genXalpha on Nostr: #bitcoin “crashing” due to Mt Gox…? What you need to know about BTC: - is ...
#bitcoin “crashing” due to Mt Gox…?
What you need to know about BTC:
- is extremely illiquid (cuz #HODLs typically don’t sell) - as such, a lot of selling can & do dramatically impact current pricing
- ETFs now enabled Wall St price manipulation. But it’s only short term as long term short positions always - ALWAYS - get crushed
- so short term pricing for a pristine asset matters not
- fixed supply. Unlimited demand. Economics 101. Simple supply & demand
Bitcoin. Self sovereignty. Financial independence.
What better on the #4July?!
What you need to know about BTC:
- is extremely illiquid (cuz #HODLs typically don’t sell) - as such, a lot of selling can & do dramatically impact current pricing
- ETFs now enabled Wall St price manipulation. But it’s only short term as long term short positions always - ALWAYS - get crushed
- so short term pricing for a pristine asset matters not
- fixed supply. Unlimited demand. Economics 101. Simple supply & demand
Bitcoin. Self sovereignty. Financial independence.
What better on the #4July?!