Selling Bitcoin?

maxinger said:
as of now, there is no sign BTC futures is going to collapse.

day range has increased significantly since Jan 2021.

well. BTC is going to be like Gamestop.
Hope we can experience and benefit from Tulip Mania #2.
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Every single day, the people involved in bitcoin and cryptos are benefiting.

The experience is surreal but at the same time it's so calm unlike 2017. It does not feel like a parabolic top, yet

Test drove and bought a Tesla yesterday, believe me, there is no waiting to benefit
 
maxinger said:
as of now, there is no sign BTC futures is going to collapse.

day range has increased significantly since Jan 2021.

well. BTC is going to be like Gamestop.
Hope we can experience and benefit from Tulip Mania #2.
More...

I tend to lose count but I think we are in Tulip Mania #7 now. I imagine we will be up to Tulip Mania #12 and all the deniers that missed the biggest investment opportunity in their lifetime will still be crying but, but, but, all those private wallets don't have and aircraft carriers like the $ does. I have yet to see any battleships at the grocery store when it seems to cost me more for the same sack of food every month.
 
NoahA said:
In my opinion, when volatility drastically drops, everyone gets out, and price drops. Nobody needs to hold BTC once they think its not going higher.

If price stayed the same, it wouldn't protect against inflation because you always need it to go higher to buffer the losing value of the dollar. If the value of BTC goes up at a standard 2-3% per year, it would barely entice enough people. If it goes up 10% per year, then heck, that might be a good return, and more people pile into it. But then the 10% yearly increase would explode to a much higher number and we are back to high volatility.

So in my opinion, BTC will never be a store of value. Its a great tool to trade and gamble, but it will never achieve "store of value" status. It only attracts attention when its climbing fast, and when it starts to go flat, it will likely induce selling because lots of players aren't in it as a store of value, they are in it to make a buck.
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I guess Fidelity, JPMorgan, Citibank, BNY Mellon, Standard Chartered, Goldman Sachs, DBS, and DeutscheBank never got the "not a store of value" memo...

https://www.fidelitydigitalassets.com/overview

"BNY Mellon says it is proud to be the first of the large U.S. custodian banks to come out with a service for digital assets. (JPMorgan and Citi are also said to be working on custody solutions for digital assets and crypto, as is Goldman Sachs.)

However, in terms of being the first, Northern Trust, with over $10 trillion in assets under custody, announced a partnership with Standard Chartered to extend custody services to digital assets back in December"

https://www.nasdaq.com/articles/deu...fer-crypto-custody-prime-brokerage-2021-02-12
 
yesterday day range 9474

today day range 9475 (as of now)

It breaks the record again!!!!



Indeed, Elon & Yellen are very powerful people.
 
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Bitcoin tumble

The price of one bitcoin fell as "low" (in the context of the last couple weeks) as $45,750 this morning, as the cryptocurrency continued a slide that was originally sparked by Elon Musk hinting at its overvaluation. The latest drop, however, may have also been the result of Treasury Secretary Janet Yellen saying bitcoin is an "extremely inefficient" way to conduct monetary transactions. CNBC
 
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