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Beware Hype

Joined: 15/04/20

Comments by Beware Hype
Bitcoin Aug 04, 2021 10:24AM ET
That's what whales do, they pump on thin volume, then offload during heavy trading.
US Tech 100 Futures Aug 03, 2021 9:57AM ET
Pristine earnings priced in..
BTC/USD Aug 03, 2021 8:12AM ET
Such volatility is to be expected.
BTC/USD Aug 02, 2021 8:21PM ET
People keep saying that crypto is a symptom of excess fiat. If that's the case, then why are regimes like iran, pakistan, kazakhstan invested in btc mining? Why are struggling business like MSTR betting this heavily on BTC? Why did el Salvador adopt BTC? Becuz they need USD...
Bitcoin Aug 02, 2021 5:59PM ET
That's the myth. in truth, it's a way for developing nations (facing a lack of foreign investments) to acquire USD....
BTC/USD Aug 02, 2021 4:44PM ET
That's a fantasy, no different from goldbugs who believe in the return to gold standard.
US Tech 100 Futures Aug 01, 2021 4:43AM ET
Covid's impact on minors is barely noticeable. In where I am, jabs are not offered to children below the age of 12.
BTC/USD Jul 31, 2021 10:18PM ET
If you're holding for life, you shouldn't even be here, you shouldn't be monitoring the price action. Unless you're a full-time trader, life is too short to be wasted staring at candles.
BTC/USD Jul 31, 2021 12:24PM ET
The amount of btc held on exchanges, is very elevated, and has been for a while. Either people don't know how to transfer to cold wallets, or they intend to close their position..
BTC/USD Jul 30, 2021 4:44AM ET
looks like weekend whales are at it again...
BTC/USD Jul 29, 2021 8:56PM ET
Check out daily transaction, it is around 300,000. No different from 3 years ago. That pretty much destroys your argument.
BTC/USD Jul 29, 2021 6:35PM ET
It should be noted that MicroStrategy had to issue high yield corporate bonds to make their recent btc purchases, it's debt that have to be paid back. Their core business bleeds money, so their only option is to sell assets (btc) to pay back bond investors... Either that, or load up on more debt.
BTC/USD Jul 28, 2021 7:57PM ET
Very tepid action in the altcoin market. It appears that the crypto hype has started to fizzle out.
BTC/USD Jul 28, 2021 7:35PM ET
It's quite amusing that some folks still believe in the myth that BTC would become accepted as a global payment system.. who buys BTC for that purpose? BTC volatility is the reason why people even bother with it. Moreover, BTC has major scaling issues, more users equals to longer transaction time, and you have to pay miners higher fees to frontrun the queue. Sure, some folks mentioned lightning network, but it has its' own set of issues, and it's still very small (only 1,500 BTC in lightning fund, not enough to sustain global payments).
BTC/USD Jul 28, 2021 3:42AM ET
It's not bizzare. Speculators are stampeding into BTC. Have seen these kind of price action in select commodities as well. Gold had a similar phenomenon last year as well, it goes parabolic, short squeezing the banks, before declining dramatically.. speculators don't hang around for long.
BTC/USD Jul 27, 2021 10:55PM ET
No offense but the sell-off already happened weeks ago.
BTC/USD Jul 27, 2021 10:40PM ET
It will blast through 40k reason for speculators to give up right now...
BTC/USD Jul 27, 2021 10:32PM ET
Have you not seen speculative trading? It usually runs during the early hours of asian trading. The uptrend usually continues for days or weeks, and then it dumps very hard, erasing most of the gains..
BTC/USD Jul 27, 2021 10:24PM ET
There will always be a dump further down the line, dumping is an integral part of crypto.
BTC/USD Jul 27, 2021 10:17PM ET
Speculators will undoubtedly dump hard, the question is when...
BTC/USD Jul 27, 2021 9:29PM ET
?? U need to go in depth. At least explain your thesis.
Bitcoin Jul 27, 2021 8:43PM ET
40K is a tough nut to crack, so it will likely consolidate at 39k, gathering energy to blast higher.
Bitcoin Jul 27, 2021 8:12PM ET
It's trading on technicals. Technical indicators say bullish so up it goes.
BTC/USD Jul 27, 2021 7:01PM ET
Parabolic pump during the early hours of asian trading. Have seen such price action before. It's usually not a healthy trend because these pumpers tend to dump hard. It's bullish in the short term though.
Bitcoin Jul 27, 2021 11:02AM ET
 Congress is very hostile towards crypto. FACT.  They see it as a threat to USD. Congress is very hostile towards crypto. FACT.  They see it as a threat to USD.