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#2
10-23-2021, 12:45 PM
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Oh, and that LTHSSR is the highest it's ever been.
We're still on track for $100K BTC by EOY. Some think $135K. Oh, and another chart to watch is MVRV Z-score. See: https://www.lookintobitcoin.com/charts/mvrv-zscore/ Buy green, sell red. Easier than playing EQ, and that's easy.
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#3
10-23-2021, 12:42 PM
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Actually, withdrawing from an exchange is a bullish sign.
When $100M in ETH comes off an exchange, that is $100M ETH unavailable to be bought or sold... There are blockchain TA guys that follow this kind of thing. It's called the 'LTH Supply Shock Ratio.' A large amount of Bitcoin hasn't moved in over a year. The number of actual coins available is small and so you watch the short-term, are coins going ON or OFF exchanges. When you see LTHSSR high and coins are coming OFF exchanges, we're in for a supply shock which drives up price. BTC is so darn transparent, it's actually not so hard to know when to buy/sell. It's just average joe retail investor isn't aware.
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#4
10-29-2021, 01:01 PM
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I have a serious wonder.
Usually I am full out after a bull run of all these meme stocks I own but part of me wonders if, these meme stocks are just getting hit with the global PUMP that every company is about to get, while we start the hyperinflation rocket. Are evaluations of companies just going to double over the next 3-6 months? Is now the time to take the emergency savings and make sure it's in a market that is going to do well during inflation? Like wtf is tesla valuable at all lol we dont even drive anymore and robot cars are another 10 years away based on their own science? If I can think of any reason it's because people think they have some sort of plan for the great turning? Or is just the value of invested dollars doubling in front of our eyes right now? | ||
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#5
10-29-2021, 01:14 PM
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Also this could be the reason stocks that have no real value besides social constructs are doing well: https://apnews.com/article/business-...eb5a1111e1df49
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#6
10-29-2021, 07:46 PM
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S&P had ATH what was it, like 3 times this week?
Denominated in USD, it's w/e. Same with wages.
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#10
11-02-2021, 01:25 PM
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Anyone nervous about the only people buying these global cryptocurrencies is those in the US? Bitcoin and Ethereum are described as a global cryptocurrency where you don't need banks etc., but its not really a currency because no one uses it as such, its more like a digital investment commodity. Problem is for that to be worth anything, everyone has to agree that is it worth something. But the only ones who think it is worth anything are those who live in the US I assume because we are the only ones buying it. Anyways if global banks start tightening up and raising rates I could see people in the US holding the bag on some of these cryptocurrencies.
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Last edited by Gatordash; 11-02-2021 at 01:27 PM..
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