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Crypto currency (IF banned from CA)

I'll take a slightly different view, and make the prediction that price level chops for a little while longer and bottoms over the next few weeks before getting a strong bounce. Historically, any BTC local low with a long lower wick (indicating a liquidation cascade from excess leverage coupled with thin liquidity) has always been filled and then subsequently taken out by price action in the months that follow. So, if you take the fractal from May (where max pain was a long, sideways movement before posting the low at 29k) and apply it to the current formation, you could see the wick (from Dec 4) being filled and the low coming in at 38-42k, before getting the bounce and successful retest of 53k before the next leg up. As to whether that ultimately leads to a lower high being posted (and the end of the cycle) by the end of Q1 or goes on longer to post another all-time high (lending credence to the BTC super-cycle theory) remains to be seen.

What I think people need to bear in mind is that market participants and the liquidity flows of earlier cycles and the current one are worlds apart. Retail investors make up ~15% of liquidity across all exchanges, and so making profit in this current environment grows significantly more difficult with each passing year. Market movements will be dictated more by wider macro trends (numerous potential rate hikes incoming) rather than a ‘death cross’ of different moving averages or bearish formations you find in a copy of Technical Analysis for Dummies. So whilst BTC could obviously find itself back in the 20s or 30s in the face of more hawkish monetary policy, it’s difficult to envisage a large enough exogenous factor causing BTC to fall beneath 10-20k, because all on-chain metrics clearly point towards a net flow towards long-term holders.
Sir I just read this post from 7 months ago as I scout the vaults and, sorry for the late reply, but what the bejesus you chatting?
 

We’ve had this conversation before and I’ve looked into Richard Heart a lot. He has scammed people before and he is doing it again. Just because he calls out one scam doesn’t mean he’s not in one himself.

As I say, if you’ve made money out of it then fair enough. I just dislike you shilling it like it’s the answer when it could really screw people over. You posted a while ago about how much you would have made if you’d invested at the beginning. It was down 66% from the high at that point and now it’s down even more.

I know you “aren’t giving financial advice” but you are pushing something which is a massive Ponzi scheme run by a person who has a history of being a scammer
If someone is a serial scammer, there will be a long list of people who have been scammed. Most people who get scammed are vocal about it. Show me one person he has scammed and I will change my mind.

If an asset goes up 1 million percent and then drops 90% it is still way up. In the land of 90% drops the coin that went up the most is king (HEX).
 

If someone is a serial scammer, there will be a long list of people who have been scammed. Most people who get scammed are vocal about it. Show me one person he has scammed and I will change my mind.

If an asset goes up 1 million percent and then drops 90% it is still way up. In the land of 90% drops the coin that went up the most is king (HEX).
Bloomberg rarely covers Hex but has an article today fwiw, not that I think you will like it much tbh!

But what really stands out is how Hex dangles a roadmap to great wealth for so-called Hexicans. Hex is an app on the Ethereum network that offers a staple of traditional investing packaged in a crypto wrapper in what it calls a “blockchain certificate of deposit.” Users lock up, or “stake” the Hex coins they’ve purchased from the app for up to 15 years to earn interest paid off with more Hex tokens. Hex’s website says the typical investor locks up their funds for 6.6 years to earn an average 38% annual return.

That has raised eyebrows among industry observers, especially in light of the recent collapse of the TerraUSD stablecoin and related Luna token, and the freeze of withdrawals by lending platform Celsius Network, which were also dependent on promises of high-yielding returns to attract steady streams of new investors. Meanwhile, Heart said he’s developing a network called PulseChain, which will eventually issue tokens that will be distributed to Hex holders and other Ethereum users.

“Hex increases in value the more people put money in and decreases when people pull money out,” said John Griffin, a finance professor at University of Texas at Austin. “The last people in will likely be left with nothing.”
 
Bloomberg rarely covers Hex but has an article today fwiw, not that I think you will like it much tbh!

But what really stands out is how Hex dangles a roadmap to great wealth for so-called Hexicans. Hex is an app on the Ethereum network that offers a staple of traditional investing packaged in a crypto wrapper in what it calls a “blockchain certificate of deposit.” Users lock up, or “stake” the Hex coins they’ve purchased from the app for up to 15 years to earn interest paid off with more Hex tokens. Hex’s website says the typical investor locks up their funds for 6.6 years to earn an average 38% annual return.

That has raised eyebrows among industry observers, especially in light of the recent collapse of the TerraUSD stablecoin and related Luna token, and the freeze of withdrawals by lending platform Celsius Network, which were also dependent on promises of high-yielding returns to attract steady streams of new investors. Meanwhile, Heart said he’s developing a network called PulseChain, which will eventually issue tokens that will be distributed to Hex holders and other Ethereum users.

“Hex increases in value the more people put money in and decreases when people pull money out,” said John Griffin, a finance professor at University of Texas at Austin. “The last people in will likely be left with nothing.”
Let’s talk about Hex baby.
 

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