Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
Not excited at all.
ETFs are allowed by SEC so that the powers that be can sell something they don't have (bitcoin) by pledging something they have in unlimited amount through the $$$ printing press. By creating unlimited amounts of paper gold they controlled the price of gold. They'll attempt to do the same with bitcoin!
Fiat is dying, and if they can artificially suppress the price of BTC in the meantime, that just gives us more time to stack cheap sats.
That's the way. I remember reading "we're still so early" more often recently on twatter. 2017 all over again?
I honestly don't think right here is "so, so early", maybe like 2003-2004 in the Internet time frame. Those who say we are in the first inning are probably incorrect..in feels like the bottom of the 3rd
.Things will change in a big way if:
1. Bitcoin becomes unit of account in international trade.
2. The leading currency pair for trading and risk valuation becomes gold/bitcoin instead of dollar/bitcoin.
Until that happens banksters will continue to suppress bitcoin price by naked short selling on the 'regulated' markets and whenever they fail bail themselves out by printing more $$$.