Peter
3.7K posts



#TimDraper says there will be a moment in time when he can use #bitcoin to buy everything, and people won't want dollars anymore. news.bitcoin.com/billionaire-ti…
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JUST IN 🚨
#BITCOIN WILL "EASILY GET TO HALF THE MARKET CAPITALIZATION OF GOLD" — Hedge fund chief Scaramucci. 👀🔥

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@DZumaSambudla Shame that must be bitterly disappointing. Still a miraculous return from deaths door 🙄
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@thomas_fahrer They've made nothing....with bitcoin it can be back to $20k in the blink of an eye 🤔
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MicroStrategy made ~$2.5 Billion on bitcoin. The software business makes ~$50M a year, so betting on #BTC has paid off ~50 years of cash flows so far.
When Bitcoin is 100k, it's over 200 years 🤣
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@scottmelker @Scaramucci The name says it all doesn't it. A dead ringer for Joe Pesci in Goodfellas 🤣
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“I find her to be absolutely repulsive and absolutely hypocritical” - @Scaramucci on Elizabeth Warren.
Bitcoin should be favored by progressives. What are her real motives?
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Just spoke to an Advisor in the USA whose branch has $350m under advisement.
They sell @Fidelity products and have not been educated on any #Bitcoin related opportunities.
It’s on the portal, but no real education.
I told her, a 1% allocation to #Bitcoin in 2020 at $5,000 would have netted her a branch a $50,800 fee (1.45% of AUM).
Without rebalancing, that fee today - in the bear market - would be worth $408,000.
And this is all with a 1% allocation.
In addition, her clients wealth would have grown from a $3.5m allocation to a $28m allocation and they’d be telling their neighbours to move advisors.
She said she’s going to immediately look into @Fidelity @DigitalAssets’s #Bitcoin products.
The conversation lasted 16 minutes.
The wave hasn’t even started yet.
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@dotkrueger You need to practice the principle 'that less is more' sometimes....seriously 🤔
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Bitcoin follows a highly bumpy "jump diffusion" process. It's not a lognormal random walk.
The best conceptual model for Bitcoin prices is this:
trend sideways or down for a random period. Then jump massively higher. in just a few days. Then go back to sideways or down.
In a bull market like 2023, thats the behavior. In a bear market like 2022, the behavior is the same, but the sudden jumps are negative.
If you try to "see a pattern" in the sideways period, you will do nothing other than take yourself out of the 10 days a year when Bitcoin rips.
Trend-following is a particularly bad algorithm here. Which is why I am sceptical of any attempt to "smooth out the drawdowns with timing".
The "jumpiness" of Bitcoin make Hodling the only viable strategy. Those who can live with the vol get rewarded, big time.
Wall Street, with its obsession on sharp ratios will only pick up a small percentage of the return.
I would advocate being much more aggressive here.
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@dotkrueger So we've had the spot etf and now we can all get in a frenzy of excitement and pump about 'the halving'. Always has to be a narrative with bitcoin.
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@BitcoinMagazine Are we supposed to be excited about ! Given the level of publicity and propaganda from the government I would say it's a poor return 🙄
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NEW: University study finds 1 in 10 El Salvador residents have used #Bitcoin for payments
Gradually, then suddenly 🚀

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@rajatsoni The more you study it the clearer its a scam. But hey that's fine. Everyone wants a punt on the side and to make a buck 🤔
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Average people think #Bitcoin is a scam because they haven't spent the time understanding what makes it valuable.
Don't be average
Study Bitcoin!
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NEW: Halving, ETFs will push #Bitcoin price above $170,000 by 2025: hedge fund chief Scaramucci 🔥

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President Zuma Is Ending His MKHONTO WESIZWE DAY In Support Of International Support Day To STOP The War On Gaza…
#VoteMK2024 #FreePalestine
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Perhaps @SenWarren would like to ban luggage it is used for money laundering
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@AltcoinDailyio OMG this guy has 100% wrong since 2015. Same class as Tim Draper 🤔
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@bitcoinlfgo He can't possibly be saying nonsensical stuff like that 🤔
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JUST IN 🚨
9 trillion asset manager BlackRock CEO says #Bitcoin is "NO DIFFERENT THAN WHAT GOLD REPRESENTED FOR THOUSANDS OF YEARS. IT IS AN ASSET CLASS THAT PROTECTS YOU." 👀🔥

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JUST IN: 🟠 Spot #Bitcoin ETF trading volume hits $7.8 billion in first two days.
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