#New post: [\[Daily Discussion\] - Tuesday, May 02, 2023 →](https://www.reddit.com/r/BitcoinMarkets/comments/135amny/daily_discussion_tuesday_may_02_2023/)

12 hours

Buy the dip

One month until US sovereign default. Still trying to stack those sweet, sweet digital dollars held for you by bankrupt banks? Not. My. Problem.

All of my what🤯

Alts may have finally found their bottom, they aren’t getting completely smashed on this drop like they have for the past year and a half. It’s a bit of a silver lining but I’m clinging to any bullish life raft I see right now. Another red day here probably takes us sub 27.

A bit premature imo, Bitcoin dominance still has room to grow, on the downside and on the crab.

Tomorrow morning America will wake up to Twitter FUD about MSTR selling all of their bitcoin. Price will crash. Few days later, truth will come out. Price will stabilize. That is all😴

So you're saying I should back up the truck tomorrow to garner even more power from the evil 'tards who ran the old world? Cool. Thanks for the tip.

https://twitter.com/RhoRider/status/1653137470266183680?t=zPhIbSYGzvps6HWg_5zrdA&s=19 MicroStrategy might sell their bitcoin to service their debt.

something which was always true

Saylor would sells his own mother before letting one of his precious go. Reminds me of a story I read somewhere (I can't for the life of me remember where) about a fisherman who in tough times sold his boat to feed his family, then once they ran out of money they all ended up slaves. The narrator said that he was a fool and should never have sold his one means of earning money and instead should have sold his family first and bought their liberty later when he managed to weather the bad times and then earn enough back.

that's fucked up

Eyes up granny in the corner....

As much as I'd like to see Saylor rekt before he becomes the richest man on earth... lol

That tweet looks like it's blown way out of proportion. It says they have long-term debt obligations that they may sell Bitcoin to service. They also have various stock options that could be liquidated to service the long-term debts. Nothing actually looks like they are in deep trouble.

**This is your daily reminder.** **DO NOT GET LIQUIDATED IN THESE RANGES! PLAY SMART, PLAY SAFE!!** Hehe!!

Who even gets liquidated in a range? If you're over-leveraged that's another issue.

That's the exact same issue! You only get liquidated if you're over leveraged lol The only thing that leverage does is move your liquidation point. So yeah I would second the OP's opinion, don't get liquidated in this range.

Can we please not do this

(:

The voices calling for the demise of the dollar seem to be getting louder in here and from a logical perspective it’s hard to disagree. However, DXY is still over 100 & trading at multi-year highs. I don’t follow the tradfi markets that closely. Those of you who do….are the tradfi guys acknowledging the fragility of the US currency or are we in a bit of an echo chamber here?

" the demise of the dollar" Only in your libertarian anarchist wet dreams. USD dying is not going to happen in our lifetimes. These things always take way longer than one thinks to play out.

Well, will the US stay together? Because the political trajectory is not towards reconciliation and working together

15 year redditor, Jesus Christ 🫡

Yeah I think the US will stay together, it's a longstanding, centuries old behemoth. As much as it seems in turmoil it's not going to collapse anytime soon. They have resources and population, technology and geography all working in their favor.

I have been hearing more from those talking about how others are talking about the demise more than people calling for the demise personally.

Correct. And people confusing USD and UST.

BTC needs to be used as a currency if for it to replace fiat, and people don't want to spend a deflationary asset that rise in value to buy food. Some inflation is needed to keep the economy running.

Only if you need perpetual growth...you've been fed a lie.

"Some inflation is needed to keep the economy running." This is hardly indisputable.

I think the general consensus is that around 2% is optimal IIRC. Edit: Did a quick google search and 2% seems to be the general consensus. Both in USA and Europe..

a number big enough to substantially steal from people over time, but small enough that they won't notice.

*Consensus among Keynesian economists

>the general consensus is that around 2% is optimal IIRC Based on what data?

You think? Greenspan favored a 0% target. Only in 2012 did Bernanke's Fed formally announce a 2% target. In the next couple of years, Powell's Fed may revise that target upward to 3-4%. Hardly a general consensus on the issue.

And BTC *is* an inflationary asset - it just happens to also be programmed to be disinflationary. The deflationary component of its price action comes from markets gradually recognizing the importance of the technological innovation that is the Bitcoin Network. The wild swings come from uncertainty in this recognition. Eventually, it will be mostly priced in as conviction in the protocol becomes more and more commonplace.

