💯

newer car usually translates to higher monthly insurance premium. mystery solved. 😉

So, last week Strategy sold MSTR at an average price of ~$121/share and bought BTC at an average price of ~$63K. With BTC that low, IMO, this will almost certainly end up being a good move. Unfortunately, just last month, at their Q1 earnings call, they revealed the slide below to explain when selling shares to buy BTC would be accretive (and vice versa). Based on the average prices above, prior to these moves, their BTC Reserves sat at ~$53B, and their ADSO Market Cap sat at only ~$46B - well below the "BPS Accretive Breakeven" point as indicated by their own slide. As per usual, Saylor's biggest PR problem (and likely rating agency problem, btw) isn't that he's selling equities to buy bitcoin... it's that he keeps saying one thing while doing another.

I'm pretty sure the cycle is inversely correlated with bitcoin's price volatility.

Yeah... it's a shame. That combined with the recent support for making USDC payments (with 0% fee) has me mildly concerned that Cash App is starting to lose the plot.

Is that inflation adjusted? 😜

I would delete my twitter account, if I could. It was suspended about 8 years ago, and I was informed it would be reinstated after I verified it by providing phone number - at which point, I instead to decided to just abandon it out of principle. AFAIK, it still exists, but I don't care enough to verify it just so I can delete it. For all its faults, at least Nostr is pure. *I don't really care whether or not people quit Twitter; or whether or not they go back. Though, making a big public spectacle about either just seems like a lot of main character syndrome to me. 🤷

I think he simply adds the perspective of just reading the charts - without any regard for any other context... for whatever that might be worth. 🤷 of course, he likes to pretend there is context for what his charts are telling him; e.g. "unlimited supply of crypto" - but today's show has finally convinced me this is just the best concocted rationalization he has managed to come up with for what he can't otherwise make at least sound plausible at all... and once he has a good sounding mantra he can just repeat ad nauseam ("unlimited supply", "devil's metal", "be buying when they're crying", "be selling when they're yelling")... he's sticking with it. 🤣

Not exactly. 15.5K in 2022 was obviously lower than the previous cycle's high of 20K in 2017. IMO, a much better demonstration of bitcoin's 4-year 'cycle' consistent resilience is that the 200-week moving average has never trended down... ever:

It might be a good idea to stop necessarily conflating follows with 'trust'. WoT based on follows is a good starting point; but, ultimately, more granularity will be needed before it can be an actually useful model for reputation. Do I unfollow the person? No - but, I follow plenty myself just for signal; not because I would say I necessarily 'trust' them.

https://www.youtube.com/watch?v=A_hlcieuNzE