kongz retweetledi
$BTC update
I have not bid BTC. The reality is this coin has done nothing but underperform for the past nine months within an extremely bullish equity landscape. Saylor buys billions every week and nothing happens. I'd rather at least wait for some type of market structure break and an impulse up to consider a local bottom. Any sign of life whatsoever.
I just don't see the point in putting risk behind BTC lately. And I think that view is spreading more and more. There's no volatility to price action anymore. Nobody's interested. The traders are gone and most of the investors are too. There's no more flushes or instant bounces for strong profit, it's just Saylor's slow boring upward grinds every now and the second he stops buying it, it full retraces.
It's not my intention to put out a super doomer tweet, but this is just the reality and this is something I've been saying for pretty much the past nine months. Earlier this year I was saying anytime you think about bidding BTC, just bid HYPE instead and I was right.
The same thing applies now. Anytime you think about bidding BTC, you can just bid HYPE or any decent stock or borderline anything and you're probably gonna outperform BTC on an overall market bounce.
It hurts to hear that Saylor sort of killed this asset, at least for now, but it is what it is. And yes reply to me and let me know that this is a bottom tweet, like you have for all my other bearish tweets on BTC the past nine months. Just a sad reality atm.
Chase@Crypto_Chase
$BTC Critical that price holds low 70K's, that's where I'll bid. Below 70K and it's likely a quick trip back to low 60K's. A liquidity to liquidity trade for old times sake would be wonderful. Doubt we get it, but prepared as always.
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