Discover and read the best of Twitter Threads about #irresponsiblylong
Most recents (8)
1/
I know I spam twitter with bullish tweets about #drybulk. There's a reason why I'm pounding table on this one. This might be the only(!) chance you will get in your life time to participate in a mega cycle. Remember, it's 18 years since the last one started.
I know I spam twitter with bullish tweets about #drybulk. There's a reason why I'm pounding table on this one. This might be the only(!) chance you will get in your life time to participate in a mega cycle. Remember, it's 18 years since the last one started.
2/
Let's start with the demand side.
There's two drivers of demand. Demand for the commodity and supply of the commodity. Infinite demand for iron ore doesn't help if there's no supply to put on ships. But they are connected. ---
Let's start with the demand side.
There's two drivers of demand. Demand for the commodity and supply of the commodity. Infinite demand for iron ore doesn't help if there's no supply to put on ships. But they are connected. ---
3/
Increased demand for the commodity leads to higher prices, incentivising increased production.
Will soybean producers be likely to increase production and shipments going forward?
Increased demand for the commodity leads to higher prices, incentivising increased production.
Will soybean producers be likely to increase production and shipments going forward?
By now I’m sure most of you have heard the superb, milestone #Bitcoin debate between @nic__carter and @profplum99 on the @ttmygh podcast. 1/
A Thread 👇
Here's a link if you haven't:
ttmygh.podbean.com/e/gwp_002/
A Thread 👇
Here's a link if you haven't:
ttmygh.podbean.com/e/gwp_002/
Of all the points discussed, there is one immediate concern that must be addressed: #Tether. It’s easy to have a knee-jerk response in anger to @profplum99 for making the challenge, but his concerns about whether there are sufficient reserves backing #Tether are noteworthy. 2/
Furthermore, Nic does not dispute the broader reserve concern, pointing out this it is unknowable at this moment.
It’s time to “hone the sword” once and for all and strengthen the case for crypto by determining whether #Tether is actually being counterfeited to... 3/
It’s time to “hone the sword” once and for all and strengthen the case for crypto by determining whether #Tether is actually being counterfeited to... 3/
There is always a bear case for EVERY asset (cyclical and/or secular) including BTC. The ONLY thing that matters is WHEN the bear case will change market dynamics. That is the ENTIRE investment game. Making bear cases is only a small part of the game. Same is true of bull cases.
I personally don't see any threat to the bull market in BTC at this point, or any risk remotely near, but everyone needs to understand ALL risks to assess their own probabilities and risk tolerance. Even S2F is cyclical.
Everything else is FUD. Now, positive reflexivity is king.
Everything else is FUD. Now, positive reflexivity is king.
#irresponsiblylong BTC and ETH. My split is now 70/30.
Good luck and I actively filter the FUD noise as it's getting deafening right now...
Good luck and I actively filter the FUD noise as it's getting deafening right now...
Crypto Bomb:
Ok, I'm leaking some GMI early... (not published yet - tomorrow a.m.)
I will eventually publish in Real Vision too (this article only). I push back strongly the Pfeffer view and the "shitcoin" view.
It's all Metcalfe's Law, baby... and ETH = BTC, like it or not.
Ok, I'm leaking some GMI early... (not published yet - tomorrow a.m.)
I will eventually publish in Real Vision too (this article only). I push back strongly the Pfeffer view and the "shitcoin" view.
It's all Metcalfe's Law, baby... and ETH = BTC, like it or not.
You are your behavior....
Network value...(Metcalfe's Law)
So, if the hypothesis that key driver of asset prices is the devaluation of fiat currency it pays to look at assets against G4 Central bank balance sheets as the denominator, to determine what is a store of value.
Here is the G4 balance sheet - 2009 was when it all started.
Here is the G4 balance sheet - 2009 was when it all started.
Commodities have failed to maintain their purchasing power..
Bonds have failed to maintain their purchasing power...even after rallying for the last decade.
So, how is the hero of our story doing?
Let's look at the SPX vs Bitcoin...Our hero has eaten the equity markets lunch, and all-time lows of SPX vs BTC lie dead ahead.
Let's look at the SPX vs Bitcoin...Our hero has eaten the equity markets lunch, and all-time lows of SPX vs BTC lie dead ahead.
Our good friend gold has also been soundly thrashed by our super hero and new all-time lows of gold in bitcoin terms lie dead ahead too...
But the battle of the super villain versus the super hero is just being fought. The G4 Central Bank balance sheet is breaking key supports and Bitcoin is about to slay the BIG villain of our story (but expect a fight until the death).
As someone who is #irresponsiblylong both Bitcoin and DeFi, I cannot understand the constant tensions and bickering between the communities
In yesterday's daily, I explore why I believe Bitcoin and DeFi are symbiotic rather than competitive
Thread 👇
In yesterday's daily, I explore why I believe Bitcoin and DeFi are symbiotic rather than competitive
Thread 👇
1/11 Bitcoin can be seen as "Digital Gold", with its like for like characteristics as a store of value being superior in every way
However, it's also much more than this as it's natively digital nature enables programmability, utility and financial innovation at software speed
However, it's also much more than this as it's natively digital nature enables programmability, utility and financial innovation at software speed
2/ Bitcoin is not only a financial asset that is no one else’s liability, it can also be used as part of a broader financial system without becoming someone else’s liability
Rather than trust a counterparty, users need only trust cryptoeconomic incentives and human greed
Rather than trust a counterparty, users need only trust cryptoeconomic incentives and human greed
Important Thread:
If you don't think Central Bank Digital Currencies are coming, you are missing the big and important picture. This is going to be the biggest overhaul of the global financial system since Bretton Woods.
If you don't think Central Bank Digital Currencies are coming, you are missing the big and important picture. This is going to be the biggest overhaul of the global financial system since Bretton Woods.
Talking of Bretton Woods, this IMF article alludes to a huge change coming but lacks real clarity outside of allowing much more fiscal stimulus via monetary mechanisms.
imf.org/en/News/Articl…
imf.org/en/News/Articl…
And tomorrow, the IMF holds a conference on digital currencies and cross-border payment systems..
meetings.imf.org/en/2020/Annual…
meetings.imf.org/en/2020/Annual…
