The STOCK MARKET, The WHALES, and a GLORIOUS BITCOIN FUTURE!!!!!
Aktualisiert
Ok peeps, I'm drinking a nice merlot, cab, and Syrah blend while making this lol surprisingly tasty.
In my last analysis I was hasty in saying the stock market was going to crash over the week. I am new to publicly stating analysis, and we are all likely to make mistakes. That being said I am sticking to my guns!!! I believe the US stock market will have troubling times over the next month. Currently stocks are amazingly inflated. Many corporations have had cancerous growth over the past 5-8 years. They have accumulated larger and larger amounts of debt on their balance sheets, and have invested that debt into short-term revenue increasing projects that are unsustainable.
I believe that in the case of a negative US stock market correction, a reasonable portion of the money leaving the stock market will be earmarked for investment in large cap cryptocurrencies. Whether this money will come from small investors or large investors is irrelevant. What I know is that people who have money invested, that have to withdraw their money from the investment, would rather invest in something else rather than change to cash, especially in cases where inflation could be a problem.
Bitcoin represents one of the safest investments to make in a recession, especially with the high possibilities of inflation that we all will be looking forward to in the next big recession.
The whales seem like they have had their fun playing with the price and dialing it in perfectly where they want it. Now we need to be patient and wait for them to make their big move. The idea is when they make their move to absorb new ex-stock market money (the little fishes ;)) the price of bitcoin and crypto will massively rise rapidly. We should be positioned and waiting next to the river for the great Alaskan Salmon run, while the bears (whales) feast I will grab a few salmon of my own in all the hubbub ;)
Current Portfolio Composition:
BTC 21,2 %
ETH 29,1 %
BCH 14,7 %
LTC 10,9 %
XRP 21,5 %
BAT 2,6 %
I have been long on bitcoin for many years at this point. A good part of my trading strategy is knowing when and what to sell, and riding the waves of these coins up and, if need be, down :)
Hope you guys have a marvelous week, full of joy and happiness!!!
In my last analysis I was hasty in saying the stock market was going to crash over the week. I am new to publicly stating analysis, and we are all likely to make mistakes. That being said I am sticking to my guns!!! I believe the US stock market will have troubling times over the next month. Currently stocks are amazingly inflated. Many corporations have had cancerous growth over the past 5-8 years. They have accumulated larger and larger amounts of debt on their balance sheets, and have invested that debt into short-term revenue increasing projects that are unsustainable.
I believe that in the case of a negative US stock market correction, a reasonable portion of the money leaving the stock market will be earmarked for investment in large cap cryptocurrencies. Whether this money will come from small investors or large investors is irrelevant. What I know is that people who have money invested, that have to withdraw their money from the investment, would rather invest in something else rather than change to cash, especially in cases where inflation could be a problem.
Bitcoin represents one of the safest investments to make in a recession, especially with the high possibilities of inflation that we all will be looking forward to in the next big recession.
The whales seem like they have had their fun playing with the price and dialing it in perfectly where they want it. Now we need to be patient and wait for them to make their big move. The idea is when they make their move to absorb new ex-stock market money (the little fishes ;)) the price of bitcoin and crypto will massively rise rapidly. We should be positioned and waiting next to the river for the great Alaskan Salmon run, while the bears (whales) feast I will grab a few salmon of my own in all the hubbub ;)
Current Portfolio Composition:
BTC 21,2 %
ETH 29,1 %
BCH 14,7 %
LTC 10,9 %
XRP 21,5 %
BAT 2,6 %
I have been long on bitcoin for many years at this point. A good part of my trading strategy is knowing when and what to sell, and riding the waves of these coins up and, if need be, down :)
Hope you guys have a marvelous week, full of joy and happiness!!!
Anmerkung
Ooof ba boof this is a brutal day lolAnmerkung
BTW people I am calling SUPER stop loss hunt right now maybe trying to get some more ETH / crypto out of the ICO scammers. DO NOT SEND MONEY TO ICOS EVER!!!!Anmerkung
wow crazy losses day lolAnmerkung
huge drops today, I still hold firm, but have taken relatively heavy USD losses. Crypto is an amazing this with massive drops and massive jumps. I do not care either way. I have my plan and I follow through on it. That method of life has taken me this far, and I trust it to take me farther. ;) I sold for my rent last month, next sells will come at the end of this month too. November - December is usually killer for crypto. This could be one last major shakeout, it could be the beginning of multiple massive shakeouts. I do not care. I continue on. Don't miss the forest for the trees, and do what you feel comfortable doing.Anmerkung
It's days like this where you just roll a j grab a beer and chill out lolAnmerkung
btw at least the stock market has taken a dump today too lolololololAnmerkung
btw I just checked my portfolio, I am doing better than I expected today. I moved a little btc into bah at 422, so I made one good trade today, but I am down 12.67% today. CRYPTO in a nutshell. Just wait for the bounce people ;)Anmerkung
Here is the information I want to know from this crash: 1. Were the largest trades during this crash buys or sells
2. What currency was the first mover (USD, JPY, JUAN, PESOS, etc)
3. Which exchange was this started on (or was is uniform throughout)
4. What currency was the major seller and what currency was the major buyer where did the bitcoin move from and to
I am working on a system to understand this information. If there was clear information, there would be less panic, less fear, and less profit loss.
Anmerkung
The major price move happened after the major volume transferred. The price stayed stable from midnight (European time) to 9AM. ALL OF THE BITCOIN MOVED BEFORE THE CRASH.Anmerkung
In my opinion, there is nothing more fascinating than the global crypto market. Well... financially speaking lol there are quite a few blonde dutch girls that are fascinating also lolololol
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