Oddbean new post about login | logout As a #macro investor, it's hard to express how happy this bullish divergence between #bitcoin price and global M2 monetary supply makes me. It supersedes all other macro data and TA nonsense. In short, it is the primest of prime stacking opportunities for the coming 4-5 quarters. Recall that, among other things, the #Bitcoin monetary network is the Great Absorber of Liquidity. I doubt that these fire sale prices will last much longer... 🔥 🚀 https://m.primal.net/Kgtc.png
I hope, You're right (I share this view, esp. on liquidity). I hardly can leave my house without hearing the laughter: 'hey, bitcoin guy! What's going on? Why didn't You catch the 2% yield Banco Santander grants You for Your cash, You arrogant estupido?' But thanks again for Your excellent work, Doc.
Vindication is coming soon. Your neighbors will be asking you for bitcoin advice within the next 12 months.
I'll send them all to You🤣🤣
Please don’t. 🍻
Don't worry. We're in the south of Spain. Will be a big fiesta. They are good people and without real resentiment.
As someone who cut his teeth in my youth in tech support, I would never ever even give a hint of "advice". Once you touch a computer, you own every future problem in their eyes. Now apply that to their money. hell no
I learned my lesson
My neighbors will never know I own Bitcoin.
I'm sorry, it was me, I bought at 56k, that's why we tanked again 😥
Also consider on the technical chart that the 100 week and 200 week MA is making a golden cross right now. We have strong technical support going into October and November. I’m seeing at least 100k by April, and that’s if we are unlikely to reverse immediately after US election cycle.
Just stacked 0.1 more BTC, have a great weekend
The new liquidity clearly didnt go to #bitcoin and stocks, yet it has been rising since July. So, where does the new liquidity go first?
Maxis are smart everyone else is stupid
100% this. And DXY dumping hard. Highly, highly likely that the current dump will remain the last dump at these price levels during the current cycle. Bitcoin is about to fool everyone yet again by looking like ending the bull market and ripping right off after shaking lettuce hands out of their positions. Whales and institutions are buying hard atm.
