Dude = Bitcoin; Peace of Mind = Bitcoin; Life In Faith = Bitcoin
If you collected coin at 6700. Good job. I think. I would consider you rather conservative. In the bigger picture BTC is trading very cheap. Can it catch and turn up now. Depends. Key area. We would need a pulse above the daily 21 ema at 7900 and keep it above giving the 3D some legs to work with. The market has gotten used to this type of thing not happening. That said, if you understand Bitcoin, collecting coins at these levels or cheaper is unreasonably cheap.
If you are interested in Bitcoin for the long run....
Remember BTC does have utility ("banked"). You need to be intimate with that. BTC does have store of value. You need to be intimate with that. BTC will not be subject to a collusion of a small group of miners. You need to be intimate with that. Mining is on the cusp of becoming much cheaper. You need to be intimate with that.
The Fed cannot cut deficit spending. The Fed cannot reduce it's balance sheet in any meaningful way. The dollar is against the ropes given the support system it has come to rely on.
The CME and Bakkt are not responsible for any of the recent dynamics in the market. Please think for yourself in this regard.
If you collected coin at 6700. Good job. I think. I would consider you rather conservative. In the bigger picture BTC is trading very cheap. Can it catch and turn up now. Depends. Key area. We would need a pulse above the daily 21 ema at 7900 and keep it above giving the 3D some legs to work with. The market has gotten used to this type of thing not happening. That said, if you understand Bitcoin, collecting coins at these levels or cheaper is unreasonably cheap.
If you are interested in Bitcoin for the long run....
Remember BTC does have utility ("banked"). You need to be intimate with that. BTC does have store of value. You need to be intimate with that. BTC will not be subject to a collusion of a small group of miners. You need to be intimate with that. Mining is on the cusp of becoming much cheaper. You need to be intimate with that.
The Fed cannot cut deficit spending. The Fed cannot reduce it's balance sheet in any meaningful way. The dollar is against the ropes given the support system it has come to rely on.
The CME and Bakkt are not responsible for any of the recent dynamics in the market. Please think for yourself in this regard.