What do you want me to write about? You pick and I’ll give it an objective treatment. Maybe not a full SWOT but I’ll at least cover Pros and Cons.
Do you have questions? Ask me anything in comments. If it deserves a separate post I’ll do that.
It doesn’t have to be crypto but that’s my wheelhouse. You may not know this but I covered stocks and a bit of tech on iBC before I went full Bitcoin years ago. I also do quite a bit of TA. I stopped doing TA on Crypto as I can’t TA a coin if I feel the fundamentals are broken. It’s like putting lipstick on a pig.
So, give me something to work with.
My portfolio is sideways past couple weeks as I’m still irresponsibly allocated in BSV. I’m 70% confident BSV decouples from the crypto market in extreme bullish fashion in 2020 but in meantime won’t be shocked by a market wide swoon. $130 is still important level to watch which I noted weeks ago.
I am flying to Asia late tomorrow to vacation with a group of friends on a tropical island for a couple months. You know, typical Bitcoiner stuff. But don’t hate me too much, it’s a hellish 23 hours of flights and 11 timezones to reach my final destination. I am going to nearly the exact opposite side of the planet from where I am now so forgive any delays next couple of days.
When you hear the term Smart Money what comes to mind? For many, it’s institutional investors with privileged information pulling the strings on market movements. Smart Money consists of the insiders, the mythical perfect traders, that group of people that is always two steps ahead of the average Joe and one step ahead of you.
When I talk about Smart Money that’s not what I’m talking about.
When I talk about Smart Money I’m talking about Bitcoin. No, I’m not saying that Bitcoin is a group of people that is smarter than you. I’m saying that Bitcoin IS Smart Money.
What does that mean?
Human civilization has gone from a barter system to trading seashells, shiny rocks, tulip bulbs, precious metals and now, pieces of paper as money.
Future generations will look back at this time and think trading pieces of paper in exchange for goods is as silly as our ancestors trading seashells.
Our money today is dumb. Really dumb. The Pentagon lost over $1 trillion because they couldn’t keep track of where it went. Enron happens because the money is so dumb no one can verify if audited financials are reliable. Madoff was successful for so long because his clients had to rely on his fabricated statements about their investments. Financial crises in 2009 happen because Lehman and AIG can play fast and loose with financial regulations when using dumb money. Hurricane Maria funds for Puerto Rico were mostly squandered because local government had a windfall of relief money and little oversight. Terrorism happens because any organization can be funded anonymously with a few palettes of paper shipped across borders.
These events caused by the abuse of dumb money impact billions of people. Those who control money with little oversight act with impunity causing massive losses for the public, and they often get away with it.
What doesn’t get measured doesn’t get managed.
The US government prints dumb money every day to cover a multitude of poor decisions. There is no limit. They just print it. PRESTO! More money. An Econ 101 student understands Supply and Demand, so how dumb is that?!?
Every fraction of a Bitcoin that has and ever will come into existence is publicly verifiable. I can buy a coffee with Bitcoin with more privacy than if I use a credit card but I can’t transact in Bitcoin illegally with anonymity. This is very important to understand. Bitcoin is private, but not anonymous. Bitcoin is Smart Money.
So what is Smart Money? Bitcoin is programmable. Here’s a basic example in money terms. When you dine at a restaurant you are presented with a check to pay. That check has a breakdown of your meal plus taxes and usually an optional tip. With our current dumb money this puts a burden on the owner to account for taxes, tips etc. Small business owners spend thousands to be compliant with taxes. With Bitcoin your check can be a Bitcoin invoice where taxes (sales tax, municipal, alcohol tax etc) are their own Bitcoin payments separate from food and tips. Send your Bitcoin transaction and every tax, tip and payment gets paid instantly to the final destination. This relieves a huge burden for the owners and governments. This changes the game. Dumb money can’t do this.
Here’s another example. Many countries have lax or difficult to enforce clean air laws. Why spend money to ensure your car runs cleanly if you can externalize the costs to the environment and other humans? Why would chemical plants handle chemicals cleanly if they can dump it in the river? With programmable money clean behavior can be incentivized. Smart contracts on Bitcoin can meter and enforce compliance and/or fees. Dumb money can’t do this.
Many of the ills in society are because individuals or corporations can externalize costs with very little risk. Banks are routinely fined for different reasons yet they continue the unlawful behavior because in the long run dumb money covers their tracks enough times the occasional fine is not a deterrent. Bitcoin, as a distributed ledger, can keep all transactions in compliance. Dumb money can’t do this.
