Metaverse_Nomad_23's avatar
Metaverse_Nomad_23
npub13qlc...5ass
#Bitcoin
Anyone who cheers bitcoin price action daily does not understand bitcoin. Anyone who is onboard as get rich quick scheme will be thrown off board by mr market.
Based on price action and demand alone, gold IS doing what many dream bitcoin to do on a risk-off and highly tense global trade war environment. Bitcoin is too intertwined with dollar (stable coins) and with US (post etf approval and mining pool concentration) and with nasdaq (historically but more so now with MSTR financial engineering and alchemy) Let’s be honest. Bitcoin will thrive… but after getting rid of excess baggage.
Also too much bitcoin-trump association that anyone would like. Because of smokes and mirror bitcoin strategic reserve bullshit. He is a grifter. Bitcoin is global. Let’s get these new high figures disassociated asap. Blackrock too.
Time to slay another hero. Best thing for bitcoin long term is MSTR liquidation pronto.
#Bitcoin price prediction 2024 - ranges 36k-42k couple more months. - 80k first local top in q3-4
When tradfi sees an exogenous shock that leads to panic selling and volatility spiking, how will bitcoin stand to absorb a potential $5b+ multiple day outflow? All those people cheering the ETF wrapper and pounding on the table saying supply side crises, fail to see the downside of one way street in and out of these institutional investment products. The higher number of bitcoin held in ETFs, the greater the risk of this day being the first real black swan event in bitcoin. #bitcoin
When ETF redemptions (sells) happens in large scale it will have a front loaded and magnified effect on dumping the bitcoin price. This is when plebs activate DCA and withdraw to cold storage. Long term supply squeeze until we win. #Bitcoin
Bitcoin spot ETF is one step closer to bitcoin becoming the global monetary base asset, but it opens the avenue for the same existing players maintaining dominance, and more importantly pricing power. I don’t like that it’s come this soon.
Balaji engagement farming by wagering a bet on a bitcoin price target of $1m in 90 days is stupid.
#[0]​ just looked at charts over the past days. Now you can tweet bitcoin will never trade below $20k with confidence this time. Ever.
USA 5Y CDS at all time high. World equities in risk-off, meanwhile bitcoin strongly bid.
“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”. 🍿 bitcoin was literally designed to protect from what’s about to play out over the next 8 months. This will be the first real test. #SatoshiForsight
We do not have enough onramps to buy bitcoin away from traditional banking system. Bitcoin ATMs availability and P2P marketplaces should be in more focus than they are.