bitcoin is accurately smelling trouble right now.
the US is going to have to inject some of that sweet sweet liquidity soon and print a ton of money or else their fiat empire goes kaboom
Discussion
Stay Humble and Stack Sats
Wow. There it is. Amazing.
The Big/Last Print is coming!
💵 🖨️ 💵 🖨️ 💵 🖨️
I don’t get it, shouldn’t then risk asset (btc) be pumping?
they have to print the money first. while liquidity dries up, bitcoin goes down for now
Most of us get to see the demand flow only. Does your position in the market give you insight into printer flow?
Release of core 30 caused a huge dump from investors who continue to dump in anticipation that core 30 will allow childporn to be stored on chain
Mailbag Monday is gonna be full of mail
With BTC dumping and Gold hitting ATH, it's hard to apply common sense to any of it.
Is this what happens before the bubble pops? It's watch and see I guess.
the market still (incorrectly) views bitcoin as a risk asset, so it does make sense
Usually Bitcoin is forward looking, so if btc smells sweet sweet liquidity needing to be pumped into the system, would the price be rising in anticipation of the liquidity lifting all boats? What am I missing here?
bitcoin is most sensitive to liquidity. when liquidity dries up, bitcoin reacts first. when liquidity starts coming, bitcoin acts first. that simple
Shouldn’t BTC go up either way?
it should, but it doesn’t yet. the market still treats it as a risk asset
Core 30 release sent the price of Bitcoin down because retirement firms and investors dumped their btc in anticipation of childporn being hosting on chain.
But everything will be fine, the blockchain will fork, the blockchain without the childporn and spam will remain bitcoin
The cracks in the dam are starting to show.
I smelled trouble the first time that I saw that you could buy Door Dash and groceries on an installment plan. 😥
What time span are we talking about before they print money? Weeks or months?
The only trouble for Bitcoin is the release of core 30.
Once we get past this next fork everything will be ok.
We've already been through this before.
The blockchain WITHOUT the childporn will remain Bitcoin while the core30spamcoin will become a worthless shitcoin
Bitcoin loves trouble
