Is this really you? I hope so!!


$1M bitcoin in days/weeks after the plan is dropped I’m sure! nostr:npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a


Krugmans reputation will not end well.


Good advice


Either Lutnick (best choice) or Bessent would be a win for #Bitcoin. Thoughts?
https://m.primal.net/MCBQ.jpg


Mutton


cc: Peter Schiff


Great story!


UK NGMI


“Personally I’m very skeptical of bitcoin, I know where the price action is. It’s, you know, going up about 10% a day at this point. Although bitcoin could go up to 20,000, it can go to 30,000. It’s on it’s way to zero — somewhere between zero and 200. It’s a utility token for criminals, terrorists, money launderers, tax evaders — they’ll always find some use for it.”

From Economist Jim Rickards on gold versus bitcoin — intrinsic value is meaningless for both but the bitcoin prices aren't real | BitcoinObituaries.com
https://99bitcoins.com/bitcoin-obituaries/2017/economist-jim-rickards-bitcoin-versus-gold-price-manipulation/


Bitcoin price is around $90k today. I think sometime in the 2030s there will be a day when bitcoin moves up $90k in one day.


EXACTLY!


He got me into physical gold and I appreciate him for that, but history likely won’t remember his advocacy for gold.


We need a Defense Secretary MacGregor


History will not remember Peter well.


A great sign


A good sign


That is an amazing perspective I never thought of, even after watching that movie perhaps a dozen times.


Great point


That is the beauty of bitcoin.


It’s been a Banger so far!
#HODL

nostr:note1rduvaxetd83ufruxr8zn9228dvggrgcs55a5fru5g4k59xnmqa6s3r9ljz


#FreeRoss January 20, 2025


Great book with many great lessons.

One lesson that isn’t in the book that ultimately led to his downfall though was “DONT USE LEVERAGE”.


Yuge


Great show!!


Thanks so much for your thoughts. Gold likely up too?


I think Dems just had a bad candidate. Could have won with someone else.


Agree


No


Exactly


The end game is it all ends up on the Fed balance sheet.


He is on the transition team so even if he doesn’t get a cabinet position he will likely have an effect on who gets those posts.


Hashrate going parabolic. Sign of a very healthy market.
#HODL
https://m.primal.net/LnCA.jpg


Sympathy for the Devil-Rolling Stones


The next #bitcoin bull phase start today. Sentiment is low. Hash price is low. Price is low. Labor Day is here. The next 12 months will be a banger.

nostr:note1l232agsy9t6m7tzp6cyg7ufmrx9usda92743x4jdt72qva45chnsc24auh


Bitcoin is taking off, eh?


No. And no one asks if 2 degrees warmer would actually be beneficial to humans and/or most animals, which it may be.


The ECB will be the last CB to buy, when it is the only way out of a Euro collapse.


Yes


Lose your ego. It is the root cause of most of your problems.


Agreed.


IMO it is very unlikely you will be able to predict the tops or support, and you will have less bitcoin in the end than if you had just HODLed.


IMO board members of the most influential public companies are mostly risk averse and they like the risk free 4%+ on dollars.


Please please please don’t sell for a few decades. You will likely be able to retire then on just the one bitcoin. HODL!!


Lose your ego. It is the root cause of most of your suffering.

#NostrOnly
#BitcoinOnly


$MSTR baby.


The price is about the same as it was 3 years ago, but hashrate is up over 300%.  It’s just a matter of time before price follows.

#NostrOnly
#BitcoinOnly
#Uptober
https://m.primal.net/LRpi.jpg


#Uptober starts today maybe?


$58k gang needed a last hurrah.


Chance of a rate cut in November actually went up slightly from yesterday.
https://m.primal.net/LRHc.jpg


Both parties are acting like Thelma and Louise going off a cliff.


#IamSatoshi


Huge


Great follow!

nostr:note1cexwfxgxvtddsa6l79h28zqr2q627n83w9n3e6jnuvj22hrxmg7qasps6m


Thanks Dr Jeff. Appreciate your work as always.


Great episode Dr Jeff. Interestingly, your $450k-ish top call by next Halloween aligns closely with the power law on that day. Do you take the power law predication into account or is that just coincidence?


First month has been pretty good.
#BitcoinOnly
#NostrOnly
#HODL

nostr:note1rduvaxetd83ufruxr8zn9228dvggrgcs55a5fru5g4k59xnmqa6s3r9ljz


Agreed. But even eliminating all that money for war in Ukraine/Israel will barely put a dent the $2T+ deficit. It has to come from SS/Medicare/Defense and Trump has given no indication he will slow growth in those.


