BC CRYPTO
Saved by @Alex1Powell

Today a new bitcoiner was born.

How and which information triggered his change of mind?

...... A super small thread. 👇👇👇

 A family member who bought a bit in the end 2017, right in the top and saw its portfolio basically dissolve rather quickly than slowly.

He basically dismissed the idea that bitcoin had value, and believed that every #bitcoin -er was in a cult.

I asked him to give it a chance
Just listen to these two podcasts:

1. Bitcoin is Hope
with @johnkvallis and @michael_saylor

2. Bitcoin in a Deflationary World
with @PrestonPysh and @JeffBooth

And finally read this little article:
"Why the Yuppie Elite Dismiss Bitcoin"
by @Croesus_BTC
As a context, he had an inclination to socialism as he is not from a wealthy family and did his Masters Program in an Ivy League university.. so he is fully indebted.

He gave it a chance, and I wake up to an SMS.

"Ok, I bought bitcoin, wont ever make fun of that again."
I asked him: "What changed your mind?"

He said:
"I am convinced. I must accept that part of me wants to trust that the currently monetary system won't fail. It is not easy to accept that the USD will devaluate to oblivion."

"I loved @PrestonPysh's pod, I will cont. learning"
In summary:

For some people grasping the idea that bitcoin has value, might be easy, but for some other, it could mean tearing down the system of beliefs they've built up while growing up. (Paraphrased from Yuppie Elites)

Stay humble and stack sats :)

Ill leave the links 👇
Bitcoin is Hope.

https://t.co/uJjrrTiErD
Bitcoin and a deflationary world

https://t.co/ILisUi0MPh
Why The Yuppie Elite Dismiss Bitcoin

https://t.co/Pu8EkhdJ1n
I also recommended him before the podcasts
"The Hard Money Film".
by @l33tguy

He thought it was biased in favor of bitcoin.
My mistake was to shared it with him before he had a deeper understanding.

But then it clicked. :)

He said:

"Maybe bitcoin is the solution indeed.
"Hard Money"

https://t.co/bmkdyXl6rZ
I'll take this thread to basically thank every bitcoiner out there, taking the time to share info. It had been a great part of my process:

On the top fo my mind:

@MartyBent and @matt_odell
These guys made podcasting fun for me, and led me to go down the rabbit hole. (RHR🙏)
https://t.co/fha4MGBao2
Aaaaaand.. have to also thank @princey1976
You are a role model, I love that your daughters are part of your podcast doing amazing questions.

This one was fabulous.

https://t.co/uLEUmpw6AU
Note:
Find out they the actual author of the Hard Money film is:
@rjames_BTC

Credit where it’s due.

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CryptoKnowledge
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@mawdudchoudhury
$BTC & $USDT & the criminal cartels that pump the prices of BTC while laundering out real fiat profits through their exchange partners. While tax evasion & general financial malfeasance is problematic enough, one has to wonder what else is occurring with the laundered funds ..1/

Despite the romantic, libertarian view of Bitcoin subverting the oppression of the centralized fiat economy, in reality, the backers were also engaging in drug smuggling, assassination markets & human trafficking. 2/

While some of Bitcoin’s ideology of civil disobedience & the hope of building a shining new economy upon the distributed ledger was exciting for a time, the Bitcoin Civil War side-tracked the project heavily. 3/

Once Dread Pirate Roberts and The Silk Road was closed down, nastier websites emerged, and so too did some of the shadiest venture capitalists in the world — necessitating the split of the Bitcoin protocol away from the BTC economy in 2017. But this requires some context. 4/

Unfortunately, in the era spanning 2014-2016, venture capitalists created media entities such as CoinDesk & Cointelegraph, development groups such as Blockstream & MIT Digital Currency Initiative, exchanges like Coinbase & Bitfinex, 5/
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Emperor\U0001f451
Emperor👑
@EmperorBTC
Go to 1-4 hour chart.

Use the following EMAs.
13,21,50,180.

Look for a period of consolidation and
13>21>50>180.

Wait for a pull back to 13EMA.
If bounce occurs with volume, Enter.

Exit on bearish cross with 21>13.
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Dan Held
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@danheld
1/ [December Bitcoin yield update]

Over the last year and a half, I’ve earned ~1.2BTC with various yield generating services to earn an average of 5% on 30 BTC.

Here’s my journey and how to guide👇

2/ Here are the ways you can earn yield:

Lending (Easiest/most popular)
Yield: 3-6%
- Ledn: https://t.co/4x0YATuQ0v
- BlockFi: https://t.co/90Xtg2cNka

Covered calls (Harder)
Yield: 1-80%
- Deribit: https://t.co/2iQVkXlylP
- LedgerX:

3/ Earning a yield enables you to stack more sats (what I’m doing), or reduce the temptation to sell your coin through earning an income.

The yield you earn comes with RISK!

Below is my current allocation for Dec (will update MoM)

(yellow = changes)

https://t.co/PZwVYs8lFT


4a/ [Nov > Dec Changelog]

- Covered calls: approx. 4 BTC was in $40k 12/28/20 contracts. Those closed without them being exercised (a good outcome for me). However, I was nervous about my January 1/28 $50k contract so I decided to close out my position at a small loss.

4b/ [Nov > Dec Changelog]

- In process of reallocating the 5 BTC (probably will be a lending platform).
- I incorrectly had my Ledn rate at 6.5%, it's 6.25%
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Dr. Liyana Mohtar
Dr. Liyana Mohtar
@LiyanaMohtar
Here's my 2021 Crypto Strategy:

Note: Not a financial advice. It is just my opinion after doing my own research (#DYOR). I'm a complete newbie btw.

1. Dollar-Cost-Averaging (DCA) for these 6 coins (HODL)
- Bitcoin (BTC)
- Ethereum (ETH)
- Polka Dot (DOT)
- Cardano (ADA)
- Binance (BNB)
- Litecoin (LTC)

I choose these 6 bcs they are all TOP 10 Coins, they have the biggest market cap which means less risky than other coins.


DCA means I'm going to topup for all of these coins everytime ada duit lebih/dapat gaji.

But I will only buy when price dip / during correction

How to know when price dipped?

I use TradingView (free version) - guna RMI and Stoch indicator, if it touches the lower line it means it have been oversold - under 4h timeframe (because I'm a long term investor). This is to avoid buying at the top.

For example:

This is Bitcoin on TradingView. Under 4h Timeframe, indicator RMI & Stoch. I'll buy when RMI and Stoch touches the lower line. Boleh nampak lepas buy at dip, the price terus naik.
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Simon DeDeo
Simon DeDeo
@SimonDeDeo
Someone tosses a coin ten times; it comes up heads every time. What's the probability it comes up heads on the next toss? (Pretty darn high—part of @nntaleb's work is unprogramming you from your high-school rules of thumb.) Now consider the (related) Gambler's fallacy...

In this case, it's a theory about compensation: the worse one's luck is, the more likely it is to see a reversal. On the surface, it's irrational. The more bad luck you have, the more you accumulate evidence that the system is rigged.

But there's also an anthropic component. If the luck is bad enough, it starts to become inconsistent with your survival. You've accumulated evidence for correlations in the environment, but these correlations (may be) inconsistent with (people like you) being in this environment.

An example. You're in a city where everyone takes public transport. You encounter a string of bad delays. It's reasonable to conclude they'll end—otherwise people wouldn't take public transport. It's unlikely that you happened to show up right when the network collapses.

Of course, that's a bad heuristic in a casino, which relies on a constant influx of losers. But in other environments, particularly with persistent populations and no evidence for sudden changes in the underlying laws, it makes sense.
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