Daily Top 10 Tweets
Wild, wild, wild day.
|Kurt Grela||May 20|
10. Visual Capitalist on Bitcoin’s Historical Corrections
9. The bottom fell out.
Bitcoin dropped by more than 50% from ATH in 35 days. Ethereum by more than 50% in just 8 days from ATH. Wild day!
Then it’s ungone
8. Dollar Cost Averaging on a weekly basis
Buying $100 of every week starting 1 year ago would have turned $5,300 into $18,729. That is a 253% increase. This is why we DCA.
7. I always hate graph overlays, but here we are because trend is supposed to look similar.
6. 2021 graph overlay vs. 2013
5. Pantera graphs rock!
is now about 40% below its 10-year logarithmic trend. Human nature is pro-cyclical, go against the urge. More in our May Investor Letter: panteracapital.com/blockchain-let…
4. Ok, I get it, but what about a 53% correction?
REMINDER 👇 During 2015-2017 $BTC bull market, Bitcoin 'died' 9 times - 9 declines >20% - 5 declines >35% Get the "first word" from FSinsight.com
3. Mark your calendars!
Now, more than ever, the world need a strong, coherent case for the economic importance of . In 5 days, Monday May 24th, I will be releasing The Bullish Case for Bitcoin as a book.
2. Bill Miller says…
1. Ark’s target remains BTC at $500,000!
Abra just had one of its biggest spikes ever in trading volume. No downtime no systems issues. Thank you team 🙏 https://t.co/xEYMCmddVH
Mr. Whale @CryptoWhaleCoinbase went offline Bitfinex went offline Binance went offline Kraken went offline Gemini went offline CMC went offline Bittrex went offline KuCoin went offline Huobi went offline CoinDesk went offline Probably just a coincidence. #Bitcoin #BTC #Crypto
Repost from mid-April. Click for subtweet
Incredible that this was actually the top.
Jacob Canfield @JacobCanfieldPi Cycle Top indicator going off the day before the @coinbase listing with prolonged extreme positive funding. $66,666 top incoming? Meme or reality? https://t.co/DwHKaAtnlt
Be careful out there. Never invest like this.
Even if bitcoin becomes an amazing asset (again), this is the worst advice you could ever give matters
Coordinated sell to crash the price?
Posted last night at 10pm by an "insider" about dumping on coordinated FUD to liquidate a stakeholder. Fucking wild.
Change in Fed policy?
The Federal Reserve has begun to telegraph an eventual shift away from the easy-money policies implemented during the pandemic as evidence builds of a robust economic recovery and mounting inflation.
the real story today: reverse repo usage just surpassed Covid crash highs. We are effectively out of repo market collateral, Fed is cornered, and there is no place to park $1TN more in reserves. Fed can't do 18 more months of QE
This is actually very positive news!
JUST IN: The heads of the , and discussed "potentially" creating an interagency policy group to examine cryptocurrency, Acting Comptroller Michael Hsu said in a Congressional hearing Wednesday. reports
Ark investing in $COIN.