#Bitcoin Feb 2023

Great chart! For those wondering what this is telling us - it's essentially saying that IPOs with higher P/S ratios tend to pop on the first day, but over the next three years tend to have poor returns. Simplified Explanation: You can look at the vertical lines as timelines - with the circle being the starting point, and the square being the end point. You'll see that for P/S < 5x, the circle to square moves UPWARD. And for the P/S > 40x, the circle to square. (of course, they aren't actual timelines, but the spread that visualizes the starting point return and the 3year return)

$SPCX: Low float, and upcoming Index inclusion may lead to an upside squeeze. It may take on a life of it's own after that, or fizzle out. Rooting for the former, for the vibes. But happy to watch from the sidelines (for now)

chat, is this bullish?

Coatue's Thomas Laffont on a "Power Law Paradox": a business valued between $100B and $1T (a "Centacorn") has a higher statistical likelihood (31%) of multiplying its value by 10x compared to smaller, earlier-stage unicorns (8%).

Concur

Agree, the inverse head and shoulders measured move already played out, so at least a retest of the neckline. By the way, your tip on using the new mango dashboard to find trending coins against BTC yesterday was awesome, very small list and easy to spot the out-performers. Cheers

Bitcoin 2026… something’s quietly building here.👀

$ZEC setup has aged incredibly well... Where the haters now? Trend trades reward patience

$SUI popped hard — unfortunately I missed the trade cause I kept pushing the buy to “later today.” Yet another reminder that execution is the final boss. Mango Dashboard has been screaming at us to take the long for the past 5 days…

Always a bullmarket somewhere... Just gotta be vigilant and patient $QTUM

Sound like a broken record when I harp on about this, but win-rate truly doesn't matter. If you let it get to you you will despise this game. In fact, lower win rate strategies are psychologically more rewarding in the long run.

It doesn't matter if you're right, if you DON'T make money. And it doesn't matter if you're wrong, if you DO make money. At around $62,000 Bitcoin, I made my first big scale-in, and then increased pace steadily (see attached SS to the community, forgive typos tho!). Sounds easy in hindsight, but in practice we all know how difficult it is to actually pull the trigger. What allowed me to do this was that I was more concerned with making money than being right. Frame: “I'm not sure, so this is how I'm playing it… cause I wanna make money here, and I'm okay being wrong.” Here’s the twist though… That same uncertainty most people use to not act… is exactly what allowed me to act. Having the mindset: "I'm not sure, so this is how I'm playing it...because I want to make money here, and I'm okay being wrong". This went hand in hand with "I'm not certain the bear market is over, but it doesn't matter, there's an opportunity to make money here"

Been hearing this naive take a lot recently... "BTC has only 60% to ATH" Like that's supposed to be some sort of permanent ceiling... No. That's 60% additional gains before blue sky territory. Afterwhich we could have another 200%, 300% etc

Capitalism is not perfect, but it's the best we got.

As long as a “worse” money exists, people will naturally opt to spend that first (Gresham's Law). And since Bitcoin is the “best” money, people will rather save it over spending it unless & until there’s no other alternative.

Elliptic curve cryptography is on the brink of obsolescence. Whether it’s 3 or 10 years; it’s over and we need to accept that The only thing that matters is how quickly blockchain developers recognize that they need to bake in cryptographic mutability into their networks This of course requires an entire reimagining of how these systems work. Today the crypto is hardcoded in. That will have to change ETH people have already figured this out. Everyone else seems to be petrified in fear. Unless something changes quickly ETHBTC will start to reflect the divergence in prioritisation

Played out perfectly - even made it's way down to the 12h Kijun as expected. 👌🎯