Joe A.

ZeroHedge is living proof that you can operate with a room temp IQ, successfully predict 84 of the last 2 recessions, and still somehow stumble your way to 2.5 million followers. It’s essentially astrology for men who believe everything is a conspiracy

@1914ad @ZekeFaux Shareholders didn’t get diluted for nothing though, they gain $30m+ in annual revenue for ~$107M in dilution. You may not like or understand it, but this is bullish for NAKA.

The $1.12 pricing means fewer shares are issued than if the deal were priced at market. That’s mathematically true. If you held the acquisition value constant and priced the shares at $0.29, Bailey would receive roughly 1.4 billion shares instead of 363.6 million. So yes, in that narrow sense, the $1.12 label results in less dilution than a market-priced deal would. But this assumes that this deal should be happening at all, at this valuation, on these terms, at this moment. The call option was negotiated when NAKA was in the $20s and $30s. The implied valuation of BTC Inc and UTXO at $1.12 pricing is roughly $407 million. Are a Bitcoin magazine and a small hedge fund worth $407 million? They generate $30.6 million in annualized EBITDA. That’s a 13x multiple for a media company and a fund manager being absorbed into a company that can’t hold a dollar. The real question isn’t how the per-share pricing affects dilution. The real question is why a company facing Nasdaq delisting, carrying $210 million in Bitcoin-collateralized debt, hemorrhaging $97 million in quarterly losses, and trading at 29 cents is acquiring anything at all. And why the seller is the CEO! 🤬 363.6 million shares hit the float today. Existing shareholders just lost 45.6% of their claim on the Bitcoin treasury. You can label those shares at $1.12, $0.29, or a thousand dollars each. The ownership transfer is identical.​​​​​​​​​​​​​​​​ Where am I wrong? 🤷🏻‍♂️

Once again #Fintwit embarrassed itself this weekend. Do an audit of who was making extreme statements and passing on disinformation and lying about trades they allegedly did

Some of these are just hilariously bad 😆 . Here’s a preview “US gov planning to deprecate classically crypto by 2030, disallow by 2035” 1. A basic understanding how the U.S. government works is that it is not a monolith. There are competing forces in “the government” that disagree on many things. To argue what “the government” is “going to do,” in five years is about as ridiculous as saying saying what they will do in twenty years, or predicting what party will be in control in the next elections. The statement lacks all precise and is overly simplistic. 2. NSA’s NSS timeline of 2030 is a PHASE OUT OF EQUIPMENT and services that cannot support CNSA 2.0. That’s a PROCUREMENT deadline for NSS environments, not a blanket deprecation date for “classical crypto” everywhere. So dumb Nick. 3. “Deprecate” and “disallow” are not federal superpowers. Grow up. Entities in the Gov. can set requirements for its own systems and for some procurement contracts. But that is wildly different and frankly silly @nic_carter )from “disallowing” cryptography for the public, for private companies, for open source, for banks, for the internet, etc. Next time do better before offering drivel.

Job openings fell in July to the lowest level since September 2024, holding the 3-month average close to 7.4 million openings. The ratio of job vacancies to unemployed workers edged just below 1 for the first time since early 2021.

@JoeCarlasare @MarioNawfal @DavidDTawil

@MarioNawfal Once again, this space is so bearish tech and economy, @DavidDTawil This market is set to rip to new ATHs by end of the year. Disappointing so many smart people are getting this wrong once again.

@JoeCarlasare @mikealfred In May I laddered out very wide put spreads (sold at $63 strikes) through September. Needless to say those printed for me. I’m toying with the idea of doing that again through Dec.

@JoeAtchley12 .@mikealfred convinced to buy calls a week or back, which have gotten smoked so far. But I did sell 50% in puts which are 🔥

The bull market hasn’t even started

There’s a recession in Hope. People want to believe in something.

So the political noise is very high. Lots of stress and bravado. My view. Political views are alpha killers. I see 4 loud point of views the last few days Anti-MAGA "see how bad he is" who were long and wrong and looking for someone to blame MAGA who were long and wrong and blaming everyone but Trump Anti-MAGA bragging about being short or not long and saying "see it was so obvious how could you miss the alpha" MAGA bragging about being short or not long and saying "This is exactly what I voted for" Maybe just STFU. All your trades are totally your responsibility not Trumps or Powell's or anyone else. Rant ended.

LMAOOOOOO

Quote from me: "If you find yourself feeling superior to a rich person, there is a zero, I mean zero percent chance that you will ever be rich."

Turns out strange women lying in ponds distributing swords was a better basis for a system of government actually

*Click here to see little league team schedule* Enter password. Wrong password. Send reset link. Enter new password. Go to log in page. Enter password. Two factor authentication. Enter code.

@julian_liniger IBIT + a margin account + long dated covered call sales. You can ratchet up to about 2x exposure, have very low maintenance/margin call risk, and leave yourself a lot of room to run on the upside.

Quite some people do the following: 1. Buy BTC with all they have 2. Take out a BTC-backed loan 3. Reinvest it all in BTC Do you think that‘s a good idea? Asking for a friend.

As a general rule, politicians and central planners overestimate their ability to steer the direction of the economy

This is a classic rotation out of stocks and into poverty.

Fear is the mind-killer. Fear is the little-death that brings total obliteration. I will face my fear. I will permit it to pass over me and through me. And when it has gone past I will turn the inner eye to see its path. Where the fear has gone there will be nothing. Only I will remain. - Frank Herbert