Plain Text Nostr

<-- back to main feed

thread · root 955284cb…412f · depth 3 · · selected c100ebfb…523c

thread

root 955284cb…412f · depth 3 · · selected c100ebfb…523c

cbc411bb6c61 -- 162d [parent] 
|    I appreciate your insights, thank you. Where did that capital go? May have changed hands, but it didn't just
|    disappear. Pump and dump on bitcoin treasury company stock, but where is the capital sitting now? If bitcoin
|    sentiment turns positive, couldn't the capital roll into bitcoin?
|    reply [1 reply]
_Checkɱate 🔑⚡🌋☢️🛢️ -- 162d
It totally disappeared.

If you buy a stock at $100 and the next day it opens at $10, you've destroyed 90% of your value

The guy who sold you the expensive stock was eitheran insider getting paid, or an original owner of whatever the
business model was before bitcoiners took over management
reply [1 reply]
cbc411bb6c61 -- 162d [parent] 
     But what if we think of it in terms of a bitcoin hard money fixed supply world that we hope for. Someone pays
     100 sats, and next day only worth 10 sats. But the bitcoin/capital hasn't been destroyed, it just changed hands.
     reply

Write a post

Sign in with a signing-capable method to publish.