Twitter | Search | |
This is the legacy version of twitter.com. We will be shutting it down on 15 December 2020. Please switch to a supported browser or device. You can see a list of supported browsers in our Help Center.
Misir Mahmudov ⏳ 25 Sep 18
Replying to @misir_mahmudov
2/ Bitcoin is first perceived as an internet toy by cypherpunks.
Reply Retweet Like
Misir Mahmudov ⏳ 25 Sep 18
Replying to @misir_mahmudov
3/ Its rapid price increase makes a small group of people rich and brings media attention.
Reply Retweet Like
Misir Mahmudov ⏳ 25 Sep 18
Replying to @misir_mahmudov
4/ The media, the financial and tech establishment (Wall St. and SV), having failed to buy Bitcoin early and capture the growth, denounce it as a Ponzi scheme/bubble/MySpace of blockchain etc.
Reply Retweet Like
Misir Mahmudov ⏳ 25 Sep 18
Replying to @misir_mahmudov
5/ A large number of scammers jump onto the Bitcoin hype-train and create their own cryptocurrencies claiming to be superior though lacking critical qualities including decentralization, security, credibility of monetary policy, immutability, distribution, infrastructure & others
Reply Retweet Like
Misir Mahmudov ⏳ 25 Sep 18
Replying to @misir_mahmudov
6/ The retail, VCs, HFs, lacking understanding of monetary economics and applying inappropriate valuation models, invest into the shams that all other cryptocurrencies are, creating more noise and confusion as the prices of these altcoins increase at a rate higher than Bitcoin.
Reply Retweet Like
Misir Mahmudov ⏳ 25 Sep 18
Replying to @misir_mahmudov
7/ Well connected VCs/HFs are given discounts on the investments only to then dump much of what they bought onto the retail.
Reply Retweet Like
Misir Mahmudov ⏳ 25 Sep 18
Replying to @misir_mahmudov
8/ The world watches as the bear markets continue to wipe out more and more altcoins as these fail to deliver any useful product and constantly show cracks with regards to all crucial properties of a “cryptocurrency”.
Reply Retweet Like
Misir Mahmudov ⏳ 25 Sep 18
Replying to @misir_mahmudov
9/ Bitcoin, meanwhile, is able to retain its value best and its price continues to increase steadily in the long run.
Reply Retweet Like
Misir Mahmudov ⏳ 25 Sep 18
Replying to @misir_mahmudov
10/ People, burned in the altcoin craze, witness and learn about Bitcoin’s undisputed superiority across all characteristics.
Reply Retweet Like
Misir Mahmudov ⏳ 25 Sep 18
Replying to @misir_mahmudov
11/ On the eve of and during the next bull markets, Bitcoin’s unshakable and antifragile record exacerbates the chronic fear of missing out.
Reply Retweet Like
Misir Mahmudov ⏳ 25 Sep 18
Replying to @misir_mahmudov
12/ Hyperinflating fiat currencies are further contributing to the adoption of Bitcoin as it becomes the only means of preserving wealth for many people.
Reply Retweet Like
Misir Mahmudov ⏳ 25 Sep 18
Replying to @misir_mahmudov
13/ Investors and high net-worth individuals are convinced to allocate a portion of their portfolio (1-5%) to Bitcoin to capture further growth, as well as increase Sharpe ratio of their traditional portfolios.
Reply Retweet Like
Misir Mahmudov ⏳ 25 Sep 18
Replying to @pierre_rochard
14/ Such speculation facilitates a ‘speculative attack’ on ““stable”” fiat currencies as the increase in demand for Bitcoin necessarily involves a reduction in demand for fiat currency causing higher expected fiat inflation (see Speculative Attack article).
Reply Retweet Like
Misir Mahmudov ⏳ 25 Sep 18
Replying to @misir_mahmudov
15/ Central banks, in an attempt to adapt to the new conditions, start to accumulate Bitcoin (somewhat similar to gold today) causing the price to increase more and “legitimize” Bitcoin even further.
Reply Retweet Like
Misir Mahmudov ⏳ 25 Sep 18
Replying to @misir_mahmudov
16/ Bitcoin’s market capitalization is now in the tens of trillions. One of the greatest monetary wealth transfers in human history has occurred. Most of the investors are reaping large profits and are willing to part with some of their Bitcoin to pay for their purchases.
Reply Retweet Like
Misir Mahmudov ⏳ 25 Sep 18
Replying to @misir_mahmudov
17/ Bitcoin’s volatility subsides as both the market cap and the liquidity are larger than ever.
Reply Retweet Like
Misir Mahmudov ⏳ 25 Sep 18
Replying to @misir_mahmudov
18/ More and more people demand to be paid in Bitcoin now that it has proven to be a good store of value given its disinflationary (later deflationary) nature.
Reply Retweet Like
Misir Mahmudov ⏳ 25 Sep 18
Replying to @misir_mahmudov
19/ Bitcoin’s use as a medium of exchange becomes a widespread practice.
Reply Retweet Like
Misir Mahmudov ⏳ 25 Sep 18
Replying to @misir_mahmudov
20/ Bitcoin is now also increasingly used as a unit of account.
Reply Retweet Like
Misir Mahmudov ⏳ 25 Sep 18
Replying to @misir_mahmudov
21/ Due to the emergence of a superior, uninflatable, new monetary standard, people increasingly store their wealth in Bitcoin rather than fiat currencies. Central banks’ power is reduced and previous local monopolies on money are described by historians as a relic of the past.
Reply Retweet Like