Bitcoins - about to hit $5,000 per coin today!

[Flexacon]

50% from 45k gets us to 22.5k if capitulation is on the cards in the near term. Grayscale still at -25% premium so all these big buyers are not buying more than the spot market.

There has been no strength behind this current rally compared to the previous one. Volatility move not yet printed so it’s still waiting in the wind.

The June bottoming had 3 touches to the downside and then up. This time we have 3 touches to the upside and then…….

There is $10 billion buy pressure coming in and long term holders (12 month plus) are the majority and close to ATHs. Big buys are incoming and no one is selling.

Under those circumstances sending it down 50% from 44K seems very difficult, even sending it down 25% to 33k doesn't look easy. The dips already been bought.

[Mayday]

There is $10 billion buy pressure coming in and long term holders (12 month plus) are the majority and close to ATHs. Big buys are incoming and no one is selling.

Under those circumstances sending it down 50% from 44K seems very difficult, even sending it down 25% to 33k doesn't look easy. The dips already been bought.

The pumps aren’t the problem it’s the shitty market structure.

Check the downtrend on the BTC pumps. This current one barely registers. BTC pumps and everyone buys alts assuming someone else is buying BTC to pump their bags. That sucks.

I’d feel much happier to see BTC at 47% or higher dominance to show it has support given it controls the entire market.

There is a bull case for 70k on this pump so let’s see. My HEX would love a juicy pump.

[Thin Lizzy]

The pumps aren’t the problem it’s the shitty market structure.

Check the downtrend on the BTC pumps. This current one barely registers. BTC pumps and everyone buys alts assuming someone else is buying BTC to pump their bags. That sucks.

I’d feel much happier to see BTC at 47% or higher dominance to show it has support given it controls the entire market.

There is a bull case for 70k on this pump so let’s see. My HEX would love a juicy pump.

What do you make of Asia (Japan and China) easing at a time when the Fed is tightening or at least talking about it?

[Flexacon]

The pumps aren’t the problem it’s the shitty market structure.

Check the downtrend on the BTC pumps. This current one barely registers. BTC pumps and everyone buys alts assuming someone else is buying BTC to pump their bags. That sucks.

I’d feel much happier to see BTC at 47% or higher dominance to show it has support given it controls the entire market.

There is a bull case for 70k on this pump so let’s see. My HEX would love a juicy pump.

By the time all indicators line up and it looks like the ideal time to buy, you'll get a small run at best and then it dumps

You know all is. Bell curves, retards etc

[Mayday]

What do you make of Asia (Japan and China) easing at a time when the Fed is tightening or at least talking about it?

China generally does inverse of US. The problem for China is rising energy prices and rising food prices both of which they can’t fix with printed money. The countries China relies on will one by one ban exports on agriculture, food, energy. That’s probably 6mths from now where we see food hit real hard.

An economy which can’t power or feed itself is not one to attract/keep foreign investment. The US will pull manufacturing back, just takes time.

From April there is supposed to be 3mb/day oil loss from Russia. OPEC is picking up only 0.4/day so roughly a 2.6% loss of global supply. Countries have oil inventory of which there were drawdowns in Jan and Feb, likely Mar aswell. It sounds like oil price will rip to 170+ then the US implements an oil export ban and uses domestic production to get domestic price back down to 100 or something like that.

You can kind of see why I believe it’s WW3.

By the time all indicators line up and it looks like the ideal time to buy, you'll get a small run at best and then it dumps

You know all is. Bell curves, retards etc

I’m already multiple 6 figs positioned so it’s not like I’m fully sidelined But I’m not putting anything else in, that’s enough. I’m well positioned and zero stress.

The money supply has been flat for 4 months. This isn’t The bullrun environment we had late 2020 into 2021, This is the period before that which lasted 8mths. Until we see stimmy floodgates open it’ll simply be sideways chop with risk of mean reversion (currently 23k) and rug pulls.

[FitnessFrenzy]

[Theoak*]

Let's see what Jack Mallers has in store for Miami conference. Last year was El Salvador making btc legal tender and work is this year something to do with Apple pay incorporating lightning via strike.

[Mayday]

Let's see what Jack Mallers has in store for Miami conference. Last year was El Salvador making btc legal tender and work is this year something to do with Apple pay incorporating lightning via strike.

