Originally Posted by
trobin31
The truth is I don’t have a single clue what will happen, no body does, but I can tell you I am not in the habit of pretending to understand things I don’t, quite the contrary, if I don’t understand something my first instinct is to say “I don’t understand” and proceed to ask a litany of questions until I do fully understand. I don’t mine crypto, after studying blockchain thru courses through MIT and Duke, I am comfortable enough with understanding the technology and it’s implications, this is what I have done as an investor for awhile…yes I’ve used glassnodes, chainanalysis as well as my own AI software to evaluate innumerable other metrics some believe give them an edge. The truth is, these are just websites designed to make profit. Support, resistance, trendlines, volume, Wykoff patterns and some other technical indicators are still the only thing one needs in trading.
Fundamentally, you have an asset over leveraged to the size of a DDD rack, by every piece of info I can gather a majority of whales with information none of us are privileged enough to know have run for the hills since last year, something really bad is coming for not only these crypto assets but also these exchanges.
You think the crypto market is somehow different from anything ever traded in the history of humankind, that is quite the hubris. I am not telling you to sell or anything of the sort, I am simply saying preserving your wealth is the most important thing right now…surviving until we see liquidity come back into the markets, right now there is zero indication this is even possible, we have the highest inflation in 40 years!!! Let me repeat, HIGHEST INFLATION IN HALF A CENTURY!!! But it’s okay guys, bitcoin will solve it. Sure, it may one day, but that day aint now.