I will be a little sweeter than John in my reply.... It all comes down to this. At the most fundamental level, do you want to use a currency that the government has full control over? Do you want to be subject to constant devaluation and random printing? Do you enjoy knowing that your country has the power to bomb whoever they want without even trying to get you to agree and pay for it because they just print up the difference? Using fiat currency is like being a slave, and your slave master makes all the decisions for you. Every person who shits on Bitcoin is literally fighting to be kept shackled. Only the top 0.1% should be fighting to keep this system that they benefit from. The rest of us 99.9% of the population have been greatly harmed by the current system. So please really learn about what you are fighting for when you fight against Bitcoin.
Yes, I keep hearing that Bitcoin moves with a lag, so I think everything you say is highly likely, and certainly what I'm hoping for. But I also worry that this cycle is yet again cut short. Last time it was FTX and all the blowups, and this time around, it might be Trump crashing the economy. Dr. Jeff Ross, over on his new channel, has also just turned bearish, based purely on the data. There absolutely can be a change in the next few weeks, but so many indicators right now are pointing to a difficult next few months, so we might all have to wait a little longer.
March 4th-6th came and went, though it did make a spike low on the 4th. Next time windows March 12th-14th and then March 25th - which, at the moment, looks the most promising. As for price, wave 4 appears to be a ABCDE complex correction with only A, B and C complete so far with the red rectangular zones below current levels. Patience pays.
Trump and his team don't want to crash the (global) economy or cause a recession, it would hurt their own personal lives and businesses also This post went viral (B/Medicare is Medicaid) What's their plan? it's diabolical and evil to the lower class of the economy the ones that do not own stocks, RE or any asset... but seems logical if true
Liquidity, such a complex topic, but everyone saying global liquidity is growing, makes me happy, I'd prefer to believe it Let's take for example the Wisconsin pension fund buying hundreds of millions of $ worth of bitcoin, and recently read CalPers (California Pension fund) doing it as well Where did they get the liquidity? did they sell other holdings or did they use part of their margin capacity by using other asset holdings as collateral to borrow and buy bitcoin? Blackrock ibit has $50B nav, where did it come from? I'd guess most of the buyers are using their available margin, but it's only my opinion US supposedly doing liquidity injection since a couple of weeks ago, that's probably through the Fed and banks expanding their balance sheet, I don't know way too difficult for me to grasp The video below has good discussion on the subject, especially the first 5 minutes or so
Yes, I saw this comment which captures exactly what you are saying. The fact that we need the top 1% to have money so they spend and stimulate growth is absolute horseshit. The top 1% have benefited the most and they should not be part of the solution. The only solution, which goes completely against what bitcoin needs mind you, is no more printing, no more spending, and let the chips fall where they may. Let asset values collapse, and let the free market value the cost of food and transportation and housing, etc. This of course means we need to price everything in a form of currency that the government doesn't control, so obviously bitcoin still has the central role, but it would likely collapse first. This if of course what bitcoin is going to do, but the sooner the better in my opinion. No more spending billions on stupid rockets to mars that we don't need, or pumping hundreds of billions into AI simply because all of this money is floating around.
Agreed that its all too difficult. I'm kind of shocked at how low of a price bitcoin still has. One of the accounts that I follow which is against Bitcoin did make an interesting point in that 2 years ago, before Bitcoin had this strategic reserve, and before it had the ETFs, price was 69k. And now, after all of this, we are at 86k. So I cannot argue with this. Saylor has bought so much, and the ETFs have bought so much (granted, much of this might have been rotated from GBTC), but it still makes you wonder why is so much supply available. Adam Back does make the point that sellers can only sell once, and I still absolutely believe that when a supply shock comes, it will be the moment that Gamestop never had because it relies on a system that is fully controlled, unlike Bitcoin that trades 24/7, and much of it on exchanges that cannot be shut down. But its still shocking to see so much advancement for Bitcoin in terms of adoption, and yet not that much of an increase in price. I don't like all of this OTC trading because there is no transparency where those coins are coming from, and with Coinbase controlling so much of the OTC market for the ETFs, I do really wonder if that isn't a bomb that will one day go off. Anyway, rant over.
I'm assuming that's mstr, too little time, but I hope it goes up, I have June mstr calls for short term Yea but he has a real estate corporation that will get destroyed if the economy crashes as it's the industry that is most sensitive to recession and same with Musk and Tesla business and other businesses It makes sense for them to print money and pump the economy which will help all assets, stocks, real estate, corporations, luxury EV's, bitcoin and crypto assets