[Daily Discussion] – Thursday, June 23, 2022

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[Daily Discussion] - Thursday, June 23, 2022

16 thoughts on “[Daily Discussion] – Thursday, June 23, 2022”

  1. Everyone is bearish, worried about inflation and recession.
    So we either stay at 20K or go lower than we can imagine.

  2. Find me something else with a 50% downside and 500% in 2-3 year upside and I will ladder into it.

  3. Going to the bank today. Getting myself small loan… and subsequently another piece of a coin. Don’t worry, not anything that I can’t afford to lose. Still, I’m pretty convinced we won’t be seeing 20’s for long.

  4. I’m certainly not ruling out a trip to 15k, or even 10k, but the near-consensus on this sub right now seems to be that we are headed significantly lower over the next 1-3 months.

    Yay – free money!

  5. Talking about top-shit-tier risk management…

    https://mobile.twitter.com/investvoyager/status/1539587047710769153

  6. Interesting article: https://www.bloomberg.com/news/features/2022-06-23/binance-bnb-ceo-moves-to-dubai-as-us-regulators-target-the-crypto-exchange?srnd=premium-europe

    You might agree or disagree with the author, but several good points were made.

  7. £14B pounds about to become worthless. Just another thing Bitcoin fixes that I hadn’t thought of. Redundancy.

    https://www.theguardian.com/business/2022/jun/23/only-100-days-left-to-use-paper-20-and-50-notes-says-bank-of-england

  8. Mayer multiple in bottom three percentile.

    https://twitter.com/glassnode/status/1539714104109240320

  9. Darn. I can’t stay bullish for a couple of days. Volume is too low, which part of me thought was slightly bullish (i.e. selling pressure letting up) a couple of days ago, but, with how far we’ve dropped, another part of me questions if the capital is even there to buy right now—a lot of capital has been destroyed in the crypto markets, and added fiat is needed, in my opinion. Yet, the risk appetite for people in general is no bueno.

    I’d need to see some serious volume to give me better hope of any continued positive momentum.

    This economy sucks, war sucks, and the Fed sucks. A lot sucks right now, so continue holding on as FUD’ll likely lend itself to continued selling pressure, combine that with leveraged trading trying to time this market bottom, and look out. I’m just looking at liquidation points now for trading purposes, as I don’t see much spot trading. I don’t like how we’ve stalled right above $20k, so I’ve been building a short position in the past day.

    Good luck, and don’t forget to water your roses so you can stop and smell them in the future.

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