Liquid 🥪 ∞/1.6Q | BIP-119

@BitcoinMagazine Those $1M price targets by 2030 are starting to look a bit shaky I mean not saying it cant happen, but would need a 10x in just 4 years when in the last cycle we did just 6x from 20k to 120k Most likely the Xs get less, law of large no's and all that, so a 3-4x more likely 🤔

@pete_rizzo_ Did she predict that 126k would be the top last year? When will you guys learn? Nobody can predict jack shit We could all see a few months ago that 58k looked like the bottom, didn’t take a genius to figure that out, but then again we could all be wrong, so just keep stacking

JUST IN: LYN ALDEN JUST SAID HER BASE CASE IS THAT THE #BITCOIN "BOTTOM IS IN" "THE FAST CAPITAL IS ALREADY OUT" "SELLERS ARE EXHAUSTED" BREAKOUT SOON 🚀

Myself and others warned for YEARS that stablecoins would be a backdoor to CBDC control, with unaccountable private companies unilaterally seizing people's funds with no due process, or even jursidictional recourse for many. Now people are literally debating how freezing should happen. Lmfao. This space has sunk so fucking far.

@brian_trollz Censorship risk has always been the biggest flaw of stables and decentralized stables have blowup risk x.com/liquidbase_/st…

@LynAldenContact During the banking crisis in 2023 even tiny banks like Citizens Bank in Iowa went belly up. Not a single customer lost a cent, even those with more than the $250k that FDIC insures. In a country like the US it is unlikely they’ll ever let depositors lose money. Only shareholders

I'm going to interrupt today's scheduled doom and gloom, and say most banks will be fine. The ones facing problems have an industry-specific (and thus volatile) deposit base, or an unusually high ratio of securities on their book. For deposit safety: big and diversified banks.

@LynAldenContact Isn’t this just as simple as inverting the 2yr yield chart? As rates slowly descend towards their previous levels the so called”losses” also vanish. By the time BTFP ended in 2024, banks had been given enough time to manage this in other ways so that they don’t go under.

Rephrased: US banks are facing unrealized losses of $300B, down from $700B in 2023. For context, those US banks have around $25,000B in assets and $2,600B in equity capital.

@LynAldenContact If you lived within a 20k mile radius of Chernobyl during the 80s, you probably would believe they did it

Still can’t believe they did this.

@w_s_bitcoin #FreeSamourai were the first to do it, had that feature 5 years ago

Should be an bitcoin industry standard tbh.

@BoWang87 cool af

Can’t believe they actually shipped it 😂 A $20, bottlecap-sized 🦞 in your pocket 🔥

@EricBalchunas @steve_mlc You’re clearly new to Bitcoin. Anyone who started buying in 2021 and waited 5 years for this has basically underperformed everything else, including the most boring value stocks like $WMT This is nothing compared to the percentage gains of past cycles

@steve_mlc They brought you out of the $15k doghouse and cleared out all the SBF stench. All told you got +$55b and counting. I would be grateful if someone did that for my fav asset but that's just me.

Boomers to the rescue again as bitcoin ETFs record $1.5b of inflows in the past 5 days after another big day yesterday. Biggest haul in a while, just about all of the original ten spot ETFs seeing action too = breadth and depth. This after a 50%(!) drawdown and most underwater. Even I'm impressed.

