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ALΞX
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Been in the space for 8 years now and the way this industry is heading for me thinking it’s time to retire into a peaceful life of
Bitcoin
maximalism once this cycle is over.
#BTC
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ALΞX
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That was some absolutely brutal end of week price action on Bitcoin. Good luck to anyone trading that. Hopefully we can see some bullish follow through this week or else looks like more chop is on the cards.
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Observing low IQ gambling addict kids write extensive theses: “Here’s why I believe in the memetic potential of this coin to reshape politics, philosophy and economics as we know it!” The hunt for exit liquidity is getting embarrassing and very desperate.
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It’s a very different cycle but alts feel much more like 2022 pre-bear death throes vs. 2020/21 pre-bull parabola. Forced short term rotational metas and maximum PvP desperation, fragmentation and extraction. Not good.
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There’s a possibility that this second run over $100K is escape velocity for $BTC and we never see it below $100K again. Traditional institutional and government capital is flocking in and $100K is a pretty strong psychological level for a potential future floor.
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There’s a possibility that this second run over $100K is escape velocity for $BTC and we never see it below $100K again. Traditional capital is flocking in and $100K is a pretty strong psychological level for a potential future floor.
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