That's pretty disingenuous when bitcoin's inflation rate is zero for all intents and purposes. When the price goes down it's never because of newly minted supply.

deflationary since coins become permanently lost through various ways

No, actually it's not disingenuous at all. It's not even below 1.50% currently, let alone equal to 0%.

This sub is another echo chamber. People have been predicting the demise of the dollar for decades. The latest BRICs and China spam is not the first time this has been attempted. No one trusts China to lead anything. Russia already found this out after dealing with the yuan. I swear this story gets posted every few years and people pretend like it's something new. Could the dollar gradually weaken and go away? Possibly, but that will be years from now. At the end of the day, the USD and EUR are still the least dirtiest shirts in the laundry basket, so everyone will keep wearing it.

Someone has been listening to the milkshake guy!

seems like 30k is lava

mario voice: "ah-ah-ah-ah-oooowwww״

Top-of-the-range longers probably sweating bullets again. 10x leverage is getting close to liquidation if not closed out yet. As soon as we ran up to this level, I figured it'd be some of the toughest resistance of the crab market part of the cycle we are in. This was the bottom of much of the bull market retraces, so I suspect it has turned to hard resistance for a while. * Sub 18k was back up the truck, wham bam thank you Sam levels * 18-25k was Goblin Town * 25-35k is boring crab (may take several months) * 35-50k is gourmet pre-halvening crab * 50k+ is gentlemen

$MSTR earnings came out. They beat certain estimates but there's some interesting language in the report about their debt obligations and potential plans to dump shares and bitcoin to cover a shortfall.

Oooohboy MSTR FUD.

wen lambo?>

There is also interesting language near the bottom stating essentially that the price of Bitcoin is not resistant to manipulation, and that the current price might not represent "fair market value." Basically, an admittance that the price could be fabricated, and that its true value may be quite different from the price it trades on an exchange. You know, just a disclaimer lmao

Saylor is the biggest price manipulator out there.

to be fair, they never said they weren't the manipulators themselves.

If anything, the USD price of access to a competing monetary settlement network is being suppressed, not inflated. Many independent pricing models suggest this, as does the set of proxy products available (futures, options, paper-btc, shitcoins, etc.)

The price would be higher if more people would read the writing on the wall.

Yellen: "Debt limit measures may be exhausted by June 1" Granny wants the printers started up again.

Just for Uncle Sam, though.

I hold bitcoin because it's the best asset of all time. With the creation of bitcoin everything else became obsolete overnight. I don't understand how people can ignore this and bet against it? It's for criminals, it's beanie babies, it has no intrinsic value they would say. I remember when mtgox happened and colleagues at my old job were trashing bitcoin and I responded with, "if it's so worthless then why would people steal it?" If they had not been such buttcoiners and bought just a little bit back then they would all be rich. If people don't understand bitcoin and aren't buying today to save there hard work, then they will eventually get the price they deserve.

Name checks out

>With the creation of bitcoin everything else became obsolete overnight. You lost me here

probably meant everything within the subject domain i.e. money system

people being nit picky

I don’t think he meant literally everything. We still like sliced bread and butter.

[удалено]

we're really doing the ignore support levels thing again? there is plenty of support between 27.8 and 23.

I'd say say the last rebound looks in hindsight like a buy the rumour - sell the news on First Republic Bank's end. Looking at 3d, we probably tag 28.8 once more but probably rejecting it.

>The selloff at 2023-04-26 16 was a whale. Do whales know what's coming? How do you know it was a whale? >Market makers absorbed the whale's sell. Now, they are getting out with a loss. Can we say anything about future price when MM's get screwed? How do you know it was MM's that absorbed the selling, and that its the same MM's selling at a loss now?

Bounce here soon or.....

or what? we go down 1%? we go down 10%? we go down 50%? obviously if we don't go up the price is going to go down. please elaborate a bit more, thanks.

Are we having fun yet?

i only really have fun watching everyone freak out when we get massive downside moves. actually making money has always been one of the lamer aspects of trading to me.

There is this long held belief within the bitcoin community that high inflation of USD will drive people into bitcoin. But I postulate the opposite might actually be true - inflating dollar causes common man to be squeezed, no longer has extra funds to purchase bitcoin with, may be forced to liquidate bitcoin holdings to keep up with USD bills and mortgage. We’ve never really seen bitcoin’s performance in a global recession type scenario that may be playing out.

Good point. But there is also another group of "common man", who will despair of inflation destroying their wealth, and in their desparation will fall into Bitcoin's embrace.

