So, what precisely is the value of a year-end prediction if you slash it by 60% shortly before the end of the year??? It’s enough to make me want to have my hair done and go antique shopping.
Effeminate Failure
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.
Motions that Matter
It’s gratifying to see that my sneering disposition toward crypto isn’t blowing up in my face. Indeed, the entire crypto insanity – – which may well turn out to be the biggest financial wipeout in human history – – is looking awfully sour. David Sacks, the grotesque (but chosen) Crypto Tsar of the U.S. of A., has weaseled his way into the White House on behalf of himself and his billionaire buddies to make even more billions off crypto with such monstrosities as the so-called GENIUS Act.
You can see how much good it’s doing:
What If BTC Poops?
There’s a good reason the crypto creeps are so strident about the marvelousness of their utterly useless gambling token: since its inception, it has utterly smoked every other investment except for, I dunno, buying into the Apple Computer partnership in 1976. Here is the percentage change of Bitcoin versus the S&P:
Crypto Bull Market Likely Over
In my post on Wednesday 22nd October I was looking at the major support being tested on Bitcoin (BTCUSD), Solana (SOLUSD), and Ethereum (ETHUSD), and saying that sustained breaks below those support levels would boost the case that the bull market on Crypto had already ended, barring possible high retests as part of the topping process.
In my post on Thursday 30th October I was looking in detail at those key support levels on the weekly and daily charts and looking at the possible H&S patterns forming on the Solana and Ethereum charts.
In my last post on Tuesday 4th November I was looking at the H&S patterns on the Solana and Ethereum charts, which had started breaking down, and was warning that these big three Crypto instruments were on the verge of a clear break down that would likely confirm the end of the bull market from the December 2022 low.
(more…)Biggest Stores of Value
Cryptos have two true purposes: (a) gambling tokens (b) signals about when to short equities.
