Long

Long term view on Bitcoin

Where to go long and where to short (though I have no current plans to short). I hope to sell %50 of my bitcoin between $2400/2700, sometime within the next few years. Anything above that is after gold breaks through its price manipulation and soars to >$5000, when price inflation finally takes over due to the malinvestment of QE money, which is currently preventing the economy from collapsing/markets from correcting (ECB & JCB are buying around 150b/month of bonds and equities). It's only a matter of time until permanent money creation becomes canon and inflation becomes completely inevitable, I couldn't guess as to when it ultimately takes off though. It's possible bitcoin gets to ~2500 on hype alone, and selling at ~$800-900 is good too if things change in the future. I doubt it's going under $570 barring some extreme event like gov't regulation or an unfound zeroday, making it a pretty decent option against market catastrophe over the next 3-7 years. BTC as %2-5 of your portfolio is very effective.

This idea is tentative to future edits.

pjlbtv

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