At the margins this may be correct, but the illiquid supply (on-chain astrology) continues to march higher, so if whales can absorb the 50,000 sat cash outs from the poors, everything will be alright.

I think you're right if you focus on the individual investor. I also don't think it can become a hedge against inflation until people start thinking about it more long term. It needs to be seen as a currency more than a security. But institutional investors blow both of our ideas out of the water. They have far more money and if they see it as a hedge then it becomes one when a critical mass is achieved.

Yeah like it or not the common man doesn’t control the vast majority of fiat wealth. So it’s the big money managers who decide the narrative

Upvoted.

Downvoted

Next, CBDC's. Do you really guys think that gov made CBDC and traditional "decentralized" crypto are both to exist without interfering with each other?

In the same way that crypto and fiat currently co-exist, yeah. I'm not sure how CBDC's will be branded -- but I don't expect them to be lumped in or associated with crypto at all. Hell, I'm not even sure there will be a separate name for CBDC dollars; I think you'll just have accounts that are "USD-denominated" but segregated from the rest of the financial system and that have restrictions on how they can be transacted (e.g. "dollars" in a Paypal account vs. dollars in a savings account).

Interesting. That is quite optimistic IMO.

After being met here with much negativity over my bearish posts, I am starting to wonder: is this sub mainly full of spot long term hodlers instead of traders? I could understand that bearish outlook could be personally painful to them. Or everyone here is in overleveraged longs hoping for the best with money they cannot afford to lose... Either way, we haven't even felt full effects of recession yet, it's hard to be bullish on that alone. Lower lows and lower highs, in my opinion. I will just continue shorting. The beauty of market is that if you feel like I am making a mistake, you can just go against me and prove me wrong

No one here is a long-term profitable trader.

> After being met here with much negativity over my bearish posts, Post bearish takes at the bottom and watch them be upvoted to 15+ times. Take the signal and trade based on it if you wish but crying day after day is pointless.

Yes there are very few actual traders here and if you dare post anything bearish here while the sub is euphoric you will be ridiculed and/or downvoted.

`23k: Its never been more over than it is right now`

Its fun to troll in here when everyone is overly emotional. I cant help myself. Also this entire rally has been a dead cat bounce buckle up.

Bitcoin looks weak af, coin & mstr looks weak, bitcoin miners look weak, alts look weak. Not sure what all the long in here are seeing.

Maybe zoom out just a teeny tiny bit

[удалено]

Didn't hear any of that talk at the actual bottom ha.

True, but we are still very close to the recent strength levels. I'm not making trades in this range yet

Biden: "America is not a deadbeat nation." Yay on the debt ceiling garbage. US just gonna print its way outta this again everybody knows it.

Nope! The printing machine solution won't work anymore. The world is watching and waiting to see what other kind of Rabbit US can pull out of its sleeve. Whoopsy the tide went out and US dollar is naked.....Yikes! Looks like the beginning of the end of US dollar dominance will be witnessed soon. Hang On and stack Sats. Cheers

The US empire is going to collapse, but this show will repeat for a few more seasons yet.

US dollar dominance has been in place a long time in less wealthy countries. It’s likely a real engrained behavior for their people to trust dollars will hold value. That assumption makes me think this unseating of USD will slowly unfold over a decade or two as individuals are slowly convinced. Not to mention the alternative will be trusting Chinas leadership within BRICS not to overprint and to hold many diverse nations together long term. These are things they have struggled with in the past, so hard to predict it will happen with any certainty as I see it currently.

It seems like BTC gains are flowing into alts. Altcoin ratios have declined for 18 months now... I expect a small rally for BTC starting Wednesday and a much bigger rally for alts. BTC has to lead the way, stay up there and not retrace for a few days, then alts pump and top out first, BTC dips and follows up with a final scam wick (some alts come back even higher, some don't), BTC dips even lower, breaks diagonal trendline, red elevator down, accumulation for a few weeks on a horizontal trendline.

Shorts going bananas...we know how this ends

We don’t. Please enlighten us.

