5h ago: "Something something trend flip. Let's see if wall street still has some coins for sale when they wake up."
JPM enters the room... can't make this shit up eh? ๐
There is three events that will affect the Bitcoin price (the retail market)
* stoopidlines! 95% of the retail order book is bot traded. When the algos send the signal, the bots place their trades.
* Economic events: The biggest one being the halving. Then Chinese new year and a couple more.
* Unexpected economic events: Covid, Hacks or unexpected market sentiments.
Right now we're experiencing an unexpected economic event with JPM.
Went to X to see how bad the JPM / Strategy drama is and it's bad. Like so bad that I wonder what has happened to the Bticoiner ethos. All I see is people having opinions on which wall street broker should be their Bitcoin custodian.
I was there for the first halving. I was there on IRC with everyone else. I was there for the entire time. The things I see now make me very very sad anon. We've lost our ethos and if we continue like this, we've wasted 15 years trying to make a difference.
Wouldn't surprise me if Bitcoin goes lower with this wall street bullshit. But then again, everyone wanted treasury companies, paper shares and co now I guess we have to live with the consequences.
Thinking that the market isn't going to take advantage of this FUD would be very naive.
Which Bitcoin community is that? The custodian community? I dgaf if Bitcoin treasury companies get listed on a fucking stock exchange or if people rather use Strategy for their paper Bitcoin than someone else.