Olivia
Online
ConnJohn
@ConnJohn2
Bitcoin - Buckeyes - Bengals
Joined January 2011
990 Following
377 Followers
10.3K Posts
After having a kid, it’s just so funny to think about single people taking a vacation to unwind
Unwind from what? Sleeping in?
Europeans discovering America is some of the best content of the internet right now:
Strategy sold 32 BTC the week before this.
With a 1550 BTC buy today, they bought 48x as much BTC as they sold. Average price of ~$65k / BTC.
If they had deployed the same $101m into BTC a week earlier (~$75k / BTC), they would have bought ~1347 BTC.
In other words, selling 32 BTC and the market irrationally panicking about it... allowed Strategy to buy 203 BTC more this week for the same dollars.
Whenever you see Bitcoin's price drop, check the power law chart.
Bitcoin's price currently sits at around $66,000 per coin.
The support level (that Bitcoin has never dipped under), is c.$58,600.
It's linear value (ie the green line), suggests Bitcoin should be around $165k per coin today.
The resistance line, that it surpassed in 2014, hit in 2018 and got 70% of the way to hitting it in 2021, is $581k today.
This tells me one thing: Bitcoin is undervalued, underappreciated & misunderstood.
For those that understand what it is, this is an opportunity.
This is like $5k in 2020, or $16k in 2022.
What would you give for an opportunity to buy at $16k again?
We'll be speaking of $60k in the same way in 2029.
There are calls that Bitcoin is dead. That this is the start of Bitcoin going to zero. That its going to drop to $40k before miraculously returning to an ATH.
All predictions made by people who are using emotion, rather than historical data & math.
Bitcoin as incredibly oversold at these prices.
It wont stay like this forever. Those hoping it fails are going to be in the wrong side of history.
I'm buying more.
Jeff Walton’s MSTR story is wild.
He rode it down from ~$1,200 to ~$100, watched the market call Strategyᴮ dead, then looked at the debt profile and said: the market is wrong.
When Bitcoin hit $19k again, he took his bonus, portfolio, retirement accounts, brokerage - even the last $7,500 from his HELOC - and bought long-dated MSTR calls.
Absolute conviction.
Absolutely not for normal humans.
h/t @natbrunell
Worried about Saylor selling $BTC? 🤯
Here’s the full math, simplified:
Step 1: Stack BTC
• Current stash $66.4B
Step 2: Obligations
• $1.5B per year
• $125M per month
Step 3: Coverage
$66.4B ÷ $125M = 531 months
44 years of coverage in BTC value
Step 4: % they’d sell
$125M ÷ $66.4B = 0.18% per month
That’s less than 0.2% of holdings
Step 5: The part most miss
While potentially selling 0.18%:
• MicroStrategy is raising capital ( $STRC, equity)
• Using that capital to buy more BTC
In some periods, they’ve been adding tens of thousands of BTC monthly
So the real equation is:
Sell a tiny % (0.18%)
Fund dividends
Raise capital
Buy significantly more BTC
If inflows > outflows:
Total BTC holdings increase
BTC per share still grows
They’re not “dumping Bitcoin”
They’re using BTC as a capital engine while continuing to scale the stack.
@PeterSchiff 0.1% of daily buys. Math is hard for you. Feel bad for your investors.
Gas prices are at crazy levels--fire Obama!
A NORMAL PERSON TRIES TO UNDERSTAND ANTI-SAYLOR BITCOINERS:
“Let me get this straight.”
“Okay.”
“You believe people should buy Bitcoin?”
“Yes.”
“As much as they can?”
“Yes.”
“And hold it for the long term?”
“Correct.”
“Because fiat money is broken?”
“Exactly.”
“And Bitcoin is scarce?”
“Yes.”
“And the best way to protect yourself from debasement is to own the scarce asset?”
“Now you’re getting it.”
“Great. So Michael Saylor did that.”
“No, that’s bad.”
“Why?”
“Because he did it with a company.”
“A company owned by shareholders?”
“Yes.”
“Who voluntarily bought the stock?”
“Yes.”
“And the company voluntarily bought Bitcoin from sellers?”
“Yes.”
“At market prices?”
“Yes.”
“Using legal capital markets?”
“Yes.”
“And this changed Bitcoin’s fixed supply?”
“No.”
“Changed the code?”
“No.”
“Changed your node?”
“No.”
“Gave Saylor the ability to print more Bitcoin?”
“No.”
“Gave him the ability to reverse transactions?”
“No.”
“Gave him the ability to censor the network?”
“No.”
