xTako

xTako

Whatever you are buying or selling, at this time, it is only the Dollar that everyone wants.

xTako

Net Cashflows into this market have not been this negative since the 3AC contagion.

xTako

Bitcoin is produced by spending energy and using hash rate. Price is and should be directly proportional to Energy cost (approximated by crude oil cost) Price should also be proportional to the Current hash rate. Product of Hash Rate and Crude price has acted as a leading indicator in the past.

xTako

What if BTC goes back to 15K? Is BTC Gold*10

xTako

Similarities: - They went very very high relative to expectation too soon. Aug 11 was the peak for Gold. Jan 9 was the peak for BTC. - Shorts, esp the ones in odd hours, to liquidate a lot of positions at once - with an intension to move the market prices, kept coming, for Gold. What do you think?