J0E007 🐳 @J0E007_backup

All hail J0E007. May the legend be remembered. Buy me a beer : 37wXxFRMSKUepaELrU8SBjKSW2hvDf136H Joined January 2020

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J0E007 🐳 @J0E007_backup

5 years ago

How about this revolutionary new strategy: Do something you enjoy, and you are really good at. Preferably, something that other people find useful and are ready to pay money for. Then convert the proceeds into BTC.

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J0E007 🐳 @J0E007_backup

5 years ago

Not only are miners trapped, they are also overleveraged as hell, as they hoarded mined BTC and took out USD loans to finance their ops, expecting mad gains from The Great Halvening. And these chickens are now coming home to roost...

J0E007 🐳 @J0E007_backup

5 years ago

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J0E007 🐳 @J0E007_backup

5 years ago

Before the last halving, there were no facilities for fiat loans collateralized by cryptocurrencies. Currently, there are, and miners are actively using them to finance their ops, to the tune of hundreds of millions of USD.

J0E007 🐳 @J0E007_backup

5 years ago

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J0E007 🐳 @J0E007_backup

5 years ago

There is info about significant amount of fiat loans taken on by miners to finance their ops, collateralized by mined BTC. This effectively creates margin long positions, totally invisible to market participants.

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J0E007 🐳 @J0E007_backup

5 years ago

It may come as a surprise for you but the world is much bigger than USA (and in many respects Eurodollars are more important than US-native USD). zerohedge.com/markets/down-r…

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J0E007 🐳 @J0E007_backup

5 years ago

One problem with S2F model is that it's divergent, predicting ridiculous price of $1 trillion BTC by 2050 and infinity after 2140. An alternative FSM model is convergent and more realistic. But if you expect $1M BTC any time soon you may be disappointed. medium.com/the-capital/a-…

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J0E007 🐳 @J0E007_backup

5 years ago

Translation from Veronese: "I threw in some of my dwindling BTC reserves to pump my centralized shitcoin no one needs or wants otherwise. Could you guys please re-ignite some FOMO and let me drop some of my BCH bags on you? Pretty please? They are really heavy, these bags..."

Roger Ver @rogerkver

6 years ago

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J0E007 🐳 @J0E007_backup

5 years ago

Can't but agree with @RayDalio. If you want to be successful, the very first step is to embrace reality as it is, and deal with it. Not to get stuck in your fantasy dream world. So many of CT people need to learn it. Watch this, well worth 30 minutes. youtube.com/watch?v=B9XGUp…

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J0E007 🐳 @J0E007_backup

5 years ago

Thankful for all the hard work by many thinkers such as Mises, Hayek, Rothbard, May, @chaumdotcom, @halfin, Wei, @NickSzabo4, @adam3us, Nakamoto and many others that made self-sovereign non-political hard money possible. nakamotoinstitute.org/literature/

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J0E007 🐳 @J0E007_backup

5 years ago

What do you mean "What happens after Halving"?! The miners stop selling and the price immediately jumps to reach new ATH, of course. Well, not "immediately" - it may take a minute or two, maybe.