NoRagrets Kapital

🌕🦄

[Grummz @Grummz]

Look, at some point we have to face the truth.

Woke exploded because of white liberal women.

[il Donaldo Trumpo @PapiTrumpo]

OK, WHO DID THIS???🤣🤣🤣

[Joan Larroumec @larroumecj]

Le système scolaire français s'effondre tellement massivement que le pays risque de ne plus pouvoir fonctionner très bientôt.
Il faut vraiment prendre conscience de l'étendue du délire : les enfants de bourgeois français sont plus nuls en maths que les enfants d’ouvriers lituaniens.
Et y’a pas un Japonais, même chez les cassos de cassos aussi nuls en maths que les petits bourgeois français.
Comment tu fais pour maintenir une société avancée avec des nazes ?
La réponse : c’est pas possible.

[KKGB @INArteCarloDoss]

French are so fucked…

The only way for the PM to survive a vote of no confidence was to promise to dial back a timid and insufficient pension reform.

The country is ungovernable, is already on the wrong side of the Laffer curve and is on a unsustainable fiscal path

[NoRagrets Kapital @bZ1O91]

Exactly.

Buying it is just a play on mNAV expanding. Which is retarded because at some point Saylor will just print more shares and the mNAV will compress.

What most people miss is the opportunity cost vs buying and holding spot btc.

Hence Chanos short MSTR long BTC.

[Sina 🗝️⚡ BI Report @Snz_BTC]

BTC treasury math

When you buy a bitcoin stock at mNAV = 2 you are immediately losing 50% your bitcoin.

Then, you get btc/share that will gradually reduce your loss and may eventually even increase your bitcoin.

But reduction of your loss depends on a persistent flow of future buyers at a high mNAV that will fund your btc/share.

But for those future buyers to recover their btc loss, there needs to be an even greater number of buyers at a high mNAV.

What do we conclude from this dynamic?

[Pledditor @Pledditor]

This clip is a giant red flag

Proof of Reserves may compromise your privacy (and there is valid list of criticisms about that), but it overall does NOT compromise the security of your coins

Saylor either has something to hide, or he's completely ignorant about how bitcoin works

[lowstrife @lowstrife]

Bitcoin treasury companies are all the rage this week. MSTR, Metaplanet, Twenty One, Nakamoto.

I think they're toxic leverage and the worst thing which has ever happened to bitcoin & what bitcoin stands for. In the right conditions, here's the mechanism of how this blows up

1/n

[Samneet Chepal @samchepal]

1. MSTR is in the business of selling credit investors volatility. As long as MSTR’s stock vol remains high these investors are happy - the stock just needs to move!

[NoRagrets Kapital @bZ1O91]

@twpiggott You are a piece of shit

[Mark Karpelès @MagicalTux]

MtGox customers have finally started receiving Bitcoins! After over 10 years I wasn't sure anymore if it'd finally happen, but here we are finally!! This has been a long journey and I'm happy to see we're finally getting there, only a bit more...

[NoRagrets Kapital @bZ1O91]

@pineconemacro I don’t think we disagree: given the political situation I would expect French yields to be higher.

Just saying it makes sense to look at the spread with Germany to see if a « fiscal crisis » starts to be priced in, and not just the yield on the OAT.

[zerohedge @zerohedge]

Japan announced that FX interventions from April 26 through May 29 amounted to ¥9.8 tn, or $61BN. The size is larger than the previous round of JPY buying/USD selling intervention in September-October 2022 in JPY terms, and equivalent measured in USD.

[Mandrik @Mandrik]

Can't wait to see the excuses people will make for Saylor

[BitMEX Research @BitMEX_Jon]

Bitcoin ETF Flow

All data out for 13th Feb. Very strong day, with $631m positive net flow over all providers. Huge day for Blackrock at +$493m

[BitMEX Research @BitMEX_Jon]

Bitcoin ETF Flow - 9th Feb

All data out. Strong day at $541.5m of net inflow

Invesco had an outflow, the first non-GBTC product to have an outflow day

[Jim Cramer @jimcramer]

Checking in with Larry Williams. Major top in Bitcoin... MAJOR

[Alexander Stahel 🌻 @BurggrabenH]

🤣

[PiQ @PiQMarkets]

🇦🇷 Milei, on Leftists.

SPOILER ALERT: He isn’t a fan.

[Spike Cohen @RealSpikeCohen]

Here is the man who was just elected President of Argentina, detailing his plans for the government.