Fortuna favet fortibus
Joined December 2021
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quickpathh retweeted
In bull markets, Bitcoin leads the S&P 500 higher. In bear market rallies, Bitcoin lags. If the S&P is at all time highs and Bitcoin is 42 percent below its peak, that is not a bullish divergence. That is confirmation of where we are in the cycle.
quickpathh retweeted
#BTC
Unfortunately for Bitcoin, everything is playing out perfectly
Bitcoin is on the cusp of confirming a breakdown from the Macro Triangle
In doing so, $BTC is dangerously close to transitioning into the Bearish Acceleration phase of the Bear Market
#Crypto #Bitcoin
#BTC
This move has taken place, for the most part
Bitcoin has rebounded ~20% from the base of the Macro Descending Triangle
If indeed this continues to resemble a macro relief rally from Bitcoin in an early-stage Bear Market, then the majority of this move will have taken place already, rejecting just below the Macro Downtrend
Technically price could try to revisit the Macro Downtrend once again, but generally there's scope for little additional upside, with the Macro Downtrend likely to remain as the ceiling going forward
Obviously, if Bitcoin breaks the Macro Downtrend then it would confirm macro bullish bias
But if we continue to see lesser rebounds from the base of the Macro Descending Triangle (as we're seeing thus far in this current 17% move), then the support may very well lapse in the future to fully confirm the Bear Market
$BTC #Crypto #Bitcoin
quickpathh retweeted
Trading crypto is easy. You only have to endure extreme volatility, survive scams, protect the downside, take profits, but let winners run, work around the clock, do the opposite of what your emotions tell you to do, withstand enormous pain, and explain to your wife why you’re betting your savings on a dog coin.
quickpathh retweeted
Fred, you seem bullish on Solana all of a sudden.
How do you see all this playing out?
Thanks, for asking.
Well, first of all, as Krueger Research clearly shows, Solana has already won the user wars. Ten times as many human beings are on Solana as on ETH. Five times as many as on BTC.
I don't think this means BTC is in trouble. BTC is a "buy and hold" proposition. But ETH is feeling very "myspace" right here. As a guy who created and sold a social network right before FB came in and crushed everybody, it's "deja vu".
So what's next? Well pump dot fun proved that apps on Solana can grow like crazy. So I predict more of those.
Next are StableCoins. Treasury loves them, Commerce loves them so I expect we will see a ton of them this year.
That means gobs and gobs of crypto users. And did I mention our president? He wants the US to be the "crypto capital" of the world.
So you put all that together, and its a world most Bitcoiners just can't comprehend. They will end up making a lot of money, and complaining all the way to the bank.
Such is life.
quickpathh retweeted
Converted a huge amount to SOL at the 190s.
That's it. Thats the move.
/dance /lol /flexonthepoors
quickpathh retweeted
BREAKING: @solana INTRODUCES BLOCKCHAIN LINKS - “VOTE, DONATE, MINT, SWAP, PAY - USE SOLANA, EVERYWHERE”
quickpathh retweeted
Many "influencers", failed "traders" & scammers are launching coins again.
They copy paste their wallet address for a "presale".
The goal? To capitalize on the FOMO after the success of coins like $BOME.
If you're even thinking for a second about sending any of these bozos your hard-earned money:
Let me remind you of the last time this meta dominated our space.
Ben.eth raised millions of USD, below you can find the performance of one of his many coins.
Other irrelevant influencers started presales and either rugged or their coins simply faded into insignificance.
Do not fall for FOMO.
And please do me a favor and don't burn your BTC, ETH & SOL out of greed in the middle of one of the biggest crypto bull cycles ever.
The only button you should click when you see someone post their wallet address for a coin presale is "unfollow", not "send ETH" in your Metamask wallet.
Share this with your friends to remind them not to be stupid.
Thank you. Wale out.
quickpathh retweeted
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quickpathh retweeted
TL;DR
• CZ fined $50m
• No involvement in Binance operations for 3 years
• Binance appoints an independent compliance monitor for 3 years
• Binance fined $1.805bn, discount for partial cooperation, paid over 15months + $2.51bn for sanctions
• No public statements allowed
Zhao Plea Agreement:
Zhao will plead guilty to violations of the Bank Secrecy Act (BSA) and other related laws.
He has agreed to a fine of $50 million, which will be credited against payments made to the Commodity Futures Trading Commission (CFTC) if paid by the sentencing date.
Zhao is prohibited from making any public statements contradicting his admission of guilt or the facts established in the case.
Binance Plea Agreement:
Binance will plead guilty to operating an unlicensed money transmitting business, violating the BSA, and conducting prohibited transactions with Iran.
Binance agrees to the facts stated in the plea agreement and commits to full cooperation with the government.
Zhao has resigned as CEO of Binance, and the company has barred him from future involvement in its operations for three years from the date a monitor is appointed.
Binance must enhance its compliance program and appoint an independent monitor for three years.
At the plea agreement's end, Binance's CEO and chief compliance officer must certify compliance with the plea agreement terms.
Binance consents to a fine of approximately $1.805 billion, reflecting a discount for partial cooperation, to be paid within 15 months post-sentencing.
Binance will also pay a money judgment of approximately $2.511 billion, part of which is related to transactions with U.S. users and another part related to transactions involving Iran, to be paid within specific timeframes post-sentencing.
Binance, like Zhao, cannot make public statements contradicting their acceptance of responsibility or the facts described in their respective plea agreements.