“So what exactly happened?”
“He bought a lot.”
“That’s the whole crime?”
“It centralizes Bitcoin.”
“No, it concentrates ownership. Those are different things.”
“They’re the same.”
“They are absolutely not the same.”
“Explain.”
“If one man owns a lot of gold, he does not control chemistry. If one company owns a lot of land, it does not control gravity. If Strategy owns a lot of Bitcoin, it does not control the protocol.”
“But it’s dangerous.”
“To whom?”
“To decentralization.”
“Again, no. Bitcoin decentralization is enforced by nodes, miners, consensus rules, and the inability of anyone to change the monetary policy. Ownership is a market outcome. Protocol control is a technical reality. You’re confusing the cap table with the constitution.”
“That sounds too clean.”
“It is clean. That’s why your argument needs fog machines.”
“Saylor works for the financial-industrial complex.”
“He works for shareholders.”
“He’s helping Wall Street.”
“He’s using Wall Street to buy Bitcoin.”
“That’s the problem.”
“No, that’s the part you’re mad about.”
“But Bitcoin was supposed to be for the people.”
“It still is. Nobody stopped the people from buying it.”
“But now institutions are buying it too.”
“Yes. That is what winning looks like.”
“I don’t like the way it’s winning.”
“There it is.”
“What?”
“The honest sentence.”
“I’m serious.”
“So am I. You spent fifteen years telling everyone Bitcoin was inevitable. Then a public company believed you at scale, and now you’re acting like the fire department is suspicious because they brought too much water.”
“He has too much Bitcoin.”
“Then buy more.”
“That’s not fair.”
“That’s the market.”
“He got there first.”
“That’s also the market.”
“It feels wrong.”
“It feels wrong because he understood the game before the people who claimed to be its priests.”
“Bitcoin should be decentralized.”
“It is.”
“But ownership is uneven.”
“So is intelligence. So is conviction. So is risk tolerance. So is patience.”
“You’re being harsh.”
“No, I’m being precise.”
“Saylor could become too powerful.”
“He can become rich. He can become influential. He still cannot change 21 million.”
“But people will follow him.”
“People follow anyone with conviction and results. That is called leadership. It is not a consensus attack.”
“So you’re fine with corporations buying Bitcoin?”
“I’m fine with anyone buying Bitcoin.”
“Anyone?”
“Yes. Individuals, companies, pensions, insurers, sovereign wealth funds, family offices, weird guys in cargo shorts, and bald men in orange ties with capital markets bazookas.”
“That sounds chaotic.”
“That sounds neutral.”
“Bitcoin doesn’t care who buys it.”
“Exactly.”
“So the anti-Saylor argument is…”
“People should buy Bitcoin, unless they buy too much. Institutions should adopt Bitcoin, unless they adopt it aggressively. Bitcoin should win, as long as it wins politely, slowly, and in a way that flatters the early podcast class.”
“That’s brutal.”
“That’s accurate.”
“So what’s really going on?”
“Simple. Saylor embarrassed the small imagination of his critics.”
“How?”
“They thought Bitcoin adoption meant vibes, conferences, and personal sovereignty lectures. He saw a global capital structure starving for collateral and built a machine to convert fiat demand into Bitcoin accumulation.”
“And the critics?”
“They’re standing outside the machine yelling that the machine is too effective.”
“So the problem isn’t that Saylor betrayed Bitcoin.”
“No.”
“The problem is that he believed in it harder than they did.”
“Now you’re getting it.”
BRO THATS HIS LITERAL SON
FIVE IN A ROW 😲
Ohio State WRs are different 🔥
When people ask me why I own Bitcoin I just send them this video of Kamala Harris explaining how to fix inflation.
LeBron and Bronny throwing dimes to each other 🔥❤️
Including the first son-to-father assist in NBA history 😤
“HOW DARE YOU SPEAK
LIKE THIS”
-Tucker Carlson to Donald Trump
One of the most prominent right-wing voices has broken away from Trump, directly criticising him.
You can hold bitcoin and risk that maybe, if several gargantuan quantum engineering problems are solved at scale and at fantastic speed, and you hold your coins in a vulnerable address, and bitcoin fails to upgrade, someone might theoretically be able to run a currently nonexistent machine at enormous operational cost 5-10 years from now to steal your money.
Or you could sell your bitcoin for fiat and let the government start stealing your money today.
Math is simple:
If nuclear war happens, you die.
If it doesn’t, markets recover.
So if you don’t buy, you either stay poor or die.
If you do buy, you either get rich or die.
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