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In the fifth installment of the “BitcoinTina On Bitcoin” series, CK and BitcoinTina discussed possible bull market scenarios for bitcoin.
In this podcast, they covered three different bitcoin price scenarios that are all very bullish but difficult and different to trade.
The cornerstone of BitcoinTina’s argument is that Bitcoin has a new class of buyers. Before the bitcoin market was run by the youth and technological advancements. Now we are seeing baby boomers, institutions and companies coming in with much more purchasing power, very different needs and very different investment behavior.
Bitcoin is going to be safe. The investors entering the bitcoin market in 2021 have seen tech stocks soar for 20 years. Many of them were wrong in technology and missed the move. Some will get that bitcoin is the same, but much bigger. It matters who comes in to buy bitcoin.
Michael Saylor said that if you understand bitcoin, you can’t just own a 1 percent position. It’s absurd! If you own bitcoin, you have a financial advantage. With bitcoin you are on the higher ground. Investors, stackers and institutions realize this. No one knows how bitcoin will play, but if you don’t even understand the player in the game, you are in no way going to understand its trajectory.
Additional Resources Recommended by BitcoinTina:
“Bitcoin is the big definitionBy Parker Lewis
“Gradually then suddenlyBlog series by Parker Lewis
“The Saylor Series”: Episodes one through eight by Robert Breedlove and Michael Saylor
“The Investors PodcastWith Samson Mow
“After spending many years in Wall Street and making and losing millions of dollars, let me tell you this: it was never my thinking that it made any big bucks for me. It was always my sit down. Have it? I’m tight! It’s not a trick at all to be right on the market. You will always find a lot of early bulls in bull markets and early bears in bear markets. I have known many men who were right at the right time and started buying or selling stocks when prices were at the level that would bring in the greatest profit. And their experience was invariably similar to mine, that is, they didn’t make any real money from it. Men who can be both right and sit properly are uncommon. I thought it was one of the hardest things to learn. But only after a stock manager has got this firmly understood can he make a lot of money. It is literally true that millions come more easily for a trader after knowing how to trade than hundreds in the days of his ignorance. “
“Reminders of a Stock Operator”, page 53