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

[Flexacon]

Dude, you are on to it, I'll give you that.

I am closely connected to some big funds, and exactly as you say, they are ALL suddenly very excited about the China market and setting up in Hong Kong. And exactly as you say, they have the inside word that China is going to suddenly go big time into encouraging their citizens to buy Bitcoin (and also Eth by the way according to them). A very different situation from a few years ago. Something seems very changed and about to happen...

June 1st right? It's just BTC and ETH so far and potentially some other large market cap alts, maybe Chinese ones. I'm hopeful for polkadot as most of their 3rd party projects before the ban were happening in China.

It's funny though that China exited crypto basically at the top and used the West as exit liquidity. Now they are looking to get back in near the bottom. Maybe the CCP were safeguarding the wealth of their people.

It's also very easy to forget how different price action was before 2020 when China were the biggest players. The correlation with US equities and DXY moves was no where near as strong as it now.

Time for the West to pump btc to 40k plus and dump on the Chinese 

[Mayday]

Do any of your miners give you exposure to the coal? China opening back up will pump those hard.

No because China unofficially banned coal purchases from Oz a couple of years ago. Coal here is used not just for power but aluminium production.

I’m mostly in for silver miners, I was going to take a position in Copper but I figured there was more room for silver to go up.

I’ll take coal and Nat gas positions once I see oil at the $60 range.

Dude, you are on to it, I'll give you that.

I am closely connected to some big funds, and exactly as you say, they are ALL suddenly very excited about the China market and setting up in Hong Kong. And exactly as you say, they have the inside word that China is going to suddenly go big time into encouraging their citizens to buy Bitcoin (and also Eth by the way according to them). A very different situation from a few years ago. Something seems very changed and about to happen...

China run their cycle opposite to the West. China money supply is up 13% and they will up it another 13% this year. Basically 2023 for China will be like 2021 was for us. They’re about to fully open up and get moving so from Q2 onwards I expect to see consumer demand start to pickup.

Yeah I heard they can buy crypto via Hong Kong or something. It could pLay a part in making this the most hated crypto rally.

[obsidian]

[Prayer Warrior]

Saylor nails it again:

Off topic: he does that thing where he makes every sentence sound like a question because of intonation

[affeman]

Saylor nails it again:

[obsidian]

Funny but fake. Would love to see a real debate between Saylor and Schiff. Not a fan of Saylor's constant bashing of Ethereum but I would be on his side in a debate with Schiff. I used to like Schiff, but his constant bashing of all things crypto is lame. Gold and silver have been disappointing, barely keeping up with inflation. I bought silver close to 15 years ago and it has only gone up about 1.45x in that timeframe. Gold even less. People following Schiff's advice have seen their buying power stay the same. His investors did not grow their wealth with gold or silver.

[affeman]

Funny but fake. Would love to see a real debate between Saylor and Schiff. Not a fan of Saylor's constant bashing of Ethereum but I would be on his side in a debate with Schiff. I used to like Schiff, but his constant bashing of all things crypto is lame. Gold and silver have been disappointing, barely keeping up with inflation. I bought silver close to 15 years ago and it has only gone up about 1.45x in that timeframe. Gold even less. People following Schiff's advice have seen their buying power stay the same. His investors did not grow their wealth with gold or silver.

Yes but folks who put their money into Crypto are gonna lose it all, so keeping your buying power over decades is actually a great success when it comes to an investment.

[obsidian]

Yes but folks who put their money into Crypto are gonna lose it all, so keeping your buying power over decades is actually a great success when it comes to an investment.

The verdict is out on that. Yes, they could lose much of it. But that's not a fact at this point. You state it with conviction. But you don't know if that will happen.

To develop a decentralized, permissionless asset is not a worthless effort. It takes time and energy to build the network effects that Bitcoin and Ethereum and other blockchains achieved. Bitcoin, Ethereum, and others did not skip a beat during the recent financial turmoil. Transactions were processed, and the system functioned.

The people that bought into them or build them will be the ones that decide if they go to zero. I personally would hold my cryptos to zero if needed. So if I don't sell then it can't truly go to zero. And I am not the only one that thinks this way. Yes, the asset can be volatile. But can it really go to zero at this point, barring the physical destruction of the Earth and humanity? Even Terra Luna and FTX's token did not go to zero.

[Flexacon]

Good video. Likeable guys too (no homo)

Cowen called the bottom on Tesla and Meta for his paid members.

[Mayday]

Good video. Likeable guys too (no homo)

Cowen called the bottom on Tesla and Meta for his paid members.

Cowen I liked initially but he was very much a ‘win, lose or draw’ which is fucking pointless. If he wants to be a big brain maths guy, put your balls on the line and prove it works.


Anyhoo, here is nat gas…. Not yet printing a bottom but it’s getting close.

[Griffith]

US Department of Justice refers to BTC and ETH as 'commodities' in the FTX case.

[Mayday]

my Twitter feed had the usual bearish stuff going on but now a few good players are saying market is fucked and going to Hades right now. As in, imminent and immediate bus to Hades.

I see the S&P bounced off the 200D so it looks to me that a retest of the 200D is what we get followed by a continuation of the rally.

If we do see a biblical crash it’ll mean everyone picked it and this time the minority like me were the degenerate spastics.

I take this as an opportunity to see whether I am in the matrix or not. I should be wrong if I am in the Matrix.

[Flexacon]

my Twitter feed had the usual bearish stuff going on but now a few good players are saying market is fucked and going to Hades right now. As in, imminent and immediate bus to Hades.

I see the S&P bounced off the 200D so it looks to me that a retest of the 200D is what we get followed by a continuation of the rally.

If we do see a biblical crash it’ll mean everyone picked it and this time the minority like me were the degenerate spastics.

