"καλέω: to call" |
#Bitcoin
| Crypto | Options | Engineer | Do Your Own Research | Not Financial Advice | This is My Journal. ( Co-Founder -
@LedgArt_io
)
Society is so broken in California that employees are basically trained to help assist tens of thousands of dollars of merchandise being stolen right in front of them (notice them holding customers back) as everyone else just stands around and watches.
How did we get here?
Around one year ago today I sat down with my pastor, who I'm good friends with and let him know what I was going through. How I had lost everything I found my identity in. I had lost my 6 figure job, I had no money to my name and close to $100K of debt, I was recovering from two
The past 24 hours have been extremely difficult.
I took a huge loss, and an exchange I trusted for years is at the center of one of the largest bank runs we’ve witnessed in crypto.
I know I’m not the only impacted by this, & my heart goes out to others in a similar situation.
Imagine having:
- Unlimited line of credit from user funds
- Insider info to order flow
- Hundreds of millions of revenue from fees
- Massive valuation + billions from raises
- Familial ties to Gary Gensler/ SEC to push favorable policy
And still managing to lose it all
China - We’re banning Bitcoin
World - Again?
China - For real this time
World - Again?
China - Nooo, we’re for real for real this time
World - You said that last time
China - Pinky promise this time it’s legit
World - Oh shit, I think they’re being serious. Dump everything
"We need more pain before we make a bottom"
My man, we've seen:
- a top 3 exchange collapse
- 2 top VCs in the space get liq'd
- 2 top 10 coins w/ a $60B+ mcap go to zero
- lending market wiped out
- Bitcoin down ~80% from ATH
- alts down 90-99% from ATH
What more do you want?
The money inflow into crypto from $DOGE will lead to the greatest alt season we’ve ever seen when the capital rotation from dogecoin to other assets is complete.
My predictions for the second half of 2021:
- $BTC enters 6 figure price discovery
- $ETH breaks above $10K
- We see one more major alt season
- More institutional / government adoption
- More institutional / government FUD
- Cryptunez gets a girlfriend
- Bears remain bearish
Just a reminder - there have NEVER been eight consecutive red weekly candles in Bitcoin’s history.
NOT ONCE in 13 years.
BTC is 30 hours away from closing its seventh consecutive red weekly candle.
I know this may seem crazy, but pretty good odds next week will be green.
TSLA sold 75% of their Bitcoin for an average price of $28,888 - nearly a 9% discount from their average entry of $31,620.
That price also happens to coincide with the breakdown of the initial support level that led to cascading liquidations across the market in mid-June.
One year ago today, Bitcoin was $62,000 and you were begging for the opportunity to buy at a lower price.
Today, Bitcoin is $19,300 and you’re too afraid to touch it.
Funny how that works.
I'm happy for everyone banking from $MATIC. It's nice seeing a bright spot in this market.
I also hate every f*cking one of you because I don't have a bag.
@SBF_FTX
the audacity you have to come on here and tweet shit like this to try and cover your tracks after what you did is off the charts
get the fuck out of here
Solana approaching $100.
Avalanche approaching $50.
Bitcoin approaching $50K.
Alts starting to move again across the board.
Memecoins printing.
NFTs waking up.
And it’s still four months until the halving.
Holy shit 2024 is going to be insane.
I still expect one more of these corrections this bull run before the bear market hits. Most likely a selloff shortly after the euphoria of hitting or nearly hitting $100K back down to the high 50Ks low 60Ks. From there BTC goes higher again.
Remember today on the way up.
I'm bullish.
To add a little fun to watching Bitcoin climb higher, I'll give away one Wonky Stonk (current floor price 0.38 ETH) to someone when Bitcoin breaks above $24K, $25K, and $26K.
Just have to like, RT, and comment STONKS to be eligibile.
gl
WHEN EVERYONE ELSE HAS JUMPED SHIP AND GIVEN UP HOPE I WILL CONTINUE TO HOLD YOUR HANDS AND ENCOURAGE YOU TO HOLD ON TO HOPE WHEN HOPE SEEMS LIKE NOTHING BUT A MEMORY.
THIS IS NOT THE END.
The Bitcoin move from $22K to $30K will be so violent, that everyone who is currently rejecting any chance of seeing BTC above $40K this year will be forced into quickly changing their narrative.
If you don't realize what's happening yet, the blow off top in all markets at this point is basically inevitable.
The momentum building is impossible to stop without raising rates, and they will end up raising rates.
That's when the bubble pops.
Not an if, but a when.