@Satoshi_Gemsar@PeterSchiff Bull***! BTC has nothing to do with financial system. BTC is 100% speculative active WITH NO REAL USECASE. It doesn’t matter if it costs 125000, 60000 or 1000$. One more thing- my prediction: we will not see any bull run before Saylor will be bankrupt
@PeterSchiff I’m expecting it to hit this range by the end of this year. I guess the target for this cycle are the big institutionals like Saylor… price will be going down until MSTR is bankrupt…watching this situation with interest
When Bitcoin is back at $20,000 that's still a lot of money to pay for nothing. Don't be fooled by meaningless benchmarks. 84% off a ridiculously high price is not a bargain.
$BTC
The CME gap has been filled.
We haven’t tapped the channel resistance yet, but with this aggressive upward momentum, a test of that top trendline looks imminent.
Key level is $83k. A push past that gives us a higher timeframe break of structure (BOS) and completely invalidates the bearish thesis.
Until then, my overall bias is still bearish and I’m watching for a rejection to play the bounce.
$MSTR was initially able to fund its Bitcoin buying spree by selling shares at a premium. Now it's forced to issue preferred shares with an 11.5% yield. Since MSTR has no earnings, this obligation can only be satisfied by selling more preferreds, discounted common, or Bitcoin.
The biggest mistake U.S. investors can make is holding too much cash. Sure the U.S. stock market is overpriced, but so is the dollar. A weakening dollar, and the monetary and fiscal policies that will drive it lower, will support nominal stock prices. Own gold and foreign stocks.
America was founded by rugged individuals who created government to secure their rights and leave them alone. Americans today want government to violate other people's rights, steal their stuff, and give it to them. The home of the free has become the land of the freeloader.
@saylor Sure there is. There are 2.1 quadrillion Satoshis. That's enough for every person on the planet to have several hundred thousand, which is several hundred thousand more than anyone needs.
@saylor If you can keep this pace up for another year you will waste another $80 billion buying Bitcoin and make all the whales who sold you theirs much richer.
$BTC 1D
Our bearish retest is going perfectly.
RSI bear divs, bear price action (volume down + price up), & complete reset of MACD.
All of that said, price is retesting prior support as new resistance.
Let’s see how today closes!