BTC Miami conference June 2021 and 9 months later still below 65k. Loads of FOMO and big news and price still can’t get there because they nuked retail.

Lightning converts Out of BTC in order to do the transaction and it works with everything.

Latest run up we have a crypto buying BTC to pump the price. We have Saylor now using 200M leverage to buy more BTC.

Volatility event very close now. If it’s a leg up 52k - 58k range next stop. If it’s a leg down, there is enough derivatives to dump price to 28k again.

[Theoak*]

BTC Miami conference June 2021 and 9 months later still below 65k. Loads of FOMO and big news and price still can’t get there because they nuked retail.

Lightning converts Out of BTC in order to do the transaction and it works with everything.

Latest run up we have a crypto buying BTC to pump the price. We have Saylor now using 200M leverage to buy more BTC.

Volatility event very close now. If it’s a leg up 52k - 58k range next stop. If it’s a leg down, there is enough derivatives to dump price to 28k again.

Price is inconsequential to me, this is more about adoption and framework being built on top of BTC. Price will follow eventually.

Retail makes up 30% of the holdings.  Institution are and will drive these prices much higher, It's a big moneys game and has been for awhile.

Having said that, I believe the bottom is in barring any black Swan event. Probability of dumping below 28k is low.

[Theoak*]

Luna buying $10 billion worth of BTC and ETH merge around corner. You don't need to be bullish, just don't let the market scare or bore you out of it.

 I think Terra's buys are ongoing over a long period of time and the 10 billion figure is an ultimate number based on projected demand for the stablecoin not a hard figure as it algorithmically-controlled buying to back the stablecoin not some guy pressing the buy button of a funny-money exchange like Coinbase.

Now I have to wonder how long until Tether or USDC go to a bitcoin-backed model? That would be bullish!

[Mayday]

Price is inconsequential to me, this is more about adoption and framework being built on top of BTC. Price will follow eventually.

Retail makes up 30% of the holdings.  Institution are and will drive these prices much higher, It's a big moneys game and has been for awhile.

Having said that, I believe the bottom is in barring any black Swan event. Probability of dumping below 28k is low.

Institutions don’t bailout retail.

There is no black swan event.

The institutions have been selling spot and letting retail derivative degenerates 100x pump the price. The setup for a sub 30k liquidation cascade is already there. This is no different to any pump before, when derivatives take over it means price point is no longer sustainable and it’ll be liquidated back to spot buyers.

[Flexacon]

I think Terra's buys are ongoing over a long period of time and the 10 billion figure is an ultimate number based on projected demand for the stablecoin not a hard figure as it algorithmically-controlled buying to back the stablecoin not some guy pressing the buy button of a funny-money exchange like Coinbase.

Now I have to wonder how long until Tether or USDC go to a bitcoin-backed model? That would be bullish!

I don't know if I'd want every stablecoin doing this as that could introduce a single point of failure for crypto. Well it makes bitcoin even bigger point of failure than it already is.

Are algos doing the buying for Luna? Maybe, but they didn't buy yesterday. Price dropped and longs got rekt. I'd bet my house on it that they bought the dip today though. Do Kwon might pump us to a new ATH.

[Theoak*]

I am sticking to my own strategy which won’t be for everyone.

My assumption is it’s all pretty much nothing but memes. All of it. Forget usage (BTC has none). Forget Defi (ETH can’t scale). However we are in meme life right now. Young kids buy cryptos. Young kids love memes, they yolo because their friends yolo, they follow trends.

I hold HEX which is staked. I YOLO’d hard into the Pulsex sacrifice ICO. I have a remaining sizeable USDT which half is buying Pulsechain at launch and half is buying Pulsechain at the first dip. I get free PHEX to match my HEX so that was a nice incentive to buy HeX to begin with.

Basically I am buying to the community meme and this is the first with multiple coins that all function together. A number of YouTube influencers are all involved but they are not saying anything right now —> classic get in early then shill the fuck out of it.

I always maintained the only thing that mattered was the bottom or launch of a crypto. This has some serious players involved aswell, wallets that hold billions in BTC and ETH. Fuck it, follow the rich people.

Gigs up Mayday, we know who you are.

[Flexacon]

Let's see what Jack Mallers has in store for Miami conference. Last year was El Salvador making btc legal tender and work is this year something to do with Apple pay incorporating lightning via strike.

No Apple, but still pretty bullish for BTC. Don't think we'll see it reflected in the price though.

