We’ve been around CT for a few years, and while the road still appears curvy, we believe the pieces are moving into place and the destination becomes more clear with each passing day. The following people are all pioneers, when they speak you should listen.

I am going to be using #bitcoin & borrowing from myself to buy my first rental property.

Want to know how?

Time for a thread...👇🏻👇🏻👇🏻

At the beginning of 2020 I set a goal for myself to accumulate as much #bitcoin as possible.

Now this thread isn’t really about whether or not you believe in bitcoin, but more about how to use leverage and other peoples money (OPM) to buy yourself more assets.

Let me explain...

Step 1 - I took all of 2020 to accumulate #btc and put it on an exchange (Blockfi) that pays me interest on my bitcoin.

Not only have I acquired multiple coins this year, but I’ve created a $100+ gain per month in interest as well (another source of cashflow).

I can now utilize this platform to take loans out against my position (which is in the mid 5 figures.)

Double winning:

I can take a $ amount loan out against my bitcoin and use that to pay the 15% down required on a rental property and allow the bank to pay other 85%.

How I am winning #1:

I am borrowing from myself and a bank to acquire another asset.

That real estate 🏡 will be paid for by someone else and produces more cash flow for me.

I will use that cashflow to immediately pay off the loan I took against my bitcoin.

1/29 #Bitcoin thread, updated version

We’ve doubled since the last time I updated this thread, so I thought it would be of some value to update it. Feeling insecure about price action? Too enthusiastic/scared? Maybe this helps a bit, go check it out!

TLDR at 27-29
Let’s go!🔥

2/ 2 Year MA Multiplier
This indicator uses the 2Y MA. Green line is the 2Y MA, red is the same MA x5

2ya MA multiplier is rising and at ~48k rn. Price goes parabolic. I would personally love to get a decent correction, would give more space for growth long term imho.

3/ Relative Unrealized P/L
Paper p/l in $Btc. Use it to track investor sentiment.
Market is overheating, everybody is in paper profits, but as you can see “we” as a whole take too less profit. We can stay around greed for a whole year, but a correction at this point makes sense

4/ 200 Week MA Heatmap
#Bitcoin likes to bottom out near the 200W MA
Colors are attached to % increase of MA
Blue/purple = Buying opportunity
Orange/red = TP opportunity
The bigger the distraction, the more parabolic price goes, simply said
First green coming(?) Room for growth

5/ MVRV Z-score.
To identify periods when $Btc is extremely under/overvalued.

Green= MV unusually far below RV, buying opp
Red=MV unusually high above RV, TP opp.

Now: heating up. Correction first to cool it off plz :)
Nice uptick in realized value.

What happens to your cryptocurrency when you die??

A thread...

Did you know it’s illegal to log into a dead person’s crypto account?

So if you're a crypto investor and you died today, who reaps your fortune?

No one, technically, unless you name a beneficiary in your will. And it's a big deal as ~3.7M bitcoins, $140B is unrecoverable (excluding the 10k+ other cryptocurrencies) since the investor either lost their password or died intestate.

And you can’t just “reset” the password. This is because, when the cryptocurrency network confirms passwords to allow transactions, it does not see or know the password itself!

This complex algorithm keeps the system decentralized. So a lost password is lost money.

"But have we *earned* it?"

Vitalik famously posed this question in late 2017, when the crypto market cap first reached $500 billion.

We're past $1 trillion now. Let's see what has changed in crypto, especially in Ethereum and DeFi, since then.

A thread. 👇

2017 and 2018 were marked by vaporware.

Projects like Dentacoin, which promised, uhhh, great things but had little to show for it, garnered hundreds of millions in value.

Look where they are now.

Literal billions in market cap reduced to ashes. And that's good.

We've seen the capital allocated to these ghost projects seemingly flood toward quality.

Bitcoin dominance currently sits at 67% after bottoming at 33% in January 2018.

Ethereum dominance is also up from its lows.

Projects with big promises and no execution were flushed out.

Not all of the vaporware has been flushed out.

Many coins in the top 50 have yet to deliver on promises they made years ago.

But this is changing as coins like AAVE and SNX enter the crypto market's top 20.

Not much has changed about bitcoin on a technical basis, but on a fundamental basis, I think it's stronger than ever.

The confluence of money printing, political uncertainty, and more is driving the need for a scarce reserve asset not controlled by any central party.