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So you admit that with Bitcoin, there is a way to ensure that you have 100% control over your money? Can you ensure that with traditional finance? I don't care how much regulation there is. If they don't like you, they will screw you. Who even wants to give power over to "them"? There are...

Yes, but at some point, when the longs are starting to feel invincible, the rug will be pulled to. The only question is will it lead to a lower low or not. Clearly shorting once the lows from October break will be a bad entry. The time to short is during this rally, and especially at the top...

I think the point was about the fact that not everyone can withdraw at once. We clearly don't have to worry too much about bank runs here in the west because any shortfall is going to be covered by the government with printed money. It does make a bank somewhat safer than a crypto exchange...

I'm with you on the analysis part, but I wouldn't say the market speaks the truth. I would just say that the price reflects the opinion of the biggest players for that day. No need to step in front of a steam roller if you're bearish. Just wait for it to pass and then short. I bet everyone...

Excellent video. I loved when he said all banks essentially operate the same way.

Most of the jobs are in the public sector, hence a net loss and not a net benefit.

I was going to reply to your comment but then saw this post which is exactly what I wanted to say anyway. Yes, cryptoland fraud is huge, but all the fraud in traditional finance is just as bad.... It's just that the taxpayer pays for it.

Oh crap... don't let me affect you! We both know that your short can in no way influence the market. But your thought is very nice indeed.

Ouch.. this one would be painful for me....

LOL.. what a joke. Look at how the hashrate keeps rising for bitcoin mining, even in this bear market, and then ask if all of these miners are stupid or maybe they know something you don't!

Believing in the metaverse is like asking if you want to fuck a robot? If the answer is yes, then fine, you might be a candidate for living and working in the metaverse. But I will always want to fuck a real woman, a biological woman, a woman from birth, a woman born with a vagina and real...

I enjoy reading your thought process and trades, so keep it up! But as an observer, its just obvious to me that if you're going for 20 point wins, which you do like to do, you're gonna get a much lower win rate and lots of BE trades than if you're going for 5 to maybe 10 points. It of course...

I agree and Friday is a good example. Suppose you saw this action at where I have the dotted diagonal line. You see price wants to break 3850 after trying so much, and you even wait until price comes down to this line that seems to be forming support and go long there. Well, it goes right...

This part really stands out. Being rewarded for putting on a trade you shouldn't is almost like going backwards. But clearly the reward is often enough that the behavior is reinforced. But I will say this, to completely contradict exactly what I just said above. Considering that any one...

Lol.. my bad then. I have seen others do exactly what I mentioned, so automatically assumed it was this since it lined up perfectly. But yes, it makes sense now.

This is so stupid. If you draw the extension from the 0930 open to the high at 3870, you can't be taking credit for the little blue circles you have at 50% 61.8 and 78.6%. At those times, you had no idea where the high was going to be. In fact, if you draw your first extension from the low to...

Wow.. you just got your wish! I should maybe use the SPX close, but for some reason I'm just using the ES RTH session.

What's interesting to me is that the gap on Monday at 3615 is the only one lower and there are a shit ton of gaps up much higher.

Not that I know anything about this, but I do remember the LME, London Metal Exchange, esssentially stopped trading on a short squeeze, and even reversed trades, all so that the rich Chinese owners wouldn't suffer losses on the metal I can't remember. So to be honest, I don't think there would...

This is a good point actually, for now, but I think a catalyst will change the dynamic in a profound way.