Technical analysis shows that this cycle is identical with 2017, we are in for a strong end of october for btc dominance. I expect early november to see btc price rally and as december aproaches we will have the much anticipated altseason. Things will move fast!
Every other post on here is how crypto has been ruined. The space is different. To much bad.
Guys. Straight up. Get a grip. This is ridiculous.
It’s going to be fine. There will be another bull.
Understating depreciation by extending useful life of assets artificially boosts earnings -one of the more common frauds of the modern era.
Massively ramping capex through purchase of Nvidia chips/servers on a 2-3 yr product cycle should not result in the extension of useful lives of compute equipment.
Yet this is exactly what all the hyperscalers have done. By my estimates they will understate depreciation by $176 billion 2026-2028.
By 2028, ORCL will overstate earnings 26.9%, META by 20.8%, etc. But it gets worse. More detail coming November 25th. Stay tuned.
JUST IN: Rich Dad, Poor Dad author says he is buying #Bitcoin because it's “truly scarce money, only 21 million ever to be mined.”
“Please do not be late.”