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Coinbits | DCA into bitcoin Profile picture
Coinbits | DCA into bitcoin
@CoinbitsApp
You can bitcoin. Family run bitcoin-only platform since 2017. #npub10wq297er7xzf6yfwljtvhrxscgqgdtzgxlh7c6meuwue8j5r0ajs90achh
Nov 23, 2022 • 15 tweets • 10 min read
As we approach Thanksgiving in the US, a full year removed from #bitcoin ‘s ATH, having a conversation about it with precoiner friends and family can be difficult.

Here are 10 helpful tips to have robust #bitcoin conversation during Thanksgiving
🧵👇🏽 1/
 Be aware of how knowledgeable you are relative to the general public.

Be empathetic. 4 years ago even you would call yourself crazy for believing, let alone preaching bitcoin.

It will take time for the world to catch up to our knowledge and thus our conviction.
Nov 22, 2022 • 11 tweets • 4 min read
Bear markets are for BUILDING
cc @ICOffenderII

We are incredibly excited to introduce Coinbits 2.0 - supercharged and ready to help you build wealth with #Bitcoin

🚨 And for a limited time, there will be a NO FEE bitcoin-purchase opportunity 🚨

short 🧵 👇 Image We have been hyper-focused on solving a very specific problem: making bitcoin user-friendly.

We are doing this systematically, and with the help of you, our users, we carefully considered every detail in designing a new interface optimized for clarity and speed.

Have a look 👇
Nov 17, 2022 • 20 tweets • 8 min read
You've probably been too busy following the #FTX drama to have noticed some news this week:

The NY Fed along with Citi, HSBC, Mastercard, Wells Fargo and others are starting a 12-week digital dollar #CBDC pilot study.

Big deal or NBD? Get your ☕️ and follow along:
🧵
1/20 2/
 IMPORTANT CONTEXT (you'll see why later)-
The BIS (the final boss for #bitcoin imho), issued a 41 page report titled "The Future Monetary System" showing their vision for a central bank issued CBDC, which this pilot stems from.

We broke it down here:
Nov 10, 2022 • 18 tweets • 7 min read
US CPI in October was 7.7% but there's a hidden reason to believe that we're very close to a local CPI top.

Starting in January 2023, the BLS plans to change the CPI calculation (again), which will likely (and not surprisingly) lower the CPI prints.

What are they doing?
🧵👇
1/ Image 2/
 first, ICYMI: CPI calculation changes aren't new. As a matter of fact, the calculation is ever changing, which is 1 of #bitcoin ers main issues with it.
We've covered the changes of the CPI calculations over the years in this thread; have a look:
Oct 28, 2022 • 15 tweets • 7 min read
We are heading down a slippery and dangerous slope:

Governments worldwide have unmanageable debt & rising rates make matters worse.
While the future is uncertain, there aren't many possible outcomes.

Why & How Governments Fail Financially
(and how #Bitcoin fixes this)
🧵
1/14 2/
 There are 2 main ways governments can financially fail.

1. lose ability to meet obligations to repay debt

2. fails to reassure the public that the value of its currency can still be trusted, leading to hyperinflation.

6 countries have never (yet) defaulted on their debt--
Oct 25, 2022 • 7 tweets • 3 min read
🚨🚨🚨🚨🚨🚨
This Friday we will be announcing Coinbits’ newest ambassador and talking to him/her about a variety of topics.
To celebrate this occasion we are giving away 200,000 sats.
Rules below⬇️⬇️⬇️ twitter.com/i/spaces/1ZkJz… 50,000 sats giveaway rules.
To be eligible for 1 of 3 50k sats prizes:
1. Like and retweet the above tweet.
2. Follow us on Twitter @CoinbitsApp
3. Tune in to our space on Friday

An additional 50k sats will be awarded to the 1st person who
Oct 20, 2022 • 20 tweets • 7 min read
Last week, the most bullish #Bitcoin regulatory event in 2022 so far took place, and it flew under the radar of many bitcoiners.
How bullish?
Bullish enough for @saylor to have called this event a "major milestone on the way to $BTC reaching $5MM USD".
Here's what happened 🧵👇 2/
 The Financial Accounting Standards Board (FASB) decided to require companies to measure cryptocurrency assets at fair value.
This is extremely bullish.
Who?
What?
Why?
So what?
read on 👇
Oct 6, 2022 • 17 tweets • 6 min read
Money printer go brrr is a favorite meme amongst #bitcoin ers

If you didn't know before 2020 how new money gets created, you now know thanks to this infamous clip of JayPow describing it

But how does The Federal Reserve *actually* create new money?

Money Creation 101🧵 2/
 The Federal Reserve is the Central Bank of the US and has the power to create money, digitally and physically.
We've written some threads describing how the Fed Reserve came to be, and how it operates which you can find in our thread of threads:
Sep 28, 2022 • 17 tweets • 6 min read
If you are hearing about the blood bath in the markets for bonds and USTs but aren't 100% certain what they are or what's the difference, we got your back.

Inspired by @_joerodgers and @mcshane_writes 😉

US Treasuries & Bonds 101 🧵👇
1/15 2/
 This isn't our first thread about bonds, have a look here at a slightly different topic: bond yield curves, where we high-level explain bonds, but deep dive more on the implications of their curves' inversion:
Sep 21, 2022 • 14 tweets • 4 min read
The FOMC is the primary monetary policy decision making body within the federal reserve.

