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0 sats \ 6 replies \ @Aardvark 10h \ parent \ on: Most comments wins 👀 meta
I'll admit that I fall into the "cheap sats" mindset from time to time, but honestly, it's a bit shocking. There's 21 states still deciding whether or not to make a SBR. The US government is trying to find ways to buy bitcoin. There's more and more institutional adoption every day.
My honest guess is that there's just a metric fuck ton of bitcoin out there still that got bought dirt cheap. It's going to take a while to absorb all of that cheap bitcoin.
Or Chinese selling. Or market manipulation. Or we're just wrong about all of this.
I dunno, nothing makes sense
Plus: why is it always on Sunday afternoon/evenings that we get this asinine drop-off-a-cliff falls?
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would you say the real-world conditions for bitcoin (institutions, adoption, educational products, regime change, global insecurity, continued sanctions regime, money supply etc etc) is only 30% more bullish than a year ago?
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If you would have told me all of this a year ago I'd have guessed way over 80k. Hell, we were at 110k not too long ago and it was moving pretty fast too.
I honestly can't guess exactly why we're sitting in the 80s but I think it can't stay this low forever. Something is going to give eventually.
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yeah, same.
Befuddled.
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