Now I have not used FTX for cryptos, but this video has surfaced of the Alemeda CEO being interviewed (in English) 5 months ago. I mean, how could you trust your money to someone like that? Now, other exchanges are feeling the heat, so it appears that there may be a domino effect. A time to buy, or bail and sit by the sidelines for a bit? "It's only when the tide goes out that you see who has been swimming naked" -Buffet
OT sorry, but equities are probably in the "resistance" phase, god help them if they're still in the "denial" phase. We used to trot this chart out a bit, especially around 2013:
Agreed and equities could well have a 10 year cycle completion ahead.... This bloke is as popular as ever. PURE GOLD!
That part doesn't bother me - it's the textbook 'New Paradigm' that people always seem to scream and fall for at top of the euphoria, no matter how many of those cycle charts you throw at them.
I have heard that we are in "a new paradigm of investing" from a few different sources, including in some of the threads here. It does sound a lot like "this time it's different." Time will tell, and time is hell.
"New paradigm" is probably in the corner opposite the "throughout human history..." argument. Let them slug it out, we'll be better for it in the end.
A "paradigm shift" is only a concept conceived by philosophers. For all anyone knows it doesnt exist and there is no difference. A paradigm in their own minds maybe haha. Cycles are consistent as always within a couple years either way but otherwise spot on. The reason they are cycles i suppose.
The problem with fundamentals is that any data can be change to fit any agenda. You cant do that with TA. A chart pattern is a chart pattern and you have probabilities. Manipulation could happen behind the charts but it doesnt matter.
Heard Alan Kohler on radio saying that there needs to be more regulation. Enter government.............. Funny how a peer to peer payment system emerges and up pops middle men between the peers.
Oversight and "middle men" are not the same. Edit to add: the introduction of regulatory oversight doesn't mean that consensus will now require a trusted third-party.
Could cryptos really be called P2P? Since all transactions rely on intermediation (miners) and Lightning adds extra hops. P2P means two individuals interacting direct with each other, and that doesn't happy with any crypto.
