veryevilone

veryevilone Updated 

I try to keep up with the news and what the governments in the west are doing, particularly USA, and there have not been any policies that actually attempts to adress inflation and what not. So in my opinion its going to come back with a vengeance.

veryevilone

Its been a pleasure hanging out over the years and i will not forget the crazy people that i met. But now i am retiring. I will still be trading but from a quiet place. Have a nice day :)

veryevilone

Something tells me the rules have changed and i am betting on it. But the rules used to be that The Fed would lower rates and shower the economy with money if there was even an indication of recession. But i think the rules have changed and they are not going to do that now. What this means is that another depression could be on the way, and i would like to...

veryevilone

Overall i am bearish due to the macro situation. The fed is on drugs and thinks it can control inflation by raising interest rates. It cant. Its pretty much a coincidence that inflation is dropping as its raising interest rates. But other things are happening in the economy as a result and it is slowing down a lot. A slowing economy is bearish for Bitcoin imo. So...

veryevilone

Ethereum is winning the crypto wars. The latest player to join ETH is Paypal, with the launch of their stablecoin on the Ethereum blockchain. Crypto is a winner takes all due to network effects and the entire game theory behind Bitcoin is that its far ahead of others so thats what peope will use. But Ethereum is growing faster than Bitcoin and the next wave...

veryevilone

BTC deflating due to security budget shrinking + getting a bad reputation for dropping so much in price. A death spiral if you will. It will continue to exist but it will shrink to the size it was in 2013/2014 imo. But lets see.

veryevilone

I cant believe i am saying this since i feel bearish. But from TA standpoint it looks like BTC is forming support, preparing for a move up. It could just be the halving hype. The technical pattern i use is a channel, the prediction is loosely based on Wyckoff analysis. Where atm. its in "accumulation" you can google wyckoff distribution and accumulation theory if...

veryevilone

A corporation that mints silver coins. Learn about the process here. www.youtube.com Studies show that millenials are into gold and silver. Maybe this company has potential to grow and if not just an inflation hedge? Lets see

veryevilone Updated 

Operation chokepoint is underway, it has already caused a big ruckus but basically the various US agencies have been ordered to disrupt crypto in the name of protecting it. Thats as far as i understand. Then there is jerome powell who is aggresively raising rates and causing a defacto depression, money supply M2 is also shrinking which is unprecedented. Then...

veryevilone Updated 

BTC halving in 10 months, maybe a shocking rally coming after. buybitcoinworldwide.com

veryevilone Updated 

BTC seems to struggle to break up further than $30k. It needs to go much further tho in order for hashrate to remain intact for the next halving which is in about 9 months. If not its possible that hashrate will begin a decline.

veryevilone Updated 

Riot Platforms primary business is mining Bitcoin, but bitcoin is programmed to award less and less bitcoin to miners. Around april next year the protocol will automatically halve the amount of Bitcoin that can be mined from one day to the other, its called a halving. This would require the exchange rate of BTC to double until then if miners are to remain...

veryevilone

cruiselines are perhaps still a bit undervalued despite their big rally this year, and they will likely start paying dividends again soon. Apparantly most cruiselines are 100% booked and have made a impressice recovery after the virus bullshit. As starlink gets upgraded the internet access on the cruiseships could become top notch and the industry will attract a...

veryevilone

BTC rejected at $30k and started a downtrend after the initial rally in the year. then a rumor started circulating that blackrock will create a bitcoin ETF and the price started pumping in a manner that resembles FOMO. When this FOMO stops, its posible that the selling and downtrend will resume. But lets see.

veryevilone

Target is $350k over next 12 months. Chart is based on internalized patterns coming from watching charts every day for 7 years. Lets see if it pays off. Probably not.

veryevilone Updated 

USM2 has been shrinking since 2021 which is unprecedented. Why does everyone just assume it will stop and go up again? Why dont more ppl assume that the TREND of shrinking will resume, at least short term?

veryevilone

The viking society was decentralized, there was no formal king and every viking was self sufficient. he had his own land, livestock and crops. They were basically free people, and it helps explain why their ships and crafts were a class above others at the time. So vikings were portrayed as primitive raiders and berserkers but that is not the truth. They were...

veryevilone Updated 

The yellow circles highlight the whales/algos dropping the price in spikes to shake out weak hands. And then after a while they rapidly raise the price, "sucking in" the weak hands who will essentially buy back higher and pay off the whales/algos.