This works because every fraction of a Bitcoin can be instantly verified anytime. There is no “fake” Bitcoin and there is no way to move a Bitcoin that doesn’t leave a public record. Bitcoin is private, but not anonymous. Bitcoin is a global ledger.
Now imagine Bitcoin everywhere. Gas station, groceries, international shipping and trade. Smart Money that is programmable and instant. Tax relief that is immediate and automatic. Accountability that is public and global. The opportunity to commit fraud disappears. Honest Money means Honest Government. Smart Money means Smart(er) Government. Who doesn’t want to live in a country where the Government is just as accountable as the tax payers?
This is what mass adoption looks like as a world currency. Now, which coins fit this criteria? Scalable, honest, on chain.
Once you understand this capability and the impact you can see this system is inevitable. I can’t say exactly how this will look, and realistically this may take a decade or more, but there’s no going back.
Governments will love Bitcoin because it enables immediate and honest tax collection. Citizens will love Bitcoin because their governments will also be subject to immediate and honest reconciliation of tax spending. No more secret funding or government waste. Now, imagine that! This can change humanity.
A global ledger of value (and information) transfer is the next (r)evolution of human transactions.
Let’s take a look at some data about BTC and BSV. I have no doubt my new favorite commenters will counter this info with their own charts. Let the games begin.
BSV can do everything BTC can do and more yet it’s 825 times more expensive to transact on BTC. This is why products like Twetch are being created. Less than a penny fees are necessary for microtransactions. With BTC fees between 30 cents and a dollar it’s cheaper to use a credit card in most cases. BTC brings no unique utility as peer to peer cash. So the narrative shifts to Store of Value, but with near zero utility! Also a laughable premise. BTC fails when objectively compared to BSV. It’s been consistently cheaper to transact on BSV by 100x or more since the beginning.
BSV is in red and BTC is in yellow. BTC capped at 1MB so nearly a flatline in transactions. Daily transactions increasing over time with peaks during stress tests above BTC. You’ll notice BTC is practically a flatline. When there is a spike in BTC transactions fees skyrocket as people compete to put their transactions towards the front of the line. It’s like yelling fire in a crowded theater. Some people are going to get burned having to wait hours or pay higher fees. BTC is digging it’s own hole. The 1MB blocksize limit is a cap on transactions per block. BSV will be passing BTC in transactions by 2020.
Blocksize chart, again BSV in red. This is an exponential chart so that spike at the beginning is a 10x difference. Again, BTC is limited to 1MB blocks. BSV has mined blocks over 200MB and is scaling towards 2GB and then unlimited. It would take BTC ~33 hours to mine the 200MB of transactions BSV mined in ~10 minutes.
Scaling is the only way Bitcoin can work for the world. It’s an inconvenient truth for BTC their scaling plans are garbage and the Core devs have no real interest in scaling because it threatens their Blockstream products. Note the name of the Blockstream whitepaper: https://www.blockstream.com/sidechains.pdf SIDECHAINS. Blockstream, which controls BTC, has no interest in BTC utility improving as it damages their potential revenue from Blockstream products.
Here’s the Blockstream CEO suggesting those who want to use Bitcoin open a tab instead. LMAO you can’t make this shit up.
So the layman may ask, with all of this why does BTC trade for $10,000. Good question.
Name branding is a powerful thing. During all these forks the name “Bitcoin” followed the coin with the highest price. There’s been years of pure shit to deal with in the battle for the Bitcoin name ever since. Few can understand the technical differences between coins. This is why I post to iBC, to blow up the bullshit about BTC having anything to do with Bitcoin. The campaign to discredit anyone who threatens BTC has been going for years. It’s a lesson in social media manipulation. BTC trolls are loud and numerous. Looks like we may have a few of them on iBC now. Hi guys! =)
Here’s a Daily BSVBTC chart. Yes, BSV is 1.3% the price of BTC. Incredible stuff given the charts above. This is the opportunity I’ve been pointing to for nearly a year. BSV works and is cheap AF. Do you know when the opportunity of a lifetime is no longer an opportunity of a lifetime? When the masses start to see what you see. You have to be willing to put yourself out there. I’ve done my homework and you know where I stand.
While I don’t put much faith in short term charts in this market I will point out that the judge’s unflattering statements about Craig Wright had very little impact on BSV price. BSV is not Craig Wright and vice versa. He is influential yes and a major whale holder but the technology matters more. Very bad news for Craig Wright doesn’t mean bad news for BSV. Let the haters hate.
