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Cornholdio
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@ramit So you really don’t understand that bitcoin is a superior form of money
And you’re supposed to be some finance expert? It’s painful truly
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@levijawn The difference is housing provides actual utility while bitcoin is for speculation, scammers, and ransomware
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This is THE primary reason why housing is so expensive: limited supply
Why is supply so limited? The answer is NIMBYism -- your neighbors & city council who like exclusionary zoning to prevent more housing
Not Blackrock or evil politicians. Just the people next door
Ali Wolf@AliWolfEcon
Some markets were never able to really move the needle on bringing additional new housing supply to the market
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@ramit Hopium will have folks buying into all sorts of narratives.
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@ramit @mike_of_oz @robbinhood692 How is bitcoin a scam? It is open source code
Your beloved, opaque fiat system is the scam and it’s painfully obvious
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@mike_of_oz @robbinhood692 1. I'm advising people to run the numbers before the biggest purchase of your life
2. I don't sell to traders
3. Do you realize the irony of a laser-eyed bitcoin maxi accusing anyone of being a scammer?
GIF
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Rent costs $2,800
Mortgage costs $4,900 (TCO is probably $7,500/mo)
And there are still people who insist buying would be a better financial option 😂
Housing Bubble Disrespecter 🏡🫧❌@NipseyHoussle
Imagine thinking anything other than it’s going to crash
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@ramit Elon doesn’t matter. For Bitcoin, its rules not rulers
I know this is hard for the fiat mind to comprehend
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@TNW343 I don’t take life advice from guys who have Bitcoin in their bio. Thank you
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@ramit BTCUSD is up ~3x since these cringe tweets
You figure money out yet?
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Some of my new #bitcoin friends are skeptical about me. I don't understand why
Guys, who needs diversification? Concentration is for winners. Buffet said so
8% over history? LOL! I can make 215% in one week. Decentralization
I am a HODLer now
Few understand. But I know you do

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When you start hearing one of the largest holders of Bitcoin making statements about how Bitcoin just needs to appreciate by “x% annually” for their business plan to be viable you just know that the first secular bear market in Bitcoin’s history is gonna be a painful one.
The idea that we will see a bear market worse than anything we have yet seen seems like a foreign concept for some, despite the fact that we have seen these multi-decade boom and bust cycles play out again and again in every other financial market.
If you plan based on data from Bitcoin’s past when its entire past has been one massive secular bull cycle, then you’re gonna be completely blindsided when Bitcoin enters its first secular bear- conditions that we have never yet actually seen before.
$BTC
Strategy@Strategy
If $BTC price appreciates by just 2.3% annually, we can fund all our dividends indefinitely.
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“So you print something out of thin air and sell it and then buy bitcoin”
“That’s right Dave”
“And then you created other things to print out of thin air to sell to people and then buy bitcoin?”
“That’s correct”
“And now you’ve finally landed on the ideal instrument to print out of thin air and sell to people to buy bitcoin?”
“I believe so Dave. I believe so.”
“But in order to service the payments on this new instrument, you have to sell the bitcoin, am I understanding that correctly?”
“Well I’m saying we might sell some bitcoin to pay the dividend or we might choose to, that’s right”
“Why don’t you just not buy the bitcoin in the first place then, Michael? Or why not just keep the bitcoin and not issue more of this thing?”
“No. it doesn’t work like that.”

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@ByzGeneral Two major drawdowns already occurred. Still going. You ok?
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I wonder if Strategy reporting a $12,540,000,000.00 net loss in Q1 had anything to do with him potentially planning on selling Bitcoin 👇
Watcher.Guru@WatcherGuru
JUST IN: Michael Saylor's Strategy proposes selling some Bitcoin to pay dividends. "You buy Bitcoin with credit, you let it appreciate, and then you sell Bitcoin to pay the dividend."
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Mark my words: the next BTC pullback or consolidation period will see $MSTR reflect Saylor’s now-broken promise and narrative of never selling BTC. Much of the capital he attracted at a NAV premium was based on the belief that he would never sell the underlying asset. $MSTR now looks like an inferior Bitcoin exposure vehicle in the capital markets.
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