On the paper bitcoin shit I will repeat this as many times as necessary. 1. Yes this is a bubble 2. I believe we are in the infancy of that bubble 3. I will be and already am participating in that bubble 4. I will be attempting to sell the top of this bubble 5. This bubble will get very large 6. Then it will pop 7. Many people will cry 8. Fortunes will be won and lost 9. This is good for Bitcoin 10. None of this shit can ever replace real bitcoin, donโ€™t over index on it. Big bubble go boom boom at some point. You lose money, you lose btc. You cry. You sad. You no like.

Replies (33)

SoapMiner's avatar
SoapMiner 7 months ago
I'm just to keep selling soap, and stacking Sats.
HODL's avatar HODL
On the paper bitcoin shit I will repeat this as many times as necessary. 1. Yes this is a bubble 2. I believe we are in the infancy of that bubble 3. I will be and already am participating in that bubble 4. I will be attempting to sell the top of this bubble 5. This bubble will get very large 6. Then it will pop 7. Many people will cry 8. Fortunes will be won and lost 9. This is good for Bitcoin 10. None of this shit can ever replace real bitcoin, donโ€™t over index on it. Big bubble go boom boom at some point. You lose money, you lose btc. You cry. You sad. You no like.
View quoted note →
SaaStoshi's avatar
SaaStoshi 7 months ago
I don't know if it's a bubble, but it's definitely an easy entry point for many investors who want Bitcoin exposure without educating themselves about it. The real challenge : how do we get them from exposure to actual Bitcoin ? #BTC #Privacy #SelfCustody
Not a bubble at all. I think you are wrong on this one. It's the beggining of the supercycle The risk of these companies' custodian losing bitcoin is there. So I agree don't over allocate. Though I trust Saylor in being bulletproof solide on the custodian side. Same for Metaplanet wirh Dylan Leclair
The mNAV is a bubble. I think systemic treasury liquidations will be highly localized and thus contained. The inter entity risk is not there like with FTX or legacy banking crises
Cody's avatar
Cody 7 months ago
Modern shitcoiner trading years of good advice for mOaR gAiNs!!!
HODL's avatar HODL
On the paper bitcoin shit I will repeat this as many times as necessary. 1. Yes this is a bubble 2. I believe we are in the infancy of that bubble 3. I will be and already am participating in that bubble 4. I will be attempting to sell the top of this bubble 5. This bubble will get very large 6. Then it will pop 7. Many people will cry 8. Fortunes will be won and lost 9. This is good for Bitcoin 10. None of this shit can ever replace real bitcoin, donโ€™t over index on it. Big bubble go boom boom at some point. You lose money, you lose btc. You cry. You sad. You no like.
View quoted note →
I bet the $GNS horse with you. She looked like Barbaro for a while, but is starting to look more like Secretariat.
How long are you thinking it takes for this bubble grow sufficiently and pop? What top are you targeting?
"10%? Thatโ€™s chill! You think thatโ€™s enough to stack up for the future, or should we be aiming higher? ๐Ÿ’ธ๐Ÿค” #InvestSmart"
Default avatar
Duvel 7 months ago
Does or will paper bitcoin create the scenario that there are more than 21 million bitcoin or are they only created and based on actual bought bitcoin in self-custody?
Paper bitcoin pop up every cycle ftx was selling paper bitcoin last cycle. Long term it gets corrected
I havenโ€™t decided if Iโ€™m gonna try to time this bubble. I probably will with my retirement money because then I donโ€™t have to think about taxes. The thought of writing a check to the government makes me want to vomit, even if it means more bitcoin.
โ†‘