Oh, That’s Why Bitcoin Pumped…

 

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Why Bitcoin pumped, and BTC price challenge this week! [Crypto News]
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Disclaimer
Everything expressed here is my opinion and not official investment advice – please do your own research before risking your own money. Lark Davis (The Crypto Lark) is not providing you individually tailored investment advice. Nor is The Crypto Lark registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. The Crypto Lark is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.

Oh, That’s Why Bitcoin Pumped…

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24 comments

  1. I’m all for micro strategies buying more BTC but to my knowledge he hasn’t even sold the stock yet little on bought 500m in BTC.

  2. *I’ve been into crypto since 2016 and I’m actually glad I did back then because it was a waterflow moment for me financially, the smartest move i have ever made all my life*

  3. Hi Lark, i put my ETH on Bancor. And now i cannot withdraw them due the vault deficit. Hope you get out there well. Any advice?

  4. I hope it wasn’t a short-term pumping effect. Investing usdt in bitcoin before the weekend gave a good result.

  5. Well, then he pulls up the “chart” oooh. When whales are buying up something OR when the Ethereum merge fundamentally changes it to eliminate sell pressure, charts should be re evaluated after a month or so

  6. If this continues, Microstrategy might have done a great move, with CPI report coming tomorrow, and assuming that they’ve hit the expected % inflation. I’ll keenly checking out BTC on this one, as I keep the passive income from IRIS and PGEN rolling and participating on future raises from Polygen’s flexible launchpad.

  7. I’m not looking for reasons and explanations, I’m just happy that Bitcoin is in green and continues to grow, which means that I don’t have to watch my invested usdt burn.

  8. The next couple of months ought to be great with crypto related investments and getting into a good passive income program is ideal

  9. Crypto is the perfect hedge to solve worlds monetary problems learning how to earn passively and trading crypto changed everything for me

  10. Been trying to wrap myself around the Crypto world but it’s been a lil tough for me plus I have also incurred some losses in the process

  11. Sadly we all did incur some losses at some point but you will learn if you want to and grow your portfolio even better

  12. It’s great that there are still such exchanges where you can actually make money. I have always been interested in this topic and it is good that such reviewers appear on YouTube who explain everything in an accessible way

  13. As inflation devalues currencies around the globe, and the living circumstances for thousands of small to middling cryptocurrency holders get a little tougher, cashing in a chunk of their crypto holdings becomes an increasingly tempting lifeline for paying the bills, etc. It would be different if the graphs weren’t trending down, but If you have rising bills to pay, and your salary hasn’t been keeping step for some time, why not take some pressure off yourself and spend some of that crypto to tide you over; particularly if trends make it look likely that it will keep gently losing its value for a while longer.

    “I’ve got rent and car payments due. I’ve been stressing about coming up short this month. Hey, if I cash in a little crypto, I can cover this month easy and, with any luck, buy my position back at a lower price on payday!”

    If this line of thought is becoming prevalent, you can see how rising inflation and the increase in real cost of living might actually be suppressing the price of crypto, and how the extension of the bear market becomes something of a self fulfilling prophesy, even as the value of fiat currencies dwindle.

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