BoomTown

There is such selling resistance after any upward rip. We flew through 98,000 and the suddenly there was a huge wave of sells at 98,250. Completely manipulated market. Price suppression by major players.

2025-05-08 02:46:20 CEST

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It’s cheaper than raising equity for a small venture.

2025-05-08 02:15:58 CEST

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See … we need NGU so that more people can accept below market compensation.

2025-05-07 16:18:36 CEST

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I think bitcoin’s price action is because the Fed has been buying a couple/few dozen billions worth of treasuries each of the last few days.
But look over there and not over here.

2025-05-07 02:57:02 CEST

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This is a natural progression for bitcoin. If bitcoin is going to act like “money” if it is “fuck you” money … perfect property rights, then a major method of monetizing that property is using it as collateral. Obviously it is riskier at this stage than it will be later but equity costs are 20%+ for small ventures.
Prudent use of leverage using bitcoin as collateral is 100% legit. Finding opportunities that will safely deliver 20%+ returns will be challenging, though.

2025-05-06 18:38:40 CEST

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It’s irrelevant to anyone living today. There is no reason that an end coming after another 400M years requires investment today.
Zero. It’s 100% alarmism and aimed to justified continued government spending on his ventures.

2025-05-06 18:23:13 CEST

//alarmism!!!
“Give me more fiat $$$.” -Musk
#note1fvz…n4xw

2025-05-06 17:50:59 CEST

Our guy!
#note1krp…r9wn

2025-05-06 14:35:14 CEST

164,362.5 newly issued bitcoin per year.

2025-05-06 14:32:45 CEST

OVERPLAYED: the concept of “diminishing returns” in bitcoin price appreciation
When capital allocators, working on behalf of thousands or millions of people start buying bitcoin, the effect will be greater in magnitude and velocity than individuals buying bitcoin in retail markets.
Short term supply is trending down…tick tock.

2025-05-05 23:06:05 CEST

The class of 2021 hasn’t been rewarded for our hodling through the longest bear market in Bitcoin’s history.

2025-05-05 20:37:08 CEST

Coinbase is this cycle’s FTX

2025-05-05 20:14:46 CEST

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It is crazy, isn’t it!? How has the price not moved?

2025-05-05 19:07:18 CEST

Absolute scarcity, I hardly knew thee.

2025-05-05 17:49:48 CEST

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What have they been doing for the last 18+ months?

2025-05-05 16:38:31 CEST

Same energy:
https://youtu.be/hWMnbJJpeZc
#note15pw…0um4

2025-05-05 16:38:13 CEST

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https://youtu.be/hWMnbJJpeZc

2025-05-05 04:03:55 CEST

How humbling it must be to be a fiat billionaire, recognize Bitcoin for what it is, and not be able to control the price action.
Unless you’re Trump and Lutnick…then you fucking control it. What the fuck are you doing?
Puhmp it.

2025-05-05 03:42:28 CEST

Coinbase is fucking gay AF
#note15pw…0um4

2025-05-05 03:41:47 CEST

He fought the good fight. RIP
#note15dh…wun7

2025-05-05 03:18:19 CEST

Seriously assholes. Just start worrying about NGU … everything else takes care of itself.
#note19ht…uhmn

2025-05-04 16:40:59 CEST

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I think Tether is on the way to be a direct replacement. They’re the ones buying US Treasuries

2025-05-04 16:40:17 CEST

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No but you can go hashtag by hashtag and follow what you’re interested in.

2025-05-04 16:34:20 CEST

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You can. Or at least hashtags.

2025-05-04 16:24:58 CEST

Only question is when…sucks for them. Haha.
#note1muf…579w

2025-05-04 16:22:39 CEST

Bitcoin replaces the Federal Reserve.

2025-05-04 14:15:57 CEST

“Bitcoin sets the cost of capital!”
“Sats flow!”
Only if NGU.
Storer of value? Medium of exchange? Unit of account?
Only if NGU.
Perhaps all the rich bitcoin OGs should return to their roots and remember that there is an entire generation of bitcoiners who have been in - some all-in - for 4+ years and all we have is a stupid “bitcoin $100k” hat.
Absolute scarcity needs to do its thing. The fact that it hasn’t yet shows that while bitcoin influencers circle jerk with podcasts and venture capital firms, the credibility of bitcoin as money is being interfered with by Coinbase, binance, and the like.

2025-05-04 04:49:17 CEST

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When bull market @npub1qny…95gx ? Class of ‘21 wants to know.

2025-05-04 03:03:20 CEST

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100%

2025-05-03 21:22:41 CEST

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Should only take them 2-3 years to ramp up their manufacturing capability. Things will totally be stable in the meantime.

2025-05-03 20:25:46 CEST

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Katie Hobbs NGMI

2025-05-03 19:49:05 CEST

Where is the puhmp!?
#note17my…j573

2025-05-03 19:43:32 CEST

Financial leverage = balance sheet position
Operational leverage = life position
Having both at the right time leads to incredible wealth.
Having both at the wrong time leads to financial ruin.

