re: Official CryptoTalk Thread

If we hit and sustain 55k, it would pretty much invalidate any previous tool/expectation from the past.

I got downvoted for saying 95% of addresses being in profit is a good local top signal, but I didn’t say what I would do with it. I didn’t sell anything. The point is if we don’t see any retraction with multiple historical technical and on-chain indicators suggesting that it’s coming, then that’s evidence we are infact in a “brave new world”.

I caught on to the cycle which probably means there is no more cycle

Also there is no real threat of very significant selling. Some people might be worried about Genesis being approved to sell $1.3B in GBTC. That sounds like a lot but it is not. Even if Genesis put in sell orders for all $1.3B at once on the exchanges, it would only be equivalent to two days of ETF inflows. So it would cause a short lived dip at most in that case.
However, Genesis wants to make as much as they can off of this sale, so they will spread these out to not cause any selloff in price. The government Silk Road sell is about $130M, so it is pocket change.

From twitter:



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I caught on to the cycle which probably means there is no more cycle

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They'll downvote you, but you could be close to correct.

Like I've said for months, I think we go early (we are going early), and the exit liquidity is found as they get people to dca.

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I caught on to the cycle which probably means there is no more cycle

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unlikely. Very very few people pay as close attention to crypto as you or others in this group.

90% of people have no idea whats going on and have NO CLUE about the Bitcoin cycle.

AI Crypto’s are on fire tonight

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You don’t need to read here.

You need to read the Bitcoin standard or at a minimum watch YouTube video interviews with Saifedean Ammous.

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In addition to Saif's books, these are also must reads imo.



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Here is an article kind of discussing this

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Says retail is declining. But they’re detecting this by seeing new addresses; you don’t need a new address if you’re buying an ETF because it’s the same address. So, this suggests at least some portion of existing buyers shifted to the etf.