No tax on tips
No tax on overtime
No tax on Social Security
All great.

But never a mention on reducing the unsustainable spending/deficit. Where are the spending cuts-we are borrowing $2T+ a year!


Sweet


That climate change is an existential threat.
https://m.primal.net/KzpG.jpg


“Never argue with an idiot. They will drag you down to their level and beat you with experience.” - Mark Twain


Hash price has continued to go exponential (up 500%+) even with the bitcoin price about the same as it was 3 years ago. A very healthy market, and I think price will follow.
#HODL
#BitcoinOnly
#NostrOnly

https://m.primal.net/KyMO.jpg


For tax purposes yes it makes sense, if you have big bitcoin gains and IF you are confident in your fiat cash flow to pay back the loan.


The first rule of bitcoin is, NEVER SELL YOUR BITCOIN.

#HODL


Hasn’t rice been a human staple for 1000s of years? Seems strange that it would have little meaningful nutrition.


Yes, great episode.


Yes


#BitcoinOnly
#NostrOnly


Centuries


Thank you


Patience. Bitcoin’s time will come.  It will probably come when most people have given up on it. Think years, not days or weeks or months.

#HODL
#BitcoinOnly
#NostrOnly


It will do what everyone least expects.


Where has Andreas Antonopolous been?


Yes. Like nostr:npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a

But for some reason no matter how wrong he is, he never seems to suffer any reputations damage. He simply keeps making these ridiculous calls.
https://m.primal.net/KsCD.jpg


Yes. Its shareholders are the large money center banks.


You have become a bitcoin OG when you get excited about a $price decrease so you can increase your ownership of the network.

#BitcoinOnly
#NostrOnly


Japanese


Berlin Wall falling


What are they really exchanging in there?


The Secret Life of Lobsters-Trevor Corson


Buon Viaggo !


If you expand your definition of what God could be, it is a near certainty God exists. I doubt we can comprehend God though.


Nailed it. Bitcoin has a programmed supply to the year 2140. Etheriums supply is dependent on a small number of individuals.  No contest.


Is this like last year when Trump said he would release conclusive evidence of election fraud in Georgia, which never came?


That’s great.  I support this proposal. But where are the proposals to shrink government spending? We borrow $1T every 90 days now, and Trump has offered no plans to shrink defense, Medicare/Medicaid, or SS, the key drivers of the budget deficit.


Atlas Shrugged changed my life, in a good way


And just like that, bitcoin is 10% through the next epoch.

#NostrOnly
#BitcoinOnly
https://m.primal.net/KoJN.jpg


I can see the moon in the distance.


Great follow on Nostr!

nostr:note1jnl5h0jkr6ksrcy3z24gupdmnsmyu3hafm86d48qvjyaek4lnhvspcddyw


No bear market there!


You should set up a lighting wallet. I was trying to zap you!


Is the profit all from Treasury interest?


Nailed it.


Replace your attachment with being right, with the satisfaction of knowing the truth.

#NostrOnly
#BitcoinOnly


Observe the world from other points of view, and empathize.

#NostrOnly
#BitcoinOnly


It will happen when even the most bullish have given up on the idea of it happening.


You know you are a veteran in this space when you appreciate the sellers giving you a buying opportunity.


Fear Greed Index is very low.
Hashprice is very low. Don’t trade but a good time to add to your stack.
#HODL
#BitcoinOnly
#NostrOnly
https://m.primal.net/KgEW.jpg
https://m.primal.net/KgEX.jpg


Face your fears directly and dissolve them. They are illusions.

#NostrOnly
#BitcoinOnly


Exactly. If there were one bitcoin node in a disclosed location, it could be droned and bitcoin would effectively be gone. Same with Nostr/Relays.


Reminds me of the same tired arguments I heard about bitcoin for years. Try not to let it affect you negatively, just continue to do a great job of educating like you have been. Parker will eventually see the light, but sometimes it takes time for some to be purple pilled.


#Patience


Taking timing out of it. DCA automatically      (Daily/Weekly/Monthly, etc)


Live in the now. The past cannot be changed and the future should not be feared, only planned for.

#NostrOnly
#BitcoinOnly


I’ll show you mine, if you show me yours.

#NostrOnly
#BitcoinOnly
https://m.primal.net/KdMQ.jpg


Calling Jerome Powell……


The China mining “ban” is barely noticeable anymore.
https://m.primal.net/KcaZ.jpg


NP. Most are just thankful you are here sharing your wisdom.


BOOM!


Regardless of your hardships, say out loud what you are thankful for every day.


