Is the crypto winter over?

schizo said:
Now that dude's smart. He probably got roasted in 2022 and he ain't taking no chances this time. :)
More...

This could be related to those other whales selling (most) of their bitcoins to buy back the bitcoin spot etf's...

NoahA and others chimed in that it has a lot of advantages, rather than sit on massive amount valuable coins that can be a security risk (personal harm and other stuff)

I can see it and understand it, too, and if they're leaving 25% or even 10%, still a massive amount of bitcoins

I no longer think it's a bad idea and allows for many other options in the financial and legal system

On the other side of the coin, if they are buying the bitcoin spot etf's at some point the money will flow back to btc price albeit some time lag
 
schizo said:
We're way oversold ATM. I think we will likely head back up to 64K and very possibly higher.
More...

I'll be back, when things are settled down, going back to sleep, lost 25-30k of potential profits from the high, closed limit 62,100
 
Just put in 2000 point tail. We'll be rocking higher now. All hands on deck!

upload_2024-3-5_12-2-27.png
 
Well, lost over 20K today, but them's just paper-losses. :sneaky:

Not going to lose sleep over it, in fact, doing some more homework tonight in case the slide continues tomorrow I may try to take some advantage of it. :fistbump:
 
long said:
2010? So this whale has been cussing himself after missing the first chance he had to sell it at that price and wasn’t gonna let the next opportunity slip by. I can relate.
More...

Since the bitcoin etf's have launched some whales are rumored to be selling most of their bitcoins and buying etf's so they do not have to worry about security, i.e. lost private keys, system hacked or tortured to death

Also, this opens a lot of options on the financial system, i.e. margins, loans, diversification to equities, estate planning

sell 80% of 10,000 bitcoins stash is $500M, probably get some nice treatment from Blackrock or Fidelity or some other etf issuer i.e. tax and wealth management advise

on a related note

https://www.businessinsider.com/bit...-popescu-drowns-leaving-behind-fortune-2021-7

https://www.breitbart.com/tech/2022...pto-billionaires-have-died-in-the-last-month/
 
johnarb said:
on a related note
More...
Holy crap... this is scary stuff.

If there are 10k bitcoins made available every few weeks, that will certainly provide ample supply to satisfy the inflows. It might also dull this rally, but in the long run, bitcoins more widely distributed is actually a very good thing.

You gotta also wonder about Max Kaiser. He is such a prominent figure in this space, and since he was around when BTC was $1 and telling people to buy, I can't imagine how much he has. He must have a target on his back as well.
 
NoahA said:
Holy crap... this is scary stuff.

If there are 10k bitcoins made available every few weeks, that will certainly provide ample supply to satisfy the inflows
More...

The funds are going back to bitcoin spot etf's minus long term taxes due, so it's still going to push the price back up after funds are settled
 
You must log in or register to reply here.
Back
Top