Huh? It really weathered 2022...not! Wasn't around during the dot com crash or the GFC, so that is a pretty BS statement, TBH as it has seen very few meaningful downturns I'd like to know where the real bottom/floor will be? 2500 AUD?
The FED & its banksters franchises around the world will be bringing out their own cryptos soon and they don't like competition. So that means a slow and steady death for the other Craptos, the floor price for bitcoin will be $0 which is its intrinsic value. All 'unapproved' cryptos and cash will cease to exist by 2030. Welcome to your digital prison planet. To those of you who got on early to the cryptos gravy train, I hope you enjoyed the wild ride.
The debate around CBDCs is just a distraction. It gains no meaningful traction any where else except in discussions amongst those on the fringe. In other words, there are far more important factors at play that people should be watching.
Illogical. The Fed and other CBs are not franchises, intrinsic value does not exist as all value is subjective ie it is assigned and if a retail CBDC is introduced it will not compete with cryptocurrencies but with money created by the traditional financial sector ie deposits created for loans. Therefore your argument that BTC and other cryptos will be $0 has no sound basis to it.
Probable death cross on the weekly incoming. This will be the ultimate test for the hodler bros! Prepare for the carnage and hodl tight you crypto apes!
I would hardly call it the ultimate test. The ultimate test for BTC will be macro/fundamentals driven not some TA of past market behaviour. Unless there is some black or grey swan event which cannot be foreseen your death cross will be a non-event. Grayscale and Gemini capitulation may bring the fall, that's what's worth watching going forward.
I wouldnt say Btc needs any black swan when its staring at the kiss of death already. And theres no need in watching the Winkletard twins or anyone else squirm when the charts show everything. Those guys are in serious trouble. Hopefully they have some key date bitcoins or other aircoins haha. If not maybe the fundamentals will save them and the charts are wrong.
The charts are never wrong, nor are they right, they're just a record of trading behaviour. For every novice TA calling for the price of BTC to break down there's one calling for a run up in the price. One camp has to be wrong. You can stick to reading tea leaves and cat's guts, I'll stick to the macro environment and fundamentals. https://www.tradingview.com/symbols/BTCUSD/ideas/
Well there ya go. Ill stick to my cat guts and tea leaves haha. I like trading by what the charts say and not how i wish it was.
Begins with a quick dive into the hype around NFTs (which are not crypto-currencies), that's always popular with the anti-crypto crowd. But anyway. The creator embarks on a deep dive into BTC and others, making some valid points along the way which were objectively arrived at, but also some invalid points which are nothing more than his subjective opinion or just plain wrong. Valid points: 1. The origins of BTC, why it was designed and to whom it may appeal. 2. Early adopters felt they were on the cusp of something revolutionary. 3. Demand for BTC saw it's price rise. 4. Attracted the interest of wealthy investors. 5. BTC's deflationary model makes it a poor substitute for fiat. 6. BTC has scaling issues. 7. Most people buy BTC as an asset. Invalid points: 1. BTC is a religion and Nakamoto a Jesus-like figure. 2. A new currency system should not be controlled by an algorithm. 3. Mining is wasteful of energy. 4. BTC is not used to exchange value. 5. BTC is a "shell" of its former self. 6. BTC is a Ponzi. Once he got to Ether I basically stopped, fast-forwarded, skimming through because I knew where he was headed. The creator of this video took about an hour to explain using both facts, conjecture and opinion that some nefarious individuals in society will use whatever means they can to make a quick buck off someone else. Holy crap Batman, who would've thought? Now, anyone for a Michael Moore documentary?
But people do: Or there's this one: And then there's this: The charts don't lie: It's what the charts are saying I tells ya: https://www.tradingview.com/symbols/BTCUSD/ideas/ Yep, the charts are saying we're in a neutral zone, BTC will go down, it's bullish, BTC has found resistance, it's bearish, there is no trend, it has support.......... Go the charts!
It's like the weather... high and low pressure systems and other factors can increase the odds of getting it right... but earthquakes, floods, bushfires and UFO's can still ruin your day.
Yea it will have bumps on the way down. It never goes straight up or down but does both. It all depends on if someone is watching short range or longer range. By the charts talking means they are forming chart patterns. Most people understand that lingo sorry. Ill take it slow.
Well it can go up on the daily or hourly chart while its going down on the weekly or monthly or vice versa. All depends on what you are watching. Some guys watch the daily or hourly moves and some zoom out further for a bigger picture. They can be totally different.
