My2Cents retweeted
I've also talked about this. I think currently XRP's price is largely dragged around by the market and only secondarily affected by things specific to the XRP(L) space.
Go up the thread, ending here:
nitter.gq/JoelKatz/status/160935…
Well said
RETAIL INVESTOR FATIGUE.
I believe we're at that stage now in crypto. I can see it in the posts, I can see it in the comments. People are f*cking exhausted.
Months and months, even years of anticipation, expectations, headlines and predictions, only for so much of it to fizzle out.
And I'll tell you what's made it worse. The f*cking oversaturation of low-timeframe TA charts on this platform.
Every bloody day, the same squiggles, spaghetti lines, different theories, different predictions. One analyst throws you in one direction, another throws you in the opposite. Oh, we're in this wave. No, we're in that wave. Or possibly a sub-wave. Blah, blah, blah.
And when it doesn't play out? Another explanation, another chart, another possibility. The same sh*t gets regurgitated.
Now imagine consuming this stuff every day, week after week, month after month, sometimes for years. Especially if you're a newbie. It gets ingrained in your brain, your expectations keep changing, and before you know it, you're running around like a rat on crack.
You've developed a day trader's mindset when you're actually a mid-to-long-term investor.
This is what I've been talking about for years, and why I've probably been blocked by so many TA accounts.
Most of you have been invested since the last bear market. You're not starting your mid-to-long-term investment journey today. You're already years into it!
So why the f*ck are you mentally living through every daily candle, every prediction and every possibility?
I've said it many times. Get on with your life. Hit the gym, eat healthy, spend time with your family. Stop getting sucked into this daily void.
I use charts too, but high timeframes. Much easier on the brain. I prefer discussing the tech, ecosystems, infrastructure, fundamentals, macro and real investor talk, mixed in with charts when necessary.
And before anyone gets upset, I'm not trolling TA analysts. I follow some, I'm friends with some, and I enjoy seeing what they put out. But I don't believe in this constant daily saturation, especially when so many predictions never play out.
I've seen this in other markets over the years. Nothing new to me.
Here's a question. How long have you been staring at the same f*cking charts, following different theories and predictions, only to watch them fizzle out and get replaced by another?
And more importantly, what has all that daily exposure actually achieved for you, apart from mental exhaustion?
I'm not exhausted. But judging by the comments and posts I'm reading, plenty of people are.
Maybe it's time to start thinking like an investor again, rather than a day trader.
Anyway, probably upset a few people with this one. But that's exactly what I'm seeing.
Dom tells it like it is
This is why you never invest money you'll need right away
You'll never make a quick flip
But if you have patience
A paper loss means absolutely nothing until you decide to click sell and make it official
We need @bgarlinghouse or @JoelKatz to address the anger and frustrations of the $XRP community happening right now
They need to come out and tell us what the real plan is and if we can ever expect to be rewarded for our decade long loyalty through the most outrageous bullshit compared to every other token this entire journey
Promise after promise and 0 results
If anyone deserves to be rewarded it is the $XRP community.
🤖 Made with AI
This right here is why you'll never EVER know how to invest into crypto
You've got back to back contradicting posts all day, everyday
It is designed this way so the average person loses their money
Find accounts you trust
& BLOCK anyone who posts hopium, or false news
You need people who post real analysis and not just engagement farmers
Copy and Paste the share link to try out the viral trick everyone is doing
nitter.gq/MrEllzee/status/211946…
This quoted post is unavailable.
My2Cents retweeted
LEGENDARY FILM DIRECTOR SPIKE LEE RELEASED ONE OF THE MOST POWERFUL #BITCOIN AND CRYPTO ADS EVER
"7 MILLION AMERICANS HAVE NO BANK ACCOUNT"
"20 MILLION ARE UNDERBANKED"
"OLD MONEY IS NOT GOING TO PICK US UP. IT PUTS US DOWN, EXPLOITS AND OPPRESSES"
"DO YOUR OWN RESEARCH"
TIME TO BUY BTC 🚀
My2Cents retweeted
My Q4 trade plan for November and December
The dip to buy is right now. #Bitcoin dropped to $76.3K this week, right onto the 50 week SMA. I think this is the cheapest price Bitcoin will trade at for the rest of this bull run.
Here's why.
Bitcoin confirmed the bull run two months ago, when it closed a week back above the bull market support band. The band is the zone between two lines on the weekly chart:
The 50 week SMA, the bottom, about $76K
The 50 week EMA, the top, about $78.6K
In a bull run, Bitcoin holds above this band on the weekly chart. The 50 week SMA is the floor, and price is sitting on it right now.
So I'm buying today. Not after months of sideways trading, and not lower. The bottom of this correction should be in this month, most likely right after the midterm elections on Nov 3.
When I'm wrong: a weekly close below the 50 week SMA, about $76K right now.
A daily wick down below $76K, a quick drop that snaps back, could still happen next week, right after the midterms. That's a typical liquidity hunt: price dips to where a lot of traders have money in borrowed bets and automatic sell orders, just under $76K, and forces them out. All it takes is a weekly close back above the 50 week SMA, and the bull run is still intact. If that quick drop happens, I buy it too. That's the window: today, and maybe next week.
How many 2FA attempts hit your phone daily?
I'm denying about 5 per day. I assume it's AI scams trying to log in
My2Cents retweeted
Le niveau des 1,16 $ sur $XRP est identifié depuis des semaines dans le Discord.
Pourquoi ? Simplement parce qu’il correspond à un retest d’une ancienne résistance devenue support.
C’est purement technique, classique et parfaitement normal dans un cycle de marché.
Mais sur X, ca crie au scam, propager du FUD et inventer des théories absurdes plutôt que d’ouvrir un graphique et de comprendre la structure du marché.
Tout devient une catastrophe quand on ne comprend rien à l’analyse technique.
