Post by
Bac0n on May 18, 2021 11:43am
The Skinny
hear ye! hear ye! The Honorable Bac0n is about to speak
*red carpet rolls out*
*Trumpets sound*
Ahoy unwashed masses, dirty fools and simple peasants.
Old Papa Elon really did a number on Bitcoin this last week, all the Bitcoin FUD around power usage comes out the same day we see inflation numbers triple... coincidence? I dont think so. Elon has proven to be someones pet, and hes barking on command.
That being said! Bitcoin cannot be stopped, you can kick it, you can spit on it you can call it a dirty tramp, but it will just keep coming.
This DIP will be a distant memory a few weeks from now. Bitcoin WILL recover, and reach new highs driving up crypto mining stocks.
for those BITF fans out there, this latest PP while undesirable is a necessary evil for the long term strategy of growth BITF has laid out. so they could either sell some Bitcoin at this low price, or do a PP. im fine with this last PP and I think the timing is good actually.. NASDAQ listing coming this week or next, and quarterly financials coming out next wednesday will send BITF up up and beyond! Assuming bitcoin doesnt continue its slide of course.
Crypto investing is not for the faint of heart, or the weak. If you are easily swayed off your investment then you have no business investing.
*puffs cigar*
-Bac0n