The markets spilled their coffee,... : (
Bitcoin Price Thread
- Thread starter Magna
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The markets spilled their coffee,... : (
Reminds me of the early 2000s when the dollar was declining, Mrs. Tom Brady wanted her salary in Euros because she claimed the dollar would soon be worthless.
Celebrity knowledge rivals journalists knowledge of financial markets. Its like when journalists talk about a market move it is already over since their knowledge of markets is usually 0.
Celebrity knowledge rivals journalists knowledge of financial markets. Its like when journalists talk about a market move it is already over since their knowledge of markets is usually 0.
That's ok, because it will eventually evaporate into the clouds....
Interesting that the equity markets didn't like the jobs data but BTC, ETH, etc. loved it. I guess the data was good news for the economy (vs. the ADP report which said 300K jobs were lost). ETH really skyrocketed (up +17%).
These huge rallies are sometimes representative of bear market rallies. See what happens.
These huge rallies are sometimes representative of bear market rallies. See what happens.
Crypto traders are not well schooled. As Wall Street banks began shorting, they should have squeezed it on the first drop to 33,000. They seem to be finally learning. As it was moving back down toward 36,000..they squeezed the sht out of the shorts. Need to keep following through. 45,00 would get a rally going.
It could be a the best NASDAQ bear market hedge if they traded it correctly...as it has no ties to a NASDAQ type instrument. Gold traders have been behaviorally modified and don't even try any more.