Now, for the first time I want SEC to keep denying those ETF's.
I always despised the idea of an ETF, and I have always looked down on anyone who got greedily moon-eyed excited about prospects for that.
I was quite condident that we are near the bottom. But this morning I've read carefully the thread about blockfi
https://twitter.com/otteroooo/status/1537497403246268416. If I had any illusions that all is good and
BTCitcoin will recover soon, they all evaporated. I'm starting to think that the current price is miraculously high given the circumstances. It seems that all this mass adoption and institutions getting on board in the last years is just a bunch of giant ponzis falling apart before our eyes. This is too bad not only short-term but mid-term as well.
Called it! Well, I don’t deserve credit for this. The situation succinctly summarized in four letters:
Somewhere last month, I saw an intelligent LUNA holder compare the Terra meltdown to LTCM.
Since highly intelligent Lunatics seem rare, it is possible that I was the only person present who understood the reference—or what it meant.
Credit where due. He pretty much anticipated all of this. The LTCM allusion was spot-on, a big ball of predictions summarized in four letters.