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@timechain21m

Decentralized. Energy-backed. Sovereignty-weaponized. Bitcoin is final settlement without permission. Class 2017

Katılım Ocak 2023
215 Takip Edilen179 Takipçiler
BTC
BTC@btc·
Y’all looked a little thirsty for Sats, so we turned the tap back on. 🚰 The free Bitcoin faucet is OPEN! 1.Follow @btc and @TetherWallet 2.Tag @btc and drop your @tether.me username. Drink up while supplies last!
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BTCWealthWarrior
BTCWealthWarrior@BTCWealthWar·
#TrashToCashToSATs Series Vol 30 Found this lawnmower last week in a neighborhood, while out on a early morning Spark Delivery Got it home and of course it works perfectly This is a $200 mower someone threw away….. While doing one side hustle I inadvertently helped my other side hustle Opportunity is everywhere $75 Cash Money Profit Heck of a start to a Saturday
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🟧@timechain21m·
@Hedgeye reprice gold in fort knox to current prices on the balance sheet would do the trick
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Hedgeye
Hedgeye@Hedgeye·
🇺🇸 Here's what $39 trillion in debt really means: If we confiscated every dollar of U.S. corporate profit ($3.8T/year), it would take over 10 years to pay off. Sell every ounce of gold ever mined: $32 trillion. Still $7 trillion short. Liquidate every Bitcoin in existence on top of that: $33.5 trillion. Still $5.5 trillion short. If we confiscated every dollar of federal tax revenue ($5.3T/year), it would take over 7 years to pay off, assuming zero spending. The debt is 71% of every home in America, or 30% of every publicly traded company on Earth. The debt grows by $7.2 billion a day, or $84,000 a second. This is a problem.
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Rickey Harris
Rickey Harris@rickeyharris178·
@WallStreetApes You stupid fucking raccoon! You are a goddamn embarrassment. These white folks don’t give a damn about you. You fucking raccoon have some goddamn pride about yourself. You sound like a dumb ignorant bitch
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Wall Street Apes
Wall Street Apes@WallStreetApes·
Americans no longer care if they’re called racist “Y'all can call me racist or prejudice. Quite frankly, I really don't give a damn. There's no reason why I should be walking into a shipping and receiving dock. There's like 8-10 people that don't speak English at all. They got me over here playing charades” “Like, can you like call somebody like, yeah, I'm here for a delivery. Like, but we gotta be bilingual, but y'all ain't gotta speak a lick of English. Make it make sense to me” “Makes me sick” American need to keep speaking out against being replaced with foreigners. This is not okay and must be strictly opposed
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🟧@timechain21m·
@LeveredUSTs GPT says "The argument is directionally intelligent but overclaimed."
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Matt Dines
Matt Dines@LeveredUSTs·
One must presume the activity mentioned in the post below actually accounts for a meaningful share of capital in $STRC and the other Strategy preferreds -- it is a classic carry trade. A subset of the capital base will be unencumbered longs who are in the position unlevered because they view it as a high income play that seems attractive relative to their perceived level of risk for the instrument. The rest of the capital in the trade by definition is doing exactly as the post below lays out: long the higher yielding Strategy credit instrument, funded by either margin borrowing against the security holdings or "mental accounting" against another liability with a lower stated interest rate. I saw Strategy's CEO Phong Le saying he's doing exactly this in a video snippet on my feed this very afternoon. He stated he's long $STRC at ~11.5% (as currently market priced) against his 1.75% mortgage (presumably a 2020/21 vintage). This all amounts to a classic carry trade, only differentiated from a countless heap of others that came before by the fact that it is riding the #Bitcoin tailwind. But it is worth noting that in this latest instance, everyone currently involved in the trade is biased on one side of the trade (lined up on one side of the boat): they're all long $STRC paired with a short against another liability with lower interest rate. If you do happen to know anyone taking the reverse side of the trade (going long a presumably rock solid, lower yielding credit and shorting $STRC or another Strategy preferred) I'd color myself shocked and ask that you please introduce me to them. That Michael Burry-style trade idea needs to pay 8% carry, which makes it very difficult for anyone to hold for any extended period of time. But if I were management thinking defensively, I'd focus on being ready as sharp money is always going to try to find a way to attack the carry trade for a payoff that only continues to grow larger with every tap that upsizes the preferreds. You can see the health of the carry trade reflected in the the spread measure that the longs pick up by being invested in the higher yielding instrument less the lower yielding funding instrument. This is the economic incentive that attracts the longs into the trade in the first place: they are allocating capital in because they perceive a risk mispricing that accrues with the amount of time invested. Consequently, by pouring more capital into the trade the excess return should presumably diminish *rather than continue to widen*. The fact that the $STRC vs SOFR spread is not closing as time goes on is your classic "dog not barking" that all may not be well here. There are only two ways that the carry trade closes: the spread either converges or it blows out. The former would reflect a resolution out of underlying strength, where the spread falls as the yield between $STRC and the funding interest rate (e.g. the margin rate on a broker loan from $IBKR, $HOOD, etc) falls as the market's pricing corrects its incorrect previously held perception of the creditworthiness of the issuer. That's exactly what falling credit spreads are communicating. The latter resolution path to equilibrium arrives through price: as the spread fails to converge -- also important in this case, Strategy's management continues to upsize the issuance and grow the amount of capital in the trade -- each round of expansion requires greater amounts of dollar capital inflows into the trade complex to maintain stability of the spread. Any sudden interruption to this balance, whether it comes from rising funding rates in short-term money markets or a slowdown in liquidity flows in the global dollar capital complex more broadly, and you may see a violent snap to equilibrium that would materialize through a fall in price. In that case, brokers would pressure the levered longs in the carry trade to margin cover as the brokers seek to de-risk themselves amidst the broader decline in dollar liquidity. Temporarily it wouldn't be a fun ride for anyone involved in Bitcoin broadly, and by calling out this possibility I'm certainly not rooting for it. And FWIW, the spread between $STRC vs SOFR has consistently risen on a month-to-month basis since its IPO in July. For the Digital Credit advocates, this is not the positive market signal that you'd want to see. I'd recommend caution and careful consideration for anyone considering allocating capital into this trade, but realistically I don't expect a constructive response on this platform for pointing this reality out. Best of luck to everyone out there.
Matt Dines tweet media
The Wolf Of All Streets@scottmelker