Ichimoku cloud shows a positive TK crossover below cloud while cloud is narrowing. Still a bearish trend but pointing towards a possible reversal. A TK crossover failed recently in late June. All in all, I think all coins stumble into January 2020.
I don’t put much faith in TA for coins at the moment. There is so much FUD and misallocation of capital in coins it’s silly to point to a single chart and draw any conclusions. I think for now fundamentals matter more than anything. We are in that phase of the market where the hype has died and people start to look everything rationally. However, I’ve covered some fundamentals and snapshot of TA for your iBC pleasures.
I posted the tweet below in late 2017 when exuberance was ramping daily.
In the game of investing rock paper scissors: 1) exuberance beats fundamentals 2) fundamentals beat TA 3) TA beats exuberance.
Given I posted this chart at the peak of BTC I think you could say I have an idea of how this market works.
$BTC double topped near it's 4.618 trend fib going back to ~$750. This can be a difficult fib to break / turning point in a single trend. If BTC breaks higher it's starting a new trend IMHO. pic.twitter.com/BMINN6KhxA
With that said, yes BSV is only 1.3% the price of BTC. It’s incredible given the functionality of the two coins, their current capabilities and the roadmaps. This is an opportunity. Even if you own BTC you could trade 1.3% of your BTC to have a 1:1 hedge. You’re crazy not to do that.
You can take my posts as the rantings of a BSV fanatic. Maybe. I do my best to eliminate bias and I reset and reevaluate often. Every time I come back to BSV. It’s BSV or bust.
This is another BSV focused Op-Ed. Please direct all complaints to flybroker AT gmail dot com
Today I have been introduced to yet another peak at the future running exclusively on BSV. It’s called baemail and it’s a BSV web email client that inscribes emails on the BSV blockchain for a fee.
I’m not going to describe the screenshot, should be self explanatory. A few years ago a company called 21co attempted a similar project and was blessed immediately with a huge valuation. Their promise was to protect your email inbox from spam by requiring others to pay small fees to email you. Less than a year later they completely changed their business plan to be earn.com and sold their user’s emails database to the highest bidder (That last part may not be true, just my assumption based on their about face and money problems). But I digress.
What do I think of baemail? I think it’s basic. Has no chance of massive adoption. Likely to fail. That’s not what’s important here. Follow along.
Another interesting project: weiblock.app This is the Chinese clone of twetch.app. Basically a Twitter clone where every action is a microtransaction on BSV. A BSV powered social media platform focused on Chinese market is pretty huge. In all likelihood it will fail but the lessons here are important.
You have to have perspective. These are exciting times.
Over time the more of these projects the better. Iterations are key. Look at how many dotcoms failed. Most of them.
The dotcoms that succeeded have made the Internet the behemoth that it is today.
BSV is the future. Weiblock, Twetch, Paymail, Moneybutton etc are all in the infancy stage of the next generation Internet.
It’s called MetaNet and within a few years businesses will be adapting to run on top of MetaNet. MetaNet runs on top of BSV.
Looks like my last post got someone’s attention. Here’s their lengthy reply:
I’ve followed Coinspeak since his/her first post here, thankful that Based Fly conscripted a crypto writer. Although I rarely agreed with the posts, I continued to read with an open mind to survey the BCH thesis (as I held a large amount of coins prior to the hard fork and did not have a clear plan on what to do with my BCH and now BSV). So, I was intrigued when I saw the about-face to BSV, an admittedly unpopular choice. I became a bit more incensed over the last two posts as I felt they read more like a white-paper/marketing shill than well-reasoned analysis. For instance, poaching the “Bitcoin (the program, not a specific chain) is the future”/Austrian hard money narrative from videos and then asserting later in the post that while the cited authors/presenters didn’t mention BSV by name, if they really thought about which chain is best and most likely to succeed, they would undoubtedly choose BSV. So now, I feel compelled to retort.
To anyone waiting for OP to defend this increasingly implausible thesis: prepare yourselves for a feat of tinfoil hat mental gymnastics, the likes of which have only been parodied with the image adorning the Bitcoin Economy part 2 post.
