markets can stay irrational longer than you can stay solvent ...the eth signal will not fail ..don't say I didn't warn youThe best indicator example, you walk into the Brass Rail on Thursday ( Industry Night ) , in your best work Boss suit . . .
The hot stripper that's dancing for you and miscounting songs in the VIP asks you if you work on Bay Street and if you can tell her what Bitcoin is ?
That is your indicator !
Bitcoin to skyrocket in 2024
- Thread starter stinkynuts
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The big deal for Bitcoin, other than the greater fool theory, is that Trump had huge contributions from the bitcoin industry (the guy who once said he didn't need to raise any money "since I am SOOO RICH").
The idea is to replace the SEC folks with those more favorable to getting bitcoin ETFs approved for public trading. The result would be ETFs (that don't directly own any equities) and bitcoins that have no fundamental value.
What can go wrong? More folks getting scammed by sales to the public who have no clue about the risks of holding what has no underlying value other than what the next person will pay for it.
It’s not going to end well.
Trump is talking about paying off the national debt with Bitcoin.
The entire government is now being bought by the crypto industry. To the point where one senator is going to push a bill to start selling the US gold’s reserve snd replacing it with Bitcoin. This could have disastrous consequences down the road.
Millions of people don’t know their hard-earned money is going into these Bitcoin etfs. A portion of their pensions will be funneled into funding the most sophisticated and global ponzi scheme to line the pockets of those at the top. Bitcoin will endure a a major crash in the next few years, perhaps crashing 80% or more. Millions of people will be unknowingly funding this scheme.
It’s all about greed and making quick and easy money. 99% of those buying crypto are just looking to make a quick buck.
Meme coins such as Doge and Pepe now have greater market caps than companies such as Boeing and Nissan. Yet they provide zero value to society. This is worse than the dotcom bubble, where profitless companies were given huge valuations by the market. It cannot be sustained, and eventually this Ponzi scheme willl collapse, with disastrous consequences.
There are fools who paid millions for an ugly ape NFT and virtual property in the metaverse. If they want to be idiots, that’s fine. But the corrupt crypto industry has bribed politicians with their dirty crypto money and are going to influence them into passing legislation that will give them more power that could upend the country’s economy and affect millions.
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it's the same shit with other commodities
art, stocks, aaron judges baseball, etc etc
key is not being greedy and pulling out (guys have trouble doing that , right ?)
can't..just stick with index funds
I will be out before all of you, I'm great at musical chairs and running to the exit, like George Costanza ! Thanks!
Bit BTC resistance point at $ 92,235, can we blast and hold/close there today ?
* just as I typed this I happened to be on Coinbase and BTC dropped $ 1,200 in a matter of seconds, that's how fast crypto trades. Yikes !
* just as I typed this I happened to be on Coinbase and BTC dropped $ 1,200 in a matter of seconds, that's how fast crypto trades. Yikes !
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Do you guys think BTC will hold $ 89,111 area ? If I was a bear/shark, that's the first zone that I would attack !
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At this stage of the cycle there are no major retracements, usually. We just consolidated after the huge rally and are ready for the next leg up. After the next leg up is when we may start seeing major pullbacks, definitely a 20% correction from 100k to 80k is possible.Do you guys think BTC will hold $ 89,111 area ? If I was a bear/shark, that's the first zone that I would attack !
I was under the impression that in "price discovery" zone, retracements of 10 to 20% are the norm ? If you ever watch a minute or up to a hour chart with M/A's overlapped on it, I think most tech traders watch the 50/200, as soon as BTC crosses one M/A from the top, you can notice tons of tech/leverage traders declare a major SELL signal. If BTC crosses the 2nd M/A line , a bigger SELL signal happens and that's when you see the $5k flash crashes. In a bull, the sharp traders try to guess the flex point and dip buy us to back even on the day.
Seriously, after this bull run, how the hell can we invest anywhere anymore? After seeing 10% gains per day for multiple days and weeks, we’re going yo be lucky to see 8-10% per year.
Reminds me of how sex workers can’t return to working regular jobs, making 20 dollars an hour after earning 20 times that with much less effort.
Reminds me of how sex workers can’t return to working regular jobs, making 20 dollars an hour after earning 20 times that with much less effort.
BTC dominance over 61% and all of my ALTS/ETH are getting crushed ! UGH !
Oh well, it's just rotation, BTC.D dominance will eventually drop and ETH/ALTS will have their season to flourish, then we all get out and meet at the Lambo dealership !
So it went from Tesla to Lambo already?!Oh well, it's just rotation, BTC.D dominance will eventually drop and ETH/ALTS will have their season to flourish, then we all get out and meet at the Lambo dealership !
Wasn't thinking, different price category ?So it went from Tesla to Lambo already?!
(Do you believe those YouTube promoters made a couple hundred million in crypto and moved to Dubai ( like MMCrypto & The Moon ) are they just selling YouTube clicks and yanking my chain ?
Most likely scenario is that Bitcoin will have one more leg up well above 100k, liquidating the shorts. Then a major correction in the 90s, and then a bounce back higher to 120-30. This is usually the pattern at this stage, though exact timing is hard to predict.
