Institutional Karma - Bitcoin Strikes Back!

Enjoying a glass of celebratory whiskey, watching the Bitcoin price action. I notice the price touched 19,400$ then dropped... bounce to 19,340$ then drop... finding support made less than a week ago. It made me smile. Why you may wonder? It crossed my mind, I can’t wait for this rally to drive another 50% higher, only to pull back 30%. Seeing the institutional side panic as their leveraged futures plunge. They will learn the lessons many of us long term crypto investors learnt during the last few years! Crypto is volatile, HODL your keys and be happy with 20x from spot prices. If your reading this now, your likely averaged in far below this point. Hold strong, trade, buy the dip but don’t sell with another 2 years of bull market cycle to go! Hold the spot crypto whatever that is, ride your favourite altcoins projects to highs never seen before and take profits into the main store of wealth - BITCOIN. I couldn’t help smile, as this future scenario not too far away comes closer. I’ll be buying that dip... those panic selling institutional whales create, eating up that panic selling bitcoin discount with my altcoin profits!!

Second thoughts We will be above all time $ price highs in less that a week, we all ready are above in all but the major currencies. Remember that, those of you who are privileged enough like myself to buy in US dollar, Euro, Japanese yen, Pound sterling, Australian dollar, Canadian dollar, Swiss franc, Chinese renminbi, Hong Kong dollar and New Zealand dollar.

The majority of the rest of the world has worthless, over printed currencies. Bitcoin is their lifeline as well as ours and will anchor our global financial system.

Enjoy the success of Satoshi’s Vision! 🥃

submitted by /u/MaximusDP
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from Bitcoin - The Currency of the Internet https://ift.tt/2J0BvU8

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