Excerpt 2: Current Market October 2024
Reminders that Excerpts are my thoughts on the market. If you follow me on twitter I had been shouting for an accumulation of SEI in the mid .20s. That got nearly 2X'd last month.
When I log on Twitter I see nothing but retards shift direction the second market goes up or down saying "we are sooo back"
You are not back and all though we want to believe the prophecy of the holy Bull Run the fundamentals are simply not there. People have the lowest amount in savings and general opinion on crypto is still scammy. I have yet to see any of the catalysts from 2020-21 emerge that can invigorate a true run (emergence of DEFI, DEXs, NFTs & ETFs)
Since the retail trader is broke, the weight will have to be carried by institutions. That's where it gets interesting. China, Brazil and a host of other countries are beginning accumulation and deregulation. ✅
A Trump Win- This is huge. Trump's puppeteers will usher in further deregulation and purge the SEC of its controls on crypto. Funds will delve in, creativity will expand & companies will come back to the States✅
As for a third catalyst it has yet to emerge. Their are secondary forces like inflation & rates but these are not gonna 4-5X major alts in a month. Is AI it? IDK how it integrates in crypto(nothing in crypto has yet to go mainstream. Vechain didn't revolutionize supply logistics and no major company is using Render GPUs) although people tout memes they are a devolution in crypto and brings it back to its most basic position, useless gambling.
Crypto will ascend, but it will not melt faces just yet.
Reminders that Excerpts are my thoughts on the market. If you follow me on twitter I had been shouting for an accumulation of SEI in the mid .20s. That got nearly 2X'd last month.
When I log on Twitter I see nothing but retards shift direction the second market goes up or down saying "we are sooo back"
You are not back and all though we want to believe the prophecy of the holy Bull Run the fundamentals are simply not there. People have the lowest amount in savings and general opinion on crypto is still scammy. I have yet to see any of the catalysts from 2020-21 emerge that can invigorate a true run (emergence of DEFI, DEXs, NFTs & ETFs)
Since the retail trader is broke, the weight will have to be carried by institutions. That's where it gets interesting. China, Brazil and a host of other countries are beginning accumulation and deregulation. ✅
A Trump Win- This is huge. Trump's puppeteers will usher in further deregulation and purge the SEC of its controls on crypto. Funds will delve in, creativity will expand & companies will come back to the States✅
As for a third catalyst it has yet to emerge. Their are secondary forces like inflation & rates but these are not gonna 4-5X major alts in a month. Is AI it? IDK how it integrates in crypto(nothing in crypto has yet to go mainstream. Vechain didn't revolutionize supply logistics and no major company is using Render GPUs) although people tout memes they are a devolution in crypto and brings it back to its most basic position, useless gambling.
Crypto will ascend, but it will not melt faces just yet.