For a network and asset class that’s built to eliminate the need for trust, the BSV thesis at this point requires a hell of a lot of it. Namely, to trust BSV bagholders that the following is true, despite a consensus of evidence and opinion; (I remind you that consensus is a more relevant governing standard than “truth” in these matters)
1-CSW is still somehow Satoshi. For those that don’t know, CSW got BTFO in courts both of the legal variety and of public opinion. (for the record, I do think that Peter Mc., an opposing party in one of CSW’s ongoing suits, is insufferable and has become the “reality TV star” of crypto; lacking in skill, insight, and prizing his own promotion above all else.) The only talking point CSW defenders have left is that the Kleinman estate will have a large tax bill upon receipt of CSW’s purloined bitcoin. Even if his claims were true, CSW was bested and locked out by his own creation, unable to sign any transaction with consensus-recognized Satoshi holdings, which any competent user must know how to do—a far cry from his crafted brilliant inventor image espoused by his underlings and this blogger. Imagine the inventor of the first thought-powered car unable to prove it worked because he locked the keys inside.
One must pause here at the cartoonish nature of his defense; blatant blog back-date forgeries, recanted statements, demonstrably false transactions, and not a shred of proof that he was doing anything other than attempting to hack kitchen appliances whilst detailing a list of what classical music and romantic authors he happened to be Wikipedia-ing at the time (I invite readers to scan the above post and note the striking similarity in the “here’s a list of important sounding things I’ve seen other people talk about, but I can’t bother to synthesize them into prose/coherency”).
Only ideologues will deny CSW is an intelligent and capable programmer, but the open source world is full of anons with similar and greater skills. Not only is there a legal record of the repudiation of his claim to be Satoshi, but a paucity of peer validations other than anyone currently standing to benefit from his ordainment as Satoshi. Again, the peer-to-peer issue looms large here. Bitcoin and most similar cryptocurrencies are valuable because they can codify consensus amongst an adversarial community. CSW’s appeal to consensus has been rejected by the majority of Bitcoiners. The community has spoken and the value of his token, BSV will reflect its speech.
2-BSV will eventually succeed in developing a competitive product. Currently, the largest user of the BSV blockchain is a d-app that records the weather each day. I’m not kidding, most daily transactions on the BSV blockchain are just this automated weather log. BSV’s mining community is very incestuous with its small team of promoters, which keeps large agnostic miners uninterested, at a certain scale, mining pools would rather security and longevity over the possibility of manipulation (my assertion). Even commentators on this blog have been unable to properly install and use the few d-apps that are basically promising to be the knock-off versions of Twitch, Cashapp, Venmo, Twitter, YouTube, and whatever else might entice dupes to believe that BSV will one day be the gold standard of information technology.
There’s a reason that first-mover advantages are rarely overcome in the information space- the chicken and egg problem. Developers won’t waste time making a better version of YouTube for free and from the ground-up because Google’s got the resources to incentivize them to improve the existent YouTube, with its existing codebase. It’s almost impossible to unseat a large digital ecosystem, much less all of them at once like the BSV project aims to do. Betting on Flippenings has about the same track record, especially on Bitcoin chains. Factor in the existing resources and sentiment of most developers regarding the BSV community and you’ll see why all BSV hype must promise the same utopian future state; where CSW is recognized as the true Satoshi and all his dreams will become reality. I don’t know why someone would choose to save wealth in BSV over BTC with the existing features and the overhang of being piloted by such a goon.
Firstly, I’ll agree with the conclusion of this comment in that I have tunnel vision on BSV. Not just my last 2 posts, but probably more like my last 20. Fly doesn’t tell me what to write. In fact, I’ve only spoken to him twice and maybe a dozen emails tops. So, no editorial oversight. Constructive criticism noted though. I will endeavor to maintain a more balanced analysis. With that said, I am sharing my opinion and my opinion is that it’s BSV or bust.
Now, to get into a few other things I’d like respond to in this comment.
I may, time permitting, write a post about Kleiman v Wright. But basically Wright is being sued for 500k Bitcoins by his dead friend’s brother, Ira Kleiman. The entire case HINGES on CSW being Satoshi. CSW has definitely been his own worst enemy in the courtroom nearly getting charged with contempt by the judge but there is still a long way to go in the case. Here’s a recent writeup of the hearings this week savaging Craig Wright. Even if Craig Wright loses 500k Bitcoins by losing the court case….as I said on Twitter earlier:
There is a long road ahead.
However, CSW was never going to be able to get full value for all his BTC. Whatever he does get will be a lot.
The fact this turns from a long game to maximize profit to a short game to be first to dump isn't good for BTC.
He’s in elite company worldwide with the number and difficulty of the exams he’s passed. He’s not only a double PhD with multiple Masters degrees he’s a world class security expert. Do you think if he really wanted to fake documents he’d fail at it?
