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David Pinkerton18d ago
So... Time for a fat, leveraged long? Or does the fact that I'd even suggest that just show that we're not ready?
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Brisket18d ago
Leverage gets cleared, so what do we do? Apply more leverage. 🤣 It'd be a sound strategy except I suspect that we Bitcoiners tend to converge on the same idea. While there's bullish leverage in the system, there's also an incentive to hunt the liquidity that arises from forced selling. It's only when we capitulate (give up betting or run out of capital to leverage) that price will start expanding again. The time for a fat leveraged long is when we're certain that it's all over. More pain incoming I feel.
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