Most recent activity
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Looks like an improvement to the previous cockpit(Bar/stem)setup. How does it ride?
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I like it!
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I agree that history and metrics have a definite influence on price but given the current economic conditions, isn't something to anticipate repeating. Cryptocurrency is no longer in its infancy stage. Smart money has discovered how to exploit and manipulate new investors that have arrived late to the game. I understand that human psychology is the basis of how market cycles operate and believe that opportunity is right around the corner. As soon as the market has absorbed/liquidated enough traders to believe that price is going up, that is when they will pivot and start liquidating the next group of traders convinced of price to be going lower. Exchanges rinse out leverage, recycle the funds to create liquidity then repeat the same cycle in both directions. I can wait untill open interest dies
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Market cap is shrinking, Michael Saylor stopped buying, Fed putting a pause on rate cuts, BlackRock holding the price near 100k to wipe out moon boys venge trading to recover losses trading on leverage...
Post edit: Seeing that no one is here to defend the idea that the Bullrun is still in full swing, I will just clarify my stance on cryptocurrency. I believe there are higher prices in the future but not until the distribution of weak handed late comers are shaken out. Some of whom have invested money they cannot afford and will panic sell forcing price to accelerate in whatever direction it's heading. Now that interest rates are coming down, it will be cheaper to borrow against whatever assets to use as collateral or personal credit available. I hope to be wrong but there maybe a point where price will surpass all time highs to trap new buyers who will again experience a retrace to the price from where they bought. All the weak hands left in the game who bought above 100k will exit their positions and trigger another sell off. Only then once all the trading accounts have been liquidated will there be a pivot in price... I'm hesitant to short because the experienced folk know that scam wicks are a sure way for exchanges to make profit with minimal risk.
See you at 60k
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Am I foolish to believe this to be true? Or just propaganda to scare people from investing now that interest rates have fallen without any signs of stopping... With cash sitting in the bank with their willingness to lend, what would be the risk of taking on cheap debt to put into government bonds. The yields should start to rise now that the banks cannot afford to put it on the balance sheet... Or can the possibility of the US government defaulting on their debts be a viable threat.
https://youtu.be/kDDXCFST8Tg?si=b5szZ1G2sE6ywCNW
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So cute when they are asleep... Me and my Gizmo Yin Yang synergy...
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I went out whale watching this morning hoping to spot a pod in the wild... The ones that wear full lycra and matching kits LoL. Came across a giant octopus portrayed in a style matching today's njs choice of bike to ride.
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I wouldn't have been able to explain it as accurately or made reference to the sources that would back up such assumptions. I figured market research is all relatable in some form.
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It is better explained on the video.
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You have to admit, that explanation was pretty impressive... Had me sold
I can!