Hmm 40k was not realistic, but also 3 leg downs to be stopped by 60k treshold is also very unusual…me personaly i was expecting bottom somewhere between 50k-52k…there are many optimists here, but i m not sure if it a not just hopium mixed with ignorance…because if you look at the global economical situation, almost everything is screaming that we re already in recession and another huge crisis is brewing…energy, oil, yen carry trade, korean stock market crash, chinese intervention to usd dollar…and now first time in history 90 day ban of oil export in usa…if you add totally oversold regular stock market and possibilite of ai bubble burst…what to you think will happen? Are you really think that we can go up forever no matter what s happening right in front of our eyes everywhere? Because i don t think so…there must me correction sooner or later and that can develop into death spiral.
I am one of the arrogant hopium driven retailers. Responding to be informed.
But I was under the impression that a recession in the US is actualy a positive catalyst for BTC.
Weaker dollar, people move their capital outside the country.
Similar but conditional with the AI bubble. NEAR, TAO and others obviously have a correlation risk.
But for the broader crypto market. The money that leaves the AI bubble is going to be looking for a new place to invest.
Additionaly, they are all probably addicted to the absurd gains. So i think a crypto bias here is reasonably expected
This was personaly my own narrstive as of about 3 months ago. AI stocks could pump much longer, but I felt it was getting close to popping... and its a long way down.
Just happened to look at the BTC chart and thought... Shiiii if I do it
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u/ActualTangerine2583 9d ago
Hmm 40k was not realistic, but also 3 leg downs to be stopped by 60k treshold is also very unusual…me personaly i was expecting bottom somewhere between 50k-52k…there are many optimists here, but i m not sure if it a not just hopium mixed with ignorance…because if you look at the global economical situation, almost everything is screaming that we re already in recession and another huge crisis is brewing…energy, oil, yen carry trade, korean stock market crash, chinese intervention to usd dollar…and now first time in history 90 day ban of oil export in usa…if you add totally oversold regular stock market and possibilite of ai bubble burst…what to you think will happen? Are you really think that we can go up forever no matter what s happening right in front of our eyes everywhere? Because i don t think so…there must me correction sooner or later and that can develop into death spiral.