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Market doesn't seem overly impressed with the news.

Kinda funny how much longer it takes for news to impact crypto than stonks. With stonks it always seems like the market starts to move before the news is even announced. With crypto the news happens and then it can take as long as an hour before the market reacts. Makes me feel like you could...

The longer this clusterfuck of a conference goes on the more crypto drops. Good thing it's not a 3 day weekend or I'd be broke.

:emoji_grimacing:

This is what I remember from the 99-2002 days. It's not so much that charm is different as people use it differently than they did in early EQ. It's crazy how much the tactics of EQ have evolved over the years. Even now I log on and find people using spells in totally different ways than they...

And the VET rocket is back on track.

Yep- looking like his attempt fell flat. He started losing the ability to pump Doge after a while too. Cry "wolf" too many times and eventually people are just going to stop reacting to your bullshit.

Aaaaaand... There goes Elon trying to fuck BTC again.

VET running. Against the grain too. That big news I mentioned a week or so ago is supposed to drop this month.

Much bigger deal not owning the actual coins in crypto because of staking. Most people who dig even a little bit into crypto will realize staking is one of the biggest benefits for the PoS coins and you can't do that via RH. Why do you think PayPal recently changed their policy regarding being...

What do you mean by "powerful?" Enchanters have generally been my main class since Live. It functions identically to the way it did on Live regarding effect. I have definitely found the duration on Green to be pretty much on par to what I remember from Live. Charisma has just as big an...

Looks to me like Whales have their hands in the crypto cookie jar while retail traders are distracted chasing shiny meme stocks.

So it sounds to me from what you are saying that there isn't actually a liquidity issue at all, but volume is just fairly flat- i.e. interest in buying or selling has dried up considerably.

Anyone still holding MATIC? I'm starting to read that there is a liquidity crisis. No one is selling it apparently. Anyone know what's up?

Specifically regarding when the big guys decide everything has been squeezed that can be squeezed out of retail, I have no idea. I'm sure whatever methods and algorithms they use are far better than anything I'd ever have access to. It's probably easier with crypto than with stocks to be...

This parses it pretty well from what I understand. Add to that though an entire other level that factors in much more now than when Wyckoff was writing up his theory. There is a whole host of communication tools that whales use to hype and push FUD at the exactly right times. Social media, paid...

Basically, from what I gather after scouring fintwit and listening to crypto/market "experts" is that BTC is currently in a holding pattern. It will very likely break hard (the primary number I'm hearing is +/-10k) either up or down in the near future. The longer it goes on in the current...

Chop. Bouncing around in this same pattern.

Crypto fundamentals just keep getting stronger every day. The longer this goes on the way it has been, the more clear it is to me that we are in an accumulation phase so that the big institutions can get their fingers in the pie.

It definitely seems like things went off track midway through Phase D and into Phase E (ironically shortly after he posted that first Apr 25 vid). But up to that point the pattern was eerily identical to the Wyckoff. I dunno what disrupted the pattern. Maybe it was ETH? I doubt it though...

Interesting. I've read a few places that Putin has been accumulating ethereum for years.

Ok ill bite- what is SWIFT and how will removing Russia from it put up a pressure on crypto?

Yeah, there's a measure of visceral truth to the whole Wyckoff concept. Kind of like finally having a name and explanation for something you've been subconsciously noticing the entire time. It also helps that the numbers add up. There's always so much noise and disinformation out there, but...

That's definitely what it looks like to me when you overlay the Wyckoff on the BTC. Edit: Watch the video though- his explanation comes with lots of asterixis.

It's a pattern chart, similar to head and shoulders, reverse head and shoulders, etc. BTC is following the Wyckoff distribution pattern almost to a T.

Take a look at this instead and compare it to BTC

Bad

So basically I'm reading you to say 1559 isn't going to kill MATIC, which means it's likely to continue to get more valuable, but rollups eventually will kill MATIC (and maybe all the other L2 chains?). You have any estimate of MATIC's lifespan? I know that's probably a tough question due to a...

Hey @James I know you have a good handle on the technical aspects of the Ethereum network. I'm trying to determine if MATIC will have value after 1559. I've heard arguments both ways. The pro-value after 1559 group seems to be the more knowledgeable of the two camps, but their explanation as...

Normally I avoid the comments section for these things because they tend to be cesspools that bring out the dregs of society, but I took a look because you said something... Glad to see this one was not an exception.

I do trust you- just trying to determine what it means that the doomsayer is very bullish.

Thanks for this.

Bear Pr0n? This is a super bullish article on ETH

This is pretty much where I've been for a while now.

I have my issues with Zero Hedge, but he posted this a couple hours ago and it's probably the most cogent explanation I've seen regarding the differences between ETH and BTC, and why ETH is a better investment: "Own The Internet" - A Bull Case For Ethereum | ZeroHedge

I'll second this. Any info you (@Sanrith Descartes) can give on when you think we have hit the bottom for ETH would be really, really appreciated.

Wait, who is the battered housewife in your scenario? You or crypto?

Doesn't feel that strange to me tbh. A huge correction needed to happen. ETH is still up 900+% in the last 12 months (BTC is up 200+%). Crypto fundamentals are stronger than they have ever been and acceptance is higher than ever. Dozens of big name investors and financial institutions, many...

They never stopped working together.

Sell Matic when it reaches $10. Don't sell ETH.