Prediction: The CCP will not bail out Evergrande.

They will nuke global markets because they think they can weather the storm better than the west. They'll happily let their people suffer and distract with a Taiwan invasion if it means the death knell of western capitalism.
There's a rumor floating around that Tether is bagholding tons of dogshit Evergrande corporate bonds. When Evergrande goes bust, they'd be forced to liquidate BTC holdings to cover.

So would other entities that need immediate liquidity. March 2020 all over again.

Bearish?
Bullish.

The strength of Bitcoin is that we know exactly what it is. Its monetary policy will not change. It's a transparent economy, one that can further decouple from the fiat world when all the fiat-debt-laden entities are forced to liquidate and only the hodlers remain.
There will likely be carnage across markets, and Bitcoin has never seen a true recession before. Short term I would expect Bitcoin to dump harder and faster than most assets as people are forced to sell to cover losses.

Who benefits? Value creators with strong balance sheets.
In other words, the people who are adding value to the economy in the traditional sense will be there to scoop up the cheap Sats.

By this point, trust in the fiat economy will be destroyed and the need for Bitcoin's transparent and predictable monetary policy will be clear.
With the petrodollar monetary system destroyed, the world will decide between a decentralized, trustless system (Bitcoin) or fiat 2.0: The digital Yuan / Euro / Dollar. This collective decision will determine the human experience for the next 100-200 years.

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More from @stackhodler

4 Jan
Things to remember during a #Bitcoin dip...

The majority of Bitcoin is still held by strong hands with a very high price.

The low-priced Bitcoin available during a dip comes courtesy of weak hands. They are strengthening the network by offering coins to strong hands.
A sudden influx of cheap coins from weak hands is enough to scare other weak hands into selling.

But the need for a hard-capped sound money has never been stronger.

People who understand this will jump on these coins and the price will soon be going back up.
Short-term thinkers will get rekt, and long-term hodlers will profit as always.

Bitcoin relentlessly punishes people with short time-horizons. And a lot of those weak people only buy when the price is going up big.

Dips are a natural cleansing process.
Read 4 tweets
4 Jan
“What do you think about Ethereum?”

A question all Bitcoiners should have a good answer to when their friends and family ask them.

A few thoughts beyond the “shitcoin” meme...
The truth that ETH devs won’t admit is that they’re a bunch of tech nerds that want to hack on something exciting. Their priority isn’t to move humanity to sound money. They want to build the next big thing and feel like they’re on the cutting edge. Typical developer / SV mindset
Bitcoin is a binary bet on the whole market. There are two possibilities:

1. Bitcoin survives and goes to $10MM a coin because it is humanity’s first perfect money

2. Bitcoin is destroyed by central bankers / governments in which case ETH will certainly meet the same fate.
Read 9 tweets

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