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I absolutely concur with your acknowledgement that this era we are in, is beyond what most understand with Bitcoin. I too am very successful and can’t have an in depth discussion with most all the people I know, from those with Uber wealth to those worth many many millions, to those that have $5K to invest…but when the topic of Bitcoin comes up…except, they most all agree for some diversification in Bitcoin makes sense through Fidelity or better yet an ETF traded in the US. Most all of my friends have indicated they’ll put some capital to work in this area once the ETF(s) commence trading. I try to drive them crazy with BTC price movements and articles…I get a lot of groans and friendly jealousy. You hit it dead center! They won’t touch the coin, miners or Coinbase.
The ETF is what they’re waiting for.
I believe Fidelity has a high net worth division that has a desk for Bitcoin and safekeeping already setup, fyi.
When this becomes easy to buy and of course, SEC regulated, then it’s going to sponge money in and into Bitcoin from Institutions, Sovereigns, Hedgies, Arbs,
B/Ds, Individuals, IRAs, 401Ks, Individuals and on and on. I know this side of the business cold. There will be huge short traps and investors on the sidelines will come in to absorb large whale positions. The massive overhang will be bought out into institutional long term hands…
Gee, BR, Fidelity and so forth…
IMO
POST THIS and MIKEY’s POST FOR A HISTORICAL MOMENT COMING!
Thanks Mikey! That was a better clarifying article. Either way, once the ETFs list, which I believe they will, then a sea change event transpires. Additionally, the miners equipment will constantly have to be upgraded and energy costs, etc. hitting their bottom line. I’m truly enjoying the unfolding of this modern day story.
I agree with you with baseless pumping too!! 100%
We’re fine and on the same side of the trade. I’ll find some other solid links for the board, not hype. Wishing you well!
Granted, I didn’t want to make it sound like I supported that, I have another thought in mind and if we were buddies, I’d gladly share it. I just don’t sit back when someone wants to get aggressive, without at the least, having a polite conversation at the outset to discuss the facts. Let’s reset…thanks!
I’m not a bully, you started a post calling me a name! You’re a typical old hypocrite.
I’m pro Bitcoin and buy I dips! I could care less about bashers. I follow the fundamental sea change coming to Bitcoin and hope the kings are well rewarded as they have been of late. Wishing all well, except shorties and bashers!
Read my last link to Michael Saylor’s post and learn something new!
No misinformation at all. The articles I’ve read and the video out by Michael Saylor, recently posted on X, is fantastic and all should see it.
In my keynote at @labitconf I discuss economic wars, the power behind #Bitcoin, why $BTC is destined to be the apex commodity, technology, property, money, & ETF asset, winning & losing investment strategies, management of counterparty risk, & capital markets digital disruption. pic.twitter.com/QP0mHMTBKg
— Michael Saylor⚡️ (@saylor) December 2, 2023
You are full of BS and the board knows it!
I’ve been in this since $300 and smell a chump change guy like you a mile away!
You brag and knock everyone on this board. I’ve been long all along and add me a bunch on dips. Period! Take a chill pill you crybaby and it’s ok you missed this!!
Bitcoin is on the move and that’s not pumping moron, that’s reality!! $47k+
Hahaha
💰💰💰
You add next to nothing on this board but bash and complain. Do something productive so some people can respect you and stop picking on the new guy!
You like playing the nonothing attack game…because you’re not heavy in this…
That’s why you’re angry! Long and Strong!!
Weed said it right… $47k batter up!!
Hahahaha
💰💰💰
No one’s pumping here you loser! You and your no-nothing nutcase deserve each other! Take your half a coin and put it under your pillow and watch it grow.
Grow up before you accuse anyone!
You missed this major move and it shows!!
You need to deflate your childish pump anger on this board! We are happy!
You are angry! Oh well…
Hahahaha
💰💰💰
Very! Those that miss this and not long term holders, have and going forward will be sick, as they are now! Thanks!
Shorty BBQ’d and those out are just plain dumb! Buy the dips and and enjoy the rip!
💰💰💰
Thanks again nosfelle!
Nowwhat, like yourself are trouble making guys and don’t see what I’ve seen or participated other than your continued blather along with missing this major move, as evidenced by your posts! I heard he’s in the place he spends a lot of time.
Wake-up and don’t miss this market, like trunk did and others!
Like I always have said, buy the dip and enjoy the rip!! Hahah
💰💰💰
Yea! That wasn’t why I liked it, but know what you’re saying.
Great Post!
Thanks!
