perhaps future bagholders... They'd be bagholders if they were carrying worthless bags. For now all Bitcoin and crypto people are pretty much geniuses. All the believers made shit ton of money and we are near all time highs.
You have all this special knowledge about Bitcoin orbit, and yet you can't even profit from it. What a shame...
It is indeed unfortunate. Atleast i can find some solace in the fact that every day that passess by we are getting closer and closer to the implosion of this crypto ponzi bubble. What happened to your position? Would have been a shame to round trip on those unrealized profits.
Enjoy while you still can. Market has to marinade until the last sucker sells their belongings to buy magical beanie tokens Imagine being invested in this industry and expecting anything but doom while these retarded celebrities are pump and dumping shitcoins
Bitcoin bulls seem to have completely given up. Look at this thread, zero interest. This market is cooked to the gills. Just look at higher timeframes, they never lie. the most obvious topping pattern in the history. Having that said and as much as i'd like this ponzi scheme to dismantle immediately, there is UNFORTUNATELY a GLIMMER of hope here. Often the market tops and distribution occurs, but the momentum just ain't there. So what happens sometimes is you get a violent fakeout pump UP, trapping maximum amount of suckers followed by a VIOLENT counter move to the downside. This is the recipe for maximum momentum and what we need to break the knees of this ponzi and make it face-plant down right into $30Ks. Conveniently there is some crypto-bros conference coming up. I am LITERALLY praying for all the crypto bulls out there. The last thing i yearn for is for the crypto comrades to get massacred. If we are to nuke from there, i will pray even stronger in hope of protecting your corrupted souls. But if you do get another exit pump, for the love of god sell EVERYTHING because there will be no other chance. By September 15th you want to own precisely ZERO scam crypto tokens. This is something that several generations from now your descendants will be most proud of.
My weekend updates are always in the 'journal' section of the forum. Regardless if Nvidia pumped the Nasdaq or let it deflate on the day/week.
I think at this stage, we need the governments and officials to make the next move. I said this a while back, but my fear is that instead of the printer getting turned on, they just might try a bout of deflation first. Maybe they do let the markets and economy crash for a while. This will clearly be bad for crypto because people will be selling anything they can, and Bitcoin is the easiest to sell. At the same time, if you have entire countries selling Treasuries, then this cannot be tolerated. So I think the idea this time around is to not be so quick to re-inflate the bubble. But it of course has to be re-inflated because the UST bond market, from my understanding, is the most important market to protect. So maybe they try whatever they can in order to inject liquidity without directly do so, but when the pain gets great enough, then it will absolutely be off to the races. The thesis for Bitcoin has in no way gotten weaker. The price may not be what everyone was hoping for, but I think there is also a positive side. The amount of selling has been relentless to be honest. When you look at the tens of thousands of coins that have been sold from Mt. Gox or Germany or other large players, this has all been absorbed without price dropping too far. Maybe even large whales have sold as well. In this process, there have been many more smaller players buying it all up. All those funds who bought the ETFs did so on behalf of the customer, the individual. So Bitcoin is now even more widely distributed. This means more people have incentive to accept this form of money and use it. This means we are closer to the tipping point where everyone realizes that they need to have some. You might think its failing, but every day, someone is accumulating, and likely someone new. Then the government, through their sheer incompetence, will come out with some drastic measure in order to protect what is left of the USD system, and this will be a clear signal for why bitcoin is so important. These are the things that will produce those Omega candles that have been talked about for months. So yes, for the time being, Bitcoin will very much be at the mercy of the macro environment, and can easily continue to drop as the economy implodes, but its literally reaching a wider adoption every day, and hence primed for the explosive move higher.