My friend is investing on BTC, Idk..

[Clubber Lang]

There are more reasons for the buying over the last few months, and none of them involve the whales...

BTC and crypto are going up for one reason and one reason only-
The Fed
Same with stocks and commodities and pretty much anything else.

Last I read 22% of every U.S. dollar ever created was made in the last 11 months.
Think about that
There is no price ceiling on anything as long as the Fed is making free money.
Take advantage of it because this is going to end so F-ing badly (whatever year that finally happens)

 

[Big AAPL]

Could you imagine if Biden came out tomorrow before the open and said "I will propose a bill to give the American Public the remainder of the $600 stimulus and increase it to $2000 and declared that the fed would no longer engage federal monies pumping the markets to artificially inflate it...

 

[ET180]

Yet more buyers are buying because they view it as a savings technology.

There are more reasons for the buying over the last few months, and none of them involve the whales...

No, they are buying simply because they want to be rich...they have a $3000 mostly stimulus-funded RobinHood account and they want to have millions next year. It's not the big institutions buying over the Christmas Eve weekend or this weekend when exchanges are closed. It's all speculative retail buyers. #RobinHood is currently trending on Twitter. A lot of people tweeted about a coin I have never heard of called DogeCoin which is trading at about $0.01...up about 30% today. People buying that are not looking for a new "savings technology". We're in a highly-speculative environment sponsored by central banks and government fiscal irresponsibility...so I could see this going on for a while.

 

[maxinger]

- Some bought it after the end of retracement at around 11000 @Jul 2020

- some bought it after it broke the record high of 20000 @16 Dec 2020

- as the price goes higher and higher and higher,
more and more people are tempted to buy at whatever cost.
some bought it at the very high price of 29000 @few days ago.
They are well versed in the concept of Greater Fools theory.

who knows, the price is now going to 50000, 100 000, 1000 000 ...

 

[TimtheEnchanter]

Riddle me this what would have happened if you'd dollar cost average a $100/month ($25 a week) into BTC for the last five years. If you traders are not too familiar with the concept but figure it out. Who cares what happened in march? If you were buying in a disciplined way every month for the last 7 years you'd have been better off than day trading or looking for a funded account.
https://btcturk.medium.com/buying-100-worth-of-bitcoin-each-month-ff29fcfbeef5

 

[Overnight]

Riddle me this what would have happened if you'd dollar cost average a $100/month ($25 a week) into BTC for the last five years. If you traders are not too familiar with the concept but figure it out. Who cares what happened in march? If you were buying in a disciplined way every month for the last 7 years you'd have been better off than day trading or looking for a funded account.
https://btcturk.medium.com/buying-100-worth-of-bitcoin-each-month-ff29fcfbeef5

Blah, one could do that with almost any instrument this past year, not just BTC.

@vanzandt Like GLSI, yes yes nudge nudge?


Dec 8th, a day that will live in infamy!

 

[Daxtrader]

Riddle me this what would have happened if you'd dollar cost average a $100/month ($25 a week) into BTC for the last five years. If you traders are not too familiar with the concept but figure it out. Who cares what happened in march? If you were buying in a disciplined way every month for the last 7 years you'd have been better off than day trading or looking for a funded account.
https://btcturk.medium.com/buying-100-worth-of-bitcoin-each-month-ff29fcfbeef5

Lol. I swear the cringe never stops with you creeptos. Riddle me this. Lmao stfu.

 

[Amatrue]

BTC and crypto are going up for one reason and one reason only-
The Fed

Bitcoin has its own central bank and it's called Tether. Tether prints, Bitcoin rises
https://coinmarketcap.com/currencies/tether/

 

[Specterx]

It's not the big institutions buying over the Christmas Eve weekend or this weekend when exchanges are closed. It's all speculative retail buyers.

I actually don't think so - the GBTC premium (an indicator of retail FOMO) came in a great deal over the last few sessions, the exact opposite of what we saw in the last quarter of 2020. The big pops over Xmas and then the past few days were driven by "someone" gunning the price higher in the thinnest of thin periods.

The air might be getting a bit thin up here, at least for the moment.

 

[trend2009]

is it possible that USDT, the tether, is issued from thin air to pump the btc price?