The stocks that became casino chips

bitcoin at $77,712 that day, $78,508 today
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05 · opinionscroll

enters the diary as position 13 · bitcoin at $78,508 on November 2, 2026

12 positions · bitcoin’s price that day
September 15, 2026 · bitcoin at $77,712
Robinhood built a chain for stocks. Degens turned them into casino chips
05 · opinion12 positions

the book

exit liquidity · by alberto

same mistakes.
every cycle. since 2017.

how retail becomes exit liquidity. eight years of pattern recognition, watching it happen.
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cover · exit liquidity
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opinion · 12 positions

012 · September 15, 2026

The stocks that became casino chips

bitcoin when we wrote it, and now

September 15

77,712 $

today

78,508 $

read the piece

the ledger

004 Which dip December 9, 2025 −15% 002 The trap of simple explanations December 9, 2025 −15% 005 The alt season isn’t here yet December 7, 2025 −13% 009 Who owns bitcoin has changed December 7, 2025 −13% 010 Attention has an expiry date November 30, 2025 −13% 006 The cycles have fallen out of phase November 27, 2025 −14% 011 Three times isn’t a law November 22, 2025 −7% 007 The counterparty nobody prices November 20, 2025 −9% 001 The four-year cycle is over November 18, 2025 −16% 003 Two scenarios, one target at seventy thousand November 6, 2025 −23% 008 The companies that just buy October 27, 2025 −31%

the book

exit liquidity · by alberto

same mistakes.
every cycle. since 2017.

how retail becomes exit liquidity. eight years of pattern recognition, watching it happen.