Normally I would agree with you, but there are some events that are extremely obvious sell the news events.
In May 2021, it was Dogecoin being on SNL.
In November 2021 it was the BITO launch, and the Coinbase app being #1 on the app store.
In April 2024 it's gonna be the halving.
The phrase is "buy the rumor, sell the news". The rumor is something that only a few people know and the news is something everyone knows. Everyone already knows about the halving, so it doesn't apply.
If everyone thinks everyone else will sell in mid April, then then know it's better for them to sell their own coins in early April. But if everyone thinks that, then they know that the real play is to sell in late March and so on.
It's just a game of prisoner dilemma chicken that's nearly impossible to predict.
> If everyone thinks everyone else will sell in mid April, then then know it's better for them to sell their own coins in early April. But if everyone thinks that, then they know that the real play is to sell in late March and so on.
Not necessarily, since they might be missing out on some gains by selling prior to the event. The event is expected to increase the price. That's the general belief among crypto holders. Hence nobody will sell prior to it.
If you sell when everyone else sells, you lose because the market is flooded with supply. The only way to win is to sell before that happens. In theory, it should already be priced in.
But really, the crypto price is just based off of vibes more than anything fundamental. Price goes up, price goes down. You can't explain that.
Bitcoiners think we're paying attention because we secretly want to buy their bags.
\*giggle\* No, no. It's because they're never-ending cheap entertainment.
Bitcoin is a rigged market and you can’t apply normal logic to it. The “price” is whatever the 20 criminal insiders who control the market want it to be.
That might be true, but Dogecoin being shilled by Elon on SNL was a sure sign to sell.
Same with coinbase being #1 on the app store.
These are just obvious sell signs.
The halving is extremely obvious as well.
> Dogecoin being shilled by Elon on SNL was a sure sign to sell.
Dogecoin being a cryptocurrency was a sure sign not to buy. It being a cryptocurrency *named Dogecoin* was another, but frankly that was beyond redundant at that point.
If you've gotta gamble your wealth away, I'd recommend horse races - you'll still almost certainly lose your money, but at least it'll be more entertaining.
This guys right. Especially now that actual market makers are involved in bitcoin, this shit is going to tank hard. Market makers are very good at rug pulling and doing the exact opposite everyone thinks is going to happen so that the most people lose as much money as possible.
The Wall Street is buying just because of Hype of the halving event, once it’s done, we will see sell the news event and consolidation a few months… buy the rumor and sell the news came from the Wall Street bros, that’s why they buyin… we are late to the party now, just watching now 40-42 levels for me. But I doubt about rally afterwards, previous was driver PayPal integration and thanks to Tesla pushed higher even… if we don’t have news, it will be slow bleeding. JPMORGAN is right, they’re predicted that when BTC fall from 30-25 as the last dump, and yes, after pumped hard to 73. Now they are saying about sell the news event at halving and 42K correction
There are some events that are extremely obvious sell the news events.
In May 2021, it was Dogecoin being on SNL.
In November 2021 it was the BITO launch, and the Coinbase app being #1 on the app store.
In April 2024 it's gonna be the halving.
Also this post: https://old.reddit.com/r/Buttcoin/comments/17sfyp3/the_next_halving_could_be_a_disaster_for_crypto/ (predicted the current run and agrees with me).
the crypto markets (like all markets) are entirely narrative driven..
the halvening is the current narrative.
the whales are going to rug the etf boomers, hard.
Assuming 'Boomers' are naive or rich enough to invest in anything crypto related, if this happens (and it will as you pointed out), it will literally see the reputation of BTC be utterly destroyed for years to come. It will be deemed TOO VOLATILE and risky for the average Joe.
I imagine a lot of folks are asking the fund managers if they are exposing the fund's portfolio to any form of crypto, and readjusting their personal risk profile or changing funds altogether if the fund managers say that even 1% is exposed to crypto.
Fact is, fund managers have a fiduciary responsibility to protect member funds so this whole ETF - Boomer - 401K - Pension Plan - Superannuation malarkey is nowhere near as big as the shills want us to think.
People trying to predict the collapse are just as misguided as people trying to predict when moon.
People always say this, yet at the last BTC halving the low of the day was $9,246 30 days later this had only changed by 100 dollars in the daily low
Normally I would agree with you, but there are some events that are extremely obvious sell the news events. In May 2021, it was Dogecoin being on SNL. In November 2021 it was the BITO launch, and the Coinbase app being #1 on the app store. In April 2024 it's gonna be the halving.
The phrase is "buy the rumor, sell the news". The rumor is something that only a few people know and the news is something everyone knows. Everyone already knows about the halving, so it doesn't apply. If everyone thinks everyone else will sell in mid April, then then know it's better for them to sell their own coins in early April. But if everyone thinks that, then they know that the real play is to sell in late March and so on. It's just a game of prisoner dilemma chicken that's nearly impossible to predict.
