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BoomTown
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scarcity requires trade-offs.
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BoomTown 9 months ago
“Bitcoin sets the cost of capital!” “Sats flow!” Only if NGU. Storer of value? Medium of exchange? Unit of account? Only if NGU. Perhaps all the rich bitcoin OGs should return to their roots and remember that there is an entire generation of bitcoiners who have been in - some all-in - for 4+ years and all we have is a stupid “bitcoin $100k” hat. Absolute scarcity needs to do its thing. The fact that it hasn’t yet shows that while bitcoin influencers circle jerk with podcasts and venture capital firms, the credibility of bitcoin as money is being interfered with by Coinbase, binance, and the like.
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BoomTown 9 months ago
Financial leverage = balance sheet position Operational leverage = life position Having both at the right time leads to incredible wealth. Having both at the wrong time leads to financial ruin.
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BoomTown 9 months ago
Can we go back to worrying about NGU … ? Im annoyed AF right now. 100+ days since the ATH and even that was kinda late and pathetic based on historical standards. Exponential means exponential. Not linear. Not diminishing returns.
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BoomTown 9 months ago
Class of ‘21 maxis are the real ones.
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BoomTown 9 months ago
100 days since the ATH. Worst bull market ever.
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BoomTown 9 months ago
At some point this guy should stop with predictions…he misses on all of them. image
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BoomTown 9 months ago
WTF will keep this bull run from fully manifesting in the next 3 months? … like full on, face melting upside price action. If we are winning then the class of 2021 needs to experience their windfall moment.