Jeremy Milim

I've made a slideshow summarizing The Bullish Case for Bitcoin by @real_vijay drive.google.com/open?id=17E4-O…

Nice speech, but the practical reality is that Presidents routinely order strikes without prior congressional approval, and this has been accepted practice since the Korean War (which Truman entered without a declaration of war.) The war powers resolution was designed to reign in this power, but no president has conceded that it is binding, and Congress has never successfully enforced the withdrawal provision. So here are your choices Mark: 1) Turn to the courts 2) Vote to de-fund the military 3) Introduce and pass a better bill to expand congressional war powers Good luck with any of these. You already know all of this, but you also know how to pander to your base.

Overnight, the president conducted expansive U.S. strikes – not limited to nuclear or missile infrastructure but extending to a broad set of targets, including senior Iranian leadership – marking a deeply consequential decision that risks pulling the United States into another broad conflict in the Middle East.

@real_vijay Narratives come and go, but Bitcoin still has the best core properties of an ideal money. Hopefully I’m alive to see it fulfill its destiny as the de facto ubiquitous store of value, means of exchange, and unit of account.

The hardest part of Bitcoin bear markets, for those who haven't experienced them before, is the creeping doubt you may feel. Everyone around you may think you a fool - friends, family, the media - and you may start to believe them. When it doubt, remember that the fundamental reasons why Bitcoin is valuable have not changed. If you need to strengthen your conviction simply revisit those fundamental reasons and realize that the market is not always rational, but eventually it will be. vijayboyapati.medium.com/the-bullish-ca…

@EpsilonTheory Narratives comes and go, but Bitcoin still has the best core properties of an ideal money. Hopefully I’m alive to see it win.

The biggest problem for Bitcoin!™ is that all of the NGU narratives are dead. ‘Store of value’, ‘digital gold’, ‘inflation hedge’, ‘new monetary system’ … the crowd no longer believes that the crowd believes any of this anymore. Common knowledge works both ways.

@BTC_Elementary Disagree- it’s about being able to flip a switch and take custody in an instant if/when shit hits the fan. We will get there.

I used to think that Bitcoin was inevitable. Now I think it will probably fail. It will continue to work and bitcoiners will continue to rise with the tide, but I don’t think it will liberate the world. The older I get, the more I see that most people don’t want that kind of freedom and responsibility. And the people with the power to program freedom into the system get corrupted somewhere along the way. I’m still incredibly grateful for Bitcoin so that those who DO want that kind of freedom can have it.

@TedPillows Given the huge deficit and or inability to fund it with tax receipts, wouldn’t a close above this level lead to monetization of the debt and debasement? Seems good for assets with scarcity

The breakout has now happened. Watch out for a daily close now. If that happens above this trendline, risk-on assets will suffer more.

@NoaMagid Hi!

If you hate terrorists and your account is under 5K, say hi — we’ll follow you.

@theamelia__ Looks like an ear 👂

@freiheitsmasch @stackhodler That’s amazing and would 100% change my behavior. It would be interesting to see if the tax incentive to hold long term in the US leads to overall higher risk-adjusted returns for investors.

@JeremyMilim @stackhodler No capital gains tax in Switzerland. No tax on crypto gains in Germany if you hold for min one year. So both countries are great for trading the 4 year cycle.

Ignore the accounts that said there was no reason for being bearish in the past few weeks. Their mental models were incorrect. We will likely bounce at some point very soon as things have probably gotten a little exaggerated in the short term. But trying to time an exact bottom is an ego thing. It's how you end up bull trapped. As I said when we broke the 50 week moving average... Last time that happened it took two years until we reclaimed that price again. So mentally prepare for that. If we are going to resume the bull run... We have a long way to go before the chart inspires confidence. So either DCA with the knowledge that we could go lower, or assume everything is a bull trap until we regain some serious bullish momentum. In the very long run, I suspect $83K will be a great price. But I'm less confident that it will be in the short/medium term. Everyone's situation is different. You have to think for yourself. Personally I'll be backing up the truck if we enter deep value. Patient until then. Also happy to re-enter if we reestablish a clearly bullish trend. I don't care about proving my faith to Bitcoin by hodling only or buying every dip. I'm not here for likes or creator revenues. I'm here to allocate my family's capital as best as I can and share my thoughts along the way for those who care.

