Joined January 2018
- Tweets 50,883
- Following 1,439
- Followers 131,501
- Likes 75,495
3,373 Photos and videos
Pinned Tweet
16 Apr 2024
Personal Update:
I am very proud to announce I'm launching the @_checkonchain Newsletter on Substack!
After 6 years studying and educating folks on the power of #Bitcoin onchain data, it's time to put my skills to the test.
Our first edition is live!
checkonchain.substack.com/
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_Checkmate π πβ‘β’οΈπ’οΈ retweeted
PEAK APATHY: NO ONE CARES ABOUT BITCOIN - TIME TO DOUBLE DOWN
@_Checkmatey_ & @SullyMichaelvan with @WalkerAmerica
FOUNTAIN: fountain.fm/episode/uAq9Q8VFβ¦
YOUTUBE: youtu.be/V0nywS9dLBM
RUMBLE: rumble.com/v7b6yc4-peak-apatβ¦
SPOTIFY: open.spotify.com/episode/6CPβ¦
APPLE: podcasts.apple.com/us/podcasβ¦
GET EMAILED: walkeramerica.substack.com/
SHOW NOTES: open.substack.com/pub/walkerβ¦
EVERYWHERE ELSE: bitcoinpodcast.net/podcast
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_Checkmate π πβ‘β’οΈπ’οΈ retweeted
"Bear market floors occur on PEAK APATHY. Nobody cares... My plan is to buy like a madman... Once we go above $80k we are back off and to the races." - @_Checkmatey_
"DOUBLE DOWN." - @SullyMichaelvan
PEAK APATHY: NO ONE CARES ABOUT BITCOIN - TIME TO DOUBLE DOWN
@_Checkmatey_ & @SullyMichaelvan with @WalkerAmerica
FOUNTAIN: fountain.fm/episode/uAq9Q8VFβ¦
YOUTUBE: youtu.be/V0nywS9dLBM
RUMBLE: rumble.com/v7b6yc4-peak-apatβ¦
SPOTIFY: open.spotify.com/episode/6CPβ¦
APPLE: podcasts.apple.com/us/podcasβ¦
GET EMAILED: walkeramerica.substack.com/
SHOW NOTES: open.substack.com/pub/walkerβ¦
EVERYWHERE ELSE: bitcoinpodcast.net/podcast
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BREAKING: Jane Street just used a quantum computer to solve the asteroid mining problem, which looks set to inflate the gold and silver supply to infinity!
The SpaceX IPO is just the tip of the spear for this catastrophic bug of using money derived from the periodic table!
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I forgot, Mythos hacked Peter Schiffs gold vault code...turns out it was all bars of chocolate wrapped in gold foil after all.
Wasn't worth the effort to nick it.
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_Checkmate π πβ‘β’οΈπ’οΈ retweeted
Jun 10
Bear market bottoms are a process, not an event.
First, price-sensitive investors capitulate. Then comes the harder phase: months of sideways action that slowly wear down the conviction of those who remain.
In our latest newsletter piece, @_Checkmatey_ examines the evidence suggesting Bitcoin may be experiencing a time-pain capitulation event, and what investor behaviour looks like during this phase of the cycle β newsletter.checkonchain.com/β¦
Chart explainer:
The 200WMA Quantile measures where Bitcoin is trading relative to its 200-week moving average. Current readings sit in the bottom ~10% of all historical observations, a region only visited during the deepest stages of prior bear markets.
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_Checkmate π πβ‘β’οΈπ’οΈ retweeted
Jun 5
Resilience is about how quickly you can rebound from a shock event, and begin thinking clearly about your next decision.
In our latest newsletter piece, @_Checkmatey_ examines one of the most common investor dilemmas: should you wait and try to lump-sum the bear market bottom, or is a structured DCA strategy actually the better approach? Learn about it here β newsletter.checkonchain.com/β¦
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_Checkmate π πβ‘β’οΈπ’οΈ retweeted
You're missing the actual parallel
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Three charts to contextualise how different investor cohorts are reacting to this sell-off.
Simple framework:
- Coins below $60k are in profit (old hands)
- Coins above $60k are in loss (top buyers)
- These charts show who is spending.
