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Moon Capital 🔑 Profile picture
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9 Jan, 6 tweets, 3 min read
Clearly a blow off top bubble here. Would not buy #Bitcoin at ≈ 2x ATH.

May 2017

1 BTC = $1,791
Clearly a blow off top bubble here. Would not buy #Bitcoin at ≈ 2x ATH.

March 2013

1 BTC = $43
Clearly a blow off top bubble here. Would not buy #Bitcoin at ≈ 2x ATH.

April 2011

1 BTC = $1.82
Clearly a blow off top bubble here. Would not buy #Bitcoin at ≈ 2x ATH.

January 2011

1 BTC = $0.60
Clearly a blow off top bubble here. Would not buy #Bitcoin at ≈ 2x ATH.

January 2021

1 BTC = $40,700
This time is clearly different.

If you own 0.00000000 BTC, wake up.

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More from @Moon__Capital

Moon Capital 🔑 Profile picture
8 Jan
1/ INSIDE THE EVENT HORIZON with @MimesisCapital

THREAD #6

mimesiscapital.medium.com/unprecedented-…
2/ Since March of 2020, the number of Bitcoins held on exchanges has decreased at an unprecedented pace. Image
3/ Directly before the 2017 bull run, we saw a much smaller, but similar phenomenon. In August of 2016, we witnessed total exchange balances peak at 1.06M BTC. At the beginning of 2017, 0.94M BTC remained on exchanges, meaning 120,000 BTC were removed (-11% decline).
Read 8 tweets
Moon Capital 🔑 Profile picture
11 Dec 20
1/ We've all seen the massive amount of BTC being drained from exchange balances, but I've been somewhat skeptical that $GBTC could be sucking up exchange balances (not HODLers adding BTC into cold storage).

Here's a short thread of my research on this topic. Image
2/ The total Exchange Balance peaked roughly February 14th (around the same time the price peaked).

Price $10,300
Exchange Balance 2.95M BTC
GBTC AUM $2.97B
GBTC Holdings 288,000 BTC
3/ Today, December 11th, the data is...

Price $18,000
Exchange Balance 2.3M BTC
GBTC AUM $10B
GBTC Holdings 553,000 BTC
Read 9 tweets
Moon Capital 🔑 Profile picture
27 Nov 20
I think one of the best ways to store #Bitcoin is @COLDCARDwallet.

Here is a strategy for max security.

1. Use it air gapped.
2. Download and verify latest firmware (use firmware from a few months ago if you don't review the updates yourself).
3. Generate seed using dice rolls.
4. Store seed on @blockplate.
5. Export your "watch only" wallet to microusb.
6. Import your "watch only" into software wallets (I like @ElectrumWallet and @bluewalletio).
7. Make sure the receiving addresses match the receiving addresses visibly on your Coldcard.
8. Send a small amount of Bitcoin ($5) and view the confirmed transactions on your software wallet.
9. Wipe your Coldcard device's seed.
10. Use the same device or a completely different air gapped Coldcard to recover your seed.
Read 6 tweets
Moon Capital 🔑 Profile picture
20 Nov 20
1/ Introducing my new series: INSIDE THE EVENT HORIZON with @MimesisCapital

THREAD #1

Why is One Bitcoin Worth $18,000?
2/ $330,000,000,000 (330 BILLION DOLLARS)

That’s the total current value stored on the Bitcoin network, and it is likely undervalued by 200x-1000x (or more).
3/ In 2009, not a single Bitcoin existed. Today, over 18 Million of them exist and each one is worth $18,000 (18.5 million x 18,000 = 330 Billion Dollars of Value).

How is this possible?
Read 11 tweets
Moon Capital 🔑 Profile picture
11 Nov 20
1/ “BUT THEY WILL BAN BITCOIN.”

Let me quickly explain why this threat is HIGHLY overestimated and why it is NOT possible or even reasonable.

$1,000,000+ #Bitcoin is nearly inevitable.
2/ First, if someone is presenting this argument, they've conceded that Bitcoin is the world's most valuable monetary good ever discovered.

They understand that Bitcoin will become so incredibly valuable that it may threaten government itself.
3/ Many reference that private gold ownership was banned in the US in 1933.

BUT, people forget that the reason private gold ownership was banned is because the USD was redeemable for a fixed amount of gold. They needed to break the peg to expand credit (to stimulate).
Read 11 tweets
Moon Capital 🔑 Profile picture
5 Nov 20
As we enter #Bitcoin's next parabolic bull run from $3,000 to $1,000,000 and beyond, I'm compiling a thread (below) of all major Twitter threads written to help YOU understand what is happening.
Bitcoin is NOT a bubble. It's the world's best form of money.

Bitcoin is HIGHLY volatile. This is good.

Read 8 tweets

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