The Fed is hinting about the Demise of Cryptos

[chippermon]

Crypto is fairly easy to trade, really.

When no one is talking about crypto, accumulate btc.

When everyone is talking about btc, start accumulating alt. coins.

When your grandmother asks you about btc, sell all your crypto holdings and short.

Easy, peasy ...

For you technicians out there, I think BTC price action is very tradable technically. I think it responds well to liquidity support and resistance levels. I wish I could get a handle on the COT data that is provided on it. I'm still not sure what to make of that. Needs a lot more study. Who's got the time.

[bpcw]

Crypto is fairly easy to trade, really.

When no one is talking about crypto, accumulate btc.

When everyone is talking about btc, start accumulating alt. coins.

When your grandmother asks you about btc, sell all your crypto holdings and short.

Easy, peasy ...

Yeah might not have been the best to put the video but interesting!

[Yodean]

I wish I could get a handle on the COT data that is provided on it. I'm still not sure what to make of that. Needs a lot more study. Who's got the time.

my3c on btc: rangebound between 23k and 32k ... sell some near the top of the range, buy some near the bottom of the range. HODL a portion for a likely bull run in '24/'25 (next halving in '24).

If btc is able to remain above 30k - 32k for about a week or so, then a run to 40k+ is likely. Until then, my base case is rangebound as delineated above.

For the btc cot data, there's not a lot of history, so data isn't robust. With that said, I've been analyzing it for a while now, and the best set-ups seem to be when the Large Specs are positioned opposite the Small Specs, preferably at extremes (this is the only contract where I don't pay much attention to the commercials). So you bet on the Large Specs being right.

This ideal cot set-up doesn't come along very often, but the risk:reward asymmetry seems quite good, for btc.

[chippermon]

I wish I could get a handle on the COT data that is provided on it. I'm still not sure what to make of that. Needs a lot more study. Who's got the time.

For the btc cot data, there's not a lot of history, so data isn't robust. With that said, I've been analyzing it for a while now, and the best set-ups seem to be when the Large Specs are positioned opposite the Small Specs, preferably at extremes (this is the only contract where I don't pay much attention to the commercials). So you bet on the Large Specs being right.

This ideal cot set-up doesn't come along very often, but the risk:reward asymmetry seems quite good, for btc.

Good to know. Thanks

[Budge]

Not sure how I missed this from the 15th:

BLACKROCK FILES BITCOIN ETF APPLICATION, LEVERAGING COINBASE CUSTODY

https://bitcoinmagazine.com/markets/bla ... se-custody

[chippermon]

So, if I'm reading this right, this means it will now be deemed a commodity by the SEC and CFTC. No longer a currency

[SOL]

The objective with Bitcoin or any alternative that can offer some level of privacy and freedom can be summarised as follows:

Runup, Regulate, Roundup/Gather, and Ruin/Dismantle

Real estate was once regarded as the American dream, but it's gradually becoming the American Nightmare, not due to its unsoundness as an investment but due to regulations that are intended to dismantle/Ruin it.

[AstuteShift]

The objective with Bitcoin or any alternative that can offer some level of privacy and freedom can be summarised as follows:

Runup, Regulate, Roundup/Gather, and Ruin/Dismantle

Real estate was once regarded as the American dream, but it's gradually becoming the American Nightmare, not due to its unsoundness as an investment but due to regulations that are intended to dismantle/Ruin it.

I believe it to be a setup and also a sneaky way to get the masses to embrace digital currency and tracking like cattle

It’s ingenious in a way