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Listen, investing ain't about making a directional bet, hoping price will be higher tomorrow than today. It's more about finding people who are dumber than you. They're the ones who believe the price will be higher tomorrow than today.

Well, but they're not technically "printing" out of thin air. When traders like you and I buy Tether, we need to pay them with real money. For instance, if I want to buy 10,000 USDT, I need to fork over $10,000 (plus fee) from my bank account. It ain't like I get it for free.

I just don't like CME.

I would say gold was considered a safe haven up to 2008. When stocks tumbled, bonds and gold rose (for the most part). After 2008, with all these quantitative easing, the correlation between stock and gold all but evaporated.

Yeah, there will be some quick bounce at 26,500 area, although I think there's a real possibility that it can slip down to 25,300 or thereabout. I'll definitely be reversing back to long then.

Now that the equity market is closed for the weekend, BTC is reversing course and tanking pretty hard. I think there's a good chance we retest 25K over the weekend. Buckle up and brace yourself.

I just hope UBS don't bring in any of those morons at Credit Suisse. Some of them should be locked up behind bars or, at the very least, barred for life from the financial sector.

Sorry, that's a typo. I shorted at 27,800

Flipping from long to short @ 27,800

I'm merely pointing out that the H&S can be found on "renko bars", if you look hard enough. BTW I merely copy/paste that chart found on the web.

Here's what our buddy, Jerome Powell, said at the press conference (although whether that's to be believed or not is another matter): "That balance sheet expansion is really temporary lending to banks to meet those special liquidity demands created by the recent tensions. It's not intended to...

Well, more power to ya. That must have been a ride of a lifetime. But be sure to preserve what you have. As I've said repeatedly, BTC might NOT come back next time.

BTC's big rally in 2020 was thanks in large part due to another round of QE in the aftermath of Covid outbreak. But as soon as Powell and his team decided to raise the interest rate in 2022, BTC fell off the cliff. And we know there won't be another QE in the foreseeable future. So, with that in...

Now allow me to go back to what I love. The bullish momentum is still in play, so I wouldn't be surprised if we bang against 29K again. On the other hand, if we break below the solid trendline, we could pull back to the 26,700 level and become rangebound.

WTF? Are you sure about that? Then what is this?

Well, I love you too including all the sarcasms. :D Listen, this ain't about fiat. I was talking about the rules that govern good trading or investing. Staying married to your position while it plunges 90% is by all account bad trading. Just because you hate fiat, you shouldn't have to stay in...

So devry offers a degree called "hedge fund manager"? Can someone please pass me the Koolaid? I need to get drunk.

Allow me to play the devil's advocate. How can you be so certain that BTC won't end up like 2022 all over again? Just imagine those poor souls who got in at or near the ATH. While we've recovered a good deal from the low, we're still 60% under water from the top. Yes, after what we've seen so...

Appreciate you circling back. Hey, I hear what you're saying. But is short price spikes sustainable? As you stated, we do periodically see big overnight moves. However, that's usually driven by some bullish news from overseas market. If there's no real news to back up those moves, you will most...

That favorite ****** we all love, indeed. :D I understand all that, but even though BTC came roaring back after 3 spectacular crashes, that doesn't necessary mean it will survive the next crash. You always need to keep that in mind. Otherwise, you will lose it all, and then some. I guarantee...