Hello friends,
Well a gentleman never boasts, but here is how I've been seeing the btcusd market:
and as for the medium term (year most) I've been thinking 4k is more likely than 20k.
I see so much stupidity in this market and it absolutely blows me away. People with degrees from Columbia starting hedge funds who can't even identify a downtrend and base strategy on two data points. I see "quants" making polynomial models of how they think bitcoin will be priced ala stock to flow.
In my opinion, it is a truism that in the long run, the fool and his money are soon to part. And the cryptosphere is very, very, very foolish. So foolish they are indeed retarded likewise. In addition to this, they are inexperienced (so am I for the record only about 4 years). So you've got the trifecta of ignorance and it's not going to work out for these people.
I hope it is the end of most of the garbage, maybe it will be, maybe it won't be. But I know I sure am tired of watching all of the stupidity and scamming. I used to think being in crypto meant you were smart because you could see opportunity before others, now I mostly think it's a badge of gullibility (one that I too wear).
I don't think bitcoin dies, but as I've been saying, I think the halving nonsense is purely stupid. Trading just isn't that easy. Markets are not deterministic. There are no "pumpamentals" as the prominent scammers would have you believe.
There is no reason to be bullish now as far as I can tell. This is a bear trend through and through. If you're bullish based on two data points (ie bitcoin always bounces from past big down moves - some kind of pseudo mandelbroatian retardation) you are being a fool and I've said what I think happens to fools.
Be careful, equities around the world are taking a shit and the corona virus could indeed turn out to be a larger black swan than it already is.
I wish you all to have all of the luck necessary to survive your predicaments, but more so, I wish you all may acquire the wisdom that will make such luck unnecessary.
Godspeed,
Shkreli
Well a gentleman never boasts, but here is how I've been seeing the btcusd market:
and as for the medium term (year most) I've been thinking 4k is more likely than 20k.
I see so much stupidity in this market and it absolutely blows me away. People with degrees from Columbia starting hedge funds who can't even identify a downtrend and base strategy on two data points. I see "quants" making polynomial models of how they think bitcoin will be priced ala stock to flow.
In my opinion, it is a truism that in the long run, the fool and his money are soon to part. And the cryptosphere is very, very, very foolish. So foolish they are indeed retarded likewise. In addition to this, they are inexperienced (so am I for the record only about 4 years). So you've got the trifecta of ignorance and it's not going to work out for these people.
I hope it is the end of most of the garbage, maybe it will be, maybe it won't be. But I know I sure am tired of watching all of the stupidity and scamming. I used to think being in crypto meant you were smart because you could see opportunity before others, now I mostly think it's a badge of gullibility (one that I too wear).
I don't think bitcoin dies, but as I've been saying, I think the halving nonsense is purely stupid. Trading just isn't that easy. Markets are not deterministic. There are no "pumpamentals" as the prominent scammers would have you believe.
There is no reason to be bullish now as far as I can tell. This is a bear trend through and through. If you're bullish based on two data points (ie bitcoin always bounces from past big down moves - some kind of pseudo mandelbroatian retardation) you are being a fool and I've said what I think happens to fools.
Be careful, equities around the world are taking a shit and the corona virus could indeed turn out to be a larger black swan than it already is.
I wish you all to have all of the luck necessary to survive your predicaments, but more so, I wish you all may acquire the wisdom that will make such luck unnecessary.
Godspeed,
Shkreli
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.