You've already won in my opinion, so its now just about maximizing. I follow RE quite a bit as well. And Wolf Street over on his website points out very nicely with stats how much of this boom is because of low supply, and people leaving the cities to buy in the burbs but not selling where they move from. So this super limits the supply. But at some point, supply could very well flood the market. Consider that the price of an entire street is based mostly on just a couple of sales, the entire RE market is valued quite artificially. It doesn't represent true value, but just the past couple of sales based on very, very low volume. The point of all this is that if BTC gets held by only UHNW or institutions, is that really enough? If nobody is buying, and they have all they need, who will buy the next coin? That's the problem I have. There is no intrinsic value, but only based on there being enough people to pay. (yes, almost anything is like that). But GME clearly ran out of buyers at $470, or whatever it hit, and even in the $150's its more than likely overpriced, but at least its stayed here this long. Anyway, point being that I just don't believe the hype. I understand the revolutionary nature, and love that it gives the FED a needed kick, but I think its too dependent on speculators. You can say that real estate has a somewhat line in the sand. Call it a function of local wages and interest rates. If you make 50k a year, perhaps a 4:1 ratio means you can buy a 200k house. Of course low interest rates push this up quite a bit, but you get the idea. You will never afford a million dollar house on 50k, and if houses are this expensive, they eventually should come to some sort of equilibrium. BTC could maybe be a function of cost of electricity plus computer equipment plus profit, but the current price is perhaps way above that. In a nutshell, I guess what I'm blabbering on about is that its not tangible enough for me and think a day of reckoning will come. But as always, the smart people, like yourself, have already won so congrats!
Looks fucked to me. But i have no clue because i lost some money myself on this dump and i did not short at all! I know altseason is coming, but i don't know where to buy. Here? 20% lower? 50% lower? 90% lower? I have no clue, really. 48kek super weak support, 45kek probably small bounce atleast, then 40k then IDK. Could be on one of those urns where it just runs down for liquidations. Anyways i will not speculate anymore, now is the time to trade 1min and 30second charts
On 19 Apr 21, btc gapped down and broke the rising trend line decisively. Congrats to those swing traders who shorted it on 19 Apr 21.
TECH Turkish crypto exchange boss goes missing, reportedly taking $2 billion of investors’ funds with him PUBLISHED FRI, APR 23 20219:58 AM EDTUPDATED AN HOUR AGO Ryan Browne@RYAN_BROWNE_ SHARE KEY POINTS Thodex, a crypto platform based in Turkey, said its platform has been “temporarily closed” to address an “abnormal fluctuation in the company accounts.” Local media reports say that Faruk Fatih Ozer, Thodex’s founder, has flown to Albania, taking $2 billion of investors’ funds with him. According to the state-run Anadolu Agency, Turkish authorities have now issued an international warrant seeking Ozer’s arrest. ________________________________________________ Canada crypto CEO went to India and died there. Turkish crypto exchance boss went missing. Humans are simply very creative. So who is the next? sorry no pity, no sympathy for the gullibles.
He is in India dodging Covid while funding an orphanage. -------------------------------------- Hey how come the crypto market didn't rally with the markets? The high beta not working?
Indeed. I was kind of expecting more, since the market went back to yesterday's drop price and more, BTC's drop price was 54.5K. But it over reacted After Hours yesterday so it did have to work harder to come back.
"Treasury Secretary Janet Yellen has called Bitcoin a 'highly speculative asset" and proposed a capital gains tax as high as 80% for crypto trading. https://www.newsweek.com/joe-bidens-plan-raise-capital-gains-tax-sends-bitcoin-tumbling-1586088