kneehighs Posted March 11 Author Share Posted March 11 Bitcoin is at $71,000 and Ethereum $4,000 Now that optimism and belief are returning, things will heat up even more Feminine Style . Masculine Soul. Skin In The Game. Link to comment Share on other sites More sharing options...
kneehighs Posted March 26 Author Share Posted March 26 (edited) This guy in this conversation always told me "trust the FED" and constantly mocked me buying Bitcoin Bitcoin was at $5K USD at this time. This was March 2020. Bitcoin never went back to $5K ever again after this. Naturally I playfully have to occasionally give him a hard time for his decision to not buy Bitcoin back then. Per usual, most don't understand risk to reward is in your favor when the rest of the world is fearful. Now that Bitcoin is consolidating near 70K, most are becoming greedy. And that my friends has me playing defense now. Edited March 26 by kneehighs Feminine Style . Masculine Soul. Skin In The Game. Link to comment Share on other sites More sharing options...
Bubba136 Posted March 27 Share Posted March 27 2 hours ago, kneehighs said: This guy in this conversation always told me "trust the FED" and constantly mocked me buying Bitcoin Bitcoin was at $5K USD at this time. This was March 2020. Bitcoin never went back to $5K ever again after this. Naturally I playfully have to occasionally give him a hard time for his decision to not buy Bitcoin back then. Per usual, most don't understand risk to reward is in your favor when the rest of the world is fearful. Now that Bitcoin is consolidating near 70K, most are becoming greedy. And that my friends has me playing defense now. Is anyone buying it at this price? Being mentally comfortable in your own mind is the key to wearing heels in public. Link to comment Share on other sites More sharing options...
kneehighs Posted March 27 Author Share Posted March 27 (edited) 18 hours ago, Bubba136 said: Is anyone buying it at this price? Larry Fink, CEO of Black Rock talked about that today. The BTC ETF is the most successful ETF in history. But the ETF is a narrative. Narratives change rapdily. In 2023, the narrative was recession while markets rallied. Even Elon Musk was wrong. Nevertheless, the Bitcoin halving narrative (daily BTC issued gets cut in half) occurs in April. 😕That doesn't address the demand side of your question, but it does address the supply side. Many ETF issuers also can't promote their ETF until +90 days after initial issuance for regulatory reasons. So with 6 trillion in cash sidelined from the 2023/2024 recession, and a supply shock (halving) and demand surge (ETF) you get three new narratives to pump price from. So for me, I'll rely on Technical Analysis indicators to bypass narrative hype. As price accelerates through the Optimism, Belief, Thrill and Euphoria stages of the Wall Street Cheat Sheet cycle, dips get shorter and shorter in time. The shorter the time the dips average, the greater the risk the top is near. Why? Because in the final parabolic stage, dips barely last more than a few days. Coupled with Super Bowl ads for crypto, Coinbase app being #1 in the app store, and multiple mainstream celebrity crypto endorsements the top will be near. But that is for cycle traders (about 4 years according to the liquidity cycles). For those who hold BTC for 10-15 years +, they'll hold BTC into a whole new global financial reset when the USD loses it's default global reserve status Edited March 27 by kneehighs Feminine Style . Masculine Soul. Skin In The Game. Link to comment Share on other sites More sharing options...
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