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Posted on 7/9/25 at 1:50 pm to TigerTatorTots
Yeah I don't pay attention much to Mow. I just found his theory interesting. Basically, many countries with failing currencies could start a domino effect replicating Microstrategy's strategy to accumulate Bitcoin on a larger scale. This would be attempt to offset their failing currencies. Mow speculates once a single country uses this strategy, other countries would follow suit.
His theory is not totally out of the realm of possibility. People have a way of copying what others do and turning into a herd. Countries do this also, especially following the lead of the US. I make a lot of money off of the herd effect of investors driving prices up and down.
I expect more states, countries, pension funds, etc. to continue copying what their peers are doing in establishing and growing Bitcoin reserves. Once a trend starts, others will start joining the rest of the pack.
His theory is not totally out of the realm of possibility. People have a way of copying what others do and turning into a herd. Countries do this also, especially following the lead of the US. I make a lot of money off of the herd effect of investors driving prices up and down.
I expect more states, countries, pension funds, etc. to continue copying what their peers are doing in establishing and growing Bitcoin reserves. Once a trend starts, others will start joining the rest of the pack.
Posted on 7/9/25 at 2:06 pm to 98eagle
We need buyers to step in. There is still a lot of weight on retail despite the institutional narrative.
Posted on 7/9/25 at 3:21 pm to TigerTatorTots
We’re still a bit from an ATH when you adjust for the dollar weakness. And we’re 15% or so from an ATH relative to gold. Honestly, gold is my benchmark.
Posted on 7/9/25 at 4:34 pm to beaverfever
This is a dangerous pump if we dont sustain above 110k.
Posted on 7/9/25 at 5:34 pm to Hateradedrink
You technical chartists boggle my mind sometimes 
Posted on 7/9/25 at 5:45 pm to TigerTatorTots
It’s because it baits longs, and then they get liquidated. Really has nothing to do with TA.
Posted on 7/9/25 at 6:01 pm to Hateradedrink
I wish someone would bait the shorts some day. I’d like that.
Posted on 7/9/25 at 6:21 pm to beaverfever
They did when I made that post a week or two a go about “the last bear trap of the cycle” or whatever.
111k is holding right now which gives me some hope.
It’s just dangerous because it feels like it pumped off this “Powell is resigning” rumor. A breakout off of fake news at this point of the cycle would be unfortunate.
111k is holding right now which gives me some hope.
It’s just dangerous because it feels like it pumped off this “Powell is resigning” rumor. A breakout off of fake news at this point of the cycle would be unfortunate.
This post was edited on 7/9/25 at 6:22 pm
Posted on 7/9/25 at 6:54 pm to Hateradedrink
I didn't know that was a rumor. I googled it when I saw that post, didn’t see anything and was like “wtf is he talking about”.
Posted on 7/9/25 at 7:08 pm to beaverfever
I can’t find the actual rumor, but I see fringe websites with articles debunking said rumor. So 
Posted on 7/9/25 at 7:31 pm to Hateradedrink
quote:I dont think so. I posted that rumor in my group chat a while before price started to run
It’s just dangerous because it feels like it pumped off this “Powell is resigning” rumor. A
Posted on 7/9/25 at 9:17 pm to TigerTatorTots
Shrug. Like beaver said, it’s hard to even find a good origin for it. Maybe took time to spread?
Either way, bull traps are bad but we’re in the time frame that this is looking increasingly likely to be real. BTC is running out of time.
Either way, bull traps are bad but we’re in the time frame that this is looking increasingly likely to be real. BTC is running out of time.
Posted on 7/9/25 at 9:19 pm to Hateradedrink
quote:I heard someone theorize that a dovish, Trump-placed fed chair was starting to be priced in. Basically, the idea that Trump was GOING to get lower rates sooner rather than later would put a bid on the short side of the yield curve. Obviously that’s stimulative so things rip.
I can’t find the actual rumor, but I see fringe websites with articles debunking said rumor. So
It seems like common sense so you might be thinking “no shite” but I hadn’t considered that potential front-running of the yield curve.
Posted on 7/9/25 at 9:22 pm to TigerTatorTots
Looks like the major Alts ran about an hour before BTC today. Right around 13:00 CDT, which was right around the time Fed meeting minutes were released, I think.
Posted on 7/9/25 at 9:24 pm to BottomlandBrew
It’s also worth mentioning that while BTC touched a new ATH in dollars, it’s still around 10% off its ATH in euros.
The pump to 112k is largely driven by devaluation of the dollar.
The pump to 112k is largely driven by devaluation of the dollar.
Posted on 7/10/25 at 9:09 am to Hateradedrink
The price being down today reeks. Nobody sells the day you hit a new ATH with a great technical setup. I love btc but hate the derivatives and market makers.
Posted on 7/10/25 at 9:15 am to beaverfever
Eh, I think it makes sense after the sharp rejection from 112.
BTC is acting like 110-111k is being flipped from resistance to support.
112-115k is a monster and buyers aren’t going to commit to that just yet.
BTC is acting like 110-111k is being flipped from resistance to support.
112-115k is a monster and buyers aren’t going to commit to that just yet.
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