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Shawn Dexter 🥭
1.7K posts
Shawn Dexter 🥭
@ShawnDexta
Psychology, Mindset, Trend Trading & Investing . From trend-trading profits to long-term wealth. Clear thinking. Real results. @MangoResearch
Ottawa, Canada Katılım Mayıs 2018
242 Takip Edilen3K Takipçiler
Been hearing this naive take a lot recently...
"BTC has only 60% to ATH"
Like that's supposed to be some sort of permanent ceiling...
No.
That's 60% additional gains before blue sky territory. Afterwhich we could have another 200%, 300% etc
chrome@losingmoney68
man i'm sorry to tell you this but no one is buying btc with 60% potential upside to ath when you have $500bn tech stocks printing 25% daily candles lmao
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@0xaporia Ironically, what makes it so terrible in any practical, actionable sense is precisely what makes it so popular on CT/YT.
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Man, whenever this Elliott Wave nonsense pops up on my feed, my heart rate instantly spikes. It's one of the most subjective frameworks for reading price out there. There's so much room for bias to creep into every aspect. And yet people still walk around with absolute conviction in their read of it. That will never not be wild to me.
It's a big part of why I gravitate toward anything systematic. I know myself well enough to know I don't trust my own discretion to consistently make good decisions, so I'd rather take myself out of the equation as much as possible.
Oz@AskCryptoWealth
No, this is not a new cycle..
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Capitalism is not perfect, but it's the best we got.
Mike Alfred@mikealfred
@Heccles94 Capitalism does not create wealth. Entrepreneurs do. Capitalism is just the best system that enables entrepreneurs to create new things. All of the tools you use to post this pointless drivel repeatedly were created by entrepreneurs. Grow the F up already.
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As long as a “worse” money exists, people will naturally opt to spend that first (Gresham's Law).
And since Bitcoin is the “best” money, people will rather save it over spending it unless & until there’s no other alternative.
Airbtc@Airbtconline
If Bitcoin is money… Why aren’t more people spending it?
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The issue here is that the argument starts with altcoins, then uses Bitcoin as the example. That logic doesn’t carry over. They behave very differently across cycles. Altcoins absolutely DO go down 99% multiple times; and most don't recover. Been here since 2016, and the top 100 changes every cycle.
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CredibleCrypto Explains Why the 90% Down Trap Will Stop You From Buying the Bottom
"just because your all coin is down 90% doesn't mean it can't fall down another 90%, and it's like, yeah, that's true, and everyone's like, oh that's really good, and they're like, that's true, I shouldn't buy right now, it could fall down another 90%, and I'm like, we're talking percentages."
"so if bitcoin goes from 100k and it falls 90% down to 10k, yes, it's true that it could fall 90% more from 10k, it would be at $1,000, and then yes, it's true it could fall 90 more percent from $1,000, it would be at a hundred bucks, and yes, it's true it could fall 90% more, and you can repeat that like infinity until a penny, like 90% down lower can happen in unlimited amount of time."
"so anytime someone says, well, just because it is down 90% doesn't mean it can't fall 90% more, they'll be true every single time they say that, whether they said that when Bitcoin was at 50k, or 30k, or 20k, or 5k, or $500."
"and so if you're using that logic to justify not buying an Alt that's already down 97% from the highs, then you're really just getting yourself into a position to make excuses for not pulling the trigger."
"so that whole concept of we could always go lower is, in my opinion, a way for people to justify being bearish at the bottom, at the lows, when it's really a time to buy,"
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Shawn Dexter 🥭 retweetledi
Elliptic curve cryptography is on the brink of obsolescence. Whether it’s 3 or 10 years; it’s over and we need to accept that
The only thing that matters is how quickly blockchain developers recognize that they need to bake in cryptographic mutability into their networks
This of course requires an entire reimagining of how these systems work. Today the crypto is hardcoded in. That will have to change
ETH people have already figured this out. Everyone else seems to be petrified in fear. Unless something changes quickly ETHBTC will start to reflect the divergence in prioritisation
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Played out perfectly - even made it's way down to the 12h Kijun as expected. 👌🎯
Shawn Dexter 🥭@ShawnDexta
As expected, Bitcoin getting rejected at the bottom of the cloud. In yesterday’s daily vid, we talked about how this kind of initial rejection was possible -- while still keeping a move toward $95K in play. Vid link in the comments.
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@MichaelGri97544 Not yet, but I’ve been meaning to spend some time reading into lunar/solar cycles!
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@ShawnDexta It’s funny how these rejections (and dips) always line up with the new moon….and the pumps always line up with the full moon. Have you ever looked into how people buy and sell into (and out of) the moon cycles?
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As expected, Bitcoin getting rejected at the bottom of the cloud.
In yesterday’s daily vid, we talked about how this kind of initial rejection was possible -- while still keeping a move toward $95K in play.
Vid link in the comments.
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People are dumping Dubai and buying Bitcoin.
