Bears, hear me out. I'm ultra-bear on BTC. It's been taken over by the centralized banking cartel, the very thing it was created to destroy. I've been involved in Bitcoin since 2012, back when it was $7.
I got my first Bitcoin playing Seals With Clubs freeroll poker tournaments. The 1st prize for those tournaments was .1 BTC. They were held once an hour, every hour, automatically. I was 13 years old, and had no clue how markets worked. All I knew was that Bitcoin provided a kind of financial freedom that had never existed before.
Bitcoin was released after the 2009 financial crash, so there is no precedent for how its market will react. Bulls looking to push this to maximum possible upside, $14k, have the advantage here for 3 reasons:
1) The Federal Reserve keeping interest rates at 0% until 2022 provides ample liquidity for a market surge.
2) Contactless payments will increase during the pandemic; an optimal environment for cryptocurrency adoption.
3) The majority of Bears looking to short BTC have to buy BTC or a different crypto to buy contracts.
Thank you for reading!
Let's get rich together.
I got my first Bitcoin playing Seals With Clubs freeroll poker tournaments. The 1st prize for those tournaments was .1 BTC. They were held once an hour, every hour, automatically. I was 13 years old, and had no clue how markets worked. All I knew was that Bitcoin provided a kind of financial freedom that had never existed before.
Bitcoin was released after the 2009 financial crash, so there is no precedent for how its market will react. Bulls looking to push this to maximum possible upside, $14k, have the advantage here for 3 reasons:
1) The Federal Reserve keeping interest rates at 0% until 2022 provides ample liquidity for a market surge.
2) Contactless payments will increase during the pandemic; an optimal environment for cryptocurrency adoption.
3) The majority of Bears looking to short BTC have to buy BTC or a different crypto to buy contracts.
Thank you for reading!
Let's get rich together.