Equifax emailed me this helpful video to gaslight us about the cause of inflation.

Subject: Fighting Inflation 101

“Inflation is a measure of how fast prices of goods and services are rising, and it can be caused by many factors. More jobs and higher wages increase household incomes and lead to a rise in consumer spending. The higher demand for goods and services and increases in production costs, raw materials or labor are some factors. When this happens across a large number of businesses and sectors, this leads to an increase in inflation.”

https://youtu.be/Fb-2SxYd__A?si=N6oxc09baH0SfGjZ

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Discussion

🤡😫😣🤡*

* Beatles reference

Yikes. Sad part is how many shmucks believe it. ☹️

You still predicting $10K 🌽 or nah?

Not predicting. It's coin toss right now. Below $47k yes. Above $74k no. Anything between is just noise.

Either way 80% crash is coming. Just dunno yet if it's from the $74k high. Or after a run to $150k.

$74K as the cycle high seems insane.

Depends. It has potential 5 wave completion since Nov 2022, which would mean 5 wave completion since 2019 low.

All macro charts have some ugliness to them right now. SPX included. To what depth and when is TBD. Sit and wait mode for now.

How many halvings have you been through?

Halving doesn't matter.

I’m not much of a chart nerd, but historically after the halving has taken place there’s around a year of uptrend that follows.

This is true. Which is concerning. When everyone believes something, including an indicator, market does the opposite.

Same happens for EW.

The more people hate it, the better it works.

It's when Elliott Wave starts trending that I get nervous because a groupthink could be occurring.

I don’t like groupthink either, but there is a much larger segment of people out there who are convinced bitcoin is tulips and Beanie Babies or aren’t paying attention at all, and they’re the ones these cycles are made for.

That's true. But there's a lot who think it's the second coming too. Especially in the Nostr echo chamber.

Not all tops are euphoric blowoffs either.

Regardless, we break above $74k I'll ride it bull side without any qualms. Not until then though.

I’ve just been around for enough time to not obsess with things like wave structures and fib level targets. I’m not a trader, I’m here for the long game.

Timing is a bitch but the cycle is so far undefeated

Lollll

Am I now?

Yes def

The one thing I love about Nostr, no edits, no deletes.

15k invalidation 🤣 HFSP

Yes the problem is that we’re getting paid too much

Remember to diversify.

What was their solution to inflation?

Cancel Netflix and buy Krasdale brand cheese instead of Cabot.

😳 🤯

And just like that they solved inflation

Yeah of course the comments are turned off. Lying sacks of shit.

THEY NEED TO BURN FOR THEIR MASS CENSORSHIP

1&2 makes me so mad.

What they really say.

1. It’s your fault you better get used to a poorer lifestyle

2. Get used to unhealthy food, sweatshop produced products.

3&4 should always be a no brainer anyway except it should say save in bitcoin 😊

So nothing to do with government spending in extreme excess of its tax revenue, or its expansion of the money supply at a much greater pace than GDP? Nothing to do with adding $1 trillion to the national debt every 100 days, approaching 120% debt to gdp? Ok.