So, the FUD list grew with more massive negative news last week, but the 30k floor still hedl, again. I don't think we will ever go below it, taking into account the GME mass-awakening (see below "Endgame: The Unraveling") and this week's epic MicroStrategy event (see event info at the bottom).
Nice to see that despite the massive FUD from the last week we saw a solid hodler-floor of 30k that this time couldn´t be breached.
The massive combined campaign included the FUD regarding:
- Double-spend
- Yellen
- Lagarde
- Tether
- Negative articles
Faketoshi/White Paper
Regulation
'Futures' expiring
Russian 'ban'
Blankfein
Bank of England
People selling to buy GME
Hedge Funds shorting Bitcoin by billions
F2Pool pushing price down
India ban
If you are OOTL with any of those FUD's, just google for example "Blankfein + Bitcoin"
This guy described it well last week:
https://old.reddit.com/r/Bitcoin/comments/l2iw6k/ignore_all_the_orchestrated_fud_buy_the_dip/
Did you buy the dip this time? or still waiting for the "next" one to go on the 20's.
Be honest, if that happens, you would be panic-selling, not buying the dip. That's the nature of people "waiting for the dips forever".
Just do Dollar Cost Averaging and Hodl long-term
https://www.investopedia.com/investing/dollar-cost-averaging-pays/
Stop trying to 'time the market', that's a losing strategy.
Remember, Bitcoin always does this.
"Endgame: The Unraveling".
https://medium.com/@fatherdoctorbitcoiner/endgame-the-unraveling-ccbbb5cd567b
The piece is mind-blowing in many ways, describes the situation that lead to this moment and the few possible scenarios, and have this clear: Any final scenario will be historic.
Bitcoin addressed here:
To prop up the market and prevent the entire financial system from melting down, the Fed will have no choice but to do QE infinity and continue to prop up asset prices and now with Janet Yellen in the Treasury, the debt will be directly monetized in the form of direct payments. This will finally cause the inflation, even hyperinflation that Lacy Hunt has warned about if the Fed were to directly monetize the treasury’s debt. Once inflation starts, like a horse out of a barn, it will be nearly impossible to rein it in without turning into Scenario #1. It will spiral out of control and cause incredible amount of pain to EVERYONE, globally, as every Central Bank will have to do the same if the US Fed monetizes the national debt. Once this happens, people will end up owning bitcoin not out of any moral justification or idealism that maximalists espouse, but because it will be the only thing that people will accept for payment for goods and services as the USD is destroyed as a store of value. This is Scenario #2. It will make Scenario #1 look like the Garden of Eden.
Also, regarding Bitcoin, one of the many ways this is relevant to Bitcoin users is this one:
Robbing Hood is going down, one way or another, next week or next month. There are hundreds of thousands or maybe millions of users holding what they may believe is "Bitcoin" there, it is not, but just an IOU. You can't even withdraw or transfer Bitcoin from there, you have to "sell" it for fiat first.
If you have "Bitcoin" there: DO SO NOW, get out whatever you have in Robbing Hood, in any way, before it blows up. You can continue holding and supporting GME, AMC, etc. on more trusted platforms and Hodling Bitcoin on your own hard wallet ("Not your keys, not your coins") or on decentralized exchanges:
https://defiprime.com/exchanges
Let's warn as many people as we can, it would be a shame we have another Mt.Gox where thousands lose all their life savings due to another centralized massive failure.
Feel free to post this on r/WSB, I was banned a way back for mentioning the word 'Bitcoin' there, I hope that with this mess they start warming up to this decentralized option.
This event will be huge for Bitcoin.
Watch Mr. Saylor describing the event on CNBC.
From another comment:
A couple of interesting bits from that interview:
1) The Microstrategy conference "Bitcoin for corporations" already has "thousands of officers, executives, and directors" going to show up.
2) They are going to publish their "playbook": "all our accounting guidance, legal guidance, all the work we did over the course of months [...] we're going to open-source it".
Read more comments on this thread:
https://old.reddit.com/r/Bitcoin/comments/l2w9g8/michael_chad_saylor_on_cnbc_buys_the_dip_says/
Here's the website:
https://www.microstrategy.com/en/resources/events/world-2021
I already registered, this is the email I received:
Dear XXXXX,
Your registration for MicroStrategy World.Now has been confirmed. Please save this email for future reference.
Registration Details Registrant:
Xxxxx XXXXXXX
Event:
MicroStrategy World.Now
February 3, 2021 - February 4, 2021
Location : EVERYWHERE
Unlock the full value of MicroStrategy World and upgrade to a Premium Pass ($600) for exclusive access to: Priority Scheduling for 1:1 Meetings with Experts Annual Analyst Pass Education Subscription 2021 Analyst Course + Certification Behind-the-Scenes Sessions with Engineering ‘Influence the Roadmap’ and Vote on Features Panel and Q&A with MicroStrategy Executives Upgrade to Premium Pass
For event details please visit our website .
If you have questions, need to make a change to an existing registration, or need any further information, please contact the registration team via email at microstrategyworld@microstrategy.com . Closer to the event date, you will receive an email with your login details for the virtual event platform.
Sincerely,
MicroStrategy World Conference Management Team
No comments:
Post a Comment