Bought 1000 shares of $STRC after hours at $94 this is just getting stupid. $MSTR #BTC

Incredible how bullish the timeline looked just a few weeks ago. After being in this space for almost 9 years, I still get shook by how quickly things can get nasty.

JUST IN: Strategy $MSTR CEO Phong Le says, "#Bitcoin needs to go down to $8,000 a coin and sit there for five years up until 2032 before we really have a problem." They’ll just keep buying 🔥

Stupidity confirmed.

What skeptics of Strategy miss: Digital Capital ($BTC) outperforms physical capital. Digital Credit ($STRC) outperforms conventional credit. Amplified Bitcoin ($MSTR) outperforms wrapped Bitcoin.

This is the kind of engagement bulls are getting. This is why you don’t get the exceptional entries. This is why we bag hold into the depths of despair. If you are going to win at this game sometimes you have to be a contrarian.

The bull posting is so aggressive I’m truly impressed. They are trying to draw in every last $ they can before it nukes again in a month or so. Even though I engage a lot with bearish accounts my following tab is dominated by the bulls.

Extreme differences in the timeline.

Apparently dropping over 50% in a typically negative year for BTC makes it the most bullish setup we have ever seen. I hope they are right…

ATH this summer…

True to every Harvard alum I’ve ever met. They can’t take a joke and have zero self awareness. I’m on a roll this week 🤣

All your models will be destroyed. Do you really think late buyers in ‘24 between $50k-$70k will not be underwater for a sustained period of time? IMO they will be battle tested and many will capitulate leading to a lower low later this year. BTC never lets us off that lightly.

One day the hype train will come back to $mstr. We might be waiting awhile but when it does it will be glorious.

This is the most divided I have seen the #BTC market since the end of ‘22. People think it’s easy buying the bottom; it isn’t. Back then I remember people taking out 2nd mortgages to short the market. It was that bad. If it feels safe buying here, it probably isn’t a good entry.

I’m old enough to remember when #BTC couldn’t go up in a high interest rate environment.

Probably nothing. $STRC $MSTR

It’s working. $STRC $MSTR

Timeline somehow seems even more bifurcated now than before the Jan dump. Everyone digging their heels in. My base case is bottom is not in. If it is, good, I’ll stop losing fiat everyday.

BEST-EVER TROLL from #ETHDenver is J O H N P A L L Ξ R | pallΞr.Ξth (🦬,🦄)’s SBF toilet paper from 2023. Squares of it hang in my office as a reminder of what that criminal, SBF, cost our industry—he gave DC regulators the (misguided) excuse to kill good actors, including my company. Rot in jail, Sam.