Another failed pump to encourage bullrun.... Bull and fren pump us up reking all bears selling the bottom. They stop... >it goes sideways They come back, pump millions in again >it goes sideways >it down trends >someone dumps a decent amount >everyone else fomos and dumps before the next guy does
Seriously tho, not trying to be a negative fag but go look at the chart. It's 1 exchange, or group, or person doing the major pumps.
This is just liquidating traders using lower margin. When bears or bulls are making guaranteed gains, there is money on the table.
This anemia will continue until a quarter before a commodity crypto ETF is back on the table. For now we wait for regulations or self enforcement to reign in the trading irregularities that the SEC said they had a problem with at the beginning of January.
Adrian Brooks
GBTC is a bitcoin only commodity. Normies can get exposure to crypto there. I have been in and out of GBTC on fidelity and so can every other boomer.
Sebastian Diaz
We're easily still somewhere between anxiety and denial going by public sentiment
Austin Foster
Their nav doesn't track properly. They do not adjust their holdings like coinxbt. They're also OTC and so most of us can't dump pension money on them.
Jaxon Rivera
GBTC trades at a premium, true, but so do many ETFs. I have had GBTC in my roth IRA and other people I know have had it in a traditional IRA.
Luke Robinson
this entire market is hype driven
the masses have been burnt too bad over the last year or so to have any trust in cryptocurrency and probably won't for years to come. Any dipshit that was going to "invest" has already done so, you're not going to get any fresh blood in here.
So they try to pump, create hype, but no one bites to drive it higher. It'll be like this for the next 3-5 years most likely, wish occasional pumps and then down trends.
yes, several large guys who bought at 8K and don't find enough liquidity to get out.
Lucas Hughes
>if its bullish, it will go up. If its bearish it will go down
Kek Why are u bearish tho?
Luke Fisher
I have GBTC and BTCS just in case one of them does better.
Brayden Hall
Because i only see a few bulls left doing all the work. Everyone else is a cuck, i'm trying to be bullish. I just don't see it, now we sit and wait. Till 'those' ppl come back and pump us another leg up. If they don't come back, then we go down fren.