Inflation, rate hikes, and the AI bubble mean we're in for a rough ride, but hard times are for accumulating wealth.
Someone is sitting in the shade today because they planted a tree long ago.
Locked in my Bitcoin profits into gold. 🪙
With geopolitical tension and rate hikes looming, gold feels like the safer anchor right now. The game plan: if gold holds strong and $BTC dips ~$50k, I’ll start slowly rotating back in.
Funny how everyone becomes a market genius during the crash, but they were nowhere to be found when I was actually hitting the 'sell' button at the top. 😎
@CorySwan I’m on board with most of this, but I disagree that buying at $60k–$70k was easy for top sellers. From my experience as a top seller, the geopolitical situation made it a total gut check.
The situation on oil markets is like a car racing towards a wall. The car is not slowing down (at today's prices, there is hardly any demand destruction). Instead, everyone in the car is betting that the wall will disappear before a crash happens.
2 years #Ethereum graph shows similarity with #Bitcoin 2014-16. If $ETH price increases as $BTC price did after 2016 halving (44x), it can reach $9000 at the end of 2021. Inspired by @IamCryptoWolf
Is there real significance to this $BTC channel, or is it just noise? I used this channel, entered at this support in Dec '22 and exited half-way through the recovery with 5x.
This channel says to buy at $58K or even now. Gemini says to wait for 52K. I am waiting with cash.
As @biancoresearch mentioned, with ETF holders underwater, a break of $60k could trigger a wave of automatic institutional exits. So, the biggest risk: ETF stop-losses.
Buying machine of $MSTR is stopped. At a 0.9 NAV discount, the flywheel is broken.
BTC down 47% from ATH, yet ETFs only sold 6%, a massive "weak hand" supply overhang. Both $MSTR (avg $76k) and ETF holders (avg $85k) are underwater.
Game of chicken is on.