josh abbott
2K posts

josh abbott
@bit_josh1
man fears time, but time fears Bitcoin.
Katılım Aralık 2022
317 Takip Edilen189 Takipçiler

@purplepingers Get used to wearing old shirts if we become socialists. Maybe get used to lining up for bread rations while you’re at it.
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@SatsySiren @Jarvay_ Is it more profitable? I would like to know as well!
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@bit_josh1 @realvijayk @BitcoinRachy On Kaspa, my dreams have room to scale and DAG Knight will build my house. My Bitcoin dreams of running free but it was struck by lightning network and held hostage by the Fee troll.
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@BitcoinRachy Yes. I did.
Then I sold some $BTC to buy $KAS.
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@PeterSchiff @TFTC21 The dollar was tokenized gold once upon a time… It failed. Why should we try again?
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@TFTC21 That's why the future is tokenized gold. That solves both problems at once. No need for Bitcoin.
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Stanley Druckenmiller just told Morgan Stanley that stablecoins will power the entire global payment system within 15 years. He also said Bitcoin "wasn't needed" as a store of value.
He's half right and completely wrong at the same time.
Stablecoins ARE more efficient than legacy payment rails. The market crossed $315 billion, up $180B since early 2024. Bessent projects $3 trillion by 2030. No debate there.
But calling stablecoins the future while dismissing Bitcoin misses the point entirely.
Stablecoins are tokenized fiat. They make the dollar faster, not better. They still inflate. They still get debased. They still depend on the same central banks that destroyed 99% of the dollar's purchasing power since 1913.
Making a broken currency more efficient doesn't fix the currency. It just helps you lose purchasing power faster.
Bitcoin fixes the money itself. 21 million. No CEO. No reserve requirements. No government that can print more when spending gets out of control.
Druckenmiller bought BTC around $15,000 in 2020. It's $71,000 today. Nearly 5x on an asset he says "wasn't needed."
The payments system needs fixing. But the money needs fixing more.

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@BitPaine Is this raising any flags for you?
Like how aren’t people piling into Bitcoin if this massive $STRC bid is building?
Idk man, seems too good to be true.
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@vol_farmer @Red_Rain737 Why don’t you want them called away at a loss? Isn’t that good tax loss harvesting?
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@Red_Rain737 Yes! Just covered calls for now until $MSTR gets back to my cost base of $250. Then I can start selling CSP. I dont want my shares to get called away at a loss
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The Bitcoin pyramid is being propped up by $MSTR, which pays an 11.5% yield on $STRC to keep buying. As more STRC shares are sold, Strategy burns ever more cash. Once that cash is depleted, @Saylor will have to choose between suspending the dividend or selling Bitcoin to pay it.
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@JacobKinge I wouldn’t be proud about him agreeing with me if I was you.
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@jameypricephoto We can handle being told off without going to twitter to sook about it.
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@comic @dotkrueger This explains everything. Learn to own your mistakes.
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@dotkrueger My cost basis was $300 before I sold the majority of my bitcoin. Those claims are as delusional as saying Bitcoin will go to $0 (in my opinion).
If you think Bitcoin is going to $1,000,000 why not increase your cost basis to $67,000?
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