An interesting video sent to me by a Sloper……….
Please note there is a PAYING MEMBERS ONLY post here.
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Crypto Goes for Woke
Well, I honestly don’t have much of an opinion about crypto either way, but frankly, I’d be concerned at this point……………I offer you this news item:
Actresses Gwyneth Paltrow, Reese Witherspoon and Mila Kunis have a new message of empowerment for women: They say it’s time to embrace crypto.
See, this is the kind of goofy celebrity-hyping nonsense that marks tops. When people who are famous for doing other things (like acting, or doing the voice of Meg on Family Guy, or selling vagina-scented candles) start to trot out high-risk investments – – particularly to affinity groups – – you know there’s trouble ahead.
(more…)…they call for women to do their research and enter the arena. The time is now, they say, to develop a sisterhood of crypto enthusiasts.
Animal Spirits Aligned
One would think that the securities representing ownership of corporations and the world of digital currencies would have virtually nothing to do with one another, but in this all-assets-aligned world of ours, that isn’t the case. Once again, Layered Charts come to the rescue.
Check out Ethereum versus the SPY over the past five years. For a few years, they sorta-kinda had something to do with each other, but in the past couple of years, they’re virtually in lockstep. Market psychology reigns supreme!
Doge Day Afternoon
It’s fascinating how pop culture can intersect with the financial markets.
Early in 2021, Dogecoin was all the rage, and one of its main proponents, Elon Musk, was surprisingly slated to host Saturday Night Live. The boys on reddit figured this would be just what the doctor ordered to launch $DOGE into the stratosphere, since Elon would pump it up on the show. Thus, the 19 year olds loaded in. A contrarian would assume that, paradoxically, Elon’s presence on SNL would not only not mark a new bull market in the coin, but in fact be an important top.
And it was. But, uncannily so. Elon’s SNL gig wasn’t merely the same month as the DOGE top. Or the same week. It was the same goddamned DAY (almost to the millisecond). The odds of him nailing the precise top, with the coin having traded thousands and thousands of days, is vanishingly small. But………..
(more…)The Government Speaks!
After many months of breathless anticipation, the federal government finally made their bold, sweeping announcement with respect to cryptocurrencies. Strap in!
