So we've gone back to the future with a little help from the UST crew and it happened sooner than I'd expected but let's look at some very simple facts . .
1. Do you really think the central bankers of the world are just going to sit idly by and let "the people" control their own financial destiny with decentralized mechanisms that they can't easily extort?
2. When the profitability of mining goes into the sh!tter, what happens to Bitty then?
3. With the sheer volume of BTC wallets underwater, how bullish can we be, really?
4. Dan Pena . . "It will go to ZERO"
5. Buffet . . "Rat Poison Squared" x 2
6. The Fed wants 70% correlation to broader markets so they can claim crypto is a security and the markets aren't too healthy. They have their dark pools with infinite supply to move things any which way but loose.
7. Regulators haven't even BEGUN to shake this tree, KYC, taxation, account limits, etc . .
8. The flash wick hasn't happened yet.
So, you're asking, where do we go from here? Well there's no shame in taking DCA's and scalps even here but if you shoot your wad? fuggedaboutit . . REKT if you do.
Don't trade what you can't afford to lose and I've seen soooo many traders fall from the ugly tree here.
Good luck my salty brethren and to the smart bears who knew enough to hedge, I salute you, steer clear of permbulls and full on Bitclowns (you know who you are)
Not investment advice.
1. Do you really think the central bankers of the world are just going to sit idly by and let "the people" control their own financial destiny with decentralized mechanisms that they can't easily extort?
2. When the profitability of mining goes into the sh!tter, what happens to Bitty then?
3. With the sheer volume of BTC wallets underwater, how bullish can we be, really?
4. Dan Pena . . "It will go to ZERO"
5. Buffet . . "Rat Poison Squared" x 2
6. The Fed wants 70% correlation to broader markets so they can claim crypto is a security and the markets aren't too healthy. They have their dark pools with infinite supply to move things any which way but loose.
7. Regulators haven't even BEGUN to shake this tree, KYC, taxation, account limits, etc . .
8. The flash wick hasn't happened yet.
So, you're asking, where do we go from here? Well there's no shame in taking DCA's and scalps even here but if you shoot your wad? fuggedaboutit . . REKT if you do.
Don't trade what you can't afford to lose and I've seen soooo many traders fall from the ugly tree here.
Good luck my salty brethren and to the smart bears who knew enough to hedge, I salute you, steer clear of permbulls and full on Bitclowns (you know who you are)
Not investment advice.
Trade active:
It's . . BEAUTIFULLLL . . .
and still falling :)
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probably . .
Trade active:
SPX relief Parity Party for Bitty?
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Just gonna leave that for ya . . .
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ohhh SNAP! Celcius network liq in play, could hit ETH / Tether hard and more Bitty wreckage. See you at $19k?