Oddbean new post about login | logout This pump is fake and gay and everyone who is taking it seriously as a "bull market pump" is retarded. There's no real change in adoption that justifies it. On-chain activity is a ghost town. Price is pumping for the exact same reason DOGECOIN is pumping: bitcoin is still mainly traded as a speculative memecoin, despite whatever maxis try to paint it on their podcasts. Rant over. Until we meet again.
So basically we're screwed?
If this is a fake pump, I can't wait for a real one.
Lol, a fake pump. The largest $$ pump in history just happened.
Hope you consider posting around here more often again 🫡
These past couple of months have been crazy. Run my 1st half marathon, got married, bought a house, moved out of the city. There are short periods of your life that are worth a lifetime.
CONGRATS!
🔥🤙
Bitcoin is not a stock. It’s a measure of how shit everything else is getting.
So by your logic, bitcoin got shittier than doge this week? 🤔
The 1.1 billion usd inflow onto etf's would say otherwise. Once can easily buy 1B worth of Bitcoin in a single tax for low volume on chained with a batch tx....
When you sell early and miss bitcoins biggest green candle? 🤔 nostr:nevent1qqsr3txa9a8n94k5gpte0dswkv23sy5pzt6k5n4svuna25lc9kn3g9gpz9mhxue69uhkummnw3ezuamfdejj7q3q6r0tl8a39hhcrapa03559xahsjqj4s0y6t2n5gpdk64v06jtgekqxpqqqqqqzwp7wul
You are right, I’m selling all my sats. 🤦♀️
Happy to see you returned to leave us with this gem 🫡
Study Bitcoin! https://etfdb.com/themes/bitcoin-etfs/
https://image.nostr.build/a1179bb7f3e933c628903889fa6e7575b6b8af2c1628f6f928fa0ddf570cdd68.jpg nostr:nevent1qqsr3txa9a8n94k5gpte0dswkv23sy5pzt6k5n4svuna25lc9kn3g9gpzemhxue69uhk2er9dchxummnw3ezumrpdejz7q3q6r0tl8a39hhcrapa03559xahsjqj4s0y6t2n5gpdk64v06jtgekqxpqqqqqqz3mrp3g
I don’t think it’s fake. I heard (did not confirm) that there is a massive inflow into ETFs. Speculative? Yes. But this is one way bitcoin grows. The other is through on the ground infrastructure and business adoption. I heard this is also growing in various places. ETFs don’t trade like meme coins - they are long term plays.
Massive inflows into ETFs are massive outflows from bitcoin holders
Of course there will be early comers who want to cash out to buy something like a house
You missed my point. Someone cashing out is just someone else cashing in.
https://i.nostr.build/bFJt2AWGFmPt78bS.jpg nostr:nevent1qqsr3txa9a8n94k5gpte0dswkv23sy5pzt6k5n4svuna25lc9kn3g9gpzemhxue69uhk2er9dchxummnw3ezumrpdejz7q3q6r0tl8a39hhcrapa03559xahsjqj4s0y6t2n5gpdk64v06jtgekqxpqqqqqqz3mrp3g
No idea if you're right but if you are it's for bad reasoning. Short squeezes and bank runs don't need an increase in adoption, they just happen now and then.
Really? If you’re just guessing, you should maybe preface that with “I dunno…” or “just spitballin’ here“ or “Just pulling this out of my ass…“ to couch your superficial assessment. Exhibit: Number of Bitcoin Blockchain Transactions by Epoch For reference, the past halving was in Epoch 417. It’s exploding and we’re seeing between 7M and 9M Bitcoin transactions per epoch, which is higher, way higher, than it’s ever been. https://image.nostr.build/e40bbb6aad412e1d2e601c5a72bd6208429a65650e642d5d98b2446f4cd25a00.jpg
