An interesting thought experiment: if this buyer of 80% of the supply wasn't there, what would happen to the price?
This whole thing seems such a fragile Ponzi scheme to me.
- Borrow/raise capital
- Use it to inflate the price of the collateral
- Use it to pay investor returns
This is completely unsustainable.
One company is issuing new shares of its common stock & preferred equity because of high demand...
and the proceeds from that is enough to buy 80% of the BTC mined in a week (3,150 BTC).
The Bitcoin price must go up.
👉Swing past the @getpaidnice booth at #Xerocon and see how you can scale up your cash collections with smart automations so you never have to chase another invoice ever again. 😉
Attached are the most common questions I find myself asking in ~every product/feature review meeting.
Hopefully one or two make their way into your repertoire. (link in next post)
Cash flow chaos keeping you up at night?
Learn how this ultimate stack of cash flow mgmt apps can give you back control of your business finances:
- @ApprovalMax
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Hosted by @Xero#Xero#cashflow.
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Accounting firm friends: Is this realistic EBITDA margins or an accounting/tax firm at this scale?
(@BillDA have you ever done a breakdown on a CPA firm?)
https://t.co/YX88n5oUxs
Went along to the @IcehouseVenture showcase last night, inspiring (and a little humbling) to see such ambition + audacious NZ startups.
There's a future for our country beyond logs and milk powder, we just have to take it!
So… WE WON!!!!! @Xero Practice App of the Year 🇨🇦
What an amazing way to close out #Xerocon 2024!
Was also epic to see A2Xpert partners @AprioAdvisors, @Acuity_co, and @Connect_CPA take home some bling!
Supporting ecommerce businesses with their accounting is a team sport!
Amazing kick from Cleary here.
Begs the question, if you can consistently slot 2 pointers from the 45m mark, shouldn't that be your standard last play option?
Why don't teams do this?
Match Highlights 🎥 - #NRLPanthersDolphins
Panthers halfback Nathan Cleary has produced a stunning two-point field goal to secure a miraculous golden-point victory over the Dolphins in his return from a hamstring injury.
@harrydry Hey Harry - loved this interview! I have a Q for you: in the twice the conversion example, how come you went for the 'that's twice as many' subtext instead of a concrete increase in the bullet like 'Double conversion from 1 to 2'? (or another word for it like two-fold, or 2x etc)
WOW #Xerocon try this new AI call agent that can follow up on your unpaid invoices for you!!
It’s interactive, and sounds human. Ask about invoice specifics & initiate follow up actions.
It’s really neat come and try it for yourself!
@XeroAPI@Xero#XeroconLondon#Xero
🆕 The Future of Accounts Receivable has landed at #Xerocon - try our new interactive AI calls to follow up your overdue invoices. Visit us and give it a go! (Booth E6) @Xero#Xero