CaptSpectacular retweeted
The 'future of money' is up 8.4% in a 5-year timeframe.
That's 1.6% a year.
If you had bought T-bills yielding near zero back then, you still compounded at 3.2% because of Fed rate hikes.
Bitcoin is a scam on the financially illiterate.
CaptSpectacular retweeted
inflation up?
perfect, this is exactly why bitcoin was invented! there will only ever be a 21 million coins. hard money - hedge against inflation...ah wait, I forgot we are just a pathetic derivate of nasdaq at this point
CaptSpectacular retweeted
ETH & BTC both look ugly
Think we have lost any control over a potential bullish market returning, this last move from Q3 took so much work only to be erased in days
This will bleed to new cycle lows over the coming months, don't expect much from early 2027
DCA and play GTA
CaptSpectacular retweeted
We've derisked quite a bit. After derisking higher we kept re-adding. That has completely stopped.
This isn't purely an alpha based call. I don't have a good read on the market, we're up a lot into year end and want to crystallize gains, and I'm worried about what's coming.
Short term, crypto may be uninvestable. Democrats are probably going Gensler 2.0. There are plenty of nasty outcomes:
- DATs made illegal and forced to unwind
-Warren Banking Oversight
- Protocols pushing memecoins getting prosecuted
- Privacy tokens treated as hostile
Mid to long term, this is obviously a net good for Bitcoin. Democrats will likely accelerate spending and fiat debasement, and the industry may come out better once it gets "cleaned up."
Expect a tremendous amount of volatility. It will present incredible buying opportunities.
Note: The democrats cannot replace the CFTC chair who has been ruling favorably for stock perps and DeFi generally, so some assets may not be totally evisercated.
CaptSpectacular retweeted
Correlation broke down, and not in a good way.
Nasdaq fully erased its weekend pullback, up +2.3%.
Bitcoin is lagging, down -1.4% from Friday.
CaptSpectacular retweeted
crypto is so fucking cooked that even the people still here wouldn’t recommend it to someone they care about
we used to take insane risks for life-changing returns.. now we’re risking our entire portfolios just to underperform traditional markets while insiders dump on us
ask yourself if you’d tell your friends or family to buy crypto right now
if the answer is no, why the fuck would anyone new come?
CaptSpectacular retweeted
When I was negative or skeptical of Bitcoin more frequently 2-3 years ago, I caught so much heat from the crypto crowd on here.
“Study Bitcoin more!”
“Have fun staying poor!”
“Everyone gets Bitcoin at the price they deserve.”
But fast forward 3 years and I guarantee you none of those Bitcoiners would have ever believed this chart.
They told me Bitcoin would be $500K by now. But here it sits at $74,000.
Definitely a major hit to the credibility of the biggest crypto supporters.
S&P500 is just a much safer and smarter investment vehicle, period.
CaptSpectacular retweeted
Total return over the last 5 years:
Gold: 🟢 +119%
Silver: 🟢 +107%
Bitcoin: 🟢 +12%
Nasdaq: 🟢 +11%
S&P 500: 🟢 +11%
Ethereum: 🔴 -55%
Sandisk (SNDK): 🟢 +2,282%
CaptSpectacular retweeted
Bitcoin hit $69,000 in November 2021. The BLS inflation calculator says that equals $83,644 today.
Bitcoin trades around $74,500, so in real terms it's still about 11% below its 2021 high. Five years later.
The numbers:
• $69,000 in November 2021 equals $83,644 today on the BLS calculator, about 21% more dollars
• Fortune put bitcoin at $74,549 at 7:30 a.m. ET on Monday
• FXStreet described a fifth straight weekly loss
• FXStreet reported about $412 million in net outflows from US spot bitcoin ETFs on Friday
And that's the government's own inflation measure. The price is only half the story. The ruler keeps shrinking too, and every dollar-denominated chart quietly hides it.
A small gain in dollar terms can still be a real loss when the dollar loses buying power. That's the cost of measuring everything in fiat.
CaptSpectacular retweeted
Interesting chart:
Bitcoin has returned only 3% annually over the past 5 years.
Just holding t-bills would have outperformed this.
CaptSpectacular retweeted
I've got a bad feeling aboug this.
Seems like market is going to nuke 20-30% on Monday.
