What's the actual cause of this BTC bullrun?
And if you're going to say "Muh institutions" at least give some kind of evidence.
Personally, I think it's mostly fueled by people who were previously sitting on the sidelines buying, but this time on huge leverage.
There has always been buying pressure, throughout bitcoins history.
Retail, drug buyers, pedos, and now boomers and hedge funds and chinks trying to protect their money from government seizure. Remittances to the Phillippines, Africans avoiding inflation.
It's not really important to segment them so much. The fact is, Bitcoin is useful, and after one bubble dies down a new one immediately begins to form.
Tether is fueling the bitcoin ponzi
Lost of trust in governments worldwide, people moving towards something they believe will protect control over their own wealth.
Tether dumbass
Bitfinex tether scandal
/conversation
would it be a good strategy to buy at least one of every non-BTC of say the top ten market cap coins to get in early on the off chance they become the next BTC as a buy amd hold strategy? if any of them start rising more quick than the others you can start accumulating but still have a full coin for sure
Combination of tether, manipulating retail traders into fomo, and halving excitement. Expect a 50% correction 14K to 7K seems realistic
>filename
>thot of the month macro
I actually don't care a bit for a legacy DLT but keep on fooling retards into buying bullshit and have fun scrapping bullshit sentiment data. also invest into a lawyer, you will need it EOM
I'm (spot) long BTC but you're right. Way too much FOMO and euphoria without a peep from the general public.
Once all the buyers are in (mostly on high leverage) where's it going to go?
>7000
Tether printer
bots. bots bots bots.
$7k..10k.. who cares.
Point is the rug gets pulled at some point.
>Outdated meme
>filename
>quoting wrong post
You never learn
> big green line up forver
The filename and the attempt to push an outdated meme disqualifies you. You would harvest better results not using any macro and keep it to text, but that isn't the goal here phone poster pajeet
> December 2017...Did Bitcorn even exist then???
Even the Jow Forums shills are better
Must be the the legal costs kicking in so the shills have been 100% replaced from semi professionals to telegram/discord bag holders. SAD
Bots can be manipulates. Since they follow algos, once you trigger the wrong feedback they'll apeshit. It's like the flash crash. But you can also have the opposite.
Remove arbitrage bots from coinbase and other fiat exchanges and watch the prices collapse
>remove arbitrage
You'll get more volatility.
at this point i think the top trading whales have bots that are basically "ai". not like the sci fi shit but bots that learn as they go
>ML
have sex
This is true, but only because arbitrage bots save us when the price is falling too sharply or rising too fast. As the other guy said, remove them and volatility would be insane.
Absolutely yes. There are arguments against diversifying, but all long as isn't a large % of your holdings it's a smart move.