Bitcoin, please read the White Paper before investing
I don't normally use the CME chart to trade crypto; however, family members bought a lot of the neighbors' farms in the 1980's so I thought I'd share this chart for my fellow crypto sod busters. There is 'paper Bitcoin' trading happening.
That equates to there being no rational, -easily- predictable top or bottom. The bottom is in when the 'Composite Group' can buy at the lowest price and when the seller is exhausted (Wyckoff, 1931). The composite group can print both the USD and the paper commodity using the CME to force all but the composite group out of the market; in fact, that is the goal. They'll take the farm. The Fed prints to buy, or lend to proxies who buy, and inflate to make the settlement price closer to zero. I do not know where the BTC bottom is for 2022. We can take into account the paper trading and use on-chain metrics to see where people value Bitcoin. I personally see Bitcoin as a valuable buy as marked on the chart, but I've also seen value in pitching 75 pound alfalfa bales for a penny. The Wyckofian composite group will do -anything- to get the 'Lost or HODLed' coins to move. We may be seeing the first real macro-financial attack on Bitcoin which can only be good news in light of the Bitcoin White paper and its' intellectual precursors.
The Bitcoin whitepaper:
bitcoinwhitepaper.co/
The intellectual precursor
groups.csail.mit.edu...rypto-manifesto.html
Yes, we're playing hardball with centralized currency, tax coercion, state meddling in our pocketbooks, and we're taking Human Action before Atlas Shrugged:
www.goodreads.com/bo...20-an-agorist-primer
This is not financial advice, I am not a financial advisor and have no in stake in you success. I bought a $13 video game in 2013 with a Bitcoin I mined in 2011, don't cry to me.
That equates to there being no rational, -easily- predictable top or bottom. The bottom is in when the 'Composite Group' can buy at the lowest price and when the seller is exhausted (Wyckoff, 1931). The composite group can print both the USD and the paper commodity using the CME to force all but the composite group out of the market; in fact, that is the goal. They'll take the farm. The Fed prints to buy, or lend to proxies who buy, and inflate to make the settlement price closer to zero. I do not know where the BTC bottom is for 2022. We can take into account the paper trading and use on-chain metrics to see where people value Bitcoin. I personally see Bitcoin as a valuable buy as marked on the chart, but I've also seen value in pitching 75 pound alfalfa bales for a penny. The Wyckofian composite group will do -anything- to get the 'Lost or HODLed' coins to move. We may be seeing the first real macro-financial attack on Bitcoin which can only be good news in light of the Bitcoin White paper and its' intellectual precursors.
The Bitcoin whitepaper:
bitcoinwhitepaper.co/
The intellectual precursor
groups.csail.mit.edu...rypto-manifesto.html
Yes, we're playing hardball with centralized currency, tax coercion, state meddling in our pocketbooks, and we're taking Human Action before Atlas Shrugged:
www.goodreads.com/bo...20-an-agorist-primer
This is not financial advice, I am not a financial advisor and have no in stake in you success. I bought a $13 video game in 2013 with a Bitcoin I mined in 2011, don't cry to me.