
Bitcoin Optimist
261 posts

Bitcoin Optimist
@btcoptimist
#Bitcoin powered early retiree. I like tulips.
Citadel Katılım Mayıs 2024
98 Takip Edilen69 Takipçiler
Sabitlenmiş Tweet

Today I quit my corporate job after nearly a decade of slow but steady Bitcoin accumulation.
Bitcoin is many things to different people, but to me, it’s always been the promise of owning the one thing more precious than Sats themselves: my time on this planet. And after 8 years of grinding in corporate America, stacking and hodling as hard as I could stomach, I’m finally there. Breaking free and going my way, no longer selling my heartbeats for dwindling dollars, and if it all goes well leaving wealth behind for the kids as well.
I feel thankful for all the Bitcoiners who have made my journey possible. First, to Satoshi Nakamoto and all the shadowy super coders that followed. Thanks for creating the soundest money on earth, the arch to weather the relentless assault of money printing and fiat debasement.
Then, to the supporters of Bitcoin of all kinds - thanks for the orange pilling, the education, the hopium and commiseration, the memes, and most of all the defense of the network and defense of our freedoms. Your tweets, podcasts, books, memes and activism are the reason I embarked in this journey and why I never jumped ship. Though I haven’t been active on BTC Twitter until today, I’ve been the pleb that followed you and this place has been a beacon through the good and the hard times.
I’m starting this account to share my experience and tribulations retiring early on (mostly) just BTC. Let’s be clear - I’m far from having things figured out. But hopefully I can spread some optimism and maybe inspire others to take the leap. I’d be proud to give back at least a little of all I’ve received.
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@TXMCtrades The bet is that inference cost goes down multiple orders of magnitude and that this is a market grab
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How will they profit from this? The early going so far is showing the tech is destroying moats, lifting frictions, and allowing everyday people to build things they never could before. Are these co's all hoping to sustain subscription service models that compete w each other?
dax@thdxr
you're probably underestimating how crazy things are
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@apsk32 Btc is just going to stay stuck between 65 and 75 just to make everyone wrong
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Permabulls in my comments assured me this wouldn't happen

apsk32@apsk32
Not a great place to get stuck
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@mattyglesias Smarter people are more likely to be part of the elite. People tend to vote like their social group. Elites lean left today for cultural reasons. This is yet another confusion betweey correlation and causation
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@real_vijay @nic_carter This does feels like the main dynamic at play. Bitcoin fuds and manias cycles follow price action more than they drive them. They do reinforce existing trends, but they don’t create them.
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While I agree QC is a legitimate concern, and I appreciate your work on this (and do not question your motives as others have done) I think the price stalling invites narratives to fill the explanatory void when, imo, the real explanation is really just the unlocking of an enormous supply once we hit a magic number for a lot of whales (100k). Prices increasing are like waves hitting a glacier - eventually a chunk of supply breaks off and crashes onto the order books.
Given the path dependent nature and feedback loops involved in a bull run sustained on narratives (in the short term, but adoption in the long term), the price stalling then causes people to doubt that Bitcoin will continue to go up and this then results in more selling until you get an equilibrium of supply and demand at some lower price point. This is what happens during Bitcoin bear markets - and I think we're in one. Eventually when the price starts increasing again the bearish narratives fade away (even if they're legitimate).
We do need to discuss and work on solutions to QC. On that I'm in complete agreement and have said so publicly (and independently from your own concerns) on several podcasts over the last year. But I'm highly skeptical the price action in BTC is explained by QC, notwithstanding there may be some investment notes that have picked up that narrative.
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Bitcoin’s “mysterious” underperformance (due to quantum) is the only story that matters this year. The market is speaking the devs aren’t listening
batsoupyum@batsoupyum
Wondering why BTC is so badly underperforming gold? It's because of this. Financial Advisors read this kind of research and keep client allocations low or zero because quantum computing is an existential threat. It's going to be a yoke around BTC's neck until this gets fixed
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MSTR is buying forty trillion dollars worth of digitally enforced scarcity
The Fed just announced literal actual not-joking QE
Trump said we're getting 20% GDP
AI is going to eliminate poverty and no one will have to work
The govt will announce UBI and give us all $10K per month
Gambling will be tax free
We're building data centers in fucking OUTER SPACE
Jerome Powell will be replaced with a guy who literally fellates the president
Exchanges are running out of Bitcoin
Price is being suppressed by OG whale sellers that have almost run out of Bitcoin themselves
Blackrock is buying
Vanguard is buying
JP Morgan is buying
Larry Fink himself is buying
To own a single Bitcoin is literally identical to owning a hundred acres of Manhattan Island in 1870
There's five quintillion dollars of wealth around the world and only 21M coins what do you think happens when people decide not to hold worthless fiat anymore
digital credit
digital capital
digital value
digital happiness
And you're not bullish right now?
Bitcoin is going to $400K by New Years. Bookmark it.
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@LawrenceLepard I’ve have tried 5 days. 48 first hours are the most brutal. Once you’ve reached that cap, it’s worth pushing a little further imo. I believe fat loss also accelerates after 24 to 48h.
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@lindsaystamp3 Yes. I’ve been on the other side for a little over a year now, after over a decade of grinding and saving. Worth every effort, good luck!
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@mattyglesias This logic is flawed. What’s driving AI progress in the face of risk is the idea that if you don’t do it someone else will.
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@TXMCtrades Yes but was CZ actually guilty in the first place? Real question, I haven’t followed closely.
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-CZ/Binance contacts reach out to Trump admin about bringing Binance back to US
-Trump family reportedly engaged in talks to take stake in US arm of Binance
-Trump firm World Liberty Financial launches USD1 stablecoin
-Abu Dhabi firm invests $2Bn in Binance using USD1, earning millions for Trump family
-Binance incentivizes USD1 uptake and trading on their platforms
-US govt pardons CZ spearheaded by the same lawyers as World Liberty Financial
-CZ announces donation of $1.8 billion to the Trump admin for "crypto adoption"
Do you see what's happening here anon?
Do you remember the same thing happening with Justin Sun? (next tweet)
Pay for play is happening right in all of our fucking faces.
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@TedPillows Charts are meaningless. Bitcoin can go up or down from here. That’s all there is to it.
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@mikealfred I’m just going to tell you right now, I have no idea what’s going to happen.
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@dotkrueger Lol, as a french person I can 100% guarantee you that France will be the very last on that bandwagon
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Progressively losing my mind…
Bitcoin Optimist@btcoptimist
If Bitcoin beats all time high by 2% and immediately plunges back again -15% for 3 months I am going to lose my mind
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