Craig Wright FORCE TO SELL 500,000 BTC...IMPACT!
so there are several parts to this puzzle that me and others have been agonizing over... most of all THE TIMING OF THE RULING BEING LITERALLY RIGHT BEFORE THE HALVING AND THE POTENTIAL IMPACTS THIS KIND OF MASSIVE DUMPING COULD HAVE ON BTC PRICE AND THE ENTIRE HALVING BULL RUN MARKET SCAPE!
Now let me preface this by saying BTC is manipulated by whales with 10s of thousands of BTC up and down to score self set targets up and down the wall all the time. this is not new. ALSO BTC has been threatened with many severe issues far outwieghing the forced sale of so many closely held coins... that being said, old money and big bank money HATES THIS CRAP! now those of us who know how Robust the ecosystem is know better than to fear this in the long run, but it has made me reconsider things as far as when to really enter a big long position. i have cleared my long position and gone flat for now until we know more about this situation! I am going to play it safe, I was able to limit losses to pretty much fees which is fine, I cannot risk a flash dump of more BTC than the market has seen in a long time and the effects of said dump... that being said, this dump if and when it happens provides us with a unique opportunity to get rebuys potentially wayyyy down low where we want them right before the halving which could be amazingly epic if played out right as i believe some high powered people are trying to position with this legal proceeding (I wont get into why I believe this is a setup play but I have my reasons!) anyways, I said I would update my friends here if something changed and after another allnighter of research this is the decision WE have ALL come to... step back and hodl quite, I have even sold some of my holdings bought back at 3-4k to cash up for the chance of a return to lowish figures before the halving.
we dont have enough information to form a valid conclusion, hence the caution. leverage your conscious, and trade hard in the peaks my dudes and dudettes! be well,
-The Geek-
Now let me preface this by saying BTC is manipulated by whales with 10s of thousands of BTC up and down to score self set targets up and down the wall all the time. this is not new. ALSO BTC has been threatened with many severe issues far outwieghing the forced sale of so many closely held coins... that being said, old money and big bank money HATES THIS CRAP! now those of us who know how Robust the ecosystem is know better than to fear this in the long run, but it has made me reconsider things as far as when to really enter a big long position. i have cleared my long position and gone flat for now until we know more about this situation! I am going to play it safe, I was able to limit losses to pretty much fees which is fine, I cannot risk a flash dump of more BTC than the market has seen in a long time and the effects of said dump... that being said, this dump if and when it happens provides us with a unique opportunity to get rebuys potentially wayyyy down low where we want them right before the halving which could be amazingly epic if played out right as i believe some high powered people are trying to position with this legal proceeding (I wont get into why I believe this is a setup play but I have my reasons!) anyways, I said I would update my friends here if something changed and after another allnighter of research this is the decision WE have ALL come to... step back and hodl quite, I have even sold some of my holdings bought back at 3-4k to cash up for the chance of a return to lowish figures before the halving.
we dont have enough information to form a valid conclusion, hence the caution. leverage your conscious, and trade hard in the peaks my dudes and dudettes! be well,
-The Geek-
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.