Discover and read the best of Twitter Threads about #hodlers

Most recents (4)

1/ The more people who hold bitcoin the more valuable and useful it becomes.

BTC is orders of magnitude more useful today than when its price was $1 because it is more salable.

#bitcoin's value actually rises with more demand not just its price.
h/t @hodlwave. @BMBernstein
2/ This is why diversification is a very poor idea with regard to money.
With #bitcoin diversification is actually a value destroyer.

Indexation of Cryptocurrencies and rebalancing is a very bad idea for wealth creation.
3/ It may very well be that Stock to Flow is actually measuring #hodler demand.

Any over shoot we see in price is the Fomo nature of trading and undershoot is that absence of understanding which is slow corrected by hodlers.
Read 5 tweets
1/ Trading/Investing observations/education from TINA: I happen to know a thing or two about TA, having traded for many years. Let me pass along two important lessons in a bull market, which I believe #Bitcoin has likely resumed.
2/ I have heard some guys talking about their opinions on how #bitcoin ought to trade. How it is "over bought" and has to drop $X amount. 1. Bull markets can stay over bought for long periods of time. Just as bear markets can stay over sold for long periods of time.
3/ 2. Markets can correct over boughtness by price or by time. There is not "requirement" how a correction may occur. When you listen to either young or old Technicians please remember those two points when thinking about their advice. This is really for #hodlers who are
Read 7 tweets
1/ Looking back at Bitcoin Markets

I learned years ago the futility of trading on $BTC market. My strategy: stable $BTC income, business profits in $BTC, not owning fiat.

My thesis: $BTC markets have a pattern of discovering the increase in $BTC held by hodlers last resort.
2/ My first bullish signal was the slaying of Bear Whale in October 2014 (cnbc.com/2014/10/09/bit…).
The second was Backpage being Financially censored and ONLY accept Bitcoin. Tens of thousands of sex workers now need bitcoin. I believe they helped create 2015 $200 price floor.
3/ People closely involved in Bitcoin (e.g. the Bitcoin Embassy) saw Scaling Bitcoin 2015 coming, podcasts, Bitcoin core, roadmap, value-proposition (pre "maximalism"). Colored coins, multisig, sidechains, merchants, exchanges, etc. Many sold everything they could for BTC at 200$
Read 13 tweets
1/ Great morning for a tweetstorm updating the latest on the interaction of #WallSt & #bitcoin, drinking coffee from my new BitMug (thanks AC Fenton!) @brucefenton
2/ The most significant news--maybe most important news to date on the #WallSt front--was @tzeroblockchain's token generation event on 10/12 (a fully-compliant #STO on the public #Ethereum mainnet of true preferred stock, issued by an SEC registrant). Investor letter captures...
3/ ...perfectly the true benefit of owning #cryptoassets (which defenders of the legacy system love to ignore): investors have the option to opt out of the legacy system, which is unstable & unfair. Owners can either hold tokens at a broker/dealer OR IN A PERSONAL WALLET at...
Read 13 tweets

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