Thats your perogative. However, I disagree with you on a number of points. James wasn't a shill for Solana. In his defence, he was attacked by investors who don't have the expertise and are to lazy to bother doing their own research and blame him because he likes a project that outshines many others. The facts were, it was a much faster blockchain than anything else around. Still is. The biggest issue was the amount of outages even though it was in Beta during the 21 -22 season. It still is in Beta until Firedancer is fully rolled out mid-2024. There has only been one small outage early this year. Even Etherium has outages, but we never hear about them. Don't forget the bridging. Also Sam Bankman Fried was the promoter of Solana at the time which increased the prices to extreme overbought levels. That was a bad mistake and Solana paid for it. Not until all the dirty washing came out most didn't know just how toxic FTX was along with Almeida Research. The first domino to fall was Luna which contributed to the demise of FTX and Celcius. I had a sizeable amount of Solana and Luna I bought in 2021. Thankfully, I only lost a 1/3rd of my investment in Solana when they tanked and got out of Luna before its demise. James as with other youtubers had Alex Machinsky on his channel a couple of times. The last interview and I remember it well. In that interview he challenged Alex because there were alot of rumours floating around that Celcius was insolvent. Alex true to form lied through his teeth reassuring investors that everything was okay, even though they weren't. The only thing that James did wrong was give him the benefit of the doubt. Sure enough to form Alex dissappears leaving everyone including Simon Dixon to clean up the mess holding the bag. I don't blame James for that. If someone were to ask me why I still hold Solana now. My answer is I believe in the project after doing my own research. I never rely on any one particular source.
The Solana system is by all accounts, technically superior to Ethereum (it's direct competitor in the smart contract blockchain space). The price action in SOL took a hit because Sam Bankman-Fried/FTX was a huge investor and the market got scared that their holdings would get liquidated on the market in the bankruptcy proceedings. Now that it's clear that isn't going to happen, SOL has been on a tear. There is still a good bit of analyst chatter that Solana has the goods to overtake Ethereum's position. Time will tell.
Hi Shiney, I had planned to give you a long winded explanation which i probably would have messed up anyway. Rather than put you through that, Plan B describes it clearly in a Video he did about 10 months ago. It is still very relevant in todays market. If you want to skip the introduction of the RSI Chart and go straight to the Realized Price Chart start it at 6:15.
People are actually building on BTC platform itself...most people dont realise this. Ethereum and all the other side chances started because of the inability of BTC to do what they can That was then. IMho this run its about whats being built on BTC itself. Why do I think that?.....maybe a team I know turned down a Vc offer of USD$ 5 mill for a project last night. It will be worth 10x that at product launch.
I saw your posts. I tried to look into it. I could not figure out how to acquire any. It's not listed on any exchanges where I have an account.
A Weekly Chart This is an incredible opportunity to be in the market at this early stage of the Bull run. We have approximately 4 months until the halving around 14th April. The Purple Box I have in the chart is where I believe some of the most volatile action will take place upto the halving. (42.5k - 48k) Given the pace at which BTC can run, we could even break through the 48k level before April and then come back down later to retest it. The 42k is a major Support/Resistance Level as it is the 50% or Halfway Point between the top Nov 21 to the bottom Nov 22. This year has been an amazing run for BTC since 1st January this year.
SEC deadlines for spot BTC ETFs are Jan 10 for Ark and early March for Blackrock. I think the SEC will wait until the last day to issue each ruling. So we'll likely know on Jan 10 how high BTC gonna jump in 2024.
https://twitter.com/WatcherGuru/status/1743721804366012498 Wednesday is the 10th. It's the deadline day for the SEC decision on ARK's application. Some say the SEC could rule as early as Monday. Some say they will rule on multiple applications at once (Blackrock et al have deadlines in March, but could be included when SEC decides on ARK's application).
