hello everyone
time for some bearish bitcoin theories
with bitcoin etfs becoming more available i believe btc will be coming down.
high yeild dividend etfs combined with high yield staking option availability means more people own inflated portfolios from margin traders- as this is the only way to yield anything from a non productive asset.
however this comes at the cost of taking dividends and yields out of the market cap- where else would it come from.
the 30-50-100% yeilds are heavily unsustainable and we will see large scale pump and dumps as money moves in and out of the "coin ecosystem" to obtain the dividend yield from the ETF, rather than staking it and actually providing liquidity for a period of time
but we can use this to our advantage aswell.
here are some good times to consider lining up with:
BTCY- ETHY- 35%- 50% dividends/yr respective
(covered call based yield etfs)
time for some bearish bitcoin theories
with bitcoin etfs becoming more available i believe btc will be coming down.
high yeild dividend etfs combined with high yield staking option availability means more people own inflated portfolios from margin traders- as this is the only way to yield anything from a non productive asset.
however this comes at the cost of taking dividends and yields out of the market cap- where else would it come from.
the 30-50-100% yeilds are heavily unsustainable and we will see large scale pump and dumps as money moves in and out of the "coin ecosystem" to obtain the dividend yield from the ETF, rather than staking it and actually providing liquidity for a period of time
but we can use this to our advantage aswell.
here are some good times to consider lining up with:
BTCY- ETHY- 35%- 50% dividends/yr respective
(covered call based yield etfs)
Comment:
a return to baseline? i hate trading btc but here we are again... will take some time to review tomorrow.
the spike in the last 24 hrs gives me confirmation bias towards a bigger down turn.
the mass dilution of btc wealth to other coins to reduce market friction/ instability on exits. (btc is a slow moving beast contrary to the price action)
with the cost to produce btc at 13k ill give the exchanges- GAS and other fees and miner profit to realistic price zones of 17-14.5 k
also with the release of FED coin/smart contract based security and JPMorgan coin ecosystems- bigger players with more interest in structure control and stability will likely move into those options.