TDR

GM! Avacados are good!

In the past year I have used Bitcoin to buy a steak dinner, wine, coffee, Steak n’ Shake, Pecan Butter, Pizza, electrolytes and probably a couple of things I can’t remember. We are winning! nostr:nprofile1qqs2zyln8z7q5at62cc73dg7r5ys65t867fdl2vzdtj94yehx7rqv7qpzfmhxue69uhkuu3wwfhhxctwduhxxcgpramhxue69uhhyetvv9ujuerhv9j856t9wd3kjct2v4jx2m3wwpkqcvqjqh nostr:nprofile1qqswaptqf78vde8zf78272nzf5zza02rrkhyfrlpzau6mnakhdu9whspz9mhxue69uhkummnw3ezuamfdejj7qtxwaehxw309anxjmr5v4ezumn0wd68ytnhd9hx2tmwwp6kyvtpxeaxkutww4mkxmt2waukuathx36ng7redenhjwfkxu6hswrywank5wph0guk6ef5dqux6erhd43nycfswyux6angdf4n7cnjdaskgcmpwd6r6arjw4jsfhfm8g nostr:nprofile1qqswp94gnm4epqsgjkndl4lnd8krzdj5u4mzuppdtxksdymkty63g7gpz4mhxue69uhks6tnwshxummnw3ezumrpdejqz9nhwden5te0wfjkccte9ehx7um5wghxyctwvsqczk6n nostr:nprofile1qqs0yskv6ug7c4rc4k4tasluaap6qjadffymulmjg7zky8pnduepqqcpzdmhxue69uhhyetvv9ukzcnvv5hx7un8qyt8wumn8ghj7un9d3shjtnswf5k6ctv9ehx2aqajxxj2 nostr:nprofile1qqs2gndun24r2utk5l20tscsdprw5zttvm0qk58w8xhl2ja2kmzt7jcpzpmhxue69uhkummnw3ezumt0d5hszythwden5te0dehhxarj9emkjmn99urewcry

Bought the top in 2021 and I’ll ride to 0. But this sucks. Feels like the blow off tops are done.

Everyone can zap 1 sat

First in foremost, stack sats. That’s a given. Also, none of this is financial advise. Just my thoughts that I can put on a decentralized protocol. ~~~~ I keep going back to this BTCTC thing. I don’t know what happens to all the smaller ones, I’m strictly focusing on MSTR. The stock market is always forward looking and the only way MSTR is overvalued/valued accurately is if Bitcoin doesn’t do what we all think it’s gonna do OR they don’t actually hold the Bitcoin. If Bitcoin succeeds and they actually have it, this gives them so much optionality in the future and they will certainly have the biggest treasury out of any company, including Berkshire Hathaway. I know Berkshire has their mitts in a lot of different companies AND has a large treasury but Strategy will have the option to do this once Bitcoin monetizes. (These following numbers are from Grok so I’m sorry if they are inaccurate) Berkshires current mNAV to their treasury is 3.11 which is currently at historic lows. Between 2001-2008 it’s mNAV was between 3-5x. And from 2016-2024 it ranged between 10-22x. Strategy’s mNAV is under 1.5x right now. IMO, one of these companies, if not both, are mispriced.

A couple of thoughts on the bitcoin credit market (MSTR): 1. The preferreds are holding up as they should in a downturn. 2. If Saylor is looking to get credit ratings for the preferreds, is this actually good signal to the credit rating agencies? 3. Saylor has mentioned closing out the convertible bonds. Is there a benefit to Saylor, Strategy, Common stock holders, and/or preferreds if they close out the convertible bonds closer to 1x mNAV? About to chat with AI about this, but please repost this if you see it. Would love to get some thoughts from people on this. nostr:nprofile1qqsp4lsvwn3aw7zwh2f6tcl6249xa6cpj2x3yuu6azaysvncdqywxmgpp4mhxue69uhkummn9ekx7mqpzfmhxue69uhk7enxvd5xz6tw9ec82csddzc47 nostr:nprofile1qqsvfr3f7p95stxqrjslnmuvsmhcxxxqt8swjdfjx5tz7zq0yms5cygpramhxue69uhhyetvv9ujumn0v3jhyatwdejhyuewdejhgam0wf4sz9rhwden5te0wfjkccte9ejxzmt4wvhxjmcmg26u9 nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpz4mhxue69uhkummnw3ezumtpd35kutn0dekqz9thwden5te0wfjkccte9e4kzmts9eekjar9y08qv9 nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy

Okay, I think it’s happening soon. Just got a text from a friend that told me his friend that DOES a lot of Bitcoin has sold all of his coins and will be buying back lower.

Was at a large winery dinner last night and I opened bitchat. 0 users. Early….

Price today feels like David Bailey is buying Ethereum so he can buy wrapped btc 😂😂😂

118!

Yo! Bitchat is a game changer. It’s not about communicating in a crisis. This mesh network is easily scalable. I can see a future where you can pay via cashu over bitchat everywhere. Just like using cash back in the day. Excited to see how this develops over the coming years. nostr:nprofile1qqsgydql3q4ka27d9wnlrmus4tvkrnc8ftc4h8h5fgyln54gl0a7dgspxdmhxue69uhkuamr9ec8y6tdv9kzumn9wshkz7tkdfkx26tvd4urqctvxa4ryur3wsergut9vsch5dmp8pesz9nhwden5te0wfjkccte9ehx7uewwdhkx6tpdswfvru5 nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg