Post
Topic
Board Speculation
Merits 2 from 2 users
Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Pseudo-Random
on 13/03/2020, 03:04:52 UTC
⭐ Merited by infofront (1) ,JayJuanGee (1)


A historic ~49% range in a single 40-minute candle.

From $3800 to $5750 on 'Stamp & GDAX while a more muted $4000 to $5400 on BFX because of course, 'finex has much bigger less amateurish whales with deeper volume & liquidity.

Crypto is Tech.

Tech was the bubble again.

Flu panic popped that bubble a fair bit.

So, even gold & btc fold too. Liquidity Crisis.

Especially since the past 10-15 years, everything got integrated into BigTech, ETF'd, leveraged, from gold/silver to crypto to even collectors' gimmicks or art pieces.

Makes sense, and it'll all go back to 30k DJIA & 10-660k BTC within years.

Central Banks, and the world's 100+ million millionaires, are always there to print, and bid it up.

..Until that weird uncanny day when famine, payroll wages or worker disruption, looting, pillage, rape, civil war, nuclear blasts, become widespread, spiral out of control ; thus law & order breaks down and somehow eludes paranoid paramilitary agencies' grip in being restored and so techno-industrial global civilization's social complexity breaks down for a long, long time.

I've lurked & posted (under a variety of accounts) on WO since late January 2014, having discovered decentralized finance in September 2013. Wasted my vast opportunities. Squandered my easy early pickings. Seen it.