I am in this space for war too long and witnessed hundreds of scams, rugs and other BS. Mostly shitty influencers everywhere ripping off their followers by promising something and eventually dumping on them.
The market came a long way since then. Still loads of scams but we finally head into the mass adoption everyone had wet dreams about years ago: ETFs, more and more legalization of crypto: companies, cities banks starting to accumulate $BTC.
Most major companies have been working for years behind the scenes on crypto. Everything is aligning in rapid speed and it will come eventually. As soon as mainstream realizes that, we will get our pump season and when people talk their family into crypto again it is time to take big profits.
Given the circumstances, and I am very sceptical about the world wide economy and crypto can certainly dump again. I just cannot be bearish about the industry as a whole. 90% of the alt projects are scam, the core will survive and stay.
The market came a long way since then. Still loads of scams but we finally head into the mass adoption everyone had wet dreams about years ago: ETFs, more and more legalization of crypto: companies, cities banks starting to accumulate $BTC.
Most major companies have been working for years behind the scenes on crypto. Everything is aligning in rapid speed and it will come eventually. As soon as mainstream realizes that, we will get our pump season and when people talk their family into crypto again it is time to take big profits.
Given the circumstances, and I am very sceptical about the world wide economy and crypto can certainly dump again. I just cannot be bearish about the industry as a whole. 90% of the alt projects are scam, the core will survive and stay.
DiveInDefi
SPX looking decent here, 5483~ next resistance.
SPX broke out of this falling megaphone but currently hits the support of the previous uptrend. I wouldn't wonder if we get rejected at least once. However, SPX is surprisingly strong the previous days
Btc looks like it wants to start a bear market while stocks surge. Strange world
Some more seriousness: BTC hitting 56.525 -> decent support. Expecting a bounce here.
DiveInDefi
Some more seriousness: BTC hitting 56.525 -> decent support. Expecting a bounce here.
This media is not supported in your browser
VIEW IN TELEGRAM
Forwarded from Watcher Guru
JUST IN: 🇺🇸 Kamala Harris is considering Gary Gensler as Treasury Secretary if elected President, according to senate sources.
@WatcherGuru
@WatcherGuru
🤮1
Watcher Guru
JUST IN: 🇺🇸 Kamala Harris is considering Gary Gensler as Treasury Secretary if elected President, according to senate sources. @WatcherGuru
Btw: I don‘t ever stand behind any politician. Also I will never endorse any politician. All I care in here is economics and crypto.
Disconnected from Trump, she is bad for our bags.
Disconnected from Trump, she is bad for our bags.
👍1
We live in times where crypto dumps and TRX pumps. Everything is just so wrong about this market. TRX is supposed to be a stablecoin like it was since 2017
DiveInDefi
SPX looking decent here, 5483~ next resistance.
$SPX in case we break aths, I moved the green circle to the right as next target. This red line won‘t be broken.
DiveInDefi
Photo
Some thoughts...
All markets are scary as hell due to a risk of a giga 2008 like crash. This is why everything is moving so strangely and we have a pile of cash sitting on the sidelines.
I believe the real reason we are not jumping into a recession or having hard dumps (yet, got to see if it comes or not), is that nowadays the average joe is putting his lifesavings into stocks like nvidia as noone really has another option: Housing is skyrocketing, noone can afford it. Prices going crazy, the purchasing power of every normal person has been decreasing for years now.
So what you gotta do? Gamble your life savings because what else you wanna do with that money? Buy a house? Forget it. Buy a nice car? Maybe but that is literally the worse investment of all time and even 90 IQ ppl know that. Everyone with a bit of degeneracy and some economic know how invests his money.
Unfortunately, the constant printing is still outpacing the markets.
By the way, it is not the big hedge funds that are pumping the markets. In fact many of the have incrased their cash positions in the past months.
All markets are scary as hell due to a risk of a giga 2008 like crash. This is why everything is moving so strangely and we have a pile of cash sitting on the sidelines.
I believe the real reason we are not jumping into a recession or having hard dumps (yet, got to see if it comes or not), is that nowadays the average joe is putting his lifesavings into stocks like nvidia as noone really has another option: Housing is skyrocketing, noone can afford it. Prices going crazy, the purchasing power of every normal person has been decreasing for years now.
So what you gotta do? Gamble your life savings because what else you wanna do with that money? Buy a house? Forget it. Buy a nice car? Maybe but that is literally the worse investment of all time and even 90 IQ ppl know that. Everyone with a bit of degeneracy and some economic know how invests his money.
Unfortunately, the constant printing is still outpacing the markets.
By the way, it is not the big hedge funds that are pumping the markets. In fact many of the have incrased their cash positions in the past months.
Forwarded from CryptoQuant
Bitcoin OTC Desk Balances Soar to Two-Year Peak
“Historically, increases in Bitcoin OTC desk balances have been associated with declines in Bitcoin prices.” – Link
By EgyHash | @cryptoquant_official
“Historically, increases in Bitcoin OTC desk balances have been associated with declines in Bitcoin prices.” – Link
By EgyHash | @cryptoquant_official