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.
Taking Stock On Crypto
This is my last post for 2024, and this is a good opportunity to have a bigger picture look at where we are in the current bull market run on Crypto, before I get on to the shorter term setup for the next few weeks. My crystal ball has been mislaid for the moment in an unfortunate dry cleaning snafu, but I will do what I can in the meantime using historical price action and math.
I wanted to show you all my much bigger picture Bitcoin (BTCUSD) weekly log scale chart vs NDX, which is really a very interesting chart. I will quickly go through some of the highlights from this chart.
(more…)Saylor Take Warning
Michael “Lockjaw” Saylor transformed his failed Internet company MicroStrategy into a BTC holding outfit. It peaked, on MASSIVE volume, on November 12th. Since then, it’s down 45%. But, umm, $1 million BTC is on the way, so I’m sure it’ll all work out.
Skid Marks
There is a website whose sole purpose in life is to track Michael Saylor’s bitcoin purchases and provide updates on the average purchase price. This is interesting for MSTR “investors” because, of course, the company has little else to show for itself except for its holdings of a bunch of encrypted 1s and 0s. The average price for the $54 billions of $BTC this guy has bought is about $62,000.
