pull down to refresh
108 sats \ 0 replies \ @xz 12h \ on: Strategy Acquires $531.9 Million In Bitcoin. What happens when this stops? bitcoin
I think the delay between psychology of market participants and the historical price movement keeps growing. I dont mean the marketcap, just longer delays for the psychological changes to affect charts. Probably also the past few years of growing fomo in precious metals, central banks and retail.
I don't know whether ETFs that have mNAV valuations are schemes devised by bad people but I'd sure like to read into the South Sea Bubble sometime. I guess that probably financed debt which was not all written off by bankruptcy? Marrying global finance schemes with Bitcoin seems to have weakened price volatility.
My guess is psychologically, whenever there will be negative news on paper markets, sell-offs will gyrate the long-term psychology, but short-term and long-term are on seperate trajectories.
Is the music stopping on 21m? I feel we're approaching the stages in issuance and hash-rate when this is just how it plays out.