2025-05-03 16:32:30 CEST

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FTX suppressed price and adoption. That showed up in court filings. The Bitcoin market is 100% being manipulated. Last cycle it was FTX, Celsius, etc. … this cycle it is Coinbase, Binance, etc.
Adoption of a digital technology is not the same as mechanical, supply chain heavy technology.
I think you’re a spook.

2025-05-03 16:09:37 CEST

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That’s a simp take. All networks grow exponentially. Power law was the response to S2F … power law is for simps and spooks.

2025-05-03 15:57:04 CEST

Can we go back to worrying about NGU … ?
Im annoyed AF right now. 100+ days since the ATH and even that was kinda late and pathetic based on historical standards.
Exponential means exponential. Not linear. Not diminishing returns.

2025-05-03 00:25:11 CEST

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Class of ‘21 waiting patiently

2025-05-02 04:41:08 CEST

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I would like more of a bump in purchasing power before I *really* start spending mine, though.

2025-05-02 02:34:33 CEST

Class of ‘21 maxis are the real ones.

2025-05-02 01:34:53 CEST

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It might also be because those entrepreneurs are more willing to accept absolutely terrible terms to accept Sequoia $$$. And they’re easy to get rid of without creating a network effect firestorm.

2025-04-30 19:22:22 CEST

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Andrew Jackson

2025-04-30 14:57:33 CEST

100 days since the ATH. Worst bull market ever.

2025-04-30 07:57:33 CEST

@npub1guh…6hjy left the door open to “supercycle” on last week’s @npub10ut…xdlq … we’re not humble enough, yet.

2025-04-30 04:06:10 CEST

The most valuable and prettiest and toughest part of Canada wants out? I wish them well in their efforts.
#note19dl…gfew

2025-04-30 03:54:56 CEST

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🙄

2025-04-30 03:37:01 CEST

@npub1de6…q0sd how important is this $95k resistance?

2025-04-29 17:36:17 CEST

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So full of dysfunction, ignorance, and disengagement? Sounds like a great way to live life.

2025-04-29 16:42:43 CEST

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I’ve started to use Velos to replace alcohol. A little discouraging to hear that I might not being doing as much good as I had hoped.

2025-04-29 16:32:03 CEST

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So you’re saying 40-70 mg a day is too much? 😂 I’m doing it wrong.

2025-04-29 04:25:57 CEST

Canada’s NGMI
#note1wtz…dyzu

2025-04-29 04:13:40 CEST

At some point this guy should stop with predictions…he misses on all of them.
https://image.nostr.build/3072cb7e29ffc20698e6e88b82efc4eb9a52c4502dad2c94e6559cfee8d17aea.jpg

2025-04-27 17:26:27 CEST

We can’t hate the communists enough.
#note160j…03qq

2025-04-25 15:44:31 CEST

@npub1rtl…jtfs 😏
#note1xkt…55ez

2025-04-25 04:47:50 CEST

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Nah, there will always be value to territories with claims over resources - energy and assets. There will always be government and it is reasonable to expect that the United States will continue on for decades to come. The fact that the United States is getting onboard with (maybe even embracing) bitcoin means that they will be best positioned to navigate the transition. And as Bitcoin is still in its infancy for medium of exchange, the USD will still be used to settle commerce in the short to medium term (10+ years).
Bitcoiners can’t keep others from using bitcoin and bitcoin being integrated into legacy systems and institutions. Bitcoin wins in the end and the dollar will be stronger for the USA embracing Bitcoin than it would without the government’s support.

2025-04-24 22:59:14 CEST

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Too expensive. Materials and labor would be 4x what goes into a house these days.

2025-04-24 18:44:12 CEST

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A step indicating they might offer proof of reserves but obviously isn’t there yet. Show us the address(es).

2025-04-24 16:18:03 CEST

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It will convert into XXI upon close of the transaction.

2025-04-24 04:50:24 CEST

WTF will keep this bull run from fully manifesting in the next 3 months? … like full on, face melting upside price action. If we are winning then the class of 2021 needs to experience their windfall moment.

2025-04-23 03:48:54 CEST

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Fuck me.

2025-04-22 23:51:24 CEST

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Spoiler: they won’t

2025-04-22 23:49:48 CEST

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Exactly.

2025-04-22 22:51:38 CEST

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I thought on the (only) couple days we ripped, they had some shenanigans.

