Just wanted to point out a few brutal days ahead for the bears, looks like the stampede is about to start.
Consider these points:
1. We just saw one of the most brutal sell offs of any market in history of mankind and the market recovered incredibly fast, might be the biggest bear trap of all times. (See point 4.)
2. FOMO is real! Everyone and his neighbor heart about crypto, but hasn’t invested yet. Real interest rates are negative in the developed world. The stock market is at all time highs, bonds have no prospective returns for the next 30 to 40 years. They call it TINA –> There Is No Alternative
3. In the past they called it “Debasement” and it works as follow: “A debasement of coinage is the practice of lowering the intrinsic value of coins, especially when used in connection with commodity money, such as gold or silver coins. A coin is said to be debased if the quantity of gold, silver, copper or nickel in the coin is reduced.”
Nowadays it’s called MMT (Modern Monetary Theorie), here are two main principles:
MMT’s main tenets are that a government that issues its own fiat money:
Can pay for goods, services, and financial assets without a need to first collect money in the form of taxes or debt issuance in advance of such purchases;
Cannot be forced to default on debt denominated in its own currency;
The only problem is crypto, it provides an escape valve from MMT and can lead to serious problems for the government since it wants to spend without a need to first collect money, who doesn’t, I don’t blame them.
4. Chart analysis: all major coins broke many support levels and recovered them again, today they are establishing impressive new support levels that would negate the break. Biggest bear trap of all time, even not so young and shaky bulls got thrown out. The bulls that are left have diamond balls and prefer bear sausage for breakfast.
5. Looking out my window I can see a fresh and bloody full moon rising out of the Atlantic, if despite my warnings in the title any lonely bear had the balls to peek into this post, just get ready for a rough time, you might have licked some blood in recent days, but everything points towards a flood of bear blood in the not so distant future.
View Reddit by BenFueller – View Source
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