Re: Firm Support? APR20-$7k, APR19-$3k - Where do you see firm Bitcoin price
Well I was talking about BIG CORP 'smart money', not stupid little people money. R U telling me that your a CEO like MUSK? I don't think so.
I really think you missed the point. I could try again, the question is "Why should the BIG CORPORATIONS, return the $350Billion USD they just lost to BITCOIN"
Your response above has nothing to do with this question.
I really think you missed the point. I could try again, the question is "Why should the BIG CORPORATIONS, return the $350Billion USD they just lost to BITCOIN"
Your response above has nothing to do with this question.They did not loss 350 Billion XD I already said that to you. You need to read more carrefour
All your words are just panic-building phrases.
"BTC Balance Sheets: 42 Companies Hold 1.3 Million Bitcoin Worth More Than $65 Billion"
https://news.bitcoin.com/btc-balance-sheets-42-companies-hold-1-3-million-bitcoin-worth-more-than-65-billion/
Companies hold 65 Billion, but they lost on 20% dump majority of "( I calc about $350B loss in a week )"? You see that math does not work that way? 20% of 65 billion is not 200 bilion?
"BTC Balance Sheets: 42 Companies Hold 1.3 Million Bitcoin Worth More Than $65 Billion"
https://news.bitcoin.com/btc-balance-sheets-42-companies-hold-1-3-million-bitcoin-worth-more-than-65-billion/
Companies hold 65 Billion, but they lost on 20% dump majority of "( I calc about $350B loss in a week )"? You see that math does not work that way? 20% of 65 billion is not 200 bilion?
You seems to see world black and white only. You see 20% dump, you are panicking, bringing 2 arguments that your whole world stand on and forgets about anything other.
Bitcoin is worth 1 trillion. Bond market is worth 128 trillion (data from 2020), stock market is worth 70 trillion. Why would whales not scare away because of this dump? Because they can profit way more from pumping it x10 from now.
I see a 24% dump in a week, that is a bear market.
Have you read this article, its quite good.
https://fortune.com/2021/04/21/is-the-bitcoin-bull-run-over/
How could I be panicking, I already told you I own very little BTC, lets just say its less than 1% of my total crypto holding. Everything is down 10% today, so what I don't care, I never BUY, I never sell. I mined years ago, mined enough, I could mine now, but I don't want to attract attention with high utility usage.
Black&White, you seem to think of the world as Dumb&Dumber.
BITCOIN was worth $1.3T a week ago, now its $900B and dropping like a rock, so what? What do I care?
The USA has $280T in un-collateralized debt, so what?
The stock-market is back by real companys with tangible value. Bitcoin is backed by bullshit, losers, liars, and mental-cases. No comparision.
I never mentioned whales, you did. A whale is some lucky geek that sits on a say 100+ BTC, and can buy/sell and effect the price as they wish, ... so what? You could say the same thing about anything. In BITCOIN world a rich-guy is a whale, in the real-world, rich people hide, and never flaunt their wealth in public. The quickest way for rich to become poor is to flaunt your wealth.
I know people who trade large quantity of BTC, and their biggest fear is Nigerians, find out where they live.
Do you realize that the entire two sentences above that I'm responding to, are generated by a bot, and are generic.
Do you realize how boring it is to hear HATE, panicking, or missing-out, .... over&over.
I think you missed what I told you earlier, over the years I have found 1,000's of BTC in my hobby of cracking, and never once did I even think about 'sweeping' them. I would never spend BTC on an exchange, its something I told myself ten years ago that I would never do, nor have I ever bought BTC, what I have came from early mining.
24% of 1.3T is 950B, this is how math works, we're down 24%, and it was 1.3T at the top; Down $350B and it mostly BIG money ( institutional )
IMHO this most recent bubble collapse was designed to bring in the super rich and rob them, this is exactly how the south-sea bubble ended in Newtons time, and even lost his life savings on that last pump&dump