DonAlt

Teaching, investing and trading cryptocurrencies @RoundupCrypto

[DonAlt @DonAlt]

Never felt anything comparable to the moment I got the chance to hold my own baby

Utterly magical

Typing this as she’s sleeping on me while Mom is recovering in incomparable bliss even though I’ve not slept in two days

[DonAlt @DonAlt]

I wasn't kidding when I said the majority of leverage traders are gonna lose all their money in this environment

This will not stop until trading volumes are near zero IMO

First nuke longs, then shorts, then go sideways with outsized impulses on either side to kill the rest

[DonAlt @DonAlt]

At $16k we were so undervalued, anything could've happened and we would've barely budged
At $30k that's a different story

I feel like people forgot that the US gov is actively trying to kill this space.

I'll personally give them some time to fail and then I'll buy the coins

[DonAlt @DonAlt]

No reason to giga nuke

[DonAlt @DonAlt]

Been going through my bank account and canceling all the shit I don't need or never use all day

Way too much garbage piled up in the last few years that I'm paying for without even thinking about it

#bearmarketthings

[DonAlt @DonAlt]

Man being a duck on Twitter is tough

Can't even monetize like all my peers

[DonAlt @DonAlt]

$BTC update:

Slow bleed has been very accurate.
Every bounce so far has simply been forcing shorts out of their over-eager positioning

A beautiful display of maximum pain for leverage traders
I doubt it'll stop anytime soon but would love to be surprised

[DonAlt @DonAlt]

That said I'm still team bottom is in and anything close to $20k is an amazing buy

Just think it makes sense to look at both sides of the coin before making decisions and I gotta say, the bear argument is really really good here.

Food for thought

[DonAlt @DonAlt]

I'd say the opposite
If you just look at this move technically:

>Nuke with 0 bounces from $69k to $16k
>Retrace some of that with the current move
>Not even back in the old range

Ignoring my feelings and bullish underlying bias this is nothing more than a bear market rally

[DonAlt @DonAlt]

People literally went from doubting the rally all the way to $30k to buying PEPE with their retirement money

Is what it is

[DonAlt @DonAlt]

The risk of downside is significantly higher now than it was 6 months ago

Now that memecoins are pumping and grifters are out there scamming everyone they can there are less and less reasons to go up

Just need to find a reason to nuke

[DonAlt @DonAlt]

Altcoins giga rugging

Shocker

[DonAlt @DonAlt]

We've had S&P strength
We've had gold strength
We had banking FUD
We've had dollar weakness

And BTC couldn't move up
Why?

[DonAlt @DonAlt]

Can anyone explain the idea behind "Where will memecoin profits flow next"?

It's a PVP market and these are worthless coins

Every $ made by someone is a dollar lost by someone else isn't it?

As in there is zero gain for crypto as a whole once the pump and dumps are done no?

[DonAlt @DonAlt]

Headlines could've been
Huge crypto recovery amidst banking fears

Headlines will be
Traders flock to scams that spectacularly blow up during minor crypto recovery

I wouldn't have it any other way, it's the most crypto thing we could've come up with

[DonAlt @DonAlt]

Limp dicking it

[DonAlt @DonAlt]

Can’t remember the last time I’ve seen this much flip flopping

It’s simple really

Above 30k? Good
Below 30k? Chop
Below 20k? A steal

[DonAlt @DonAlt]

Kind of absurd that we still have an abundance of fee problems

Every cycle I’m impressed how far we’ve come and every cycle I’m depressed that nothing has really changed

We’ll simply ignore it and hope next cycle is better like we do every time

[DonAlt @DonAlt]

Banks failing is the only thing that can get me bullish into $30k TBH

Gonna chill for now but if it keeps heating up again I'll have to jump back in

[DonAlt @DonAlt]

All jokes aside, I really like what they've built and the decisions they've been taking.

It's been particularly nice to be able to give opinions that are heard and implemented properly.

If you want to check them out: https://t.co/WWgHipOHOI