Altough everything looks like the beginning of a doom: dont get too bearish too quick.
We held the first support so far and the big one comes at 39k
As long as we don‘t see the ETF rejected, I do not believe we will break the main support at 39-40k.
We held the first support so far and the big one comes at 39k
As long as we don‘t see the ETF rejected, I do not believe we will break the main support at 39-40k.
Forwarded from The Bull
This will be the first year in Bitcoin's history where the annual security budget as % of market cap will be higher than the year before (from 1.8% to 1.9%)
The security budget is the amount miners earn for securing the network. When this value is high, 51% attacks are expensive and vice versa
The security budget is the amount miners earn for securing the network. When this value is high, 51% attacks are expensive and vice versa
DiveInDefi
Altough everything looks like the beginning of a doom: dont get too bearish too quick. We held the first support so far and the big one comes at 39k As long as we don‘t see the ETF rejected, I do not believe we will break the main support at 39-40k.
The question is: last dip before big pump with ETF news in early 2023 or are all ETFs overly priced in and we get a big sell off until tradfi money flows in?
Forwarded from Moonbags Markets
Interesting too how good news that used to pump things stopped pumping
Forwarded from Crypto News Aggregator by EXCAVO
👀 Bitwise Bitcoin Spot ETF May Receive $200 Million in Seed Funding twitter.com
Forwarded from Watcher Guru
Forwarded from 🆃🆁🅾🅽 🅷🅰🅲🅺🅴🆁
ETH will DUMP now
Brace YourSelves
No One Cares About Any RoadMaps
We Crypto People Cant Read
Dump ETH NOW
Brace YourSelves
No One Cares About Any RoadMaps
We Crypto People Cant Read
Dump ETH NOW
Forwarded from ElPatronLISM
People trying to understand the road map really nerds lol
DiveInDefi
Not saying we are going to retrace 50% but a health sell the news is to be expected. Pump afterwards with the halving incoming anyways. Alts probably correct as well with the etf approval
I personally expect a pump on the news with a quick sell the news shortly after
When we get the ETFs, crypto as a whole and especially BTC will sustainably change:
BTC will become part of many funds, balance sheets and widely be used as an asset for all kinds of purposes. This will make it less volatile and what crypto always has been lacking: bear markets will have less downside:
When you compare BTC with a traditional asset like a stock, in times of economical headwinds, the states and central banks have always made sure to back the economy so it dows not completely giga crash and die by applying rescue funds (in controversy to crypto, where noone backed the coins aside from a few individuals buying the dips).
Of course, BTC is not an institution that is not to be rescued but with larger players having BTC as a part of their balance sheets and ETFs, it automatically will be funded indirectly. Further than that, the more wealthy people have BTC in their balance sheets, the more political interest is there to keep it up as this will profit the economy and so the politicians. Also crypto will likely become a political instrument and the countrys with loads of it will have power and push i, while the ones with less will obviously be fighting it. (E.g. England is already pushing it to become a crypto hub).
The downside for us is of of course is: BTC will eventually become a smaller opportunity to grow.
However: the next paradigm will be ETH with ETF discussions around it which will boost all L2s and staking coins like crazy. This will spread on to lower caps once ETH slows down.
All of this above is my scenario for the next 2-5~ years. There will always be an opportunity to make it but it will be more PVP the larger crypto becomes as a whole.
We are not really early anymore, but this is the last easy time to make it.
BTC will become part of many funds, balance sheets and widely be used as an asset for all kinds of purposes. This will make it less volatile and what crypto always has been lacking: bear markets will have less downside:
When you compare BTC with a traditional asset like a stock, in times of economical headwinds, the states and central banks have always made sure to back the economy so it dows not completely giga crash and die by applying rescue funds (in controversy to crypto, where noone backed the coins aside from a few individuals buying the dips).
Of course, BTC is not an institution that is not to be rescued but with larger players having BTC as a part of their balance sheets and ETFs, it automatically will be funded indirectly. Further than that, the more wealthy people have BTC in their balance sheets, the more political interest is there to keep it up as this will profit the economy and so the politicians. Also crypto will likely become a political instrument and the countrys with loads of it will have power and push i, while the ones with less will obviously be fighting it. (E.g. England is already pushing it to become a crypto hub).
The downside for us is of of course is: BTC will eventually become a smaller opportunity to grow.
However: the next paradigm will be ETH with ETF discussions around it which will boost all L2s and staking coins like crazy. This will spread on to lower caps once ETH slows down.
All of this above is my scenario for the next 2-5~ years. There will always be an opportunity to make it but it will be more PVP the larger crypto becomes as a whole.
We are not really early anymore, but this is the last easy time to make it.
👍1
DiveInDefi pinned «When we get the ETFs, crypto as a whole and especially BTC will sustainably change: BTC will become part of many funds, balance sheets and widely be used as an asset for all kinds of purposes. This will make it less volatile and what crypto always has been…»
Forwarded from Binance Futures Liquidations
🟢 #FIL Liquidated Short: $50.5K at $7.005