What I believe is we are experiencing a bull trap.The ''new'' money is lacking.The china-usa trade war issue is somehow positive for BTC and interest rate cut may draw interest of some big multi million whales to crypto investment however taxation and risk aversion will keep the actions as reactions and bull traps.
Is that your face-saving alias account: jonoiv? Biodom? Amateur? Lambie?
nope.
Plus, I am getting progressively bored with the price action here.
Starting to seek some excitement on the stock market.
It's going to get wild toward the fall, I think.
Haahahahahahaha
"Bored", as in you are still waiting for sub $8,500? We were really close to $9k on a couple of occasions, but you feel good man in regard to waiting for sub $8,500-ish.
Yeah, I don't know, whether the price is going below $9k or not. Surely, I would not want to be waiting...for that, and we already know that BTC sometimes has a tendency to do what we don't necessarily expect but then also we could be kind of caught in a consolidation that maybe does not satisfy many people.. and just bring boredom from some.
Part of the reason that I am not bored is because I recall just a few short months ago, we had a price that was largely staying below $4k for several months, and it seems almost equally plausible to me that we could have gotten stuck in that price area for another 6 months or so, and that surely would have been frustrating (if not boring). Being in a BTC price range that is largely bouncing between $9k and $11k remains very interesting to me, in part because I had thought that a sub $4k BTC price was going to be an additional means to continue to purge shit coins, but it seems that some of the purging could still be taking place, but in a bit of a different manner than had been expected... so is this current price action a kind of way to continue to purge shitcoins? Could be? could be? Boring?
I'm not quite feeling it, even if you, Biodom, have some WO company, in your asserted boredom, and maybe for different reason than you, but I remain not part of that boredom crowd.
Regarding your stock market comment, you seem distracted. Stock markets should not be anywhere near to as exciting as bitcoin. Who gives any shits about 10% moves in the stock market when we may be getting 40% on the downside in bitcoin and also 5x or more (even though we have only had 3.5x so far in recent times)... anyhow, 3.5x moves in bitcoin should be way the fuck more exciting than 10% stock market moves.... AmiNOTrite?
Furthermore, I used to have a real decent portion of my investments in various stock market index funds, etc etc.. but now those funds are a fraction of my bitcoin funds They do not perform even close to as dramatically as my bitcoin funds... Maybe the get 30% from time to time, but fuck 30% is almost nothing in bitcoin, even though 30% really excites me, but jesus fucking christ, you must have been excited in the end of June when we were approaching the top of more than 3.5x in less than 3 months.. that is something to be WOWed about, no?