Twitter is broken. It’s the only social network where you can have hundreds of thousands of followers and <100 likes on a post.
The feed algo is either malicious and enabling censorship (aka “shadowbanning”) or is just broken.
Interested to see if/how
@elonmusk
fixes this.
This will likely go down in history as the most expensive tweet ever. It probably cost the State of California around $5bn this year in lost taxes from
@elonmusk
, and probably more from other Tesla execs who left California. Nice work, Lorena!
My mom passed away earlier this week. Regardless of what happens in crypto over the next week or so, please don’t mistake my silence for anything other than me needing some time to disconnect and mourn. Thanks for all the warm messages of support so far - it’s been overwhelming!
Crypto: The only sector in the world where you can increase your investment portfolio returns by 20x in a calendar year and still somehow feel like you underperformed!
The biggest problem I have with crypto volatility is that it makes the poor poorer and the rich richer. Why? Because if you are rich, you can hodl your way through bear markets for years but if you’re poor, you need to be able to spend your money and don’t have that luxury.
I’m almost certain we will see a top 25 crypto exchange fail or be shut down in the coming months. This will be the catalyst for the emergence of decentralized exchanges and this is a key theme I’m expecting in 2018.
Fun fact : More wealth will be created in crypto over the next 10 years, than over the prior 10 years... but remember, like any success story, it’s not going to be a straight line up. Keep believing and just be patient...
If you need a break from trading crypto currencies, I highly recommend you engage in some lower risk activities like roulette, craps and blackjack during your downtime.
Just remember, the people buying Bitcoin today don’t love it for the technology, they love it for the promises of the riches it will bring. If those promises are ever broken, they’ll quickly move onto the next big thing...
#humancondition
Bitcoin is a once-in-a-lifetime opportunity for anyone, including those who are otherwise incompetent, to become very wealthy! No skills required - just buy and hold! 😂
As impressive as this Bitcoin “bubble” was, after the ensuing recovery, which could take many months, the next Bitcoin run that breaks past $20k will be majestic...
Exchanges publishing Proof-of-Reserves is just a distraction. We also need Proof-of-Liabilities to go with it.
E.g. I could have proof that I have $1bn in deposits but if I owe depositors $2bn, then that’s meaningless.
Let’s not make the same mistake again.
No market pullback is about to stop the billions of dollars raised by numerous crypto funds in the past 3 months from being deployed into the market in 2022. 💎 🙌🏼
Bitcoin Cash isn’t Bitcoin. Bitcoin is the longest chain from the Genesis block, with the most accumulated proof of work, trading at the highest price (social consensus). Anyone is free to fork & try to meet those conditions, but don’t call it Bitcoin until then. Just my opinion!
Sorry, crypto skeptics, but it's going to take a lot more than a single government's authorities to derail the current crypto mega bull run...
#justsaying
I’ve concluded that if we’re going to have a bubble in crypto, it needs to be 5-10x bigger than what it is today, in order for us to really benefit in the same way the dot com bubble helped with learning. It’s a long way from where we are right now, so buckle up & enjoy the ride!
Bitcoin could disappear tomorrow and most people on the planet wouldn’t notice. That’s how insignificant it is. But...that’s how far we still have to go and that’s how much upside there still is!
I added
#Doge
to my portfolio for the first time ever, a few months ago, and holding it since. My thesis is that if
#Bitcoin
means betting on
@Jack
,
#Dogecoin
means betting on
@Elonmusk
. If you’re smart, you should just bet on both and jump back into your armchair.
Technology bear markets are healthy and separates the tourists from the locals. It’s like when a hurricane hits - the locals stay behind and rebuild stronger and better infrastructure, and when the tourists come back, things just seem a lot more expensive and they don’t know why!
If things get tougher this month and Bitcoin can’t hold the Feb 6 bottom, there is a chance that ETH will rally instead and permanently decouple from BTC, along with other alts. If BTC can’t store value, then the market will probably find another way...
I’m still pretty young but upon reflection I think life is pretty simple:
Be good to as many people as possible. Help as many people as you can. When it’s your time in need, someone will be good to you and someone will help you.
Overheard:
“I’m deleting my Facebook - I don’t want them gathering and selling my personal information!”
“How are you going to stay in touch with your friends and family?”
“No worries! I’ll just use WhatsApp & Instagram!”
Pain is psychological. When you look at your crypto portfolio and the price is down - it’s not real pain. You still have the same number of coins you bought. Real pain is selling those coins for less than what you paid for them.
I’m hearing about and seeing pictures of many CEOs and teams that are splurging ICO money (private jets, drugs and non-stop partying), not coding, shipping products or signing customers. In 2000, VC’s forced companies to cut costs to extend runways. But hey, who needs VC’s...😉😂
I don’t understand why Bitcoin is tanking right now. If you hold any of the $2bn in Tether, wouldn’t you be dumping Tether and buying BTC/BCH/ETH instead? Any theories?
