Mercury639

although crypto likely continues to underperform stocks/commodities in the mid-term,
things getting even sillier in those markets simply paves the way for crypto to follow suit long-term.
it’s a shame so many of you have failed to realize this.

“but how much worse can it get? my alts are already down -90%”
my brother in Christ,
if your alts are down -90%, it’s because their fair-value is 0.

you think you have money until you walk around the Bahamas and see an Indian family of 30 where every man is wearing an iced-out watch that you can spot from a mile away

I am happy and optimistic about the future.
Merry Christmas🖤

in case it isn’t obvious: instead of whining about the market like everyone else, you could be farming airdrops
every year there’s a handful of really lucrative ‘free-money’ plays in crypto — the greatest industry in the world
especially during holidays where not much happens.

a young man has made too much from this market to not enjoy it
so when you want to spend the holidays in the Bahamas, but wife doesn’t want to be away from family, the solution is to bring the entire family to the Bahamas.
eternally grateful.
Merry Christmas, CT🎄

$BTC
'scaling assumptions'
any push into local range highs from here would be more favored for breakout than any test prior, as we'd be above HTF trend this time around, as opposed to below it.
and if we breakout of the range entirely, I'll be able to look for a larger relief rally towards $100k thereafter

I hope you're experiencing the compounded benefits of not trading chop
preserving capital. preserving energy. avoiding mental fatigue
enjoying life now so you can trade a better environment later, detached from trauma.
there's layers to this.

you're young and fumbled generational wealth?
cool story - so did literally everybody else that joined crypto.
nobody cares.
forgive yourself, learn from your mistakes, and keep fighting.
once you win incredibly fucking hard, it'll all just be part of your lore.

nothing changed. crypto remains the greatest industry in the entire world.
example:
Zcash was the literal epitome of what bagholding dead coins looks like, at $30
2 months later, it traded at $700, and (real) people starting making the argument that it has greater fundamentals than Bitcoin
[yes, this actually happened - LMFAO]
I rest my case.

I find it hilarious the people who were like "man I wish I traded crypto in 2019 I'd be retired right now"
are now like: "THIS IS WHAT YOU GUYS WERE DEALING WITH IN 2019?!?!"
lmfao

people have used their dissatisfaction with this market cycle to argue some bold takes like ‘Bitcoin is a failed experiment’ or ‘Crypto is a failed industry’
but the truth is, the long-term vision has never been clearer
everything we’ve ever bet on by participating in this industry either has come into fruition already or is underway, in due time.
[this topic serves as a great litmus test]

you don't need lifechanging money in order to change your life.

remember October 10th when everyone was like:
“market makers got carried out on a stretcher, you’ll see the effects of that soon enough - liquidity takes time to find its way back into the market after an event like that so things might get a bit weird for awhile”
yeah,
that.

if you’re ever feeling down on yourself, just remember:
you get to trade against Alex Becker’s followers🙏

hey anon,
just because your peers are gambling on FOMC volatility with 50x leverage, doesn’t mean you have to
let them chop themselves for no reason - the real move always occurs after the meeting anyways

$BTC: nothing notable - getting rejected from the same local range high, and HTF trend
$ETH: broke out of local resistance, and reclaimed HTF trend, now looking to defend that region as support.
both have significant resistances overhead before we can start calling for full-fledged mania, but ETH is the clear frontrunner at the moment
the $ETHBTC chart paints the picture much more clearly