not normally a charti boy but it would be a shame if eth BTC were to break down below .05

From Joe Burnett (this is just accurate & brilliant):

“Do miners sell #bitcoin  to cover their expenses? Yes.

Does the halving cut mining revenue in half? Yes.

Do the weakest miners and ASICs turn off? Yes.

Does the marginal seller affect the price of bitcoin? Yes.

Does the halving then affect the price of bitcoin? Yes.

Is there not an immediate effect because a cut in the flow of new coins requires time, hence the definition of a flow being a quantity per unit of time? Yes.

If price begins to rise is there a delay before new miners come online due to the time required to build mining and energy infrastructure? Yes.

So the price can rise, but sell pressure can remain ~unchanged~ for 12-18 months post-halving? Yes.

This means the prices goes up, attracting a new wave of adoption, and few natural sellers exist for 12-18 months? Yes.

So the halving is very bullish? Yes.

But this doesn’t matter for LTC, ETH and BOMB because there is no real demand for the second best monetary tool because money solves the double coincidence of wants by becoming the ONE most marketable tool? Yes.

So prices of these copies are just high beta and high theta (time decay) derivatives of bitcoin? Yes.

And bitcoin is going up forever? Yes.”

We can’t keep planes in the air, trains on the tracks, boats away from bridges, guns out of schools, and criminals out of office.

But at least we can see it all on the livestream.

#bitcoin right now. 🤣

This is the best piece of satire I read in a long time. Indistinguishable from reality. Or is he for real? Hmmm ... Masterful. 🤣

Net Liquidity and Global M2 Update:

US Net Liquidity (upper chart) tried and failed to break out of its two-year range and has recently turned lower.

OPINION #1: Ongoing bullcrabby implications (sideways chop around local highs) in the near-term for US small and mid-cap equities.

Global M2 (approximate; lower chart) continues to trend sideways near the upper end of resistance within its three-year channel.

OPINION #2: Until this trend changes, I expect continued choppy sideways ("crabby") price action of worldwide assets near local highs. 🦀These may include: #bitcoin, #gold, FAANG+ stocks, and $QQQ, among others.

OPINION #3: Continue to respect the bullcrab environment. In other words, lean bullish... but not overly bullish... and definitely not bearish.

(Not individual investment advice! For infotainment purposes only!)

WAIT WAIT WAIT.

You can Buy a Whole #Bitcoin??

I was told there were only Fractions 🤯

#bitcoin

Why doesn’t primal show the content of the links? Frustrating

Carrot cake is the best cake.

You know, man, I've been thinking about this whole crime thing lately. It's like, the more I see these big-shot corporate types and politicians getting away with ripping off the little guy, the more I start to think maybe they're onto something, you know?

I mean, look at all these fat cats, living it up in their fancy mansions and private jets, while the rest of us schlubs are just trying to scrape by. They're stealing our hard-earned money, funneling it into their own pockets, and nobody seems to be doing a damn thing about it.

And the crazy thing is, it actually seems to be paying off for them. They get a slap on the wrist, maybe a small fine, and they're right back at it, swindling and scheming their way to the top. It's like the system is rigged in their favor, man.

Just something to think about, I guess.

#PlebChain

It's market manipulation, plain and simple.