Institutions attempting to rattle off the tourist gamblers who plunked down $1,000 betting it would magically turn a 100x overnight and over-leveraged traders getting consequently liquidated.
Most of the people I'm getting advice from are saying there's potentially another 6 months left in the bull market but this is one hell of a correction if that's the case. Buying the dip either way. It gives me a change to get into some staking coins that I couldn't really afford before.
The weekly MACD indicators I'm looking at show this is not going to flip back to bullish instantly. Especially when it comes to Bitcoin.
Worst than the crash when it went from 20k to like 3.5k? that was a what, 70-75% drop? here it was a 20-30% drop, and there seems to be a resistance
Different distribution of the drop. There was like a forty-something 2w candlestick (not counting wicks), Benjamin Cowen pointed this out. It doesn't really matter, just a little something to print on those I survived T-shirts.
I don't agree with all your points. Institutions are putting tons of money into BTC at the current prices, but the lowered BTC dominance numbers suggests a lot of market activity is centered around alt coins. The privacy war is no where close to being lost, and when MimbleWimble drops, it's probably going to be the biggest blow to crypto regulation maybe ever. It will have litecoin support which means that if it's popular, bitcoin will adopt it and it's harder for exchanges and institutions to abandon because it's already been heavily adopted. I would also figure that financial institutions will have a use for privacy options, as it's hard to fund politicians and coups with public transactions. Precious metals are doing alright, but they're still underperforming predictions. Most of the blame is going towards crypto because they assume every dollar spent on BTC would have otherwise been spent on precious metals. Financial geniuses have been saying crypto was dead in the water long before BTC hit $1 and they keep having to eat their words. At least now they're smart enough to buy the dip when they scare normies off the market.- worldwide talk of increased crypto regulations, bans and taxes as over 70% of central banks in the world openly discuss launching their CBDCs in the near future
- old propaganda about bitcoin's energy consumption regurgitated again, this time looks like they actually gonna go with it to target crypto mining
- autistic spergs like elon musk can manipulate the market by tweeting or being on a tv show
- dogecoin in the top 5 cryptos, with a market cap like 50% of general electric
- dumb money goes to dumb things like defi, nfts, meme coins like always
- institutions and OGs accumulated tons of bitcoin under $10,000, absolutely zero incentive to buy BTC with nowadays prices
- tether market cap >$60Billion, some chink company can just decide to print $1 Billion any day, totally not like fiat lmao
- crypto privacy war mostly lost, number goes up fetish is all that matters, 99% of crypto is a ghetto behind KYC/AML walls, choking points like Coinbase and Binance rule the ecosystem (they suck the government's ass and actively work against their users because they know they could get rekt by zog any second)
- meanwhile, alternative assets such as gold, silver etc. are performing great
"Market is looking bad, but I really don't see the reason"
So you're saying this isnt the bottom?
Reminds me of when we oldfags all thought the internet could never be regulated and it would be the wild west of the late 90's forever
We're hitting peak tulip mania, normalfags never change
Is there anyone who didnt get fucked over with defi? I literally dont know anyone who doesnt have a horror story with those, either because of fraud, shoddy code leading to a hack or plain fraud
Fucking finex, I dont know how they manage to keep failing upwards
That has been around since like 2018, is there any actual indication from btc devs that they plan to implement it? any announcements?
They can already do that with plain ol' bag full of unmarked bills on a private airplane, why bother? specially since most politicians dont know shit about crypto and like more normalfags are going to ask for cash to do any favors, not memecoins
Whats your current coin collection? whats your performance?
Didn't you know? Fixed supply coins are the only fixed assets in the galaxy.
In a few years time a soda will be 20,000 Kamala.Dollars. Everyone will certainly be a billionaire, like they were in Zimbabwe. Maybe. Anyhow, even with a golden rock, would extracting and returning the ore be particularly economic? It might be more psychological in lowering the price.Didn't you know? Fixed supply coins are the only fixed assets in the galaxy.
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He's going there next year. He'll be tweeting. Buckle up.
Gold/silver is about 40% of my portfolio. It's just not interesting enough to talk about.
I think the plan is just to put some thrusters on it and drop it on England. The outer layers will blow off but it's still a net gain, and then you can just walk over and pick it up. Thanks elon
Oh it's not about a profitable mining. I was talking about the tweets that will come and affect how people feel about gold. It was also a half joke. I like both my golden and internet coins.
Dude, there's so much terminology I don't get about crypto, this shit is like a third language. This thread makes me feel like I'm reading some old norse scrolls sometimes.
Bull Market- Money go up
