if youre not short $RIOT you basically dont deserve money.
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if youre not short $RIOT you basically dont deserve money.
Bitcoin on Fire close to 60k again which brings the ATH back into question now, ETFs haven't hurt
ATH break is all but a foregone conclusion IMHO.
Now it just the matter of what the next one will be.
Its time to think about when to exit and short.
60k now. Hard to believe this doesn’t collapse but at same time I don’t get the sense the media or general population really talking about this so you have to wonder if a lot of casuals about to jump in.
For something that went from 19k to 60k where marketing is key its been relatively quiet. Even the Twitter brigade has been quiet. Two years ago a move like this would have my feed filled with “have fun staying poor”.
I dont think it will collapse. I think it goes on to all time high. The halving will cause a bit of a supply shock which is starting to price in. Then a month or three afterwards the market will adjust and my guess is its back to a higher low. Maybe 40k this time. Something higher than 18k.
Then the process repeats
61.5. Ath 68
Kind of an interesting split today.
You would have made $$ short Riot today. My small miner play HUT too. Both down ~10%
The ETF and microstrategy (lets face it, its a BTC ETF at this point) were up 10%.
Miners not following the underlying commodity. Reminds me of the days when gold would be up 10% on a fed announcement and the miners would be even or down. This is why I dont want to own coinbase or any other derivative plays.
Worth the 6 minutes
So i think there will be ups and downs for the next “40 to 42 quarters” but long term it all makes sense. I think the days of buying at $100 and selling at 10K are over. I do think you may be able to buy, hold for a tripple and sell at the top several times between now and November of 2034
https://x.com/neiljacobs/status/1763...gHUJr6eifBLymg
Sonatine started this thread when Bitcoin was $250.