The word “conversation” was derived from the Latin “conversare,” which means an exchange of ideas and sentiments. Incidentally, the meaning of the Spanish word “con” is “with”.

A poker hand:

.25/.5 in club GG. QThh in CO 180bb eff.

hero open to 2.5bb, fold to BB who 3b to 9bb. hero call

flop (18bb) Js Qd 3d. villain bets 10bb. hero call.

turn (38bb) 9s check check

river 9c check check

hero wins showdown against AKdd

ETFs are buying... Institutions are buying... Who the hell is selling?

2024 brought a mass of commentators looking at ETFs flows, as if that's all that matters. What matters is total demand and supply. Here's a 101 thread on how the modern #Bitcoin market works.

First, let me tell you who is selling. The OGs. They are selling They have more BTC than all the ETFs put together... 10x more. And they sell into every bull market.

We are now in the modern age of BTC. Paper BTC has flooded the market since 2017. Futures markets. If you want to buy BTC, it used to be you had to buy real BTC. You can now buy paper BTC. Thus a no-coiner can sell you that paper. Together you have made a synthetic BTC.

That would-be demand for BTC gets diverted to paper BTC, fulfilled by counter traders who have no BTC to sell, they just have USD to back their bet. In the old days, BTC would go on an exponential run because the only sellers was a trickle from the OGs and an even smaller amount from miners with their newly mined coins. Today the magic of paper BTC is what you want to watch.

The 2022 bear market was dictated by a flood of paper BTC when spot holders didn't really sell. In this current bull, I have marked where paper increased, these were times when price didn't rally. We are in one of these right now.

So... not a great idea to look solely at ETF buying. On-chain data... derivatives data... technical price action... All of these add to the demand and supply picture. Putting it together is an art, not a quantifiable science. Everyone is just making educated guesses.

Any cool fitness communities in the bitcoin world? I'm doing a marathon in hawaii this december. Would be cool to have a bitcoiner running bro/gal.

What's new regarding the future construction of Bitcoin City in El Salvador?🤔

Day 143 of the #100aDayTil100k challenge, sets breakdown: 4x32 normal/narrow; Total: 128 (Day 247 of 100+ pushups per day in total; day 146 of 120+ pushups per day)

100!

I got really obsessed with Japanese wood pencils last night and stayed up until 2am researching pencils and pencil accessories.

I went on a wood pencil bender in college too, trying to find the right pencil for me, but there wasn't nearly the same level of variety.

Dune Quote of the Day

Something I have learned recently: if you subtract all the noise, there are really not many things worth paying attention to.

The hard part is how to trace out the sources or at least getting closer.

Hello! I have a question, are you also paying 11 sats for each comment that has a photo? It's been happening to me since yesterday. If I put 2 photos then there are 21 sats and so on and in the posts too, the more photos the more sats. It is the first time that it happens to me. Did they change anything in SN?

I received this error message:

failed to zap 21 sats: Invalid prisma.$queryRawUnsafe() invocation: Timed out fetching a new connection from the connection pool. More info: http://pris.ly/d/connection-pool (Current connection pool timeout: 10, connection limit: 2)

A 5 soles bill from 1877 (Peru)

Good morning stackers.

Day 141 of 100 push ups till $100k completed.

Two day trip with just the wife in Minneapolis. Super rainy but we’ll find some fun stuff!

And Buy Bitcoin 💪🤠⚡

Chop wood - carry water

Stack Sats - Stay Humble

Am I supposed to care about Juneteenth?

Good morning fellow stackers, hope the weekend was enjoyed and relaxed, a new week has begun, so, set your strategies for the weekly goals, getting things done mood all set as well and let's do this gang, may your week be fruitful, successful and full of love, it's important to get the first day amped otherwise it will take a tad more to get things in motion. We've got this my friend, thank you for being and thank you for existing. You're absolutely amazing and what you do matters, let's get out there and show the week who's boss, as always, be well and stay frosty!!!

Which Team Do You Think Will Win UEFA Euro 2024 ? #576533 ~Stacker_Sports | 3000 sats bounty ⚽ Submit your bet until tuesday June 18

Day 182 of posting mining earnings from the day before: 868 sats on 16Jun2024! Running total: 105,829 sats!

What's the point of freedom if you don't have the freedom to make mistakes? 🤔

Day six of unemployment. Mind you, took the weekend to do weekend stuff (especially on Father's Day), so only day four of doing something about it. My separation agreement keeps our LinkedInLearning access open for another week, so going to see about any useful courses I can get certificates from (as well as continuing to pound the virtual pavement).

The word barratry was first used within Admiralty law and means “misconduct by crew of a ship resulting in its damage”. However, within Common Law it means “litigation for the purpose of harassment or profit”.

If an employee working for a corporation should initiate litigation against you, without a contract, then they have committed barratry, and if said corporation is “for-profit” then the employee has done so for financial gain.

Until the year 1888 barratry was a capital offence, and, although it is still punishable by imprisonment today, fines are usually paid.

GM! Day 39 of my 10000 daily steps challenge. Yesterday I was not able to complete it, though back to the road again early this morning.

Day 46 of posting till next Bitcoin halving

Taking a break from work. Have a sweet time stackers 😊

Day 429 of snailposting everyday 'til BTC hits $100k.

__@_'-'

It’s hard to imagine since I’m so prolific here, but I was anxious before I posted my blog article on my country’s famous personal finance FB page called Seedly. I was afraid of being judged. But I put aside my ego and posted the link anyway.

These two Likes made me feel good as a writer ✍️

Monday snail check?

I got my copy of "Resistance Money" over the weekend. I hope to start reading it soon when I get some time:

The PLAN is to MOVE. Move up, move down, move right, move left, move out, move in. But always move smarter.

how about making your work so great that you don't need to have a hat to be remembered or stand out; enjoy being around when you feel like to instead of being forced to be around every day. 🤔

POW > hat.

Too hot. I'm never happy with the temperature.

previously: #576288 🤠⚡