Weirdly, as Bitcoin has no fundamentals at all (it is the purest Ponzi), I have never had a serious urge to ever short it. Whereas any stock that gets disconnected from future cash flows starts tugging at the back of my brain at some point. Maybe I can learn something from this. https://twitter.com/2170cell/status/1345592981877706753 …
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Replying to @MidwestHedgie
drew Retweeted drew
I wouldn't say no fundamentals at all!https://twitter.com/drewg__/status/1344139158898540544?s=19 …
drew added,
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Replying to @drewg__
nah, i think your model would correlate until it suddenly doesn't. different, but related, from our letter this month:pic.twitter.com/LLcypFV8Zp
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Replying to @MidwestHedgie
Yeah, for it to work in the real world you would need to model a hashing mine's likelihood to shut down as a function of local power prices, but frackers have shown that resource extractors are willing to operate at big losses after the initial capex spend to get up and running
8:47 AM - 3 Jan 2021
from Brooklyn, NY
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