This is what wall street #FOMO for $BTC looks like

Source: https://citizenwatchreport.com/this-is-what-wall-street-fomo-for-btc-looks-like-we-are-falling-for-the-same-scams-from-25-years-ago-it-will-end-the-same-way/
Published: Nov 25, 2024
Author: Horse
Post Date: 2024-11-25 15:34:03 by Horse
Views: 342

. Michael Saylor is becoming noticeably desperate. We are falling for the same scams from 25 years ago. It will end the same way

JustDario 🏊‍♂️ @DarioCpx

This is what Wall Street #FOMO for $BTC looks like

Chris Kros @iwillsurvive100

All I know is MSTR is the top performer in the 500 ytd because of its financial engineering scheme where returns to are paid to earlier investors with capital from newer investors and not profits from its“software business”. This isn’t prosperity, it’s a ponzi. Crazy times smh

Minsky Moment @BP_Rising

As Minsky mentioned yesterday, the MicroStrategy $MSTR short would consist of multiple scale-in entries - starting with smaller size (knowing of course there would be an attempted squeeze).

Minsky has taken the second at $428.

Deja Vu is coming for P.T. Barnum.

Poster Comment:

TEN MORE TWEETS AND CHARTS AT SOURCE. THEY ARE ENOUGH TO CONVINCE ME THAT CRYPTO IS IN FOR A PUMP AND DUMP.

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#1: Horse    To: Pinguinite, Esso (#0)

please take a look at the rest of the article at the source. Looks bad for crypto. Also look at that earlier article on Lutnick and Cantor Fitzgerald setting up crypto pump and dump.

Horse posted on 2024-11-25 15:36:27   Reply   Private Reply

#2: Esso    To: Horse, Pinguinite, Dakmar, Sling Blade, 4um (#1)

Crypto currency is something I just can't wrap my head around, no matter how many times it's explained to me.

My Godson, SB, is running several minor-crypto mining machines, but for the life of me, I can't see how expended electricity equates to a profit without an input of labor like digging up gold and having something tangible in the end.

Understanding crypto, to me, is not unlike knowing what Dr. Kimmy is going to want to eat when she's here. I got really lucky last weekend, in more ways than one, but it took some really irrational, and spur-of-the-moment actions to make that happen. Beef, chicken, pork, seafood, American, Italian, Mexican, Chinese, fruit, sweets, flowers, etc.

Three trips to Kroger in six days and about $500, I could've made her anything short of escargot, but I nailed it (read into that what you will). I've got food for about month now. The only thing Kim was a little disappointed about was Dak not showing up on 4um Saturday night. She gets such a kick out of him, I might need to start calling him the boyfriend-in-law. LOL.

I know a hundred times less about crypto.

Esso posted on 2024-11-25 17:04:33   Reply   Private Reply

#3: Pinguinite    To: Horse (#1)

It should be noted that while Bitcoin is near 100k (dropping closer to 90k over the last few hours) Ethereum is still at only at about 68% of it's ATH dollar price.

So BTC is really going up all by itself. The rest of the crypto market is not. I did read bitcoin ETF's are getting a flood of funds.

I did not expect BTC to go up after Trump won as it went up dramatically after Biden's win 4 years ago. If Trump really does trim fat from the US budget, it should strengthen the dollar making crypto cheaper. That is/was my theory.

But many, many obituaries have been written on BTC Before. A great many. BTC has always been volatile so a pull back to 60k wouldnt be particularly surprising or devastating for BTC.

Pinguinite posted on 2024-11-25 17:57:10   Reply   Private Reply

#4: Pinguinite    To: Esso (#2)

like digging up gold and having something tangible in the end.

I could understand the difficulty.

Pinguinite posted on 2024-11-25 17:59:25   Reply   Private Reply