This must have been the best rally in history. The anthom, the Ave Maria for Corey, the Hallelujah at the end. Elon and Scott Presler... Trump's far from perfect but I've grown to love him a lot. He created all of this.
I'm so invested in this I'm like a woman watching soaps. I wanna get into a gossip group or something.
nostr:nevent1qqsyqk5ccnu3hmacv8vhkavwn9v2hyssj6yf60mwnsx77f4hzzane5spz4mhxue69uhkummnw3ezummcw3ezuer9wchsygpyk3vsp2f0h3zj0n8ewk75z6vgu3zvdexe7djv29vxvlc8wc3lugpsgqqqqqqsnk7e8w
I'm so invested in this I'm like a woman watching soaps. I wanna get into a gossip group or something.
nostr:nevent1qqsyqk5ccnu3hmacv8vhkavwn9v2hyssj6yf60mwnsx77f4hzzane5spz4mhxue69uhkummnw3ezummcw3ezuer9wchsygpyk3vsp2f0h3zj0n8ewk75z6vgu3zvdexe7djv29vxvlc8wc3lugpsgqqqqqqsnk7e8w
Bitcoin's market cap isn't really relevant in the way that stocks are. You can't run a valuation. It's just supply and demand based off everyone's vibes at the time.
So the price is derived from the few Bitcoin that get traded and then multiplied by 20 million.
If only a few Bitcoin are avaliable for sale you can jack the market cap by billions and billions with not a lot of money.
Technically that could be Gold too but the vibes are different with that. It's run through it's phase of price discovery.
My thesis is that money flows to Bitcoin when the global liquidity increases because people seek growth and scarcity and money flows to gold when global liquidity goes down because money gets consolidated in safer/more secure assets.
ATM gold trades on recession / war fears, Bitcoin trades on rate cuts and economic growth.
As a fellow 🐻 I thought they would be worse, but I think this delays fed action which is maybe worse. I will review Beige Book but I suspect there could be demand pulled forward due to strike and Christmas. Real test will be earnings and guidance, but I had said that for last set of earnings.
Q2 earnings had a lot of bearish guidance. Is Nike and Apple the problem or is the market weaker?
And what's the craic with 1/3 of national debt maturing Q1 2025? Does it matter or has Janet Yallen done something good for once?
Personally I'm quite bullish on Bitcoin whatever happens, but idk about stocks.
There will be no inflation. We've (China mostly but globally) over invested in manufacturing and hr is becoming more productive with AI. Asset prices might moon if fed prints (for whatever reason) but I think energy will go lower once tensions cool. Especially if Trump.
I'm happy to wait till after election to start gambling in stonx again.
Unfollow him first nostr:nevent1qqs9lvx6t460zrg274n2xj4plvgqajjz52vdp87yhu57vn2nflrwxjgpremhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet59upzqn20khls47uvqnnvdcpl2y5pkej9wmucteduxj360m33pg0gy868qvzqqqqqqy6js7sc
Sometimes you have the opportunity to pit your values against theirs. Be yourself. Come out on top and prove your values right. Be humble and receptive in failure. Be yourself.
Or soften your values and miss the opportunity.
The estimates follow the trend and they get increasingly bad when you have trend reversals. I just can't stand when like indicators show opposing directions.
Notes by Jose Sammut | export