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Sheeet, I thought I was the only one who had a guy on the inside. It’s called a trend day. Everyone sees where it’s going.

El Salvador’s legal tender is still the US dollar. Outside of the Bitcoin tourism areas anyway. El Salvador adopted the US dollar as legal tender in 2001. The years since have proven that it was a great decision, as the US dollar has brought monetary stability to the country that it...

Tether has been lying about its reserves and is a ticking time bomb. Tether is essentially operating as an unaudited bank. Its massive size is now attracting the concern of the Treasury Department because of the potential impact on the financial system when it blows up.

Who knows, if you ask the right questions you may stumble upon an expert who can answer you in a way to further your progress. Or maybe not. The best way to learn, of course, is to sit with an expert and have him explain to you what he’s seeing and what he’s looking for next. For sure he will...

There are about 20 days in a month of trading ES. So 30 days is a month and a half, barely half a quarter. What is sitting and watching for 30 days supposed to do exactly? Maybe prevent losses? You can’t lose money if you just watch and preoccupy yourself with giving names to pattens you see...

Apparently, the man had 2 billion won ($2 million) in Luna.

I’m on Honoka’a side and see a lot of people from the Bay Area. Not as many from LA.

What’s up with these doom and gloom scenarios? They are not indicative of an optimist. How is Bitcoin going to help you if you kill someone and flee the country? In this surveillance-state world, you will not evade capture for very long. You are better off hiring the best criminal defense firm...

Is a Lotto ticket an asymmetric bet (investment)? Many people who’ve won can also say their lives have been changed. Regarding real estate, you have a very superficial understanding of it. Here is my take. First, I don’t consider a personal residence an investment. I know that’s not the...

Asymmetric bets? You’ve been watching too many videos. I do agree with you that what you describe is betting. Betting blind, more like it. There’s nothing bad about leverage if you know what you’re doing. If you’re good, you should use leverage. Sounds like you have a good lifestyle set up...

What is the big thrill about the experience of transferring crypto assets in a decentralized network? Even if I imagine it is money, it doesn’t get me excited. I’m not against new methods, but sending money is a mundane activity. I have no complaints about the current methods. You considered...

Thanks for the correction. I was lazy and going off my memory. I should have typed quarterly operating expenses are 100MM as written in my notes, not 200MM. A pretty decent business? Also wrote “unprofitable sans Bitcoin.” Bottom line is the fundamentals didn’t deter the trade.

I always look at quarterly results. The numbers I used are rounded but they are good enough to get the picture. These are from my personal notes. I didn’t include losses from Bitcoin, “digital asset impairment losses.” Do your own research if you distrust my numbers. Always good to do your own...

It survived in the era of free money and LBO’s. So did a lot of zombie companies. Relying on PR interviews leads to a distorted view. Critical thinking does not seem to be a strong suit of Bitcoin hodlers.

MicroStrategy is not Bitcoin. MicroStrategy is not a Bitcoin ETF. MicroStrategy is a publicly traded corporation that pretends to be a tech company while operating as a holding company for Bitcoin. It has over $200MM in quarterly operating expenses. It has quarterly revenue of around $100MM...

Going all in and staying all in, every plunger is a genius in a bull market. Bear markets tend to separate the real geniuses from the pretenders. MSTR could very well break below $120 before this bear market concludes. Let’s see how tenable it is to maintain his simplistic strategy then. The...

He is not running a family office. Let’s see what happens after a further 50% haircut in the price of MSTR.

It’s a remake of the same story and not even that good compared to prior versions.

Eloquently stated. The video was a pleasure to watch and your words a pleasure to read.