Is the crypto winter over?

themickey said:
I decided to be greedy and stupid. Last week BTCUSD appeared bullish on my spreadsheet and in anticipation of a breakout bought prior to the proper final anticipated signal (idiot! :banghead:) Bitcoin decided to dive down rather than bounce up. I've sold now as the buy signal has disappeared. Yeah, I was so bloody confident and cocky, ya got burnt didn't ya Mickey! :)
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Do you ever go short?
 
deaddog said:
Doesn't matter where, once the market knows you are short it will reverse.
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Sure enough. But some whale must have read my post since and thought I was right. :D

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johnarb said:
Is it Wednesday today? Yes, so must be US guvmnt fud day
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I have recently started following this guy as well. I think its good to be exposed to the other viewpoints as well.

Its interesting to me that the government is selling. They clearly don't need the money since they can just print it, so holding on to this many coins, which I think is more than Saylor has, would be a huge competitive advantage. At any rate, if they really did sell 10k, and have 200k, then dropping 5% on the market certainly hasn't done much to the price. I don't see how they can crash it to 10k.

Also, all of this talk about high fees is super bullish. If miners are getting more in fees right now than the block reward, this is clearly not sustainable for who ever is doing it. I think its awesome that they have to waste so much money just to clog up the transactions for several weeks.
 
NoahA said:
I have recently started following this guy as well. I think its good to be exposed to the other viewpoints as well.

Its interesting to me that the government is selling. They clearly don't need the money since they can just print it, so holding on to this many coins, which I think is more than Saylor has, would be a huge competitive advantage. At any rate, if they really did sell 10k, and have 200k, then dropping 5% on the market certainly hasn't done much to the price. I don't see how they can crash it to 10k.

Also, all of this talk about high fees is super bullish. If miners are getting more in fees right now than the block reward, this is clearly not sustainable for who ever is doing it. I think its awesome that they have to waste so much money just to clog up the transactions for several weeks.
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There is a big incentive to suppress or bring down the price of bitcoin as the banks are failing

Bitcoin and cryptos are an alternative asset to bank deposits which could accelerate the bank withdrawals. They probably saw the metrics when the banks started failing

That's why Operation Chokepoint 2.0 is going on full speed right now

Jump and Jane Street leaving the business among other things

All crypto firms and projects are leaving the USA. This is a good thing in the long run, imo
 
johnarb said:
There is a big incentive to suppress or bring down the price of bitcoin as the banks are failing
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Honestly, I would love this. Bring it all the way down to 10k. I know I'm throwing more money at bitcoin, so a 10k price allows me to buy more sats.

Since I expect market chaos sometime in the next few months, and since bitcoin is still heavily tied to equities, I do expect price to come down, and it hopefully will, but if it doesn't, it will be more painful to add at 30k and 35k. I would really love to be filled at 25k and 20k and lower.
 
I am seriously debating on re-setting up some limit-orders just to bottom feed and get filled on a flash-crash. But... honestly I am far from counting on getting that lucky.
 
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