Getting there, time based capitulation still in progress.
Relief bounce through the next 3-4 months then final capitulation into Fall.
$BTC - 80k📈 56k📉
$ETH - 2.6k📈 1.5k📉
$SOL - 110📈 43📉
$HYPE is in a category of its own, hope for a pull back to 33 then back up the truck
Money = energy
When you have enough energy, other things can be focused on
When you don’t have energy/money, it’s the only thing you can focus on
Inflation, printing money, stealing your children’s future to make you feel comfortable… these are the consequences
It's official.
MicroStrategy, $MSTR, is now facing its biggest unrealized loss in history, at -$10.8 billion.
In other words, after 6 years of buying Bitcoin, the company is now down -17% on its position.
By comparison, the S&P 500 is up +116% over this same timeframe.
Since MicroStrategy sold 32 Bitcoin at $77,135 per coin, their positions has lost -$11.8 billion in value.
This puts MicroStrategy's stock, $MSTR, down -77% since its record high.
Bear market is an understatement.
$MSTR - STRATEGY'S BITCOIN U-TURN:WSJ
For years, Michael Saylor urged investors to never sell bitcoin—famously saying, “Sell a kidney if you must, but keep the bitcoin.” Now, his company, Strategy, is preparing to sell part of its bitcoin holdings to remain solvent. The irony is hard to miss: Saylor still appears to have both kidneys.
The point of the body is rest. It’s a place for consciousness to rest, in a perfectly limited and serene body.
To put on the body suit is like going out to the log cabin by the lake.
When you take off the body suit, welcome back to hyperdimensional city life
MIT trained cognitive scientist Donald Hoffman says "embodied consciousness like ours has a probability of zero". This is a new finding discovered just weeks ago. The normal state of consciousness is not embodied. Hoffman frames the human condition as the worst possible interface. "We're like a marathon runner with weights, terrible shoes, and a backpack." We can't move a cup with intention alone. We move fingers and toes and arms, and from that narrow channel we have to scheme our way to doing anything physical.
"The normal case for consciousness in this framework is not to be embodied."
"In this mathematics, it's measure zero, probability zero."
"It dovetails with a lot of religious stories around the quote-unquote fall of man."
"To get to the moon, all I can do is move my fingers, my toes, my arms."
"It's low bandwidth and high latency."
"It's sort of like you can play the game of consciousness and move things around, but you're so restricted."
Episode dropping today.
And this trend is derivative of AI
As AI pushes most things to 0, scarcity becomes the only form of value exchange
Ironically, one of the only things a human will be able to do to accrue wealth is... trade
Pokémon cards are the ice breaker in a far larger societal trend change
Why spend money on something that loses value when you can spend it on something that gains value
This trends gotten more and more apparent with brands like supreme etc taking off but feels like it never really broke out into the finance side
This has changed now with pokemon cards truly breaking out, the next few years the entire world of commerce is gonna get drastically shaken up
Lots of meme coins putting in daily bullish divs at low avwap support.
Should be good for a bounce over the next couple weeks across the board.
dogecoin:native solana:J3NKxxXZcnNiMjKw9hYb2K4LUxgwB6t1FtPtQVsv3KFr solana:2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauv
i'm not in Saylor's inner circle, but this $MSTR story has gotten so out of hand, my only guess is this:
- MSTR could have sat and done nothing before they started pumping out $billons of prefs... it would have made MSTR boring (little buys, no sells), but it would have been stable https://t.co/ZMzXepzRME
- But the push into these prefs was based on him clearly thinking $BTC was about to moon — not sure what he saw to think that (4 year cycle, flows, ???) but that's the only reason to take that sort of miscalculated risk to screw up his balance sheet so badly -- he must have thought BTC was about to fly and he could easily pay the pref dividends with future BTC sales.
- Then BTC started falling, and the market got spooked because the $15 bn in prefs have a $1.5 bn/year annual dividend, so he raised $2 bn in cash via stock just to alleviate any near-term default concerns — that bought him almost 2 years of runway to pay dividends. Smart move
At that point, he could have chilled for a little, and even though he now has every stakeholder pinned against each other, there was at least no near term risk https://t.co/GmglaICO5M
- But then for some unknown reason, he decides to take that cash buffer and buyback 2029 maturity bonds instead of using it to fund the annual dividends (at a discount, so it's at least mildly accretive to MSTR). This is a baffling decision for a company with cash flow problems. Why pay off 0% coupon debt with the only cash you have?
