Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Rajneesh Kumar on July 08, 2021, 08:31:05 AM
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1- Grayscale will have 41000 BTC unlock in mid of JULY which can impact in price going down as GBTC release has resulted many time before as well for BTC PRICE to go down Good news is this is last release for Grayscale investors for GBTC release so after that there is
2nd BIG EVENT FOR THIS season on 21st JULY
That is Elon musk and Jack Dorsey Bitcoin meeting which can result in some bullish news for BITCOIN resulting in price to go up from there .
So for me we might see BTC price to go down with this final release of Grayscale GBTC and it will be followed with expected positive event for BITCOIN !
Right now market is in control with bears so GBTC release can have good impact to lower the BTC price and to hit our low targets and then we might hear 2-3 or even more positive news in market that is what i am expecting and can have good bullish month of AUGUST .
So what i am doing -
BUYING 15% of BITCOIN at present value so if nothing happens and this is trap then i don't miss the rally !
And rest 85% i will use to buy at lower levels if all this happen exactly according to events !
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I can see that you are planning well ahead of some possible dip due to the influence coming from Greyscale but you are not going all in and that means you are really being sensible as an investor. You represent what a good crypto investor is and I am sure you can be role model to me. Now, having said that, I am particular interested how the meeting of Elon and Jack will be influencing Bitcoin to go up...maybe depending on the agreed actions that two big influencers may adopt. Let's hope for the best but prepared always for the worse.
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GrayScale will not unlock 47K BTC, they will unlock about 16K BTC worth of GBTC shares. Investors can sell GBTC shares but cannot sell BTC. The price of GBTC is lower than the value of BTC, so investors have no reason to sell GBTC. This is just considered a trick to create FUD of whales. But I know that many F0 investors don't understand this and get caught up in the sell-off that pushes BTC price below 30K yet again.