Beautiful | 11-19-2020 04:00 PM | Re: Crypto Blowing Up Quote:
Originally Posted by slokor
(Post 1125687)
Glad I kept HODLing on to mine.
Wonder what all the nay sayers have to say about it now :) | Peter Schiff would like a word :lol:
This bull run will likely be different, so its gonna be hard to time the top
There's a lot more institutional buying this time, and they're less likely to panic sell like the ma and pa sellers in late 2017. To sell your BTC in 2020 it means you go back to your national/local currency, USD EU GBP. Every currency is currently getting devalued from all the money printing due to COVID. Those money printers are going to run even hotter in 2021, especially if the democrats take the US senate in January.
I bet it'l be rare to see institutions selling their BTC in exchange for a crashing USD over the next couple years.
2017 20K bull run was people hype and people buying. This time its big players buying and holding against a devaluing currency.
I think this bull run will be insane as more and more people wise up about BTC.
Check the increasing list of public buyers: https://bitcointreasuries.org/
Tie all this together with the fact that its been 6 months after the latest BTC halving. Supply of new bitcoin mined was cut in half 6 months ago. You can google search bitcoin exchanges low bitcoin supply. Exchanges are hitting historically low BTC supply.
The real question is, what color lambo you going with? :spy: |