2025-04-22 16:46:08 CEST

GDI @npub1hk9…ppcr now we’ll definitely see $85k again.
#note15dr…wenp

2025-04-22 15:46:43 CEST

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WGAF … unless it’s Joe Kernan everyone else at CNBC is a LARP

2025-04-22 03:36:50 CEST

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“Ripping” …
https://tenor.com/view/marvel-is-it-though-thor-bruce-banner-gif-14242312

2025-04-22 03:10:52 CEST

Again, this guy is good.
#note1py7…ldmh

2025-04-22 00:27:17 CEST

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🔥🔥🔥

2025-04-21 23:48:31 CEST

This guy is good.
#note1qzx…y80j

2025-04-21 23:21:38 CEST

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Except flamethrowers and machine guns
😬

2025-04-21 19:43:15 CEST

Demand proof of reserves.
https://stocks.apple.com/AUPoDOouLSXiTWZoaRVwuEg

2025-04-21 15:44:56 CEST

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Bitcoin fixes this.

2025-04-21 05:46:31 CEST

https://tenor.com/view/the-big-short-smile-happy-gif-21062813
#note1xes…mpm6

2025-04-21 05:23:31 CEST

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Yes.

2025-04-20 16:22:23 CEST

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In fairness, I think MSTR (non-custodial bitcoin) is mostly acting like a buffer to limit the bull market. Getting folks like Jesse Myers and Preston Pysh to geek out on the theory of MSTR (which is totally sound) and attract capital that would otherwise allocate directly into fully custodied bitcoin.
They’re buying time for the nation state adoption phase. FTX was the attack on Bitcoin and it failed. At worst, MSTR is the vehicle to slow price appreciation so that they can coordinate as orderly of a transition as possible. Coinbase is 100% in cahoots with the US government.

2025-04-19 05:54:19 CEST

What. The. Ever. Loving. Fuck. Is. This. Shit?
#note16un…s7w4

2025-04-18 17:32:52 CEST

“Long your longs.”
-David Bailey, January 18, 2025
Bitcoin price: $101,000

2025-04-18 17:06:19 CEST

Fiat habits die hard.
#note1tgv…eq4g

2025-04-18 16:23:29 CEST

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IMO trade war will become a kinetic war as soon as they really start to lose. Or as soon as we start to lose. The stakes are too high.

2025-04-18 15:19:57 CEST

When is the supply shock? 😬

2025-04-18 14:29:43 CEST

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Yeah, they deserve pity. Especially once the charade ends and they’re exposed for not actually having what they think they have.

2025-04-18 05:49:20 CEST

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I blew my streak in February 2023 while in Breckenridge! Before that I had never puked from alcohol and had last puked in 2002. I’m convinced it was as much to blame on the altitude as the alcohol! But - alas - I had to start over.

2025-04-18 05:13:11 CEST

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Sure but do it on a mineral / agricultural GDP basis … service economies are about to go belly up.

2025-04-18 05:12:01 CEST

At a dinner tonight, the US Treasury market came up. I characterized last week as a collapse that required Trump to fold his hand.
An old wealthy real estate guy, balls deep in a real estate PE vehemently disagreed with me, saying that the treasury market was fine and that “he checks it 10 times a day” he would know … unrelenting, I pulled up the Apple stocks app 10-year US treasury chart and showed him that it collapsed between April 7-April 9 which coincided with Trump blinking on his tariff strategy … he quickly changed the subject to something totally unrelated with the other 3 guys in the group. After about 5 minutes, I asked if we could revisit the treasury market discussion. He aggressively embraced my upper arm a couple times, looked away and proclaimed that “he wasn’t going there again” and then walked off to “get another drink.”
We’re winning and they know it.

2025-04-15 03:22:50 CEST

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This guy 👍🏼👍🏼

2025-04-15 00:13:52 CEST

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Coinbase is in cahoots with higher powers.

2025-03-18 14:09:17 CET

Really, David? This week is gonna be a big week?
https://image.nostr.build/09d488d5538871c6d6afc2986de44c9e7703abb693422736a0fabd08e9665a0a.jpg

2025-03-18 11:38:54 CET

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Demand proof of reserves from MSTR. Demand proof of reserves from the ETFs. Demand proof of reserves from Coinbase.

2025-03-17 20:35:55 CET

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https://tenor.com/view/rage-christian-bale-gif-20211156

2025-03-17 19:09:35 CET

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If Coinbase has 90% reserves and 10% float, that’s an extra year’s worth of issuance. Y’all don’t think Coinbase is able to float a percentage of their coins they believe won’t ever move (…cough cough MSTR.)
@npub1rtl…jtfs @npub1qny…95gx

2025-03-17 18:54:37 CET

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Don’t know how accurate the # 10.83% is but the order of magnitude is meaningful, regardless.
2M Bitcoin is more than all the bitcoin left to be mined.
Think of the shenanigans possible with coordination of the major economies, regulators.
https://bitbo.io/news/coinbase-custodies-2-million-btc/

2025-03-17 18:49:01 CET

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How it’s going…
https://www.reuters.com/technology/us-sec-announces-dismissal-civil-enforcement-action-against-coinbase-2025-02-27/

2025-03-17 18:48:28 CET

How it started…
https://www.sec.gov/newsroom/press-releases/2023-102