"Oh em gee!!! BTC just dropped -10%, the bear rally is in!!"
No. Just stop it. Did you think this road was going to be easy? This is something that will change finance system and possibly even the economy as we know it. So why are you folks so surprised of this volatility? When there's such volatility, most traders lose. So let me ask you... are you a trading or are you investing?
Most of you reading this are here on tradingview because you're interested in cryptocurrencies and believe that in the long term, we are going to the moon. So believe in it and hold your ground. We are here early and soon the world will join. They will see the value and they will join. The price will move up in Kondratieff cycles in a logarithmic fashion. Of course after a major bull run and before another correction starts, you should liquidate some positions.
The retail investors haven't even started yet... Check google trends. The collective society is still traumatized about the 2017 crash to a point where they don't even want to hear the word 'bitcoin'. "Oh isn't that a ponzi scheme?", "Oh I thought that bitcoin thing was all over?" Look around, who out of your family members or friends have some bitcoins under their possession? Or just ask anybody on the streets. The institutional investors just got started. They understand that as day goes by, the flow of money into blockchain and cryptos can only increase. Once a movement for a better solution to an existing problem starts, it cannot be stopped. That has been the pattern of the development of society. And that is how we came this far.
If you've been money managing, DCA-ing to hedge your position you have nothing to worry about. When it drops, you should be happy because it helps you buy cheaper.
Bitcoin is the newest asset class since the birth of Bonds and that says something. This is not a "once in a lifetime" opportunity. This is a "once in a century" opportunity. When we look back 10, 20 years from now, the only regret you're going to have is that you didn't buy enough.
"The institutional investors just got started."
Exactly why people should be worried about...
"If you've been money managing, DCA-ing to hedge your position you have nothing to worry about."
Sure about that?
Bakkt and Fidelity are entering the scene. Is it a coincidence they show up right as Bitcoin is *correcting* upwards?
How would you, as a multi-billion or multi-trillion dollar investment corporation invest in BTC?
Would you buy what you're investing? If you buy what you're investing, you're buying a LOT of Bitcoin.
If you're buying a LOT of Bitcoin, would that not make the price go up? Surely, OTC is a thing, we all know that. The problem is these investment corps need hundreds of thousands of Bitcoin. That would take a LONG time to accumulate without forcing the price to go up, one way or another, OTC or not.
So what's the best solution? Short it into the ground.
By forcing the price down, not only are you accumulating en mass via a short position, but you can also trade the bounces and ultimately buy where your prime buying zone is.
I assure you, this ain't it.
I think theres two ways to think of the institutional investors coming in.
I see why it can be a worry factor but I think if you look at your points from a bigger, longer timeframe, it's not an issue.
OTC of course is prevalent behind the shadows but that really isn't a concern.
The OTC is happening so that they can keep the btc out of exchanges so it doesn't affect the price. For manipulation of price.
Yes they would try and buy cheaper, and of course to do that, they need to bring the price down.
But I don't think that time will come before another major bull run.
I don't think it's a coincidence that Bakkt, Fidelity are coming in at this point but you have to understand, as big as they are, they are trivial in the entire financial space. And their purpose is to provide liquidity to investors and play the middleman so they can take riskless profit.
Just like they did with collateralized debt obligations, mortgage backed securities. I would't be surprised if there's some sort of credit default swaps on cryptos. But that's besides the point.
The point is that the economic cash flow is flowing into this space. No matter how much manipulation is made, the ripple in the water, the big bang in space is growing exponentially.
Consider this, we have 17.7million bitcoins mined, 3.3million left to go till 2140 and an estimated 4million lost.
“The price of any commodity tends to gravitate toward the production cost."
Negative exponential mineability is why bitcoin had such an exponential growth, and as the number mineable coins become scarcer, the price will grow with a lower steep.
The whole point of this post is to see the bigger picture and invest, and not trade if you can't manage the risk.
Investors will win this game in the end, just like the greatest investors of all time did with equities.
Ride an unstoppable wave, and you will be rewarded the moon
atomica
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Great now there are 2 shit cannons. TV needs a block feature this is rediculous
Exactly why people should be worried about...
"If you've been money managing, DCA-ing to hedge your position you have nothing to worry about."
Sure about that?
Bakkt and Fidelity are entering the scene. Is it a coincidence they show up right as Bitcoin is *correcting* upwards?
How would you, as a multi-billion or multi-trillion dollar investment corporation invest in BTC?
Would you buy what you're investing? If you buy what you're investing, you're buying a LOT of Bitcoin.
If you're buying a LOT of Bitcoin, would that not make the price go up? Surely, OTC is a thing, we all know that. The problem is these investment corps need hundreds of thousands of Bitcoin. That would take a LONG time to accumulate without forcing the price to go up, one way or another, OTC or not.
So what's the best solution? Short it into the ground.
By forcing the price down, not only are you accumulating en mass via a short position, but you can also trade the bounces and ultimately buy where your prime buying zone is.
I assure you, this ain't it.