if youre not short $RIOT you basically dont deserve money.
if youre not short $RIOT you basically dont deserve money.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Originally Posted by sonatine
pls elaborate for us neophytes
Yup, as I expected, the non-momentary breaching of the $100 psychological barrier is the start of a second crash.
Wish there were a way to short these things.
Always good to read history. At the time this was a valid point
pls elaborate for us neophytes
I think it broke a lot of support when the stock price fell below $15.
Im not saying its a bad play but not sure Id feel good shorting anything in this space
Just buy a little IBIT, DR. Safe and easy.
I think it broke a lot of support when the stock price fell below $15.
Im not saying its a bad play but not sure Id feel good shorting anything in this space
+$2.52 (+16.97%)Today
holy shit i stand corrected
their fundamentals are hilariously shaky was my point but sometimes i guess thats just not relevant.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
It's "priced in" LOL
+$2.52 (+16.97%)Today
holy shit i stand corrected
their fundamentals are hilariously shaky was my point but sometimes i guess thats just not relevant.
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.
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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
The etf's seem like a huge factor. It is now safe and easy to buy btc in almost any brokerage account. You need not open a new account or a wallet you just buy shares which are held in a bank. I'm personally loaded up with IBIT and Coinbase.
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
The etf's seem like a huge factor. It is now safe and easy to buy btc in almost any brokerage account. You need not open a new account or a wallet you just buy shares which are held in a bank. I'm personally loaded up with IBIT and Coinbase.
some bank just announced its shifting its portfolio guidance to include 1-3% crypto exposure. probably not super relevant here but who knows.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
some bank just announced its shifting its portfolio guidance to include 1-3% crypto exposure. probably not super relevant here but who knows.
Im sure we are hours if not a day or three away from Pocahontas Warren or some other bad actor declaring ownership a criminal offense or some such followed by a 15% price crash. Again not a matter of if but when.
61.5. Ath 68
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Kind of an interesting split today.
You would have made $$ short Riot today. My small miner play HUT too. Both down ~10%
The ETF and microstrategy (lets face it, its a BTC ETF at this point) were up 10%.
Miners not following the underlying commodity. Reminds me of the days when gold would be up 10% on a fed announcement and the miners would be even or down. This is why I dont want to own coinbase or any other derivative plays.
Kind of an interesting split today.
You would have made $$ 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.
theres size moving into 'short $coin / long btc' positions as well.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
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://twitter.com/neiljacobs/status/1763680875223429547
Sonatine started this thread when Bitcoin was $250.
and i'll end it when its $250 again.
btw daly a lot of institutional money cant get into the ETFs because theres a 90 day maturation phase / lockout window before they can ape.
110k isnt an unrealistic number.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
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