1/ Why Silicon Valley Doesn't Get Bitcoin
Over the last 12 years of it’s existence, Bitcoin has been misunderstood by Silicon Valley which has led to many cringe worthy moments as they’ve endorsed silly ideas and even worse, scams.
More from Dan Held
1/ Bitcoin: a bold new world.
Satoshi published the white paper on 10/31/2008. Right at the moment of peak despair during the 2008 financial crisis. Trust had been lost in a world that ran on trust.
2/ But why October 31st? It certainly wasn’t because Satoshi was a fan of halloween, it must have had a deeper meaning. With all of his actions, he demonstrated a careful precision.
He had been working on Bitcoin for at least a year and a half before publishing the white paper.
3/ “I believe I've worked through all those little details over the last year and a half while coding it, and there were a lot of them. The functional details are not covered in the paper, but the sourcecode is coming soon” - Satoshi Nakamoto
4/ On August 18, 2008 Satoshi registers registers https://t.co/rMWwiEwtxT through https://t.co/Uj8lMr10kB.
Satoshi was ready and waiting to hit the send button throughout 2008. What was so special about October 31st?
5/ I believe that Satoshi published the Bitcoin white paper on 10/31 as a hat tip to the ancient Gaelic festival of “Samhain” which was also the date in which Martin Luther nailed his 95 Theses to a church door. Both represent an end of the old and the beginning of the new.
Satoshi published the white paper on 10/31/2008. Right at the moment of peak despair during the 2008 financial crisis. Trust had been lost in a world that ran on trust.
2/ But why October 31st? It certainly wasn’t because Satoshi was a fan of halloween, it must have had a deeper meaning. With all of his actions, he demonstrated a careful precision.
He had been working on Bitcoin for at least a year and a half before publishing the white paper.
3/ “I believe I've worked through all those little details over the last year and a half while coding it, and there were a lot of them. The functional details are not covered in the paper, but the sourcecode is coming soon” - Satoshi Nakamoto
4/ On August 18, 2008 Satoshi registers registers https://t.co/rMWwiEwtxT through https://t.co/Uj8lMr10kB.
Satoshi was ready and waiting to hit the send button throughout 2008. What was so special about October 31st?
5/ I believe that Satoshi published the Bitcoin white paper on 10/31 as a hat tip to the ancient Gaelic festival of “Samhain” which was also the date in which Martin Luther nailed his 95 Theses to a church door. Both represent an end of the old and the beginning of the new.
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%
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%
More from Bitcoin
1/ If, like me, you've been looking at #Bitcoin over the last few years with interest, but you have never really decided which side of the fence you sit on, this thread might be good for you.
This isn't another opinion piece on #Bitcoin , in-fact, it's exactly the opposite. 👇🏼
This thread is a list of resources I have found to be useful and insightful when it comes to understanding the pros and cons of #Bitcoin .
Below, you'll find knowledgeable people 👩🏽💻, articles/essays 📝, podcasts 🎧 and videos 📹 about #Bitcoin . Enjoy!
/2 People 👩🏽💻
These individuals are valuable to listen to, whilst they are bullish, they justify their stance:
@RaoulGMI
@michael_saylor
@DTAPCAP
@APompliano
@VentureCoinist
@AlexSaundersAU
@danheld
@aantonop
@jchervinsky
@real_vijay
@lawmaster
@LynAldenContact
/3 Resources 🏢
A video library of interviews from various Bitcoin enthusiasts. 👇🏼
https://t.co/CJJvHavSOn
A great guide for new investors to Bitcoin. 👇🏼
https://t.co/fOoSfTlWr5
A portal for people to go from zero knowledge to intermediate level.
/4 Tweet threads 🐦
A great thread on rebuttals from common #Bitcoin queries/criticisms. 👇🏼
https://t.co/tPEpFMMPhH
Why companies are starting to put BTC on the balance sheet. 👇🏼
https://t.co/lL71M1A3NF
“A double-spend broke Bitcoin" debunked.
This isn't another opinion piece on #Bitcoin , in-fact, it's exactly the opposite. 👇🏼
This thread is a list of resources I have found to be useful and insightful when it comes to understanding the pros and cons of #Bitcoin .
Below, you'll find knowledgeable people 👩🏽💻, articles/essays 📝, podcasts 🎧 and videos 📹 about #Bitcoin . Enjoy!
/2 People 👩🏽💻
These individuals are valuable to listen to, whilst they are bullish, they justify their stance:
@RaoulGMI
@michael_saylor
@DTAPCAP
@APompliano
@VentureCoinist
@AlexSaundersAU
@danheld
@aantonop
@jchervinsky
@real_vijay
@lawmaster
@LynAldenContact
/3 Resources 🏢
A video library of interviews from various Bitcoin enthusiasts. 👇🏼
https://t.co/CJJvHavSOn
A great guide for new investors to Bitcoin. 👇🏼
https://t.co/fOoSfTlWr5
A portal for people to go from zero knowledge to intermediate level.
/4 Tweet threads 🐦
A great thread on rebuttals from common #Bitcoin queries/criticisms. 👇🏼
https://t.co/tPEpFMMPhH
Why companies are starting to put BTC on the balance sheet. 👇🏼
https://t.co/lL71M1A3NF
“A double-spend broke Bitcoin" debunked.
1/ Fear and Bitcoin.
— Dan Held (@danheld) January 10, 2021
Whenever Bitcoin has a bull run, naysayers try to cope with missing the boat by rationalizing why it will fail through \u201cFear, Uncertainty, and Doubt\u201d or what we Bitcoiners have nicknamed \u201cFUD.\u201d
I will be a buyer under 13800 levels, but depending upon the reversal on smaller timeframe.
#BITCOIN
— Mayank Narula (@Mayank_Narula1) March 5, 2022
Pending RSI divergence on monthly chart which requires a dip under 13805 to get resolved.
But monthly RSI divergences can go on for years before the resolution.
Best case scenario will be panic dump over next few months. pic.twitter.com/hi67hMg9sZ