币不可少

YouTube：币不可少 Twitter：@bitbukeshao 只有这两个社交平台是正版 #bitcoin 所有内容仅代表个人观点，不构成任何投资建议

[币不可少 @bitbukeshao]

历史上recession被官方承认时股市已经见底了，个人观点比特币会很快见底，不会超过四个月

[Chris Burniske @cburniske]

I'm not a buyer yet, but if I were to be a buyer, imo the areas to watch for $BTC are:

~$80K: Nov '25 low, local low of this "bear"
~$74K: April '25 low, Tariff Tantrum low, just below $MSTR's cost basis (~$76K)
~$70K: Top of $50-70K range, near '21 high
~$58K: 200W SMA & on-chain cost basis (RV = ~$56K)
~$50K & below: bottom of the weekly range below, psychological, below this number you would see "death of BTC" calls once again

Importantly, I don't care what happens. If we rally from here, I'll ride what I have and diversify my portfolio, if we fall apart I'll buy more $BTC & select cryptoassets.

[Charlie Bilello @charliebilello]

2025 Total Returns...
Gold $GLD: +64%
Developed ex-US $VEA: +35%
EM $IEMG: +33%
Nasdaq 100 $QQQ: +21%
S&P 500 $SPY: +18%
Small Caps $IWM: +13%
Commodities $DBC: +8%
US Bonds $AGG: +7%
Cash $BIL: +4%
REITs $VNQ: +3%
Bitcoin $BTC: -6%
Volatility $VXX: -42%

https://t.co/rQuXrxVXM0

[qw @QwQiao]

closing section of buffett's final letter:

"One perhaps self-serving observation. I’m happy to say I feel better about the second half of my life than the first. My advice: Don’t beat yourself up over past mistakes – learn at least a little from them and move on. It is never too late to improve. Get the right heroes and copy them. You can start with Tom Murphy; he was the best.

Remember Alfred Nobel, later of Nobel Prize fame, who – reportedly – read his own obituary that was mistakenly printed when his brother died and a newspaper got mixed up. He was horrified at what he read and realized he should change his behavior.

Don’t count on a newsroom mix-up: Decide what you would like your obituary to say and live the life to deserve it.

Greatness does not come about through accumulating great amounts of money, great amounts of publicity or great power in government. When you help someone in any of thousands of ways, you help the world. Kindness is costless but also priceless. Whether you are religious or not, it’s hard to beat The Golden Rule as a guide to behavior.

I write this as one who has been thoughtless countless times and made many mistakes but also became very lucky in learning from some wonderful friends how to behave better (still a long way from perfect, however). Keep in mind that the cleaning lady is as much a human being as the Chairman."

[币不可少 @bitbukeshao]

Don’t call mom

[币不可少 @bitbukeshao]

6。如果市场已经见顶，因为没出现以往周期那样的暴涨，那么下跌的幅度也不会像以往这么大
7。我的投资理念是长期主义，要有你耐心才能做到高抛低吸，低吸比高抛更重要
8。目前区块链应用中，比特币的应用场景是最无懈可击的
个人观点，不是投资建议

[币不可少 @bitbukeshao]

关于今天的暴跌，分享一下我的愚见（不是投资建议）
1。 故事永远是跟着价格走的（换句话说故事或者分子都是马后炮BS），股市涨了这么久，回调是正常的；
2。股市到没到顶不好讲，加密货币市场就算没到顶也离顶部不远了；
3。如果想出货，别着急，death cross马上出现，历史上看会有反弹

[币不可少 @bitbukeshao]

4。我个人会有hodl的部分永远不会卖
，但是交易的部分会在反弹出现后出掉一部分；
5。并不是市场有变化你就要做出反应，很多时候你可以选择以不变应万变
都是我的愚见，不是投资建议

[币不可少 @bitbukeshao]

https://t.co/IxFtCLdxFf

[Andy ττ @bittingthembits]

Bittensor subnet valuation gap is insane, trading at 1/10th to 1/100th of Competiton:

$TAO: $524
Halving: 40 days
Current Total Subnet Mcap: $1.53B
Fair value range Mcap: $15B–$30B
$TAO market cap: $5B
120+ active subnets

Each AI related business. Valued less than, any single mid-tier altcoin?
Let that Asymmetry sink in.

This is real value the market hasn’t priced:
Chutes ($139M) vs Modal ($1B) = 7x gap
Ridges ($121M) vs Devin ($2B) = 17x gap
Dippy ($18M) vs CharacterAI ($1B) = 56x gap
Quantum ($50M) vs IonQ ($2B) = 40x gap
Templar 43M vs Together AI ($1.25B) = 29x gap
ReadyAI 19M vs Scale AI ($13.8B) = 726x gap
IOTA $32M vs Together AI ($1.25B) = 39x gap

Every subnet listed is shipping products.
None of them needed VC funding.
They earn emissions, not permission.

Real products. Real users.
An easy 1/10th the price.
10x from here.

There are 120+ more subnets covering every AI use case imaginable.

Explore: https://t.co/LFxnUAbjRA

Macro:

• Fed ending QT (liquidity returning)
• $TAO halving in 40 days (supply shock)
Ecosystem maturing (120+ subnets, $106M daily volume)

We’re watching working AI infrastructure priced like vaporware.
Once revenues hit, listings expand, and awareness catches up
the repricing will be violent.

$TAO

[币不可少 @bitbukeshao]

https://t.co/ifJ5q6BBYh

[币不可少 @bitbukeshao]

比特币山寨币没有保障很大原因是AI占据了头条和流动性。以往的疯狂的山寨季节可能不会出现了

[Andy ττ @bittingthembits]

I get why people are skeptical. Most crypto projects chase hype.