Um, you broke the first rule of fight club.


Where is that?


Thank you.
https://m.primal.net/KbQc.jpg


Nirvana


Lose your ego. It is the root cause of all of your suffering.

#Bitcoinonly
#Nostronly


Yeah!


The people complaining are not the HODLers.


#nostronly
#bitcoinonly


#TimeStamp 8/28/24 Bitcoin price $59k


They will be talking about this book in 100 years.


https://primal.net/e/note1l232agsy9t6m7tzp6cyg7ufmrx9usda92743x4jdt72qva45chnsc24auh

It’s gonna be a banger!


There was a time in America where the best and brightest ascended to the Presidency.


It is truly refreshing being on Nostr.


The next #bitcoin bull phase start today. Sentiment is low. Hash price is low. Price is low. Labor Day is here. The next 12 months will be a banger.

nostr:note1l232agsy9t6m7tzp6cyg7ufmrx9usda92743x4jdt72qva45chnsc24auh


BANGER
https://m.primal.net/HcuW.mp4


#NostrOnly
#BitcoinOnly

GM


Right, but would people use Nostr in large numbers if not accessible via mobile. Not sure.


Welcome


Although governments  will not be able to arrest all the CEOs of Nostr app companies and kill the network, couldn’t they threaten to arrest smart phone companies to not allow Nostr apps, which could effectively kill it?


US Gubmint?


Don’t you know, they pressured Facebook to save democracy.


I recommend the book “The Devils Chessboard” by David Talbot, about ex CIA Director Allen Dulles’ life. When JFK fired Dulles because of the Bay of Pigs, Dulles, who at the time was probably the 2nd most powerful man in the world, next to perhaps Hoover, set up his own parallel CIA in Washington. The cast of characters he was visiting with in the days leading up to the assassination, and mountains of other evidence against him, left me with no doubt Dulles was one of if not the top conspirator.  They got away with it. And today, our CIA is still out of control-they are capable of anything.


So tired of YouTube. I don’t use it much but just deleted it. Will follow on Rumble.


Years !


To save democracy! Lol


Every day. Sam Harris, hands down the best IMO.
https://m.primal.net/KIjw.jpg


That interview was great-thank you!


They know their billionaire donors would head for the hills if they were serious.


Love these updates!


No


The majority of money supply increase since 1925 is not through “printing”. It is through the process of loan creation by banks.


Beautiful


Deleted Twitter a long time ago so yes please!!


nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a Let’s say the economy (GDP) is represented this year by the harvesting of 10 apples, and that is the whole economy. Let’s say that there are $10 total in circulation. In this case, each Apple would be worth about $1.

Let’s say there was some technological advancement and the economy was able to harvest 40 Apples in the next year. Let’s also say there are $20 in circulation in the next year. Now, each Apple is only worth about $0.50 each.

Money in circulation is generally correlated with GDP of course (money created through bank loans and central bank money “printing”, generally goes up with GDP growth) but in theory they are independent of each other.

So we had monetary inflation of 100%, but the general price level DROPPED by 50%.  The actual economy is infinitely more complex of course but I think this explains the general idea.


Welcome to social media with no risk of cancellation.


I think so.


They are coming gradually……


Welcome!!


In other words there can be positive monetary inflation and a general price decline IF the GDP increase is higher than the monetary inflation.


It doesn’t happen often but when GDP growth is greater than “monetary inflation” there is usually a general price DECREASE , right?


Exactly.  The LAG allows Trump to blame Biden, but most of the of inflation under Biden was caused by Fed monetization while Trump was President.

However, monetary inflation does NOT cause general price increases IF growth in GDP is equal to or more than the monetary inflation.


Sending false communication is a crime? I guess Nazir should be prosecuted for his false tweet then.


People should be free to do whatever they want.

“As long as they do not initiate force against another person”

…..Society does not collapse.


#Bitcoin only
#Nostr only


Here here


Jordan.

I traveled to China 6 years ago.  When I told people there I was from Chicago, they all knew who MJ was. Lebron or any BB players-not so much.


All time low hashprice and near all time low in Fear Greed index.
#Bitcoin
https://m.primal.net/JpSj.jpg
https://m.primal.net/JpSk.jpg


It’s been 6 months. Clown show optimism.
https://m.primal.net/JnCo.jpg


I don’t think I’ve thought so perfectly 180 degrees on every issue as much as this fucker.


….and don’t be surprised if your purchasing power grows a hundred fold.


Hahaha


Yes very important, thank you.


He is clueless, but at least will likely get out of the way if elected.


Great interview!