If you believe that $STRC is offering a safe 11.5% yield (I am not commenting on this), then why wouldn't you play your own carry trade and buy $STRC, take a margin loan against it on any platform <5% and reinvest in $STRC? You have to DEEPLY believe that $STRC will hold par.

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Green Candle
Green Candle@Greencandleit·
Jack Mallers just acquired one of the largest Bitcoin exchanges in the world and now holds 45,000 Bitcoin across treasury, mining, lending and payments!!!😱😱😱 SAYLOR HAS A RIVAL AND HE IS MOVING FAST. THE SUPPLY RACE JUST GOT REAL!!! 🔥🔥🔥
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Kelly
Kelly@SelfMadeMastery·
Okay, stepping away from the market for a bit to have a small existential crisis... Do you think we're living in a simulation?
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NewYork HODL
NewYork HODL@newyorkhodl·
I’ve been in situations before where I needed cash and had to borrow money for the event. Personal loan -17% credit cards 23%. I’m starting to think that the bitcoin line of credit at 13% might be a good idea to hold what I would need as a working emergency fund
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🟧@timechain21m·
@btc_overflow 50% margin requirement is super high
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Brian Brookshire
Brian Brookshire@btc_overflow·
Robinhood margin rates start at 5%. $STRC currently pays 11.5%. No further comment.
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🟧@timechain21m·
@TheBTCKnight hacked for $5,000 of ethereum:0x6b175474e89094c44da98b954eedeac495271d0f many shitcoin moons ago
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The Journey Man
The Journey Man@JM_speakss·
My girlfriend wants me to sell some bitcoin and start taking her on some nice dates… What do you think I should tell her?
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BTC
BTC@btc·
We are back live! 🚰 The @btc faucet is fully operational again. To receive your free Bitcoin: Follow @btc and @TetherWallet Tag @btc in a post and provide your @tether.me username The tap is open!
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HyperFury
HyperFury@0xhyperfury·
@pete_rizzo_ His first startup was a failure and yet investors somehow believe he can execute on this?
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The Bitcoin Historian
The Bitcoin Historian@pete_rizzo_·
JUST IN: JACK MALLERS XXI JUST ACQUIRED ONE OF THE LARGEST #BITCOIN EXCHANGES IN THE WORLD 45,000 BTC ON HIS BALANCE SHEET AND COUNTING TREASURY + MINING + LENDING + PAYMENTS NEXT MICHAEL SAYLOR IS HERE 🚀
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Abundant Mines
Abundant Mines@AbundantMines·
Big energy. Bold vision. Best community.
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Peter Novak, the MAGA Astrologer
As predicted. I told you the EXACT DAY we would first hear about a peace deal with Iran: April 18, 2026. No one else did. I told you the EXACT DAY that Kamala would become the 2024 DNC Presidential Candidate: July 21, 2024. No one else did. I told you as early as July 2015 that Trump would beat all the 15 other GOP candidates in the primaries, and then go on to win the Presidency in November 2016. No one else did. Virtually the whole world thought he would lose. I told you years ago that Trump would get America into a big war in 2026. I told you in January that Trump would go to war with Iran this Spring. Again and again, for the last 13 years, I have performed these miracles in front of you. Yes, miracles. Impossible feats according to everything modern science swears by. And hundreds more. I have shared over 150 thousand posts here on astrology, and have also freely provided my 22 class course on advanced astrology. I have freely and very generously given of my 48 hard-won years of experience and wisdom. So if, after I have given all this, and you come into my threads with insults and disrespect, you will be removed.
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Mario Nawfal
Mario Nawfal@MarioNawfal·
🇵🇰🇮🇷 Pakistan just opened 6 land corridors with Iran to route around the U.S. naval blockade. 3,000+ containers already in transit. Via Iran's own state media, so take the numbers with some salt, but the move itself tracks. This is significant. The U.S. blockade only works if Iran is actually isolated. Pakistan sharing a 900km border and actively running cargo through it punches a hole in that logic. China is watching. India is watching. Every country that trades with Iran and doesn't want to pick a side is watching. How does Washington respond to an ally quietly dismantling its blockade? Source: Fars News Agency
Mario Nawfal tweet mediaMario Nawfal tweet mediaMario Nawfal tweet media
Mario Nawfal@MarioNawfal

🇺🇸🇮🇷 CENTCOM confirms: 20 vessels are stranded in Iran's Chabahar port because of the U.S. blockade on Iranian shipping. $110 oil is the price the rest of the world pays while they wait for someone to flinch. How long can both economies sustain this simultaneously?

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🟧@timechain21m·
@BTC_JEDI21 bitcoin and bitcoiners are both adversarial in nature
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Kasha
Kasha@Kasha1201·
@saylor Is there a difference between paying twice a month and paying once?
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Michael Saylor
Michael Saylor@saylor·
You can now vote for the proposed $STRC amendment to pay semi-monthly dividends, instead of monthly. Make your voice heard and your vote count. To learn how to vote, click here. strategy.com/strc/vote?vote…
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