RE: Crypto Space BLEEDING OUT? BUCKLE UP - recent correction AIN'T OVER just yet [my personal expectations]

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Crypto Space BLEEDING OUT? BUCKLE UP - recent correction AIN'T OVER just yet [my personal expectations]

in hive-175254 •  4 years ago 

Interesting post with a number of issues.

The $20k has been a major long-term resistance level and the price will not just float through it. Indeed, even if were to surge through to 25k or 30k, it is likely to retrace back down to establish that 20k as a valid support level.

I have often said that BTC behaves more like a commodity than either a stock or currency. Hence, like every other commodity, it is swung around my news (real or not) and manipulated by very large holders. Understand the game and you may profit from it - believe FUD and FOMO and you're lost!

I don't trust most Defi. It reminds me of the huge financial black hole that is the derivatives market. Just imagine if every existing derivatives contract was called in - imagine the great reset needed to restart the game at zero. Of course, it won't be at zero, that's what digital currencies will be for. ;-)

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Thank you for sharing your thoughts with me @maxuv