#DIVISLAB
Price fell to a trough and then rose up. Capped at the resistance zone of 5315.50~5332.65
Only a swift move through this price band would open the north bound territory towards new highs.
More from Gurleen
#MASTEK Update
TSL hit 📉
Though at CMP; Time to stack in 📈 for targets of 2620 followed by 2720.
#StockMarket https://t.co/IHHpv2bU2w
TSL hit 📉
Though at CMP; Time to stack in 📈 for targets of 2620 followed by 2720.
#StockMarket https://t.co/IHHpv2bU2w
#MASTEK Update
— Gurleen (@GurleenKaur_19) July 23, 2021
2800 Hit; 70% Booked and rest Holding for a target of 2900.
#StockMarket #StockToWatch https://t.co/gQTyzf4IUS pic.twitter.com/fp9hrZyv7d
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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
If everyone was holding bitcoin on the old x86 in their parents basement, we would be finding a price bottom. The problem is the risk is all pooled at a few brokerages and a network of rotten exchanges with counter party risk that makes AIG circa 2008 look like a good credit.
— Greg Wester (@gwestr) November 25, 2018
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.