BTC reached the historic high!

N

noblehawk

BTC reached the historic high! Should I sell some for profit? Advice needed! Based on the past experience, the best selling timing is while BTC reaches the historic high.
 
100k seems like a slam dunk. Would not be surprised to see this go unhinged and spike much higher than that before mid '22.
 
Be careful! BTC future does not have impact on BTC spot. and basically BTC spot price controls the show. And they play quite well. laugh. I am quite sure the new future ETF will be slaughtered soon.
 
noblehawk said:
Be careful! BTC future does not have impact on BTC spot. and basically BTC spot price controls the show. And they play quite well. laugh. I am quite sure the new future ETF will be slaughtered soon.
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If the futures spike higher, you can short the futures and buy the spot for an arb trade. So it does have some affect. Gong long GBTC short BITO is in play now, since GBTC is essentially spot at a discount, and BITO is futures based.
 
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I'm often late at recognizing trends, then early with my response. what do i mean- it took me a long time to accept that crypto is here to stay- i now accept that reality. the younger generation uses crypto for gaming, buying stuff, nfts, concerts, etc. plus many coins now offer yield. so i was late. my response was to research crypto coins and figure out which coins actually function the best, which led me to the harmony one coin, which i am now staking for a 10% yield. i won't chase bitcoin, but to quote a wiser man than me, i'm now "irresponsibly long" crypto.
 
ZBZB said:
Do the math. 21 million bitcoin, no limit to fiat money supply.
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There are reasons to be bullish on any crypto, but this is not one of them. Scarcity doesn't drive crypto, hype does.
 
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