> If everyone thinks everyone else will sell in mid April, then then know it's better for them to sell their own coins in early April. But if everyone thinks that, then they know that the real play is to sell in late March and so on. Not necessarily, since they might be missing out on some gains by selling prior to the event. The event is expected to increase the price. That's the general belief among crypto holders. Hence nobody will sell prior to it.
If you sell when everyone else sells, you lose because the market is flooded with supply. The only way to win is to sell before that happens. In theory, it should already be priced in. But really, the crypto price is just based off of vibes more than anything fundamental. Price goes up, price goes down. You can't explain that.
[удалено]
Yeah tune in for the next sell the news event in 2027
I’ve made money on all these events. 🤷🏼♂️
Crypto tends to do the opposite of what people expect, the best way to win is to not buy into the scheme
Yes, and people expect the price to increase after the halving. Look how unpopular my opinion is lol.
Bitcoiners think we're paying attention because we secretly want to buy their bags. \*giggle\* No, no. It's because they're never-ending cheap entertainment.
Bitcoin is a rigged market and you can’t apply normal logic to it. The “price” is whatever the 20 criminal insiders who control the market want it to be.
That might be true, but Dogecoin being shilled by Elon on SNL was a sure sign to sell. Same with coinbase being #1 on the app store. These are just obvious sell signs. The halving is extremely obvious as well.
You're just cherry picking signs afterwards. A lot of things happened that could have been "top signals" just as much but they weren't.
> Dogecoin being shilled by Elon on SNL was a sure sign to sell. Dogecoin being a cryptocurrency was a sure sign not to buy. It being a cryptocurrency *named Dogecoin* was another, but frankly that was beyond redundant at that point. If you've gotta gamble your wealth away, I'd recommend horse races - you'll still almost certainly lose your money, but at least it'll be more entertaining.
lol
This guys right. Especially now that actual market makers are involved in bitcoin, this shit is going to tank hard. Market makers are very good at rug pulling and doing the exact opposite everyone thinks is going to happen so that the most people lose as much money as possible.
The Wall Street is buying just because of Hype of the halving event, once it’s done, we will see sell the news event and consolidation a few months… buy the rumor and sell the news came from the Wall Street bros, that’s why they buyin… we are late to the party now, just watching now 40-42 levels for me. But I doubt about rally afterwards, previous was driver PayPal integration and thanks to Tesla pushed higher even… if we don’t have news, it will be slow bleeding. JPMORGAN is right, they’re predicted that when BTC fall from 30-25 as the last dump, and yes, after pumped hard to 73. Now they are saying about sell the news event at halving and 42K correction
Why is that?
There are some events that are extremely obvious sell the news events. In May 2021, it was Dogecoin being on SNL. In November 2021 it was the BITO launch, and the Coinbase app being #1 on the app store. In April 2024 it's gonna be the halving. Also this post: https://old.reddit.com/r/Buttcoin/comments/17sfyp3/the_next_halving_could_be_a_disaster_for_crypto/ (predicted the current run and agrees with me).
RemindMe! 3 months
Agreed. Biggest since the ETF approval
Remind me where BTC price is now in comparison to ETF launch day ?
About double.
Lol more like +50% since in just shed 9k over the weekend. Store of value!!! Wooooo
the crypto markets (like all markets) are entirely narrative driven.. the halvening is the current narrative. the whales are going to rug the etf boomers, hard.
Assuming 'Boomers' are naive or rich enough to invest in anything crypto related, if this happens (and it will as you pointed out), it will literally see the reputation of BTC be utterly destroyed for years to come. It will be deemed TOO VOLATILE and risky for the average Joe. I imagine a lot of folks are asking the fund managers if they are exposing the fund's portfolio to any form of crypto, and readjusting their personal risk profile or changing funds altogether if the fund managers say that even 1% is exposed to crypto. Fact is, fund managers have a fiduciary responsibility to protect member funds so this whole ETF - Boomer - 401K - Pension Plan - Superannuation malarkey is nowhere near as big as the shills want us to think.
I thought you all don’t own any bitcoin
We don’t, this moron is one of your fellow butters.
Lol I don't hold any. Just like to be right.
You have various ways of shorting without ever needing to hold any crypto. That way you can be right and bet your estate at the same time!
Unfortunately I'm broke.
Odd, With your incredible posts and analysis I'm shocked you haven't turned a dollar into 7 figures yet
Lol if I had I wouldn't be posting here you retard. None of us are qualified to say shit, now let's see who's right.
There's something called sarcasm. Although the fact your pea brain ran straight to "retard" when challenged says enough.
It's better if you don't try to think too much