Bitcoin is far from the bubble of any sort, but I am turning cautious on the rest of the market:
1. Speculative names had peaked, witnessed by ARKK showing a nice summit.
2. SC will render a decision on student loans on Tue. If they reject student loan forgiveness (as most expect), then the logical direction is down for a bit.
3. Fed reserve would not "like" to have a continuation of the bull into rising rates (which they will probably do in July). I expect a small bump in some inflation number, which would give them the "go ahead" signal for 0.25 or maybe even 0.5 ("one and done"). BOE went for a 0.5% increase recently.
Haven't decided if i want to actively "play" these developments or just stay put.
They all sound good. But this cat is not a player.. good luck if you want to take positions that may or may not end up panning out.. and surely, I agree with your observation that a decently good chance bitcoin pump (or failure to dump) in the midst of ongoing rising interest rates... must be not very comfortable.. unless they are actually realizing that bitcoin could end up being a kind of savior for them, if they were to start stacking (perhaps covertly?).
Sure feels like we’re back to up only. With leveraged funds entering the mix now I expect a ton of volatility and there are lots of investors who will have reason to pump Bitcoin now. I wish we’d seen a spot ETF first and things like this a year from now, so we’ll have to see how it goes. It seems early for the market to be pumping BTC into a bubble.
I don't think this is the real "up only" bull market pump. This is probably a usual intermediary cycle pump with afterwards corrections.
We will probably stay around 25k-35k levels (with some wicks) for the next
1 - 1.5 years 1-4.25 months.
... you will thank me later.
Please re-launch that chopper @vroom
what do you think about this version of the chopper until we reach a new ath?
edit: please note the incredible small file size, only 67kb
Wow!!! What an imagination!!
I like it.. except personally, I think that directionally, it should be winding out, rather than winding in..
........
Let's enjoy the "spoils" of a much appreciated strong bull run.
Agreed!.. Lets enjoy the spoils!
While this run off the bottom has indeed been impressive, I'm not yet counting my eggs. It feels like the newcomers in the market don't really understand the problems that Bitcoin faces and are instead looking to pump themselves to riches and bonuses. This will ultimately lead to the failure of Bitcoin. However, that is a long ways from where we are currently, so for now all you can really do is enjoy the ride and wait until a proper exit point when BTC has reached new all time highs. That's when I'll enjoy the spoils. Right now we are still less than half of the way to the recent high, so I'm not excited yet. I'll start becoming excited when we pass $50K and the FOMO begins anew.
Wow!! All these years in bitcoin OgNasty and you still neither seem to understand it, and you seem to be spending quite a bit of energies valuing your wealth in the dollars that you are planning to cash out.. ..
Hopefully, for yourself, you don't cash out too many of dee cornz too soon.
Poll
