There is no pivot.

Sell-Side ER @LehmanBros L/S Equity @NeubergerBerman & SAC. Macro Economist/Data Scientist with a focus on systems and forecasting.

[There is no pivot. @jonphorvath]

I just published: A former professional investor explains what comes next in the crypto cycle https://t.co/KJVmMjzz6G

[There is no pivot. @jonphorvath]

@jeremyct that is why you buy

[There is no pivot. @jonphorvath]

@SarahWorkx preserve!!!!

[There is no pivot. @jonphorvath]

@muheediva01 you can buy M&Ms at gas stations

[There is no pivot. @jonphorvath]

@3orovik currency caps aren't comparable to asset caps

[There is no pivot. @jonphorvath]

@PiyushA888 @kevinxu where in the bay area? santa cruz mountains maybe

[There is no pivot. @jonphorvath]

@RoaringHammy yes - two. they are great, would not go back.

[There is no pivot. @jonphorvath]

@jeremyct he can rent it

[There is no pivot. @jonphorvath]

@JohnPetersonFW hate to see the same bill at the Four Seasons

[There is no pivot. @jonphorvath]

@Chadson median incomes are higher than then US in many W European countries

[There is no pivot. @jonphorvath]

@RhoRider runway is getting shorter by the day

[There is no pivot. @jonphorvath]

@KhanSaba1278 WTF cares -enough engagement farming

[There is no pivot. @jonphorvath]

@RoaringHammy so what

[There is no pivot. @jonphorvath]

@pete_rizzo_ doesn't solve his cashflow problem

[There is no pivot. @jonphorvath]

@marc02200 and btc is down!

[There is no pivot. @jonphorvath]

@contractorkeith did u want to live in a crappy rancher in the desert fresh out of school?

[There is no pivot. @jonphorvath]

@dzsg7n @JoshuaBarzon Brunello !

[There is no pivot. @jonphorvath]

@dotkrueger what is your "valuation" metric ?

[There is no pivot. @jonphorvath]

there is inflation helping public co revenues but if it's 100% inflation driven why are their earnings growing 20% ? if it was inflation alone cogs & opex would be growing as fast as revenues but they clearly are not.

[Vivek Sen @Vivek4real_]

PETER SCHIFF:

“THE GAIN IN THE STOCK MARKET IS INFLATION, NOT REAL VALUE.”

WHEN THE DOLLAR LOSES PURCHASING POWER, EVERYTHING APPEARS TO RISE IN PRICE.

IT LOOKS LIKE YOU’RE GETTING RICHER.

BUT 99% OF PEOPLE ARE BEING QUIETLY ROBBED.

[brightone (privacy arc) @bright_125]

saylor calls his broker and asks about bitcoin.

broker says bitcoin is 75k.

saylor says, “alright, buy me 200k bitcoin.”

5 years later, he calls again.

broker says, “good call. bitcoin is at 65k now.”

saylor gets excited and buys 100k,more.

few years later, he calls again. bitcoin is at 80k.

now he thinks he’s a genius, so he buys 100k bitcoin.

next year bitcoin is at 100k. he buys a 400k.

the next year bitcoin is at 120k . he buys another 100k bitcoin.

then $126k. he buys another 100k.

he finally thinks, alright, this is probably enough. time to take profit.

so he tells his broker, “sell 32 bitcoins.”

after a long silence, broker finally says:

“sell to who? you’re the only buyer.”

[There is no pivot. @jonphorvath]

@LynAldenContact key weakness is the cap is way too high for the limited product-market-fit. take out the dopey speculators, that get run over by the 4-year cycle like clockwork ever 4-years, and you have a much lower market cap. the power consumption is a problem.