Where are the bitcoin lovers now?

Divorced w 3

Master Don Juan
Joined
Nov 20, 2022
Messages
2,643
Reaction score
1,489
Location
Laying in the cut
That is what I thought, just a legit coward. All talk, no action. Putting you on ignore, not addressing this anymore.
It’s not ignore worthy to have a contradiction, and I am simply looking for a reason as to why someone would operate with such secrecy when my understanding from prior posts is that this poster has cold storage. I can live with myself in how I interacted here, if anyone wants to dispute that I am open to it.
 

Divorced w 3

Master Don Juan
Joined
Nov 20, 2022
Messages
2,643
Reaction score
1,489
Location
Laying in the cut
An interesting thought I saw raised on another forum is that cold storage owners should be excited about this, because it would increase their supply of other coins, and if the funds opt to push into those, they’re going to make money there as well.

I like the thought process if nothing else.
 

Divorced w 3

Master Don Juan
Joined
Nov 20, 2022
Messages
2,643
Reaction score
1,489
Location
Laying in the cut
Bullish structure on the daily intact, tweezer bottom, should push higher.
Sold to you. Could run maybe up another 10k, but likely lose another 30k from there into the 70’s.

Longer term is a cup and handle, but all good breakouts have a pullback and this will be no different.


IMG_1347.png
 

Divorced w 3

Master Don Juan
Joined
Nov 20, 2022
Messages
2,643
Reaction score
1,489
Location
Laying in the cut
The Chinese issued the most debt today in a single offering in their history, 3 Trillion yuan, and importantly they did so with their 1 year rate under 1%. They haven’t issued debt under 1% since Lehman brothers collapse. After the offering, Chinese interest rates did not move.

There is a tremendous amount of central bank bond buying coming, as the US and Chinese begin to ramp up currency wars both responsively from American protectionism and also the cost of American debt service becoming unmanageable at current levels. China meanwhile is in a deflationary spiral and has major capacity to accept more monetary expansion which is being immediately deployed directly into public pockets via direct stimulus and ‘capital investment.’

Bitcoin had a good run against bonds / defacto the dollar. That’s over. IMG_1348.png
 

BackInTheGame78

Moderator
Joined
Sep 10, 2014
Messages
14,679
Reaction score
15,831
Sold to you. Could run maybe up another 10k, but likely lose another 30k from there into the 70’s.

Longer term is a cup and handle, but all good breakouts have a pullback and this will be no different.


View attachment 13677
Of course there is going to be a pullback at some point...could even give a double top, but in terms of structure as it sits now, based on what it "should do", it should create a new high.
 

Bible_Belt

Master Don Juan
Joined
Jul 27, 2005
Messages
17,106
Reaction score
5,737
Age
48
Location
midwestern cow field 40
The elephant in the room is the over valued stock market. The recent run up over the potential of AI has a lot of parallels to the dot com boom of 2000. No one knows what crypto does when the stock market crashes, because it didn't exist during previous crashes. But eventually we're going to find out.
 

Divorced w 3

Master Don Juan
Joined
Nov 20, 2022
Messages
2,643
Reaction score
1,489
Location
Laying in the cut
The elephant in the room is the over valued stock market. The recent run up over the potential of AI has a lot of parallels to the dot com boom of 2000. No one knows what crypto does when the stock market crashes, because it didn't exist during previous crashes. But eventually we're going to find out.
Bitcoin and the us markets are analogous

The better question is, given the correlation, the spread is way too tight. It would imply that in a short period, something between stocks pulling back and bitcoin taking off is likely

IMG_1389.png

Viewed another way:

IMG_1390.png
 

Never try to read a woman's mind. It is a scary place. Ignore her confusing signals and mixed messages. Assume she is interested in you and act accordingly.

Quote taken from The SoSuave Guide to Women and Dating, which you can read for FREE.

Top