First business day they dump it as an FU to Trump. Sad.


Trump is a useful idiot when it comes to bitcoin.


The only way for the USG to manage this debt is by debasing the currency.

Buy #bitcoin

https://m.primal.net/JhHv.jpg


If Trump becomes President, he will be forced to respect it, eventually. Trump will for sure propose multi trillion$
 budget deficits to finance his spending and tax cuts to try to keep the economy strong.. He is going to find out very quickly that he won’t be able to be financially irresponsible for long, as investors will sell dollars for bitcoin and tank the dollar, causing the inflation he said he was going to solve.


Major disappointment. Did he not hear about RFKJrs speech yesterday? When it comes to bitcoin, I’m glad Trump is no longer attacking it, but he doesn’t know shit about fuck.


He doesn’t understand it all, unlike RKFJr who does, but he sees it as a voting block and at least is no longer attacking bitcoin.


Is the “then they fight you stage” over already? I don’t believe it.


Impossible!


No algorithms and censorship free.


Thank you!


I’m in


Yes


The Bundesbank will be FOMOing in the 2030s when bitcoin is 7 figures a coin.


Great pic and Happy Birthday to Julian!


Hash price has rarely been this low. Within 10% of an ATL. Generally a good indication that the bitcoin price is near a bottom.

#Bitcoin
#HODL
#Patience
https://m.primal.net/JGQB.jpg


Haven’t seen the Fear Greed Index this low since 9/11/23 when bitcoin was in the mid $20ks.

Likely near a bottom.
https://m.primal.net/IwrE.jpg


Have not seen this Fear Greed index this low since 9/11/23, when bitcoin was in the mid $20ks.

#HODL
#Bitcoin

https://m.primal.net/IwrE.jpg


Stay away from Dick Van Dyke though, an American legend.


#NostrOnly


$1.9T with full employment in peacetime.
NGMI


The thing is, in the worst part of the bear market, although they won’t want to admit it, even the best of Hodlers has doubts as to whether bitcoin will recover.


Every bitcoin bear market builds discipline, conviction, and character.


Ctrl + P

Problem solved.


They invade Taiwan once Treasury holdings go to zero.


Sorry, but inflation is commonly defined as a general increase in prices.  See here and many other sources:
https://www.economicshelp.org/macroeconomics/inflation/definition/

What you are talking about is a monetary base increase-that is not inflation.

You can have monetary base increases that can result in lower prices (deflation) stable prices, or higher prices (inflation) depending on the growth in goods and services being higher, the same as, or lower than the monetary base increase.

If there is $1 in circulation and one oranges are produced, and the next year there are $2 in circulation, but 4 oranges are produced, clearly the purchasing power of the $ went up, not down, even with a monetary base increase.


Inflation is increasing prices. You could increase the supply of money, by creating money out of thin air, and still have prices go down (deflation), if productivity gains increased production more than the increase in money supply.  Unfortunately that is rarely the case.


It has come to my attention that this forecast missed by a mile. https://primal.net/e/note1m2j4dkv33e2jax8wpys2r99h3zfqgavfysu8xl3w35xkn59eqadqn2pewd


The Hangover


Hello Sweden, this is the CIA Director……


GL


I think a strong judiciary, that adheres to a Constitution that protects individual rights, is necessary at the federal level. It helps to prevent smaller jurisdictions from passing laws by the majority that would violate individual rights of some within that jurisdiction.


All 3 of these Presidents were elected and then re-elected (FDR 3 times) by the American public. As much as you may not like them for things you prioritize in 2024, the contemporaneous majorities disagree with you, and these 3 were responding to their constituents at the time.


we're dca'ing bitcoin https://block.xyz/documents/bitcoin-blueprint.pdf


My bad, 10% of all bitcoin related gross profit, not total gross profit. Still awesome though!


Back of the envelope numbers: Based on current Gross Profit and Bitcoin price, Block will be soaking up 10% of all new bitcoin produced by miners.

@jack = LEGEND


Beautiful, Lyn.


This is the way.


GOAT


Satoshi said in an email:  “The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more. At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price.”

The bitcoin price today is far below production costs. Probably a good time to stack.


When one sees #Hashprice collapse to all time low levels, it is probably a good time to buy #Bitcoin.

I did. #HODL
https://m.primal.net/ICFz.jpg


Hashprice Armageddon
https://m.primal.net/IBnS.jpg


The government is controlled by forces whose wealth is threatened by a leveling.


Energy companies will have to adapt or die.


J. Edgar Hoover would be proud


The Rich men North of Richmond are at it again.


Hello #Nostr