Thread

good talk but bit depressing

Made me want to sell bitcoin and come back later

We're currently sitting at 12–17 on the Fear & Greed Index — extreme fear territory. I just bought more. I'm a natural contrarian 😉 My bet: in 6–12 weeks we'll be at new all-time highs again. Adoption keeps climbing, money printers are about to fire back up, and we just saw a 5% move in the last 8 hours… that's the old-school Bitcoin volatility I know and love. Feels like the good old days. 🚀

Nice work 🤙🏼 this is the dip. I’m not gonna bet on the timeframe, but they definitely want that money print before their midterms next year. In the meantime, we’ll see how much smoke turns into more fire sales

I figure the US has about 50% of the influence on Bitcoin's price swings

I figure only 30 percent of humans, interact with the US dollar regularly through trade, remittances, or savings. This 30% drop is probably only like 10% drop in other currencies.

A lot of people feeling negative about this episode.. I think they’re missing what Luke’s saying. He’s bullish. Luke isn’t predicting total US collapse, China takeover, global war, systemic end times, hyperinflation.. he’s just describing vulnerabilities that pressure a response. His point is that the US has entered fiscal dominance: debt and deficits now limit how far the Fed can tighten. So tightening is nearly done, something will eventually “crack”, then QE comes faster, and bitcoin benefits most from the easing phase. If these macro moves are making you want to sell during a dip… step back for a minute. Take a breath. Think about what that means to “sell a dip”. Talk to someone who’s been a hodler through a few cycles about the normality of btc volatility that runs in tandem with the constant up and to the right. Or talk to a macro nerd. Or there’s a handy tool built for this kind of thing on your computer. - Go to the podcast transcript on their desktop webpage - Copy the whole transcript into a text document - feed the document into an LLM like ChatGPT or whatever - tell the LLM to do some deep research on the current state of the market so it can get some context around the podcast transcript - then ask it to summarise the transcript discussion for a new bitcoiner/someone not familiar with macro/lay person/whatever it is that best suits you.. - they’re pretty good at text to concept explanations, so you’ll be able to query it on whether it’s a good time to sell btc and all sorts of other stuff - DO NOT GIVE IT YOUR PERSONAL INFORMATION - But ask it any question you want as an information seeking, neutral observer. Change can be exciting or scary - so you can either approach this time as a wealth opportunity, or as a wealth cost. Whichever one you chose, will become true for you. This is sovereign money - It is your choice.

Don’t sell the dip mate

Love that line 😆 ‘Last functioning smoke alarm’ is so accurate. Curious to hear Luke Gromen break down the current dip

I like Luke but he keeps saying Russia beat NATO in Ukraine. Totally false. NATO hasn’t done shit yet. Sitting on its hands.

Love that analogy. 🔥 Bitcoin doesn’t wait for the fire to start; it warns us while the system is still pretending everything is fine.