• db2@lemmy.world
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    5 months ago

    Bitcoin doesn’t move like the stock market. There’s no hedge funds to call to naked short a nonexistent Bitcoin Inc in to the dirt. This means nothing.

    That said I’d live bitcoin to go to a penny. I’d buy and hodl. I’d buy and hodl hard.

    That said, fuck Trump. But not literally because his lineage should be pruned.

    • HAL_9_TRILLION@lemmy.dbzer0.com
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      5 months ago

      Tin-foil hat time but I’d be willing to bet they have mechanisms to do something resembling naked shorting with crypto. I have no idea what that voodoo might be, but they conjure shares out of thin air for shorting stocks, and they’ve managed to package crypto into ETFs some-fucking-how so why not. I feel like I’m increasingly noticing that nothing really seems to crash anymore.

    • XeroxCool@lemmy.world
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      5 months ago

      Bitcoin has been moving like the stock market since 2020. Big investors got involved, small investors lost trust in stocks. I don’t fully expect the current halving to cause the rally like all the other times it halved. That is assuming it doesn’t keep bombing shortly after breaking $69,420, what I suspect is a meme sell limit price.