Goodnight.
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_Checkmate π πβ‘β’οΈπ’οΈ retweeted
Jun 4
Seeing this chart really highlights your long-term perspective and deep insight. It reminds me of what you once said about Bitcoin being a long-term investment asset, and your commitment to fellow investors who share that vision. Itβs like a moment of dΓ©jΓ vu, truly impressive.
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Thanks for the sats, whomever you were.
They're on ice already.
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Time Pain Usually ends with a Bang!
Published March 30.
First chart from the piece.
Second chart is today.
newsletter.checkonchain.com/β¦
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It's time for a Bitcoin eulogy.
It was fun while it lasted.
newsletter.checkonchain.com/β¦
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_Checkmate π πβ‘β’οΈπ’οΈ retweeted
Jun 3
Resilience as an investor is all about how quickly you can rebound from the shock value of a market move, and adjust to the cards that lay on the table.
In our latest newsletter piece, @_Checkmatey_ examines Bitcoin's latest sell-off, how investors are responding beneath the surface, and what the probabilities suggest about prices at 66k.
Get it here: newsletter.checkonchain.com/β¦
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_Checkmate π πβ‘β’οΈπ’οΈ retweeted
Jun 2
Strategy just sold Bitcoin for only the second time in its history.
The sale was small - just 32 BTC out of a treasury of 843,706 coins - but it raises a much bigger question:
What does this sale tell us about how Strategy intends to manage its balance sheet going forward?
In our latest newsletter piece, @_Checkmatey_ examines the sale, the firm's evolving capital structure, and the risks investors should understand when analysing the world's largest corporate Bitcoin treasury β newsletter.checkonchain.com/β¦
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A solid reflective piece from David, and he is right.
Ethereum (the blockchain) is, and will be very successful.
That does not translate to value capture for ETH (the asset). There is no mechanism for it to benefit from that success.
John Pfeffer articulated this in 2017.
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_Checkmate π πβ‘β’οΈπ’οΈ retweeted
May 26
Had a blast hanging out with James and getting DEEP into all things Bitcoin market sentiment.
The masses may be checked out and angry right now... but IMO that's exactly why it's a great time to be bullish.
Hope you enjoy it as much as I did.
My Rought Consensus discussion with @SullyMichaelvan is live!
We cover how he's processed Bitcoiner sentiment from X, and extracted fascinating insights about our collective emotional states
Anger, annoyance, disappointment, it's all happening right now
newsletter.checkonchain.com/β¦
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My Rought Consensus discussion with @SullyMichaelvan is live!
We cover how he's processed Bitcoiner sentiment from X, and extracted fascinating insights about our collective emotional states
Anger, annoyance, disappointment, it's all happening right now
newsletter.checkonchain.com/β¦
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_Checkmate π πβ‘β’οΈπ’οΈ retweeted
My two favourite Bitcoin analysts have now joined forces π₯
Episode with @SullyMichaelvan dropping tomorrow! How long before we have @_Checkmatey_ on the pod? π
May 25
Overwhelmingly grateful this morning.
You can't hold Bitcoin for long durations of time without experiencing both euphoria and humility.
Most of us start this journey with an incredible amount of excitement. The rabbit hole is deep, the ideas are intoxicating, and the orange coin feels inevitable. You make bold predictions and can't imagine a world where price goes down for long.
But Bitcoin doesn't move up and to the right every day.
Eventually, the price dumps.
Moods shift.
Conviction gets tested.
And inevitably, you realize how much you still don't know.
I've been wrong repeatedly over the years (and literally have the sentiment data to prove it), but IMO that's part of the process. The important thing is to use this pain to refine your worldview, learn, and continue growing.
People like James and the @_checkonchain team have been instrumental in my own learning journey.
I'm incredibly thankful for the opportunity to collaborate with them and share my work in this way.
Hopefully it's as valuable to you as their work has been to me.
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_Checkmate π πβ‘β’οΈπ’οΈ retweeted
May 25
The last year of the @_checkonchain newsletter has been a continuous masterclass - in bitcoin, but more importantly market psychology.
My highest recommendation to become a paid subscriber if you have even the slightest interest in bitcoin or want to mature as an investor.
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