The volatility of Bitcoin has reduced significantly. With so many big players who buy and never sell (= stabilize the price), there's no more reason for it to swing by 30-40% a day. Shame if you ask me. But what can we do? Just DCA into it.
I think you’re right there’ll be less left tail downside. But the ETFs also have outflows. It’ll be interesting to see what happens if liquidity gets sucked out the system.
I can’t wait to see what all you geniuses are saying when all things bitcoin blow up or more specifically down some time in the future. Bitcoin and all crypto is a scam looking for a problem to solve.
The volatility of Bitcoin has reduced significantly. With so many big players who buy and never sell (= stabilize the price), there's no more reason for it to swing by 30-40% a day. Shame if you ask me. But what can we do? Just DCA into it.
I think you’re right there’ll be less left tail downside. But the ETFs also have outflows. It’ll be interesting to see what happens if liquidity gets sucked out the system.
Man, that chair/microphone analogy is an elite take on how conviction drives long-term holds. Thanks for resurfacing that.
Also, someone needs to put "it's going up forever, Laura" on a tee. Maybe I'll get it done. LMK if you'd want one.
Thanks for re-sharing. What an enjoyable read!
🤝
Hey Jayden, a small correction (excuse my pickiness but it's important): Microstrategy owns twice as many Bitcoin.
Hey Denis. You’re right. This was a post originally sent to paying subscribers. 🤝
Larry Fink's Bitcoin ETF is junk, as in junk bonds, remember Drexel
I can’t wait to see what all you geniuses are saying when all things bitcoin blow up or more specifically down some time in the future. Bitcoin and all crypto is a scam looking for a problem to solve.
Not sure what you mean.