Hello friends,
Unless you've been living under a rock for the past week or so, you will know that I've turned bearish on bitcoin. In fact, it was my opinion we would see a 4k bitcoin again before a 20k bitcoin and we did just that the other day.
For now, I would say this post is a bit premature, but it is in my opinion the case: we are going to see ~1k bitcoin before a 20k bitcoin. It is also worth noting we may never see 20k bitcoin again.
It is my hope that when bitcoin is at 1k while the halvening occurs you fools will realize it's a totally garbage argument. Halvening is a meme. You need a good stock to flow ratio to have a store of value, but all of the worth that gives to bitcoin already is imbued in the price. Basically what I am saying is that a stead stock to flow and good security is why bitcoin reached 1 dollar. It is not why bitcoin will stay above a dollar. It is the bare minimum we can do, it will not alone take us to the moon. I'm sorry to be the bearer of bad news, but you guys are being retarded out there. Just stop it.
Thanks for reading, don't be stupid,
Shkreli
Unless you've been living under a rock for the past week or so, you will know that I've turned bearish on bitcoin. In fact, it was my opinion we would see a 4k bitcoin again before a 20k bitcoin and we did just that the other day.
For now, I would say this post is a bit premature, but it is in my opinion the case: we are going to see ~1k bitcoin before a 20k bitcoin. It is also worth noting we may never see 20k bitcoin again.
It is my hope that when bitcoin is at 1k while the halvening occurs you fools will realize it's a totally garbage argument. Halvening is a meme. You need a good stock to flow ratio to have a store of value, but all of the worth that gives to bitcoin already is imbued in the price. Basically what I am saying is that a stead stock to flow and good security is why bitcoin reached 1 dollar. It is not why bitcoin will stay above a dollar. It is the bare minimum we can do, it will not alone take us to the moon. I'm sorry to be the bearer of bad news, but you guys are being retarded out there. Just stop it.
Thanks for reading, don't be stupid,
Shkreli
Comment:
also that giant bounce that i've drawn is completely conjured arbitrarily. It's just based on support/resistance theory. It is not my opinion that will happen necessarily - I have no idea. It certainly could happen and classically is the most likely option besides just continuing to vomit down further.
Comment:
currently short, stop loss 6200
Comment:
Current stop 6002
Comment:
stop now 5500. riskless trade.