Jan 13, 2021
In the fifth installment of the BitcoinTina on Bitcoin series, ck and BitcoinTina discuss the potential bull market scenarios for bitcoin.
In this podcast we discuss 3 different Bitcoin price scenarios which are all very bullish but difficult and different to trade!
The cornerstone of BitcoinTina's argument is that Bitcoin has a new class of buyer. Before the bitcoin market was run by the youth and the technologically advance. Now we are seeing baby boomers, institutions, and corporations come in with much more purchasing power, a very different need, and very different investing behaviors.
Bitcoin is becoming safe. The investors that are entering into the Bitcoin Market in 2021 have watched tech stocks go straight up for 20 years. Many of them traded tech wrong and missed the move. Some will get that Bitcoin is the same but much bigger. It matters who is coming in to buy Bitcoin.
Michael Saylor said that if you understand bitcoin, you can not own just a 1% position. It's absurd! If you hold bitcoin you have an advantage financially. With Bitcoin you are on the high ground. You can't just have a 1% position you can't afford it. Investors, stackers, and Institutions are realizing this. No one knows how bitcoin will play out but if you don't even understand the player in the game there is no way you will begin to understand its trajectory.
Resources recommended from Bitcoin Tina:
Bitcoin is the Great Definancialization by Parker Lewis: https://unchained-capital.com/blog/bitcoin-is-the-great-definancialization/
The Gradually then Suddenly Blog Series by Parker Lewis: https://unchained-capital.com/blog/category/gradually-then-suddenly/
The Saylor Series - 1-8 By Robert Breedlove and Michael Saylor: https://www.youtube.com/playlist?list=PL2jAZ0x9H0bRvoNt1xNJWYa9_8_an03h0
The Investors Podcast with Samson Mow: https://www.theinvestorspodcast.com/bitcoin-fundamentals/btc004-bitcoin-tech-future-growth-w-blockstreams-samson-mow/
An excerpt from Reminiscences of a Stock Operator - "After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance. " (Page 53 Reminiscences of a Stock Operator)