Hahaha
You’re 100% Right!! Your beliefs are the same as mine and have been all along!!
Nice hearing from you blanka!!
Good Luck!!
Thanks Man! Best to You!
I’m liking you Mikey! I plan to be around here for a long time, Thanks! I too, I say humbly, believe that You and some others here, get the product and see what’s coming! The fun hasn’t even begun! Wait till the arbs and hedgies start messing with the shirt side of the ETFs and the games to trap them on both sides of the trade long blast up in Bitcoin and a short cover on the ETF and Bitcoin, will destroy a lot of shorties and make others a bundle!
Make note of this boys and girls!
I’m smiling while typing these this text, Mikey knows why…😁
💰💰💰
Not all, most
I’ve seen stuff, as others have that go full MOMO parabolic and at that point, I’m out and who cares. That’s my bet here at this point. Wishing you well!
I kinda politely disagree with you. Institutional investors in the US, non-arbs, non-hedge funds and similar ilk, Do Not trade overseas m, but in the US markets for a variety of reasons as I stated and for regulatory plus tax issues. The ETFs in the US will carry the liquidity and regulatory rules they need for compliance, Facts.
The old MJ days out of Canada were smoke and mirrors, similar to the debacle in the US. Different products and purposes altogether. This is a special moment in time with a monstrous sea change move.
Retail has basically no clue and no experience in the institutional side or in the brokerage community. I rely don’t care what others do. It’s open markets and I’m long and holding long term. It’s worked out so far and I add on dips. Best of Luck!
I agree with you Mikey!
Considering the action on Bitcoin today and some divergent opinions on the board, things seem pretty smooth in our discussions. It’s nice! Good Luck!
Serious question, serious answer…
Yes, there are spot ETFs in foreign countries to the US, Canada and Europe for example, BUT the US capital markets have the liquidity necessary to trade large numbers and don’t currency conversion problems, let alone regulatory prohibition to invest in a foreign exchange and tax consequences to name a couple. They can arbitrarily positions against the ETFs easily in the US markets. These are just a small of points when addressing your good question. Lastly and most importantly, the US exchanges are the Big Dog on this planet, along with regulatory and liquidity++
That’s why I believe this is going to be something as I used to say on the institutional investing side, a sea change and game changing moment in investing when looking at Bitcoin! The details (not implying anything rude here to you) haven’t sunk or understood properly by retail and others YET! IMO
I can understand the average Joe thoughts and the scenario that if he/she are buying, take some money off the table. BUT, size, scope and players coming I. To the proposed ETFs, I believe will be a game changer. I know the banking and Wall Street sector well and the gold purchases are a substitute for sharing the dollar and a form of asset protection. They, by the it part are prohibited from buying Bitcoin outright, as an un-regulated investment, BUT once the ETFs are listed, a game changer will happen and open the door for potential investment by institutional investors of all types, retail and foreign funds from small to large, and maybe some central banks too! Surprises will be all over the place!
Some retracement on a FOMO move is logical and could benefit a small swing trade…but this is full MOMO and you are fighting the tape for an unknown amount for a profitable short trade. The calls on the charts are not truly applicable on a runner, so let’s see what happens. With dips I’m adding on!
A solid viewpoint!
You got that right Weed on this trajectory!!
Cape Canaveral Launch 🚀 (like that Kick!)😁
Like I’ve always said, buy the dip and enjoy the rip!
I really agree with you on this one!!
Another Dimon, Kramer and so on like call, say they’re selling, to buy cheapies…one of the oldest games in the book!
As Weed pointed out, the taxes are a killer;
and the Risk/Reward for the size of gain against a play money (Vegas) trade is possible, but on a net basis, kinda very dangerous. An old rule, “don’t fight the tape”
Where’s your stop loss point?
Thanks and I’ll look at it.
Your link won’t open, after a few attempts.
We shall see!
What a laugh at you!!!
Yes and shorties in the futures board will have another headache! Imagine those in the the sidelines who were told to flip, all of them missed this! Burn Shorty and Wahhha those who sidelined themselves!
Longs (HODLS) are enjoying bank!💰💰💰
So sorry My Man! Apologies!
Good for you!
Been here since $300 and bought many dips and held.
I will continue to add on pullbacks that make sense to add.
I use a MOMO arb MM model in my work.
Thanks!
You’re on target 🎯 100% Mikey!!
Good Going Weed! 💵💰🚀🛸
Run Rudolph Run!!!
Shorty says, “another margin call” 🗿
HO HO HO!!!