The people who are employed can still spend money on fast food like McDonalds but many already started to cut back.

Right now most of the time I am McDonald’s it’s fairly empty, a few years back it was always busy. You also get coupons sent to you most frequently which only means they get less business.

It’s bad out there but it won’t get worst until people start to lose their jobs. But with growing gdp who knows when that will be.

From what I understand there is no pattern it’s random but it’s in increasing difficulty because each iteration is becoming larger and larger.

The first few were easy to solve, later they started to use GPUs to find the numbers towards the end. Now it’s extremely difficult.

You can do some airdrops if you want to earn some crypto. Many testnets out there which have free tokens and if you test the Protocol you might get rewarded with an airdrop.

This is a much easier way than solving that puzzle.

Generally when a market has more traders there should be less volatility because there is more liquidity. However right now we are getting a surge of new traders all buying up bitcoin, Ethereum , Solana on leverage and when there is a deep pullback like we had it can get ugly.

What you don’t want is too many one sided leveraged trades. We have crazy high funding rates and it’s not looking good. We need more spot buys. When you see the perps are leading the spot market then it means a minor correction can be on the way.

You don’t want a pullback that deep, if it pulls back into the $30K I would say it would be a bear market and it will trade in that area for many many months. We had a huge dip and $65K and hopefully it doesn’t go any lower than that.

The flows were positive last week and we got lots of tether entering the market so the steam shouldn’t run out anytime soon. But if we keep dipping, and touch $45K or so I would say that the top was $74K.

He is very similar to Gensler and Warren Buffet, they all really hate Bitcoin. They hated it for years and they will hate it for the next 10 years.

His bank however is involved indirectly with crypto, especially with the etfs. So it’s funny how the guy says it’s a bad thing but as long as his bank can make money off it, he is ok with that. Basically completely two faced.

Either that or it’s a completely different division of JP Morgan which deals with the bitcoin etfs. A division he has less control over. That would make more sense.

As long as there is internet access then it would work. But you need to understand that a busy super market can’t accept Bitcoin because for 1 the fees at the moment might be high for the sender and the second reason is the confirmation times.

Even if the fees are low and network is not congested it might take over 30-60 minutes to get the confirmation. If they don’t wait for confirmation it would lead to double spends.

So I would say l2 solutions would be perfect for this. As they are cheaper and faster.

Today the flows were a little weak. From what I remember we only got $200M in net flows and IBIT was only $120 or so. But at least GBTC was only $140m negative today.

So this is what the market is looking like. If it starts to show little to no flows then most likely that’s when the profit taking will start. But if we resume the $500M worth of daily inflows then we should continue to $100K around the halving date. Or shortly after.

Yeah it’s great that this is finally put to an end.

I don’t know if this was the original cause or not but the crash in Nov 2018 might of been due to Bitcoin SV. CSW was saying he is going to dump all 1M of his coins and BTC will be dead and BSV will replace it. And shortly after is when we broke the $6K support and went down to like $3.5K.

Pretty sure the BSV mess is what started that crash.

Yeah you are better off investing directly in either BTC and hold it in self custody or invest in the etf if you want it on your 401K.

MSTR we don’t know how it will perform in the future if there is another bear market or if they decide to start to sell their holdings. They haven’t sold anything yet but who knows. Maybe one day out of the blue they will start to sell their bitcoins. So you are better off being in control and just buying bitcoin directly.

I don’t find this to be true.

In a true bull market, negative news doesn’t really affect bitcoins price.

And the same is true in a bear market. I remember after every cycle that we peaked there was tons and tons of good news but we kept dipping anyways.

Sure if the news is major like Satoshi finally moving his coins to Coinbase to sell, then obviously it will be a huge dump but minor news won’t affect bitcoin in this market.

I know many people personally who bought bitcoin above $60K last cycle and guess what. Almost all of them have sold.

Some sold in the $30K area where it looked like bitcoin was going nowhere. And the rest sold after the Ftx collapse where it looked like bitcoin would go to $10k again.

I am pretty sure there are rarely any people who are in profit now who bought in 2021.

I think right now what is wise to do is monitor the etf flows. Because I predict that if the flows start to go flat or they start to go negative then we might of topped.

Question is when will this happen? It’s impossible to predict. Almost everyday for the past month we got $500M worth of daily inflows, very rarely having a negative day.

But since there is no technical analysis in this area it’s the only fundamental analysis we can use to trade.

Source
-Trust me bro


I kind of knew this was going to be a joke post just by reading the topic. First of all, no investors are ever going to be taken seriously if they take stock tips based on a dream.

Also Warren Buffet will never buy bitcoin. He has hated it for almost a decade and his side kick also has hated it. Why would he buy 100 BTC at $50000 when the price is $70000 now.

There is no technical analysis really in this space. The last was the prior ATH. Right now the only technical levels I can see besides some rare fib extension levels is the $75K and $100K psychological.

There is also the $100,000 CAD level which would be around $74K or so. So there might be some sellers in these areas which might stall the price a little before resuming higher.

It wasn’t only weak hands selling crypto. There was tons of people who dumped their stocks at the lows because they feared the New York stock exchange wouldn’t function anymore.

There was tons of people with their 401k who sold also at the Covid bottom because the government gave some incentives to cash out their retirement since money was tight.

And what happened a couple of weeks later. We got a crazy rally. Many people sold those days. Now everyone looks back and feels like an idiot.

I don’t think anyone is planning on selling before $100K or at least close to it like $98-99K. We got crazy amount of money flowing into crypto.

Just today we got $500M added to tether market cap, we got a big boost in USDC market cap also, we got $1B in positive flows yesterday, we got Saylor selling more convertible notes to buy more bitcoin, etc.

The train is not stopping until we get close to $100K and then…. Who knows.

The money still is flowing into crypto.

MSTR selling convertible notes to buy $500M more of BTC, and last week they bought $800M

USDC printed $370M in the last 2 hours

And the biggest of all was yesterday we had a record $1B in inflows to the etfs.

Going to be a ATH every day.

Numbers are not in for todays trading session but yesterday was another bullish day. Something like $500M added. There was also the weekend tether print of $2B, about a quarter billion of USDC print, the $800M MSTR buy and you got bitcoin all over the news pretty much.

I think everyone is jumping in because they think $100K is a given. And seeing how we almost never dip and keep pumping in the NY session. I think its going to be a very bullish season.

I’ve been reading articles from all these hedge funds about bitcoin and various stocks and the conclusion is that they don’t know what they are talking about 50% of the time.

Half the predictions are correct and the other half are not. No point in reading anything that they write.

They are your competition pretty much on the open market so why would they give you any stock tips?

Yes it was a crazy time. Who remembers Bitmex back then?

For those that don’t know it was the largest perps swap exchange at the time. And there was massive massive liquidations. It got so bad that the owner basically shut down the exchange because if he didn’t it would of collapsed to $0.

Most likely other exchanges would of been fine but the arbitragers would of kept hedging and dumping on other exchanges. It was a crazy time.

For the next few days the exchange had a huge discount relative to spot. I think something like $500 or so. That sure was a crazy day.