Damus
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OostLog
@OostLog

Portfolio manager (EM debt, rates, FX). De- vs centralisation is the left/right of our age. Bitcoin, markets, life, family etc. Writing into the void

Relays (9)
  • wss://nostr.wine – read & write
  • wss://nos.lol – read & write
  • wss://relay.snort.social – read & write
  • wss://relay.damus.io – read & write
  • wss://premium.primal.net – read & write
  • wss://nostr.oxtr.dev – read & write
  • wss://nostr.mom – read & write
  • wss://eden.nostr.land – read & write
  • wss://offchain.pub – read & write

Recent Notes

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If we get a new market crash, don’t underestimate the probability that Bitcoin responds to liquidity faster than before and just skips the whole initial drawdown thing. Not a certainty but a possibility
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Europe always lands on its feet btw. Gloating about a temporarily complex situation it faces is misunderstanding the continent. These types of challenges are like breathing in and out for it.
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People look down on office work, but I’ve always enjoyed it. As long as you’re in there suffering together with likeminded and energetic people it builds a sort of camaraderie that’s quite special
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Fed balance sheet has been expanding again since December. Given that, we’re likely to be in conditions where bitcoin resumes its path up. Maybe at best interrupted by a brief out-of-pattern March 2020 like shock. But there’s a non zero chance we’re already at the worst of that
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You should take note of the exact people who conclude “BlackRock is collapsing” from a private credit fund with <0.2% of the firm’s AUM gating outflows. They are unlikely to understand anything about anything so are best never again paid attention to. Filtering opps must be used
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Once financial centers that were once seen as a safe haven start being threatened, you might actually see a bid under BTC emerging
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Patiently waiting for all the tradmedia articles highlighting Bitcoin’s relative strength compared to everything else and how we’re going back to 100k. They must be coming any moment now (crickets)
❤️1
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99% of people think of Bitcoin as an investment.

But the real story is that it's off the grid digital money. Wealth that is outside of their system.

I own a property in Europe, knowing full well that if I ever sell it (7 figures), I will not be able to take that money and do what I want with it without talking to 10 compliance people or being treated like a criminal.

I also know that if I don't sell, the government is coming to milk me for the house for eternity (because god forbid you own a house whose value has gone up exponentially due to infinite money printing, you absolute capitalist criminal swine), as well as for whatever I have stashed away in stocks and so on.

Wealth taxes, exit taxes, international taxes, unrealised capital gains taxes and other forms of confiscation await all of us. If you don't understand how that relates to Bitcoin and why you should care about it beyond oh muh god the number went up or muh ETF flows and mah DeFi, then i truly can't help you. You're being played by the system.