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I used to think this as well, but not anymore. Because bitcoin price nicely recovered, and because interest rates are 5%, any hole they had has now been filled. Plus, they own so many treasuries that the Fed would I believe work with them. Fed doesn't want a firesale of treasuries by anyone...

Do you put any weight into fiat collapsing? Governments are clearly printing it as fast as they can in order to cover the government spending. So surely you must apply at least a small percentage to fiat currency collapsing. I agree that there is a small chance that Bitcoin could collapse but...

Have you ever heard the phrase that if you aren't long Bitcoin, you are short??? So how is your short position working out??

Ok... Fair enough... But there was no mention of either exiting a short, or going long. Not saying u were shorting, but u expected going below 60k. If now we break ATH in the next few days, then exiting was a bad strategy if you didn't say where to re-enter.

The invasion may come from within...

I wonder if you can share any thoughts on the recent price action? This rally has been impressive off the lows, and we turned at 61k, not being able to break the previous flash crash down to 59k. I'm by no means taking credit for making a good call, but just repeating that if I was waiting for...

Since you state that arbs should be lessening this drop, and it clearly dropped, then it means the arbs aren't working, or are non-existent. You think its a glitch, but I just think its that this is a difficult market to control. This isn't like futures which trades at 1 exchange. Every one...

How is this a problem? Buy some now and you will be winning when its over 1 million. Plus, to be honest, as much as I want to be rich and don't want to work anymore, I would much prefer a system that is fair for everyone. This is the only way forward. We are at the end of having to find our...

I wanted to come back to this post because I came across a nice post which shows the resting orders at several exchanges. https://x.com/HODL15Capital/status/1772072760841318709?s=20 Here is the picture... We can see that at Binance, the liquidity is somewhat thick, and certainly more so...

I assumed it was simply because of the legal right to do it. I know in the photo industry, lots of photographers are mad that AI models are trained on stock images that the photographers got no money for. I'm not sure if in the terms of service this is outlined, but I doubt it since some of...

It seems to me like it there were also levels at 5281.25, and 5280, but those easily broke. This is what I was going to comment earlier, but was curious to see if anyone else actually had something good to say. These areas sometimes are magnets and price bounces off them, and sometimes price...

I know we are having a tremendous rally today, but if you need any more inspiration, this podcast just hit the spot. You can feel how giddy with excitement Nik is. It's not that he is just bullish, but he is bullish because of fundamentals and how money moves. I don't know how people can't...

Quick update on the SOL position. Well, there is no update, and I'm not too worried at all since this drop in Bitcoin and SOL is completely within the historical norms of pullbacks in a bull market, but one piece of news I learned from a podcast did disturb me. So we hit a high just over $200...

Welcome back.... :D I saw a report that for the 19th, the outflows were huge. I was trying to make sense of how they are affecting price, but I honestly don't see a strong correlation. I color coded each day, and matched it on the BTC chart and MSTR chart. The MSTR chart is tricky because...

This makes no sense to me. (I understand it, but why it happened) A seller wants the best price possible. If you start hammering the sell orders, you move price too much, so you end up with way worse fills, as we see. Some very lucky buyers scooped up bitcoin for incredible deals. Its also...

I'm replying to myself here because I recall lots of people saying they are waiting for 10k, and I was one of these guys as well, and ended up chasing the price much higher. At 20k I bought very little, and at 30k, I hated buying more because now I got half as much as I would have at 15k. And...

That's fair, but you have to get this right several times in a row in order to actually realize a return that would be above just holding. Every week I watch another podcast where people cry about selling out too soon. Some guy the other day said he bought a house a few years ago, and holding...

Do you mean yourself??? LOL... I thought you were calling for a possible test of 60k and then back up. This is of course turning out to be a really good call. But you did still think it was going higher. I take it though that you're just interested in bitcoin as a trading vehicle?

This selling does absolutely suck but statistically it is exactly in line with the previous bull markets.

None of these ETFs allow redemption, only selling shares, and then the fund sells coins if they need to rebalance. I had seen people asking on Twitter if it would be possible one day for redemptions of Bitcoin but the answer was that this would require an amendment to how the ETF operates. But...