Andy Wrinkle

@BobLoukas Chart crimes

Zero point or reason to compare bitcoin vs gold/silver performance over cherry picked times. Embrace all assets objectively. Every dog has its day. Some far more often than others.

@MilkRoadMacro I thought the ISM was mainly for the U.S? Are you sure China can have a big impact on the ISM?

1/ China A big reason behind ISM / PMI being slugish was that the China's economy was nosediving in 2023 and 2024. But now, we're seeing the Chinese economy stabilise. Which is a good sign for the ISM.

The ISM/PMI has been stuck below 50 all cycle… But this is about to change. Not because of the US. But because of China & Germany. (a thread 🧵)

@RealVision @BittelJulien @RaoulGMI If you’re going to spend 4 hours a day on crypto twitter, MIT is definitely worth 4 hrs per month reviewing…just saying.

🔓 Due to current market conditions, we are happy to share this exclusive presentation for #RVPlus members and above. @BittelJulien and @RaoulGMI wanted to help you guys see the macro big picture amidst the noise on X and MSM. Enjoy! youtu.be/rC2AXaD974Y?si…

@RaoulGMI Just got to Cayman. Were we meeting up for a drink?

@RaoulGMI @RicardoRiveraNJ When you making a banana coin?

@RicardoRiveraNJ I hope you joined Real Vision...

Well, $SUI seems to be working out well so far. Nice. Early days still in the price rally and the impressive building of applications, tools and ecosystem. Lots, lots more to come. Obviously expect hideous volatility along the way.

@BittelJulien Does that mean we have to revisit the boring zone since we went back to spring?

We’re seeing a textbook Macro Spring signature embedded in US sector performance month-to-date: Technology outperforming ✅ Consumer Discretionary outperforming ✅ Homebuilders outperforming ✅ Plus, more classic cyclical recovery plays like Materials and Industrials are also starting to outperform, with earnings revisions now back on the rise.  It’s playing out exactly as expected. So far, so good... #MIT

using only a gif, tell us how your week 1 went⬇️

@JSeyff I still have my Ethe but Not seeing a side Eth account set up for me. Any clue what’s up?

2/ This should occur on July 23rd for $ETHE & $ETH. For $GBTC & $BTC it should occur on July 31st.

Doing a thread on the situation for @Grayscale's spinoff for $ETHE & $ETH because I've gotten about a million questions on it. The mechanics will be essentially the same for $GBTC & $BTC spinoff. If you own 1,000 shares of $ETHE, you should receive 1,000 shares of mini $ETH. 1/

@danheld 146k

What will be the all time high of Bitcoin this cycle? Give my your best guess👇

@EricBalchunas Not back until you shut up Jim Bianco.

On a scale of 1-10 how “we’re so back” is this?

Holy crap $GBTC had inflows today. Their 80 day-ish streak is finally over. I had to run my eyes and double check the data but it’s true.

@BobLoukas Hope you’re back before May 20th so you can tell us when the bottom is in.

Have a good weekend everyone. Going to take a couple weeks off X. Back for the next cycle. Be well 🤝

Live with Restream twitter.com/i/broadcasts/1…

@EricBalchunas @_Checkmatey_ @dotkrueger @JSeyff True but you don’t need anywhere close to the same amount of flow to move the needle for Eth since the market is so much smaller.

@dotkrueger Yeah @JSeyff and I will have formal odds out soon but tbh and no offense to the eth ppl but this is such small potatoes vs spot bitcoin ETFs. It's like the opening act coming on after the headliner. Using GenX bands it's like Sister Hazel trying to follow Nirvana.

I agree: NO ETH ETF, and a big negative price implications outside of BTC Ecosystem. Bitcoin. There is no second best.

@thinkingcrypto I’m still holding some XRP but curious on your opinion since you are a large holder. It doesn’t seem to want to get much higher than $.60 when some of the other big names have been flying for awhile. Does that concern you?

Alts are starting to wake up again! That Bitcoin liquidity flowing through the market. 🚀🤑😎 #altseason #altcoins

@wallstreetbets Yeah- that was Dave Portnoy @stoolpresidente

Overheard someone saying they bought #Bitcoin at all time high, sold at $20k, and are now buying back 💀 Top confirmed.

@FitFounder Can you explain how that helps night time urination?

One of the best changes I made to my health last year was drinking my water with electrolytes. Gives me a slight boost in energy & eliminated my habit of waking up at night to go pee.

@rajatsoni Great post for anyone who doesn’t understand how everything works. Why did u say avoid Ledger? Is that because of the recovery feature they started?

"Not your keys, not your coins." This is something important that I didn't quite understand when I first started learning about Bitcoin. Wallets don't store your "bitcoins." #BTC    is a digital commodity issued to miners for using their resources to secure the #Bitcoin    network. BTC don't have a physical presence. The Bitcoin blockchain is a record of every BTC transaction that has ever taken place. The Bitcoin network consists of thousands of computers around the world that keep a record of the Bitcoin blockchain and communicate with one another to confirm that their record is correct. BTC don't leave the Bitcoin blockchain. They exist online. You can't destroy BTC because they are digital. They are contained in "addresses." A "transaction" is BTC being moved from one address to another. Private keys are like "passwords" to access an address - they are a string of 256 1s and 0s in random order. Private keys are required to sign transactions to move BTC from one address to another. Whoever has the private keys to an address can move the BTC contained in that address. If you lose your private keys, your BTC is gone forever. Wallets don't store BTC; they store your private keys. When you first set up your wallet, it will generate a private key and translate it into 12 or 24 words that can be more easily read and memorized. The translation is called a "recovery phrase." If you lose your wallet, your BTC doesn't just disappear. What does disappear is your private key. You can enter your recovery phrase (the 12 or 24-word string) into any Bitcoin wallet to regain control of your BTC. Wallets are used to generate new receiving addresses. These addresses can be shared with anyone who wants to send you BTC. Whoever has your keys and recovery phrase can move your BTC. If you're not careful and you store your recovery phrase on a computer or phone connected to the internet, it can be stolen! Always keep recovery phrases OFFLINE (eg write it in a notebook or carve it into a metal plate). Don't give anyone your recovery phrase, because if they have it, they can move your BTC to an address they control. When you keep your Bitcoin at an exchange, the exchange has full ownership of your coins. It can move your coins if it wants to because it has the private keys to the addresses containing your coins. When FTX collapsed, it was because FTX owed more coins than it owned. It had sold its clients' BTC and used the funds to buy into other coins. If BTC is sent to a wallet that you control, you have the keys to your coins. You can move your money around whenever you want without asking for permission. If you don't have a wallet, then those coins are NOT yours. You own a coupon that can be redeemed for BTC, while supplies last. This is the case when you buy Bitcoin ETFs and when you keep your coins on an exchange.

@BigCheds Hope you don’t say “holding 24k is more important for the future than an ETF” 🤣

I still hope to publish “Trading Journal” in 2024

@BigCheds If u mean it goes under 25k and never comes back well yeah-Who cares about an ETF. Guess I was just assuming it gets back above 25k at some point. Also depends if you’re holding GBTC with that big discount potentially going away.

@andywrinkle What does the ETF matter if we do not hold 25k? I am confused

$BTC reminder

@BigCheds Love your content btw. But why would we care about the 2023 BTC price being below 25k a few years from now? Why wouldn’t an ETF be more important? I get it will break down short term.

@andywrinkle Long term it matters even more