BC CRYPTO
Saved by @CodyyyGardner

For the sake of a public record, I would like to lay out my prediction for how this next #Bitcoin #BTC #Crypto bull market plays out...

@RaoulGMI @PrestonPysh @AriDavidPaul

 Bitcoin will top out somewhere between $200k and $300k.

I am not of the belief that this is going to be the "final cycle" where BTC soaks up the world's wealth, goes to $1 million and rewrites financial history. I do not think...
That Bitcoin is headed permanently to the moon on this go round. After this cycle peaks I would expect a 60 to 80% retrace.

The macro narrative is taking shape that BTC is a hedge against inflation, however...
I don't think we're actually going to get the inflation everyone expects.

In order to get secular, painful, obvious inflation I think that several things need to happen. We need a more accommodating government (MMT) which we don't...
Have yet, as evidenced by Mitch blocking the $2k stimulus.

At this point we don't have the system necessary to fire the fiscal bazookas fast enough to overcome the forces of deflation.

I think that we'll get a MMT government eventually, but it could take several years...
Furthermore, for optimal transmission we really need a CBDC.

The Obama administration spent $400 million on a website that didn't work, how fast do we really believe the United States government is going to be able to create a 99.99999% reliable...
CBDC that is secure enough to function as the world's reserve token?

Who the hell knows, but it sure as hell isn't coming in 2021, 2022, or probably even 2023. A full rollout might not even happen till 2025 or 2026.

So without a...
A MMT government, and without a CBDC for fast money transmission, I just don't see any way that we get the extreme inflation that BTC is supposedly going to protect us against.

Yet...
Assuming that BTC follows its traditional 4 year cycle, the next bull market will be starting in roughly 2024.

By that time the situation may be very, very different. Central bank printing will be off the charts, more than anyone imagines. There is MMT, UBI...
Infrastructure spending and of course, good old QE.

There may even be a pilot version of a CBDC, or at the very least the government has figured out how to quickly distribute $$$ to the people without using dead trees.

Against this macro backdrop I think BTC will...
Serve as a NECESSARY hedge against inflation. That macro backdrop is what takes us to a (devalued) $1 million BTC (or more).

Ironically, we've all heard the maxim that markets love to dole out maximum pain...
Well, imagine if a whole crop of investors get burned buying BTC in this current cycle (as an inflation hedge) and then the price crashes and there's still not much inflation.

Those investors may be hesitant to buy BTC next cycle, since inflation never happened before...
So why bother this time? Boy who cried wolf, etc.

Except that next time the ugly inflation may actually happen. And Bitcoin goes to $1 million and stays there.

If there is any chance that Bitcoin ever becomes a worldwide currency, this is when it happens...
That's my take on the orange coin, and this is the framework I will be using to inform my actions throughout this impending bull market.

More from Crypto

Coopahtroopa \U0001f525_\U0001f525
Coopahtroopa 🔥_🔥...
@Cooopahtroopa
2020 was a game changer for Ethereum.

The vast majority of its success was fueled by #DeFi.

Here's what happened in 5 Tweets 🔽

1) Governance Tokens 🪙

Projects gave complete ownership of billion dollar protocols to their users, often using retroactive airdrops.

Early adopters earned tokens for past usage, and token-based voting now dictates all technical


2) Liquidity Mining ⛏️

Power users were the first to earn on-going distribution by providing liquidity.

$COMP sparked the wave, with $BAL coining the term a few weeks


3) Yield Faming 🌾

Projects coupled liquidity mining and governance tokens to boost 'yields' by combining lending rates with an incentive layer.

APYs peaked as high as 1M% during 'DeFi summer', leading to a 'food coin' craze like $YAM and


4) Fair Launches ✅

Who needs investment when you can launch using yield farming?

@iearnfinance debuted $YFI with no formal funding, seeding a community treasury for self-sustainability.

The notion of a core team and community became one and the
CRYPTO
Larry Cermak
Larry Cermak
@lawmaster
1/ ETH reached 18-month low today and there is this narrative that the price of is dropping because ICOs are liquidating their treasuries. Well, it’s completely wrong. Let’s look at the data!

https://t.co/yG0vecC7VT


2/ The sum of ETH holdings of ICO treasuries is now a little over 3.57M ETH (3.5% of supply). In April, the treasuries held 4.65 million ETH (4.5% of supply) indicating that they likely liquidated (or moved) about 23% since then.

