Dear fellow readers!
The chart presented above represents my idea of the so called generational buying opportunity of BTC , which recently has come up in the news.
I'm not a professional market analyst nor am I a professional trader and this shall definitely not be of any financial advice.
Do your own research and try to understand the fundamentals regarding any investment you take into consideration.
The websites and projects “advertised” are not mine, nor am I in any marketing or affiliate relationship with them.
Personally I am invested into this project, so of course I am biased, that is why I tell you to get educated and do not just put money in anything,
because somebody on the internet is writing good about it, scrutinise critically and if you are more than confident, do whatever you want for your good.
Regarding the generational buying opportunity, in my opinion there is really not much to talk about, I believe if these or lower levels should be reached before the halving,
the market has bleeded enough and finally washed out the weak, being cleansed and able to reach new highs. At least we hope so :D. Before I forget, as far as I know,
CME or any futures contracts does not directly influence the price of BTC , it’s influencing it indirectly, because the institutions does not have to be invested into BTC .
Okay, that’s downside enough, but it does not directly influence the price of BTC . I guess, the most powerful individuals are the miners. In case of some miners capitulating
and dumping the market to upgrade their mining equipment, which by the way will be delivered between 1st and 10th of dec.
I do have some concerns about the mining industry, recently I was watching a video on youtube concerning the mining industry. It’s a bit confusing, e.g. bitmain develops new miners,
mines with them, develops one or even two new generations in parallel. The old generations are sold to mostly so lalala profitable miners, while bitmain mines with the new generations,
while developing the next generations miners, selling the old used ones, is this even profitable enough. My guess is, it’s not profitable now, but if you are in this business long enough
even semi-professional, you should have been able to accumulate a large enough amount for backup on your cold storage.
Just keep calm, DCA and almost forget about it, this technology in my opinion is made to stay and will not vanish and that's why I guess mining is profitable enough, in case you own a
decent sized operation, I do not mean people mining at home with a small rig, just to hope to get the reward by luck, which of course are very important for BTCs decentralized nature.
Thanks for reading, If you are not conform with anything I write, just drop a comment and feel free to start a discussion, I do not want my readers to believe all I
am writing is fixed on stone, I just try to have a view on the big picture and if I am maybe missing anything, I would be glad to take this piece of information also into consideration.
Keep up educating yourself, take your finances in your own hand, short the bankers and long BTC!
Cheers
The chart presented above represents my idea of the so called generational buying opportunity of BTC , which recently has come up in the news.
I'm not a professional market analyst nor am I a professional trader and this shall definitely not be of any financial advice.
Do your own research and try to understand the fundamentals regarding any investment you take into consideration.
The websites and projects “advertised” are not mine, nor am I in any marketing or affiliate relationship with them.
Personally I am invested into this project, so of course I am biased, that is why I tell you to get educated and do not just put money in anything,
because somebody on the internet is writing good about it, scrutinise critically and if you are more than confident, do whatever you want for your good.
Regarding the generational buying opportunity, in my opinion there is really not much to talk about, I believe if these or lower levels should be reached before the halving,
the market has bleeded enough and finally washed out the weak, being cleansed and able to reach new highs. At least we hope so :D. Before I forget, as far as I know,
CME or any futures contracts does not directly influence the price of BTC , it’s influencing it indirectly, because the institutions does not have to be invested into BTC .
Okay, that’s downside enough, but it does not directly influence the price of BTC . I guess, the most powerful individuals are the miners. In case of some miners capitulating
and dumping the market to upgrade their mining equipment, which by the way will be delivered between 1st and 10th of dec.
I do have some concerns about the mining industry, recently I was watching a video on youtube concerning the mining industry. It’s a bit confusing, e.g. bitmain develops new miners,
mines with them, develops one or even two new generations in parallel. The old generations are sold to mostly so lalala profitable miners, while bitmain mines with the new generations,
while developing the next generations miners, selling the old used ones, is this even profitable enough. My guess is, it’s not profitable now, but if you are in this business long enough
even semi-professional, you should have been able to accumulate a large enough amount for backup on your cold storage.
Just keep calm, DCA and almost forget about it, this technology in my opinion is made to stay and will not vanish and that's why I guess mining is profitable enough, in case you own a
decent sized operation, I do not mean people mining at home with a small rig, just to hope to get the reward by luck, which of course are very important for BTCs decentralized nature.
Thanks for reading, If you are not conform with anything I write, just drop a comment and feel free to start a discussion, I do not want my readers to believe all I
am writing is fixed on stone, I just try to have a view on the big picture and if I am maybe missing anything, I would be glad to take this piece of information also into consideration.
Keep up educating yourself, take your finances in your own hand, short the bankers and long BTC!
Cheers