My Thoughts on the Current Crypto Market - "Bitcoin dumps are good!"

in #hive16 days ago

Soooooo.....

Welcome back to the latest episode of HIVE engine world! Or should maybe I say HIVE world 🤷‍♂.....😘

Here's the deal; I am here to make money. I bought HIVE so I am going to talk on HIVE, I want to do deals on HIVE and I want to make "friends" on HIVE. Discord is is a great tool but every time I use HIVE I make money; at least now anyways.... https://hiveanalytics.usehive.com/social-activity-vs-price

So anyways, I don't like my current blog setup. It's time for a rebrand bro! Let's get with this new program you know what I am saying? Let's show these young bloods how it do.... you no I meen? Bra?!!!

Ok.. all kidding aside, I will start blogging more about the crypto markets and will only burn posts that I believe do not have "feeling."

And this will be my standard from my @hurtlocker account going forward when it comes to the type of content I curate.

When I read what you write, when I digest what you wrote down on the HIVE blockchain, when I read what YOU DECIDED YOU WANTED TO BE PERPETUAL, WHAT YOU DECIDED, YOU DECIDED THIS! WHAT YOU DECIDED YOU WANTED TO POST THAT CAN NEVER TRULY BE DELETED!!!!!, ALL I WANTED WAS A PEPSI!!!!!!!!!!!

...........Sorry.... But...... this.... is... what.. I want to "like" though..... Let it out man..... I want to hear it when I read it..... I WANT TO FEEL IT MAN!!!! Can you feel the ENERGY bro? Can...you....feel...it? Pump it up DUDES AND DUDETS!

Ok anyways, I have no idea what was going on there..... But I want to share my current opinion about the crypto market and how I "feel" about it.

So before we start my thoughts on the crypto market, you need to remember that my thought process is unconventional so it is common to "disagree" with me. Just be cool about it and tell me why you disagree with me.

In my mind, "Crypto" is basically just all dependent on bitcoin price action over the long-term. There are always short term exceptions during alt season but each beneficiary from "alt season" changes each "season" and predicting the next one is very far from easy.

In my mind, the way alt season works is, some Bitcoiners rotate their gains into "alts" and because those alts have a much smaller market cap than bitcoin they typically pump.

So it's all kind of dependent on bitcoin.

So when I usually talk about the "crypto market," I normally just talk about bitcoin; even though I love HIVE vs like BTC.

As a wise man says, "Bitcoin is the King of coins."

To me, HIVE is "better" but being better does not make you King (King with a capital K). Sometimes the King is what it is and you need to just take that for what it is. I really don't care who yo Moma is!

So bitcoin has been dumping hard bro.... But you need to think about what that means!?!?!?!?!??!

Flashback to a hurtlocker IRL convo beep boop beep!

I was talking to a friend and he basically told me he wished BTC was up. And I told him, "Bitcoin dumps are good; the longer it stays down the more it melts faces when it goes back up."

He jokingly replied back "finance."

But honestly that's how I feel about the current market we are in. Bitcoin dumps are good. Bitcoin is fixed which is very much not normal. So when the price is low, more bitcoin sells. That makes it so less is available to sell at a higher price.

So right now, the market is a dump market, if you were on leverage that is a bummer. If you a buyer, right now you are happy.

Bitcoin is still "high" compared to the return of any other asset.

None of this is financial ADVICE. Maybe I am buying, maybe I am buying futures contracts/ options contracts, maybe I am selling, maybe I am selling you options contracts/futures contracts. Maybe I am rich? Maybe I am poor? Who knows? but really.... who fr3akin cares?

Some Helpful links going forward:

• If you don't like that I downvoted your post please respond here and I will reconsider my downvote based on what you say - https://peakd.com/hive/@hurtlocker/page-1-what-is-a-downvote

• I want to vote for more proposals, and always will, please advocate for things you believe in here - https://peakd.com/hive/@hurtlocker/pages-2-and-3-mr-skull-is-supporting-the-hbd-stabilizer

• If you like a witness I am not voting for, call me dumbass on chain please. We all deserve it in these situations 😉

It is nice to be on the other side....

❤️,

Hurt

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you rapping santa hurt? i never knew BTC got a dump price. i always thought it is just expensive. that's it. hope you njoyed your meal! :)

Just feeling myself man. Gotta let the good times role.

true. btc going down seems good times 😅

If I do start a rapping career I would like to be the Paul Wall of crypto.

You can be Johnny Dang!

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"Rob the jewelry store and tell 'em make me a grill"untitled.gif

Relax, buddy, you have the whole bear market to talk about cryptocurrencies. Consider that BTC has to fall 80% from its all-time high.

I'm not convinced that is going to happen again when so much of the bitcoin is held on wallstreet now.

Bitcoin is tiny compared to equity markets.

When the trend in the US stock market changes, everything will fall. Why do you think gold is at its all-time high? The US stock market indices are sky high. Someday they'll have to come down.

If you adjust for M2 most stuff is not that up.

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Dude, you should read up on economic cycles. There are 5-year cycles, 10-15 year cycles, and long cycles that last at least 50 years.
The financial markets have been partying for a long time now.

Nice chart, it looks like it's been going up for a long time. Where will it go when it goes down? I'm interested in where the S&P 500 will go when it's time to decline.

So I just follow this strategy and I’ll become insanely rich?

Either way. I’m not seeing the evidence for what you are talking about.

Seems like the ones who buy the dips are the winners not the ones who try to time tops.

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The roller coaster is nice. I'd wait for the crazy drop before buying. Buying a ticket to the moon can be expensive, like you said, "I don't like it."

@marianomariano

Why are you downvoting my original content?

As you may know, I am raising 5 orphan albino giraffes and I need the free money HIVE provides to support them.

Thanks!

I'll report you to hivewatcher with evidence of your criminal activities. You think you're untouchable?

I am happy to talk to whoever on chain whenever they want to talk.

I am not sure what they would want to talk about 🤷‍♂

You're a criminal who funds your own accounts to post negative reviews. You've managed several antiabuse1, 2-25 accounts, accounts that have no reputation and are used for criminal purposes!

How am I a criminal? I made multiple blog posts about the antiabuse accounts.

There is no conspiracy I am very transparent. 🤷‍♂

Yes, you are transparent and you delegate HIVE to your own spam accounts issuing downvotes

I hit the dilike button from my account too. If you disagree with any of the antiabuse accounts dislikes. I have the masterkeys right now.

Let me know what post they disliked that you disagree with and I will look at it.

All your accounts are abused!

I literally don't know what you are saying right now.

You must have a terrible complex. Did your parents beat you?

I'm not sure what you are asking?