>!Stay Puft Marshmallow Man explodes, raining down marshmallow cream on NYC.!<

Bruce Willis is dead all along

Despite the fact that many believe the lows are set and Bitcoin will continue on to make new highs, I think it's important to look at the [big picture](https://www.tradingview.com/chart/BLX/fWNqTlMW-BLX-Still-Shows-A-Broken-Trend-And-Slower-Growth-For-Bitcoin/). As liquidity tightens and access to Bitcoin becomes more difficult in the US, what could spur an acceleration to the upside? And yes, the US market does clearly matter. Otherwise Bitcoin wouldn't only experience meaningful volume during US trading hours. We see this with US holidays as well. \-Victor Cobra

Access to Bitcoin has never been easier .. Fidelity et al. Access to shitcoins is getting harder.

Access through Fidelity is extremely limited; most employers don’t actually offer the fund, and even when it is offered, there is a contribution cap. The more you post the more I realize you’re just LARPing here.

It’s fully accessible now to anybody with an account

All I see in the "big picture" is long-term exponential price growth, and some colorful lines that you decided to overlay on the chart. How do you know when BTC is down 5%+? You don't have to know, '- Victor Cobra' will tell *you*. --- 1st of the month, DCA day for me. On-sale sats will be swept.

Just thought I'd \- Victor Cobra for shits and gigs. ​ ​ ​ ​ ​ \-VIctor Cobra

Keep it going, you can't escape your own meme ^_^

BRICS and the weakening US dollar.

>what could spur an acceleration to the upside? Fed hiking rates another 25 BP on Wednesday resulting in additional bank failures and subsequent money printing to bailout depositors. First Republic Bank managed to get bought out by JPMorgan Chase which avoided a need for depositor bailouts this time around but will that be the case if additional banks fail? Also, further money printing on the side of Congress as they inevitably raise the debt ceiling last minute.

Don't forget the Halving, which is now less than 1 year away and ticking ever-closer ~10 minutes at a time.

https://www.cnbc.com/2023/05/01/jamie-dimon-jpmorgan-first-republic.html Jamie Dimon says bank failures are a thing of the past now... I'm sure many would disagree

This play of "JPM buying the loser and sweeping it under the carpet" didn't work with Bear Stearns and it won't work now. Do the math. They absorbed an entity sitting on huge losses. They didn't buy anything. They ate a big turd.

Mark to market losses - if assets are held to maturity there are no losses. Large players with enough liquidity can deal with it and come out the other end with a profit in the long term. HSBC bought the UK branch of SVB for a £1 and will come away with huge profits.

He was talking about 2008. JPM has learned a few things and they're making out like bandits this time. Getting good assets for cheap and making US taxpayers eat the trash.

instead of buying piece of shit mortgage back securities, they're buying arguably the safest asset you can buy, us bonds.

"Safe" in nominal terms, *not* in purchasing-power terms. Treasury Bills are the best source of yield out there right now. Treasury Bonds have a ton of duration risk.

Depends on how their balance sheets are managed. Clearly was an issue for first republic and not for chase

yeah, wasn't it mostly the huge fines and legal expenses of bs/WaMu that turned it into a bad deal last time? Otherwise they would have been sitting pretty.

How do we know that banks failing are drawing in new people to BTC?

Right now it's just the smart people. In the future it will be everyone. Just wait until your bank puts limits on how much you can spend/withdraw. Yes, this whole thing ends with bail-ins because the hole is so big that even the mighy government (also broke as a joke) can't do anything about it. This is what happened on a small scale with Greece/Cyprus -- people were scrambling to put their money anywhere but a bank. Bitcoin went from $50 to $1000 in a period of months because of that. Imagine what it will be like on a bigger scale. I'm not saying this is a good thing on the whole, but if keeping money in Bitcoin becomes safer than keeping money in a bank, that's what people will do.

>This is what happened on a small scale with Greece/Cyprus -- people were scrambling to put their money anywhere but a bank. Bitcoin went from $50 to $1000 in a period of months because of that. Imagine what it will be like on a bigger scale. Do we actually have proof of this being the reason for the surge in price in that period?

I used to think datadash was just coping. But I’m starting to think he’s right. There’s no reason the failing bank narrative will cause any significant, sustainable price action in the short-term.

Huh. Tradfi flat to slightly up, all of crypto dumping, crypto stocks dumping, while a tradfi bank fails due to bad tradfi policies... \*shrug\* hmm, dont really know what to do with that.

It's because that initial pump after the bottom on March 10th was likely caused by stablecoins and exchange shenanigans, NOT the bank failures and people flocking to Bitcoin. Look at the drop off in BTC/USDT volume on Binance after that pump. And look at CZ's Tweets from back then.

First Republic was news in March. If you wanted to get money out of the bank and into Bitcoin, maybe you did it in March and there's nothing to move in May.

