Still here... lurking.
Just taking some time away to focus on IRL businesses that have been totally neglected the past 12 months.
If sentiment shifts or I see a good opportunity I'll be back.
👀🫶
The Fear & Greed Index has fallen to 15, Extreme Fear, for the first time in over a year.
Investors have not been this fearful since the 2022 bear market.
Few thoughts
This dip broke records for highest amount of people calling for cycle top/panicking/getting liquidated/selling everything
Ye the bounce is nice but you must go further to truly understand the importance of the bounce
A weekly close above 93/94k basically puts us trading inside ATH consolidation range like nothing happened
Those calling for cycle top will now understand how wrong they were just as stablecoin mcaps also hit ATH (record amount of people holding stables)
After you understand cycle top is not in you must understand the magnitude of these news
I believe it’s still not yet reflected in the price that the US is actually using tax payer money to buy shit like Cardano
That’s obviously going to lead to the biggest alt season we have ever seen in the history of crypto
So now you know cycle top is not in, record amount of people sidelined and biggest alt season ever loading
How to allocate? Well it’s likely most will remain in denial and buy only much higher than here probably once we break ATHs again, just the way it works
The real way to allocate was just buying the dip like I tried to tell you
Bye and good luck
It's official:
President Trump has officially announced the US Strategic Crypto Reserve and Bitcoin is back above $94,000.
In just 3 hours, crypto markets have now added over +$300 BILLION of market cap on the news.
What's coming next? Let us explain.
(a thread)
BREAKING: @realDonaldTrump ANNOUNCES THAT HIS EXECUTIVE ORDER ON DIGITAL ASSETS DIRECTED THE PRESIDENTIAL WORKING GROUP TO MOVE FORWARD ON A CRYPTO STRATEGIC RESERVE THAT INCLUDES $XRP, $SOL, AND $ADA
in general, i strongly disagree with the US posture of rapidly abandoning NATO and Europe. i think it’s the wrong foreign policy, and the consequences will reverberate for decades if not centuries
HOWEVER, the wise thing for Zelenskyy to do at this point would be to shelve the indignation and negotiate a deal which preserves as much Ukrainian territory as possible and minimizes further bloodshed. if he can’t do it, then the Ukrainians deserve someone who can see the realpolitik at play here and can represent them earnestly in this new world
the US will to continue to fund this conflict has clearly evaporated. whether you think that’s the right move or not, it’s VERY clearly the reality. and with that discontinuation, this has become a no-win situation for Ukraine
the televised shouting match in the Oval Office was ugly. i’ve never seen anything like it, and i’m frankly embarrassed for all parties involved
Markets been down bad
However @mangoXBT cookhouse is filled with trench warriors who cook everyday
And the past week hasn’t been to bad for us
Shoutout to all the guys in the gc
🧑🍳🧑🍳🧑🍳