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WhiteRabbit
WhiteRabbit@primal.net
npub1xw80...pukx
#bitcoin
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WhiteRabbit 1 year ago
It’s not about how many dollars your bitcoin is worth. It’s about how much bitcoin your dollars are worth.
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WhiteRabbit 1 year ago
I don't know how he does it buy everytime i listen to Saylor talk about something new i get more bullish. He is just so fucking good at providing perspective and clearly communicating
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WhiteRabbit 1 year ago
Just as a thought exercise it's fun to think about the power of absolute scarcity in bitcoin. For example if you own 6.15 bitcoin of a total supply cap of 21mm you own an effective 0.00002929% percent of ALL available wealth in the network. By comparison if i took that same bitcoin value in USD i'd have roughly $378k or 0.00000008% of all available global wealth ($454 tn) at present day and shrinking literally every single day due to central banking inflation. So my bitcoin holdings represent 351x more relative purchasing power WHICH WILL NEVER BE DILLUTED. Arguably that purchasing power will only increase as coins are lost. The upside of holding bitcoin right here is bonkers as more people seek a better store of wealth. Still so early...
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WhiteRabbit 1 year ago
Just checked my plebclock. 1 btc still = 1 btc image
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WhiteRabbit 1 year ago
The idea that bitcoin will become a 2% allocation of NPC's portfolio is absurd. Bitcoin is the closest thing to perfection we have of a long-term deflation resistant storage mechanism that is literally programmed to go up. To think that 98% of peoples portfolios will continually play the stock market casino (with insane tail risk) driven by advisors who are going to underperform bitcoin is insane. This may take an entire cycle or two to flush out but bitcoin will become much more then 2% of the average persons portfolio. Bitcoin will destroy all models.
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WhiteRabbit 1 year ago
Net inflows of 11.2k BTC yesterday. Over 12x the new supply and in 50 days that single day of inflows would wipe out 24 days of new supply. Absolutely bonkers. Anyone selling right now is out of their minds.
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WhiteRabbit 1 year ago
Less then 6.5% of supply left to mine and ... checks notes... 116 more years. You do not have enough bitcoin.
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WhiteRabbit 1 year ago
There are far too few services focused on over-collateralized bitcoin lending. It's literally risk free when done right.
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WhiteRabbit 1 year ago
It's crazy how Coinbase largely has the entire bitcoin market cornered. Things getting too hot? Put a short in, crash the market by bringing you infrastructure down, profit. It's happened dozens of times before by the bald fuckface Brian Armstrong. 10 years going the guy still can't figure out how to scale his infrastructure for peak demand.
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WhiteRabbit 1 year ago
Market humbled us. Thank god or @ODELL was about to change his profile pic. image
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WhiteRabbit 1 year ago
Meanwhile at Coinbase server ops another intern seems to have tripped over a cord sending the entire exchange down. How many times has Coinbase been responsible for killing a red-hot market? I've been in this so long i've lost count of how insanely shitty their infrastructure is at handling peak loads. image
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WhiteRabbit 1 year ago
Listen carefully. Do you hear it? It's the sound of the worlds productivity plummeting while we all watch the bitcoin price chart. lmao
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WhiteRabbit 1 year ago
Interest rates still high. Money printer isn’t on yet. Still pre-halving. GBTC hasn’t completed its bleed out. RIA’s still sidelined. FASB accounting changes. Retail is sleeping? You are not nearly bullish enough .
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WhiteRabbit 1 year ago
That look bitcoiners always get. Today we're geniuses fam. Remember this when we go back to 85 iq in the bear market and the NPC's are rejoicing they didn't buy bitcoin because it just crashed all the way back down to 150k. image
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WhiteRabbit 1 year ago
Looking back at some of the pre-launch analysis of ETF markets from Galaxy Research. They estimated 14.4bn net inflow year one and we're currently ~1.5 months into trading and net inflows are sitting at 6.7bn. If inflows stayed static at the current rate the1 year inflow would actually be around 50 billion for year one or beating expectations by about 350%