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Huh? Haven't heard of that before. And what is the determining factor that decides how long a bar takes to form? Does it change depending on volatility or is each bar formed when volume threshold is filled or something like that?

You don't need to understand any of those things and it will not help you in day trading at all.

I agree that it is extremely surprising how it keeps coming back every time. But then you look at the circulating supply of Tethers and it all makes sense. they printed 100B in 3 years to keep the market afloat. Once Tether is taken care of (either shut down, or proven to be legit), once...

Tether is largely backed with Bitcoin. Ponzi scheme at it's finest.

his rational analysis has come to conclusion that the market has topped, while his greed(just like everyone else's) will lead to demise as bitcoin crashes into the abyss.

There are several decentralized crypto derivative exchanges. DYDX being one of them and they have quite significant volumes ($700M daily at the moment) dYdX - Trade Perpetuals on the most powerful trading platform

You are trading using 5 second charts?

It depends on the timeframe you are looking at it. I am looking at it from a long-term perspective. As if you are a long-term holder. So it might seem wrong in the moment, but if you zoom out it might be just a deviation. From that perspective if you sold the exact bottom at 4100, but then it...

My question is, if you can get 5% risk free, why would you risk it in the market at this point? Honestly i can't tell, maybe i am reading this wrongly, but it says US treasuries pay 5.4% APY? People are SO long that they are literally paying you 5% annually to go to cash. In crypto there are...

- incorporated offshore - claims to have $100B+ of assets - refuse to be financially audited - prints billions of dollars on weekly basis - history of working with fraudsters like SBF - history of proven lies (claiming they were backed while they were not) - banned in NY - the $850M that were...

Well you need to be aware of your patterns of behaviour and events leading up to that and then catch yourself before you do the mistake. If you know you are doing the mistake but you do it anyways, then you are not lacking discipline... you just haven't been fu**ed hard enough yet.

I am saying because it seems like they might take down the Tether fraud soon. Watch out for Tether printer. If they print more Tethers, they are going to try pump the price up first but eventually it will get slaughtered. In my mind without the Tether fraud, Bitcoins value is at around $5000...

What could possibly go wrong?

Sell in may and walk away. DO NOT ignore this age-old wisdom. Imagine the pain of loss NOW, so you don't have to actually experience it later. There is no glory in going down with the ship. Thank me later.

Technologically speaking Bitcoin is a glorified spreadsheet. It's price is a ponzi scheme propped up by fake Tether dollars. It's liquidity is very thin. When it inevitably collapses everyone will be trying to get out at once and price will fall off the cliff. The ETF sellers will be unable to...

It performs well in a risk-on environment and crashes the most in risk-off = junk asset Is there an off-shore unregulated, unaudited company that issues fake dollars at will with no proof of backing and uses them to prop up the prices of precious metals and every day collectors items and...

Bitcoin has only existed during the raging bull market. Never has bitcoin seen a recession. It's a proven junk asset. Performs well during risk-on scenarios. It crashed the hardest during the Covid crash. Bitcoin relies on new suckers constantly coming in. And they are baited through price...

Currently the best investment in the history, soon to be found out to have been the largest financial fraud in the history. It's like a ponzi scheme, those who are early and cash out in time make money, but the majority is left with nothing. Granted, Bitcoin and all other cryptocurrencies will...

In my mind all these valuations and calculations are meaningless within the current context. What is the PE of Dogecoin or WIF? It doesn't matter. It's a pure attention economy at this point. Valuation of most assets is based on the attention it manages to attract. And pretty much everything...

Honestly i have no clue whether it goes up or down in 2 weeks. If you do and you can make money on it, kudos to you. In my mind on a long enough timeframe (2 years) the Microstrategy will be in the gutters and Saylor will be rekt. Maybe he is just taking advantage of the Bitcoin crowd to prop...