The difference between holding 50K XRP and waiting for $100, versus using 50K to sell the top and by the bottom from 2021 to present
The difference is $70,000 versus $1.4 million
With Bitcoin back at the 200-day and 300-day moving average, this is good enough for me for my cyclical accumulation.
I'm now fully entered into crypto for the cycle. Wish me luck. 🤞
👀
It's amazing how you can sometimes feel it in your bones that you know it's the thing you need to ramble about for nearly the whole issue.
If you don't sub to the newsletter, at least go watch Monday's video (start at 15:26) and Wednesday's live stream (first 25-minutes).
A little something that's not mentioned, and ppl may not even think about:
Binance did not borrow money
Binance did not sell assets
Binance did not raise money
Binance covered from its balance sheet.
This differs from other incidents that people keep wanting to compare to. 🙏
Thank you, @SecretService, and all the agencies and industry partners involved. You acted within minutes to help track and freeze stolen funds, and the work continues.
Your speed, expertise, and dedication helped contain the damage and reduce the risk of potential ripple effects across crypto and, may I say, even the broader financial markets.
Deeply grateful. 🙏🙏🙏🙏
The technical equivalent comparison of the Binance hack is the Silicon Valley Bank scare in March of 2023.
Technical and on-chain bottom was already in, social media panicked during the wall of worry.
(Bitcoin is still $20,000 above the low, social media in disarray.)
I published a premium subscription write-up.✍
It includes a 43-minute voiceover that I recorded.🎙
Fueling Crypto’s Next Expansion
- Semiconductors & S&P 500 Topping, Historical Extreme Concentration Could Unwind Into Opportunity for Software & Crypto
https://t.co/OglWMxqoBo
One of those moments where events happen right on time.
Market pulls back for weeks and then surprise... biggest hack in history to finally back test the 50-week moving average break out.
@Bijancj5 @JoelKatz@uptownsaul A lot of people are going to round trip their bags waiting for a double or triple digit XRP
It would be a win for XRP to $7, and even if it hit $20, which it won’t, people still won’t take profits, and then watch it go back down to $2 or $3
Maybe there was one time when you could semi-plausibly argue that Ripple had some easy way to shoot up the price of XRP massively for good but was just waiting for the right time to maximize something or other. But boy, it's hard to argue that today. For one thing, circumstances have changed so much that it's hard to imagine we've held onto this magic switch for so long and it's still just waiting to go.
We've explained what we're doing, why we're doing it, and what we hope to achieve. While we aren't transparent about everything, we're not hiding some grand conspiracy. At least not as far as I know.