Is the crypto winter over?

Dude, it's already been cracked.
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Nope, that was a very dubious title meant to click-bait the user into reading it, only to reveal near the bottom that it didn't really crack anything. It's just another APPROXIMATION method. There are at least 20 others of them floating about.

Since Newton's time, many physicists, mathematics, and quants have tried to 'crack' the problem. But it remains unsolvable.

If it WERE solved, you'd see a whole month of Nasa interviews on TV, with Elon Musk stocks shooting up to the moon and the man himself giving talks on CNBC how it was going to affect all the other SpaceX related stonks.
 
schizo said:
Anyway, we might pull back slightly in the overnight session (possibly down to 23,000), but should pop back up tomorrow. That's my plan going forward. Good luck!
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Good call again, schizo! Pulled back down to 23k and even lower today to below 22,800

Are you still holding your bitcoin short from the $23,602?

Good luck with the trades, too!
 
johnarb said:
Good call again, schizo! Pulled back down to 23k and even lower today to below 22,800

Are you still holding your bitcoin short from the $23,602?

Good luck with the trades, too!
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I got carried away with ES and forgot all about BTC. :)

No, I bailed out of my short position earlier and now I'm holding this loser from 23000. Ggrrr
Still kinda hopeful we will reverse and head higher. Will see how it goes tonight.
 
The_Krakenite said:
Nope, that was a very dubious title meant to click-bait the user into reading it, only to reveal near the bottom that it didn't really crack anything. It's just another APPROXIMATION method. There are at least 20 others of them floating about.

Since Newton's time, many physicists, mathematics, and quants have tried to 'crack' the problem. But it remains unsolvable.

If it WERE solved, you'd see a whole month of Nasa interviews on TV, with Elon Musk stocks shooting up to the moon and the man himself giving talks on CNBC how it was going to affect all the other SpaceX related stonks.
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Well, in that case, it would be better that some things remain unsolvable. That way, we can continue to have irrational markets like we do today, providing traders a chance to make money from the chaos. After all, wouldn't you agree efficient market sucks? :sneaky:
 
@schizo There is truth to that. IIRC it was Dr. Burry who mentioned that going to school to learn to be a world's top investor/trader was one of the stupidest concepts. If there was such a thing as becoming even a few basis points better as either trader/investor that way, then EVERY university would be costing an infinite amount more of $ to enter, and everyone would be investing as many hours of their life away in universities to improve their basis. No one would want to graduate.

And in the end, you wouldn't even be able to find a spot to make money anymore, since it would be taught to everyone else.

In reality, there is no such correlation.
 
Damn, BTC is taking a beating tonight. Is this news driven? Is there another scandal on the horizon?

Yet, I think this is the worst time to bail out, so what I will do is patiently wait until it either retraces back up or double down when it goes down to 22,350.
 
As if they've read my mind or saw my order, or whatever. Somebody gimme a slap on the face.

upload_2023-2-8_20-21-12.png
 
johnarb said:
Nic Carter's article came out about 3 hours ago. It's worth a read

https://www.piratewires.com/p/crypto-choke-point
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From the article...

"The Biden Administration is quietly trying to ban crypto. Nic Carter explains in an explosive guest post for Pirate Wires."

Good. I think with this much emphasis on taking Bitcoin out, it will put it in the spotlight. At a time when the entire world is learning about the farce that Covid was, I think the message that "everything the government does ends up being wrong" is getting clearer.

This also means the officials are getting worried. They know there is no way out of this fiat mess given the debt and interest rates and inflation, so they need to fight hard or else lose. Actually, the fiat world is almost like the trilema for Bitcoin where you can only really do 2 out of 3 (security, decentralization, speed). So for fiat, with so much debt, you can't use high interest rates to solve the problem. And if inflation is high, you need the higher interest rates in order to reduce demand. So you're really backed into a corner with fiat.

Anyway, I think attacking bitcoin is a wonderful thing. Lots of politicians already own it, so there should be enough infighting between them. And if the US wants to not be a leader in what will revolutionize the world, then let them lose this very pivotal war.

Not only will USD eventually move away from world reserve currency status (slowly of course), but now the US wants to also get out of Bitcoin??? Talk about a failed policy.
 
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