I'm looking forward to BSV competing in the multi-coin era, where most money in the space is seeking merits of utility.
This era is SOON.
In my view, BTC dominance is another 3% drop from self-destruction. BTC's store of value narrative requires it to outperform over long time horizon all other coins that seek function.
If that 3% falls, BTC will not recover
Another podcast with @292
Price signals markets for allocation of capital.
Low price has led to BSV being capital-starved.
Other cryptos that 10x'ed are now getting 10x over-allocation, while BSV is get 1/10th below reasonable allocation.
It's a 100 fold disadvantage rn
It sold in about 20 minutes
Does a school Gonzaga actually exist or is this a basketball team of actors that just shows up for the fix, like the Washington Generals?
the depth in the lavender flower is astonishing. I've seen this in separate photo. In the video, slow the speed to 0.5 and there is just a brief frame after 0:03 zoomed out where it can be seen. It looks in front of the painting.
Viewers should pause it part way and look at the bottom frame, notice the picture is shown in an overlay, with a flower and gold leaf Bitcoin in the foreground.
It looks fantastic
This strategy of dominance theory is widespread. it's worked in many markets over the last 15 years
Anthony Scaramucci
BTC: "it’s [Bitcoin’s] the apex predator in the space."
Ethereum "“good fundamentals and will grow.”
But PoW cryptos work differently
My thesis has always been that most of the money in BTC is chasing returns, not seeking to store value.
As the law of large numbers eventually ruin the annualized % returns, most people will move it into place they see superior returns.
This is why a stock cannot be squeezed to infinity.
It will be in the fiduciary interest to sell new shares for an overvalued high demand stock, especially one that holds debt.
Michael Saylor reasoning sounds a little like CSW of late.
I noticed yesterday Pomp had been tweeting frantically.
It looked like desperation.
He's was probably looking at the same BTC Dominance chart I was.
I didn't know the frog laid golden eggs but I really like my egg.
Egg drop > air drop
The divergence trend has reached a tipping point.
Either the top alts break BTC dominance or the trend reverses.
7D
BTC < 3%
ETH 17%
BNB 20%
DOT 33%
Hardly discussed yesterday, but the ColdFusion documentary is a normie breakthrough of BTC narratives at a level that has not happened previously, ever.
Investing is about returns. When BTC returns can't keep up with returns of ETH, ADA, DOT for an extended time, BTC dominance will die.
BSV wins in the post-BTC dominant world
I expect this is the end of BTC dominance, Dec '20 the last of it.
It's now within a 1% of a level tested twice in Sept'20. so the floor falls out.
The counter-arg is this happened 3 years ago before it all went bearish. not expecting that.
BSV wins
