Keaton
31 posts

Keaton retweetledi
Keaton retweetledi
Keaton retweetledi

Here’s a story for $106,600 per Bitcoin.
6 years ago in 2018 I stacked cash all year knowing I would rebuy bitcoin at the “bottom”.
We spent 3 months or so consolidating around $6,600.
I got impatient and was like fuck it this is my moment and deployed half my stack.
Bitcoin promptly fell another 50% to $3,200.
I felt like shit.
The bears were on parade and everyone on twitter was calling for $1,000 or lower.
We had just had our first child, I was still in the hospital room when the price collapsed.
My wife was napping and my 2 day old was sleeping on my chest while I scrolled Bitcoin twitter.
Suddenly I decided fuck it, I’m just going to dump the rest in now.
Immediately after I made the buy a wave of panic swept through my body.
“Have I just destroyed the families future? Was everyone else right? What if it fell 50% like everyone says it will?”
I had to leave.
I waited until it was time for the babies feed and excused myself from the room.
I went for a long walk around the block with extreme negative chatter running through my head.
I kept telling myself I was the stupidest person alive, I was being irresponsible, I was going to lose all my money etc…
As I kept walking I felt better.
This is just anxiety.
This isn’t real.
Bitcoin is the truth.
I did the work.
Even if it falls another 50% it will go to millions one day.
There’s not a doubt in my mind.
By the time I returned I was calm and focused.
Today even my “worst” buys from that time period have 100k attached to them.
The moral of the story is this.
The best financial decisions of your life will not feel good. Far from it.
In fact you are much more likely to be sick to your stomach.
Everyone likes to pretend that they’re some zen monk.
I’m not.
I feel all the feelings.
Every emotion.
And I feel them strong as fuck.
I simply choose to persist in my belief.
It isn’t easy.
But then again nothing in life worth having ever is.
Do yourself the favor right now and buy the “expensive” 100k bitcoin.
One day there’ll be an extra million dollars attached to it.
Then 10 million.
Then 100 million.
This train has no brakes.
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@Scarlet_NOZA @JerseyFutures I’m not saying these are not military drones. However, I think it’s important to mention that sightings of UFOs has been common in the north east United States for DECADES. Long before drone tech existed.
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Ok so this guy’s @JerseyFutures account was deleted but there are some screenshots of his posts floating around about #dronesoverNJ
This might explain the alien sounds on FM radios that have also been reported.
🧵1/4


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@mico_dvm @realTXTeresa That’s a firearm…probably a small caliber bullet on a short barrel weapon that’s not meant for long range shooting. You can tell it’s DEFINITELY a firearm from the firing and reloading sounds.
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@Cole_Walmsley Hyper bitcoinization is a long process. And until Bitcoin has world reserve monetary status it’s perfectly reasonable to denominate assets in USD. Saylor has acknowledged previously that all fiat will become irrelevant and bitcoin is true hard $. He knows that 1 btc = 1 btc.
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@Cole_Walmsley What you’re describing is fully achieving hyper bitcoinization. There is no telling how long that could take. Until then, most people have a fiat paradigm. Denominating things in USD is more palatable and easier to understand for the average viewer. Saylor understands Bitcoin.
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Michael Saylor does not fully understand Bitcoin.
He continues to judge the new system (Bitcoin) within the old system (the USD).
He says Bitcoin will be worth $13 million in 2045.
But he says you should practically put all possible dollars into BTC:
“
-Convert free cash flow to BTC
-Make BTC your primary treasury asset
-Convert excess earnings into BTC
-Utilize subsidized credit to invest in BTC
”
@saylor
Newsflash:
1) If an increasing amount of people are receiving dollars only to put them into Bitcoin as fast as possible, then logically, those people will stop desiring dollars at all and will instead simply demand BTC.
2) Economies converge on a single monetary good.
3) Bitcoin is the apex predator of all forms of money as it transfers value across space, scales, and time (the purpose of money) better than anything else.
4) There is no second best.
Bitcoin obsoletes the dollar and Bitcoin will not have a dollar price in 2045 for these exact reasons.
It is a fool’s errand to price Bitcoin’s value in the USD much like it is a fool’s errand to price a home’s value in the USD.
Additionally, Bitcoin obsoletes the modern day nation-state, but Saylor spent a good portion of his talk discussing what he thinks should be the United States Bitcoin Strategy (which has so many holes it deserves its own post).
But the main point is,
The nation-state model today exists on the basis that governments and central banks can monopolistically control and manipulate money to their will.
Bitcoin eliminates the ability for anybody to control and manipulate money.
Logically, as Bitcoin gets adopted, the government structure that runs on what Bitcoin eradicates comes crumbling down.
Governance will be radically transformed as a result. The new system does not look like the current system.
Something central banks and governments cannot control can never become a central thing.
Saylor demonstrates his lack of understanding with this single photo:
He states that, in 2045, Bitcoin will have a $250T market cap while money will have a $500T market cap.
And that is Saylor’s most fundamental misunderstanding.
Bitcoin is money.

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