These are some wild swings back and forth for a 24-hour period even for bitcoin. Is this because of the fucking Fed raising the fucking rates even though they're asked to lower the fucking rates because the Fes runs our fucking economy even though they're not fucking elected and they don't listen to the fucking administration so we don't actually have any representation in the most important fucking economic institution in the fucking world?
My read on it is that people are expecting it to swing first on CLARITY being dead in the water, then on Fed rates, but Bitcoin repeatedly shrugs them off so it revverts to the mean and keeps on crabbing. We need something more substantial to break up or down.
just link (ticker: LINK) things
This market is so fucking retarded.Bitcoin shot up twenty five fucking percent last month because retards thought the CLARITY Act would pass and that Bessent's brain dead treasury buybacks would lower yields. Both of those things completely failed and on top of that there was a rate hike that was more or less entirely unanticipated a month ago. BTC is not only not correcting from the bullshit 25% bounce but is now going UP. And knuckle-dragging cretins are saying that this was somehow "priced in" even though that doesn't make any goddamn sense because there is literally no catalyst whatsoever to explain this gigantic rise in price that hasn't been completely discredited by now.I hope all these market manipulators fucking die of cancer. They are too stupid to handle the amount of money they have.
>>62698599conversely, bitcoin crashed 50% because of those same market manipulators, so perhaps reading into macro is not the best idea when all of the float in crypto is controlled by a small cabal of fags doing whatever they want
>>62698606I refuse to believe that a handful of rich bankers and fund managers can choose to indefinitely ignore global market forces. Maybe that makes me a fool, but I cannot tolerate living in a world where having enough money somehow magically means you get to decide whether laws of economy apply to you or not.
>>62697418>wild swings'sup nufag
>>62697418the eternal crab cycle
>>62698629>i refuse to believeThat’s your problem, you can’t handle the truth of where we are on the fiat debasement timeline. Some people can’t handle the truth, and I’m not going to be bothered trying to wake up some sidelined seether when the information is out there for him to learn if he has strong critical thinking skills and discernment (rhetorical, you don’t obviously)
>>62698599Perhaps 60k was simply too cheap. Wasnt a lot of sellets down there.Where we are atm there seems to be as many buyers as sellers, regardless to wat your thoughts are on value. Also>Bitcoin shot up twenty five fucking percent last month because retards thought the CLARITY Act would pass and that Bessent's brain dead treasury buybacks would lower yieldsNot really, was more of a fiat going to 0 + short squeeze. Look at how gold traded.
>>62697418Just whipsaw stuff, chopping up everyone's stoplosses.
