[theluckycountry]

Stick with the winners, you can't go wrong.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'S')tick with the winners, you can't go wrong.

[theluckycountry]

How long can this stock market bubble-up last is anyone's guess but it's dragged BC up to around it's last peak in inflation adjusted terms. I say bubble up and not boom because in a boom, like the 2003~2008 cycle, all stocks went up. But we really should be talking about the Nasdaq here because although it pretty much mirrors the Dow etc, that's the tech stock index, and it is the techie index that the cryptos are most identified with. There are some real darlings in the top 10, and some real dogs too!

Tesla, down 45% from it's high late last year. Alphabet inc down, Amazon, which has been a yo-yo for 2 quarters is still below its peak of 6 months ago, Meta down from last year, Apple down 20% from last years high. So Nvidia's moon trip is the only reason the index is up to an all time high, and Hubris is carrying the market up not boom fundamentals, ie: Abundant Cheap credit and retail investment. It's a bit of a death race I think, big money concentrating in a few quarters only to pull the rug when their profit is made. Even the covid bubble had more legs to it than this one and we know what happened then. The big collapse in both stocks and crypto.

So don't start popping corks just yet, this is not a time to celebrate, just a time to be be very very wary and have your finger on the sell button. Remember Nvidea was a rising star, then one day a Chinese AI, superior to the best US offerings, and needing none of the expensive Nvidea hardware, came out free on the app store. Nvidea went from $170/share to $94 over a 3 month period. That's volatility, that's insane volatility and has more to do with OMG Dump it economics than traditional market economics.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'H')ow long can this stock market bubble-up last is anyone's guess but it's dragged BC up to around it's last peak in inflation adjusted terms.

[theluckycountry]

Big retracement underway. Whales selling the pump? Normal BC action? What's normal about bitcoin trading? Lets give it a few more days then flip a coin.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'B')ig retracement underway. Whales selling the pump? Normal BC action? What's normal about bitcoin trading? Lets give it a few more days then flip a coin.

[theluckycountry]

Still falling...
coiners must be nervous

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'S')till falling...

[theluckycountry]

Now my analysis based on the DOW, which I'm sure we will all admit has been accurate, needs a little tweak. I'm coming to the conclusion the cryptoids follow it with a lag, 24 hours or so generally but it can push out further. The Dow began it's current decline back on the tenth and just took another big drop today after the markets opened.

That's part of the issue you see, the DOW closes overnight where as the loons trade 24/7. So unless the DOW magically darts up tomorrow on the open expect BC to take a further nose dive. Because that's what BC does, it's Blockchain, a decentralized system without a central authority. It's completely independent from government and bank interventions and acts as a sovereign store of value....

[theluckycountry]

DOW up BC up, analysis confirmed.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'N')ow my analysis based on the DOW, which I'm sure we will all admit has been accurate, needs a little tweak.

[theluckycountry]

I think BC may have exceeded it's last peak (in inflation adjusted terms) which will be a relief for the coiners after being in the down for so many years. But the current economic situation with the stockmarket in a bubble and the $US being retired as the global reserve currency doesn't bode well for them. It's not like the carefree old days when they had little to lose and hopes of big gains. Now, with it obvious the tokens track the stock markets there is the real threat of a prolonged collapse in value that would make the previous few collapses pale in insignificance. A very stressful time to be hodling.

I say bubble markets because most of those leading the rise are debt bloated companies with poor future prospects, like Tesla with it's cars no one wants anymore. Like Meta with it's ad based revenue streams. Potemkin companies with pretty facades but nothing substantial behind them.

[theluckycountry]

Michael Saylor recants, is selling Bitcoin
https://img.buzzfeed.com/buzzfeed-stati ... 274-39.jpg

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '[')b]Michael Saylor is selling Bitcoin
https://img.buzzfeed.com/buzzfeed-stati ... 274-39.jpg

[theluckycountry]

Someone's pumping dogecoin, it's broken away from BC and is climbing fast today. 25 cents now.
Might pop over to the sub and have a laugh as there will be lots of rocket ships being posted.

[theluckycountry]

someone has a chart suggesting it's going to 38 cents
Another a screen grab (perhaps) showing a 9k purchase @ 24 cents
And of course an Elon Musk post about him starting a new political party. That's gotta be it right
Poor saps. Most of them are burger flippers I'm sure. https://www.reddit.com/r/dogecoin/

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'S')omeone's pumping dogecoin, it's broken away from BC and is climbing fast today.

[theluckycountry]

Anyone watching dogecoin? It's taken off and left shitcoin far behind. Up nearly 50% in the last week. I'd look into the other digital nothings but *Yawn* only so many hours in a day.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'A')nyone watching dogecoin?

[theluckycountry]

According to luckies DOW Crypto theory were about to see a bump in the tokens. The dow has turned up and made a slightly higher high. BC prediction, $123~$124k