Forwarded from Watcher Guru
JUST IN: 🇩🇪 Deutsche Bank says Bitcoin is "like gold" and the US strategic Bitcoin reserve "could set international standards."
@WatcherGuru
@WatcherGuru
Forwarded from Crypto News Aggregator by EXCAVO
Forwarded from Binance Futures Liquidations
🟢 #TIA Liquidated Short: $91.3K at $3.588
Forwarded from Crypto News Aggregator by EXCAVO
DiveInDefi
Might be actually accurate. ETHBTC just continues to bleed. Insanity
However: for me the downside risk is much lower than the upside potential at this point.
With dropping inflation numbers and increasing recession risks, I am convinced we see rate cuts much sooner than people are expecting.
Aside from US, the rest of the world has continued to cut rates during the past months
Aside from US, the rest of the world has continued to cut rates during the past months
DiveInDefi
With dropping inflation numbers and increasing recession risks, I am convinced we see rate cuts much sooner than people are expecting. Aside from US, the rest of the world has continued to cut rates during the past months
I think there is no doubt that the majority of altcoins have been in a bear market (the last months).
I have seen too many bear markets before and in hindsight, the past times it would have been good to cut losses or stop on break evens and wait until the curves start to flatten.
Bear markets need time to resolve -> the trend is your friend.
This current situation is very different though:
The past bull markets were majority retail hype driven. Dreams of mass adoption fueled the charts. However, politics always kept fighting cryptocurrencies. Some to a lesser extent than others. Adoption never happened in any meaningful way. Overall, the war on crypto continued until a couple of weeks ago. And it is clear that tides are shifting slowly.
Institutions already started to buy Bitcoin and we are at the very beginning of institutional altcoin adption. Retail has loaded up already and is now again selling in fear, PTSD driven from the last 10 years.
I think the cycles have changed, they are longer and volatility will keep decreasing.
At current levels, I am rather in (conviction) plays than out of the market. Fundamentals are worth to hold at current levels. Pure gambles are going to continue to rug, be very careful and pay extra attention when stuff gets fishy in your favourite project. Usually, this does not end well.
No financial advice.
I have seen too many bear markets before and in hindsight, the past times it would have been good to cut losses or stop on break evens and wait until the curves start to flatten.
Bear markets need time to resolve -> the trend is your friend.
This current situation is very different though:
The past bull markets were majority retail hype driven. Dreams of mass adoption fueled the charts. However, politics always kept fighting cryptocurrencies. Some to a lesser extent than others. Adoption never happened in any meaningful way. Overall, the war on crypto continued until a couple of weeks ago. And it is clear that tides are shifting slowly.
Institutions already started to buy Bitcoin and we are at the very beginning of institutional altcoin adption. Retail has loaded up already and is now again selling in fear, PTSD driven from the last 10 years.
I think the cycles have changed, they are longer and volatility will keep decreasing.
At current levels, I am rather in (conviction) plays than out of the market. Fundamentals are worth to hold at current levels. Pure gambles are going to continue to rug, be very careful and pay extra attention when stuff gets fishy in your favourite project. Usually, this does not end well.
No financial advice.
👍1
Forwarded from Crypto News Aggregator by EXCAVO
🇺🇸✅ The U.S. Senate Banking Committee approved a bill to regulate issuers of stablecoins, passing it by an 18 to 6 vote.
DiveInDefi pinned «I think there is no doubt that the majority of altcoins have been in a bear market (the last months). I have seen too many bear markets before and in hindsight, the past times it would have been good to cut losses or stop on break evens and wait until the…»
DiveInDefi
I think there is no doubt that the majority of altcoins have been in a bear market (the last months). I have seen too many bear markets before and in hindsight, the past times it would have been good to cut losses or stop on break evens and wait until the…
These are metrics you should look at in bear markets. Watch out for teams that abandon their projects.