Sigh .... I was hoping to see more Ponzi scheme crypto lenders collapse. it seems like those Ponzi scheme crypto lenders will continue to profit massively.
Looks like im still right. Bitcoin pumping past 24k now, it cracks me up to think there are still people waiting for 15k
shit !!!! I was expecting 10K, 1K, 100, 10, 1, 0.1, 0.01 ...... what is certain is that Tulip Mania #2 will happen. When? hopefully soon & in this generation. the last Tulipmania happened 500 years ago. Pray very hard it will happen in this generation. those Ponzi schemes should be zeroed out. and only trend traders will survive.
I dunno man, your behavior is highly reminiscent of the ideal signal for end of this bear market rally/deadcat bounce. Right as the sheep FOMO into this pump thinking bull market is back, instead of buying up BTC near $20k and ETH near $1k. The real movers & shakers of crypto dump on their heads and then no more buying pressure. Rinse & repeat. Need some fundamental buying pressure to put this market back in bull mode, and it's just not here yet. No stimulus money circling around, Fed is still "tightening", as if they actually have any real power. Economy is a joke and food/energy prices are still in scary territory, with likely more inflation to come. Crypto has never been through this macro environment before, there might be a fundamental shift and BTC might hit $10k, or even $5k, under some extreme scenarios. Not likely but possible.
I suppose, if there is an unexpected bug with the Merge, then a few may panic-sell ETH which will also bring down BTC when the portfolios re-balance. Aside from a possible great depression, I think the only thing that can bring down BTC to 15K would be another geo-political event. But even then, it's had just about everything thrown at it that can go wrong already.
The Merge will be delayed, as usual, but if it's not, that would be the ultimate surprise. It's gonna take multiple stages anyway, that is a long process. BTC has its own dynamics going on, such as Mt.Gox BTC funds distribution and the whales wanting to liquidate Saylor's bags. Not so much Great Depression, more like another GFC, and that is a very possible scenario. The bond markets certainly think so, and those have great accuracy in that regard.
I still think there is an imbalance on the daily left around 12k but I'm happy to see it head up. I'd want to see it break past 28k and really the range it created around 30k to be properly bullish on it though.
Seems official today, Dr. Burry did in fact double-down on his grim predictions and closed out all but one of his long-stock positions last quarter. Things look about to get more volatile pretty soon... once the last puff of steam from the Bulls runs out... Batten the hatches folks!