insatiable appetite for $BTC in tradfi | Pentosh1 on Binance Square

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insatiable appetite for $BTC  in tradfi

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Looks like all the money is going to be made in crypto companies doing IPO's at wild valuations Deeper pockets, more liquidity, higher valuations Another bubble is brewing, another bubble to chase

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One of these days, $BTC is going to break out vs Gold and never look back Fastest growing ETF in history Younger generations will sell their boomer parents gold for digital gold You can always discover more gold, but there will only ever be 21m Bitcoin. Easy to use, easy to move around with This is the breakout that will really send us, not the USD one

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nothing ever happens and if it does, it just V reversals anyways to new ath's thats the way the markets work people are always screaming that the end is near every day of the year, for decades and proven right for a month or so every few years just to see prices higher 2 months later

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$BTC HTF views We are still making higher highs and higher lows, overall this is a strong uptrend on anything from 3D and up. Imo worst case scenario for the trend to continue we see mid 90's as the next HL. That's IF we lose around 101-102k area. Which is the current support I don't really think you can compare this currently to 2021 bc the situation isn't the same at all, we were going into a period then of QT after a period of extreme excess. The competition currently for btc is only growing, and I'm quite certain the demand is greater than the daily mined btc from all data points. So demand > supply over any period of time I think the biggest enemy of people is their own patience, I too make these mistakes time to time -G loudio

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Watching this take place, is basically how I've seen almost every leverage trader blow up over time. Well this one is a bit different. But the gist is that you get into a position, a losing one and you are never willing to let it go. Eventually the market turns against you and you just keep adding collateral to this position until one day, you're entire account is gone In this case he went from $0 on this account pnl to $88m to negative 14m (after continually selling other spot assets in his accounts to add collateral) This was a bit different bc $BTC price really never changed. It's been in like a 2% range and this guy just kept trading poorly getting chopped to 0. He was super $loud on the timeline and yapped a lot which probably brought a lot of attention he didn't need. It's best to trade large positions quitely He's still alive though. If I was him, I'd just take the L and live to see another day. take a step back and start over vs starting from 0

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