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500 mln newly opened futures longs in the last day in Binance. This is calling for a new long squeeze. They missed the train last week, so they will try to catch it in motion. Good luck, n00bs! After they are liquidated I expect next week to get to 50K.
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"It's possible to have more than one reserve currency" — Federal Reserve Chairman https://twitter.com/DocumentingBTC/status/1499072124811685889Is he REALLY hinting about BTCitcoin? I mean, that would be HUGE! First of all, I've never ever imagined BTCitcoin to be adopted as a legal tender by any country. After El Salvador did it, I thought, "may be after 5 or 10 years USA and many more countries will do the dame". But so fast, even before that clown Gensler approves a spot ETF?!? OK, may be he meant something else, but sooner or later it will happen. Hes talking about global reserve currencies. 99% sure hes talking about China's CNY. But what interesting times we live in where Federal Reserve is discussing the consequences of USD not being the (only?) reserve currency. The whole context of his speech was about the benefits of digital variants of the USD. Of course, it is not another currency, which caused many on twitter to speculate that he meant Bitcoin like a digial gold. I wouldn't give more than 1% chance that his was meaning China's yuan. China is an arch rival much like Russia, and it woul look ridiculous to boost their ever falling curencies, especially after the sanctions both for China and Russia. It is more probable to hint about the euro, since Europe is a strategic partner of USA. Anyway, the world is starting to realize the advantages of Bitcoin compared to all other assets and currencies, so it is a matter of time to see more countries adopting it as legal tender or including it in their treasury even more than gold. And then after all this happens, Gensler 🤡 will approve and ETF, weeeee! By that time the price will be much higher than gold's, so the institutions will be very "grateful" to SEC for protecting them so well.  |
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"It's possible to have more than one reserve currency" — Federal Reserve Chairman https://twitter.com/DocumentingBTC/status/1499072124811685889Is he REALLY hinting about BTCitcoin? I mean, that would be HUGE! First of all, I've never ever imagined BTCitcoin to be adopted as a legal tender by any country. After El Salvador did it, I thought, "may be after 5 or 10 years USA and many more countries will do the dame". But so fast, even before that clown Gensler approves a spot ETF?!? OK, may be he meant something else, but sooner or later it will happen. |
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The world is starting to realize the safe haven purpose of Bitcoin.
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"You can flee tyranny, you can flee what ever is being thrown at you with the keys in your head" — @LayahHeilpern on #bitcoin ‘Fleeing tyranny — that’s the fundamental value of #Bitcoin.’ @LayahHeilpern destroying @PeterSchiff on national TV 👏 https://twitter.com/DocumentingBTC/status/1498333983947599889That old fart looks ridiculous. What a dumbass |
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Russians are buyin? Rubla is down 30% today.
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I was having a little hope that the market will be rational and the price would jump by 30% on the news of war, but alas! The market is still far away from being mature and reacting rationally to any news. Since I was in RL crisis during the previous dip to 33k and couldn't buy, now I will use the chance to buy my usual €5K. I don't want to see another dip to 30K or below it, but for me it would mean just more buying. I have no problems with buying the dips. I have problems with not selling anything after a long series of ATH's. Now the sky looks grey and grim, but at the end of the year it may look bright and shiny with new ATH's. And this time I will stick to my guns and not letting my emotions getting in the way. |
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Today @Grayscale announced the launch of a new public campaign to encourage American investors to submit comments on our application with the SEC to convert $GBTC to a Spot Bitcoin ETF. The page includes directions on how to submit comments to the SEC, and additional information about what an ETF conversion would mean for $GBTC. We invite you to share your perspectives with the SEC and make your voices heard! http://grayscale.com/comment/https://twitter.com/Sonnenshein/status/1496107898933583872 |
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After yesterday's Pussin decision to invade Ukraine and get severe sanctions from the world, I expected a bigger dump. Soon the russians won't be able to transfer fiat outside russia, so what is the point in selling their bitcoins? I still think that the downard action in the last months is not related to any news, just the usual margin trade on Binance. Although on all other exchanges there is a sharp outflow trend in the last 2 years, Binance is different. It is not used by normal investors to buy and withdraw bitcoins to a HW. It is used mainly by small fish, trying to double their monthly wages with high leverage longs. The result is that they continue to lose all in a domino effect liquidations, which causes the price to plummet. The question is for how long these idiots will continue to harm themselves and delay the next big bull run. Nobody can predict that, so it is best to continue the DCA strategy. It always prevails the short term roller coaster. It is better to buy regularly and have ready to invest fiat, no matter how low the price goes, than to wait with the hope of timing the bottom.
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Interview with an average margin/futures trader: -What do you do when your mom gives you some money? -I open a 100x long position. -How many long positions did you open in the last year, which was in general bullish for Bitcoin? -10. -How many of them were liquidated? -9. -Will you keep doing that in 2022 and why? -Yes, because I'm more experienced now and this time it will be different. -Isn't it better just to buy and hodl Bitcoin given that it increased in value from 3K to 69K in less than 3 years, and it will certainly go much higher in the next 4 years? -I can't wait 4 years, I wan't lambo now.  |
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What if we define from now on a bear year if it has < 5 days with a new ATH? #it'sgoingUpforeverLaura
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Tbh 1-2 days sick but today almost nothing anymore …. I expect tomorrow running will be an option, full Crossfit later next week…
I hope you came back strongly with short time pray it... ... I'm not sure but the market moving back to see 2018 same style so just need to waith and see what is next.... Impossible. There is no way we're going to repeat 2018. Not sure if you were in BTC back then but just to remind you the price went down around 70%. I'm not operating with exact numbers but just approximately 70% down from $40k is $12k. Don't think any mining could be profitable or long-term sustainable at that price. What could happen for the price to hit $12k today/this year: 1. USA/Russia/EU ban Bitcoin 2. Saylor/Grayscale, billionaires sell their stashes 3. Serious flaw found in BTC (quantum attack?) causing complete meltdown 4. World War 3 starts. So as you see I lied to you saying that it's impossible. A combination of these factors can lead to going really low, perhaps sub $10k. Is it possible? Yes. Is it likely? It's up to you to decide.  Actually 70% from the 69K is $20700. This may happen only if some major catastrophe occurs. If Pussyn invades Ukraine, the markets will crash. But it may not affect Bitcoin as much. On the contrary, the russians will realize that being banned from abroad bank transfers, the only option is to buy bitcoins. I think that we've had enough bear market already. The next bull run has just began and the bears don't have the resourses to hold it back any longer. Whoever had the guts to buy at 33K, congrats. For those that still wait for 20K and less - HFSP! |
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The SEC has just delayed their decision on whether GBTC can convert to a bitcoin ETF. https://twitter.com/APompliano/status/1489730031115030533I wonder why didn't they turn it down like the others sport ETF's? Is it because Grayscale owns a substantial part of all bitcoins and hence the usual arguments about low liquidity, manipulation, etc. are irrelevant? Or may be they just want to get more time to prepare other idiotic arguments, because Grayscale threatened several times that it will sue SEC if they dissaprove their proposal? |
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