Bitcoiners are taking victory laps...
Usually, A reminder to navigate with caution
The markets are crazy, and moves are fast and violent, not just Bitcoin.
Bitcoin spiked over 30k last week on the “fake news” by Cointelegraph about listing the spot ETF, quickly dropping back to 28k after.
Bitcoin shot up to 35k this week because BlackRock's iShares Spot ETF has received a CUSIP number, 46438F101, listed as IBTC on BTCC.
The X feed is crazy how they predicted this would happen, and now they are screaming that the next stop is 100k. It's the same story every time. They were silent for over a year, and now they are back. I had the peak crypto-mania of over 50 readers, and now I have only five this year. Thx to you for reading this shit! It just shows how these Bitcoin influencers operate. There are still excellent ones, but 95% is just bullshit and scammers. Crypto experts → AI experts and back to crypto. You must put at least 200 hours into Bitcoin to get started. If you're not up for that commitment, it's best to stay sidelined, don’t FOMO…
I smell bullshit here, and Plebs possibly again has the role of exit liquidity…
Yes, Bitcoin is a quality asset, but it is also surprising that all the shit is going up in dollar terms (Of course, we only post screenshots where the shit is massively still down against Bitcoin.)
For me, Bitcoin is a safe haven asset (no counterparty risk), but I think most market participants don’t see it that way. I’m in it for the long term…
The long-term outlook still looks exceptionally positive for Bitcoin.
The weirdness is everywhere:
Is S&P 7 all we need to save us? Microsoft has super strong earnings. Keep an eye out for regional banks - more trouble brewing?
Just stay safe and don’t do anything stupid now. Now is not the time to play with leverage or some bullshit shitcoins.
Stay safe and stay hard <3