If we break below $8k on Bitcoin, we will then head into panic mode...even though we’re *only* up 800% in a year! Welcome to the world of greed & fear, with market cycles that don’t always go up, ad infinitum...
Looks like
#Bitcoin
is getting ready for another big leg up. Probably overshoots to $85k, before a pullback and consolidation in the 70’s. Alts will soften.
The biggest risk to Bitcoin is actually not the flippening, it’s in fact it’s the potential decoupling of BTC as the primary trading pair for the crypto market.
I get the feeling that the biggest beneficiary of Bitcoin futures will be the alt coins & tokens. Once/if the BTC price stabilizes as a result of the futures, crypto traders will need to look elsewhere for eye-popping yields...
If DOGE gets to around $4, and Bitcoin drops about 40%, Doge would be the
#1
crypto and
@elonmusk
would have made a mockery of the entire crypto industry.
#popcorntime
🍿
Number 1 Rule of Crypto: Promoting any coin in your portfolio other than Bitcoin is considered shilling. But, if you promote Bitcoin, even for personal gain, that’s totally acceptable and not hypocritical at all! 🤦♂️
When the Blockchain tourists finally give up on the “big opportunity”, the rest of us left behind will continue to build out the infrastructure for the next wave. Reminds me of the post 2000 tech collapse...all the non-believers went back to their non-tech jobs.
Let’s look at the bright side: There’s now a whole new generation of millions of people learning about crypto booms, busts and volatility for the very first time. This is a good thing for market stability.
If Bitcoin can break and hold the $9k barrier, it’s probably going to go on a big run to $12,500. I’d turn bullish on BTC, if $9k holds for 24 hours. But, if it doesn’t crack $9k, we’re going down and I’m yelling timber!
For your convenience, I’ve just activated an auto blocking script on my Twitter account. If you want to get blocked, just reply to my tweets with the keywords BCash or BTrash. My twitter feed is reserved for adults who want to have intelligent debates on merit, not children...
Bitcoin did not hit the $28,000 as predicted by
@RonnieMoas
when we made the bet in Vegas in 2018. Ronnie - please post proof of payment of the donation and thanks for being a good sport! Happy New Year! Cc:
@WorldCryptoCon
@joelcomm
If the Bitcoin ETF is approved this week, the bear market will probably end. I think there is <20% chance of the approval happening, but it certainly would be a very bullish signal.
Is it just me or do things seem to be quiet in crypto at the moment? Most unusual. No major crisis or unusual levels of FUD. This can’t last long, so enjoy it!
The company you want to start, is the one that you’ll still be excited to tell people about after you’ve failed, not only if you succeeded. If you don’t think you’ll be equally proud of trying and failing, than just of success, you’re probably starting it for the wrong reasons...
It’s really hard to believe that
@Twitter
is full of spam and scam accounts, as
@elonmusk
suggests.
I need some help accessing my
@MetaMask
,
@Coinbase
,
@phantom
, Bitcoin, Ethereum, Binance and FTX wallets that I may have lost the keys to and there is nobody to help me… 😂
If governments continue to dictate to companies like
$NVDA who they can sell compute and storage to, globally, we will quickly see an acceleration in the scaling of globally distributed crypto platforms.
$SOL (Compute), $RNDR (GPU) & $FIL (Storage) are my 3 top crypto picks.
The reason I believe that crypto has to have real utility & usage to support the price, is because when all the speculation ends, that ensures there is a baseline of demand - be it Bitcoin or any other crypto. I hope my views are understood to be pragmatic, and not negative.
It looks to me that
#Bitcoin
is poised for another leg up, with an overshoot above $15k, but then a retrace and heavy consolidation around $14k for a few weeks at least. I doubt this sub-$12k price holds for much longer and $10k represents strong support right now.
@chamath
Hey
@chamath
- any way you can help make digital signatures with verified identities legal in California for petitions? It would certainly go a long way to accelerate change. Who wants to print, complete, sign and mail in a petition? Friction is just too high right now.
I suspect there are number of crypto exchanges that are currently financing their operations by running fractional reserves and utilizing deposits for paying for operations. Ironically, we still need more transparency in crypto. “Not your keys, not your coins”
This BTC action looks aggressive. Makes me think that we may blow through $10k and test $12k very soon, but $12k is a very heavy resistance level, so I would expect consolidation around the $10k level for some time if $12k is (likely) rejected.
Bitcoin is positioning itself for another big run, if it breaches $17,000 will most likely head up quickly towards $25,000, on extended FOMO. Futures will be the deciding factor, imho.