Early smaller institutions jumped in but there is not significant adoption. Supposedly, the next wave were & still are onboarding. Likely February is when you will see significant institutional adoption. Also, currently Greyscale discount is super high, so that alone will suck up much demand. The reality is that at these prices, who really wants to buy Bitcoin aside from BTC maxis & leveraged traders? And those are tapped out.
The discount is inversely proportional to price--it's the definition of the lack of demand, you fucking moron. You're like a pigeon playing chess in the park.
You're drooling at the mouth so hard, you can't even hold grasp of basic reading comprehension. Do I need to call the Department of Health Services to make sure you take your meds?
S2F may not be so relevant as in the past The bitcoin block rewards were higher in the past and the miners had to sell mined bitcoins to fund their mining operations i.e. electricity and new mining equipment Now, the bitcoin miners are public companies and they just issue debt and instead of selling bitcoins, they hold in their treasury and acquire more from using cheap money from low interest debt
There is no value, there never was and never will be. It's nothing but the greater fools theory at work. There is zero intrinsic value in cryptocurrencies, it's just one fool paying more than the best fucking fool. Stop believing the hype.
LOL at the drama. I called 10k some time ago. Just based on historical vols. Got a rather large buy in for 24k. You never know. This is the part that separates the traders from the pikers. Watch John. He knows.
After the stock market closed blood red, I figured a repeat of the bitcoin and crypto crash like yesterday, sold 1.5 btc, not much I can't say I'm looking for an entry to buy... Sorry I'm trying to condition my mind of the possibility of a bear market, in which case, next step would be a liquidation of the crypto portfolio to cash except 10 btc
Ive got an eye on your public moves. 10 btc is a significant position. I did move from some alts into btc in the last few days but I just don't see anything extraordinary about this move. I mean, if crypto failed its pretty much the end of the economies in the western hemisphere so its rather hard to see the glass half empty from my position.
I don't want to be completely out without btc. It's insurance in case something big happens, i.e. Turkey announces adoption of btc, or 2 other nation states adopt btc in the same fashion as El Salvador Or a contagion effect in the financial system, heck the Fed rate hikes could start a domino effect Not wishing for it, but hodling that amount of btc will allow me to sleep well at night