They’re finally realizing what a “safe haven” really means… something you can actually leave with.
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@olvelez007 Exactly.
When you need it most… you'll wish you had Bitcoin instead.
x.com/i/status/20302…
Shawn Dexter 🥭@ShawnDexta
When I close my eyes, play devil’s advocate, and imagine a world without Bitcoin - I feel trapped, suffocated… Claustrophobic. When I close my eyes and imagine a world without gold. Meh 🤷♂️ Therein lies your value prop. Therein lies your “utility.”
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Gold breaks precisely when you need it the most. I learned this the hard way myself in the past, after decades of physical gold accumulation.
NEVER again. #Bitcoinonly
Michael Tanguma@MTanguma
gold bulls spent 5,000 years telling you its the safest asset on earth right now its sitting in a vault in dubai at a $30 discount because nobody can get it on a plane the best store of value in history and it breaks the moment a war disrupts a flight path bitcoin doesnt need a flight path. it doesnt need a cargo plane. it doesnt need shipping insurance. it settles final in 10 minutes to anywhere on earth this is what "digital gold" actually means. not the ETF ticker. the actual property of being able to move value without depending on physical infrastructure in a war zone
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When I close my eyes, play devil’s advocate, and imagine a world without Bitcoin - I feel trapped, suffocated… Claustrophobic.
When I close my eyes and imagine a world without gold.
Meh 🤷♂️
Therein lies your value prop.
Therein lies your “utility.”
Michael Tanguma@MTanguma
gold bulls spent 5,000 years telling you its the safest asset on earth right now its sitting in a vault in dubai at a $30 discount because nobody can get it on a plane the best store of value in history and it breaks the moment a war disrupts a flight path bitcoin doesnt need a flight path. it doesnt need a cargo plane. it doesnt need shipping insurance. it settles final in 10 minutes to anywhere on earth this is what "digital gold" actually means. not the ETF ticker. the actual property of being able to move value without depending on physical infrastructure in a war zone
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Disgraceful C(an)ucks.
BRICS News@BRICSinfo
JUST IN: 🇨🇦🇺🇸 Canada backs US military attack against Iran.
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@FractalVeritas You're not wrong. It's just that I've found far easier and far more sustainable in finding edge via the 'pain of patience'.
I've done both, and one is just a better life (for me).
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i completely disagree.
you're basically saying you're unable to fuck off from the portfolio screen and your edge is your pain tolerance.
no way. while everybody has access to info & reasoning now, no market participant has total context. dig into your niches and you'll essentially derive insider information. that's how you win.
Aporia@0xaporia
One of the bigger misconceptions in trading is that you need an informational edge, some insight, some pattern, some signal that others haven't found. If that's the game you're playing, you're competing against people with more data, more compute, and more capital than you'll ever have. You are not in that game, and pretending otherwise is the first mistake. The edge that's actually within reach looks nothing like that. It's (for the most part) doing what other people refuse to do, sitting in discomfort, absorbing volatility, providing liquidity to the person who simply wants out. You're not outsmarting anyone in a direct sense, but instead you're out-tolerating them. That's a less exciting framing, but it's a more honest one. The secret sauce most traders are searching for definitely exists somewhere, and they probably still couldn't execute it consistently even if they found it. The better question isn't what do I know that others don't, but what can I do that others won't.
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“Bitcoin has never done this. Bitcoin has never done that.”
Blah blah 🙄
How much has any of that actually helped you this entire cycle?
Remember the “Bitcoin has never hit ATH before halving” narrative? I caught serious backlash for calling $60k before the halving.
Some people never learn 🤷♂️
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Patience can be expensive.
In Silver's case, "patience" would have cost an investor $70,000 in profit for every $10k invested.
If you're young, marrying a dead bag can be devastating. There are far more efficient and stress-free ways to allocate.
Quinten | 048.eth@QuintenFrancois
Silver did nothing for 13 years Investors were extremely frustrated And then all of a sudden it did a 3.5X Patience is the most important skill in investing
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How many other assets also "did nothing for 13 years" and then just… kept doing nothing?
Quinten | 048.eth@QuintenFrancois
Silver did nothing for 13 years Investors were extremely frustrated And then all of a sudden it did a 3.5X Patience is the most important skill in investing
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@QuintenFrancois 14 years to make ~8% a year.
Simple allocation to SPY, NDQ and even Gold outperformed.
But sure. Patience.🙄
More like a 14 year long Opportunity Costtax.
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Silver did nothing for 13 years
Investors were extremely frustrated
And then all of a sudden it did a 3.5X
Patience is the most important skill in investing
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Out all of Jim Bianco's takes, this has to be dumbest one yet 🤦
Jim Bianco@biancoresearch
@DaveLevine0com Claude Cowork was released on January 14. "Programmable money" ($BTC) was $97k. Three weeks later, down 39% (to $60k). The cost of creating and maintaining software is collapsing to zero. Don't need big companies or foundations to create software anymore. Anyone can do it.
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