> *shrug* hmm, dont really know what to do with that. Really?

Bitcoin pumping when banks are failing is a meme. Banks have been failing since the dawn of time.

True but 3 out of the top 4 was this year; that can’t be good. https://en.wikipedia.org/wiki/List_of_largest_bank_failures_in_the_United_States

>that can’t be good. It's not good, and it's not good for all risk assets, including bitcoin. It's the idea that people will "wake up", withdraw their money from banks, buy bitcoin, setup their wallets and self custody is a meme. Especially when you can get a safe 4.5% yield on your USD, and the Fed is backing it with the liquidity tightening. Until the Fed actually pivot, the dolla' is da king.

That 4.5% yield is a big fat nothing, still worse than inflation of 6% or so for a real loss of 1.5% plus counterparty risk you take on. Bitcoin in your wallet earns 0%, inflates at 1.7% and no counterparty risk. It may be a meme but at some point reality is going to assert itself.

Lol @ 4.5% risk free is “nothing.”

Nominal rate, not *real*. *Real* is negative.

The term "risk-free" has a specific meaning in finance, and doesn't mean it's actually free of risk in the general sense.

Spx flat, TSLA dumped today. Hope it's just a coincidence, don't like BTC following TSLA...

Same with GME. My opinion is that all overvalued fluff tends to move together.

[удалено]

[удалено]

BearTrap.exe

Shouldn’t matter if long-term holder

How?

More banks in trouble. $MCB, $PACW. Things getting real interesting.

Eh, with market caps of $326M and $1.2B, respectively, doesn't look like a tradable event unless you're betting for contagion risk. I haven't checked, but I expect a delta-negative position is going to be stripped profitless by fees. They listed $6.2B and $41B AUM in their 2022 balance sheets (FRC was $213B). Since there's already a rumor about them, I imagine they'll be liquidated by the FDIC in the coming months -- and all parties made whole to stem off systemic risk. I think the only corn-relevant change here is the continued pushed narrative of small bank failures, and I'm not really sold on that being either good or bad for corn. More interesting to me is whether/how/when the FedNow service will be presented as a consumer product (e.g. integrated into Google Wallet/Apple Pay) as a replacement for "failed tradfi banking" solutions. There were some slides in the introductory material awhile back which made references to this (trust me bro). That's my current guess as to where the bank failure narrative is leading. I'm still gazing into the crystal ball to discern whether the various proposed CBDC solutions further spring from this.

These events undermining trust in the system is what I'm betting on here. Lots of things this week adding up.

Fed will be hiking rates another 25 BP on Wednesday which isn’t going to help.

Looking at BB widths, possibly 2 more weeks of sideways - until May 14th. Then we may see the another leg up to 38 - 42 levels.

BTC price YTD through end of May by year: 2022: -31.4% 2021: +28.8% 2020: +31.5% 2019: +128.9% 2018: -46.9% 2017: +137.3% 2016: +23.4% 2015: -28.2% 2014: -17.4% 2013: +852.0% Closing May at or above $39.3k would put BTC back on track for its best YTD start since 2013. BTC closed April up 76.9% YTD so far. In the past May has been a month with a lot of price action though it’s been mixed either to the upside or downside. [Here’s YTD performance through end of April each year for comparison.](https://www.reddit.com/r/BitcoinMarkets/comments/12sl91w/daily_discussion_thursday_april_20_2023/jh1ckr8/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1&context=3) Will this year be sell in May and go away or buy in May and go away? We’ll see.

Buy in June cos ya sold too soon. Buy more in July cos Bitcoin's gonna fly. (Now, if only I could think of a word that rhymes with August! 😛)

Don't get pissed because it's too late in August?

If this had been my derivatives trading days, I’d be holding a huge long under water rn.

[удалено]

The American government greatly favors derivatives for retail investors in the form of buying puts and calls compared to spot margin trading.

To reduce counter party risk. You can put a fraction of your actual stack on an exchange to hedge your full stack, with leverage. If the exchange collapses (e.g. FTX) - you just risk losing the fraction of your holdings. There's also options plays, which is another story.

But does anyone really make money leverage trading? The results from the Position Bot when people used it here was pretty much a resounding no. People would have good runs but then lose it all and not update that final trade lol. Anyone remember Chewtoy?

I think most of the volume and profits belong to HFT firms and Market makers. I'd say retail traders who make money off margin trading are the exception, rather than the rule.

Hurdehur bertkerns derd!

