Sunday, August 29, 2021

#Bitcoin Review $GBTC #BTC

Bitcoin Review
Those that view the message of the market on a daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bag holders of trend transitions.

Bitcoin's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.

Hello Eric,

I agree that desperate broke govt's will outlaw non-govt digital currencies, but I think they will be about as successful as their attempt to ban guns. My question, which could be answered by the EOT, has to do with the timing. In order to make the "smooth" psychological transition from banning cash to imposing digital, wouldn’t you think they need to get more people on board the bitcoin train. Currently, there is very low adoption of cryptos, as well as low investment participation.

On one side of the arguement I see cryptos making another huge run to get more people participating, but on the other side they are running out of time (especially in Europe), which could cause them to flip the switch too early. Do you have a market, other than GBTC, that you are watching for an early warning, like EM debt (PCY) and european financials (EUFN)?

Thanks again, Scot

Subscriber Comments

The computer only offers the perspective of the invisible hand. Success of failure of private crypto depends on outcomes that would likely get banned on public forums if discussed.

Let's follow the Evolution of the Trade, because the phases anticipate outcomes before headlines shock the world.  Many remember certain players placing huge bearish bets against the airline stocks ahead of 9/11.   These observations remind us that it's usually the public rather than invisible hand that gets blindsided.

As long as the primary trend is up, the path of least resistance is up. Let's follow the EOT. It always seems to discount events before they happen.

I anticipate that the Matrix will be screaming something ahead of the next crisis. It wasn't quiet ahead of the 2020 COVID lockdown.

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