🚨 BLOODBATH in Asian Markets
Over $1 TRILLION wiped out in just hours!
Apple’s price hikes to offset surging chip costs have reignited fears over sky-high AI & Tech valuations
KOSPI: -8.2% ($340B gone)
NIKKEI: ($355B erased)
SSE: -2.15% ($229B lost)
Taiwan: -3%Total chaos.
@3orovik The NASDAQ, which is what crypto was tied to, is at ATHs along with the rest of the market.
Bitcoin will retest its trendline of support at 28,000. We will see if it holds there.
Midterms are going to dems. This is bad for crypto, and will suggest POTUS in 2028 is anti-crypto.
@aaalexhl Yes, plus the midterms looking like a Democrat sweep of the House and likely the Senate too, as Republicans like me feel betrayed and polling shows nobody going out to vote for people who won't even pass the SAVE Act, rugged us on crypto, started new wars, and no Epstein arrests.
Yes, I am fully in agreement with your assessment of the next three months. As we move towards the midterms we are going to see early polling showing what I determined through polls four months ago: Republicans are NOT going to turn out for the midterms. Trump betrayed us. The fear of a Democrat House and possibly Senate makes Trump a lame duck POTUS, and this means crypto uncertainty, which means lower prices.
Yes, but it will be for a company, not a fund, as funds allow only 100 accredited investors and right now the entire crypto space is a ghost town and graveyard. Nobody is investing in crypto right now.
But we will announce that shortly and are working with the team at Chia for the tokenization.
When coins are losing their core engineers, such as what is happening at Ethereum and Cardano and the communities are revolting, such as Cardano and are selling at all-time Lowes and deserting Crypto, Twitter, and Telegram, it is going to be impossible to get baby boomers and Gen Xers and small asset managers to believe in coins that the communities don’t even believe in.
This is exactly the worst time to raise a fund and invest in any coin. The bottom for bitcoin has not been seen yet and I expect it will test the $28,000 support level, which is its historic support based on its trend line going back to 2010.
Because none of the communities embraced the idea of decoupling from bitcoin, and embracing the Crypto fair value model, all of them will go down with bitcoin. When the market reaches those levels, that would be the time2 Wade back into the water, but even then, we are looking at a Democrat house and possibly Senate in the midterms and they are anti-Crypto. And if they are able to win the presidency in 2028 and retain the house and Senate, the Democrats will do what they always do and do the worst they can to Crypto. The next 2 1/2 to 6 1/2 years are going to be very sad.
@cryptofergani Try your trend line across the base of support and it has to retest $28,000. You are using selective charting. Nobody runs charts of support horizontally. They follow the base trend line across all bottoms.
Mike now has nearly 800 pages of discovery. It is one shut the case down. They did not want to have to defend any of that in court. If that could be used as evidence in the class action, I would bet we could get 50 million Americans to go in on that. If the Dominion lawsuit was for 1.2 billion on Mike, I think we should ask for 1.2 trillion for stealing our republic.
@TheSCIF We need a class action lawsuit against Dominion for stealing our Republic and the damages of the Biden administration. All the federal judges need to be removed who were appointed under that unelected administration.
The $28,000 is its actual longterm support for those who use historical charting. It’s called a trend line of support.
Nothing about BTC was ever about fundamentals. It was always about FOMO, with fancy marketers and bankers who stole the true intent of BTC as peer to peer money.
Bitcoin should be renamed the Blackrock Coin.
The others are actually trying to be money, with DASH likely accepted more places than BTC, and XEC is from the same creator who worked on BTC and later created BCH and then eCash to move towards the coin as actual usable money. RVN and XCH are all about real world assets on the blockchain and pioneered the space. That space is up 40% YOY as crypto crumbles and are best poised to take on that growing space in the years to come. They are all suffering because the market hasn’t yet decoupled from the Modle T of crypto, BTC.
Bitcoin is going to retest $28,000 and take the tethered crypto market if much better coins down with it.
A decade of scams, rugs and meme horseshit is coming home to roost.
DASH, DGD, RVN, XCH & XEC will be some of the only survivors. Like dot coms.
@litecoinjsd Good to see you, Captain.
The can was for those BTC maxis who have been telling everyone that we are going to a million, ten million and beyond. I think they forgot about gravity while they focused on the moon.
Heck, we never even went to the moon. 😂