I think the hypnosis of the 4 year cycle will end soon, and the bottom will form before Q4.
It’s just what I think. Maybe I’m wrong.
Don’t get worked up about it, and have a good day.
The revised market structure bill won't allow yield on stablecoins (non-active).
Looks like a massive win for banks.
On the flip side, kind of bullish for crypto because capital will have more reason to move into yield-bearing alternatives like Ethereum Defi or Cardano liquid staking.
@tblhockey9@dangambardello Crypto (bitcoin and Alts) have been repeating the 2017 cycle for the last 8 years. Basically 2017 = 2018 to present day. Few people will ever figure that out
@dangambardello I'm not sure about this Dan, it seems like a win for banks. Why do we even want this bill at this point, we can earn yield right now. One thing's for sure, institutions getting involved in crypto has not panned out as most of us thought It would.
@cryptoinvestors@dangambardello It’s all an algorithm. Regular people just don’t know that part. The run up portion of the algorithm is prepped to begin shortly
@dangambardello Dan i guess i don’t understand why yield on stable coins would be bullish for anything but stable coins? It incentivizes literally just stablecoins to be used and held, that’s not bullish on bitcoin or any other crypto asset. Why would money go into anything but stables?
People asking whether or not bitcoin has bottomed are asking the wrong question. Sure, I think theres a strong case to make that it has bottomed earlier this cycle. But, whether or not it has bottomed has no effect on my macro accumulation strategy. If you think bitcoin has bottomed, that doesn't mean you should go all in immediately (especially in what will likely be a long rangebound phase). Also, if you think bitcoin won't bottom until October, that doesn't mean you should necessarily wait until October to start any accumulation. DCAing from now until October makes the most sense to me and limits downside risk. Everyone talks about DCAing, but few actually have the discipline to do it.
@mist0r_fud@cryptogalaxycc Let the frustrations out lil bro. It’s going to to be ok. We’ve all lost some money but now we gonna make it back. We got this
@mist0r_fud@cryptogalaxycc You sound big mad lil bro. It’s ok. Most people are sellin the bottom just like u so I understand. It can get frustrating at times
@Mav260@cryptogalaxycc Bro who has a 4 figure port, hasn't made a penny in crypto, listens to kols who tell him everything will 100x, has no idea how to find the correct data let alone analyze it, calls me a peanut brain. Wildly hilarious and retarded. Keep buying the dip lil bro. Love your EL. 😂
MicroStrategy bought 17,994 Bitcoin at $70k.
But they also bought at $90k and $80k.
They're playing a decade long game with a corporate balance sheet.
You need to be cautious right now, you are not MicroStrategy.
tom lee is my favorite cause he just gets on tv every week and says some ridiculous price target that never happens and he always gets invited back and taken seriously