Monday, April 19, 2021

Crypto Bloodbath April 2021 Edition

 

Bitcoin *CRASHES* from $64,000 to $50,000.

Weird. Where have I seen before? 

Oh yeah, here.


Eventually though, one of these crashes will inevitably be the first real crash of the next and eventual crypto winter bear market.

Funny how the crypto markets are claimed to be manipulated, yet it somehow exhibits REAL boom and bust cycles that is expected of capitalistic markets, unlike some other manipulated markets.

The scams in this market sickens me, but that's how all bull markets look like - stupid ideas that make no sense pop up. But in proper functioning markets, these dumb ideas are culled every bear market. Funny how the traditional markets has lost its ability to do this. Well, not so much funny as it is sad.


Until we see a parabolic melt up, I think topping out for the cycle is unlikely.

Maybe it does top now and the market just rolls over and dies, but what do I know?

IMO, this rat poison ponzi is designed to go gangbusters.


I'm literally being forced to stay long and scammed into getting rich because there's no sell signals yet.

Honestly, I am so tired from making money for the past year.

So tiring to be so "lucky" to get into crypto early.


I never thought I'd say this, but I am looking forward to the nice long break I can enjoy once crypto winter arrives.

2 comments:

  1. Hahaha the grind up has been difficult to sell. No parabola no sell!

    Not tweeting but also not getting any breaks, gmgh? Come have fun with us please! Everybody misses you.

    ReplyDelete
  2. ETH breaking out against BTC will bring euphoria to all alts. I'm carefully watching the BTC.D. I listen to G.

    ReplyDelete

Observe the house rules.