Further, to speak about CSW’s qualifications to be Satoshi, read his blog. No one understands Bitcoin and it’s origins like the creator. For example, one of the easier to understand posts is Zeno’s Paradox yet NO ONE figured that out before he shared it.
The above is why I provided a laundry list of technologies and things to research in my previous post. Each of those areas is it’s own specialty. They have all been baked into Bitcoin. I am not qualified nor interested in providing a detailed explanation on the intricacies but I can say after years of research I understand them well enough to begin to see how they apply in Bitcoin, and I’m blown away by it. Most “OG” Bitcoiners don’t see this at all.
The drama and intrigue in Bitcoin is beyond Tom Clancy level. The attacks on CSW have been relentless. Notice who does the attacking, bloggers like Peter McCormack. While BSV may have it’s own SJW I think if you honestly look at the players you’d see the teams are stacked for BSV. BSV is in the minority for sure but quality counts. Much like the “Raspberry Pi nodes matter” fallacy, a majority Twitter army means nothing when faced with entrepreneurs building new applications (and let’s not forget CSW’s has nearly 1,000 patents). Twitter consensus means very little in the real world.
Here’s another resource to read. Dr Wright says he knows the author but has not read it. I just ordered it and have not started reading but early reviews from friends say it’s good. The Art of Bitcoin: Satoshi’s Vision. Ignore the Amazon reviews, like most things BSV the BTC social media trolls are out to discredit BSV including Amazon reviews.
Turning to your second point regarding adoption, yes, currently WeatherSV is the majority of BSV transactions. Here’s a screenshot of Bitcoinblocks.live
Notice a few of those blocks are larger than the cap on BTC at 1MB. This should be of great interest to anyone in Bitcoin. Scaling matters. While a weather app is currently producing the most transactions it’s useful data that someone is PAYING for. What is happening on BTC?
Right, nothing. No scaling, no development, no adoption, no future.
On adoption, beating a YouTube isn’t easy but Bitcoin is a Red Queen game. When everything is based on incentives rather than advertising we may see YouTube displaced or YouTube may adopt Bitcoin. Either way, these are early times as I’ve stressed many times. You must be able to imagine where this is headed and keep updating your hypothesis. Broad strokes, BSV has the POTENTIAL that BTC does not.
On that note, Twetch, the popular BSV Twitter clone, just got cloned….by the Chinese. THE FUCKING CHINESE CLONED A BSV SOCIAL MEDIA APP. Chinese people love Social Media and are hugely influential in Bitcoin markets. This should be it’s own post, but I doubt I’ll write about it. Potential: HUGE. And if it fails it’s still another baby step forward for BSV.
Is that happening on BTC? Nope.
Adoption matters and those who spend money to start new businesses are starting them on BSV because they see BSV has a shot at lasting.
I’d really like to see someone respond with what’s happening on BTC. Please. From what I’ve seen, the utility is null and the scaling is a joke.
Bitcoin is a genie that can’t be put back in the bottle. I can only point to the tip of an iceberg in a blog but this summary is the result of years of research on my part.
Things to research if you want to begin to understand Bitcoin:
Byzantine General’s Problem – how Bitcon settles transactions nearly instantly
Triple entry accounting – I know what you see is what I see
Blockchain – Chain of digital signatures, verifying the ledger block by block
Game Theory – Balance of disparate factors coming together to balance the system
Small world network – No node in Bitcoin is more than 1.3 hops away
Proof of Work – Each Bitcoin is minted as a result of verifiable work performed. No forgery, just competition.
Particle Swarm Optimization – Solve difficult problems inside Bitcoin
Cellular Automaton – Simple rules for complex calculations
Mandala Network – Bitcoin is a dense network
Neural Network – Bitcoin is a brain
SEIR(S) – How diseases propagate. Also relevant to how Bitcoin propagates transactions
Total Turing Machine – Any answer calculable by a Turing machine is calculable by any Turing complete system, like Bitcoin
Wang B Machine – similar to Turing machine
You may notice several of these technologies mirror biological processes. Hmmmm….
All of the above, and more, exist in Bitcoin. This is genius level design.
We are starting to see a flood of new use cases and apps built on top of Bitcoin. It’s very important to get what I’m saying here, the current development of apps on BSV will lead to an explosion of powerful use cases in the near future.
Craig Wright (Satoshi Nakamoto) implemented the above tech (and more) in a unique way with Bitcoin and holds hundreds of patents. I believe Dr Wright will be recognized as a genius for this work within a decade. This will be a reversal of current sentiment as many have painted Dr Wright negatively to further their own goals. This will all resolve itself soon. Dr Wright is an incredibly patient man.
