Me, after checking the market prices for the first time today. #Bitcoin
Step 1: Open a long position at 25K with 50x leverage.
Step 2: Close it at 28K.
Step 3: Open a long at 26.6K with 50x leverage.
Step 4: Close it at 30K.
Step 5: Watch BTC rise to 37K and bang my head against the desk for aiming for 27K before that.
Step 6: Remember that I'm in profit in the end.
Step 7: Bang my head against the desk a second time because, well...
Step 8: Put a cushion between the desk and my forehead, remind myself that I'm a good reversal trader but a bad position trader, which partly makes me a profitable trader. Learn from my mistakes, jot it down in my journal, and watch my take profits get hit on ETH, which underperforms BTC but is the position I have left, my consolation prize. Take a deep breath.
Step 9: Attempt to suffocate myself with the cushion.
#Bitcoin.
Use google Lens bruh, you can translate it in real time, real shiiiiiiiyet
I know people love dreaming about #Bitcoin idea's like:
"What if every single person in the world woke up all of a sudden and bought 0.0003 #Bitcoin omg there would be no more Bitcoin left!!!!!"
😱😱😱😱😱😱
I think that's a stupid way of thinking.
If we're thinking about probabilities.
For most people, #Bitcoin is an after thought out of necessity.
Same levels of probabilities as all the "ETF will cause a nation state attack on #Bitcoin " Doom & Gloom Boomers.
Less than 1%.
I do however put a FAR higher probability on the fact that the probably 5,000 people across top 500 firms who control & direct $130 Trillion of assets and are financially incentivised to collect fee's and generate performance reviews, will get “it”.
I think they’ll direct capital into the best performing asset in the last decade to make themselves look good to clients and collect fees.
That sounds rational.
And remember if just 1% of their assets under management - $1.3T - wanted to buy #Bitcoin today…
You would need 39.4m Bitcoin available to buy to not move the price.
Almost DOUBLE the total supply.
Almost 21x the on exchange available supply.
That's why time is running out.
We're no longer at doo-laly idealistic dreams about the world waking up and being saved land.
The lions of the industry woke up, smelt blood and are hunting their prey.
Their prey is YOUR #Bitcoin .
Either you take it and protect it, or they'll take it.
This is getting very serious now.
Send Sats if you agree.
Invest in money, not credit. #Bitcoin
M. Saylor
A prevision:
Blue Year 2024: price spends time around the median (34,500) and makes an advance towards new ATHs end of year.
The second early top will come +/- 21 days from July 9th, 2024. (purple dot)
If this is the cycle mid-top, I believe the price will be about $48,000 then.
Red Year 2025: Price makes new ATHs. The cycle top comes at the end of the year +/- 21 days from Nov 28th, 2025.
I expect the price to be 90-130k. These are based on my own observations and models. Most confluence is around 130k.
Blue year (2024) is a good year for Bitcoin, and creates additional steps forward in preparation for Red Year.
The model is centered around the dates of the first and second halving: November 28th, 2012 and July 9th, 2016.
Send Sats if you agree.
#Bitfoin #Sats #Pleb #Plebchain #Nostr #Hodl
The price of #Bitcoin has gone up.
However, it can literally drop back to $20K tomorrow or rise to $100K next month.
🔴 Models attempting to predict #Bitcoin's price based on the past are meaningless.
🔴 The "next bull run" everyone expects in 2024 may not even happen.
🔴 Yes, there are real catalysts in the coming months and next year, but none of them guarantee the price will continue to rise.
🔴 In essence, nothing can predict "black swans" or "white swans."
🔴 Trying to "time the market" is akin to gambling addiction.
🔴 Technical analysis is comparable to astrology.
🔴 Playing with #altcoins to "get more #BTC" is like playing in a casino.
The only thing that matters is, have you studied #Bitcoin for more than 100 hours? Because once you've done that, you realize that the short-term price of #Bitcoin doesn't matter.
It's just small waves in the midst of a significant transition taking place:
The monetization of a better form of money, neutral and suited to the modern world.
Studying #Bitcoin allows us to discern the signal amid the noise.
Send #Sats if you agree with me.
#Bitcoin #Sats #Zapathon #Hodl #Plebs #Plebchain
Three announcements related to #Bitcoin spot ETFs tonight 👇
🔸 BlackRock's Bitcoin ETF is now listed on the Depository Trust & Clearing Corporation (DTCC) with the symbol $IBTC. This is part of the process of bringing an ETF to the market.
🔸 BlackRock plans to seed its Bitcoin ETF with capital before the end of October. Seeding capital is the initial funding that enables an ETF to launch and become available to investors.
🔸 The appellate court is asking the SEC to reevaluate Grayscale's application for a Bitcoin spot ETF. The SEC will need to rely on new arguments to deny Grayscale's request once again.
Tic tac... ⏱️
Gm plebs
#Plebchain #Nostr #Bitcoin
Gn fam
#Nostr #Plebchain #Bitcoin
You're quite literally selling your coins to BlackRock if you sell #Bitcoin here.
Trillion-dollar asset managers are bidding, but you're waiting for 12k.
It was a pleasure stacking #bitcoin under $30k with all of you legendary plebs
Will never forget it
Let us all have a toast
Once the #Bitcoin god candle appears, people will ask you “how is this possible…?”
Your only response should be, “because builders have been building.”
Get to ONE #Bitcoin .
Time is running out.
And your progeny won’t be able to correct your mistake because the scarcity of #Bitcoin will hold your bloodline accountable - unlike fiat.
#Nostr #Plebchain #Sats #Zapathon