@SBF_FTX Just do us a last favor. Inform the public before the Bahama liquidator dumps the assets. Then just disappear quietly with all your dishonesty and misconduct to the entire cryptoverse.
@CryptoWorldJosh 90% of the people would panic sell at 17k and fomo in when it recovers to 25k where btc currently sitting at. They are pretty good at buy high sell low and it never gets old ππΌ
@retroryan83@AshBedi_US@CryptoWorldJosh This time is all about macro. We definitely want to see the economy gets bettter and the fed put kicks in as expected even ealier than expected. Real fear follows after trigger events. Fundamental > technical at this time and it leads real reversal. But the merge seems a concern
@AshBedi_US@CryptoWorldJosh Depends on the Macro conditions. Safely to say if the economic conditions do not get any worse we are in the recovery phase after all the capitulation events.
@CryptoWorldJosh 2 things got me worried:
1. Ethereum merge. PoW to PoS gonna release floods of stake token out on the market creating possible huge wave of liquidation event.
2. Deteriorating job report in upcoming months while Inflation remains high (>5%) leading to worries over stagflation.
@saylor But I dont think most corpos want their stock prices experience ugly volatility swings as Microstrategy does. Imagine if pension fund managers allocate large percentage into Microstrategy that would make grandpas live in tents
@CryptoWorldJosh Considering the fact that cryptos are highly correlated to stock market, the bounce maybe short lived until the Fed becomes more dovish. Remember we still have 2 consecutive 50bsp on the table.
@CryptoWorldJosh Bigger time frame turns to be more meaningful in terms of capturing market trends or potential reversals. On the weekly btc chart it forms into a falling wedge since Nov. peak 2021 and same to weekly rsi.
@CryptoWorldJosh The quicker the selloff the faster the recover. So far we are still cooling off on weekly indicators. More volatility comes ahead..at least within the next weeks