Weekly Charts first bull Market Cycle in 2015
we make double bottom around 30bars 210days,before Halving 322/325 days
and after halving 245days we Range before Up Only mode Starts
My thoughts of recent China related headlines and implications on crypto👇
🏙️ #Evergrande, one of China's largest real estate developers, has been making headlines with its Chapter 15 filing. Its direct impact on crypto market is limited. However, its financial situation underscore a deeper issue of China's weakened economy and soaring local gov debt.
Within China, an ongoing narrative of adversarial actions targeting crypto whales and operators has never stopped since 2017. It was further fueled by a climate of witch hunts and a fervor to redistribute wealth post Covid. Notably, #Multichain and case against CEX with operations in China (#Huobi #Kucoin and a bunch others) all refect this trend. This wave of "eat the rich" extends beyond crypto, the sweep goes deep into other high-income domains like streaming, influencer, celebrities, and recently healthcare system also under "anti corruption" turmoil.
In most cases, regulatory suppression is just the front, it exposes a deeper motive of economic exploitation, where the pervasive surveillance state leverages its law enforcement authority to encroach upon private sectors.
As China's third-tier cities struggle with substantial financial shortfalls, a state of fiscal austerity takes center stage. Directing attention towards deep-pocketed crypto figures becomes an attractive strategy to bridge budget gaps or confiscate assets under the guise of combating crypto-related misconduct.
Noteworthy is the on going migration of internationally capable Chinese crypto founders since 2017, the trend has also accelerated post covid. Given there is limited upside but unlimited downside to stay in mainland China, the talent exodus is SUPER bullish for diaspora Chinese founders being freed up from local regulatory clouds and shine in an unbounded global crypto scene.
Goodnight legends. Gonna run a 24 hour giveaway. $100 split between 5 random wallets, good luck. Drop wallet once in comments. Remember always another opportunity to win, so don’t be upset if you lose lots of negative comments complaining they don’t win.
Tinder economy
In terms of attractiveness
The bottom 80% of men are competing for the bottom 22% of women
The top 78% of women are competing for the top 20% of men
https://t.co/8vNS5TD4je
I totally expect people to reply who don't bother clicking on the article
Simple math for next cycle founders:
CB+Binance = 200m accounts;
MetaMask = 20m addresses;
Active onchain users = 200k
It’s a 10% to 0.1% ratio from top of the funnel. Every new cycle top of the funnel will grow organically as price action (fomo and greed) is the best acquisition.
Solid work that can drive 10% to 20% or more, or 0.1% to 1% will be next cycle’s trend setter
I will give $500 in ETH to the first person to create and upload a video underneath this post
Video must include:
- You standing on a yellow car
- You yelling “Pudgy Penguins”
- 10 jumping jacks
- A high five
I’m serious lol so post your wallet address with video 🚖🐧🏃🏽🖐🏼
Thank you to @FullMetalTools allowing us to giveaway some NFTs to get access to their closed discord trading suite. To be in with a chance to win all you need to do is comment your wallet address, follow both @inshallahDAO and @FullMetalTools and retweet this post.