GM
I know we're not supposed to care about "price action," but I'm struggling to make sense of "what the market is telling us." Strategic Bitcoin Reserves being announced by people with access to the money printer, and bitcoin is "down" from its ATH? ...make it make sense.
n.b., I am not looking to sell. I am looking to see bitcoin take over.
GM. The market tells us they "bought the rumor and sold the news" regarding the BSR announcement. It is clear from this that they still don't understand scarcity as they are trading like this is Stonks 👀
It's always sell the news. The pump happens after that. Also keep in mind, in their perfect situation, they would eliminate bitcoin. They just don't have a way to do it, so they try hard to manipulate and buy themselves time
That the economy is worse off than the pumpers, media, and power mongers would have you believe.
Gold went down in the first few months during the crash of ‘08. Once people realized that there was no other option than gold (not even bonds), it ripped into new highs and stayed there.
I suspect this will happen again, with bitcoin to follow suit. We will all buy the dip, shitcoiners will rotate in, and that will create a resiliency that most of the markets won’t have. And that will attract the real money.
If there is no crash, then that means stimulus of various kinds are abound. And bitcoin is hard-coded to take advantage of this.
