sickboy

[sickboy @phx_sickboy]

@benjamincowen Number goes up but at what cost?

[sickboy @phx_sickboy]

@Bricktop_NAFO

[Nav Toor @heynavtoor]

🚨 In 1596, a 13-year-old boy answered a samurai's public challenge. He beat the man to death with a wooden staff.

Over his lifetime, he fought more than 60 duels. Never lost one.

He killed Japan's most feared swordsman with a weapon carved from a boat oar on the way to the fight.

In 1643, he retreated into a cave. Dying of cancer, he wrote a book.

The book is The Book of Five Rings by Miyamoto Musashi. Japan calls him "Sword Saint." History's only undefeated swordsman to hold that title.

Wall Street made it a bestseller in the 1980s. Corporate America called it "Japan's answer to the Harvard MBA."

I turned Musashi's strategies into 12 prompts.

Here are all 12:

[SportsCenter @SportsCenter]

How did this not go in? 😲

What a sequence from Andrei Vasilevskiy and Vladimir Tarasenko 😳

[sickboy @phx_sickboy]

@weathersgirls @Putinontheritts @stoolpresidente To cheer them up

[Axel Bitblaze 🪓 @Axel_bitblaze69]

i don’t think most people are fully grasping what changed with $BTC

yes, the 21M supply hasn’t changed.

that part is still true. the protocol still caps it. nothing new is being printed.

but the market around bitcoin is completely different now, and that’s what people are missing.

back in the early days, if you wanted exposure to bitcoin, you had to actually buy bitcoin.

simple. supply was supply.

but now? wall street built layers on top of it.

futures, options, ETFs, swaps. and all of these allow multiple players to take exposure to the same coin at the same time.

so imagine one real bitcoin sitting in custody somewhere. on top of that one coin, there are multiple financial claims.

multiple leveraged bets. longs, shorts, basis trades, ETF shares all referencing the same underlying asset.

no new bitcoin is being mined. but financially, exposure keeps expanding.

that’s the key difference.

on-chain scarcity is fixed. financial exposure is not.

and that changes how price behaves in the short term.

because now price isn’t just moving based on someone buying spot and holding.

it’s moving based on open interest, funding rates, liquidations, leverage getting added and removed.

you’re seeing long wicks because positions are getting forced out, not because the 21m cap changed.

paper exposure expands during euphoria. then it collapses during liquidations. that expansion and contraction makes it feel like supply is flexible.

but here’s the important part.. it’s only flexible in the trading layer.

long term, derivatives don’t create new coins. they create temporary claims. when leverage gets wiped, those claims disappear. the underlying bitcoin is still sitting there.

so yes, short term, paper bitcoin distorts price discovery. it amplifies volatility. it delays clean supply shocks. it creates fake breakouts and fake breakdowns.

but long term? scarcity is still scarcity.

[sickboy @phx_sickboy]

@xlatentspace @DongyJammin

[sickboy @phx_sickboy]

Bitcoin must hold its critical meme level of $69,420

[sickboy @phx_sickboy]

@TylerSCrypto Just go all in on November 23rd

[sickboy @phx_sickboy]

@DefiantLs @LockPickingLwyr will know what to do

[sickboy @phx_sickboy]

@BR_OpenIce The flex on that stick is kind of wild

[B/R Open Ice @BR_OpenIce]

Myers clapper just knocked Swayman's helmet off CLEAN and he was SHOCKED 😳

[Satoshigallery @satoshigallery]

Satoshi is back in Lugano!

We repaired the broken statue inspired by Kintsugi, the Japanese art of repairing broken pottery.

The scars have been painted in orange as a symbol of the resilience and anti-fragility of the bitcoin ecosystem.

We are all Satoshi!

Thank you for supporting us, it was magical.

[lovedarksoul @lovedarksoul]

Your 20s are the best years of your life.

Me in my 20s:

[sickboy @phx_sickboy]

@LigmaMael @StutteringCraig We are aware, there's no reason a graphic warning can't block these videos from autoplay

[sickboy @phx_sickboy]

@KrownCryptoCave perhaps it'll be a crab moon

[Fiboswanny @FiboSwanny]

They soon will own the grids, the water, the air, the everything, and we call it civilization.

BlackRock calls it collateral, and we are just walking interest payments.

[sickboy @phx_sickboy]

@TylerSCrypto sounds like you don't buy bitcoin everyday which means you are not bullish enough

[cygaar @0xCygaar]

If you're still in crypto today, congrats.

It wasn't luck that brought you here.

It was mental illness.

[sickboy @phx_sickboy]

@StutteringCraig @grok replace the bottle of orange juice with the SpaceX starship