berean jones

GM?

You just know there's a whole target market out there who think 'Satoshi' is an up and coming clothing brand.

I admit that I didn't buy the dip. I also didn't think about selling. I wasn't bothered either way. I'm sure that half the people saying they bought the dip are faking for attention, and the other half are either referring to a preplanned DCA or disclosing an earlier purchase. (Which by the way is what all the institutions are doing, buying long ago but just getting round to telling you now, which is why the price comes down a bit not up, because it's a signal that significant buy pressure has passed and now it's bragging season). From the energy of the notes on here... cheap sats, sweet prices, bitcoin on sale, buy the dip... you'd think plebs were liquidating thousands of dollars in assets just to grab that extra stash at a massive discount. As if they'd been waiting for this dip like NPCs wait for Black Friday. A few plebs will hop on to their favourite app and acquire $50 worth of sats to back up their brag. I used to do that but I decided to stop larping a couple of years back. If I buy, I buy. If I sell, I sell. If I spend, I spend. Just relax. If you missed the dip then carry on as planned, don't be nudged either way.

#GM The company formerly known as MicroStrategy is leveraged, centralised, and dependent on capital markets. While Saylor himself can make choices like "if Bitcoin goes to $1 I'd just load up with more", the company itself can't. A collapsing stock price would force them to sell. $MSTR is a leveraged financial product wrapped in Bitcoin marketing. While the company holds an impressive 500,000 BTC, it also holds $8bn in debt. Overall, the stock price is at a massive premium to its Bicoin holdings. That premium doesn't reflect the amazing forward value of what the company does besides Bitcoin. So that's a gaping risk. We want the 'playbook' to succeed, because we want to see adoption by another few million companies on the road to hyperbitcoinization. But when this backfires it could have the opposite effect, putting corporate treasury play on ice for a decade or more. The volatility in the stock price benefits hedge funds in the short term. Volatility with liquidity, exactly what they need to lubricate their trades. The infinite money glitch sounds great but so far only tested in a bull market. If the stock price can no longer be pumped higher than its bitcoin holdings then the momentum runs out and it starts to roll backwards. Remember, convertible bonds have a floor price. If stock crashes below this price, holders demand payment. If the company can't raise capital it must sell Bitcoin. Distressed sale compounds the downward cycle. Especially as there's no clear correlation as to what drives Bitcoin's price... it doesn't care about $MSTR any more than it cares about anything else. Up forever Laura applies to Bitcoin itself on a long time horizon that smooths out the volatility in the rear view mirror. Many of us are here for that and we don't need gigachad marketing to inspire us. Bitcoin is enough. But Laura needs to understand that what applies to Bitcoin doesn't apply to $MSTR. These things are not equivalent, they are entirely different categories, different species. If $MSTR does enter a death spiral when we eventually tip into a real bear market, there's no guarantee it will recover, not even with Saylor's supremely confident utterances about hornets and the goddess of wisdom. Ask your yourself, if there is no second best, then why are you still playing around with $MSTR? Even, and especially, in your pension funds and long term investments. In fact, Bitcoin may yet humble Saylor for his leveraged plays and fiat shitcoinery, as it has humbled thousands of others. And in doing so, it may yet humble you. Get ahead by staying humble and just stacking sats. By design, that's the only viable long term play that Bitcoin tolerates or rewards. 🧡⚡💜

Thinking of doing a hard reset. Like, how would I get started with #Bitcoin today? Unburdened by all the twists and turns I've been through since 2017. Or similar with Nostr. How would I start and set up today? Without all the nostalgia and loyalty I built up in the last three years.

Bitcoin taking a short breather this week, as the plunger pulls back to launch the next round. Global M2 says we're in for a fun ride, starting sometime next week. The big top doesn't come until around September, so expect further turbulence as we grind up from $120k to $280k... before dropping back again for a 'rest year' in 2026. Of course, this all assumes we're not yet in a super cycle - ain't that right nostr:nprofile1qqsxzsz83jdwztcapd2qulzhspnyjvn6jxcypvrl0w3aahp40j4smfgpp4mhxue69uhkummn9ekx7mqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzyrhwden5te0dehhxarj9emkjmn976av6t?

Seven years old but still insightful and bang up to date. https://www.youtube.com/watch?v=34LGPIXvU5M