"Crypto" is going to zero. Bitcoin is going to 1M+.
I've been working on Bitcoin since early 2013 when it was ~$50. First it was going to zero because of Silk Road. Then Mt. Gox. Then governments were going to ban it. Then it was slow technology and it was going to be crushed by all of the other coins. Then Sam Bankman-Fried and FTX were sending it to zero. Now there are new narratives. New people that are far too levered, don't understand Bitcoin, but are somehow here to fix it.
Yet, somehow, here we are. A $1T asset.
Bitcoin has been the best thing I could have poured my life into over the last 13+ years. Meanwhile, trust in governments and their ability to stop destroying the people and their purchasing power has never been worse in those same 13+ years.
At the end of the day, my advice to you: the Bitcoin journey is a hero's journey. You kill your ego. You surrender the idea that you're the all-knower of the future, the main character, and important enough to matter to this thing. Bitcoin doesn't care what you think and it doesn't need your permission. You either have the balls to build conviction in it or you don't. You built Barstool, you know this. There is no free lunch. Nobody gets paid to show up when things are easy. Life isn't charity. Participation trophies are worthless. Those that end up getting paid do so because they build something that was simply too hard for others.
Nobody has to convince you of anything. You have to convince you. If you believe in the government and their ability to not print away your purchasing power, sell us your bitcoins. If you don't and you think Bitcoin is an idea worth believing in, have some guts.
Your choice. Bitcoin has been and will continue to be successful either way. It's on a journey of its own and it will be there for you whenever you're ready.
El Salvador’s new airport terminal is officially open. The new terminal has a family friendly line with zero wait time, custom baggage claim for surfboards, and even robotic drug detection dogs. 🇸🇻
🚨The first openly transgender person elected to a US state legislature has been sentenced to 33 years in prison for child sexual exploitation.
Stacie Marie Laughton's defense had argued for a lower sentence on the basis of his possible "retardation."
https://t.co/Ak4eMzwJAk
@BritishHodl@saylor Peak bear. It's fascinating to see the space eating itself, once again. You know we're at the bottom when high profile Bitcoiners start attacking eachother.
Good evening.
The enemy of investing is often emotion. If you find yourself suddenly questioning an investment, then that is a sign to re-evaluate the underlying thesis and decide whether you would re-underwrite the position in the same size and the same way with all the information you have today. If the answer is yes, then patience is your action.
Hope this helps.
And have a great night.
Now at $64,200, Bitcoin is sitting almost exactly at the
[1st quantile]
on the support rainbow 🌈
- - -
Looking to the last cycle bottom region (last quarter of 2022), the price traced more or less perfectly along the 1st quantile for around ~67 days before popping back up above the 10th quantile and above.
If this repeats, we would expect to jump back off the support rainbow altogether around August 9th, 2026.
It’s now well-known that SpaceX holds 18,712 BTC, making it one of the largest corporate Bitcoin holders in the world.
But almost nothing is known beyond that. As far as I can tell, Elon’s last public statement on this was in 2021 (if I’m wrong, please post in the comments section).
Now that the company is public, watch for more disclosures. This could be company plans related to BTC, possible additional accumulation, etc. Disclosures could happen in regulatory filings, quarterly conference calls, or media reports/interviews.
Traders should be watching this in coming months.
@BritishHodl It’s hardly surprising people are FOMO’ing into Space X,
it makes a pleasant change from everyone piling into @Saylor for selling 32 Bitcoin the same week he purchased 1550, make that make sense ?