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The problem is that if you see an NFT go from 1 ETH to 100 over 5 different transactions, you assume that there is a market for these things. But when you later find out that all of these transactions were between people who knew each other just to bid the price up until someone outside the...

I think one of the biggest problems was the lack of transparency with regards to sales over at Opensea. From some of the stories I glanced, there wasn't much organic trading, but more so between Opensea themselves, or between people who knew eachother. I think for there to be any hope for...

This points to Arthur Hayes.... who is also amazing... but he's not Blackrock! LOL

I honestly have Padu on ignore because I don't want to keep reading negative posts... The thing for me is that because I am so good at keeping a track of every trade, saving every chart, when I review, I clearly see that the trades aren't where I think they should go. In the moment, something...

You forgot one more.... 6. This time, since you are onto their games, instead of stopping out for a loss, you double down on the position. Every single time you tried to play the trend, it never trended, but now that you double down and triple down, it turns into a never ending rally against you!

I tend to agree, and I think its even worse. If a robot can really do many things that a traditional laborer would, then this takes even more money out of the "general" population. There will be nobody left to buy the products that robots can produce. The entire tax structure will have to...

John had some great answers, but I would also like to add a couple of things. Its interesting that you feel this way because I honestly cannot imagine what else I would own to store my (very little) wealth. Cash is of course totally dumb, but earning 5% right now is maybe not so bad. Most...

I totally agree. But I think it's different simply because of the combo of Debt to GDP... Interest rates... And deficits. We have never had this combo before. During the Volker era, I think debt to GDP was 30%. Every podcast I watch is calling for massive printing before the eventual...

It's not a lost account if you keep topping it up!

I think this scenario is only based on how the chart is moving as if there were always the same amount of players. In the traditional financial markets this is what we have. It's a bunch of hedge funds and Banks all buying and selling with a few retail traders sprinkled in. But when it comes to...

I would love to ask about this wild theory.

You totally ignore the power of self custody. Think about what happened to the gold standard. Eventually the US was forced to remove it because too many people were trying to exchange dollars for gold and gold was running out. If the futures price of bitcoin is kept low, but nobody can...

I just watched a video with Willy Woo and he almost sounded bearish on BTC. His point was that futures were able to suppress price way too much, and that $12 billion for example was all that was needed in order to suppress $60 billion of spot buying simply because of the 5x leverage. He...

So this seems like a good thread to post this. Without getting into a moral fight about what is right and wrong, as I've been saying, just the fact that Tether, the company, has the ability to freeze the funds in any address is reason to worry. I have seen too many instances where anything...

Here is an interesting piece of information... "In April 2023, Hamas warned its donors to STOP sending Bitcoin." https://x.com/SamLyman33/status/1712209368450511162?s=20

You have no idea that the freedom you take for granted can easily disappear unless there are people, like the truckers, who continue to fight for it. Since you take freedom for granted and call it an irrational reason, perhaps you would enjoy North Korea more.

Do you see the weapons that Hamas is using? American made. Jesus... they should shut down those American companies that are making them. Also, how do you think Hamas is communicating? I bet they are using US technology.... so we need to shut down Apple and Google as well. And shit, I bet...

But your take, do you mean here is how you draw boxes after the fact??

Some people use a 5pt stop. So a 4pt dip can easily take someone out depending on where they entered. You're welcome to show your trades if you're doing much better than the ideas I suggest.

Perhaps its a definition issue, but here is what I would call another false breakout. At the red arrow, ES dropped below the opening low, and then climbed back up. It first looks like its breaking out to the downside, but then goes back into the range. Is this not a false breakout?