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⚡️💬 NEW - Luke Gromen says that he reduced his Bitcoin portfolio substantially at $95,000 and thinks it’s going a lot lower. - Risk of quantum computing - Not making new highs vs gold - Lots of selling from whales - Charts broke down 6 weeks ago - Believes 4 year cycle is playing out

Replies (17)

... all reasonable observations. With regard to "watching what Tether's doing", however, I strongly suspect he's referring only to Tether accumulating gold more so than bitcoin. I seriously wonder if he's even aware that Tether has an obligation to hold gold vis a vis their issuance of Tether-Gold tokens (which, in relative terms, has recently exploded). That is, I see Tether's efforts to focus more on acumulating gold as anticipation of a growing gold token business rather than necessarily projecting gold to appreciate more than bitcoin.
I like the appeal to “I’ve been in the market for 30 years” as if that tells me all I need to know about him being an expert. Dude, that tells me you know everything there is to know about fiat business cycles, which means you know nothing about actual money.
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The reason bitcoin will substantially increase in price is political. The OG’s don’t understand this, the chartboys don’t understand this, and the quantum computer apocalypse people don’t understand this. I’m sorry, but the quantum computer people are to me as credible as the fusion-reactor-in-two-years people. I hodl in peace.