Today's dip was NOT caused by:
Elon Musk, China, or any other 'boogymen' the headlines are telling you about
Today's dip was caused by:
Excessive leverage trading, immense greed, and weakening momentum in the uptrend of crypto
Paul Sampson | DataDash
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Paul Sampson | DataDash
@datadashpro
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- She said yes! 💍❤️
- I’m not disappointed by @elonmusk’s concern about the environmental impact of Bitcoin I’m disappointed that the innovator who has put rockets into space, revolutionized EV vehicles, and changed the game for digital payments didn’t say: “Let’s see if we can fix this”
- #Bitcoin at $65,000 - Not a single sell tweet Bitcoin at $29,000 - Not a single buy tweet This is the prime definition of getting caught two steps behind. Don't be a part of the crowd, cut out the emotions, and it will pay off big time in the long-term.
- No one’s paying attention to the fact that #bitcoin and ethereum are getting crushed while altcoins have been neutral or up over the last 6 days. Yes the macro driven downturn, but someone is purposefully ‘chasing liquidations’ to exacerbate the sell-off and force players out.
- Hey @elonmusk, as a big fan of Tesla and your previous work at PayPal, would you ever consider pushing for Tesla to allocate a portion of the company's $5.1B in cash into bitcoin or other digital assets?
- Whether people like to admit it or not, a lot of the same people calling for #bitcoin to go straight up to $100-200K back in May are the exact same people who were calling for $20-25K a couple days ago. Keep an eye out for the emotional traders in the space.
- My predictions for 2018: #Bitcoin will be $50K by the EOY. Why? - Interest rates will continue to rise - Deutsche Bank will go under by the 2018 - Equities and housing prices will take a massive hit - With trillions of $'s that need to exit, the SEC will create a Bitcoin ETF
- The FED not hiking rates was one of the easiest calls to make. For more than a decade, they've said one thing and done another. Until we reach double digit inflation, the FED will continue to stimulate asset markets, and #bitcoin will continue to rise in price 🔥
- One thing that people are ignoring in this quiet market is the fact that, as of tomorrow, Bitcoin will have held $6,000 for over a year. That’s huge. It’s proving that bitcoin is functioning as a store of value.
- Go ahead and take a good hard look at who was shilling you tokens like Safemoon And then proceed to give them a well-deserved unfollow 👍 Unless they were warning you not to buy it, they're not the type of people you'll want to follow in this cycle.
- From what I can analyze, crypto will have four major super cycles: Silk Road (2011-2013) ☑️ Retail Speculation (2016-2017) ☑️ Institutional Speculation (2019-2020) Crypto Replaces Fiat (2020-2030)