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re: Official CryptoTalk Thread

Posted on 5/29/25 at 6:35 pm to
Posted by beaverfever
Little Rock
Member since Jan 2008
34419 posts
Posted on 5/29/25 at 6:35 pm to
Damn it’s gonna take my job and then take my money.
Posted by beaverfever
Little Rock
Member since Jan 2008
34419 posts
Posted on 5/30/25 at 7:28 am to
Some nasty wicks the last 24 hours. This definitely feels like leveraged futures traders controlling the market at the moment.
This post was edited on 5/30/25 at 7:30 am
Posted by Hateradedrink
Member since May 2023
3193 posts
Posted on 5/30/25 at 9:56 am to
Wynn got liquidated at 105k. Lots of volatility from leverage getting wiped out.

It sucks but it’s necessary for a continuation. Hopefully we hold 100k through the weekend, bullish if so.
Posted by beaverfever
Little Rock
Member since Jan 2008
34419 posts
Posted on 5/30/25 at 12:07 pm to
I agree. This is bullish long term but not that fun. You’ve gotta take the air out of the market and give people something to bid. We just gotta hope that bid keeps coming back on corrections.
This post was edited on 5/30/25 at 12:11 pm
Posted by David_DJS
Member since Aug 2005
20858 posts
Posted on 5/30/25 at 12:10 pm to
quote:

That’s my guess. 2028 is around a “cryptowinter” type time frame. 50-80 is probably too pessimistic but it’s hard to be thinking about next cycle high/lows without knowing how this one ends.

Understood and I appreciate your response. In comparison to most that participate in this thread, I'm a relative newcomer (2020) to BTC and read with interest how you guys see the market down the road.

Another question for anyone that cares to respond, and I know it's been discussed before - but am curious whether views have changed/are changing with time: is there a chance that the market for BTC has changed so substantially over the last 18 months (buyers, sellers, investment thesis) that TA based on historical norms is close to meaningless?
Posted by beaverfever
Little Rock
Member since Jan 2008
34419 posts
Posted on 5/30/25 at 2:03 pm to
I think “it’s different this time” but I’m definitely it in the minority with that opinion. There will be nasty bear markets like with any asset but 2 years on 2 years off is dead IMO. Also, people are sleeping on the ramifications of MSTR potentially getting in the S&P. That would represent a deviation from the existing path.
This post was edited on 5/30/25 at 2:05 pm
Posted by Hateradedrink
Member since May 2023
3193 posts
Posted on 5/30/25 at 6:39 pm to
If anything, TA has become more useful as BTC has become more entwined with trad finance.

That said, and to your point, the applicability of older tools refined by the 4 year cycle, power laws, etc, have become more questionable and less predictable.

Some of us could probably write a thesis on this shite. I’m a retard, though, so don’t listen to anything I say.
Posted by Hateradedrink
Member since May 2023
3193 posts
Posted on 5/30/25 at 7:32 pm to
I’m probably going to eat these words but it feels like we’re nearing a local floor on btc. Alts have taken an absolute dump and I don’t see coins like link going much lower.

Ergo, if alts always follow btc, btc can’t go much lower without bringing alts to their cycle low.
Posted by CatsGoneWild
Pigeon forge, Tennessee
Member since Jan 2008
14420 posts
Posted on 5/30/25 at 8:38 pm to
Man, my crypto taking a beating today
Posted by Hateradedrink
Member since May 2023
3193 posts
Posted on 5/31/25 at 11:01 am to
Cointelegraph injecting alt season hopium directly into my veins

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