Hit me with your best theory or perspective, #Bitcoin friends:
We've got major ETFs buying hundreds of millions daily, Larry Fink and Michael Dell talking about it, and even U.S. presidents getting involved.
Back in 2021, we hit 69k with FTX, Celsius, and BlockFi not even buying coins for their customers.
Now, with all this massive interest and buying pressure, why aren't we back to 70k or beyond? Genuinely curious of your perspective.
Regardless, I’m all in, and not worried about the price - genuinely want to hear your thoughts.
Where's the real green candle?
My dog ate my green candle.
Sell pressure from Mt Gox and German govt seem to be the most reasonable theories
ETH suppresses bitcoin. Print infinite dollars create infinite ETH. Sell ETH into the market. Forces sells in BTC. Buy ETH, rinse and repeat.
The $ price is controlled until ETH disappears.
Green candle hasn't happened because shitcoiners keep selling paper Bitcoin to each other -- they can't tell the difference 🫣
Liquidity is the major difference between then & now.
Everyone non bitcoiner I talk to is struggling financially.
The fact that we're so close to an ATH a few months after the halving just shows how stifled the 2021 high was.
I think Germany was pressured by the ECB to dump their sats. They've run out & now price is recovering.
Globsl liquidity is increasing again, it's only a matter of time now.
It may seem crazy and unreal to us, but most people do not fear the repression from governmental market manipulation, intervention and socialism. Worse, the vast majority of people on the street can't answer the question, "what is money?"
Now, more and more are losing trust and becoming increasingly open-minded, and willing to teach themselves, which is reflected in #bitcoin's price. But most are not. It is still very early.
my perspecive is : who cares about all that stuff. bitcoin will do and be what it will be. time preference is 10 years short term, 1,000 years long term
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