Bitcoin Price Thread
- Thread starter Magna
- Start date
I will say this does seem true (I won't comment on the junk part).
Bitcoin does seem to fly when the liquidity is flowing left & right. As soon as the talk of rates going higher appeared Bitcoin has been sluggish at best & has done nothing but put in lower lows. My guess is when the Fed finally does cut rates (or the 10yr goes below 4% again) and the liquidity flows once again BTC will skyrocket to $100K+.
Are you trying to compare US government to a offshore company ran by a few people from a laptop in a hotel room that allegedly manage $100B+?
Not only a laptop. And duct tape. Don’t forget the duct tape.
There are always new suckers.
Anyways, the guy who shilled Bitcoin at that stadium got booed hard... So we might be running out of new suckers to buy into our ponzi scheme. The collapse is near.
However there are a lot of liquidations from degenerate leverage traders as well so there is reasonable hope for an exit pump.
there is more than $10B of estimated liquidations if price goes from $60K-ish to $70K, so a potential squeeze is possible. But if price goes above $70K you sell everything and get out before it collapses completely.
I don't think $100K is coming. The risk to reward is just not there anymore. Bitcoin is now becoming high risk, low reward. The opportunity will soon favour short-selling.
We have ETFs, the halving is already in... there is nothing more coming for Bitcoin. Tether printed like $50B to pump it's price hard this year, but the hype ain't coming back and people ain't falling for the scam anymore unfortunately.
Eventually Tether will get busted and the Bitcoins price will be in the gutters. It will be known as the greatest financial con in the history of mankind, fooling even the alikes of these big investment giants.
Anyways, the guy who shilled Bitcoin at that stadium got booed hard... So we might be running out of new suckers to buy into our ponzi scheme. The collapse is near.
However there are a lot of liquidations from degenerate leverage traders as well so there is reasonable hope for an exit pump.
there is more than $10B of estimated liquidations if price goes from $60K-ish to $70K, so a potential squeeze is possible. But if price goes above $70K you sell everything and get out before it collapses completely.
I don't think $100K is coming. The risk to reward is just not there anymore. Bitcoin is now becoming high risk, low reward. The opportunity will soon favour short-selling.
We have ETFs, the halving is already in... there is nothing more coming for Bitcoin. Tether printed like $50B to pump it's price hard this year, but the hype ain't coming back and people ain't falling for the scam anymore unfortunately.
Eventually Tether will get busted and the Bitcoins price will be in the gutters. It will be known as the greatest financial con in the history of mankind, fooling even the alikes of these big investment giants.
I'm neither for nor against Bitcoin, but what you say here makes no sense. Why the hell would people liquidate their position and get out when there's a short squeeze, pushing BTC above 70K? Actually, that would bring in more buyers, don't ya think?
This I can agree with. If Tether has nothing to hide, there's no reason to drag their feet for this long. And they give the most stupid excuses. A legit audit from one of the reputable accounting firms (and I'm not even suggesting the "Big Four") should take no more than a couple weeks.
Just like fewer and fewer are interested in buying into US ponzi Debt. Japan is stuck as the largest bagholder now.
People short on leverage and get liquidated(their shorts become forced buys) if price goes against them.
BTC market is relatively easy to move so it's like free money, just print the price to $70K and it's guaranteed $10B of buying pressure from forced liquidations alone + potential real buyers.
I don't know whether will it happen. Just saying there are potential liquidations above.