3/ Despite the decline in ETH price, the selloff hasn’t been as drastic as many analysts anticipated. In the past two months, treasuries of projects that held ICOs liquidated (or moved) 172,00 ETH, or ~4.6% of total holdings.

4/ The most aggressive sellers were Status, district0x and Tierion (in order), which sold (or moved) nearly 55,000 ETH combined since September 9. Out of the 57 companies I tracked, 50% didn’t touch any of the ETH in their treasuries.


5/ At least 11 ICOs currently have a smaller “market capitalization” than the amount that they hold in their ETH treasuries alone (see table below).
CRYPTO
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Altcoin Sherpa
Altcoin Sherpa
@AltcoinSherpa
Big #Altcoin thread for $ALTS: Where are we at in the cycle, how long do we have, is this #ALTSEASON, what are the relationships like, all of that. $BTC #Bitcoin $ETH $LINK #Altcoins


First: What is #Altseason? The true altszn was seen in 2017/2018, where $BTC fell off a cliff and $ALTS were the 'safe haven' from btc dumping. ALTS went literally 1000%+ (many much higher). Since that time we have seen many #Altcoin pumps, starting primarily in late Q4 each year

These Altcoin pumps are usually 20-1000% gains on nearly the ENTIRE #Altcoin market. This is awesome to see and genius season- you can't lose. Dips are bought up quickly and both ALT/USD and ALT/BTC pairs pump HUGE. Are we currently in that environment? I'm not quite sure tbh.

I think that $BTC still has a little more gas in the tank, which would result in ALT/BTC pairs suffering IMO. You can see more of my thoughts on #Bitcoin below, but I think that we could see 1 more shakeout + then we could see a big run starting in December 2020 for $ALTS

As an #Altcoin trader, you need to understand several things for the environment in which to trade $ALTS successfully:
- $BTC PA
- $BTC.D
-Seasonality
- $ETH
- and much more
CRYPTO
Hamza
Hamza
@hamzanitoo
1. Last week, @robbietilton sold this art piece for about 17305$ on @withFND.
I saw a lot of people asking questions on CryptoArt and NFTs (Non-fungible token) to understand how it works. I'll try to explain the basic concepts on this thread ↓


2. First, you don't directly buy the art piece, you buy a token. This token is what holds the asset that you're buying, it is a unique id that is used to represent what you bought. It can hold information like the name of the asset, an URL, a description, and so on.


3. On most marketplaces, you won't have a classic signup or login form when you'll want to create an NFT or buy one. Instead, it will be asked to connect your crypto wallet.

4. Now, why bother with a crypto wallet? Couldn't we just do an app that works with dollars? This is where things get interesting: when you buy an NFT, the data is not stored on the marketplace servers.

5. When you post a picture on Instagram, it is stored on their servers. If the app is shut down, your data might be deleted. But also, Instagram could delete your content if they want to, NFTs works differently.
CRYPTO
\u26a1\ufe0f TUNEZ 2000 \u26a1\ufe0f
⚡️ TUNEZ 2000 ⚡️...
@cryptunez
TRIANGLE MASTERCLASS - a thread.

what's the simplest, most effective method of trading a market that trends as hard as cryptocurrencies?

trendlines.

one trendline on its own is strong, but when you put two together you quickly realize just how powerful this simple tool can be.


i've been using triangles for as long as i can remember.

it seems dumb, and almost counter-intuitive to approach such a complex game like trading with such a simple approach like shapes...but maybe when markets start acting stupid its okay to dumb down our approach.

look, not all triangles are the same.

anybody can draw some lines on a chart any way they'd like. sometimes, we let our bias affect our charts rather than the other way around.

i personally have done this more times than i can count.

you see...triangles (and analysis as a whole) is not necessarily intended to make trading easier as much as it is to make trading simple.

you want a fluid bias that can change easily, rather than one relying on 10 steps of conflicting confirmation before entering a new trade

trendlines enable us to maintain a fluid bias.

i mean, how much simpler can it be than "above this line bullish, below this line bearish" ? 😂

one trendline on its own can be enough to make a good trade, but when you put two together it can turn a good trade into a great one.
CRYPTO , PSYCHOLOGY

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