I spent many hours researching everything in the video below. It’s mind boggling. If you want to understand Bitcoin it will take a lot of work, I am still learning every day. Bitcoin is world changing technology.
(start at 11 min mark)
Bitcoin will usher in a new revolution. Bitcoin will be bigger than the Internet.
Bitcoin will be the single global repository for all data that has value. I know that sounds impossible but that’s the goal. This is unconventional thinking in 2019 but will be taken for granted in near future.
All of the technologies above will be combined so that anyone, anywhere can transact value peer to peer. Bitcoin is honest money which will bring accountability to every area of life. Honest money creates an honest economy. Imagine an economy run on a single ledger where everyone is accountable. Governments will be forced to be efficient. Corporations will be honest or perish. Goodbye Dutch Irish companies where Joe Sixpack pays more in taxes than Apple. This a decade away, but it’s coming.
The recent Facebook hearings in congress were bullish for BSV. The legislators see the danger in a centralized currency run by a cabal of tech companies. BSV is designed to operate within current legal frameworks. Legal compliance is baked into Bitcoin from the start.
Governments will be regulating coins soon. Most coins won’t survive, and what doesn’t survive regulation will be swallowed by Bitcoin.
BSV is gathering critical mass. 2020 will be the year it takes off. These are early stage projects built exclusively on BSV. Imagine them with a bit more time to mature. The future is going to be amazing.
These projects can only be built on Bitcoin as originally designed. No other coin has an ecosystem like BSV. Now, consider most of those projects are less than a year old and were bootstrapped from small teams. Imagine when large scale development begins in earnest on BSV.
Bitcoin is a genius invention that will change the world. Bitcoin is more than money. We are still so early that the picture is not clear yet but watch the next 1-2 years. The 20+ years of hard work on Bitcoin is about to pay off.
Mon Aug 19, 2019 4:50pm ESTComments Off on Macro Guy Groks Bitcoin
Last night I watched a RealVision video about Bitcoin. In a moment I will tell you why this video is important.
RealVision focuses on Macro market views. Despite their slight gold bias most of their content is well supported in terms of data and balanced opinion.
This is the RealVision interview on Bitcoin.
Here is why this is an important video:
This macro gold guy sees Bitcoin at Trillion plus valuations
Calls Bitcoin a “truth security machine”
Recognizes Bitcoin as an invention and a system to benefit mankind, not a silly digital token
Sees the genius of it’s design. The multi disciplinary mastery involved.
Sees the breakthrough of solving Byzantine General’s Problem. Says it’s not properly valued.
While ETH and a few coins are mentioned, the majority of his thesis works only on BSV
People outside Bitcoin are starting to see what’s coming. He’s starting to get it. He further states it’s irresponsible to not have a 1-2% of your portfolio in Bitcoin.
He presents the Macro story of Bitcoin very well and it’s a story that aligns with BSV only. Legal, scalable, professional, honest.
This is the first video I’ve seen from someone outside Crypto who gets the potential and can talk about it in intelligent terms. Draper, Novogratz etc don’t lay out the details as well. I don’t think they get it to be honest. This guy is different. He hints at the particulars. He’s in the process of groking Bitcoin.
For me, this confirms that guys at this level are prepping for what they see as Macro changes. They are going to be increasing their positions as it becomes clearer to them Bitcoin is here to stay. To be clear, this is not me saying “the institutions are coming”. That’s a meme propagated by fools. An ETF is not going to save Bitcoin. What I’m saying is smart macro guys are seeing that Bitcoin has survived it’s blow off top. It’s not going to die. There is a whole world being built on Bitcoin and it’s dumb to ignore it. Now is the time to be serious about this breakthrough. Now the real adoption begins.
The market cycle is at play. This is where Macro guys live. They look for this type of play. This chart is their bread and butter and RealVision is posting videos saying the time is now.
Further, while he didn’t mention BSV specifically, if he’s doing this level of homework and ignoring the drama he’ll naturally discover why BSV is Bitcoin.
?????? – no kidding. I can’t name one. BTC’s only use case is speculation as far as I can tell.
70:1 ratio. I see a grand opportunity here for BSV. Remember, I said buy BSV at $130 and below in Buy The Blood.
And then we have the topic that has distracted the market for years. Who is Satoshi Nakamoto? The truth is coming out. Bitcoin was not designed for dark markets or money laundering. Bitcoin is designed to be legal and poised to be THE world currency.