Some Bitcoin truths: Bitcoin is not for everyone, but it is available to anyone. Bitcoin will affect everyone. Bitcoin self custody is not hard. Bitcoin self custody responsibility is for the few. Most people don't want freedom, they just want a better cell. There are not enough UTXOs for everyone. There is not enough block space to "be Visa". L2+ will resolve most throughput issues by behaving more like IOUs. "Holding" Bitcoin is not possible for poor people, because poor ppl can't save thus can't buffer handle volatility. Stable coins are great for poor ppl because it's more free from capital controls than fiat. Stable coins are great for everyone who needs "stable" unit of account with less capital controls. Most people need credit, bitcoin is not credit. Businesses need credit, specially trade credit, bitcoin is not credit. Free banking is both useful and will always exist, specially on a bitcoin standard. Volatile units of account struggle to be medium of exchange for small payments when given alternatives. Shitcoins will always exist. There is no single Bitcoin community; there are tribes that share the same love (or hate) for Bitcoin. There are no bail outs in bitcoin. People you don't like will hold Bitcoin. People you don't like will do very well holding Bitcoin. There is always someone who matter more than you to bitcoin. Most people who hold Bitcoin can't affect Bitcoin. There are no analogs to Bitcoin. Bitcoin is a brand-new asset class. Bitcoin will never do what people think it will do. We don't know where Bitcoin will go. Bitcoin FUD will always exist. Bitcoin sour grapes will always exist. We know the fiat system is in controlled demolition. Bitcoin self-custody is for the few. Suits will have paper Bitcoin. Paper bitcoin is unavoidable. Leveraged bitcoin is unavailable. Just because you don't like a bitcoin use, doesn't mean you can stop it. Some will see Bitcoin as religion. Some will see Bitcoin as math. Some will see Bitcoin as toxic. Some will see Bitcoin as the solution. But at the end, the honey badger doesn't care. Bitcoin price is an important signal that most can't understand. Bitcoin has no realistic alternatives. Bitcoin is decentralized, non-inflationary, permissionless, salable, divisible, and transportable. Bitcoin must be ultra conservative with new features. Bitcoin savior complex is ego poison. Bitcoin is designed to ignore individual preferences. Bitcoiners are splitting and fighting internally is annoying but integral part of the process. You just arrived and you can't fix bitcoin. No other bitcoin participant owes you anything, specially their attention. Bitcoin devs don't control bitcoin. Bitcoin miners don't control bitcoin. Bitcoin holders don't control bitcoin. Bitcoin is very rough consensus. Bitcoin is designed for your selfishness to secure the network. Without healthy and sufficient decentralized self-custody, Bitcoin goes to zero. All sides in Bitcoin debates are wrong until they become the longest chain. Bitcoin is designed to win, not to fight. Bitcoin monetizes mutually assured destruction. Bitcoin is the most important tool of peace in our generation. Bitcoin is the only fair and self-verifiable monetary system. Bitcoin bridges trust gaps with a trustless network. Bitcoin will always be less efficient the centralized systems. Investing in Bitcoin is using Bitcoin. Holding bitcoin is using bitcoin. Bitcoin allows opting out of the legacy financial system. Bitcoin is generational wealth, there will only be 21m Given its history, the most consistently successful strategy has been to buy bitcoin, put in your COLDCARD, STFU, have patience.

@BitcoinMagazine meh ... the difference is people were making 100x on the way UP in those cycles, its not the same, that meme doesn't work anymore

"This one time, Bitcoin went from $0.06 to $0.36 and then it crashed down to $0.21" "Another time, bitcoin went from $0.85 to $29 and then crashed to $3" "Another time, bitcoin went all the way to $213 and then crashed all the way to $70" This is why we HODL! 👏

@Xeer Market timers make more money, thats why Stan Druckenmiller is a billionaire and the rest of us are struggling

This guy been buying bitcoin $30 a day DCA and after 7 years, 10 months and 12 days, made it to 1 whole coin. Total spent $86,370 which now worth $68,692. What went wrong?

@Mandrik Haha, good one So why do people keep posting charts of how Bitcoin outperformed everything over 15 years when very few people would have gone all in 15 years ago and held throughout Those charts are useless because they dont apply to most people in the real world

Are you starting to understand why you wouldn't have held if you got into Bitcoin early?

@operationdanish Hmmm ... interesting take 🤔

Buy assets, unless it’s gold, silver, equities, bitcoin or real estate. They are crashing all assets so they can save the US bond market. Honestly, this is fascinating to watch.

Likely the best trading strategy: Buy bitcoin when a lot of nocoiners are posting red screenshot and gloating on Twitter. Sell bitcoin when a lot of bitcoiners are posting ATH screenshot and gloating on Twitter.

@LynAldenContact Be brave like @_DannyKnowles He made Saylor sweat and rightly so, legend 🫡

When I participated on their earnings call during the bull market six months ago, I asked a bearish question about stress testing for downside scenarios. Given the carnage today, would you ask another bearish question, or go the contrarian route and flip positive this time? 🤔

@michelleo_21mil There aint none I could have given you a few last year, but right now this is where you should be buying like there's no tomorrow

Give me one reason not to buy Bitcoin today.

@royalguyy2k @WatcherGuru the people responding with "back into peoples pockets" are misinforming you That money was not there to begin with, market cap just tells you what the value would be if everyone sold now AT THIS PRICE but as soon as heavy selling volume comes in, prices change = less money out

@WatcherGuru Can someone please explain where does that money go to?

JUST IN: $130,000,000,000 wiped out from the crypto market cap in the past 24 hours.

@BitcoinMagazine Anyone who publishes any type of model predicting the price of bitcoin after this should be an instant mute

JUST IN: Bitcoin falls below the 2021 all time high to $68,860. IF YOU HODL THROUGH THIS, YOU'RE A LEGEND ✊

@lopp You can do this now You could also have done it in 2023 It is dumb to do it when everyone else suggest to do it which is usually at or very near the all time highs There's opportunity cost when there are many better investments to make during those times

You can just set up an auto DCA and walk away. Watching charts, reading gossip about who's buying & selling... it's all high time preference dopamine inducing waste of time. You can be confident that central banks will continue printing. Short term volatility is noise.