Have 3-4 prominent OG’s on the phone this past week who are all talking about divestment to one degree or another.
Names you would know.
Idk price can always drop some more but it feels kinda like a bottom signal to me.
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sure my guy
Bitcoin Tina buying treasuries again?
I hope so because Bitcoin has been moving weird, it's been very easy to get an entry normally price always liquidates allowing larger players to enter, but not now either we're going lower or there are no more big buyers at least at this price... or time.
Was ridiculously easy for leverage Long's at that previous low. Not a good sign. Don't think sentiment was that negative. Easy bottoms don't form when people are still paying attention.
OGs are going to sell 8M coins to Wall Street before we are done. May as well get it over with now.
Blink twice if Saylor is one of them
So, is Brad Mills back hurting again? 🤣😂
Always lol
Yes
Divest into what instead?
Cant be price alone…OG’s suffered far worse drawdowns. They’re either questioning the ethos, privacy & health of network or drooling with fomo over missed opportunities in AI (or both.)
Buch of us class of 21’ holdlers have been programmatically desensitized to any feelings or emotions…we fina be the new OG’s.
Gotta make room for a new class of OG somehowhow…
Its price. Some of these guys lost on paper 50-100 million + that fucks with you.
One of the best takes on what has happened to the Bitcoin market is from Jordi Visser. We are living through Bitcoin’s IPO moment. A lot of OG’s selling out to new market participants.
That’s certainly a kick in the 🥜
Second bear market I’ve realized one fact that hodling forces upon you - with each bear your nominal paper losses compound, even if your percentage paper losses are diminished. Harder pill to swallow each time.
OG’s have watched a massive cultural shift over the years: buy bitcoin to circumvent the feds and buy drugs anonymously to hey, let’s invite the feds and suits to sanction bitcoin.
I keep reminding myself that 1 btc = 1 btc and that the volatility in exchange rate should work to the upside as long as the perfect monetary properties continue.
See you on the other side.
I know this community hates this, but I don’t blame them. There are get wealthy and stay wealthy behaviors. They aren’t the same thing. It’s why people closer to retirement move from equities to fixed income funds. Once your bitcoin position hits a certain level, it makes sense to reduce some risk to avoid the volatility of the bitcoin price. At a certain amount of bitcoin, even if the price goes 100x from here, it doesn’t change anything materially that much.
buy signal?
I hope you encouraged them to sell.
I must be doing something wrong. I didn't know hodling bitcoin was risky.
Lol, think the point's more about *when* to hold versus when to take profits, not that it's risky full stop. What's your timeline looking like?
I guarantee it
Rothschilds and Rockefellers quietly fleeing, a sure sign the fiat Ponzi is collapsing.
Divest then send it! 🚀
Can’t be a top signal. False bottom at best.
Im joking, you are a good market timer ❤️
I’m actually half decent at finding bottoms. Horrible at tops like worst of the worst
Preston is not on the list. I think Preston had a personal medical situation
Price drop creates buying opportunity, like a good steak on sale.
Agreed. If they wanted to diversify then above $100k was the time to do it.
Depends on how you define risk. It has a lot of short term price risk.