I know we are having a tremendous rally today, but if you need any more inspiration, this podcast just hit the spot. You can feel how giddy with excitement Nik is. It's not that he is just bullish, but he is bullish because of fundamentals and how money moves. I don't know how people can't understand that Bitcoin isn't taking over everything. Nik even addresses this when he discusses the issue of trust between counterparties.
Is the crypto winter over?
- Thread starter schizo
- Start date
Disclaimer: I reside in a country bordering Germany, so our history books may deviate from reality/history to some extent.
But what we learned as children in history class was that Germany lived in great poverty after WW1. Hitler emerged from WW1 and because Jews often held prominent positions (banking, commerce etc), hatred seemed to have grown.
After WW1, Germany was financially punished by surrounding countries, leading it into great poverty. This act, in particular, is still seen as one of the causes of WW2. After WW2 and the Neurenberg trials, Germany was also not heavily financially penalized anymore.
But what we learned as children in history class was that Germany lived in great poverty after WW1. Hitler emerged from WW1 and because Jews often held prominent positions (banking, commerce etc), hatred seemed to have grown.
After WW1, Germany was financially punished by surrounding countries, leading it into great poverty. This act, in particular, is still seen as one of the causes of WW2. After WW2 and the Neurenberg trials, Germany was also not heavily financially penalized anymore.
Excellent WBD episode. Bitcoin going to over $300,000 by 2026 is very high probability, I'm going to put it at 90%
I love the explanation on Bitcoin as internet money
I always say I sleep well at night, it's because of that explanation, only someone who has most of their life savings (net worth) stored in bitcoin can relate... and moving to a different continent proves the concept
The book Layered Money was extremely educational for me, and I'm looking forward to Nik Bhatia's next book!
There is still hope for you.
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The call is free. What more do you have to lose?
Surgical restoration is not advised, but you can actually restore/regrow it by tugging the skin. It takes a long time.
It doesn't bring back the lost nerves, but it does restore the original function to an extent and apparently it still is a game changer.
There is still hope for you.
View attachment 336492
The call is free. What more do you have to lose?
I've learned to live with it. I think I will skip the Botox needle in my wang.
I don’t know the rest of the story but wicks like that happen in coffee every few years. Someone must have been inexperienced and used a market order when buy orders were thin. After I seen one the first time I started putting in extremely low bids hoping that I could grab one of them. Never happened for me and I haven’t put one of those orders in for years.
Now I’ll put my foil hat on. It’s possible that a big player did it on purpose to find out what buying power is out there. And….they could have also been the low buyer using another account just to make a news story. We can’t be sure how much they really let go of.
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I don't think that's even possible even if you wanted to intentionally sell at a steep loss. For instance, suppose the best bid/offer is 10.00 x 10.05 and let's say I'm crazy enough to send a sell order at $8. As soon as that order is sent, it will very likely get executed at $10 because, technically, any sell order that's below the best bid is construed as a market order.
But if your order is big enough won't traders pull their bids?
Only if my offer is above the best bid. But since my offer ($8) is already below the best bid ($10), it will get executed immediately, hitting all the bids until it's filled, and you won't be able to see it. Maybe the HFTs can react to it if it's quick enough, who knows.