Sure looked the part over the last few hours! haha
Is the crypto winter over?
- Thread starter schizo
- Start date
Sure looked the part over the last few hours! haha
Jeez youre in tune with it John.Up 16% for the day on my chart.
You could be the next Oracle of Omaha! haha
Bitcoin loves money printer go brrr... Bitcoin has not broken through the $25k resistance, hopefully today or tomorrow
LFG mate!!
This is absolutely mind boggling. How a bailout of SVB's depositors is actually benefitting the crypto space such that BTC rallies nearly 10% in one day (while Nasdaq only makes a modest 1.5%).
In addition, the Fed backstopping SVB's depositors in no way means the money printer stays turned on indefinitely like in 2008.
Anyway, kudos to ya if you're still in the trade. As for me, I bailed out earlier and I'm thinking of shorting near 25,000
Thanks. Unlimited FDIC insurance means unlimited liquidity means money printer go brrr
I'm still in the position and planning to add if bitcoin hits $27k
Good luck to you too if you short at $25k, it's been a hell of a resistance for bitcoin
What is means is... MUCH, MUCH, MUCH, MUCH, MUCH more moral hazard, and big troubles ahead...
Amazes me on how many times the US government makes the system so much worse with every band-aid.
Let me re-iterate for every FIAT-zealot out there.
It will be, as it always is in the FIATverse... the TAXPAYER who will have to pay with the new FDIC insurance changes. But they'll now have to pay far worse than ever before. And they'll be doing it again, and again, and again....
When the money-printer runs, it is YOUR wages that are being robbed. Now, I know they don't teach you this in America's PoS educational system. And that's exactly why.
Surely you'd think at times like this there should be an improvement educational over-haul... nope. Now schools are indoctrinating wokeanomics; that's your over-haul of the educational system. A new paradigm.
Okay, I'm short from just below 24400. Profit target set for 21500.