Jak Walker
846 posts

Jak Walker
@JakCWalker
Never give up because great things take time! Entrepreneur | Web Development | ⭐⭐⭐⭐⭐
Brighton, England Katılım Nisan 2010
1K Takip Edilen2.8K Takipçiler

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@BobLoukas I think descending wedge is forming... If breaks up then 120k will hit rapidly...

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Is the Bitcoin low in?
I don't know, nobody does, but i'd say no. Sentiment is getting bearish, but permabull accounts are still saying "buy now" vocally.
By my study, Bitcoin formed a Failed Daily Cycle today, on day 14. That's early, meaning bears are firmly in control here. The weekly has broken some support, is not that oversold, and entered an area that was covered by just two weekly candles on the way up. So it's thin air.
As pointed out weeks ago (which was met with bull backlash. lets see what this gets), my view is that we had a monster 105% Weekly Cycle move over 15 weeks and it just takes time to back-fill and reset sentiment. A downside move to $80.5k, a 50% fib retracement (25% drawdown) would be normal. Extreme side would be $74k, but even then historically within range (30%).
From this point, above $99.9k is positive, and BTC should not trade back over $102.5k in this declining phase. Bears will be offside above there.
But as they say, this is a bull market, after-all. So yeah, ultimately I'm super bullish, the question is always just on what time-frame.
All this is mostly important for traders. Holders should be gaming or playing pickle ball.
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i forgot to update but zoebread.com can no longer afford to ship to the EU cos of the GPSR thing. sorry EU :( i love EU
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@zoebread Don't threaten me or my EU based Ninja may pay you a visit 🥷
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@JakCWalker this is no time for jokes. you’ll be hearing from my EU based lawyer
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@zoebread Yes I was just kidding... Make sure to not sell to NI either as thats included
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@JakCWalker no but you have to have an EU representative or something in order to prove it and keep selling and deal with the paperwork. they have to live in the EU !! idek!!
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Is there a better reality show than the crypto Twitter?
The drama is unmatched, free to watch, and never runs out
CryptoAmsterdam@damskotrades
If you’ve ever wondered what "the trenches" mean in Crypto and what happens there... This happened today: 1. 13-year-old launches token. 2. Rugs for $30,000. 3. Flips the middle finger. 4. Kid launches another coin, rugs for $12,000. 5. Degens take over and send it to $70M. 6. His $30,000 would now be $2.4M+. 7. Crypto decides to dox and tokenize his entire bloodline.
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@Darkfarms1 THANK YOU for liking my post!
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@jeffreyjhardy @titcoinpodcast @JeffBooth @WalkerAmerica Fiat currency is money that a government has declared to be legal tender, but it is not backed by a physical commodity like gold or silver. #Bitcoin solves this issue.
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@JakCWalker @titcoinpodcast @JeffBooth @WalkerAmerica All currency is fiat. There are no exceptions.
What we want to achieve is monetary stability/predictability. The better the stability, the better as a store of value.
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"This house was $1.4 million four years ago. Now it's $2.1 million... It was 300 bitcoin four years ago. Now it's 22 bitcoin. In four years, this house will be two bitcoin... it's a really bad store of value compared to Bitcoin." - @JeffBooth w/ @WalkerAmerica
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“Store of value” is one of four attributes of money. The best way to define it is by example.
Let’s say you have 2 chickens. You only need 1 chicken at a time, so you keep one and sell the other for $10.
That $10 is a way for you to “store the value” of the chicken. Later you buy another chicken with it, or buy a “chicken worth” of bread or a “chicken worth” of apples, etc.
The prices of various goods and services can move up or down due to supply and demand. But a perfect store of value retains its relative value across a broad basket of them, neither appreciating or depreciating.
(There is no “perfect” store of value”)
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