Member Info for HopeGreedNothing

Looking specifically at bitcoin's recent trading, the cryptocurrency is at No. 11 of DeMark's well-known 13-session countdown pattern, which the technician uses to identify when a rally or decline will be exhausted
If Monday's intraday turnaround ends up leading to only a brief rally, "DeMark wouldn't be surprised to see bitcoin getting hit with a two- or three-day panic selling climax, which could briefly take it all the way down to 26,355,".

* While there's a risk that bitcoin's steep decline in recent weeks could cause structural damage to the cryptocurrency, DeMark is betting that will not happen — just like bitcoin's roughly 56% drawdown from April to June 2021 didn't prevent it from setting new highs in the fall.

H - Take the cash pay the loan.

price?

Meanwhile, the Biden administration is preparing to release an initial government-wide strategy for digital assets as soon as next month, according to Bloomberg and task federal agencies with assessing the risks and opportunities that they pose, according to people familiar with the matter.

well here is what happened to over 4000+ btc. sold after the wife of a ponzi scheme shyster fled to florida.
'Sixteen other associates were also charged, including Diaz Zerpa, dos Santos’ 38-year-old wife, who left the country weeks before the raid and is believed to be in Florida, according to authorities. They say she withdrew more than 4,300 bitcoins worth $185 million (1 billion reais). AP attempts to locate her were unsuccessful.'

Does 'it'

Stnz - if you cant see the difference of the two situations look at it this way. AK gave a prediction based on TA over a limited time period. Yours is a hope that in 20 years time your investments will have increased in value. Give us a shout in 20 years and lets us know how it worked out.

you make predictions you will either be right or wrong, the question you should be asking yourself is - Does matter or not...if someone is wrong that they have the character to admit it.

AK - forgot to say.......bloody long posts too!
Fair play on the admission, some on here should learn from your example.
Now thats something i wouldn't hold my breath waiting for. :)

Ak - 'I must be the idiot someone here suggested as a consideration when I predicted $40k would hold up well - even if retested a few times… it looks like he was right'

be fair i didn't call you an idiot, take chaebol's advice, you write interesting posts, stick around.

JU - :)

has this been posted - Microstrategy - U.S. Securities and Exchange Commission reportedly rejected the company's bitcoin accounting strategy. We note your response to prior comment 5 and we object to your adjustment for bitcoin impairment charges in your non-GAAP measures," the filing said. "Please revise to remove this adjustment in future filings.

chaebol - replace my 'you could well be right' with
100% agree if btc keeps falling so will share price.

chaebol - you could well be right, but i'm hoping (maybe falsely) the majority of blood letting will have been done buy then.
all btc dependent of course.

Chaebol - 56p cant disagree.

looks like only 1 question left short term is it going to be 50% or 80% BTC retrace.

AK - thanks for response, and taking my message in the jovial manner that was intended hence the smiley face. others seem to see it as a mocking gesture.

while the real economy data is looking good it currently does not reflect the shift in the markets today, and while we all hope that the markets will, sooner or later reflect underlying economic data, it is not always the case hence "Markets can stay irrational longer than you can stay solvent" .

There is the commentary that BTC follows Nasdaq, this can ring true based on reasonable assumption, given the risk asset label that is assigned to BTC. It follows that when Nasdaq drops then risk assets get hit the hardest. Flight to safety and all that, cash is only 'trash' until you want to liquidate and hold on the sidelines. We also have had the link of BTC as inflation hedge / Store of value all depends what story suits best at what time. Just depends what story you want to buy :).

'Now, they’ve gone the other way, also to the extreme. How many rate hikes are priced in already? I was scooping up oversold tech two hours ago, thrilled that ii’s were selling me some of their best stocks.'

rate hikes - at first it was two, then three, lastest 4, dont think we are at 5 yet but could have missed that news. markets have gone extreme i agree, pricing in faster rate hikes, but once points are hit on the way down, then the algo's exacerbate the drop. "Buy when there's blood on the streets" but how much blood :)

Your joy at buy tech on the 'cheap' really depends on your personal timeline & perspective. Will they still be cheap if the NAS drops another 10%? Not likely to happen due the the real economy right? Once again irrational market.

We have come off the back of the fastest monetary expansion in history and had the party, time for the hang over, sentiment will change, underlying economic data may stay healthy markets might reverse, pigs might fall from the sky :), point is all depends on your time horizon.

good luck with your buys, market due to turn mid year, so 'they' say.

'Here’s my take: Since I believe that most people are wrong about most things most of the time (including me)'

That is definitely the case in this game.

CT - for the number of darts that have been fired my way, you would have thought at least one of them would have hit the board.

AK - I'm no less or more (cautiously) bullish than when I called a $40k low 10 days ago.

That may be so regards your caution level. But you where wrong on you 40k low call. BTC at $38.6k.

i know you have always said you could be wrong, well congrats you are :)

So AK says real money still buying and Aldebaran says the whales are dumping. And that we should all be able to see it but not 1 provides any evidence to back up there position.
Over to you two?
AK were does it show real money buying?
Aldebaran where does it show whales dumping?

DP - i don't want it to fall i am invested. so try again.
see my last post for your answer.