Not that I would ever buy COIN, but over 20 Wall Street analysts still have a price target of $271.23 on the stock. It's currently @ $55.37.

That means that either they know something is coming that we don't know, or they are all complete fucking idiots.

Hahahahaha!

His 'updated' Average S2F ratio model puts the possibility of crossing above $100K for the first time around late 2024/2025.

Which is literally what most bitcoiners would have believed is easily achievable before his model even came along. Like 'No shit, Sherlock.'

Yeah, let's revise my PlanB model further out to a 95% probability, so when it happens I can say my model was right all along.  

The stonk market right now feels exactly like it did around October 2011.

In the spring and summer leading up to 10/2011 there had been a huge rally with the S&P 500 reaching new ATHs.

Then came the crash starting around July 2011.

Once the bottom of market was reached in October, I distinctly remember the fear in the MSM that the market had much further to fall. At least back to July 2010 levels.

It never did.

The stonk market climbed a wall of worry to reach new ATHs by Feb 2012 and never looked back.

Moral of the story: When the MSM starts chanting that the market is going to crash much lower, it probably won't.

We're not fans of your newfound optimism.

Don't feel right.

I mean, god forbid that M. Saylor comes out and says "Hey guys, chill out! Bitcoin would have to fall to some absurdly low price level before we did anything, and even then we would just put up more collateral. We wouldn't have to sell a single satoshi."

Oh no, what will the bears and trolls posting their Microstrategy margin call doomporn do now?  

All of the DeFi Eco system is a true joke.

It's amazing to me that people think these schemes to give people a return far greater than what Bitcoin can itself are real.

It's all Ponzi rube goldberg smoke and mirrors, and none of it is sustainable. You can't create "gains" or "returns" out of thin air.

Terrawhat?

Seriously, if it hadn't been mentioned, I never would have known it existed.

Who cranks out all these garbage "stablecoins" anyway? And why would anyone trust them?

People new to the Bitcoin market often wonder during bear times, "Who's doing all the fkn selling?!?!?"

The secret: It's literally a small group of colluding whales, that control all the float rn. Most likely exchange whales.

That's it, that's the secret.

And right now, they are determined to push the price sub $30K. Because they believe that price level is a psyche threshold that paper-handed n00bs care about.

It's all about inducing panic.

Lol

Sorry but I couldn't resist... this one is for you JJG  

So the bears are clearly gunning for sub $30k.

What a shock.

At least they telegraph where you should be putting your buy orders at.

Also to note: the bottom must be near, because I'm seeing a hela lot of sock puppet accounts swarming financial channels on YT telling people to get out of the market because it's gonna crash much much lower.

How to punk your mother on Mother's Day


https://mobile.twitter.com/mayemusk/status/1523478931587837954

The Fed doesn't actually have to lower rates.

All they have to do is say they are going to pause rate increases, or even consider pausing rate increases, and the markets will stabilize and possibly go up.

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I'm reminded of an Alan Greenspan interview I watched one time.

He said that during his tenure as Fed chair, his email inbox and phone message box would be flooded every single day from Wall Streeters, bankers and wealthy elites.

He said all the messages were yelling/urging/pleading with him to lower interest rates. Not one message was asking him to raise them.

Let that sink in for a minute.

So how long will the Fed continue to pump rates while getting irate messages from their elitist Overlords?

The first time that bitcoin crossed this price level (~$34k-ish) to the upside was on 01/02/21. That means that anyone that bought any bitcoin for the first time in the last 17 months and held it is likely underwater, all the while inflation jumped another +15% or so.

That sucks big time. Psychologically, 17 months is a long time for weak hands. (Of course that means that they are still winning vs. stonks with relative losses > 15% during the same period)

I just hope that they have the balls of steel to weather this storm. The tide will turn, and then none of them will be underwater.

When we go sub $30k, who sold at the bottom?  

Who's our next Mindrust?
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Too soon?

Just like the "pump" part of a typical crypto pump-and-dump scheme, the NFT scammers start off the scam "pumping" some NFTs by actually buying them with real money, real tens of thousands or even millions of $$$. Why? Cost of running the scam: to sow the seeds of FOMO. To make the participants think that NFTs really have value, that someone else is willing to pay big money for. What's a few million spent on an NFT here or there in the beginning, when you can sell hundreds or thousands of other NFTs for tens of millions more $$$ once the FOMO starts rolling?

That's how all these PnD scams work. It's that ol' saying, "Perception is nine tenths of reality". Fake [the market] until you make [the market]. Once you make the market, leave the poor bagholders holding a bunch of worthless junk, while you leave it behind with millions in profit.

They are doing the same bullshit tactics with Metaverse properties right now. Same scam, just a different medium.

You have to look at the bigger picture. Low unemployment rates don't really mean anything, because they are always relative to total current actively searching or recently employed within the last 12 months. They don't take into account people who have permanently exited the workforce for good.

You have to look at long term labor charts, like this:

https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm

See what has been happening there? You don't see a problem with worldwide population rising while at the same time employment constantly falling over the last 20 years? If more jobs were being created every year, then labor force participation would be rising along with population growth, not falling.

And yeah there may be plenty of jobs at the lower end out there, but if they don't pay a livable wage (ie, can't pay rent, eat, bills, etc.) then nobody will take them.


This was written in 2020, so just imagine how much they have to borrow now... it's really quite unsustainable long term.

https://www.debt.org/government/

Yeah, I was thinking the exact same thing. With all the mass employment shakeouts over the past 2 years, I'm imagining that IRS and state tax revenues have absolutely cratered.

So how are they going to make up the difference? How are they going to pay for govt services and service the deficits? There's only one way: moar printer go brrr.

But QT and raising rates into a huge worldwide recession with GDP falling? That's economic suicide.

I completely get it. We're in the same boat, trying to get a second building put up on the property, and my builder has been pushing me off for six months now. Says his other builds are dragging due to material availability issues. If he doesn't commit soon, I'm going to have to look for another builder.

It'll probably take 12 months just to get it built. Then after that, we've still got a shit ton of landscaping and hardscaping that I know will take forever to get done.

I swear, if anyone out there thinks that they can get new home construction done in 6-8 months, or even within 12 months like you could 15-20 years ago.

Well I got news for you: it'll take 2-3 years now. Years.