I'm thinking about a short at ~46K, try to ride it into the high 30Ks. This bets that BTC will move in 50% waves, ie act like a proper commodity.

The 2021 Bitcoin supply shortage

I think it's safe to say we're back to the 40Ks. Feels like a new wave of buyers is here. I'm seeing it as slightly conservative institutional money.

The 2021 Bitcoin supply shortage

This is the kind of thing I got scared about with my short. I need to see how this plays out before resuming my career.

The 2021 Bitcoin supply shortage

Now I'm just long these 10 BTC.

The 2021 Bitcoin supply shortage

That's what he puts out to calm the community? Way to lead Dr. Wright! Dude there's only like 37 of them! And I know crypto isn't the most efficient market, but it doesn't take days to absorb news. The 51% attack isn't a death blow ...

BSV mystery buyer doubles market cap

I put in a limit order to exit at BE. BTC could definitely break into the 40's and I wouldn't want to be on that ride. My new trading career is off to a shaky start.

The 2021 Bitcoin supply shortage

Another insight on this front. Gensler uses a probability-based argument to make the point that crypto brokers (eg Coinbase, Kraken) are dealing in unregistered securities. He says "Out of 50 coins there has to be at least one breaking the Howey ...

BSV mystery buyer doubles market cap

Perhaps it has something to do with this. Robinhood is a securities broker before they're a "crypto exchange" -- they know the deal.

BSV mystery buyer doubles market cap

Shocker that Robinhood offers BSV as one of seven coins. I wonder what's behind that. image Reminds me of the Coins table.

BSV mystery buyer doubles market cap

I didn't even notice! You're really in tune with this stuff!

BSV mystery buyer doubles market cap

Yep! Now I'm short 50 at 40,050. I'm not loving this trade, however. It's still at my entry after a week. It should have fallen by now if it was going to bounce back into the channel. I'm giving it another 24 hours to start acting right, ...

The 2021 Bitcoin supply shortage

Highly doubt it. The great thing about the BSV trade is that it can get no worse. BSV is war-torn and blackballed. Even in the face of a 51% attack it barely falls. The few BSV longs aren't the type to be shaken out by a hiccup.

BSV mystery buyer doubles market cap

I would have lost respect for MIT if those two tables didn't get it right. Awesome video. Strengthens my theory... Gensler knows CW is Satohsi. The fucking SEC Chairman knows!!!! ...

BSV mystery buyer doubles market cap

This is must-see-YT if you want to understand where crypto is headed: video Gensler knows who Satoshi is -- he understands this stuff extremely well. You know he's dancing around because he calls Satoshi a "she". When he admits what he knows, via ...

BSV mystery buyer doubles market cap

Sure did!!

The 2021 Bitcoin supply shortage