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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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Thank you Sir for your enlightenmenting response. You have much more experience and understanding about today's climate in the world of economics. I have reached out to an old friend who has worked as a financial advisor. Unfortunately, he has moved on to Anti-money financial crimes Compliance work as he describes was his polite way of saying he cannot help me. I would be interested in finding someone with your elaborate compression to help me navigate my finances with the remaining years of employment that I have left...
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... With artificial intelligence being more accessible to the common man, why wouldn't you just ask the question "How to invest money in 2025 to make maximum profits?". I'm no conspiracy theorist but this would seem to be the most accurate measure of consumer sentiment towards speculative assets. Having had the experience of running bots and mining crypto in the past, I'm under the impression that the markets are corrupted as much as the governing bodies that run them... Or do you think that the info has been sensored to avoid providing sensitive information that would destabilize the current balance between debt slaves and Central bankers... Unemployment is rising/Interest rates are Falling/Global household debt is at a 125% based on G7 average. Banks cannot continue to buy government debt (bonds) to keep currency propped up. Connect the dots and wake up!
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They make 20-22 tooth cogs to accommodate a decent sized chainring as long as the frame will allow it... More teeth equals less wear and tear or at least that is what logic would suggest. Regarding slamming the stem: fit is better and translates into more comfort that's all that matters at the end of the day
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I'm waiting for the wife to get her dual citizenship for Portugal... She was born in Canada but her mom was born in the Azores. We stayed at her grandmother's house in San Miguel where I rode my bike to a waterfall placed within meters away from the ocean's shore line (Cascata do homem). That is where I found my peace during meditation.
cascata do homem photos https://g.co/kgs/xNJcnxf
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Lfgss has been my "Go to" site for entertainment purposes many years. Admittedly I have not donated to the maintenance expenses that go along with keeping it free from annoying pop ups/advertising. It would be a shame to see the site close down. That being said, I plan to send a donation by buying some stickers to rep the community in my hood of Langley, British Columbia, Canada.