Is it going to be Apple or Oracle? This 2021 bitcoin narrative
is really getting out of hand. Its to good to be true. Is a $10
trillion bitcoin MCAP really a easy layup? It sure sounds like it.
This mania makes the 1999 Nasdaq bubble almost laughable. This is
10 times more seductive and dangerous. I can only imagine how many
people have capitulated and gone all in with 2nd and 3rd mortgages
because the narrative is so mesmerizing and hypnotizing. There has
to be something out there that the bulls are missing here cuz there
is no way the government is going to let bitcoin go to $1 million
per coin with every corporate treasury in the world filled with
bitcoin instead of fiat paper. Good luck to all and hopefully we
get a nice big pullback soon. This is so crazy.
Sad that it is no longer a narrative, particularly with Elon
blessing it now. He's playing with house money and has the
following. Look at Telsa, each car would have had to sell for
millions of dollars to be worth this valuation. But this market
doesn't care, we raise targets more and more. The Fed could do
something, but it may Bitcoin may be $200-$300k by then. Self
fulfilling prophecy with funds and now companies deciding to buy it
and accept it. Certainly a sad movie to watch. Supply and demand
says that is the price. The longer things sustain themselves, the
more people seem to forget the past busts. We now have 5 gaps below
in the $SPX just from the past week or so. Truly amazing.
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Is it going to be
Posted by goldnice on 9th of Feb 2021 at 10:48 pm
Is it going to be Apple or Oracle? This 2021 bitcoin narrative is really getting out of hand. Its to good to be true. Is a $10 trillion bitcoin MCAP really a easy layup? It sure sounds like it. This mania makes the 1999 Nasdaq bubble almost laughable. This is 10 times more seductive and dangerous. I can only imagine how many people have capitulated and gone all in with 2nd and 3rd mortgages because the narrative is so mesmerizing and hypnotizing. There has to be something out there that the bulls are missing here cuz there is no way the government is going to let bitcoin go to $1 million per coin with every corporate treasury in the world filled with bitcoin instead of fiat paper. Good luck to all and hopefully we get a nice big pullback soon. This is so crazy.
Sad that it is no
Posted by fundamentalvalues on 10th of Feb 2021 at 07:35 am
Sad that it is no longer a narrative, particularly with Elon blessing it now. He's playing with house money and has the following. Look at Telsa, each car would have had to sell for millions of dollars to be worth this valuation. But this market doesn't care, we raise targets more and more. The Fed could do something, but it may Bitcoin may be $200-$300k by then. Self fulfilling prophecy with funds and now companies deciding to buy it and accept it. Certainly a sad movie to watch. Supply and demand says that is the price. The longer things sustain themselves, the more people seem to forget the past busts. We now have 5 gaps below in the $SPX just from the past week or so. Truly amazing.