Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Monthly updates and thoughts about the market
by
STT
on 06/08/2020, 00:22:56 UTC
⭐ Merited by JayJuanGee (1)
None of us get to say we called it really, Satoshi apparently knew it was going to play out like this way back when this all started.   We're all way behind that judgement and vision that a better system would be required.    Politics is a very predictable failure and an awful caretaker for any nations savings value, no genius required to observe that.   The timing of when exactly any asset responds to the latest wave of inflation or is taken badly by negative effects of interference which can be deflationary, theres skill in that I think.
   Thats my SPY chart which happened to have an old trend match near the bottom and give me some confidence that shorting was not likely profitable risk reward bet from there on.   The volume also spikes near that level which often means it at least pauses as digestion is required.
Quote
stimulus
We're going to find out this word is misplaced, new money isnt free money and theres certainly negatives and value to repay readjust.   So bumpy ground, volatility is a certainty.   I dont think new highs for BTC this year would represent a positive, that'd make fear some negative as its just too broad and large a movement in just 9 months or less.   New highs not being positive might sound like nonsense but we'd achieve far more if regular gains occur per year not just this year, I dont want spike to occur personally.