There is another myth about communism/socialism that needs to be addressed. For some reason, a lot of millennials think that the debasement of currencies doesn't happen in places like Russia. LOL Just because you ban/enslave free-markets, does in no way ban debasement.
Monday morning in Asia... reminder that Moonvember is coming up soon, let's hope the fun continues! Wave 1 target is $120k
New rumor circulating that SEC may approve the spot bitcoin etf on Thursday meeting. CryptosRus even has a YouTube video on it (one of the latest ones) Also, we welcome the first day of Moonvember
A month ago I mentioned 2 altcoins. (I sold $Trb Tellor way too soon so did not benefit) Bitcoin price has gone up, but the 2 altcoins $Rune and $Trb have performed much better than bitcoin. $Sol has also done much better than bitcoin Ethereum has underperformed bitcoin There's a signal here With new money (new liquidity) going into the big guy (bitcoin) the crypto bros will look for the (good project) altcoins for better returns 1. There's new money going into the cryptos ecosystem (Tether $Usdt is ath marketcap $85B) 2. There's opportunities with good projects altcoins and no leverage is required 3. It is still early and crypto bros are picky, hence the $Eth underperformance, when bull market is in full-force, go nuts, throw darts and buy just about everything goes up nfa ---------------------------------------
Did you see the post about Arthur Hayes going into SOL? His timing honestly wasn't so good if I consider his entry at the time of the post. I have also been seeing lots of SOL sent to exchanges from FTX, so I think there is heavy liquidation pressure. I have nibbled a little bit, but only to reduce my average price. I would honestly love to dump all my SOL that I acquired for an original average price of about $200... jesus... talk about horrible timing, but I'm not sure if we ever see $200 again. If was a bit too scared to scale in at the lows since I read too much stuff on it being just an FTX token, so why pump another 1k or 2k into SOL if it just gonna go to zero. DOT is sadly on life support... have a little of that... and ADA is also practically dead. I'm eager to see what going through a crypto bull market will be like, but I almost doubt that any of the big players from before will be pumping this time around. Even ETH is hugely lagging. Could it just be that enough info has gotten to the masses and the only thing they want, rightfully, is bitcoin?
Bitcoin first, bitcoin always I have a lot of respect for Arthur and I do appreciate his macro outlook that he shares for free, but let's face it, he and others like him that run big funds needs exit liquidity for their big positions I've seen him on a few videos shilling Filecoin $Fil which has underperformed bitcoin (Mark Yusko also shills $Fil) I'd take Arthur's "public" coin shilling with a grain of salt. Same with mine of course, no financial advice, for educational purposes only I only have $Btc and $Rune on my portfolio, and for alts, I like mid-cap, less than a Billion $ market cap What I can say is that with all of the talks on CT of $Sol, I should have played long the perpetual futures on it, CryptosRus George has made some good profits using perpetual futures on $Sol he mentioned on YouTube