Damus

Recent Notes

Kent profile picture
There are two groups holding Bitcoin, those view it as risk asset, and those view it as store of value.

When market go down, the first group sell their Bitcoin, hence the correlation. But when the first group sold all their coins and the second group keep buying more due to better price, Bitcoin stop being correlated, and goes up even when market is down.

That's why im the short term, it behaves like a risk asset, but in the long term, like a safe haven asset.

Over time, the second group grows and the first group shrinks. When everyone is converted to the second group, Bitcoin stops correlating with stock market and behave like safe haven asset only.

#bitcoin
caleb · 73w
Been meaning to watch that. Found out from a friend a few weeks ago that season two had come out. How do you say compared to season one?
Kent · 81w
To be fair, I got where I am today by taking lots of shortcuts, not one, not two, but many. It has been critical for me. I guess the real world is just too different from the world I hope it was.
Dr. Jeff · 81w
GM #nostr family. Don’t feed the system that feeds off of you. Positive spin: Help build the system that makes the world better. #ExitFiat #EnterBitcoin #NostrOnly
Kent profile picture
you're the main reason I'm nostr only now, it does feel different, much less angry when browsing nostr.

also, nostr has come a long way, I was here when it started but there wasn't enough content for me to stay , and the UX was bad.

now it's got escape velocity I think, good enough UX, and enough content to make it a real community
3❤️9🤌1🤝1🧡1🫡1
Bitman · 81w
Welcome 🫡
Chris · 81w
same here
JE · 81w
Welcome back
BitLo · 81w
Welcome!