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DefiHiller
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buy the dip
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Which memes held up the strongest during this blood bath?
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Short term: - MtGox repayments - Germany selling Long term: - Sony launching a #crypto exchange - Michael Dell tweeting about #Bitcoin - Public companies buying $BTC - #Bitcoin ETF the most successful ETF of all time - Trump embraces #crypto - A state pension bought $BTC - JPMorgan, BNP Paribas, BNY Mellon bought $BTC - Morgan Stanley about to allow its 15,000 brokers to recommend #Bitcoin ETFs to their clients - BlackRock is buying #Bitcoin for 3 of its funds - FASB accounting rules
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Tag a friend who needs to fill this!👇 #Bitcoin
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Over $12 billion is expected to be dumped on the market at any moment. Over the last few weeks, I've been warning people to scale out of the crypto markets. An amount like this, from Germany and Mt. Gox repayments, could easily wipe out any existing buy walls, plunging #Bitcoin to new yearly lows. There's no doubt we're re-entering a bear market, and all the gains made in the last year or so will be reversed. Let's not forget that the entire rise was printed out of thin air and the subsequent FOMO. Not sustainable! What goes up must come down.
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Saw CT talking about how the meme era is over Yep, making money off memes is getting tougher by the day, But that’s just the way it goes Where there's money to be made, there's always increasing competition We've seen the same thing with ICOs, DeFi tokens, and NFTs in the last cycle Adapt, find a new edge, or be left behind Too lazy for that? Someone else will step in and take your spot, and you'll be stuck moaning on the TL about how the market's changed and it's all over
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