Robert Dawborn

#Bitcoin fun-running, buddhist-leaning psychotherapist integrating eastern and western traditions of meditation & spirituality

[Willy Woo @willywoo]

Here's the highly liquid BTC by @glassnode, these are coins that move quickly between investors, i.e. traded. The smaller the number, the more bullish it becomes as there's less coins available to be bought.

20% less.

Meanwhile a 20-30% gain in paper BTC to make up for it.

[Willy Woo @willywoo]

This is a slide from my TOKEN2049 talk. It's the ratio of "paper BTC" (combined futures open value) that's traded vs the real BTC that is highly liquid and traded. We are now in a regime of 20-30% more BTC being traded. This counteracts a bullish supply shock.

[Willy Woo @willywoo]

This is a blog sized post, explaining why the rise in size and liquidity of paper BTC markets is an enemy to BTC.

And answers why a spot ETF was held back for so long.

[Willy Woo @willywoo]

#Bitcoin solved personal sovereignty over assets. We hold it, we send it, nobody can stop us. But to be useful it needs a price.

Thus its weak point: it's price can be suppressed by synthetic BTC. This is why a spot ETF has been delayed for so long in favour of synthetic ETFs.

[Willy Woo @willywoo]

Will buying up the inventory of BTC on exchanges moon the price?

NO! This is a fallacy. This happened all through the 2022 bear.

There's no supply shock because synthetic BTC via futures markets added to inventory.

The market made a bottom when futures markets relented.

[Willy Woo @willywoo]

A spot ETF will help rectify this issue.

For 7 years the spot ETF has been denied, while futures markets have flourished.

The SEC's agenda has been very clear.

[Willy Woo @willywoo]

On a personal note... neglecting to account for the macro impact of paper BTC was a big failure of mine. I saw the market bullish in early 2022 by reading on-chain (spot) flows as bullish, all the while the leviathan of futures impact was saying the opposite.

[Edward Snowden @Snowden]

If you're on an iPhone, this is the best article so far explaining the #nostr/Damus app everybody is talking about:

https://t.co/4yyNQJtOR8

[Robert Dawborn @willungacottage]

Verifying my account on nostr

My Public Key: npub1aj32ewl52dcseucwacst2krdlqn8sypstkywhvzphhs33sff8dkqqdp0nl
Find others at https://t.co/G52Jv02Lx3 @nostrdirectory #nostr

[Robert Dawborn @willungacottage]

@JeffBooth @lauradaughtry Yes can definitely relate… it is another world for most people… you need motivation time and energy to go down the rabbit hole…. Probably helps to be an independent thinker as well…

[Robert Dawborn @willungacottage]

@JeffBooth @lauradaughtry Yes keep it about empathy and compassion.. love … give up attack or defense in the service of protecting our ego…😌

[Robert Dawborn @willungacottage]

@LynAldenContact I agree same here …a lot of scammers … will help with your BlockFi problem or posing as some romantic interest

[Robert Dawborn @willungacottage]

@RivaTommaso @Film661 An essential point … the judge must listen to this …however I suppose the judges position might be that the pause time stamp is whenever BlockFi decided to pause … rather than the time stamp of formal … ie email notification of the pause….

[Robert Dawborn @willungacottage]

@PeterSchiff I wonder what’s motivating you … I find it hard to believe you believe what you say about Bitcoin…surely you can see understand the fundamentals and see the long term bull trend… what game are you playing… probably obvious to some ..please explain his incentives…😝

[Robert Dawborn @willungacottage]

@willywoo @PeterSchiff Peter Schiff… what’s motivating him… it’s all a bit confusing …

[Robert Dawborn @willungacottage]

@BanoffeePie69 @willywoo @PeterSchiff ??

[Robert Dawborn @willungacottage]

@Politix_LIVE @bitcoinarchive Brazil, Russia, India, China, South Africa…a group of nations with fast growing economies.. perhaps economic power will gravitate to them..

[Robert Dawborn @willungacottage]

@Politix_LIVE @bitcoinarchive What is BRICS?

[Robert Dawborn @willungacottage]

@blockbrands @bitcoinarchive Yes user experience is crucial should not be ignored … but rather should be an absolute priority!