BTC Nate
1.3K posts
4h $BTC
✅dipped into Cloud and didnt break down
✅reclaimed price above Cloud
✅TK criss-cross
- ATH retest now in the cards
- potential iHS mess here, measures >$100k
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@LynAldenContact I seem to recall a podcast you did with Mike discussing this very outcome, and he strongly opposed your view. Interesting. 🤔
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This is literally the 1940s playbook:
Michael Green@profplum99
Agree with Demetri. To the extent there is a "strategy" here, it will take form of "expensive credit for most, subsidized credit for policy." You want to borrow to buy a house? 7%. You want to borrow to build a solar farm? 3%. You want to borrow to build a munitions factory? 0%.
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This crypto cycle was even weirder than the ICO frenzy of 2017/18.
Here’s my pick of the most ridiculous moments of this cycle.
TL;DR We deserve everything we got. 👇
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FIN/ Did I miss any?
Add yours below.
Hit retweet on this 👇 to help discover the missing moments. Nice one 🫡
Nick Almond@DrNickA
This crypto cycle was even weirder than the ICO frenzy of 2017/18. Here’s my pick of the most ridiculous moments of this cycle. TL;DR We deserve everything we got. 👇
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@brickSheep @PrestonPysh @Bitcoin @MicroStrategy @saylor @willywoo MSTR has over 100,000 BTC that can be used as additional collateral on this MTM loan. You're confusing initial margin call price with full liquidation price. Two different things.
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Anyone want to calculate the approximate margin call trap price for @MicroStrategy and how many BTC can be extracted? Current valuation of $3.9B, $131m Q1 loss, $2.3B of debt, and 129,200 BTC. @saylor
Remember, 'neither borrower nor lender be'. 🐳🩸
microstrategy.com/en/investor-re…
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@PrestonPysh @Bitcoin @MicroStrategy @saylor @willywoo did this math yesterday. Liquidation price is like $3k. Ain’t happening.
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@Bitcoin @MicroStrategy @saylor Better question: How much mark-to-market BTC colleterial does MicroStrategy have in escrow against borrowed USD ...versus their overall BTC position size? Most commentators on this topic think like Wall Street slugs instead of business owners.
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@_Checkmatey_ @glassnode Ah got it. That makes sense. Thanks for the info. Any idea what % of total supply is captured by STH & LTH metrics?
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@ThatsCheckNate @glassnode Mined coins offsetting some portion of spending
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Exchanges moving balances around which are in Realised cap, but not in LTH/STH.
The entity adjusted version of RCap is declining/flat which shows this.
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The next major on-chain resistance for #Bitcoin is the Short-Term Holder Realized Price, trading at $45.9k.
This metric is the average price paid for $BTC by investors who purchased after the October ATH.
Bearish resistance comes from STHs seeking to 'get their money back'.
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@david_koops @LynAldenContact @FitzGibb0n @wclemente This model assumes that miners liquidate all new supply, which we know is not true.
HODL waves and distribution/accumulation from long-term holders has a much greater impact on the market today than new supply via mining.
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BTC Nate retweetledi
If you’re working on your imposter syndrome, never forget Ted Lasso’s Be Curious, Not Judgmental speech.
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@DatCryptoBoi I remember seeing that El Salvador was implementing 0% cap gains on BTC
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@ThatsCheckNate Strong laws for property rights? I’m looking for a low tax jurisdiction where someone doesn’t swipe what your got by law change
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Best country to incorporate a Bitcoin holding co: Dubai (UAE) or Cayman?
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In the movie Enemy of the State, the protagonist has his life ruined as his credit cards are blocked, his bank account is seized and his means of living taken away.
#Bitcoin saves us from such a dystopian possibility.
(highly underrated movie, go watch it)
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@CryptoCobain @loomdart If we can’t find at least $5b of new buyers between now and end of Feb then we might as well pack it all up and go home.
And by go home I of course mean go to Zuck’s metaverse.
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