People are not appreciating that layer 2s are what will allow crypto and blockchains to replace traditional everything.

[Theoak*]

No Apple, but still pretty bullish for BTC. Don't think we'll see it reflected in the price though.

People are not appreciating that layer 2s are what will allow crypto and blockchains to replace traditional everything.

"Jack Mallers, CEO of Strike, announced at the Bitcoin 2022 Conference in Miami that his company has partnered with Shopify, NCR, and Blackhawk Network. These payment providers work with the majority of major U.S. companies like McDonald’s, Walmart, Walgreens, Home Depot, Best Buy, Chipotle, Starbucks, Whole Foods, and more.

Mallers shared a video of himself making purchases at a grocery store with three different payment methods. By using Zap, Cash App, and Muun Wallet to pay via QR code, Mallers demonstrates how the consumer is able to pay in any method they want through the Lightning network. This enables shoppers to pay with privacy and allows for merchants to save on the 3% fee charged by credit card processors.

With this announcement, Strike now offers a method for people in the U.S. to transact with their Bitcoin that does not require making Bitcoin legal tender. These partnerships allow users to pay for products and services with their Bitcoin over Lightning while the merchant accepts the payment in U.S. dollars. This makes filing taxes much more manageable for both the consumer and merchant."

I think this is actually a bigger deal than Apple, even though it's not reflected in the price as you mentioned. They're going after transaction fees and it will happen slowly then suddenly.

The layers 2s are going after a 400trillion network, it will be huge. What a time to be an investor  in this space. The price right now is trading at an extreme discount if you have a higher time preference.

[FitnessFrenzy]

[Mayday]

Gigs up Mayday, we know who you are.

LoL I love his cardboard notes.

All that matters is the reset but even then, $50 ain’t gunna cut it.

One single guy is currently the only large buyer of BtC and even he stopped because everyone started dumping on him LoL.

[Thin Lizzy]

Chinese Stock Market below Covid lows:

This is why the Fed has to tighten. Can’t count on China growth to offset the money printing.

[Mayday]

Chinese Stock Market below Covid lows:

This is why the Fed has to tighten. Can’t count on China growth to offset the money printing.

Fed signalled today that CPI is looking catastrophic….. due to the ‘Putin price rise’….

[Mayday]

Everyone seems to be looking out to November for a market bottom but I still think we see it now, earlier rather than later in May-June.

Look at the DXY and we’re now at 1.01, only an inch away from the 1.03 peaks in 2016 and 2020.

BTC Bottom price for a reset will be at whatever it will be at. However it’s essentially a come to Jesus moment for all BTC HoDLers who believe they are early.

For BTC watch the dominance when the price reset happens. This will tell you whether BTC is early or late. The higher the reset price, the lower the dominance = the later you are to BTC and the less future gains you will make.

[Thin Lizzy]

The history of forecasting has been very poor. The so-called experts talk a good game but don’t back it up. Better to just “Go with the flow.”




Abby Joseph Cohen: Economy to Rebound in 2008

https://www.cnbc.com/2007/12/04/abby-joseph-cohen-economy-to-rebound-in-2008.html

Abby Joseph Cohen, chief investment strategist at Goldman Sachs, says the U.S. economy will rebound in mid-2008, but the next few months will be bumpy.

In an interview with CNBC, Cohen explained why she remains bullish, how the recovery will look -- and what she foresees for the financial sector.

[Thin Lizzy]

The S&P ended the year at 900:





2008 predictions for the S&P 500 - ABC News

https://abcnews.go.com/Business/story?id=4073939&page=1


1625 is the prediction of Tom McManus, Banc of America Securities

1590 is the prediction from Thomas Lee, JPMorgan Chase; and Hugh Johnson, Johnson Illington Advisors

1580 is the prediction from Rod Smith, Wachovia Securities

1575 is the prediction from Stuart Freeman, A.G. Edwards


1525* is the prediction from Richard Bernstein, Merrill Lynch

[Mayday]

And 14yrs later we have record highs…..

Time wise May-June likely the only rate hikes. Market bottom likely May-June. Stimmy flows by end of year.

Oil seems toasted (much earlier than people thought) which is a top signal before a sell off and a revert back into equities.

Whatever prices are after the rate rises is the bottom.

[Mayday]

‘Everything is priced in’…….

[Thin Lizzy]

😉