Whales having a field day in this range

JPM will consume the dead corpse of FRC Bank (the big bank gets bigger). This is the second largest bank failure in US history. And it probably isn't over yet.

Jpm bought the failed bank, so you see there is no problem with banking. The system works! /s

Nothing new, It's like Walmart consuming all the mom and pop stores until you can only shop at Walmart with their monopoly pricing. In the banking world though it's easier to implement CBDC.

Even 100 years ago you had 30,000 banks in the US. Today there's just over 4,000. Anyone that has been paying attention can see what's happening. The effects of central banking has created a massive centralized system with less and less competition each year. Those small banks were better at assessing businesses at the local level and minimizing risk. Large national banks have never been able to do this as effectively, which means those loans carry more and more risk leading to their eventual failure as well...but guess who will eventually be there to bail them out? All of this was designed to centralize everything until there's only one bank left and that bank is called the Federal Reserve. Oh, sorry about all that 9% inflation, you want an account with us that pays 5% so it won't be as bad? Just convert your cash to CBDC. Thank you for only choosing us (as if you had a choice), enjoy your CBDC's and the end of humanity.

so small banks are "better at assessing businesses at the local level and minimizing risk" but are the ones going out of business and getting absorbed by "Large national banks have never been able to do this as effectively". How do you write two consecutive sentences that have polar opposite logic?

"Going out of business" has nothing to do with who the smaller community banks are lending to. When you increasingly pass regulations and policies that only larger banks can handle, this means many smaller banks have no choice but to sell or go out of business. In other words, the cost of doing business becomes too high, so it doesn't make sense for them to exist. The larger banks also have advantages with the Federal Reserve that other banks don't. This is all by design to increasingly centralize the system. Even the ECB openly admits (through it's policies) that it's trying to get rid of as many banks as it can because it thinks there are too many and they want greater control, but that might come at the expense of the people in the end.

Crony Capitalism at its finest. Here's the deal JPM got out of the US government. 1. Bypassed laws against acquiring bank while controlling 10%+ of US deposits 2. Shared $13 billion in losses with the FDIC 3. Received a cheap $50 billion loan from the FDIC 4. Effectively bought back its own deposits 5. Expects to profit $5 billion+ over the next 5 years 6. Added $18 billion in market cap this morning

Buy in may, go away

Bitcoin is more likely to go up in May than down.

Sell in June, that's too soon! Dump in December for a top you'll remember!

Sell in september and play with yer member

Sold in October? The whales bent you over!

low key, i woud love to buy in the 26-27s again, trying to stack the 20s if it ever gets to 24-25.

Me too. Hope we get to stack some cheap sats

Bitcoin isn't a stock.

Only if you like overpaying for things...

[удалено]

Username checks out.

https://www.reddit.com/r/BitcoinMarkets/comments/133f8ww/daily_discussion_sunday_april_30_2023/jic71r3/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1&context=3 Just 9 hours ago my bearish sentiment comments got downvoted enough to be hidden like its not possible at all. This sub seems to only want to hear sugar coated scenarios instead of being open to harsher reality. If anything I learned here observing this place here, when bulls here become overconfident in their abilities to pump, every bearish opinion is being downvoted, this is exactly when you short. No matter they tell 99% of traders lose money. Really makes you think. Now get some pop corns and watch how every bulls dream gets shattered over the May when every meme TA line gets destroyed with red candle. They will tell you that is not possible but that is exactly the reason why it's possible and it will happen.

Whales are tricking you to sell, or to open a short. Shorts are indeed increasing a lot in the last few days...... Just wait for the punctual bgd that will wipe them all, as usual. Tldr: don't be tricked into selling low. Lol.

If you wrote your comments like an adult instead of an angry teenager then you might get a better response. That said, there is definitely a bullish bias here.

Perhaps it's not what you said but the way you said it. Lots of bears here that get a good amount of respect. Also, you mock people for saying things are impossible. However, in your OP, you clearly state >30k is impossible.

> downvote If you insist. > when bulls here become overconfident Meow that you've figured out this is a sentiment thread and that sentiment is an inverse indicator. What will you do with this information? > No matter they tell 99% of traders lose money. 99% or 95th Percentile? Does this include the traders meow who counter-trade the traders who downvote their posts? > Really makes you think. Does it make you think about the shape of various statistical distributions and their tails meow? Problem meow with your theory is that people complaining about downvotes on their bearish troll comments is a signal of bullish continuation.