Saylor X posts are cringe. #truth
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.
New all time high before halving? #bitcoin
#Bitcoin price prediction 2024
- ranges 36k-42k couple more months.
- 80k first local top in q3-4
Legend for this and for having the best bitcoin podcast. Congrats nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx
I think it definitely is an opportunity (if it comes) to buy bitcoin at extreme discount amid a price shock and magnified sell pressure from institutions. But I also think this could be devastating and harmful particularly to those on a bitcoin standard (100% or close to all in bitcoin)
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
21
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 does not need an ETF approval. I actually prefer a rejection.
They only care about management fees, which paradoxically means it’s in their best interest that NGU continues cycle after cycle. I do not like the prospect of a 4x or more ETF wrappers owning 800k btc each across the same domain and within a handful of custodians.
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.
No-coiners are so close to figuring it all out. #bitcoin
Wen?
Nostr > Twitter