You like sex, mate? The Bitcoin whales about to bend you over again, you noob Bitcoin trader do not learn $70k incoming, but make sure you keep your short to 60k so you can learn your lesson... again
https://www.coindesk.com/business/2...5MTk4My4xLjAuMTcxODg5MTk4My4wLjAuNjU4NzYwNjI4 Michael Saylor's MicroStrategy Acquires 11.9K More Bitcoin for $786M
I'm a Bitcoin agnostic but I will say this along the line of schizo's points - Bitcoin needs the banks, the banks don't need Bitcoin. Maybe at some future date that no longer will be the case but it is present day reality.
Yes, this is very true The evidence doesn't support your hypothesis Bitcoin itself is only a piece of software and it cannot express a need or want, but I will paraphrase that you meant to say the Bitcoiners and banks and all other participants of the ecosystem, law makers, regulators, and even the POTUS himself (or rather his office) The US banks have been asking (begging) to custody Bitcoin asset and the SEC issued SAB 121, look it up US Congress voted majority to overturn SAB 121 POTUS vetoed it last Friday, or the previous That whole circus above did not involve Bitcoiners nor did we have any option to do so As an aside, the reason the Banks want to custody Bitcoin asset is because they need an asset that has the possibility to go up significantly and has deep liquidity and as a bonus trades 24/7, and allows them to hedge in multiple global markets What they have too much of are US treasuries and other debt instruments that can go down significantly, with very little chance of going up significantly in the same time period Which is why Microstrategy convertible debt issuance are very much in demand, another oversubscribed successful offering, it offers very little interest but trades like a high-tech growth stock I've been in Bitcoin and crypto since 2013, the banks have always banned accounts involved in anything related to Bitcoin and cryptos, but we managed This was our way
Halfway to $70k and halfway to $60k.... but notice how Mr Schizo is quiet, he'll be back to claim victory if bitcoin goes to $60k, but stay quiet in case bitcoin does go to $70k so he can claim later he closed the position for a profit before the runup fake trader, no conviction
Yah, I wouldn't call schizo a fake trader and as for conviction, imo with trading, conviction is a double edged sword. You need conviction in your system, but hold no conviction about prediction. I'm with schiz here, just swing with the breeze and atm its bearish imo. I bailed two days ago on a position (below) held only for a couple of weeks. In this instance CRYP.AX is rising while bitcoin is falling. This is due imo because CRYP.AX has holdings in crypto miners.
Little Johnny always overreacts to my calls because he knows they usually deliver in the end. And whether he likes it or not, we're going down to $60K (and likely much lower IMO) before we make another ATH.