@decodejar
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Bitcoin & Crypto Market Intelligence | https://nitter.cf/t.co/pTW6aRaBjT
Not financial advice
Joined May 2020
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Wave 4 correction completed close to the target and Bitcoin is now ripping higher in its 5th wave, of 1.
Biggest mistake you can make is chasing the market. Major altseason is brewing. Have conviction, stick to your choices, and ride them all the way.
Pretty hyped up timeline today, but what's really crazy is just how few coins have moved at all. So far a very concentrated market in a few popular names, but this is no time for top blasting. Still very early in a crypto bull market and with time to keep adding. Your patience will be greatly rewarded.
Tom's track record for these sorts of calls isn't exactly strong, but right or wrong, I do think that crypto is setting up for the one of biggest market rallies in our life time, I just think it will stretch out over a longer period of time.
I told you Fed would hike rates. Every single time people come up with all sorts of wrong opinions on what is going to happen instead of just looking at the FedWatch odds that are literally never ever wrong
I think there is still a bit more drop left in Bitcoin yet, before this correction is done. Will update tomorrow.
I've been waiting for all the chitter chatter about Clarity, Rates, and AI to settle down a bit, but I'll say this...
Clarity in the US would have been good for long term crypto growth, but it's a big planet and another delay in one country doesn't change the near term path forwards.
Rates haven't been announced yet, but are widely expected to go up a quarter point. Higher rates won't kill a bull market as long as the economy holds up, so slightly higher rates is nothing to worry about.
And AI is not going to kill anyone either. In fact you can be certain that almost all the sensationalist predictions that are getting air time today won't play out, and I would wager we won't see AGI this side of 2030 either. Current LLM architecture will never be AGI.
So, chill out people, ignore the narratives and be patient. We've waited a long time for what happens next. Now its time to be laser focused, no distractions.
Well that's Clarity shelved until a much later date.
SIX HOURS UNTIL CLARITY 🌊
If today's vote clears, under the Clarity Act, for a network token to move from SEC to CFTC jurisdiction (for digital commodities), it must prove it is sufficiently decentralised, ensuring no person controls 20% or more of voting power, no insider group owns 20% or more of the token supply, the code is open-source, and the token has functional utility.
SIX HOURS UNTIL CLARITY 🌊
If today's vote clears, under the Clarity Act, for a network token to move from SEC to CFTC jurisdiction (for digital commodities), it must prove it is sufficiently decentralised, ensuring no person controls 20% or more of voting power, no insider group owns 20% or more of the token supply, the code is open-source, and the token has functional utility.
Monolithic (and parallel execution) blockchains, like SOL (and SUI), were big last cycle and will continue to be cutting edge in terms of blockchain performance. However, Ethereum has consolidated a lot of it's L2 fragmentation thanks largely to Base, and now Robinhood Chain. These L2s, that launched using ETH as their native token, instead of drawing liquidity away, will continue to win market share over time, and as a result ETH and the entire EVM compatible universe will enjoy a strong bull market.