How do these 12 unelected people reach decisions on monetary policy that affects billions of people?

Let’s take a look 🧵

1/14 2/
 We’ve written about the FOMC before: who it’s made up of and what they (are supposed to) do and how the FOMC came into existence:
Sep 12, 2022 • 22 tweets • 7 min read
A collection of all our educational threads: creating a repository of key deep dives we've done on #Bitcoin and related topics. Bookmark this and come back when your friends ask you why bitcoin or how something works!

THREAD OF THREADS
🧵🧵🧵👇
1/ 2/
Why the Fed can't raise rates higher than CPI
Sep 8, 2022 • 20 tweets • 6 min read
The Federal Reserve was created in 1913 to "promote greater financial stability and avoid banking panics..."

But how**?
🧐
🤔
🧵👇
1/
**hypothetically speaking; everyone, except them apparently, knows they do the exact opposite of that stated objective😪 Image 2/
 first, here's how the fed defines financial stability:
"when financial institutions and markets are able to provide to communities and businesses products they need to invest, grow and participate in a well-functioning economy."

in other words; no one goes belly up. cool cool
Aug 31, 2022 • 4 tweets • 1 min read
Some people in this space are highly regarded
😑 “It will flippen, THEN it will flippen back!”
Aug 15, 2022 • 14 tweets • 5 min read
Today marks the 51st anniversary of the “TEMPORARY SUSPENSION of the convertibility of the dollar into gold…”

Not so temporary, is it? You’ve heard or seen bitcoiners talking about this but do you actually know:

WTF happened in 1971 (h/t @WTF_1971)?
🧵👇🏽 2/
 Coming out of WWII and into the bretton woods system, “governments were dominated by Keynesian economists who viewed activist fiscal and monetary policy as a natural and important part of government policy.” -@saifedean
Aug 10, 2022 • 20 tweets • 5 min read
It’s CPI day and rather than tell you for the 9237th time that CPI is a hoax, doesn’t represent inflation, and is more like voodoo science, we’ll go with something more entertaining:

The history of CPI changes since its inception.

TLDR: fiat science h/t @saifedean

🧵👇🏽
1/ 2/
 Before we start, if you’re curious about what CPI actually is and the errors of its intent and practice, check out this thread:
Aug 3, 2022 • 10 tweets • 5 min read
26/
 Part 2 of Bank Runs thread continues below. The beginning portion of this thread can be found here:

27/
 Banks kept a portion of reserves as cash in their vaults and the bulk of their reserves as deposits in correspondent banks in certain cities.

Many, but not all, of the ultimate correspondents belonged to the Federal Reserve System.

This reserve PYRAMID setup limited...
Aug 3, 2022 • 25 tweets • 7 min read
With the US in a recession, geopolitical tension, inflation at ATH, the Fed set on tightening monetary policy, and uncertainty on economic outlook, some fear we may have ripe conditions for bank runs.

The most famous: Banking Panics of 1930s
Here's what happened

🧵👇
1/ 2/
 The stock market crash of 1929 made it difficult for borrowers to repay their debts.
Many banks balance sheets became impaired as a result.
Adding to this was the poor diversification in the US midwest banking system that led to the collapse of a string of banks in TN and KY.
Jul 27, 2022 • 19 tweets • 6 min read
In honor of FOMC day, we are tired of explaining why raising interest rate can't ACTUALLY combat inflation meaningfully (i.e. positive real yield).

Instead, here's the history of how these hucksters (h/t @saifedean) came to be, what they do & why.

Follow along!

1/18
🧵👇 2/
Before we start, here's a thread detailing why there is no meaningful way any central bank can actually 'combat' inflation by raising interest rates, regardless of what the talking heads are going say today


Let's begin👇
Jul 13, 2022 • 20 tweets • 8 min read
Important context with regards to today’s US CPI release (9.1%):

CPI IS A HOAX.

Anyone who tries to use it to meaningfully reflect actual inflation is an ignorant 🤡, at best.

Here is why🧵👇🏽 1/
 CPI calculation is a [terrible] attempt at quantifying the increase in ALL consumer goods using a basket of SOME goods to reflect overall price increases.

How can any single “basket” of anything accurately reflect the rise of prices in EVERYthing? Image
Jun 21, 2022 • 35 tweets • 12 min read
🚨BREAKING NEWS🚨
The Bank of International Settlements just published a 41 page paper titled “The future monetary system”

tldr; bitcoin no bueno, buy our cbdc 💩 coin.

🧵👇🏽 bis.org/publ/arpdf/ar2…

Read here when you’re ready for some comic relief.

Summary of their takeaways with our rebuttal is in this thread 👇🏽👇🏽
Jun 20, 2022 • 8 tweets • 3 min read
Hotttttt 🔥 take.

Not all 💩 coins are useless.

Hear us out

🧵👇🏽
1/8 2/8
 Sola-nope. $SOL

Proved out today that it, like many others, are DINO.

Decentralized In Name Only.

Use case: exemplifies to noobs #bitcoin ‘s true decentralization. No one can vote to hold or spend your bitcoin.

Painful but useful lesson.

MORE👇🏽