Edge Strategist

[Edge Strategist @EdgeStrategist]

@PeterSchiff @gregarizona trying to hitch Bitcoin to the AI wagon...as part of the AI trade.
Are they? Who is? I've seen it hitched to IWM (laughably), and general high beta tech (sounds reasonable) and "digital gold"/ $ debasement (could be), but not the AI trade

[Edge Strategist @EdgeStrategist]

@joao_wedson @Alphractal interesting. I think that the ETFs have, in some part, dampened the usability / efficacy of historical onchain thresholds, as the ETFs are a significant participant whose activity is particularly well captured in the onchain metrics

[Edge Strategist @EdgeStrategist]

@JustDeauIt @dvh_xyz @the_defi_report genuinely one of the most insightful posts you've made in a long while, Michael. Appreciate it

[Edge Strategist @EdgeStrategist]

@dlawant Def too early. Today has 13th July 2023 vibes (the day of the Ripple ruling): sudden US regulatory/political headline + massive crypto-specific reprice + alts/high beta outperform BTC. In 2023, within 3 weeks, the entire rally was fully retraced

[Edge Strategist @EdgeStrategist]

@JustDeauIt @cbaihao you're comparing apples with oranges. The mining ban was forced. The pivot to AI compute is economically sensible. You're comparing 2 totally diff regimes. 70% probability BTC visits $32k in the next 12 months (RIP altcoins)

[Edge Strategist @EdgeStrategist]

@Jamie1Coutts @UpsideDrift with the US10y & 30y at 2007 levels, AI winning the hearts, minds & marginal dollars of investors & net margin debt at record highs (up 80% in 2 years), I think it's a brave man who bets on BTC resolving durably higher any time in the next 6-12 months

[Edge Strategist @EdgeStrategist]

@cryptoquant_com @RugaResearch a sample size of 2 shown in the charts you posted? and you add "That combination has historically resolved to the upside". seriously?

[Edge Strategist @EdgeStrategist]

@caprioleio Oil going up is one thing, but the people who are calling for a BTC bottom in October failed to see a 102 month trend line vs QQQ broken in Feb. BTC going far lower, and taking far longer to get there than the consensus is underwriting

[Edge Strategist @EdgeStrategist]

@sometrader78 Agreed. Crypto Twitter and YT is now awash with "money rotates out of AI and into crypto when the AI bubble pops". Like that makes ANY sort of sense.
The BTC that people start puking at $25k? I'll be the one stepping in and buying

[Edge Strategist @EdgeStrategist]

@sometrader78 just wait til they realise that in Feb, BTC broke a trend line going back 102 months vs QQQ. And yet they'll still tell you "BtC BoTtOmS iN OcT"

[Edge Strategist @EdgeStrategist]

@IOHK_Charles @SamSamm90113677 "There is fundamental value" - surely that is question for the market to decide. IMHO, this is what Cardano has gotten so wrong over the years: presupposing "fundamental value", the market disagreeing, and then bitching at the market for being "against you"

[Edge Strategist @EdgeStrategist]

@KingKhari87 @jasongoepfert agreed. the choice of $9.7Bn seems very cherry-picked, no?!

[Edge Strategist @EdgeStrategist]

@LadyofCrypto1 Just think: this is the sort of insight that passes for “thought leadership” these days

[Edge Strategist @EdgeStrategist]

@benjamincowen So the fate of a $Trillion asset relies on 2 lines on a chart? Come on pal, you can do better than that

[Edge Strategist @EdgeStrategist]

@LayahHeilpern I admire your optimism 🤣

[Edge Strategist @EdgeStrategist]

@benjamincowen @SenLummis "profits"? I like your optimism

[Edge Strategist @EdgeStrategist]

@DonMiami3 @MacroEdgeRes @RESightsbyME @MacroEdgeVision think of all the management fees though $$$

[Edge Strategist @EdgeStrategist]

@Vivek4real_ Every single time? you mean "once"?

[Edge Strategist @EdgeStrategist]

@TheCryptoLark And how many of those 5 coins are you being paid to shill!?

[Edge Strategist @EdgeStrategist]

@AltcoinDailyio And we trust that any announcement won’t just get reversed one week later, yeah ?..