As the title suggests, i really believe it’s no coincidence that this shakeout is happening just before Christmas. Everyone was expecting a pump, instead the market was dumped with only 8000 btc moving onto exchanges.
The on exchange reserves of btc (and eth) keep dropping. Big wallets are buyng the dip. This to me says that this isn’t a true selloff, I think it’s the dump before the pump.
If the big players aren’t selling , who’s left? The little guy. Retail investors like us. Psychologically it makes sense. People are more desperate at Christmas than most other times. Many newer investors overdid it and were depending on the pump to have extra money for Christmas. They are more likely to panic sell.
People thought: Why not fatten the Christmas budget by riding the December pump? Everyone thought the pump was coming, it’s q4 the year after a halving!
Tldr: since big money aren’t selling, i’m convinced they’re soaking up what they can of the remaining available liquid btc by scaring more easily frightened noobs and exploiting xmas desperation.
Edit: metrics im refering to for those interested are illiquid vs liquid supply, balance held on exchanges, time spent holding, and activity seen in major wallets https://btc.com/stats/rich-list
Silver and gold are right at major moving avg/and trendline resistances. Whatever happens thursday and not tomorrow I believe will determine the next 20 percent move.
I think its up but there is a lot of tricks and schemes. Currently gold and silver are the only commodities down in the premarket. There is a lot at stake tomorrow.
I’m a day trader but I just want to reassure some of the hodlers. This is a classic shakeout/accumulation phase. It’s literally an exact replica of May to July for BTC. I’m not sure if this accumulation phase will be as long but we are nearing the bottom here. People need to adjust their mindset. It’s not 2017 anymore. There isn’t going to be one big crash that kills the market. Cycles are shorter and they bring great volatility with them. Check out July 20th and September 28th. This could very well be the springboard.
Expecting some major action around the daily close here.
Title says it all: as the price of Bitcoin and the altcoin ecosystems continue to crash, how many dime-a-dozen NFT projects and low-value “Metaverse” projects will either die on the vine or outright rugpull?
This is not financial advice, and I'm not here to tell you what to do. I can only tell you what I'm doing.
I have 70,000$ on the line, and I'm already down 35,000$ (over 1700 warrants at a 40$ average).
Did I play this as well as I could have? No. I let my emotions get in the way and could have been in a slightly better position right now. But I have no regrets. That's how much I believe in what Truth Social is trying to accomplish and how important I think the mission of standing up to Big Tech is.
My recommendation is to take a step back and look at the bigger picture. Trump is on the verge of creating a media empire that will be worth billions in the future and far exceed anything he's ever done. I have no intention of panic selling and am convinced we're near the floor. I'm also confident that we'll get some news by next week regarding beta testing.
All that leaves me with one option: HODLING!
Does anyone else feel this could be the final shakeout before the typical end of cycle parabolic move?
I feel everyone was waiting for September to close with a slow turn to the upside for the coming months. Which makes me think that whales and those with a controlling interest, would want to bleed the market a little further. Also, the uncertainty in China and uncertainty with the Fed tapering is causing a risk off mindset.
What do you think is the main factor?
Obviously, we don't know shit about fuck.
Shakeout has been happening for the last 3 days, take 10% of dry and throw it in each day. This isn’t “whales”. This isn’t “manipulation”. It’s literally normal healthy crypto growth.
Remember to ALWAYS have dry on hand for over leverage days/shakeout days boys and girls.
I love you, sweet forehead kisses.
Check out this podcast with Dylan Leclair!As Head of Market Research at Bitcoin Magazine and Senior Research Analyst at UTXO Management he is well versed in on chain metrics and has a great understanding of the market mechanics driving Bitcoins price movement.
This is relevant to Loopring since crypto tends to move together so i thought i would share to help people that are concerned about recent price movements so they dont feel inclined to paper hand. He is still very bullish on Bitcoin & believes it will continue rising after this period of consolidation.
https://preview.redd.it/58xxdvkqn5081.png?width=1326&format=png&auto=webp&s=f7374dccf063958d96347fd19eedb1c204ed41ce
HODL the line!!!!
Pomp Podcast Interview on Bitcoin Leveraged Shakeouthttps://open.spotify.com/episode/6J3uOrf2mBmy9jtKQbDHB0
Dylan Leclair Twitterhttps://mobile.twitter.com/dylanleclair_
Linked Inhttps://www.linkedin.com/in/dylanleclair/
picture is from his twitter, give him a follow if you like his work. I have no affiliation with him whatsoever but i have the upmost respect for him as a knowledge industry source.
As OMI gets closer to Erc-20 whales 🐳 want to get in at an even lower price …!! Nothing to fear !!
After recovering from a brown recluse bite, I signed up for a local 10k double half marathon ultra. I jogged a few 400s at the HS track. Got my two hour long run in on Sunday, when I saw two bald eagles engaged in gay sex. On today’s 5k ultra shakeout, I slid on gravel (was I going too slow???) then saw a dying frog at the foot of my driveway.
Are these omens? And if so, will the 10k double ultra half kill me or will I look 20 years older at the end (‘cause I heard running prematurely ages you)? How many boxes of pasta must I eat to appease the cruel gods of running?
Edit: To clarify, as a sexually flexible person, did not want to imply that gay sex is bad—looked like the eagles were having fun—just that it’s not something often seen.
Just a reminder because I always forget things like this, today, 10/21 at 10:21am is the Great Washington Shakeout for Earthquake Preparedness testing. If businesses are participating they may have an alarm and/or an evacuation for a few minutes!
https://preview.redd.it/41kjaa6ssot71.png?width=1759&format=png&auto=webp&s=a6b5dbe302e34eb2d7592f5649974ec27e785afd
I believe they are trying to shakeout all they can before the next big spike. Inflation is a fact Jack.
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