But Bittensor $TAO is different it’s aiming at a problem that’s about to define the decade.

We’re heading toward an AI monopoly that makes Big Tech look tame.

Right now:
Only 3–4 companies can train frontier models:
OpenAI, Google DeepMind, Anthropic, Meta.

Training costs are exploding.
GPT-4: $100M.
GPT-5: $1B.
By 2030, $10B+ runs.
That means only 2–3 entities.
Will control all meaningful AI.

And that’s where the real danger starts:

1. Corporate Alignment Problem
Google decides what’s “true.” No competition. No alternative viewpoints.

2. Innovation Gatekeeping
You want AI for research? Pay their price, follow their rules, accept their limits.

3. Data Slavery
We train their models for free, they own the value.

4. Single Points of Failure
One AWS outage. One regulator. And half the world’s AI goes dark.

Bittensor exists as infrastructure insurance. It doesn’t need to be perfectly decentralized just decentralized enough to:

• Prevent single-entity control
• Enable permissionless innovation
• Distribute value fairly

Think Linux vs Windows. Linux didn’t win the market, but it forced competition, powered critical infrastructure, and gave the world a real alternative.

Bittensor is the Linux of AI.

Real use cases are already emerging:
– Sovereign AI for nations too small to build their own.
– Specialized models Big Tech ignores.
– Uncensorable research.
– Economic participation for contributors GPUs, data, validation work paid in $TAO.

Without Bittensor by 2030:
– 2–3 companies own intelligence itself
– Prices rise
– Innovation is permissioned
– Nations get locked out
– “AI safety” becomes corporate policy

With Bittensor:
– Constant competition
– Open innovation
– Shared infrastructure
– Value flows to contributors
– Multiple safety approaches

$TAO it’s the coordination mechanism. No incentives, no network. No network, back to monopolies.

Bittensor might fail. It’s hard tech. But the alternative total corporate control of intelligence is worse.

The question isn’t “Will Bittensor beat Google?”
It’s “Do we really want to live in a world where Google has no competition?”

We’ve seen this movie before.
Oil. Banks. Big Tech.
This time, it’s intelligence itself.

And that’s why I think $TAO matters.

[Documenting ₿itcoin 📄 @DocumentingBTC]

Bitcoin was invented 17 years ago, on October 31st, 2008, when an anonymous engineer with the username ‘Satoshi Nakamoto’ published a whitepaper ‘Bitcoin: A Peer-to-Peer Electronic Cash System’ to a cryptography emailing list. The user’s identity remains a mystery to this day.

[qw @QwQiao]

read every memo written by howard marks over the last 35 years and my key takeaway:

“you cannot predict, by you can prepare.”

specifically this means

- there will always be economic, market, and business cycles due to animal spirit.

- u can assess roughly where we r in the cycle based on current price multiples relative to historical average and investor psychology (eg “this time is different”).

- without forecasting when and at what price cycle tops or bottoms.

- no one can make such forecasts better than consensus consistently over a long period of time.

- but u can do better than the market over the long term by adjust ur position defensively or aggressive based where we r in the cycle.

simple, but incredibly hard to implement because u will succumb to ur own animal spirit.

[币不可少 @bitbukeshao]

RT @Barchart: U.S. Credit Spreads drop to lowest level since 1998 🤯👀

[Sam @0xCryptoSam]

Those chasing ETH beta via DeFi tokens will be let down this bull run.

DeFi summer taught us that value accrues from ETH -> DeFi projects. It's a logical conclusion, given that DeFi is the most popular sector on Ethereum.

But what's become evident is the real ETH beta is actually boomer coins (i.e., XRP, HBAR, XLM, ADA, TRX, ALGO, etc.) These are the B-tier majors, tokens with 11-figure market caps, yet no fundamentals to back it up. The primary tailwind here is the lindy effect + CEX exposure, which makes these tokens an easy buy for non-crypto natives.

What we’re seeing instead is that ETH beta now flows into large-cap “boomer coins”, like XRP, ADA, HBAR, XLM, ALGO, etc. These tokens have double-digit billion-dollar market caps, yet little to no network activity to back them up. Their appeal lies in longevity (Lindy) and accessibility for retail outside the crypto-native crowd via CEXs.

This proves two things:

1) Fundamentals still don’t matter. Revenue and usage metrics have little influence in a retail-driven bull market.
2) Unless you have asymmetric edge in medium/small caps, you're better off holding levered ETH or large-cap majors than hoping a mid-cap DeFi token will outperform.

The token landscape has dramatically expanded since DeFi Summer. With more options, selection risk increases, and picking the right DeFi token becomes harder and statistically less rewarding.

Fundamentals are not your friend in a bull market. Don't get cheeky: keep it simple and move in size on easy bets.

[Barchart @Barchart]

BlackRock's Bitcoin $BTC ETF just became the fastest in history to hit $80 Billion in AUM. About 5x faster than the previous best which was Vanguard's S&P 500 ETF $VOO

[Ray Dalio @RayDalio]

https://t.co/mFuuK7sgzU

[Thomas (Tom) Lee (not drummer) FundstratDirect.com @fundstrat]

Please pay attention
👇

👀👀👀

[Philip Swift @PositiveCrypto]

As Bitcoin breaks above +$100k, make sure you have a clear plan over the coming months as everyone around you gets overexcited...and seemingly rich.

[币不可少 @bitbukeshao]

十万

[Arthur Hayes @CryptoHayes]

Let’s fucking go.

Fuck your fiat
Fuck your banking system

Praise be to Lord Satoshi!

Yachtzee 😘😘😘😘😘