Shall we discuss what’s happening in the market right now? Why price is on free fall? Why btc is at 50k and eth at 2.2k
Collect enough likes and we will
Nostalgic memories hitting
March 12 2020 feeling rn
Btc went down -50% in fucking hours then, this is not even remotely close to what we experienced then
But eerily similar to it sentiment wise, I don’t expect a V shape recover buy long term, this is easy a buy imo
More downside possible but I an only thinking this is either generational entry as fed money printer goes purrrr or we are doomed for good.
Leaning to the former imo
What a time tbh
There is alot of narrative brewing right now as why we are dropping currently
I saw screw the narratives
Narratives usually follow price and are formed when ever people want to justify on what happened
But this current mkt structure is sort of black swan events
*War brewing in iran/Israel
* japan jpy/usd carry trade unwinding
* feds are always late to this game( waited too long to easy up interest rate)
This are all systemic risk( over all macro risks)
But we do have our idiosyncratic risk as well
*US gov selling
* Mtgox supply overhang
* popular Japanese crypto funds blew up and jump crypto liquidating their stash
* everyone being over leveraged etc
Cryptocurrencies are SKAMS!!!!!!
Cryptocurrencies are SKAMS!!!!!!
Cryptocurrencies are SKAMS!!!!!!
Cryptocurrencies are SKAMS!!!!!!
Cryptocurrencies are SKAMS!!!!!!
Let's see if eth can bounce to 28xx ish
Put SL in profit if you have taken this trade
https://x.com/fanoscrypto/status/1819466999241523559?s=46&t=YABKVGLZXWHgkGksQ4O49w
Predict when will the Bank rate > black market rate
For anyone who want to understand what’s happening, jonathan articulated it perfectly here
https://x.com/jonwu_/status/1820283967049965909?s=46&t=YABKVGLZXWHgkGksQ4O49w
Japan carry trade explained
Everything is imploding rn
NDX down -6%
SPX down -2%
Japanese stocks index down 13% ( literally the worst day since 1990)
BTC chilling above 50k so far
Rly interesting stuff
So what to do rn?
Absolutely nothing
Wait for US mkt open today and see how they are reacting atm
If too bad we might see a cascade liq on btc and eth for 10-15% again with alts dropping 20-30%
If not, then this prob is the bottom for this week
Btc at 53k and eth at 2100 is a steal imo
Down horrendously since last week high
Volatility on portfolio is insane rn lmao
But I am as calm as one can be
Looking at the situation on neutral perspective and reassessing what happened, what is happening now and what could happen given the above questions!
dca'ed into 300k $zyn here....I want to own a million coins and wait a few months to sell them for 10x higher.
Читать полностью…What a fucking week tbh
Brutal price action happening everywhere
Surviving this will definitely make you an OG
It’s so fucking hard to see the big picture here
But if you are already holding, hodl
If you are sidelined, wait a bit
Make it or break it moment for eth and alts. If we lose this level, gonna get ugly
Читать полностью…Breaking: It has been a good session
Discussion will continue on the group
/channel/fanoscryptogroup
Good night