RE: A Glance at Bitcoin - Why I'm Still Stacking Sats
Dear @cryptomeeks
This market is great at shaking out the fearful and rewarding the strong hands
I kind of believe, that weak hands are already gone. most of them at least. Those who are still on board (since last crash almost 2 years ago) should be considered "strong hands" alreay.
Currently I would see most of selling pressure coming from Chinese investors, who struggle a lot since their authorities are becoming increasingly hostile towards crypto.
ps.
I'm not sure if we can trust graphs any more in current days - especially knowing that central banks can print more money anytime they want and pump it all into markets, causing wave of demand.
Or they can absolutely destroy this demand and increase supply by announcing new level of interest rates.
Yours
Piotr
"I kind of believe, that weak hands are already gone. most of them at least. Those who are still on board (since last crash almost 2 years ago) should be considered "strong hands" alreay."
You must remember that the weak hands that got out, got back in around $10-13k and are already in the red.
"I'm not sure if we can trust graphs any more in current days - especially knowing that central banks can print more money anytime they want and pump it all into markets, causing wave of demand."
I think any manipulation or foul play will show itself on the charts. Price action tells all.
Thanks for the engagement!
Good morning @cryptomeeks
Would you mind if I take few minutes of your time? (I hope I'm not asking this question to often ;)
Anyway .... together with few core members of project.hope team - we'te trying to promote our recent publication: an article explaining economy behind our non-profit community project build on STEEM blockchain.
Perhaps I could ask you to spare few minutes and check it out and share your feedback with me.
I would absolutely appreciate it a lot. I read all comments and I drop solid upvote on each valuable one.
Link: https://steemit.com/hive-175254/@project.hope/3-ways-of-joining-our-efforts-project-hope-economy-explained
Yours, Piotr