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S&P 500
5,240.03
(
1.04%
)
US TECH 100
17,466.00
(
0.29%
)
Dow Jones
38,997.66
(
0.76%
)
Brent Oil
76.49
(
0.61%
)
Bitcoin
56,806.62
(
1.35%
)
Post# of 63491
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EliSmith

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EliSmith

Re: dipbuy post# 62850

Wednesday, 08/30/2023 8:37:14 AM

Wednesday, August 30, 2023 8:37:14 AM

Post# of 63491
The typical cycle of deflating bubbles like bitcoin suggest that after the first big down move frequently there is a 100% rally which bitcoin just completed (15k to 30k) accounting for the action of the mining stocks. INTV cannot be reliably predicted to go along with the others because of lack of liquidity. I am not making excuses for INTV. IMO bitcoin etf's will at first appear bullish but will end up being bearish just like bitcoin futures. How much higher would bitcoin be if there were no futures? Etf's are just one more way to control bitcoin.
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