I take this as an opportunity to see whether I am in the matrix or not. I should be wrong if I am in the Matrix.

Look at the S&P on the weekly and 200D. The sideway market barely looks like it's even halfway.

One more shake out/bull trap in March so back up to 4100-4200 (will sell crypto) and then back down

[Prayer Warrior]

What are the odds btc goes below 10k in 2023?
What about below 5k?

[BossBoss]

What are the odds btc goes below 10k in 2023?
What about below 5k?

The chance is 50\50 that it goes up ore down.. below 10k ore below 5k i don't know..unlikely in my opinion. Maybe a 10% Chance..Long Term it will propably go higher than it is now..(logic)

[Griffith]

What are the odds btc goes below 10k in 2023?
What about below 5k?

Highly unlikely.

[Mayday]

Look at the S&P on the weekly and 200D. The sideway market barely looks like it's even halfway.

One more shake out/bull trap in March so back up to 4100-4200 (will sell crypto) and then back down

Cheers. Will take your advise.

[Flexacon]

Cheers. Will take your advise.

SPX looks crazy weak. Could drop to 3900 this week and then maybe a relief rally. Breaking 4020 and staying there looks key to moving up further. Fail to do that then down trend probably continues.

Mtgox bitcoin could be hitting the market this month and a mammoth ETH unlock is coming up. Oh and Silvergate bank which is the main crypto bank is close to hitting the shitter. It's gonna be peak FUD soon. Prices aren't dumping which is is encouraging, but I'm not waiting around to find out.

[Mayday]

SPX looks crazy weak. Could drop to 3900 this week and then maybe a relief rally. Breaking 4020 and staying there looks key to moving up further. Fail to do that then down trend probably continues.

Mtgox bitcoin could be hitting the market this month and a mammoth ETH unlock is coming up. Oh and Silvergate bank which is the main crypto bank is close to hitting the shitter. It's gonna be peak FUD soon. Prices aren't dumping which is is encouraging, but I'm not waiting around to find out.

Sold 85% of my crypto last night. Got 2.5x from my entry. The rest can hedge upside and be long term if for some reason we have a pullback

Lots of FUD. Been getting louder as we rallied.

[Flexacon]

Mini SPX bull trap looks complete. Probably more downs until mid March and then an even bigger bull trap.

Market is too choppy to play though unless you can sit in front of a screen all day and watch the charts. The 0dte manipulation going on is insane clown market stuff, but it's very easy to scalp.

[Mayday]

Mini SPX bull trap looks complete. Probably more downs until mid March and then an even bigger bull trap.

Market is too choppy to play though unless you can sit in front of a screen all day and watch the charts. The 0dte manipulation going on is insane clown market stuff, but it's very easy to scalp.

You see Jerome Powell’s grilling today?

US senate laying the groundwork for the next big stimmy program. It was all ‘you’re going after people’s jobs’ over and over again. The US govt will jump into save American jobs in 2024 and pump in stimmy like there’s no tomorrow.

Imagine the total coincidence that the US sanctions China and then needs to pump in godly wads of cash to build infrastructure locally which just to happens to be when the US economy is in a huge decline……. The irony is average Joe yells manipulation all the time yet they think this is the Fed and US govt out of control….. 👀

Straight out of history’s playbook.

[Flexacon]

You see Jerome Powell’s grilling today?

US senate laying the groundwork for the next big stimmy program. It was all ‘you’re going after people’s jobs’ over and over again. The US govt will jump into save American jobs in 2024 and pump in stimmy like there’s no tomorrow.

Imagine the total coincidence that the US sanctions China and then needs to pump in godly wads of cash to build infrastructure locally which just to happens to be when the US economy is in a huge decline……. The irony is average Joe yells manipulation all the time yet they think this is the Fed and US govt out of control….. 👀

Straight out of history’s playbook.

Yeah I saw it. He's got another one today.

Warren true to form was asking all the dumb questions and it was ridiculous that they kept asking him about crypto.

I don't know how much of an influence the senate will have on Powell, but Powell isn't afraid of stimmy/money printing so I wouldn't be surprised if we end up there. I'd actually say it's inevitable.

Recession/high unemployment in early 2024, DXY over 110 and then the money printer eventually fires up to take the markets to new ATH. Just gotta remember the markets will probably bottom several months after a FED pivot.

[lordantonius]

We aren’t getting a money printer

We are getting ww 3 go distract us and bring us back to the mean through violence

One of the most powerful statements I’ve heard was btc is proof of work eth proof of stake and US dollar proof a violence

[Flexacon]

We aren’t getting a money printer

We are getting ww 3 go distract us and bring us back to the mean through violence

One of the most powerful statements I’ve heard was btc is proof of work eth proof of stake and US dollar proof a violence

Covid, lockdowns and all that nonsense did what any potential WWIII would have done and that's push deglobalization.

Deglobalization results in the return of manufacturing and new infrastructure projects. Coincidently there will soon be millions of unemployed people desperate for jobs. I wonder where they might be able find employment...

[Mayday]

We aren’t getting a money printer

We are getting ww 3 go distract us and bring us back to the mean through violence

One of the most powerful statements I’ve heard was btc is proof of work eth proof of stake and US dollar proof a violence

we need unemployment to break and the economy will shortly follow. The Fed has been super clear on this for some time.

The golden rule I repeat often is we need a deflationary event to trigger an inflationary policy. We had the pandemic (deflation) which then lead to stimmy bucks (inflation). Now, we are waiting for the deflationary event which will be The outcome of the Fed targeting unemployment as they will overtighten (on purpose).

The senate was busy paying the groundwork for their future fiscal spending with this week’s grilling of Powell over the Fed wanting people to lose their jobs.