Bit Whitman

Macro | Bitcoin | New Joule Order

[Bit Whitman @BitWhitman]

My one piece of advice. Get yourself a flip phone and disconnect.

[Bit Whitman @BitWhitman]

@BranBTC lol

[Bit Whitman @BitWhitman]

Penguin checkmate

[🐧 @Pentosh1]

thats dust in terms of position size. i have real actual loss porn that is orders of magnitude higher over the years. my last buys on hype for example are probably down 500k id guess. and that total position is down about 3m from the top since i added repeatedly at 41, 55, 65. but its still net up a good amount and im genuinely not worried about it

but thank you for thinking about me

people who don't have much, typically do. says more about you then me

at least i share the wins and losses while you wait quietly to celebrate

if i had to guess. i will likely have thousands more losses in the future too. bc thats part of risk taking

[Jeff Park @dgt10011]

What if long BTC is the best hedge for SpaceX IPO debacle?

You must think two steps ahead in the era of hyperfinancialization

[Bit Whitman @BitWhitman]

@DocumentingBTC @coinbase @brian_armstrong Silly to doxx yourself

[Bit Whitman @BitWhitman]

@cameron he sold the btc

[Bit Whitman @BitWhitman]

@Pentosh1 MU puts

[Bit Whitman @BitWhitman]

@ZeeContrarian1 Some of us did both, but bitcoin will probably win over time. Also, zoom out.

[Bit Whitman @BitWhitman]

@APompliano @Rewkang Pomp, a simple set redesign is going to meaningfully extend your reach. Good move.

[Bit Whitman @BitWhitman]

@nathan_covey I’ve done this recently and anecdotally can say my working memory, anxiety levels and sleep quality have all improved.

It’s still early but would expect this continues.

[Bit Whitman @BitWhitman]

Been here since the beginning and it’s a rule. Don’t ever fade @MacroScope17

[MacroScope @MacroScope17]

Quick BTC update. In the ten years I’ve been here, this is by far the most subdued sentiment I’ve seen. It’s understandable, but the extent is striking -- especially in light of a favorable policy climate in DC, continued sovereign and corporate accumulation, etc.

While overleveraged traders are getting blown out on dips, a sovereign wealth fund like Abu Dhabi’s Mubadala is happy to sit on the bid and take it in.

For traders and investors looking to take advantage of this type of environment, the key is to watch for when price starts to diverge positively from depressed sentiment. For assets in long-term uptrends, that's when huge percentage gains can happen. This was certainly true for eventual winners like AMZN in the years after the tech bust a quarter-century ago; sentiment was terrible, but price gradually started to diverge upwards, quietly regaining levels that were previously lost and reflecting the long-term underlying growth story.

I posted about this in 2023 -- when BTC was 25k, and sentiment was also subdued.

[Bit Whitman @BitWhitman]

@jiahanjimliu @kevinxu You’re withdrawing with a 10% penalty and ordinary income tax. Not enough.

[Bit Whitman @BitWhitman]

That's not what the tape says.

The wealthiest investors are pulling money out of the U.S. in the 'de-dollarization' trade https://t.co/xWnLkh4Odl

[Bit Whitman @BitWhitman]

@MelMattison1 Also, have learned a lot from your posts. Would love to see them keep on.

I have over 200 muted words on X to avoid some of the tribal content, most having to do with politics and violence. This was helpful too.

[Bit Whitman @BitWhitman]

@MelMattison1 Get a flip phone and lock up the iPhone. Only X on your computer, sparingly. Game-changer.

[Bit Whitman @BitWhitman]

@jiahanjimliu Does this represent a larger position for the
fund than IREN?

[Bit Whitman @BitWhitman]

LOL

[Eagles Nation @PHLEaglesNation]

😂😂😂😂😂

[Fundamental Investing @Investinc_Intel]

$IREN holders laughing at the bears who said deals weren’t coming!

[Bit Whitman @BitWhitman]

@littlebayschool bought this for one trip to ultimately return it -ended up keeping it because its great

[Bit Whitman @BitWhitman]

@ReOpenChris make it 10 @GovRonDeSantis