Crypto wasn't created to make you rich — it was created to make you free. |
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Currently I am worried about Bitcoin, its chart is worrisome, [...]
Nothing against you but that's good to hear. A lot of bear talk can indicate the opposite movement coming. |
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After all those years, I still don’t know how to ready Chartbuddy charts. And no, the ‘explanation’ doesn’t cut it for me. I’m the dumb money here  |
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[stupidity of people]
The whole reaction to Covid nailed down these points for good; we are utterly lost as a species if group intelligence is the standard of measurement. I also tend to think of Winston Churchill's famous quote in this respect: Men occasionally stumble over the truth, but most of them pick themselves up and hurry off as if nothing had happened. People rather stick to convenient, simple lies than handle the complex, inconvenient truth  |
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I think that bounce is convincing enough. 2 days ago they faked a bottom with high volume. I just wonder how they coordinate these things. That's masterful.
The market at work. No better way to signal where the true bottom is by letting 'r rip. No nannies, no circuit breakers. Just pure panic on one side and pure greed on the other. We have probably learned today where the current 'bottom' is at. If we are lucky, bears try again and fail miserably. I really love this, being still at these 'above'-previous ATH prices. |
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It's related, but we tend to think that something strange is going on only in our little Bitcoin bubble |
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Excellent cleansing of the market. Away with that Doge Pony show Bitcoin will endure. Take the long view. |
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People have no clue.
[..]
Utter morons who can't see what is in front of them.
The always recurring theme underlying all. We are still early with this Bitcoin thing. Very early. |
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This looks much more like August 2019 than January 2018. This would align with a 2013 redux scenario of 2 peaks. A first push which we have now passed, then a slow down (this time with less downside if Aug 2019 and onwards is used as reference) with grinding through a valley, and the ensuing new ascent to a new ATH. This of course disregarding the anomaly of March 2020. This brings me to the following default scenario - 6-12 months sideways between $30k-50k
- after a nice bowl pattern, up again
We just need to be patient and continue to stack sats. |
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Looks like the mainstream media is now fully utilized in the Bitcoin lies and FUD spreading, someone high up wants cheap BTC, and they are running out of time. I see the current rate as an indicator how gullible people in general are, and surprisingly many seem to fall for it. Hook, line and sinker.
After the Covid charade, nothing surprises me anymore. Godwin starts speaking to me but we all know how that could have happened. People are a cowardly dumb bunch when in groups  |
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Alts are finally correcting somewhat (although Ethereum/BTC is still doing ok). On my long term signals, we are between bull and bear. It could still be a severe correction, but it takes time to play out. If it becomes a bear market, $10k is our bottom Let the games begin  |
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The volume is decent now. Some hope for a recovery.  |
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This market is just swapping stupid traders for smart traders |
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Perhaps the China news is considered bad new. I consider it good news. If China blocks cryptocurrency in their legacy institutions, they are shooting themselves in the foot.
I have no problems with Chinese people, but nothing with the Red thing.
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