If we disregard the scary looking nominal price, this BTC rally is just getting started relative to previous rallies on a log basis.
- Most people believe it is currently a bubble, so sentiment has a ways to go. Plenty of buyers left.
- On the Coinone exchange (South Korea) BTC is trading at over $4000 USD.
- GBTC is trading at a very high premium, indicating strong demand from brokerage accounts.
- Thus BTC price has room to catch up to meet either Asian demand, brokerage account demand, or both due to arbitrage.
Betting some change on it, nothing I can't afford to lose.
- Most people believe it is currently a bubble, so sentiment has a ways to go. Plenty of buyers left.
- On the Coinone exchange (South Korea) BTC is trading at over $4000 USD.
- GBTC is trading at a very high premium, indicating strong demand from brokerage accounts.
- Thus BTC price has room to catch up to meet either Asian demand, brokerage account demand, or both due to arbitrage.
Betting some change on it, nothing I can't afford to lose.
Transaction en cours:
That was fun!
Bought at the top, 2700, and watched it correct below 2000. I think it's ready to resume upward. I'm not buying more. The entire position is about 1% of my assets.
Bought at the top, 2700, and watched it correct below 2000. I think it's ready to resume upward. I'm not buying more. The entire position is about 1% of my assets.