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Spent some time considering Wednesday’s Coinbase $COIN events...
Everyone currently in Crypto is waiting for confirmation that the traditional financial markets “respect” one of the largest & most profitable crypto exchanges.
Like children begging for their father’s approval.
Everyone currently in Crypto is waiting for confirmation that the traditional financial markets “respect” one of the largest & most profitable crypto exchanges.
Like children begging for their father’s approval.
Which is why the TA on large caps looks explosive. “Waiting to pop!” “Any day now!!” ...all over CT.
But why hasn’t it yet?
If we’re all so convinced?
But why hasn’t it yet?
If we’re all so convinced?
Traditional financial markets move at a snails pace compared to the 24/7/365/∞ that we are used to in Crypto.
What does that mean for us?
Event: Wednesday!
News: Maybe Thursday!
Actually in News: Friday!
When ppl talk about it: Monday!
And that’s IF $COIN goes
What does that mean for us?
Event: Wednesday!
News: Maybe Thursday!
Actually in News: Friday!
When ppl talk about it: Monday!
And that’s IF $COIN goes
How I see it:
1. Crypto is begging for validation via traditional markets
2. The “pop” will probably come next week
3. The people buying $COIN aren’t buying $BTC or alts (right now)
4. New $ needs a “deal” entry
5. How long will funding wait for the “news” to spread? Can it?
1. Crypto is begging for validation via traditional markets
2. The “pop” will probably come next week
3. The people buying $COIN aren’t buying $BTC or alts (right now)
4. New $ needs a “deal” entry
5. How long will funding wait for the “news” to spread? Can it?
The most likely outcome?
The one you don’t want to hear.
Crypto is far too impatient.
The current market sputters. Short term confidence is lost.
Prices drop on this FUD.
The one you don’t want to hear.
Crypto is far too impatient.
The current market sputters. Short term confidence is lost.
Prices drop on this FUD.
...and traditional markets get to buy their “deal” entry into $BTC $ETH $LTC etc
At a discount when the fantastically bullish news about $COIN reaches them next Monday.
Give or take.
(again, just a scenario that seems highly possible to me)
At a discount when the fantastically bullish news about $COIN reaches them next Monday.
Give or take.
(again, just a scenario that seems highly possible to me)
What is next for #Bitcoin 
& #Cryptocurrency?
, RT, & SHARE this thread with someone whom would benefit from learning more about the future of $BTC!
Lastly - give me a follow as I continue to share what I learn about #crypto as well.
24/7/365/∞
& #Cryptocurrency?, RT, & SHARE this thread with someone whom would benefit from learning more about the future of $BTC!Lastly - give me a follow as I continue to share what I learn about #crypto as well.
24/7/365/∞