@Budgetdog_ Probate does not cost even a fraction of that amount in the vast vast majority of cases.

If you die without a plan... - The government takes 40% in tax - Probate court costs $100k+ - Your kids get the scraps If you love your family, here's every document you need to protect them: (from a CPA & father of two)

It's amazing how tough it is to be an unemotional investor. Right now, I want to sell with every fiber of my being. Everything feels terrible. I think we go lower before we go higher, but... 1- short-term trading is not my strength, and is not tax efficient 2- I have long-term conviction in my positions So I hold, and I wait, and I endure the pain. That's what it means to be mentally tough. To make decisions based on logic even while recognizing that the emotion is there, lurking, pushing you. PS: I'm self-aware enough to know that the emotion would take over if I utilized leverage or had massive concentration in my positions. Know thy self. $btc $fnma $fmcc

@ankurnagpal Would love a copy, thanks!

I wrote a Notion guide on what I would do differently as a founder if I were to start from scratch: I talk about equity, fundraising, raising money, taxes, hiring & paying my team, running finance, selling secondaries & exiting Leave a comment & I'll DM you a copy

@nntaleb I know you are smart, so it’s clear your mental clarity on this issue is clouded by deep emotion.

Propagandists trying to cover-up the genocide using technicalities are playing with your mind. They are just rejecting the narrow designation to confuse you into thinking there are no atrocities. If it's "not" genocide, it's something EXTREMELY similar, somethg they can't deny.

@MerlijnTrader Nonsense. Literally all this shows is that the nominal increase was $50k from '17 to '21, and again $50k (so far) from '21 to now.

IT'S OVER FOR BITCOIN. SEE YOU ALL IN 4 YEARS. Same line. Same rejection. Every cycle looks unstoppable... until this line kills the momentum. This isn’t a breakdown yet. But history says: respect the line. Break this, or break down. No in-between.

We may be close to a bottom in $BTC: If I were a whale trying to liquidate, I'd tell my broker "look, BTC is trading at $120k. I want you to sell many coins as you can for at least $100k".

@cryptorbion The issue with trying to position short-term is that you wind up with short term rather than long term capital gains.

🚨The bull market is officially OVER Extreme fear is back, BTC dropped to $99K Most will lose everything chasing old highs Here’s my full Bear Market plan to preserve wealth👇🧵

@brucefenton As long as everyone has the choice to self-custody, whenever they want to, without friction or impediments, then bitcoin is living up to its promise.

Bitcoin deserves to go down if all it is is a trad fi extension designed to enrich Wall St via financial engineering, fractional reserve paper and centralized grifting. What made Bitcoin great and built it was its promise of being better money - code based predictability in a world of chaos. The cypherpunk ideals of uncontrollable value that can be exchanged in an unstoppable way is what gave Bitcoin value. If you wrap it all up in a bunch of traditional banking wrappers with AML KYC, central control and banker shenanigans then it loses its main value proposition. The only way this works is if we stop trying to kiss up to the old broken system and instead work to replace it. Reject centralization. Get your Bitcoin off exchanges right now.

@alexstanczyk I’ve thought of doing it for free many times

If you were offered 5 bitcoin to uninstall twitter forever would you do it

@maxcrypto You are giving too much of a shit. Bitcoin rewards the people who just want to own for years and not think about it or look at it.

I'M F*CKING DONE WITH THIS MARKET. GOOD NEWS, BTC GOES DOWN. STOCK MARKET PUMPS, BTC GOES DOWN. FED CUT RATES, BTC GOES DOWN. 100% SCAM AND MANIPULATION.

@Jason Unless storage gets much much cheaper, renewables are not viable for base load generation.

It's obvious that humanoid robots will build and install an infinite number of solar farms and battery packs in ten years... Which means all energy will be 90% cheaper... And desalination of water is an energy-intensive process, so that will drop by 90%.... and food production needs labor and water... so that will drop 90%.... The biggest problem humanity might face is that too many people have too much free time!