With Celsius having paid off their debt and FTX saying they have billions of dollars to backstop the crypto industry, you might say this liquidity crunch is on the way to being behind us. The market is celebrating this news. Another development in the market is that mtgox sent out another update about funds being distributed to owners. While no date has been set, it is clear progress is being made towards distribution. ETH2 also completed another merge test yesterday, signaling those locked funds may be released by the end of the year. You can see the stage is set for the next major rally. We just have to wait for the pieces to fall into place. I'd urge caution until mtgox and eth2 are in the rearview, but then I'd say you'll want to be one of the first through the door (if you're a market timer, always buy if you're a sat stacker).
I won't be too optimistic if i was in your case, I mean july 28th is right around the corner when the bureau of economic analysis will release their "Advance Estimate" of the 2nd quarter of 2022 and it will most likely show that we are oficially in a recession, Which is... you know not good especially for
BTCSo i would probably want to hold off and wait for this storm to pass before dumping my life savings on bitcoin.
Oh?
I did not realize that you were such a bear Hamich124D. Hopefully you realize where we are at
in terms of the 200-week moving average and also other BTC price dynamic understandings whether considering 1) stock to flow, 2) four year fractal and/or 3) exponential s-curve adoption based on Metcalfe principles and networking effects, and you are not sufficiently/adequately failing/refusing to pee pare ur lil selfie for UP in case your lil correlation theory does not play out exactly (or even close) to how you seem to be expecting.
Nah mate i'am bullish and currently holding bitcoin myself, I just shared that because i thought WO would be interested to see another "POV".
Any extra info is usefull in my opinion, Even if you may not like it.
I put your quote back in (above) for convenience (and clarity) regarding what we are talking about.
First of all, in your first response, it appears that you are making your own opinion, and you are not citing someone else's opinion.
Second.. who gives any shits if I like your opinion or not. You have a right to have (and express) whatever opinion that you like to have. whether dumb or smart. I was merely trying to figure out what the fuck you are talking about.
Third: for clarification this is my understanding about what happened. You posted some kind of bearish assertion (your post referenced above) regarding the bitcoin price being correlated to current negative macro circumstances. I then asked you why are you so bearish and I hope that you are prepared for UP. Then you responded that you really did not mean what you said in your post, you were merely providing an alternative perspective (implying that you are so wonderful to be able to provide that alternative perspective that is not your own and suggesting that I don't like your contents).
Yeah... I don't like your contents:
not because it is predicting negative BTC price moves because I could give few shits if you want to predict negative BTC price moves based on dumb reasonings.. I have seen plenty of lame-ass dumbness through the years, but instead I don't like your contents:
because I don't know what the fuck you are talking about, and when I tried to get a wee bit of clarification from uie-pooie, instead of clarifying you waffled, deflected and refused to take responsibility for the assertion that you had made in your initial post..