#bitcoin “crashing” due to Mt Gox…?
What you need to know about BTC:
- is extremely illiquid (cuz #HODLs typically don’t sell) - as such, a lot of selling can & do dramatically impact current pricing
- ETFs now enabled Wall St price manipulation. But it’s only short term as long term short positions always - ALWAYS - get crushed
- so short term pricing for a pristine asset matters not
- fixed supply. Unlimited demand. Economics 101. Simple supply & demand
Bitcoin. Self sovereignty. Financial independence.
What better on the #4July?!
genXalpha
npub1u2…76k2c
2024-07-04 18:28:36
Author Public Key
npub1u25zy7qxfcyph2vve05sjgemzsr7zc20fskytedgh90x7elguvksw76k2cPublished at
2024-07-04 18:28:36Event JSON
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"content": "#bitcoin “crashing” due to Mt Gox…?\n\nWhat you need to know about BTC:\n- is extremely illiquid (cuz #HODLs typically don’t sell) - as such, a lot of selling can \u0026 do dramatically impact current pricing \n- ETFs now enabled Wall St price manipulation. But it’s only short term as long term short positions always - ALWAYS - get crushed\n- so short term pricing for a pristine asset matters not\n- fixed supply. Unlimited demand. Economics 101. Simple supply \u0026 demand\n\nBitcoin. Self sovereignty. Financial independence.\n\nWhat better on the #4July?!",
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