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metamick | geyser ⚡ Profile picture
@metamick14
Oct 14, 2019 • 3 tweets • 2 min read • Read on X
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 Image
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.
Source: @LocalBitcoins #bitcoinbrazil #Brazil

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More from @metamick14

metamick | geyser ⚡ Profile picture
May 10, 2021
Mainstream economists are renowned for bashing on #Bitcoin. Anthropologists, on the other hand, are becoming more and more interested in it. Why?

TL;DR: they take different views of the truth of what is money.



🧵
🤡 Nobel Prize winning economist @paulkrugman, @Nouriel, @steve_hanke, and many others systematically dismissing #Bitcoin as a bubble, tulip, or speculation asset, with little regard to how people actually use it and view it today. Image
🏰 At the heart of this, is mainstream economics's view that what is money is determined by state's (and statist economist's) ultimate decree. Mainstream economists don't fully recognise the power held by people's collective decisions, and lack the tools to do so.
Read 16 tweets
metamick | geyser ⚡ Profile picture
Oct 3, 2020
Just finished reading "When Money Dies" by Adam Ferguson, and thought I'd share a tweet summary of it.

TL;DR: "Inflation is a form of expropriation of some classes of society during times of peace".

PS: Expect lots of 🖨💵

Thread 👇

/1
1914-24 Weimar Republic highlights:

Money printing (🖨💵) to finance WW1 → 🖨💵 to abate unemployment/ economic stagnation → Prices rise →🖨💵 to abate inflation → Inflation spirals → Speculation & corruption grows → Inequality, discontent, political extremism rises.

/2
The ugly story of Germany's hyperinflation starts in 1914, when Germany suspended the redemption of the mark to gold (1/3 backed by gold) & set up loan banks that would function by 🖨new money to fund war industries & war bond subsidies. (Sounds familiar?)

/3
Read 28 tweets
metamick | geyser ⚡ Profile picture
Sep 8, 2020
#Bitcoin adoption in S. Korea.

TLDR:
- Cryptocurrency market is very big in S. Korea
- Investor behaviour driven by short-term speculation.
- Hwvr, investors are seeing opportunity in trusting software rather than banks, states & institutions.

rasr.rice.edu/RASR_V4_FINAL.…

1/ 🇰🇷
2/ 🇰🇷

⚠️Limitation: researcher doesn't seem to have actually interviewed any S Korean crypto investors😅

rasr.rice.edu/RASR_V4_FINAL.…
3/ 🇰🇷

The big picture:

- Approx. 2% of S Koreans regularly trade
cryptocurrencies
- As much as 31% of SK office workers trade cryptocurrencies.
- In 2017, SK is world's N.3 market in Bitcoin Trading after Japan & US.

technologyreview.com/2017/12/07/147…
Read 10 tweets
metamick | geyser ⚡ Profile picture
Aug 18, 2020
Bitcoin has a branding problem. While we might not care this is largely reducing Bitcoin's accessibility to the masses.

And while #Bitcoin is an amazing technology in itself, I believe the missing link lies in leveraging its culture, the #Hodlculture.

Thread + article👇🐔
2/
The Hodl culture not only has a basic understanding of Bitcoin, but coded inside its DNA are philosophical beliefs of btc as hard money, self-sovereignty, safety & behavioural heuristics such as long-term investing & stick to bitcoin.
3/
 Most importantly, the Hodl culture has the memes! It's humorous in the midst of Bitcoin's tumultuous volatility.

Shine or Rain, Lambos or Rekt, Bitcoin hodlers are emotionally resilient because of the community, and surely the memes help.

Thanks 2 @BitcoinMemeHub
Read 17 tweets
metamick | geyser ⚡ Profile picture
Jul 24, 2020
Follow the white rabbit, follow #Bitcoin

Buy on @rariblecom, 30 in stock.

Art description below. 👇

app.rarible.com/token/0xd07dc4…
1/
And so we did. Down the rabbit hole we went. Navigating the intricate webs of blockchain nodes and Merkel trees.

Like a psychedelic it brought clear vision and re-found purpose. Finance, monetary theory, politics, economics, cryptography. All is revealed.
2/
We saw the breathing #blockchain, living and growing beneath our feet. Like mycelium it expands and it unlocks untapped pockets of energy potentials, creates symbioses with other beings, builds resilience, and enables catharsis.
Follow the white rabbit, follow Bitcoin.
Read 4 tweets
metamick | geyser ⚡ Profile picture
Jun 30, 2020
Which kinds of freedom does #Bitcoin enable?

My initial thoughts are that:
- Bitcoin is primarily an object for individual freedom, but
- It has the potential to grow into one for human freedom more generally that transcends any political affiliation

🕊️👇
Firstly, Bitcoin is about individual freedom. 🙋

Holders will be granted financial sovereignty transcending the will of banks & govts.

This also applies to the freedom of individual wrong doers -who restrict freedoms of others. Hence gathering support from the political right.
But it's highly possible that Bitcoin was intended as a force for human freedom more broadly.

While the Satoshi white paper is purely technical, the Genesis block does provide us this hint:

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

Brrrr 💷💷💷 Image
Read 14 tweets

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