The only bull case is that underestimating Saylor's capital markets chicanery has been a losing proposition for years. Maybe there was a plan?
That plan may just be selling BTC, which he will have to do eventually, but if he does this while BTC is in a death spriral it's going to crush BTC and MSTR. So again, why buyback the debt now and force your hand sooner than you have to?
Maybe he is going to refinance those converts with new longer-dated converts? He has sworn off converts, so I doubt it, but that would at least logically make sense.
But TLDR -- this is the first time that MSTR, BTC and Pref holders are really in bind. Someone is going to lose badly here, and it will happen in the next 4 months.
We can see 46 billion light years in every direction.
The universe is 13.8 billion years old.
Light has not had enough time to travel that far.
Something out there is moving away from us faster than light itself, and physics says that’s allowed.
I still don’t fully understand why.
bitcoin:native
Most of the obvious short has played out to 72 now, could go a bit lower but should be good for a bounce soon
Then it has to decide if it wants to go for cycle low at 57 now or wait a bit
"Life speeds up after 25 - Every year goes by faster & faster"
While this CAN be true...few realize it's 100% optional
There is a way to dramatically:
> slow down time perception
> Ride an upward spiral of AWE & Bliss
> Experience 100x more novel stimuli than you would when in your default state of mind
(Even if you're in a place you've been 10,000x before)
What is the default state of mind?
It's subtly projecting a "known" past onto the unknowable present
Tangibly this feels like that dull "this shit again" adult creep that makes life feel dissatisfying
This is a PROCESS that activates whenever we're not actively tuning into the present moment
A process that creates TENSION in the body
It feels like being in a constant state of "wanting to get to the other side" of w/e you're doing
The sad truth is that most live in this state until they die
The problem is if you "know" the world - Nothing's novel anymore
Nothing feels fresh, new or exciting
You are, in essence, day-dreaming 24/7 by projecting the known world onto "what is" in this moment
This is an understandable thing to do - As pretty much everyone does it...
But when you really look at it - You realize there's a staggering amount of ASSUMPTION that goes into this
And it takes EFFORT to maintain this day-dream illusion of "knowing"
Example:
I was sat in a restaurant a few years back
My daughter had just been born
My wife and I were tired as hell
I was in a slightly muddled state
I was rushing through my meal
Waiting to get home
Suddenly I notice this process going on
I recognize that I'm living in this state of "assumption"
And I let go & See clearly
As if looking for the very first time
All of a sudden not only is there this beautiful flow of energy in the body
Because I'm not longer unconsciously activating the process of projecting known past on onto unknowable present
But there's a sense of complete AWE at the restaurant I'm now in
Everything looks insanely HD, bright, colorful...even mystical
There's this "humming aliveness" coming from all things
I literally tear up at the sheer beauty of this moment
Even as I'm sat here now - Typing this - The feeling of my fingers touching the keys is completely novel to me
Even blissful
To notice the feeling of breath in my nostrils...
To feel the cool air in the room
All of this is incredibly FRESH
That same kind of feeling you get when visiting a foreign country & walking around
You're naturally more present - Naturally more in your senses
It's like you get a forced leveling up in your degree of PRESENCE/mindfulness
But you can literally have this WHENEVER & WHERE EVER
All you have to give up is the illusion that you know wtf is going on
And learn to somatically "switch off" that process by simply:
> relaxing
> tuning into your senses
> looking around as if seeing for the first time
(You are)
> immerse yourself in your sensory experience
> notice how pleasurable this is
> notice how paying attention to the pleasure starts to increase it's intensity
> keep immersing yourself in this experience
Congrats - You just figured out how to ride an upward spiral of beauty, awe and aliveness
(instead of a downward spiral of misery, self-obsession & anxiety)
Eventually - Because it's so habitual - You'll switch back into past projection mode
That's fine - The option to come back into freshness & awe is always here
And I promise you - When you "get" how to do this...
You'll experience 1000x more novel stimuli in one hour than you would in 10 years of living on autopilot mode
I have no idea how this changes your brain & biology
I can tell you with absolute certainty though that this leads to a way of living that eclipses even the awe you felt in childhood
And turns life from a dull, mundane chore...
To a divine miracle unfolding
The foundation of The All is "energy."
Control of "energy" is the game.
Screens manipulate energy on a physiological, social, and psychological level.
However, it is MONEY that exerts far greater energetic control over these and much more.
Global Financial Crisis.
If you ask the asteroid, Jupiter is the great Evil.
Most are not ready to accept that “Good” and “Evil” only exist on the level of identity constructs.