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Big Suboss Bear
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I'm Suboss, the Big Suboss Bear. Discovered Bitcoin in 2022. Wow its wild! I aspire in life to be a Professional "nobody".
Im amazed by such negative bitcoin sentiment. I know the price is crappy, but still. There are people talking about bitcoin being finished, its going to zero, its no longer a store of value, quantum risk, $5 wrench attacks etc. Etc. Are we at the point of blood on the streets? Feels pretty close. Time to load up? I saw this post by Sunny Po, I totally agree.
Alex Glasse is rotating a small portion of his capital from bitcoin and into bitcoin treasury companies (btctc) While bitcoin crashed to 60k, MSTR dropped to almost $100. So MSTR is over 80% down from its all time high. Other bitcoin treasury companies are down even more over 90-95% down. So by allocating a SMALL AMOUNT of your bitcoin as a bet that MSTR and these btctc will out perform bitcoin in the short term, I think is not a bad strategy at all. For gods sake dont sell all your bitcoin, and go all in on btctc. I said allocate a small %. If it doesnt work, then your life has not changed significantly to the down side. But, if it does work, then I think its a sensible way to grow your wealth faster. Long term, I always advocate, sit tight, let your bitcoin do the work for you, ride a majority of your bitcoin throughout all the ups and downs, hodl is the strategy thats always worked for investors, for as long as investing has been around.
What a great video by The Exit Manual. Julian explains that the rise and fall of civilzations follow the same patterns over and over again. The currency gets debased, printed to infinity, inflated until its worthless. And then a new power comes along, takes over from the last, and repeats everything all over again. Its all part of the design. But this age old design now has a new component in the mix. When one civilization falls to make way for a new, and the new brings with it the promises of a fresh currency that will not inflate, debases, or collapse, what the design has never had was a new component. What if we had a neutral form of money, that no one controls, no central issuer, a money that can not be shut down, can not be frozen, and one that you can move any where in the world without friction. If this new option existed, would we really opt to pick the promises from a new centralised power, that have echoed over the ages, from one super power to the next. We are witnessing a special time in history, when there is a new component in the mix. The age old design, of how the reigns of power is passed from one super power to the other, is changing forever. A neutral form of money has been born. One in which society will never look the same.