https://threadreaderapp.com/thread/1479640502324580362.html
Great thread from Raoul Pal for those with longer time horizons in crypto/stock
Great thread from Raoul Pal for those with longer time horizons in crypto/stock
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Did see some twitter comments on this yesterday, and wonder how much impact it had.
Bitcoin miners caught in internet blackout amid bloodshed in Kazakhstan
The global computing power of the bitcoin network drops sharply as Kazakhstan's internet shuts down amid a deadly uprising.www.abc.net.au
I think last week there was a lot of hype for FTM after 2 weeks of rising against a weak BTC. Then people started youtube videos showing Tombfinance and the brilliant APR available on Tshares, which had also doubled in price. People buying Tshares at 20k+ (its at 10k now).Any explanation to why FTM is so volatile compared to the other coins?
I borrowed against my Luna and bought more Luna at $69. Liquidation price is at $35, pretty comfortable with that.LUNA starting to breakout on both BTC and USD charts, hopefully keeps going.
What are people's thoughts on turn around time on market and do you think there would be benefit to short term investment? I have a chunk in term deposit that matures shortly but will need most of it in roughly 3-4 months when our home build is scheduled to start. Weighing up if I should put some/all into crypto or just let it sit.
I would be patient and wait for a clear sign of a trend reversal if you’re looking for a short term gain. I don’t think there is much more downside from these levels, but it could also crab sideways here for a few more weeks too before reversing. The Heikin Ashi candles on TradingView are a good way of monitoring trend changes; I would personally wait until it turns green on the weekly timeframe before investing for the short term. This is just my opinion though. As Owen said above though, this is crypto and it is volatile, so even if you are patient with waiting for a trend reversal it can easily change the other direction just as quick.What are people's thoughts on turn around time on market and do you think there would be benefit to short term investment? I have a chunk in term deposit that matures shortly but will need most of it in roughly 3-4 months when our home build is scheduled to start. Weighing up if I should put some/all into crypto or just let it sit.
Don't put money you need in to Crypto IMO, especially not when you need it in the short term and can't ride out the volatility long-term.
Sorry probably don't need so much and would be putting some sell orders. There is room to play with though. Just gambling the size of the home loan really!
What are people's thoughts on turn around time on market and do you think there would be benefit to short term investment? I have a chunk in term deposit that matures shortly but will need most of it in roughly 3-4 months when our home build is scheduled to start. Weighing up if I should put some/all into crypto or just let it sit.
What are people's thoughts on turn around time on market and do you think there would be benefit to short term investment? I have a chunk in term deposit that matures shortly but will need most of it in roughly 3-4 months when our home build is scheduled to start. Weighing up if I should put some/all into crypto or just let it sit.
Very nice! I grabbed some at 3.80. First burn should happen in the next few days and they have a NFT platform called Edenhorde releasing tomorrow (Pentoshi has drove this project and just put up a long thread about it on CT).BACCS Helped myself to a little more BC at $3.50 the other day...
I didn't realise you recieved them so quickly. You Dot is still locked for 2 years?Just checked and received the first 30% of my Moonbeam rewards from the Polkadot auction.
About 70% of my total investment already.
They release slowly over the two years. Moonbeam said they'll release 30% when they launch.I didn't realise you recieved them so quickly. You Dot is still locked for 2 years?
A pure technical analyst will claim that charts tell a story of what's to come irrespective of news. The common explanation is that news acts to push price in the direction and magnitude it was already heading, so BTC would have hit 29k irrespective of Elon's games. We had clear bearish divergences in RSI and volume during the first peak which hit 64k. Those factors, plus the shitcoin pumps had me cautious near enough to the top.Interested to get your thoughts on this Evolved1 and anyone else that wants to join in. Do you think news events in crypto are just a way to explain a trend that was already starting to happen anyway?
If we take a look at 2021, prices had basically been on up only for 6 months and then news events like Elon Musk/Tesla selling and minining environmental FUD are used to explain the trend reversal in May. It's fairly clear that RSI was way overbought for quite a while and the trend had started to flatten out since mid March, it had simply lost buying momentum and investors had 6-8 weeks where they could have basically sold the top and taken decent profits. Up only for 6 months will always trigger some selling pressure eventually.
This is similar to what happened in early November 2021, where again a news event was used to try and explain the trend reversal (potential rate hikes in the US and Feds tempering inflation in 2022). However, it had again been basically up only mode for 4 months after the mini bear market during the middle months of the year and it gave investors a 2nd opportunity to sell at ATHs. Again, even if you didn't sell the high you had a clear sign of a trend reversal the following week that gave an exit opportunity at 65k.
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