"Men occasionally stumble over the truth, but most of them pick themselves up and hurry off as if nothing ever happened." - Winston Churchill on #Bitcoin
If you've made life changing money over the past few months, your strategy should be defensive, with minimal concern for aggressive growth.
You should be locking in and protecting gains as much as possible.
Rule 1 - protect capital
Rule 2 - increase capital
#BTC
Keep believing. It has done you quite well so far.
“And those who were seen dancing, were thought to be crazy, by those who could not hear the music.”
Assets are only cheap if they are going higher after you buy them
Never trust a person more than the market. Ppl lie, the markets dont
Controlling losers is a must; let winners run out of control
Simplicity in trading demonstrates wisdom.
Complexity is a sign of inexperience
Appreciate the dialog @ki_young_ju.
1) me: Whales dumping Gemini is bogus data
2) @glassnode: it's an internal transfer
3) @cryptoquant_com: it's an external transfer
4) @coinmetrics: it's BlockFi
Me: warning 28,300 traders of whales dumping needs fact-checking.
1/ Technically, it was an "external transfer" from BlockFi to Gemini.
Despite BlockFi uses Gemini's custody wallets, it's not the right approach to cluster them into a single entity as flows in BlockFi and flows in Gemini have different patterns.
$BTC
Forming a POTENTIAL inverse head and shoulders. To confirm it would require a break of the blue neckline with an increase in volume. The volume profile on the left shoulder and head are already correct.
The trade would be a clean break of the line or retest as support.
You can't be late to $crypto.
The space is constantly innovating.
Some of the best & most asymmetric opportunities appeared in the last 3-12 months via DeFi and NFTs.
Dips and market cycles still exist, but only using Bitcoin price as a gauge for late/early is inaccurate IMO.
I have a very simple issue that should be resolved quickly once @TwitterSupport gets to me.
In the meantime, I'm going to actively use this account, sharing content and growing as fast as I can.
Worst case scenario I'll be back to 100k+ followers by July 🤷♂️
Pink line: The number of new users seen on the blockchain per day. (30d MA)
35,000 new users per day arriving on-chain. Which means exchanges are likely adopting an additional ~100,000 users per day right now.
“It is not how much we have, but how much we enjoy, that makes happiness.”
“No matter what our circumstances, we can find a reason to be thankful.”
“It is only with gratitude that life becomes rich!”
Stay positive out there!
The Bitcoin bulls and bears are battling it out for $55K, but who will overtake this price level?
@ScottMelker has some interesting insights as to where we may go next. https://t.co/V7AlDBFhQ9
(Reporting via @CointelegraphMT)
Don't memorize patterns that everyone can see and are still coin flips
Instead, ask yourself:
Where are the traps?
What is the path of least resistance?
Where will losers cut losses and how can I take advantage of this information?
#BTC
We have had some practice with this and some more data so I’ll ask again Crypto Twitter
Where are we on this chart?
Be very specific in your answers.