robustus-1

I think what annoys me the most about short term traders, especially re Bitcoin, is that the asset is really interesting on a long term fundamentals basis, but traders choose to think about really dumb & boring stuff 98% of the time: lines on charts, short term reactions, etc.

Very annoying how tradfi/media talking heads confidently talk about "stablecoin"

They made the word singular cuz they're totally ignorant about the sector. Can't differentiate one stablecoin from another; just one amorphous blob to them

They did this with "blockchain" 10yrs ago

JP Morgan got paid $20mm to bring $CRCL to market at $31 nine days ago.

Now this:

Someone forgot to tell $CRCL there's a new war on

Was ETH on the IDF's target list?

Dumping BTC in response to middle east news is still one of the dumbest things traders do. And traders are pretty dumb.

So Circle is trading at >4x the IPO price 2 trading days after list, in an otherwise flat market

So bankers still have *no idea* about the crypto world, how to price stuff, how to think about demand, etc

If Circle shareholders weren't getting so rich anyway, they'd be pissed ;)

Is Elon the CEO of Ethereum too?

During the campaign:

- Vivek was talking about firing 50% of fed workers

- Elon was talking about $1T+ in cuts

None of that is even remotely happening. Not surprising Trump admin failed/chickened-out, but it's disappointing. Was a unique opportunity.

Time for plan B(itcoin).

Stock sites don't show company logos next to price quotes, but crypto sites almost always show the project logos everywhere.

Does it make sense to treat them differently?

Bitcoin price, and ROI since, for every previous Pizza Day:

Maybe bitcoin is the new 'bond vigilantes'

Let's just reflect, for a moment, on how much all the bitcoin haters must despise days like today...

I think at some point exchanges will just start listing an additional "SATS" instrument. Ratio of BTC to SATS 1:100,000,000.

For reference, NYSE lists both BRK.A and BRK.B. Same asset (ex some voting rights stuff); ratio of A:B is 1:1500.

Plenty of precedent.

BTW, if you're mad at Coinbase for the data leak, fine, but you should be 10x madder at the government for requiring that businesses like Coinbase collect and store your personal information in the first place.

Right now, $HYPE FDV is 26% of $SOL FDV. That is:

"Gold has had such an incredible, historic run over the past year, it must be beating BTC by a lot right, right?"

Nope. Over every multi-year timeframe to today, Bitcoin is beating gold, by a lot.

Btw, if the eth:btc ratio ratio had stayed the same since The Merge, ETH would be trading at $7904 right now ¯\_(ツ)_/¯

BTC doesn't know if it's gold or nasdaq today.

Should just pick whichever one is going up ;)

If I were a young analyst looking to make a name for myself, I'd do a report titled "Value Investing in Crypto" & find a bunch of low "PE" projects, compare cash flows, bal sheets, durability, moats, etc. Frame it in tradfi val investing language, & pdf it like a JP Morgan report