Bitcoin bottom here at 20k....? (June 19th)

[JackMorgan]

Load up, Ken. You're welcome

https://www.cnbc.com/2022/06/20/proshares-is-launching-a-short-bitcoin-etf-this-week.html

We've had short bitcon easily for a year or more now. 10 ways to do it too.

yawwwwwwn. must be the bottom if they are coming up with this trash now

 

[JackMorgan]

You misspelled BITO. The literally definition is:
ProShares Bitcoin Strategy ETF (ETF)

GBTC is a joke . They should be locked up .

 

[Paroult80]

Of COURSE we can. But without a stock market to follow, BTC will be a like a lost child wandering in the woods without a guide until Tuesday morning at 9:30AM ET. BTC lost it's status as a thing when it became pegged with the US stock market. I am assuming this path started with the Luna/Terra disaster, and the whole system started showing a glint of vulnerability.

It is no longer a leader...It is now a follower. A slave of the big bad US equities.

Good analysis. Thanks

 

[MrMuppet]

GBTC is a joke . They should be locked up .

I'm waiting for the day that you'll be telling us what isn't a joke, who shouldn't be locked up and what is a fair market in which people aren't fleeced by con men XD

 

[KCalhoun]

COIN daytraded it, huge run

 

[JackMorgan]

This is why we hodl

congrats to all !

 

[JackMorgan]

I'm waiting for the day that you'll be telling us what isn't a joke, who shouldn't be locked up and what is a fair market in which people aren't fleeced by con men XD

hold your breath

 

[The_Krakenite]

Seems I timed MicroStrategy perfectly...

If only all my equity derivatives could do the same....

 

[MrMuppet]

hold your breath

Didn't expect anything else from you...you're such a monkey XD

 

[KCalhoun]

Main plus was big COIN breakout this morning.... I alerted my room members premkt