoup anything.

A part of me is trying to make sense of what just happened. Or try to figure out a lesson in it. I'm struggling. $1.6 million is a staggering amount of money to have stolen.

I guess all that I can think about right now is that I'm so damn happy that I'm an entrepreneur and that my earning potential is under my control. Mark my damn words. I'll recover.

[The5P @The_5P]

@TheShortBear Replace "AI related bets" with "leveraged beta momo chaser" and it would be easier for everyone to understand.

[Crémieux @cremieuxrecueil]

Neat!

A 1GW hyperscale data center might not employ that many people directly, but it generates thousands of jobs in the local community!

That's in addition to all the people who participate in construction!

[The5P @The_5P]

@GigaBasedDad Is this Jeremy Clarkson?

[Michael Burry Stock Tracker ♟ @burrytracker]

The most successful thing David Beckham ever did wasn't football

When he signed with the LA Galaxy in 2007, his contract included a clause giving him the right to buy a future MLS expansion team for $25,000,000

MLS later offered to buy the clause back from him for $50,000,000. He said no

What happened next:

• 2014: Exercises the $25M option and picks Miami
• 2020: Club plays its first ever MLS match
• 2023: Spends 4 years convincing Messi to join, turning down $400M from Saudi Arabia
• 2023/24: Revenue goes from under $60M to $200M in a single year
• 2026: Forbes values Inter Miami at $1,350,000,000

His 26% stake is worth ~$351,000,000 today

[The5P @The_5P]

@InvestiBrew Thanks.

[The5P @The_5P]

@InvestiBrew You didn't just repeat the earnings outcome, you provided rational reasons to back your analysis with a chart to compliment. Could not have been better.

[The5P @The_5P]

@StockMKTNewz I'd be a buyer around $0.72 which is a 0.5 price to sales ratio. I prefer P/S below 0.25 but I'd be willing to pay double to speculate a little.

[The5P @The_5P]

@ekwufinance This gold rally is likely to follow what happened after the run up that ended in 2012 or 1980. Path foward is chop sideways or down for 7-10.

[The5P @The_5P]

@kari25404 @cremieuxrecueil For one, we stopped needing freezer trucks to store all the bodies that were piling up.

[The5P @The_5P]

@Barchart I'd buy this around $3 per share. That's an attractive level that leaves room for potential.

[The5P @The_5P]

@Hedgeye This is what you get when all those who had FOMO after the initial momentum are left holding the bags. Now they are looking for the door to jump on the next momo train (currently the semiconductors). Revisit this tweet in 6 months to a year for the same result.

[The5P @The_5P]

@Barchart So he believes the worlds money supply will increase 7x in the next 5 years? Not gonna happen!

[The5P @The_5P]

@Mr_Derivatives Long? What I want is the leveraged short! Gravity is a calling!

[The5P @The_5P]

@EytanStarkman @InTheAssembly Don't talk about fundamentals then list a company like $NVDA. Fundamentals look to the past using income statements and balance sheet info. Speculation is where people predict the future and adjust to those predictions. Those who have been buying $NVDA relied on speculating.

[The5P @The_5P]

@MichaelAArouet Say it louder for the conspiracy folk!

[The5P @The_5P]

@DarioCpx It's back to where it was in February. Why would any investor not be prepared for any investment to retrace where it was in the past year? Surely they know that movements are not uni-directional?

[The5P @The_5P]

@KrisVerma88 Sorry for the loss. Respect for the full transparancy.