Discover and read the best of Twitter Threads about #StackingSats
Most recents (12)
1/ Heute soll es um das schönste Eigentor der letzten Zeit gehen: Die Entscheidung der @sparkasse, das #Bitcoin Pilotprojekt nicht in die Tat umzusetzen. Ich will zeigen, warum es ein historischer und kurzsichtiger Fehler war. Ein kurzer Thread. 🧵👇
2/ Wir erinnern: Die Sparkasse wollte in einem Pilotprojekt des Deutschen Sparkassenverlags (DSV) & S-Payment Möglichkeiten / Risiken des Bitcoin Handels prüfen. Fazit: Ulrich Reuter, Präsident Sparkassenverband Bayern, erteilt Absage & vergleicht Bitcoin mit Schneeballsystem.☃️
3/ Wo anfangen? Vorne: Verwahren von Geld war die ursprüngliche Funktion einer Bank. Der Begriff „Bank“ stammt aus der Renaissance & bezeichnet eine reale Bank, auf der Geschäfte abgewickelt wurden. Damals ging es u.a. um Gold – in Florenz z.B. bevorzugt Florentiner Goldmünze.
As a Class of 2021 #Bitcoin-er, I would like to unofficially-officially welcome the Class of 2022. Buckle up for a legacy impacting journey. First things first: it is critical that you to develop a proper framework regarding #BTC. Attached is your required reading list. Thread 🧵
Bitcoin Standard @saifedean
7th Property @ericyakes
Layered Money @timevalueofbtc
Blocksize Wars / Jonathan Bier
Internet of Money @aantonop
Price of Tomorrow @JeffBooth
Thank God for #Bitcoin / @jimmysong, @Breedlove22
End the Fed @RonPaul
Psychology of Money @morganhousel
7th Property @ericyakes
Layered Money @timevalueofbtc
Blocksize Wars / Jonathan Bier
Internet of Money @aantonop
Price of Tomorrow @JeffBooth
Thank God for #Bitcoin / @jimmysong, @Breedlove22
End the Fed @RonPaul
Psychology of Money @morganhousel
That's your reading list. Get it done. No excuses. Audible is fine. The point is to get the correct content consumed so you can draw an accurate perspective regarding #Bitcoin and the future.
Under no circumstance do you take orders from mainstream. They are confused. See below.
Under no circumstance do you take orders from mainstream. They are confused. See below.
The #Fed Playbook
Jul. 16, 2020
1/ After a few weeks of decline the Federal Reserve is adding a small $38 billion to its balance sheet.
The emergency measures are almost gone so we are now getting a good old regular asset purchase program.
Jul. 16, 2020
1/ After a few weeks of decline the Federal Reserve is adding a small $38 billion to its balance sheet.
The emergency measures are almost gone so we are now getting a good old regular asset purchase program.
The #Fed Playbook
Jul. 10, 2020
1/ The Fed continues purchasing treasury securities but swap lines and repo lending are down. That means another week of contraction of the balance sheet.
Down US$ 88 billion... but you can barely see it on the chart... 👇
Jul. 10, 2020
1/ The Fed continues purchasing treasury securities but swap lines and repo lending are down. That means another week of contraction of the balance sheet.
Down US$ 88 billion... but you can barely see it on the chart... 👇
2/ This balance sheet contraction is not a surprise though. It simply follows the end of the emergency measures. The same thing happened in 2008.
After that expect the #Fed to do more #QE and more balance sheet expansion. 👇
After that expect the #Fed to do more #QE and more balance sheet expansion. 👇
3/ And this is leading to nothing else but currency debasement.
From 1980 to 2019 the M2 money supply averaged a 5.85% growth every year with occasional spikes at 10%.
It is only July but already in 2020 the M2 money supply is up 20%!
#Brrr Thank you Chairman Powell...
From 1980 to 2019 the M2 money supply averaged a 5.85% growth every year with occasional spikes at 10%.
It is only July but already in 2020 the M2 money supply is up 20%!
#Brrr Thank you Chairman Powell...
1/ On the eve of #Bitcoin's quadrennial supply shock, inquiring minds are wondering whether the so-called "Bitcoin halving" is "priced in". In this thread I will explain that it is not and it cannot be priced in. 👇
2/ It is important to understand that #Bitcoin is not a traditional financial asset and cannot be priced as such.
3/ In finance the term "priced in" refers to whether information that affects future potential cash flow of a revenue generating asset or company has been properly discounted into the current valuation, factoring in things like interest rates.
Yet #Bitcoin has no cash flows...
Yet #Bitcoin has no cash flows...
A guide on how to best stack Sats in Europe
(as easy and private as possible)
(as easy and private as possible)
1/ It should be clear by now that #stackingsats and HODLing Bitcoin is the way to go. Especially after the @TFTC21 episode with @american_hodl.
This is a step by step guide on how to best #stacksats with @GetBittr. (Europe)
This is a step by step guide on how to best #stacksats with @GetBittr. (Europe)
2/ First you will need to create a completely new wallet. Do *not* use any other old or already used wallet, since that would damage your privacy. Use this new wallet for @GetBittr *only*.
Purchases of Bitcoin in Brazil spike when price spikes, and drop when the price drops.
