Idea for Bitcoin:
- Bitcoin appears to have reached the end of this Ponzi Cycle and the distribution of excess is complete.
- Speculate a 6k~ bottom.
- Traders will be fortunate to observe a full bubble cycle of Bitcoin, as I did in 2017.
GLHF
- DPT
- Bitcoin appears to have reached the end of this Ponzi Cycle and the distribution of excess is complete.
- Speculate a 6k~ bottom.
- Traders will be fortunate to observe a full bubble cycle of Bitcoin, as I did in 2017.
GLHF
- DPT
Trade active:
Bitcoin suffered a massive sell-off the first time bearish technicals appeared. This tells me that institutional investors were the driving force of this market.
It is likely that institutions will not return until a return of bullish technicals.
It is likely that institutions will not return until a return of bullish technicals.
Trade active:
"In the case of the 2008 crash, the fictitious capital was house prices. These were bid up way beyond their real value by over-geared borrowers wielding their non-conforming loans.
After the crash, the U.S. Federal Reserve, instead of allowing the credit markets to find their own equilibrium, began offering credit at 0 percent. As Japan discovered in the 1990s, prescribing whiskey to cure a hangover simply leads to lost decades."
- Matthew Bransgrove, Principles of Good Government
What is Bitcoin? What is DOGE? It is fictitious capital.
After the crash, the U.S. Federal Reserve, instead of allowing the credit markets to find their own equilibrium, began offering credit at 0 percent. As Japan discovered in the 1990s, prescribing whiskey to cure a hangover simply leads to lost decades."
- Matthew Bransgrove, Principles of Good Government
What is Bitcoin? What is DOGE? It is fictitious capital.
Trade active:
G7 Summit this weekend, and Biden seeks to make cryptocurrencies a priority due to their role in cyberattacks:
news.yahoo.com/biden...tcoin-172630145.html
US ban incoming
news.yahoo.com/biden...tcoin-172630145.html
US ban incoming
