- Joined
- Feb 25, 2004
- Posts
- 7,632
@theMot Ahh, the crypto conspiracies. You could be right on the crypto there, mate. That said, large institutions are accumulating right now as part of Wyckoff accumulation / distribution. There’s nothing to say the Zuck, personally, doesn’t own a shitload of Bitcoin himself. Facebook isn’t all his to decide if the company accepts Bitcoin either, that would need to be board approved. Agreed though, there is probably a lot to do with the twins’ involvement in Bitcoin as to why Facebook doesn’t accept it or Crypto as payments.
Personally im very bullish towards Crypto and Bitcoin in general and so feel it has a long way to go, IMO these are just early days. We’ll have to wait and see though, I could be completely wrong in the end…
And to note, I am also in property (my largest stake) as well as ETF’s, I think it’s important to not have all your eggs in one basket. I have an exit strategy with Crypto and like you, I will likely put profits elsewhere, or I’ll diversify them. I imagine I will always be in the crypto market to some extent though.
Personally im very bullish towards Crypto and Bitcoin in general and so feel it has a long way to go, IMO these are just early days. We’ll have to wait and see though, I could be completely wrong in the end…
And to note, I am also in property (my largest stake) as well as ETF’s, I think it’s important to not have all your eggs in one basket. I have an exit strategy with Crypto and like you, I will likely put profits elsewhere, or I’ll diversify them. I imagine I will always be in the crypto market to some extent though.