Bubbles can create massive influx of new capital, and price drops are a great buying opportunity. #bitcoin
Bubbles can create massive influx of new capital, and price drops are a great buying opportunity. #bitcoin
I am sure the whales have understood this because there is plenty of money to be had in buying low and dumping high.
As retail investors appear to be attracted by high prices and scared of low prices.
This points to the importance of #stackingsats and #hodl strategies.
As retail investors appear to be attracted by high prices and scared of low prices.
This points to the importance of #stackingsats and #hodl strategies.
Fiat vs Bitcoin vs Bikes Thread:
0/ In this thread I will the compare soundness of bikes, Turkish Lira and Bitcoin. Show how compounding inflation devalues fiat currencies. Got triggered from a question on Tv, too deep in the rabbit hole.
0/ In this thread I will the compare soundness of bikes, Turkish Lira and Bitcoin. Show how compounding inflation devalues fiat currencies. Got triggered from a question on Tv, too deep in the rabbit hole.
1/ The image below is from a Turkish tv Show. The question was: How many years it would take for someone to buy a 7800 Turkish Lira(TRY) worth of a bike if he is saving 50 TRY a week?
2/ Answers were 1,2,3 and 4 years. When simply thinking the answer is easy and 3 years. 7800/50/52= 3 years. In practice it is a complicated question and none of the answers given were true. No fiat savings of a constant amount would result in 3 years due to inflation.
Blue is now one year old 🥳
Happy birthday to us, all contributors, all users and the community. Thank you for all the support over this year, we are extremely grateful and pumped to keep building.
Onboarding one user at the time 💙
There will be sats today, keep an eye ⚡️👀
Happy birthday to us, all contributors, all users and the community. Thank you for all the support over this year, we are extremely grateful and pumped to keep building.
Onboarding one user at the time 💙
There will be sats today, keep an eye ⚡️👀
1/ #bitcoin moves, and of course the world wants to know why 🤷🏽♀️
expanding on my thoughts shared with @MelissaLeeCNBC and crew @CNBCFastMoney👇
expanding on my thoughts shared with @MelissaLeeCNBC and crew @CNBCFastMoney👇
2/ let’s start with what’s changed since my last visit during the CRYPTO CRISIS
✅ legacy finance players are legitimizing the asset class
✅ new consumer touch points are expanding access
✅ new platforms and services are enabling institutional investment
✅ legacy finance players are legitimizing the asset class
✅ new consumer touch points are expanding access
✅ new platforms and services are enabling institutional investment
3/ real talk, in the last 6 mos:
- @NYSE @Bakkt announced $182.5M raise for bitcoin exchange, clearing & custody services
- @DigitalAssets bitcoin trading & custody set for launch
- @TDAmeritrade launching bitcoin futures
not to mention ppl like @jack are #stackingsats
- @NYSE @Bakkt announced $182.5M raise for bitcoin exchange, clearing & custody services
- @DigitalAssets bitcoin trading & custody set for launch
- @TDAmeritrade launching bitcoin futures
not to mention ppl like @jack are #stackingsats
0/ This whole bear market I've been repeating that Bitcoin prices move quickly, unexpectedly and in large jumps. If you are following any of the technical analysis talking heads or if you think you have an edge in doing TA yourself, take a few moments to analyze historical prices
1/ The chart below, for example, has data from 1/1/15. The scatter plot shows daily returns. Do you see how many of those are above 7%?
No need to go far, remember 4/1 when BTC moved from 4,150 to 4,900?
How many "experts" saw that coming?
No need to go far, remember 4/1 when BTC moved from 4,150 to 4,900?
How many "experts" saw that coming?
2/ When markets go down, you often hear: "well... I'll just take my money and wait on the sidelines"
The opportunity cost is massive. I remember in 2008, after the crisis, when many investors were on the sidelines and only came back after 2011 at much higher prices.
The opportunity cost is massive. I remember in 2008, after the crisis, when many investors were on the sidelines and only came back after 2011 at much higher prices.
What is the most scarce asset?
Time.
How valuable is it?
Ask yourself this question: Warren Buffet is 88 and worth $84 billion, would you trade lives with him?
I’m in my early 30’s and would not.
Therefore, I value a year of time at more than $1bn.
Time.
How valuable is it?
Ask yourself this question: Warren Buffet is 88 and worth $84 billion, would you trade lives with him?
I’m in my early 30’s and would not.
Therefore, I value a year of time at more than $1bn.
We convert time into money through work.
Money = stored time.
We trade our most scarce asset for something less scarce.
Scarcity can be measured through stock to flow ratio (inverse of inflation)
USD: 20:1
Gold: 50:1
Bitcoin: ~25:1 but trending towards infinite
Money = stored time.
We trade our most scarce asset for something less scarce.
Scarcity can be measured through stock to flow ratio (inverse of inflation)
USD: 20:1
Gold: 50:1
Bitcoin: ~25:1 but trending towards infinite
For the first time ever, there is a money whose scarcity will equal that of time.
I believe people will eventually realize the importance of this and start storing their time in bitcoin.
If not, you give government the ability to steal your most scarce asset
#stackingsats
I believe people will eventually realize the importance of this and start storing their time in bitcoin.
If not, you give government the ability to steal your most scarce asset
#stackingsats
