The situation of Luna proves again that a 100% decentralization will never work. We are criticizing centralization and USD but they indeed kept us away from situation of stable currency losing 80% and security losing 98% in just few days.
(2/2) Market is perfect. Therefore, I am quite sure that neither of those 2 scenarios would happen because millions of investors believe in them. So which other possible scenario would really come?
(1/2) There are 2 camps. 1st: people mostly in coins wants BTC to surge to 52-55-58k then dump after that so that they can swap to stables and buy back later. 2nd with people mostly in stables wants BTC to drop to 28-25-23k then bounce back strongly so that they can onboard.
For me this dump of 6k btc in 5min is a signal to accumulate. This situation reminds me of the week overselling altcoin from 11-19 Jul 2021 followed by a dump of btc to 29.3k. This time is the same or not? Let's see.
@crazyikka@ichimokudoc He cannot because he is doing short-term trading. If he tweeted one, it would pump immediately and you could not buy it in any case. Just look for any coins with RSI oversold which have not increased much from the bottom. That is what he is doing. You can try the same.
Rules to Keep in mind 💙
0. TAKE PROFITS. THIS IS RULE 0
1. Make a plan
2. Work the plan
3. Ladder profits out
4. Don't worry about timing a top
5. Fight the urge to go back in
6. Be self aware of your greed
7. Put aside for taxes
8. Buy Red Sell Green
9. Learn from mistakes
https://t.co/fGIpQzK2xL
My target is that btc may revisit the kijun 1d (around 43k 44k), and rsi should revisit the red trend line, before a true rebounce
Just to put things into perspective: The last time #inflation was 7.3% in Germany – in Nov 1981 – the Bundesbank key interest rate was 11.4%. Today, #ECB's main rate remains pegged at 0%.
1/ Unfortunately, the EP committees have voted in favor of the TFR passages that crack down on indiv. privacy & wallets.
The amendments are a huge setback for crypto in the EU & should be repealed in the trilogues.
Here are some examples of worrisome real-world consequences 👇
@cryptodoc_ (for ex: nfty I bought at 0.03, staking 2 month to earn 20%, then sold it at 0.18 two days ago, so I gain 120%*6).
I would not buy coins to stake which have already pumped, even though the apy is 3 digits. At the end of day, the passive income cannot cover the dump.
@cryptodoc_ Personally I would stay away from it. It is not for long-term mindset. Most of the pools will die and dump after several months. Two types I am staking in now is: 1) stable coin pool (for ex: UST in Anchor) 2) Gems I buy at dip as you do, then stake them, then sell all when pump